The Charity Commission has opened a statutory inquiry into international aid charity Quba Trust.
The move follows a year of engagement between the regulator and the charity, which supports people impacted by disasters and to promote Islam, last year amid concerns around its finances.
This centers on whether the trustees can show that payments made to “connected persons” are in line with the charity’s governing document and were managed effectively.
Following these talks “the Commission has escalated its engagement with the charity to a statutory inquiry”.
This will look at whether misconduct or mismanagement has taken place, conflicts of interest are being effectively tackled and its financial controls.
The charity’s partnerships in the UK and overseas will also be looked at.
According to the Charity Register Quba Trust is up to date with its financial reporting. Its latest accounts, for the year ending 24 January 2021 show it had an income of £329,605 and spending of £230,376. It has two trustees and three volunteers registered and no staff receiving more than £60,000.
Latest News
-
Only one in 14 charities ‘fully prepared for a communications crisis’, report warns
-
Most admired charity partnerships with businesses revealed
-
MPs and Peers call for ‘urgent action’ following collapse of suicide prevention charity
-
Annual fundraising day launches in tribute to Dolly Parton
-
Most charities do not have a 'kill switch' policy to tackle malfunctioning AI
-
UK's largest firms halve proportion of profits they give to charity
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