Linked to the previous article about final reports, the rules state that unless you have actually issued a draft final report to creditors by the anniversary date then you must still issue an annual progress report even if the draft final progress report is issued within the 2 months you have to issue an annual progress report.
We understand, however, that the RPBs have agreed that it is possible to issue a combined annual and draft final progress as long as the report makes it clear that it is a combined report, includes all the information required by each report, and includes a receipts and payments account that shows the separate reporting periods.
Again, we would suggest using this sparingly and certainly only where the draft final progress report is issued within the 2 month window to issue the annual progress report.
