Regulator’s report finds charities are making basic errors in their annual reporting.
A report published today by the Charity Commission suggests that many charities may be incorrectly overstating their governance costs in their public annual returns or their accounts.
The regulator identified 76 charities with an annual income of over £500,000 that appeared to have high governance costs according to their returns. The regulator defined this for the purpose of the review as reported governance costs of more than 20% of their total expenditure. (See Notes to editors).