Okay, so you've got to do an Annual Report. But guess what? It's more than just ticking boxes. Let's make it work for you.
According to guidelines (like the SORP for charities, which is also a good fit for social enterprises), your report should chat about:
And don’t forget:
Goals and To-Dos: Share your game plan. What have you started? What’s coming up next?
All About the Wins: Brag a little! Share success stories, cool stats, and the difference you made.
Keeping Trustees and Management in the Loop: Honesty’s the best policy. Share the good, the bad, and the "whoops" moments. And keep it simple – no one likes jargon.
The key is:
Talking to Money People: When you’re chatting with potential investors, sprinkle in:
Risk Chat: Show you've got everything under control. Have a plan, and make sure money's used wisely.
Money Reserves: Be clear about your savings. Too little and it looks risky. Too much and people wonder why you need more. Just explain your reasons.
Engaging Everyone Else: Make it snazzy with pictures, success tales, and fun facts. And keep it easy to get and read.
Also, think about adding:
Public Benefit: Give a shout out to how you're making the world better. Share the big and small impacts.
Remember, research can be your friend. Like this one from the Charity Commission in Northern Ireland. [link]
Handling Risks: It's not about listing every single risk. It's about the big ones and how you're handling them.
In a nutshell, jazz up your Annual Report. Go beyond the basics, tell your story, and show everyone the awesome impact of social enterprises in the UK.
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