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Top charities unsatisfactory - transparency study.

Publication: M2 Presswire
Publication Date: 30-JUN-04
Format: Online - approximately 906 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 June 2004-UK Government: Top charities unsatisfactory - transparency study(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:06302004

Too many of the country's best-known charities are not properly explaining their activities and expenditure in their annual reports and accounts concludes a watchdog report published today.

The Charity Commission study, Transparency and Accountability, examines the 2003 annual reports and accounts of 200 of the largest charities in England and Wales. All charities in the report had an expenditure of GBP10m or more per year making a combined annual expenditure of GBP7bn. This represents one fifth of the sector's total outgoings.

Key findings of the report include:

* while nearly two thirds of the sample (126 of the 200) explained their achievements in good detail that was easy to find, the remaining third 'sold themselves short' - including 13 who...

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