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CS Professional · CSR and Social Governance · Financial and Non-financial Reporting of Different Non-Corporate Entities

Lok Kalyan Trust, a public charitable trust, wants to improve transparency to donors. Its trustees propose to publish an annual report with audited financial statements and a narrative on programme outcomes. Which feature of this proposal is a non-financial disclosure?

The narrative on programme outcomes and beneficiaries reached is the non-financial disclosure. The receipts and payments account, income and expenditure account and balance sheet are financial statements, whereas outcome reporting describes social performance and impact for donors and other stakeholders.

  1. AThe receipts and payments account
  2. BThe narrative on programme outcomes and beneficiaries reachedCorrect
  3. CThe balance sheet showing corpus fund
  4. DThe income and expenditure account

Explanation

Receipts and payments account, balance sheet and income and expenditure account are all financial statements. Programme outcomes and beneficiaries reached describe performance and impact, which is non-financial reporting.

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