ALVA Foundation

NGO Audit /annual Report

Audits are established as public trusts under trust laws or as files formed under the Societies Registration Act or as companies ed under of the Companies Act 1956.

All these Acts applicable to an entity based on its constitution. Further, the act itself requires the NGO receiving a foreign contribution to get books of account audited by chartered accountants. Under the Incorporation Law in India depending on its form or mode of registration has its accounts Service Activation

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audited under the respective incorporation law or Act Audit under the Societies Act Trust Act or Companies 1956 it under Income Tax Act from the requirement of audit under the incorporation law Income Tax Act 1961 also provides for a compulsory audit under section 12A(b) Under the Income-tax law audit becomes necessary where the total income of an organization exceeds the maximum amount which is not chargeable to Income Tax in any previous year. The accounts of an organization have to be compulsorily audited as required under section 12A(b) of the Act.

NGOs (non-governmental organizations) also publish annual reports. The report details all aspects of the NGOs dealings for the past year.

This brief guide will try to explain the meaning of an NGO’s annual report, along with its objectives, purpose, and best practises when preparing the report.

For the best results, it is imperative to hire an award-winning annual report design agency. The agency adopts visual storytelling ideas to transform a dull annual report into a strong piece of brand communication. Let’s get right into the intricacies of an NGO annual report.

What is the meaning of an NGO annual report?

Non-profit annual reports are an in-depth and comprehensive reporting of an NGO’s activities. It outlines an NGO’s accomplishments. An audited annual accounts section is also added to the report. The report also acts as a marketing tool.

The sections and contents within an NGO annual report slightly differ from a corporate annual report. The sections within an NGO annual report include:

An introductory message by the President of the NGO (or a leading authority)

List of governing body members

NGO organizational chart & governance structure

List of projects and activities conducted

Achievements of the NGO

NGO case studies, with NGO success stories

An audited NGO accounts summary