The Charity Commission has published two reports from its account monitoring reviews on ‘Public benefit reporting by charities’ and ‘The quality of charity accounts’.
While the majority of charity accounts were found to be of acceptable quality, full compliance with the public benefit reporting requirement is low. And there was a correlation between size of charity and the quality of its accounts, with barely half of charities with annual incomes below £250,000 producing adequate accounts.
See official news release or find the reports at https://www.gov.uk/government/publications/accounts-monitoring-charity-commission.
A senior research officer at NCVO, who reckons he has looked at more charity accounts that most people, has drawn on this user experience and the results of the Commission’s research to put together some basic tips for ensuring “tip top” accounts, at http://blogs.ncvo.org.uk/2015/03/31/five-tips-for-tip-top-accounts/.