However if charities find they cannot meet their reporting deadline they should contact the Commission as soon as possible via email to email@example.com to keep them updated on your situation. You will not receive an acknowledgement to this email but your correspondence will be noted for their records.
During the current COVID-19 emergency, charity trustees are having to cope with serious financial challenges that will have a major effect on their charities and those who depend on them. Many charities are facing the double challenge of a sudden fall in income with an increase in demand for their services. The Charity Commission has prepared guidance for charity trustees, especially of smaller charities, who may not have access to professional financial advice.
The guidance sets out some practical steps charity trustees can take to manage their charity through these financial difficulties and, if necessary, plan for the uncomfortable possibility that your charity may not survive this crisis. In the guidance you will find information on:
- assessing your charity’s current financial situation
- identifying when your charity is at risk of running out of funds
- developing a recovery plan
- charity trustee liability
- what to do if your charity cannot continue to operate because of the impact of COVID-19