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19 August 2020 at 3:07 pm

Prefer assets and funds analysis as much clearer for readers and trustees to understand. I think there needs to be a rethink of the funds though and the level of detail and income recognition. I almost had a client made the management team redundant because they did not understand restricted funds – pror year had income, current year expenditure and they did not understand. Fortunately they had just become a client and we were able to explain, but does mean that many smaller organisations may not understand their financial statements

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