Finance
SOFA
Formal definition
SOFA refers to the Statement of Financial Activities, a key financial statement in UK charity accounts that shows all income and expenditure for the reporting period.
What this actually means for you
It provides a complete picture of your charity’s incoming resources and how they were applied, including whether they are restricted, unrestricted, or endowment funds. In practice, this is how sofa should be applied in your charity.
Example: Your finance team prepares the SOFA to show donors and the Charity Commission exactly how much was raised through fundraising versus grants, and how much was spent on frontline services.
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