Trustees Annual Report
Charity commission annual return is a summary of how your charity is run.
Unit 6
The Charities Commission (for England and Wales), The Office of the Scottish Charity and The Charity Commission for Northern Ireland require that a charity prepare a Trustees report to accompany the financial accounts each year and submit to the appropriate regulator.
Trustees' annual report template (SORP FRS 102)
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Charities with a gross income below £250,000 and who are not registered as a company have the option of preparing receipts and payments accounts, as long as their governing document does not require their charity's annual accounts to be prepared as accruals accounts.
Employee cost allocation is the process of distributing staff costs across various aspects of a business. This helps in understanding how employees are used in different projects, allowing for accurate budgeting, enabling full costing for projects and better management control.