The commission said there were just a few weeks to go for charities to submit their 2001 accounts, annual returns and annual reports.
Charities with annual income and expenditure that exceeds £10,000 are compelled by law to submit these documents within 10 months of the end of their financial year.
Most charities should already have sent their 2001 accounts; those whose financial year-end was 31 December 2001 have until 31 October 2002 to meet the deadline.
The commission said failure to submit on time was a ‘serious matter’ regarded as evidence of poor management, which could result in formal inquiry action. A number of trustees have been prosecuted for persistently failing to submit their documents on time.
Charity Commission director of operations, Simon Gillespie, said:
‘Submission of accounts is a vital element in maintaining public confidence – not just for individual charities but for the sector as a whole. So this week, we’re urging charities not to get behind with their paperwork.
‘The Commission takes a robust line on non-compliance. Defaulting charities can expect to find themselves listed on our web site as not having submitted their returns on time.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned