Not sure if the forum is still live. Anyway: I’m wondering whether any of you have ever tried to validate the data in 360DG by comparing it to annual accounts?
I have tried this for 10 organisations, and apart from some discrepancies which I could resolve (for two organisations). The differences are wildly different.
Reasons for differences could fit into one of 3 scenarios:
Category 1: My comparisons are nonsense;
Category 2: My comparisons are not nonsense, the differences are real and the reasons for these differences are legitimate (meaning that the 360DG data is accurate/complete and the accounts are not materially mis-stated).
Category 3: My comparisons are not nonsense, the differences are real and either that the 360DG data is inaccurate/incomplete and/or the accounts are mis-stated (although whether materially so remains to be seen).
I’ve already identified one howling example that falls into Category 3. This was a grant of >£10m (payable over a few years), which is not in 360DG (anywhere!) but which is listed in the organisation’s accounts explicitly (since it was greater than their disclosure threshold of £5m). This grant was the reason I started on this “What about all the others?” adventure.
I’m in two minds whether some Category 2 differences are legitimate (e.g. missing out grants made to a single overseas territory when your main destination is the UK). But in other cases I think missing stuff out is not legitimate (e.g. including revenue grants but not capital grants).
I am, of course, not in a position to comment on the validity of Category 1 differences!!!
Any comments, welcome.