Board financial reporting for charities and NFPs
Directors and committee members need to understand the numbers to make good decisions. We turn your accounts into a short, clear pack and explain it in plain English.
A board pack your directors can actually use
Board financial reporting is the regular pack that shows your Board how the organisation is tracking: income and spending against budget, cash, restricted funds and risks. Our team prepares it for you each month or quarter, and can walk your Board through it. The ACNC says every Responsible Person must be able to read and understand a charity’s financial information, and that information should be presented in a way they understand.
Source: ACNC, Managing charity money: a guide for Responsible People
Who we help
- Treasurers who want to stop building the pack by hand
- CEOs and managers presenting to a Board
- Finance committees that need more detail
- Boards with directors who are not finance experts
What goes into the reporting
We agree the format with you first, so the pack matches how your Board works.
A typical pack
- One-page summary for non-finance directors
- Income and spending against budget, with commentary
- Cash position and a short outlook
Funds and risks
- Grant and restricted fund balances
- Key dates and compliance items coming up
- Issues for the Board to decide or note
Support around the pack
- Presenting or attending Board and committee meetings on request
- Financial literacy sessions for Boards and committees
- Help setting reporting dates and formats
Who this suits
Board reporting support helps most when:
- Reports arrive late, or only at year end
- Directors are unsure what to ask about the numbers
- Your treasurer is a volunteer with limited time
- Several grants or funds need to be reported separately
- You want a consistent format every meeting
The ACNC notes that one way to strengthen oversight is to set up a finance sub-committee that reviews financial reports in more detail. We can prepare packs for a Board, a finance committee or both.
AI efficiency, human expertise, accessible pricing
Smart tools do the repetitive data work. Our people check the numbers and explain what they mean.
AI efficiency
Smart tools handle the repetitive data work, so reporting is faster and your costs stay down.
Human expertise
Our team reviews the numbers, explains them in plain English and answers your questions.
Accessible pricing
You know what is included before we start, with clear scope and no hidden extras.
Agree the pack
We review your current reports and agree what your Board needs to see and when.
Prepare from your records
Our tools pull the numbers from your accounting system, and our team checks and comments on them.
Explain and improve
We walk your Board through the pack, take questions and refine it over time.
Clear scope, accessible pricing
We quote a fixed fee after a short scope call, so you know the cost before we start. The fee depends on how often your Board meets and how many funds you report on.
Board financial reporting questions, answered
What should a board financial report include?
Most packs include a short summary, income and spending against budget, the cash position and outlook, restricted fund and grant balances, and anything the Board needs to decide. We agree the exact contents with you.
How often should a Board see financial reports?
There is no single answer. Many Boards look at reports monthly or quarterly, depending on size, risk and how quickly things change. We help you choose a rhythm that lets you act in time.
Can you present to our Board?
Yes. We can attend Board or committee meetings to explain the pack and answer questions, and we can run financial literacy sessions for directors who want more confidence with the numbers.
Do we need an accounting system for this?
Reporting is faster and more reliable when your records are in a cloud accounting system. If yours are not, we can help you get them there first.
Do you perform external audits?
No. We don’t perform external audits or reviews. We prepare your records and reports so the process runs smoothly, and we can refer you to trusted independent auditors and reviewers.
Give your Board reports it can use
Talk to our team about board-ready financial reporting, or start with the free Charity Health Check.