The Charity Commission has issued a statement highlighting the fact that larger charities are making basic errors in their reports.
188 charities were reviewed, but only 57 per cent had an explanation as to why their expenditure was so low. The rest, however, had made errors, although the Commission found no evidence of misconduct.
Michelle Russell, director of investigations for the Charity Commission, said: “We are concerned that so many charities are making basic errors in their annual reporting.
“Aside from being a regulatory concern and undermining public trust in charities and the information they provide about their work and finances, it is likely to impact on how they are perceived by donors and potential supporters.”
The charities that made errors have been asked to resubmit accounts for the years in question.
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