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Annual Governance and Accountability Return 2021/22 Form 3 To be completed by Local Councils, Internal Drainage Boards and other Smaller Authorities*: where the highest of gross income or gross expenditure
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Collect all relevant financial and governance information.
02
Review the organization's bylaws and governing documents.
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Prepare the financial statements, including balance sheet and income statement.
04
Document any changes in governance structure or leadership.
05
Obtain necessary approvals from the board of directors or governing body.
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Have the financial statements audited or reviewed by an independent auditor.
07
File the annual governance and accountability report with the appropriate regulatory body.

Who needs annual governance and accountability?

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Nonprofit organizations
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Charities
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Social enterprises
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Government entities receiving public funds
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Annual governance and accountability refers to the process in which organizations or entities report on their financial and operational activities to ensure transparency and compliance with regulations.
Non-profit organizations, charities, and certain other entities are typically required to file annual governance and accountability reports.
Annual governance and accountability reports are typically filled out using specific templates provided by regulatory bodies. Organizations must accurately report on their financial activities and governance structure.
The purpose of annual governance and accountability is to provide stakeholders with visibility into an organization's financial health, compliance with regulations, and governance practices.
Information typically reported on annual governance and accountability includes financial statements, board of directors information, governance structure, and compliance with regulations.
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