Financial scheme of Direct Democracy (Communist) Party


1. Introduction
This scheme sets out how Direct Democracy (Communist) Party will regulate its
financial affairs for the purpose of compliance with the Political Parties, Elections
and Referendums Act 2000 (‘the Act’) as amended.

2. Constitution
A copy of Direct Democracy (Communist) Party's constitution, including details
of its structure and organisation, and how these are determined, is enclosed.

3. Accounting Units
Direct Democracy (Communist) Party does not wish to have any accounting units
separate from its central organisation.

4. Other organisations within the party
Direct Democracy (Communist) Party’s constitution does not provide for the
establishment of ward branches or affiliated organisations within the party.
For the purpose of compliance with the Act, the financial affairs of any newly
established ward branches or affiliated organisations will be wholly controlled by the
party treasurer.

5. Role of the party treasurer
The registered treasurer of Direct Democracy (Communist) Party is responsible
for the whole party’s compliance with the financial provisions of the Act and in
particular for:

5.a Setting up and maintaining accounting records capable of meeting the
accounting record keeping requirements of the Act.

5.b Setting up and maintaining arrangements for ensuring that annual statements
of accounts for the party are prepared, approved, audited if necessary and submitted
to the Electoral Commission on time.

5.c Developing and putting in place arrangements to ensure that any
impermissible or unidentifiable donations of more than £200 to the party are
recorded and returned to sender or, if that is not possible, surrendered to the
Commission.

5.d Developing and putting in place arrangements for recording donations of
more than £200 and for the submission of quarterly donation reports covering
donations exceeding £5,000 (including aggregates of donations and regulated
transactions) and any impermissible or anonymous donations of more than £200;
submitting a nil return if there are no reportable donations.

5.e Developing a plan for ensuring weekly donation reports can be submitted
during general election periods.

5.f Developing and putting in place arrangements to ensure that any transactions
(loans, credit facilities, etc.) of more than £200 with the party are entered into only
with an authorised participant.

5.g Developing and putting in place arrangements for recording any regulated
transactions (loans, credit facilities, etc.) of more than £200 and for the submission
of quarterly transaction reports covering transactions exceeding £5,000 (including
aggregates of donations and regulated transactions) and any void transactions or
transactions of more than £200 entered into with an unauthorised participant;
submitting a nil return if there are no reportable transactions.

5.h Developing a plan for ensuring weekly regulated transaction reports can be
submitted during general election periods.

5.i Ensuring that the incurring of campaign expenditure and the payment of
claims are duly authorised and that all relevant receipts and invoices are kept.

5.j Developing and implementing a campaign expenditure budget that complies
with the limits, together with arrangements for monitoring compliance.

5.k Developing a plan to ensure the Compilation, auditing (if necessary) and
timely submission to the Commission of a campaign expenditure return when the
campaign is over.

5.l If there is a referendum to which Part VII of the Act applies, developing and
putting in place arrangements for complying with the controls on referendum
expenditure (this will be done by adapting the party’s arrangements for the control of
campaign expenditure).

5.m Ensuring that any grants from the Commission to the party are spent in
accordance with the conditions of grant imposed by the Commission.

5.n Being responsible for the compliance of ward branches with the financial
requirements of the Act.

6. Deputy treasurers with responsibility for campaign expenditure
Direct Democracy (Communist) Party does not intend to appoint any deputy
treasurers with responsibility for campaign expenditure.

7. Promoting compliance with the act
The party treasurer will ensure that the party leader and all other officers and
members of Direct Democracy (Communist) Party have sufficient knowledge of
the party’s financial obligations under the Act to ensure that the party as a whole
complies with these obligations.

8. Financial year
The party’s financial year will run from 1 January to 31 December.

9. Amendments to the financial scheme
The party treasurer will ensure that any proposed amendments to this financial
scheme are submitted to the Electoral Commission for approval.

Signed: _______________________________(Party Treasurer)

Date:_________________________