I am the Company secretary and a Trustee of a company limited by guarantee (a registered charity)which provides services to the deaf, deafened and hard of hearing. Many of our members are BSL users and find our abridged financial statements far too complicated.
Can anyone guide us to the rules for providing summary information only. Can this be in purely pictorial form? Our intention is to dispose of as much text as possible.
Paul H Hanmer
Replies (2)
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Why instead, why not as well?
What I mean is, there are rules about the amount of information that must be published in your financial statements. However, I'm not aware that there is any prohibition on supplementary material, and this is not bound by the rules. Many organisations publish their info on the 'net, and this does not have to conform to the rules for the annual reports. (You may recall there was some fuss about investors relying on this).
So long as you take reasonable steps to produce the full information in an accessible form, and ensure you don't deny this to any of your stakeholders, how can you be critisised?