Charity Commission publishes accounts templates pack for small charitable companies
31 Mar, 2017
The Charity Commission has today published accounts templates for small charitable companies with income under £500,000 to help their trustees prepare accounts. The templates are applicable for reporting periods beginning or after 1 January 2015.
The Charity Commission indicates that around 77% of charitable companies on its register have income below £500,000 and highlights that the templates will “make it easier for charities to ensure their accounts are prepared in the correct format and to a good standard”. Recent research undertaken by the Charity Commission highlighted that when charities used templates provided by the Charity Commission “they were much more likely to have followed the accounting standards”.
These templates compliment the templates already published by the Charity Commission for non-company charities with incomes of £500,000 or less and Trustees’ annual report templates (both links to Charity Commission website).
The press release and the new accounts templates are available on the Charity Commission website.
