FINANCE NEWS: Commission issues guidance for more transparent reports

The Charity Commission has published new guidance for charities on how to use annual reports to communicate objectives.

Reporting the Activities and Achievements of Charities tells organisations how to identify their objectives, activities undertaken to achieve them, and successes through the existing Statement of Recommended Practice.

The guidance is another attempt by the commission to put more emphasis on charities' performance and accountability in anticipation of a bill updating charity law later this year.

It was produced in collaboration with NCVO, ACEVO, the Charity Finance Directors' Group and the Association of Charitable Foundations.

Jane Hatfield, head of development at NCVO, said: "SORP has traditionally been viewed as a tool to report on the financial activities of a charity's work. This welcome guidance makes clear that financial information alone is not enough."

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