What is an Online Financial Summary (OFS)?
The Online Financial Summary (OFS) serves as a summary of the charity’s key financial information posted on the Charity Portal for public viewing. It is submitted as part of the charities' submission of Annual Reports (including financial statements and the appropriate Governance Evaluation Checklist) within 6 months from the end of each financial year of a charity. The OFS should be approved by the governing board members of a charity prior to submission to the Commissioner of Charities via the Charity Portal. Completing the OFS is part of the Office of the Commissioner of Charities’ on-going efforts to help charities improve their accountability and transparency and to enhance public confidence in the charity sector.