About the Awards

An annual report describes an organization’s program activities and financial performance for the previous year. Annual Reports are beginning to be accepted by voluntary organizations as a means to promote high standards of public disclosure, which enhance credibility. Clearly to do this, reports have to be interesting to read; describe achievements against activities; disclose administrative, legal and governance matters; and accounting information in an understandable format, which draws on the very best of accounting practices.


The objective of reporting for an organisation is to provide more transparent, reliable and relevant information to various stakeholders. One of the sources through which a non profit organisation can easily disseminate such information is through their annual reports. The non- profit organisations prepare their annual reports providing the details about their various activities. Since the NGO s deal in public funds, ideally an annual report should inform the public by providing information about an NGOs sources of funding, uses of funds, and program accomplishments.


As an effort to promote this transparency and accountability within the sector and promote better standards in financial reporting as well as preparation and presentation of annual report, CSO Partners award for “Outstanding Annual Reporting Award” has been instituted by Financial Management Service Foundation (FMSF), Spatial Access Advertising Consultancy (SAAC) & Credibility Alliance (CA)

These awards will be given on an annual basis. The award will promote Annual Reports which are interesting to read; and reflect good practices.


The Awards seek to:

Recognize and promote the good standards & practices in the non profit organizations in the area of resource management, public distribution, accountability and transparency in annual reporting to their stakeholders.
Promote the overall credibility of the non-profit sector for long term sustainability.
Encourage healthy debate in the areas of better reporting practices
Recognize and celebrate excellence in the non-profit sector.
Create examples and inspire for other non-profit organisations to follow higher standards as well as to promote cross-regional learning.