Charity reporting and accounting: the essentials November 2016 (CC15d)

The Charity Commission published information on what trustees need to do when preparing trustees’ annual reports, accounts and annual returns for accounting periods beginning on or after 1 November 2016.

To understand what you need to do for your charity, first check:

  • whether or not your charity is also a company or charitable incorporated organisation
  • its income for the current financial year
  • the value of its assets
  • whether or not it is required to be registered as a charity

You should then establish:

  • what type of accounts must be prepared
  • what information is needed in your trustees’ annual report
  • whether your accounts need an independent examination or audit
  • what information must be sent to the Charity Commission

Click here for the following guidance.