IPC Fund Annual Declaration: Receipts, Distributions and Ageing

Key steps and distinctions

An authorised signatory declares that the charity’s or approved NPO’s designated IPC-fund information is true and correct. Part A lists each receipt and distribution with dates, donor or recipient IPC name, amounts and receipt numbers. Part B reconciles the opening undisbursed balance plus current receipts less current distributions to the closing year-end balance. Part C tracks a receipt-year cohort through subsequent years to identify amounts not distributed within five years. The closing balance alone cannot show whether donations meet the distribution deadline, so keep both transaction details and receipt-date ageing. Complete the reporting year, entity and signatory name, designation, signature and date consistently. This is an annual scheme-accountability declaration, not a donor receipt, a general charity tax return or a request for a new deduction. Reconcile it to designated-fund bank and accounting records and preserve the evidence behind amounts certified as correct. Follow the current scheme submission instructions for delivery; the sample layout explains the information required.