Sun Jul 04 2021
Charities only have till the end of September to apply for an extension to file their accounts if they’ve struggles to so far due to COVID pressures
Back in March of 2020, The Charity Commission told UK charities it would “consider” granting extensions to any not-for-organisation that was struggling to file its annual returns under pressures from the COVID pandemic.
Now that coronavirus restrictions are easing, the regulator has reviewed that approach and published updated guidelines for charities needing to file an extension.
They’ve confirmed they’ll be contacting all charities that had a filing extension in place before the 30th June to confirm they’ll now need to meet their filing commitments by the 30th September.
According to the Charity Commission’s figures 3,500 NonProfits currently have filing extensions in place.
Up until the 30th September, any charity that is otherwise compliant with the imminent filing date but feels wont be able to make their commitment do to a COVID related reason would be allowed to apply for a new filing extension. A fixed three-month extension is what has been confirmed would be allowed.
Other minor changes had also been published in the new guidelines that revolved around advice on charitable meetings and insolvency provisions to help nonprofit organisations.
THE UK charity regulator has confirmed they’ll be monitoring the situation closely and would continue to review and update guidance to ensure trustees could best run their charities as lockdown restrictions began to lift.
We’ve taken a flexible and supportive approach to regulation during the pandemic and have granted filing extensions where requested in most cases to support charities during this challenging time. As we move forward, it’s right that we adapt our guidance to ensure that charities are gradually returning to meeting their normal filing requirements and are demonstrating the level of transparency that the public expects via their accounts.
Sun Jul 04 2021