Financial accounts for smaller political parties published
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Financial accounts of political parties and accounting units in the
United Kingdom, with income and expenditure of £250,000 or less,
have been published today by the Electoral Commission. The accounts
are for the year ending 31 December 2022. 335 political parties in
the United Kingdom reported their financial accounts as being
within this threshold. Details of parties and accounting units with
income and expenditure over £250,000 will be published in due
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Financial accounts of political parties and accounting units in the United Kingdom, with income and expenditure of £250,000 or less, have been published today by the Electoral Commission. The accounts are for the year ending 31 December 2022. 335 political parties in the United Kingdom reported their financial accounts as being within this threshold. Details of parties and accounting units with income and expenditure over £250,000 will be published in due course. Louise Edwards, Director of Regulation and Digital Transformation, said: “All political parties must keep financial records and submit annual statements of accounts to us. Publishing this data helps voters see the money that political parties receive and what they are spending. This is a vital part of delivering transparency in political finance in the UK, and in enhancing public confidence and trust in our democratic processes.” The ten parties that reported the highest income or expenditure between £50,000 and £250,000:
The full financial accounts for each of the 335 political parties with income and expenditure of £250,000 or less are available on the Commission’s website. Accounting unit income and expenditure Political parties may register 'accounting units’ with the Electoral Commission. These are constituent or affiliated units of a political party, including constituency parties, which have separate finances from the main party. Accounting units are only required to deliver an annual Statement of Accounts to the Electoral Commission if either their total income or total expenditure is over £25,000. 387 accounting units in the UK reported income and expenditure between £25,000 and £250,000. Total income and expenditure of accounting units by party
The financial accounts for all accounting units published today are available on the Commission’s website. Comparisons with previous years Below are the total sums of the financial accounts for political parties and their accounting units that fell under the £250,000 threshold in the two previous financial years: Political parties
Accounting units
Figures comparing the latest financial accounts for political parties and their accounting units with those for 2021 and 2020 provide a general comparison and do not necessarily compare the same parties and accounting units. The income and expenditure of parties and accounting units vary each year, so they may fall into different reporting thresholds. Late submissions 26 political parties and accounting units that were expected to have income or expenditure under £250,000 failed to submit their accounts before the deadline of 30 April 2023. Where parties and accounting units have delivered their accounts late we may take appropriate and proportionate action in line with our Enforcement Policy. Political parties and their accounting units with income or expenditure in 2022 of more than £250,000 were required to submit their audited accounts by 7 July 2023. These will be published in due course. Ends For further information please contact the press office on 020 7271 0704 or email press@electoralcommission.org.uk. For outside office hours call 07789 920414. Notes to editors
The Commission was set up in 2000 and reports to the UK, Scottish and Welsh parliaments.
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