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Charity Commission launches class inquiry into charities in serious breach of reporting requirements

The Chief Executive of the Charity Commission, Sam Younger, has announced that charities failing to file annual reports, accounts, and returns for two or more years are to be formally investigated.

Those first under the inquiry’s spotlight will be charities with a last known income exceeding £500,000, and will include charities that have failed to submit either an annual return or a Trustee’s Annual report and accounts. 86 such organisations were identified and warned by the Commission. Of these, 12 remain in default, and they will be named at the Commission’s meeting.

Sam Younger emphasises that numerous reminders and regulatory advice warnings have already been sent to charities in default. These warnings state that failure to comply with reporting requirements will lead to a referral to the police for criminal prosecution, unless trustees can show that all reasonable steps towards compliance have been taken.

Advice on compliance with statutory reporting and accounting requirements can be found on the Charity Commisssion website.

 

 

Date: 27th September, 2013
Author: Louise Giles

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