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Charities Online Accounts Awards

Charitable organisations across the UK have just one month left to enter the Charities' Online Accounts Awards - Sponsored by the Institute of Chartered Accountants and CAF (Charities Aid Foundation) - and win £5,000...

Charitable organisations across the UK have just one month left to enter the Charities' Online Accounts Awards and win £5,000...

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Sponsored by the Institute of Chartered Accountants and CAF (Charities Aid Foundation), the competition is designed to reward best practice in online accounting and to raise the standard of web-based annual reports.

The awards encourage more charities to provide their financial information online and recognise harities committed to using the web to achieve greater financial transparency. In publishing financial information online charities are better placed to communicate directly and effectively with beneficiaries, donors and stakeholders.

Robin Fieth, Director of Finance at the Institute and one of the judges on the panel, said: "The Charities' Online Awards are an invaluable opportunity to recognise the importance of providing financial information online and to reward those charities which use the internet to create effective and direct communication between organisation and audience. We are inviting charities to enter the Awards so that they can receive the recognition they deserve."

Online accounts support transparency of charities

One of the winning charities last year was Winchester Hospital Radio. Nigel Dallard, Treasurer, commented on the importance of the Awards: "Winning this award has given us the opportunity to showcase our online reporting and the work of the charity. The Charity Commission's website now provides a link to our accounts which are featured as a model set.

"We see publishing our reports online as the most effective way of making our accounts visible and available to the public, and took the opportunity to place them online in 2000 when our website was introduced. Online reporting enables our supporters to see the importance of their funding and the difference this makes."

The size of the charity doesn't matter because entries fall into one of four different income categories: above £2 million, between £500,000 - £2 million, between £100,000 - £500,000 and below £100,000. The Awards will be presented in December.

The competition is free and entry takes only five minutes. Entries close on July 17 so to find out more or to enter visit www.cafonline.org/onlineawards or email events@cafonline.org

About The Institute of Chartered Accountants:
The Institute of Chartered Accountants in England & Wales is the largest professional accountancy body in Europe, with over 127,000 members. Three thousand new members qualify each year. The prestigious qualification offered by the Institute is recognized around the world and allows members to call themselves Chartered Accountants and to use the designatory letters ACA or FCA. The Institute operates under a Royal Charter, working in the public interest. Its primary objectives are to educate and train chartered accountants, to maintain high standards for professional conduct among members, to provide services to its members and students, and to advance the theory and practice of accountancy. www.icaew.co.uk

About CAF:
Established in 1974, CAF is the not-for-profit organisation which is committed to effective giving, both in the UK and internationally. Its work spans the full breadth of the charitable sector, wherever it can make a positive difference to the level and impact of giving. CAF promotes effective giving. For individuals, it makes donating to the causes they care about simple and tax efficient. For businesses, it can support every aspect of their community involvement. And for charities, its services can help them make the most of what is given. www.cafonline.org