3. How do I complete the Statement of Accounts template?
The items of income and expenditure declared in the Statement of Accounts should be specific to the approved event/project only. These items should fall within the approved project period. The approved project period is the period during which your Organisation will be raising funds/receiving donations and incurring expenses for the approved project.
All items of income and expenditure should be reported on a gross basis (i.e. no netting-off of items).
You are responsible for ensuring that the information disclosed in your submission is accurate, timely, complete and has been prepared in compliance with all applicable laws.
You may wish to refer to the websites of the respective competent authorities for more information (e.g. to the write-ups and guides on the Charity Portal and on the Inland Revenue Authority's website, to the relevant statutes, etc.). If in doubt, please consult your professional accounting, tax, legal or other competent advisors.