Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Charities challenged to take lead on accountability.

Document Cited in Related
Vincent
PositionFIRST IN ... - Brief article

Major charities should set a better example of financial accountability, according to Andrew Hind, chief executive of the Charity Commission, who told a recent CIMA conference that a quarter of the UK's higher-income charities were failing to submit their accounts and annual returns on time.

Hind pointed out that this was in breach of charity law and left 6bn [pounds sterling] of charitable funds unaccounted for. "In a world where it's in everyone's interest to build public confidence and raise standards of transparency, we are not very far off first base," he said. "It needs more urgency, particularly among the leading charities, which I would like to see setting a better example."

According the Hind, 11 of the top 100 charities fail to meet their reporting commitments on time. Of those that manage to file on time, half take eight months or more. The...

To continue reading

Request your trial
COPYRIGHT TV Trade Media, Inc.
COPYRIGHT GALE, Cengage Learning. All rights reserved.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT