The Charity Commission has today launched
the accounts templates
pack for small charitable companies to help
trustees of charitable companies with an income of under
£500,000 prepare their accounts.
The new charitable company accounts templates are the
product of a close partnership between Companies House
and the Charity Commission to ensure that the templates
reflect the regulatory requirements, current guidance and
best practice.
Both the Charity Commission and Companies House committed
to making it easier for charities to comply with their
accounting obligations while making it easier for the
public and donors to view charities accounting
information.
Charities of this size make up around 77% of the
charitable companies on the Commission’s register and
these templates make it easier for charities to ensure
their accounts are prepared in the correct format and to
a good standard. The Commission’s recent research into
charity accounts found that when charities used templates
provided by the Commission they were much more likely
(71%) to have followed the accounting standards.
These templates join 2 other sets of accounts templates
for charities provided by the Commission: templates for
non-company charities with incomes of less than
£500,000 and Trustees’ annual
report templates. These are available on GOV.UK.
Paula Sussex, Chief Executive, at the Charity Commission
said:
Our renewed focus on enablement is all about supporting
trustees and charities to get it right first time.
Working closely with our colleagues at Companies House
we have ensured that our templates contain the right
information to meet the regulatory requirements.
The public have told us that they expect charities to
be able to accurately account for the funds that donors
give so generously. This toolkit for charities will
enable smaller charitable companies to submit accounts
that meet the high standards that the public expect.
Tim Moss, Chief Executive, at Companies House said:
I am pleased that our partnership with the Charity
Commission has produced these new resources for
charities, ensuring that the public and donors can
continued to be assured of high standards of company
accounting.
We are committed to exploring further opportunities for
partnership and collaboration with the Charity
Commission.
The new accounts
templates are available on GOV.UK.
