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Is it best to show our income over the whole year or as it comes in? (Anonymous post 🤫)
Ocean King Staff Senior Community Executive at CharityConnect Posted 14 days ago
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This question is from a member of our community that wishes to remain anonymous:
We are a charity that follows SORP for the annual accounts. This year, for the purposes of quarterly management accounts for Trustees, we spread any income for the whole year equally across each quarter.Â
Last year we only showed it when it came in, rather than spreading it across each quarter. It's easier to do the latter in terms of time but what is everyone's view in terms of what is best?
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