Accounts monitoring: Do charity annual reports and accounts meet the reader’s needs?

Thursday, April 20, 2017 10:01 AM | Doug Miles (Administrator)

Accounts Monitoring Review 

The purpose of the trustees’ annual report and accounts is tell the reader what the charity is set up to do, what it achieved and how it spent its money. Three quarters of a sample of 107 sets of charity accounts filed with us provided basic information on charitable activities. They showed how the trustees had used the charity’s money and included either an audit or independent examination report. A quarter of charities failed to provide this basic information and fell well short of the standard the public has every right to expect. The main reasons why these sets of accounts failed to meet our basic standard were that either the annual report did not explain the charity’s activities to achieve its objectives or that the accounts did not balance or were incomplete. (21/04/17).

The Association of Charity Independent Examiners

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