The Charity Commission has launched an accounts templates pack for small charitable companies, designed in partnership with Companies House, to help trustees of charitable companies with an income of under £500,000 prepare their accounts
The regulator says charities of this size make up around 77% of the charitable companies on the Commission’s register and these templates make it easier for charities to ensure their accounts are prepared in the correct format and to a good standard.
The Commission’s recent research into charity accounts found that when charities used templates provided by the Commission they were much more likely (71%) to have followed the accounting standards.
These templates join two others provided by the Commission: templates for non-company charities with incomes of less than £500,000 and trustees’ annual report templates. All are available on Gov.uk.
Paula Sussex, chief executive, at the Charity Commission said: ‘The public have told us that they expect charities to be able to accurately account for the funds that donors give so generously. This toolkit for charities will enable smaller charitable companies to submit accounts that meet the high standards that the public expect.’
Accruals accounts pack (CC17) - SORP FRS 102 for charitable companies is here.
Accruals accounts pack (CC17) - SORP FRS 102, for non-company charities with incomes of £500,000 or less is here.
The Trustees' annual report template is here.
