The Charity Commission has opened a new investigation into Grove Mountain, a charity that provides educational books to the Caribbean.
The watchdog has frozen the charity’s bank accounts after a third party raised concerns regarding the charity’s finances. The Commission examined the charity and found the majority of its income for the year ending 1 April 2016 was withdrawn in cash.
UK charity regulators are pushing auditors and independent examiners to be more proactive in reporting concerns they find among charity finances or governance during the course of their work.
A new report, Reporting of relevant matters of interest to UK charity regulators, published today by the Charity Commission for England and Wales, the Scottish Charity Regulator and the Charity Commission for Northern Ireland, has drawn reference to areas where regulators would benefit from greater reporting.
UK charities could lose at least £258.4 million in EU funds because of Brexit, new research has revealed.
Fresh research from the Directory of Social Change has found the full amount is actually likely to be far higher due to the way many funds are distributed by intermediary agencies in the UK, making comprehensive data difficult to obtain and analyse.
"A trustee’s work is never done, just when you have data protection under control, cybersecurity will rear its head. When that is finished, a harassment query will spring to mind, the budget is reoccurring and ethical investment is not far behind. There are many challenges, but the rewards are even greater."
The ‘WannaCry’ global ransomware attack this May brought cybercrime into the limelight, affecting thousands of organisations. As a result of the attack, the Charity Commission said the third sector had to do more to protect itself. What more can charities do?