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Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: That is in most cases.

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: With regard to compliance, organisations must submit an annual report, which is very basic information.

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: Will that change under amending legislation?

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: I notice in the detailed report supplied to the committee that there is a high rate of return of the annual reports but they are late. There is a significant problem with late returns.

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: What are the figures for this? What are the penalties?

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: The report indicates that a significant number of charities continue to file their annual reports late despite the fact that under a section of the Bill, they are required to file on time. What are the percentages?

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: Lovely.

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: Very good. There has been a great improvement.

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: It is an offence to file them late.

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: Has it gone that far with any organisation?

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: It is not necessary.

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: That is fine. I have a couple of quick questions on the accounts. Prepayments come up in many accounts. It is note No. 9. What do those prepayments refer to?

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: Pardon?

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: It is paid in advance.

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: That €286,000 is paid to an IT company in advance.

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: Will the witnesses give a note on how that breaks down? Is the rental payment for equipment or premises?

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: Perhaps we can get a breakdown of that. The rent is €310,773 per year on a ten-year lease.

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: It is paid in advance.

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: That is okay. I can understand the rent for the premises and the organisation is also paying in advance for IT support.

Public Accounts Committee: 2018 Financial Statements of the Charities Regulatory Authority (21 Nov 2019)

Catherine Connolly: Accordingly, there was a significant risk there. The regulator was paying in advance for a service that it had not got.

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