PracticeAuditCharities fail to communicate in annual reports: Deloitte

Charities fail to communicate in annual reports: Deloitte

Charities fulfilling only basic regulatory requirements

Charities are not making enough use of their annual reports according to a
Deloitte report.

The Big Four firm reviewed a range of charity annual reports and found that
most only fulfil the basic regulator requirements.

Mary Reilly, Deloitte partner and head of the firm’s third sector practice
said charities needed to do more to communicate to donors and other
stakeholders.

“The annual report is an ideal opportunity – It is the first port of call for
a range of stakeholders looking for detailed information about the purpose of
the charity, what it has achieved and its plans for the future.”

The report found that while almost half said they used volunteers, of these
four out of ten included no quantification about the assistance given by
volunteers.

Further reading:

Surveying
the Sector

HMRC’s
Hartnett backs charity’s call for international tax changes

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