The regulator has launched an investigation into a disabilities charity amid concerns over its finances, including the transfer of £200,000 into a trustee’s private bank account.
A compliance case was opened by the Charity Commission into Birmingham based charity One Community Organisation last April over “serious financial and governance concerns”.
This has now been escalated into a statutory inquiry to examine the concerns further.
The investigation will look into concerns around the trustees’ management of the charity’s resources and financial affairs, compliance with their general legal duties and responsibilities and whether any failings identified are a result of misconduct and/or mismanagement by the trustees”, according to the regulator.
The scope of the investigation may be extended if further concerns emerge.
Concerns include a possible understating of the charity’s finances during 2017 and 2018.
Payments of more than £200,000 of charity funds online to a trustee’s private bank account is another. “The purpose of these payments is not clear,” added the regulator.
One Community was set up in 2009 to help disadvantaged communities in Birmingham. This includes working with people with special educational needs and children with hearing loss.
Latest News
-
Dismay over youth suicide prevention charity's collapse
-
Sally Hogg: How charities can build a public mandate in a multi-party age
-
Youth suicide prevention charity closes amid ‘a reduction in reliable funding’
-
Macmillan income reaches record level after ‘exceptional’ £22.4m legacy gift
-
Think tank boss takes senior role at grant maker
-
Children’s charity defends dropping Real Living Wage commitment
Beyond the funding squeeze: Using equities to secure your charity’s future
With charities facing increasing financial pressure and traditional income streams under strain, making investments work harder has never been more important. M&G’s Richard Macey and Michael Stiasny join Charity Times to discuss why equities remain a vital long-term asset class for charities, how organisations can balance income generation and growth, and the opportunities the current market environment may offer to help strengthen financial resilience.
Charity Times Awards 2023
Charity Times video Q&A: In conversation with Hilda Hayo, CEO of Dementia UK
Charity Times editor, Lauren Weymouth, is joined by Dementia UK CEO, Hilda Hayo to discuss why the charity receives such high workplace satisfaction results, what a positive working culture looks like and the importance of lived experience among staff. The pair talk about challenges facing the charity, the impact felt by the pandemic and how it's striving to overcome obstacles and continue to be a highly impactful organisation for anybody affected by dementia.
© 2021 Perspective Publishing Privacy & Cookies
Recent Stories