Charitable organisations across the UK have just one month left to enter the new Charities’ Online Accounts Awards and win £2,000.
Sponsored by CAF (Charities Aid Foundation) and the Institute of Chartered Accountants in England & Wales (ICAEW), the competition is designed to reward best practice in accounting, raise the standard of Web based annual reports and encourage more charities to provide their financial information
Neil Jones, CAF’s Director of Communications and competition judge said: “This is the first year that charities have been asked to submit their online accounts and the response has been very pleasing.”
A prize of £2,000 will be awarded to the winning charity in one of four income categories; above £2 million, between £500,000 and £2 million, between £100,000 and £500,000 and under £100,000. Successful entrants will also receive a pass to attend one of CAF’s charity events and a winner’s
seal for their Web site, while runners-up will each receive a certificate of
excellence from the ICAEW.
Neil Jones added: “We are excited about the number of entries received so far and pleasantly surprised that the smaller charities have nearly as many entries as the largest income category.”
All entries will have to pass through three judging stages. Technical screeners from high profile accountancy firms check that every entry complies with charities accounting practices (SORP). The financial reports with the highest marks for accuracy will then be assessed on their usability
on the Web by a panel of judges specialising in finance, new media and communications. UK Fundraising’s Howard Lake is one of the judges. Finally, the judges collectively decide on the shortlist of up to three charities in each category.
All entries must be in by 27 June 2003 to have a chance of winning £2,000. The winners will be announced at the Awards ceremony on 28 November 2003 at Chartered Accountants Hall, Moorgate, London.