Our Financial Year ended yesterday at midnight and, as part of our commitment to efficiency, our annual accounts have been generated and are available to view on our Easier-to-understand accounts page.
We are able to show our pre-audit numbers within a few hours of the end of our financial year as we have now completed the automation of our financial systems which brings a number of benefits:
- Accurate management information - On any aspect of our finances at any time
- Improved transparency - For management, governance and audit purposes
- Improved efficiency - Minimal administrative input to prepare the accounts at year end (data is entered most working days during the year)
- Swift production of our annual accounts - Within 24 hrs of FY end i.e. once the closing balances on our accounts are known the next day
- Assisting our auditors - Swift availability of our draft annual accounts to give our auditors maximum flexibility in scheduling their work
- Keeping stakeholders up to date – Providing donors, trustees and other stakeholders with timely information on our financial status and performance
A further benefit is we now have real-time financials in our ‘Easier-to-Understand’ section of our financial information.