We understand for some trustees demystifying the terminology used by the Charity Commission can be confusing.
When submitting your accounts the Charity Commission refers to accounts, annual reports and auditors report. Where we prepare your accounts these are all within the one document, your financial statements. So there is no need to file more than one document.
Other issues identified when filing is the difference between a qualified and unqualified audit reports. To determine which is which, the unqualified report means that the auditors found no material errors in your accounts and the first paragraph of the auditor’s report will state the opinion. If the charity’s audit is qualified your auditor will have explained the implications of this to you and the qualification will be denoted in the first paragraph of the auditor’s report by the heading “Qualified Opinion”.
If you are unsure of any other terminology when filing your charity’s accounts please do not hesitate to contact a member of our charities team.