Interest expenses (large charities; reporting)
Interest expenses include interest paid by a charity on any money it has borrowed (e.g. interest on bank overdraft or mortgage) as well as any interest accrued during the year’s reporting period that has not yet been paid.
Integrity, honesty and unbiased assessment are at the core of Giving Guide’s mission. The charity sector is important to the economy and culture of Australia, We believe independently assessing the accountability, transparency and effectiveness of the sector beyond what is currently available is important to it's future.
Giving Guide anticipates enhancing the level of governance and transparency in the Australian charity sector. An independent charity advisor would benefit the sector by helping charities consider exceeding the existing governance standards of the Australian Charities and Not-for-profits Commission (ACNC) to the benefit of donors.