Section 62 and Schedule 6 : Quarterly donation reports
122.Section 62 requires a party to prepare a donations report in respect of each quarter of a calendar year. A quarterly donations report will record any donation of more than £5,000 (or more than £1,000 in the case of a donation made to an accounting unit of a registered party) accepted during that quarter or any donation which, when added to other donations from the same source during that calendar year, brings the amount up to more than £5,000 (£1,000 in the case of donations to accounting units). It must also record any further donations of more than £1,000 from a source which, during the same calendar year, has already been recorded in a donation report. Parties must also report donations from the same source made to any of their accounting units which in aggregate exceed £5,000 (subsection (12)). To comply with these requirements political parties will need to keep records of all donations received and accepted above the de minimis level of £200 (as set out in section 52(2)(b)).
123.A quarterly donations report will also record all donations received by the party from an impermissible or anonymous source during that period.
124.Where a party has received no donations which fall to be recorded, it will be required to report to that effect.
125.Subsection (13) gives effect to Schedule 6 which makes additional provision as to the information to be included in a quarterly donation report. In particular, the treasurer is required to record, in respect of each recordable donation, the identity of the donor (including their name and address), the value of the donation and the circumstances in which the donation was made.
