The Charity Commission has 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