Public benefit reporting by charities
The reasons why 54% of the charities included in the study did not meet the public benefit reporting requirement were:
- The annual report includes a public benefit statement, but doesn't explain who benefits from the charity's activities.
- The annual report explains who benefits from the charity's activities, but doesn't include a public benefit statement.
- The annual report doesn't explain who benefits from the charity's activities and doesn't include a public benefit statement.
Do charity annual reports and accounts meet the reader’s needs?
The main reasons for failure were:
- The accounts as a whole were inconsistent or not transparent.
- The accounts did not balance or were incomplete.
- A proper independent examination had not been carried out.
- The annual report did not cover the charity's objectives and/or its charitable activities.
- One or more of the annual report, independent scrutiny report and the accounts were missing.
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