(1)Section 48 of the Charities Act M11993 (annual returns by registered charities) shall be amended as follows.
(2)In subsection (1) (duty to prepare annual return) at the beginning there shall be inserted “ Subject to subsection (1A) below, ”.
(3)After subsection (1) there shall be inserted—
“(1A)Subsection (1) above shall not apply in relation to any financial year of a charity in which neither the gross income nor the total expenditure of the charity exceeds £10,000.”
(4)At the end there shall be inserted—
“(4)The Secretary of State may by order amend subsection (1A) above by substituting a different sum for the sum for the time being specified there.”
Marginal Citations