Charity Commission publishes reviews into the quality of charity annual reports and accounts
Released 20 December 2018
The Charity Commission has published the findings of two reviews which examined whether charity annual reports and accounts meet user needs and at how well charities are meeting their public benefit reporting requirements.
According to the report, just 70% of trustees’ annual reports and accounts met the Commission’s benchmark of user requirements, compared with last year’s 74%. The main reasons why charities’ accounts submissions did not meet the Commission’s basic benchmark were failure to evidence that their accounts had been subject to independent scrutiny by an auditor or independent examiner, as required by law, and/ or not providing meaningful information about their charity’s purposes or the activities carried out to achieve those purposes.
Further details can be found here.