The annual ICAEW Charities Online Financial Reporting and Accounts Awards (COFRA) are open to charities registered in the UK which prepare their accounts in line with the charities' SORP or other Charity Commission or OCSR guidance for small charities.
The next awards will be taking place in 2015 so please check this page regularly for information.
If you have any immediate questions please email us.
The awards aim to:
The awards took place on Monday 24 June at Chartered Accountants’ Hall which celebrated the charities that demonstrated excellence and innovation in online financial reporting.
The Awards are designed to encourage charities to make the presentation of financial reporting attractive and accessible to beneficiaries, donors and other stakeholders in the charity. These awards are aimed at recognising best practice in statutory accounts and other types of financial reports, including annual reviews and impact reporting, if available. Winning this award can also help charities to stand out from the crowd.
There are five categories of Awards, based on total income:
To nominate a charity, please email the following details to email@example.com:
Technical screeners will check and mark the statutory accounts for compliance with the current Charities’ SORP (Statement of Recommended Practice) for best practice. Any non-compliant statutory accounts will be disqualified. The highest scoring charities, those which best comply with the methods and principles of the current Charities' SORP (Statement of Recommended Practice), will go through to the second stage.
Our judges will then examine the shortlisted statutory accounts and other financial reports such as impact reports and annual reviews against a range of online reporting criteria:
Are the statutory accounts and other financial reports easy to find? Can they be found within three clicks from the homepage, even if through a search facility or a site-map?
Are your charity's public benefit aims clearly stated? Do your statutory accounts and financial reports tell an interesting story, to draw your supporters into your work? Are the objectives of your charity clear?
Is there a good balance of design, content and functionality? Do your accounts and reports link to other relevant areas of the website for further insights to deepen the visitor's understanding of your charity?
Is it easy to read and protected from unauthorised amendment? Is the financial information made more accessible by using an appropriate mixture of HTMLs and PDFs to improve navigation? Have graphs and pictures, video-clips and other visual/aural accessories been used to improve accessibility?
Is it easy to find and appreciate your charity's achievements and the impact they are making in relation to the year's objectives and use of resources? Does your financial reporting focus on activities and outcomes rather than just how much work has been done?
Winners and runners up will received prize money for their charity, a winners or runners up seal for their website and free annual subscription to ICAEW's Charity and Voluntary Sector Group.
All charities shortlisted for the Awards were given free places to attend the evening with their key stakeholders.
Here are a few hints and tips to make your annual accounts and other financial reports stand out from the crowd!
The winners and runners up for this year’s awards are listed below in their subsequent categories
Charities with income less than £250K
Charities with income from £250k to £1m
Charities with income from £1m to 5m
Charities with income between £5m to £30m
Charities with income over £30m
The awards ceremony recognises charities which have demonstrated excellence and innovation in online financial reporting.
The awards are designed to encourage charities to make their websites and reports and accounts more attractive and accessible to beneficiaries, donors and stakeholders. Winning this award can also help charities to stand out from the crowd. Congratulations to all of our winners and runners up this year.
> 2013 winners press release
If you would like further information on these awards, please contact firstname.lastname@example.org