# CFDG launches project to improve charity reporting

- Link: https://fundraising.co.uk/2003/05/06/cfdg-launches-project-improve-charity-reporting/
- Published: 2003-05-06T23:00:00+01:00
- Author: Howard Lake

The Charity Finance Directors’ Group (CFDG) has set out a new initiative to improve
the consistency of charity annual reports. 
The project is expected to play a vital
part in improving the quality and consistency of charity annual reports and as such,
will help charities move on to more accurate output and outcome measures. The new
work has been funded by the LloydsTSB Foundation.

CFDG plan to develop input work on:

 * Support Costs and Management and Administration Costs
 * Fundraising costs
 * Valuing of volunteers

Working Groups will be created to consider each of these issues and aid the

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development of a Report, scheduled for publication in September 2003, which

will contain guidance on how input costs should be shown within charity

accounts that are fully SORP compliant. It is anticipated that the Report

will contribute to the next annual SORP review.

Ray Jones, Policy Accountant at the Charity Commission said: “The Charity

Commission welcomes this work as a positive step in the further development

of consistent accounting approaches to input measurement and cost allocation. These
issues underpin financial comparability which are at the core of the SORP’s role
and will provide valuable and informed input into

the next annual review of the SORP.”

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