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About charity trustees鈥� annual reports

Your trustees鈥� annual report helps people understand what your charity does, particularly potential funders and beneficiaries.

You need to write a trustees鈥� annual report if your charity is registered in England or Wales. Along with your accounts, the report tells people:

• about your charity鈥檚 work
• where your money comes from
• how you鈥檝e spent your money in the past year

Reports for small non-company charities

If your charity鈥檚 income is under 拢500,000 (and providing it doesn鈥檛 have assets worth more than 拢3.26million), prepare a simple report including:

• your charity鈥檚 name, registration number, address and trustee names
• its structure and details of how it is managed, including how it recruits trustees
• its activities and objectives in the year
• its achievements and performance, including reporting on its public benefit
• a financial review including any debts and details of your reserves policy (if applicable)
• details of any funds held as a custodian trustee

You can put more detail into your trustees鈥� annual report if you want to. You only have to send a copy to the commission with your annual return if your income is more than 拢25,000. But you need to send the commission a copy if it asks for it.

Reports for large or company charities

Prepare a full trustees鈥� annual report if either:

• your charity鈥檚 income is above 拢500,000 (or above 拢250,000 if its assets are worth more than 拢3.26 million)
• your charity is a company or CIO

A full report needs to follow the guidelines set out by SORP.

Upload a copy of your trustees鈥� annual report as a PDF file when you send your annual return to the Charity Commission.

Charities鈥� SORP

A statement of recommended practice (SORP) gives a framework for accounting and reporting, designed to:

• help charity trustees meet their legal requirement for their accounts to give a true and fair view
• encourage consistency in accounting standards

For accounting periods beginning on or after 1 January 2016, use the if your charity is preparing accruals accounts unless there鈥檚 a specific SORP for your type of charity, for example:

For one year (accounting periods beginning on or after 1 January 2015), if you are a smaller entity, there is a choice between using either:

• the or
• the

Your charity will count as a smaller entity and can use the if any 2 of the following statements is true:

• its income is less than 拢6.5m
• the value of all its assets is less than 拢3.26m
• it employs no more than 50 staff

Otherwise, you鈥檒l need to use the .

Report on your charity鈥檚 public benefit

Whether you complete a simple or full trustees鈥� annual report, by law you must report how you have carried out your charity鈥檚 purposes for the public benefit.

This helps people, including funders and beneficiaries, to understand why your charity does what it does. If your charity鈥檚 income is less than 拢500,000, you can choose how you report on this. But as a minimum you need to say:

• what your charity鈥檚 charitable purposes are
• what it has done during the year to carry out those purposes
• that you have taken the commission鈥檚 public benefit guidance into account when making any decision it is relevant to

If your charity鈥檚 income is more than 拢500,000 you also need to:

• explain your strategy for meeting its charitable purposes
• list any significant activities you undertook as part of this strategy
• give details of what your charity achieved in carrying out these activities to meet its purposes