The Charity Commission has opened a statutory inquiry into a London based religious charity after repeated failures to file its financial information.
Concerns were first raised six years ago as it emerged that Jewish charity Keren Shmuel had failed to submit accounts between 2014 and 2015.
After submitting the information in 2017 it was removed from the Commission’s double defaulter inquiry for charities that have consistently failed to file their accounts.
But after once again failing to submit their accounts, in 2019 and 2021, the regulator has opened a statutory investigation.
This has been launched amid “continuing evidence of the trustees’ misconduct and/or mismanagement in the administration of the charity”, said the regulator.
It added: “It is the trustees’ legal duty to ensure that the charity’s annual accounting documents are submitted on time.
“The trustees of Keren Shmuel have demonstrated repeated failure to comply with this duty, which warrants further investigation from the Commission as part of an inquiry.”
We’ve opened an inquiry into the North London charity, Keren Shmuel, over concerns about the charity’s repeated failure to submit annual accounting documents.
— Charity Commission (@ChtyCommission) April 27, 2023
Read more: https://t.co/3NukBz9X9r pic.twitter.com/i4rnCXLLEc
The enquiry will focus on the financial controls and management of the charity as well as the conduct of its trustees.
According to the charity register the charity is now up to date with its financial reporting, although this was submitted more than three months late.
Its most recent accounts, for the year ending 31 December 2021, show its total income was £731,790 and its total spending was similar at £723.930.
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