Not at all; they’re unique to each other.
In their most basic form, you probably already know that annual accounts consist of an income and expenditure account and a balance sheet for a particular year (with notes). The annual report of the charity’s trustees is typically included in the front of such documents. This report provides a synopsis of the organisation’s mission, activities, and future goals.
The annual accounts and the trustees’ annual reports are usually combined into a single document.
However, most charitable organisations are required by law to submit an annual return detailing any changes to the organisation’s trustees, purposes, etc.