Charities whose financial years end in March have only nine days left, including today, to file their accounts, the Charity Commission has warned.
The commission’s deadline for filing accounts that have a March year-end is 31 January, according to a commission statement released today. Charities have ten months to file after the end of their financial year.
Any charity that does not hit the deadline will have its entry in the register ringed by a red border to show potential funders that the charity is late with its accounts.
The commission said that it would not contact large charities to remind them to file – this contrasts with its stance of previous years. The commission said it hoped charities would file their accounts as PDFs online, rather than send in paper copies.
Commission research found that more than a third of charities that were late in filing their annual account information in 2011 had prepared the document in good time, and that 39 per cent of late filers that were companies had filed their accounts on time with Companies House.
"Not knowing how charities spend their money is the top reason people give for not trusting charities," said Sam Younger, chief executive of the commission. "It is a great shame for those that do meet their deadline in good time to be let down by those that don’t. It reflects badly on the whole sector."