A youth homelessness charity has become the fifth organisation to be removed from the Charity Commission’s class inquiry into 'double defaulters' after it filed its overdue accounts.
The Bridge (Oxford), which provides temporary emergency accommodation for homeless people aged between 16 and 25, was removed from the commission’s inquiry after it filed missing accounts for 2010/11 and annual returns for the years 2008/09 to 2011/12 on 7 October.
Its annual return for 2008/09 was filed 1,345 days late.
The information provided by the charity show that it had an income of £255 in 2011/12 but spent £59,744. Its income had fallen dramatically from 2008/09, when it was £947,699.
Full accounts for 2011/12 are not due because the charity’s income was below the £10,000 threshold.
The commission last month opened a 'class inquiry' into 12 charities with last-known annual incomes of £500,000 or more that had failed to file annual documents for two or more of the past five years.
Earlier this month the commission removed from the inquiry three charities that shared Bournemouth Council as a corporate trustee after they filed their missing accounts.
The Grace Church Christian Centre in Hereford was removed from the inquiry after it filed its missing documents on 26 September.
A spokeswoman for the commission said The Bridge (Oxford) ceased to be part of the inquiry because it was no longer in default of its accounting obligations.
"This happened on 7 October 2013, when the charity filed the last missing documents and it was established that the charity did not meet the income threshold to require the submission of annual accounts and reports for the financial year ending 30 September 2012," she said.