Accounts for BSL users

Accounts for BSL users

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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

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By AnonymousUser
15th Jul 2002 12:06

It has to be 'instead' rather than 'as well'
The very problem with our BSL users is that they tend to ignore the bulky accounts and AGM information because of the fact that it is 'information overload'.

My idea is to just send out a brief summary of the accounting highlights in pictorial form. Perhaps a note also that 'a copy of the full accounts is available on request'.

This would have to be done for all shareholders, though.

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By neileg
10th Jul 2002 08:36

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?

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