What are my legal reporting obligations?
If your charity is registered, you are required to report annually to the Commission on your charity’s finances, resources and activities. This is known as “annual reporting” and is a legal requirement. If your charity is on the deemed list and has not yet been registered, you do not have to send information to the Commission (yet).
Through the annual reporting programme registered charities will be required to complete and submit an online annual monitoring return form, attaching the charity’s:
trustees’ annual report
report from independent examiner / auditor, as applicable.What happens if I don't comply with the regulations?
Failure to meet your reporting obligations can have serious consequences for your charity. As recently as 28 February 2017 the Charity Commission published the names of 38 charities in default, that is, they failed to submit their Annual Monitoring Returns.
Once this has happened, your charity risks losing the confidence of the public, it can be harder to get individual donors, and you would find it very difficult to get corporate or government funding once you are identified as being non-compliant.
Furthermore, the Commission has stated it will pass on the the details of those charities who fail to meet their annual reporting obligations to HM Revenue and Customs, which could mean that further action may be taken.