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Commission unveils examples of public benefit reporting

Commission unveils examples of public benefit reporting
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Commission unveils examples of public benefit reporting

Finance | Ian Allsop | 11 Nov 2008

The Charity Commission has published its first fictional examples of public benefit reporting to give charities an idea of how to do it.

The online examples of trustees' annual reports (TARs) aim to show how reporting on public benefit sits within the existing structure of TARs and illustrates how the new version has been adapted to include public benefit reporting.

The examples will also show how a small charity can report appropriately on its public benefit without having to go into complex levels of detail. Each public benefit principle has a one-click direct link to the TAR example of how it is met.

Andrew Hind, the Commission's chief executive (pictured), said the examples show how straightforward reporting on public benefit can be.

Develop own style

"We don't expect charities just to treat them as templates, but hope they find them a useful tool in building and developing their own reporting style. I hope these first examples help reassure charities about the practical ways in which the reporting requirement can be clearly achieved."

The Charities Act 2006 introduced a requirement that all charities must report on the public benefit they deliver via their trustees annual report each year. This becomes effective for reporting periods on or after 1 April 2008.

The two example reports cover one charity below the £500,000 audit threshold and one above it and are the first of a planned online bank of examples which will be added to as supplementary public benefit guidance for specific types of charities is published towards the end of this year.

The reports are available from the Commission's website at www.charitycommission.gov.uk under ‘Public benefit reporting'.

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