Finance
Trustees annual report
Formal definition
The Trustees Annual Report (TAR) is a mandatory document that accompanies a charity’s financial accounts, explaining the charity’s purpose, activities, and achievements over the year.
What this actually means for you
It is your primary opportunity to tell your story to supporters and regulators, justifying how you used your resources to achieve your mission. In practice, this is how trustees annual report should be applied in your charity.
Example: The CEO and trustees collaborate to draft a report that highlights impact metrics, safeguarding governance, and future plans alongside the financial data. This example shows trustees annual report in day-to-day use.
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