Time for change — Surveying trustees’ annual reports in the charity sector
Background
Deloitte’s fourth survey of trustees’ annual reports looks at the challenges for charities to adopt the spirit of the forthcoming changes to financial and narrative reporting, so that their annual reports tell their stories appropriately.
Key findings
The pressure on charities to report the impact of their achievements has increased and the trustees’ annual report remains key in each charity’s arsenal of publicity material to help each clearly win the attention, support and funds it needs. As the requirement for charities to demonstrate the relevance and effectiveness of their activities grows ever greater, it is important that charities articulate their achievements comprehensively yet concisely.
The report suggests that there is still a divide between those charities that comply with the letter of reporting requirements and those that choose to comply with the spirit of them.