Introduction to Annual Accounts

An online broadcast 60 minute session, with 15 minutes of Q and A at the end.

In this session designed specifically for small charities wanting to explore annual accounts and independent examinations.

We will explore when we need to prepare receipts and payments accounts and when we need to prepare accruals accounts - and the main differences between the two, we will introduce the Charities SORP and some very useful Charity Commission templates and we’ll also discuss what to look for when selecting an independent examiner. Perfect for those looking to gain a solid understanding of year-end financial reporting.

What we'll cover

• The difference between receipts and payments accounts and accruals accounts
• An introduction to Charity SORP and the Charity Commission templates
• Key considerations when choosing an independent examiner
• Top tips and common pitfalls to avoid

Learning Outcomes
 

• Understand what financial information Trustees need to prepare at year-end
• Be familiar with what charity accounts look like and know what to look for
• Know where to find Charity Commission example accounts, templates and guidance
• Understand what is involved in an independent examination and review what to consider when appointing an independent examiner