This project examined how to improve the understanding, accessibility and value of the Trustees Annual Report (TAR) and accounts for smaller charities prepared under the current SORP, whilst also considering how the burden of the existing requirements could be reduced.

We delivered a three-stage study involving a comprehensive literature review and sampling of small charities’ annual accounts (1); surveying a representative sample of small charities, and accountants and independent examiners (2); and convening focus groups of representatives of small charities (3), leading to a final report.