S.L. 492.2 Art. 11Statement of accounts related to public collections.

(1) Voluntary organisations shall draw up a statement of account related to any event organised and, or any activity performed to make public collections in accordance with the requirements established under Schedule II and shall submit the same as an attachment to the annual return.

(2) Where donations which exceed five thousand euro (€5,000) over a period of one financial year are offered to a voluntary organisation or a member or an administrator of such voluntary organisation, it shall be the duty of the voluntary organisation or its members or administrators to identify the donor offering the donation, to verify the exact amount of the donation being offered and to declare the source of the said donation by means of a declaration made to the Commissioner, with special reference to donations offered in cash or in kind.

(3) Voluntary organisations shall issue receipts for every donation received exceeding five euro (€5) per day and shall keep such receipts for at least five years.