The Charity Commission has released the latest version of the annual return for charity accounts for 2023 year ends, following a significant overhaul of reporting requirements.

This year, the return features a revised set of questions that have to be answered by charities for their financial years ending in 2023 and in subsequent years.

The updated question set is designed to give the regulator more clarity about the risks facing the sector and enhance charities’ transparency.

Among the changes are new questions to understand charities’ reliance on certain types of income, single sources of funding, management roles and responsibilities within charities, and geographical areas in which charities operate in England and Wales.