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Charity Reporting and Accounting

26 August 2021

Our Finance Manager, Debbie, takes you through what you should know about charity reporting and accounting.

Firstly, work out which requirements apply to your charity. There are different requirements for different sizes and types of charity. To understand which apply to your charity, you need to check:

  • Whether or not your charity is also a company (registered with Companies House and the commission) or charitable incorporated organisation solely registered with the commission
  • Your charity’s income for the current financial year
  • The value of your charity’s assets
  • Whether or not your charity is of a size that is required to be registered as a charity with the commission

You should then ensure that the charity’s Trustees understand:

  • What type of accounts must be prepared
  • What information is needed in the Trustees’ annual report
  • Whether the accounts need an independent examination or audit
  • What information must be sent to the commission – if you do have to send your charity’s annual report and accounts to the commission, you must do so within ten months of the end of your charity’s financial year. In the interest of transparency, the commission encourages you to do so much sooner than this in order to give an up-to-date and current picture of your charity to those interested in your charity’s work.

Full information can be found on the Charity Commission website.

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