The trustee's "significant misuse of funds was an abuse of the trust placed in him by the many donors to the charity", says the Charity Commission

“Diverse boards are better able to anticipate and manage risks, seize new opportunities, future proof their organisations and tackle difficult but necessary decisions," says the Charity Commission.

"It is often not evident how effectively NGOs perform on wider ESG issues,” warn businesses.

Collecting class diversity data and promoting working class leadership role models in the charity sector are among a raft of recommendations made.

Analysis shows almost £8bn in social investment was made in 2021, compared to just over £800m ten years ago.