Charity Late Filing Trends: The Charity Commission has launched an inquiry into PIETY, a charity that works to advance the faith of Islam in Plymouth and the counties of Devon and Cornwall. This investigation stems from the charity’s persistent failure to comply with statutory reporting requirements, despite significant regulatory engagement.
Background of the Investigation
The Charity Commission’s engagement with PIETY began in 2014, when the charity repeatedly failed to submit its annual documents on time. This is not the first time PIETY has faced regulatory issues; the charity has been placed in the Commission’s ‘double defaulter’ inquiry on two separate occasions. This designation is reserved for charities that have failed to file their annual documents for two or more years in the last five years.
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Scope of the Inquiry
The inquiry will examine several key areas, including:
– Trustees’ Compliance with Legal Obligations: The Commission will investigate whether the trustees are complying with their legal duties regarding the content, preparation, and filing of the charity’s accounts and annual returns.
-Adherence to Regulatory Guidance: The inquiry will assess the extent to which the trustees have complied with previously issued regulatory guidance, ensuring they have taken necessary steps to rectify past issues.
– Misconduct and/or Mismanagement: The Commission will identify if there has been any misconduct and/or mismanagement in the administration of the charity, which may have contributed to the persistent non-compliance.
Potential Expansion of the Inquiry
The scope of the inquiry may be extended if additional regulatory issues emerge during the Commission’s investigation. This ensures that the inquiry can adapt to new information and address any further concerns that may arise.
The Charity Commission’s investigation aims to ensure that PIETY’s trustees are fulfilling their legal duties and managing the charity effectively. The outcome of the inquiry will determine the next steps for the charity and its trustees.
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