HOUSING bosses are facing action from the charity regulator as they are overdue with their accounts

Maryhill Housing Association “failed to provide information on its finances” as it must do each year to the Office of the Scottish Charity Regulator.

The Office of the Scottish Charity Regulator has posted notice on its website the accounts were not submitted within the required nine months.

It is now more than 30 days over and above the nine-month deadline

OSCR’S website has named the Association which has homes in Ruchill and Maryhill and reminded it that it will use its legal powers to “pursue defaulting charities”.

It is understood the failure to submit the accounts to OSCR means Maryhill must also inform the other Regulator which governs the conduct of housing associations, the Scottish Housing Regulator.

Most housing associations have charitable status given the good work they do in communities and because of their key role in providing housing.

The notice posted on Maryhill Housing Association’s entry page on the Regulator’s website says: “Overdue: This charity failed to provide information on is finances within 9 months of its financial year end date.

“Where the number of “document days overdue” exceeds 75 the charity is classed as defaulting.

“We actively pursue defaulting charities using our powers under the Charities and Trustee Investment (Scotland) Act 2005.”

The announcement on the charity regulator’s website also reveals that in 2017 the Association’s expenditure outstripped its income by more than a million pounds.

The Association’s income was £13.4 million while expenditure was £14.6 million.

Because the most recent figures are not listed it is not possible to see what the current financial situation is.

Maryhill is an award winning housing association with more than 3000 homes in the north west of the city and is a community based association and registered as a charitable organisation.

It has a Community Improvement Fund which is administered with input from local people.

A spokeswoman for Maryhill Housing Association said the delay was due to an “administrative oversight” and said now it has come to their attention “it is being rectified.”