(1) Annual Report Award
There are three stages in the selection of the category winners for the Annual Report Award.
Stage 1: Screening of entries
All entries received within the entry cut-off date are assessed and scored by a panel of assessors who review and score the annual reports using a customised score sheet. There are six areas that are assessed and marked. These are;
- Mission, Purpose, Objectives & Values (20 points);
- Strategy & Performance (40 points);
- Outputs, Outcomes & Impact (40 points);
- Funding (40 points);
- Governance (160 points) and
- Financial Reporting (100 points)
The assessors use only the submitted document(s) when scoring the entries. Nonprofits that produce separate annual reports and financial statements should submit both documents otherwise, they risk losing marks for areas not addressed in the single document.
Based on the marks awarded by the assessors, a long list for each entry category is developed and these entries move the next stage of the process. Entries for those organisations who are not included in the log list will be informed that their entry has not been successful in advancing to the next stage of the process.
Stage 2: Technical Assessment
A panel of accounting firms will assess the financial statements component of the annual reports to examine their compliance with relevant accounting standards and company law (where applicable).
Based on the technical assessments and the scores allocated in Stage 1 the shortlisted entries are determined and sent to the final stage. Those long listed entries that do not make the long list are informed.
Stage 3: Judging
A team of 3 judges are allocated to each of the five entry categories and they will judge each of the shortlisted entries in their category and will select an overall winner. The judges will review, assess and score the annual reports on the same six areas used in Stage 1 but the focus of the assessment in this stage is on the quality, clarity and consistency of the story being told in the annual report. The judges will also use the scores and commentaries from Stage 1 and the technical assessments in Stage 2 in their deliberations to select the overall winner for each category.
(2) Governance Improvement Initiative Award
The entries are screened to see that they meet the entry requirements, shortlisted and assessed by our panel judges for the Governance Improvement Initiative Award.
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