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Part 1 - Four questions (50 marks) Based on your review of the Eye Foundation (a fictional charity) annual report and financial statements for the
Part 1 - Four questions (50 marks) Based on your review of the Eye Foundation (a fictional charity) annual report and financial statements for the period ended 31 March 2020, please answer the following questions: a) Using your knowledge of the latest SORP (FRS 102), review the Trustees' Annual Report (TAR) and identify four areas where reporting is fully in line with the SORP's requirements. Also identify four areas where the TAR fails to meet the SORP's requirements. Marks will be given to answers focusing on those aspects of reporting which are most important to a reader of the TAR, marks will not be awarded for those that are not important or trivial. (8 marks) Part 1 - Four questions (50 marks) Based on your review of the Eye Foundation (a fictional charity) annual report and financial statements for the period ended 31 March 2020, please answer the following questions: a) Using your knowledge of the latest SORP (FRS 102), review the Trustees' Annual Report (TAR) and identify four areas where reporting is fully in line with the SORP's requirements. Also identify four areas where the TAR fails to meet the SORP's requirements. Marks will be given to answers focusing on those aspects of reporting which are most important to a reader of the TAR, marks will not be awarded for those that are not important or trivial. (8 marks)
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