Charity accounts – common problems found by Charity Commission

The main reasons why charity accounts submissions do not meet the basic benchmark  are:

  • failure to evidence that accounts had been subject to independent scrutiny by an auditor or independent examiner, as required by law
  • not providing meaningful information about their charity’s purposes or the activities carried out to achieve those purposes

 

Further  just 52% of trustees’ annual reports in the public benefit reporting review met the public benefit reporting requirements.

Trustees are falling short on the requirements to explain activities carried out by the charity to further its purposes for the public benefit, and to provide a public benefit statement.

It is important that you explain the activities your charity undertakes and the impact you have.

Similar Articles

Press release from Charit... The Charity Commission, the regulator of charities in England and Wales, has published the findings of a study which has found that cultural factors, such as placing
Best banks for Charities We are often asked about bank accounts for charities. Experiences of clients vary from bank to bank so we do not recommend any but you may find
Recruitment of new truste... In accordance with the Charities Act, an individual is currently prevented from acting as a charity trustee if they have an unspent conviction for an offence of
Justice Denied Miscarriages of justice and long delays in the criminal justice system are becoming more common because a growing number of people are having to represent themselves in
Charities and Brexit The charity sector is expected to lose £200k as a result of the UK’s exit from the European Union from grants and contracts from Europe. There will
Government launches new s... Free online resource for charities launched by the Government. It is a safeguarding portal created to help charities handle safeguarding concerns or allegations. See https://safeguarding.culture.gov.uk/ The portal
Charities using social me... The Charity Commission advises that if your charity uses social media, you are responsible for: agreeing and putting in place a social media policy so that you
Can our charity assist wi... The Charity Commission’s guidance has been updated to give consideration of the extent to which the charity sector can undertake activities aiming to help with the effects
More charities ‘hav... A survey by the Ethical Property Foundation and the Charity Commission finds that nearly 60 per cent now struggle with this, compared with 41 per cent in
Brexit has had no effect ... Charitable donations according to the Charities Aid Foundation’s annual UK Giving report found that charitable donations held steady at £9.7bn last year. Apparently the EU referendum had

Leave a Reply

Your email address will not be published. Required fields are marked *