Singapore legislation
Regulation 7A
Regulation 7A
Annual report for financial year starting on or after 1 January 2018
Subregulation 1
An annual report required under section 14 of the Act in respect of a financial year starting on or after 1 January 2018 must —
comply with regulation 7; and
subject to paragraph (3) —
in respect of any financial year starting before 1 January 2024 — contain the appropriate Governance Evaluation Checklist set out in the Fifth Schedule; or
in respect of any financial year starting on or after 1 January 2024 — contain the appropriate Governance Evaluation Checklist set out in the Sixth Schedule.
Subregulation 2
Where more than one Governance Evaluation Checklist mentioned in paragraph (1)(b)(i) applies to a charity, the charity must submit a duly completed Governance Evaluation Checklist that is of the highest tier.
Subregulation 2A
For the purposes of paragraph (1)(b)(ii), where both the Governance Evaluation Checklists set out in the Sixth Schedule apply to a charity, the charity must submit a duly completed Governance Evaluation Checklist set out in Part 2 of that Schedule.
Subregulation 3
The requirement in paragraph (1)(b) does not apply to —
an exempt charity which is not an institution of a public character;
a self‑funded grantmaker which is not an institution of a public character; or
any registered charity which is not an institution of a public character and whose gross annual receipts, or the total expenditure if higher, in any of the 2 financial years preceding the current financial year, is less than $50,000.
Subregulation 4
For the purpose of paragraph (3)(c), “gross annual receipts” includes all income, grants, donations, sponsorships and all other receipts of any kind.
Subregulation 5
In this regulation, “self‑funded grantmaker” means any registered charity that is —
solely funded by an individual, an individual together with the individual’s family members, or a single person (whether corporate or not); and
established to grant moneys for exclusively charitable purposes.