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Data 'can support public benefit claims'
By Helen Warrell, Third Sector, 30 April 2008
The new head of not-for-profit services at accounting firm Vantis has suggested that charities can best demonstrate public benefit by backing up written claims in their annual reports with numerical data in their Statement of Financial Activities.
Reza Motazedi told Third Sector that the Sofa, which is a requirement of the Sorp accounting standard, was the best means for charities to quantify their public benefit credentials. "Trustees need to link the information in their annual reports to the data given in the Sofa," he said. "In my...
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