A charity’s annual report must explain what its charitable purposes are and what it has done during the year to carry out those purposes. Larger charities must also set out their strategy in more detail and provide an assessment of what they achieved.
The report will also contain the year’s accounts for the charity. The content, format and accounting conventions which charities must use for this are set out in detail by the Charity Commission.
The accounts are an important part of charities’ transparency, with the public able to see how money is being spent.
Charities have to submit their accounts to the Charity Commission no later than 10 months after the end of their financial year.
REPORT OVERVIEW OF BUSINESS
The company is a registered charity and the principal activity is that of supporting
vulnerable adults with the provision of affordable quality accommodation and housing
The trustees who are also directors of the charity for the purposes of the Companies
Act 2006, present their report, which incorporates the Directors report, with the
financial statements of the charity for the year ended 31 March 2020.
have adopted the provisions of Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective 1 January 2015).