7. An annual report required under section 14 of the Act in respect of a financial year ending on or after 1st July 2011 shall contain —
(a)
the following particulars:
(i)
a description of the governing instruments of the charity;
(ii)
the Singapore unique entity number of the charity;
(iii)
the registered address of the charity;
(iv)
the name, designation and date of appointment of each governing board member and each member of the management committee, advisory council or any other similar body, if any; and
(v)
the names of the bankers, lawyers, auditors, investment advisers and other advisers of the charity;
[S 489/2011 wef 01/07/2011]
(b)
a report by the governing board members containing —
(i)
an explanation of the objectives of the charity and a description of the way in which the charity is organised, and the policies adopted during the financial year in pursuance of its objectives;
(ii)
a review of the activities during the financial year;
(iii)
a review of the financial state of the charity and an explanation of all major financial transactions and salient features of the financial statements prepared under section 12(1) of the Act or the receipts and payments account and statement of assets and liabilities prepared under regulation 3(4); and
[S 170/2018 wef 01/04/2018]
[S 15/2023 wef 31/12/2021]
(iv)
an explanation of the purposes for which the assets of the charity are held and an indication of the future plans and commitments of the charity, with particular regard to on-going items of expenditure, projects yet to be completed and obligations yet to be met; and
(c)
financial statements prepared under section 12(1) of the Act, or, if allowed under regulation 3(4), a receipts and payments account and a statement of assets and liabilities.