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.