Regulator adds 12 more charities to its £22m cashed cheques investigation

The Charity Commission has named the next 12 charities to be looked a as part of its class inquiry into a £22m cheque cashing investigation.

The inquiry was launched earlier this year following an HMRC visit to a firm in Hackney, London, that found more than 100 charities had cash cheques with it over a 12 month period until March 2023.

This latest announcement brings the total number of charities being looked at so far to 32, with 10 announced in May and a further 10 named in late summer.

The 12 charities to be investigated are: Beis Chinuch Lebonos Limited, Mars Org. Ltd, Bnei Zion Community Nursery, BC Trust, Reb Shayale’s Tzeduke, Noam Halvovos, Kollel Mishkon Yakov, Ttba Belz, Satmar Kolel, The Chevras Ezras Nitzrochim Trust, Support the Charity Worker, and Edupoor Limited.

The regulator said it will investigate “how trustees had oversight of what happened to funds exchanged for the cheques, and if this cash has been used properly to support what the charities were set up to do”.

It will also “seek to establish how trustees determined that these financial transactions were in their charity’s best interests”.

All charities involved are subject to an immediate order barring them from issuing cheques without consent from the regulator.

It added: “The Commission has not reached any conclusions and the opening of the inquiry is not a finding of wrongdoing.

“The scope of the inquiry may also be extended if additional regulatory issues emerge during the Commission’s investigation.”



Share Story:

Recent Stories


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.