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one year after a public warning that the largest charities
must improve their track record on financial accountability,
the Charity Commission has reported that the top 100 charities
have met this year’s deadline to submit their accounts
to the regulator.
Charities must file their accounts with the Commission
within ten months of the end of the financial year, but
for the 2005 results more than one in 10 of the largest
100 organisations failed to file with the regulator on time.
The Commission then launched an appeal calling on the top
charities to set an example to the rest.
Charity Commission chief executive Andrew Hind said: “To
have a full house just one year after our campaign to get
the top 100 charities to improve their financial accountability
is a remarkable achievement. I’m really encouraged
by the way these charities have responded to the need for
public accountability – they set a great example for
other charities to follow.”
Keith Hickey, chair of the Charity Finance Directors’
Group, added: “This is good news and as it should
be. It’s important that charity beneficiaries, donors
and other stakeholders have up to date information on the
work and results of charities, and this is just the example
that these charities should be setting.”
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