Charity Annual Returns and the "Qualified" Accounts Question
It's an easy mistake to make and you wouldn't be alone, West Yorkshire Community Accounting Serivce (WYCAS) has identified a number of charities that have ticked the box on their Charity Commission annual return saying accounts are "qualified" when they're not.
You might think "qualified" is a good thing, that it means that the accounts have been prepared by someone who was qualified but actually...
"Qualified" accounts means that there are problems with the accounts - don't tick the box by mistake!
To help raise awareness and help you report correctly, this short, simple guidance on qualified accounts has been produced.
File on time
If your registered charity's financial year ends on 31 March 2016 then the deadline for submitting the charity's accounts/ annual return to the Charity Commission is 31 January 2016.