皇冠体育app

皇冠体育app Charity Commission, the independent regulator of charities in England and Wales, has opened a statutory inquiry into . 皇冠体育app inquiry was opened on 23 February 2017.

皇冠体育app charity has objects to promote the regeneration of the local area, the provision of education and training and the relief of poverty.

In May 2016 the charity reported a serious incident to the Commission outlining that there had been a theft at the charity, with 拢90,000 of the charity鈥檚 funds unaccounted for. 皇冠体育app Commission immediately opened a case to monitor the charity鈥檚 response, the matter was then referred by the charity to Action Fraud and the police.

皇冠体育app Commission has also been liaising closely with the Welsh Government (a major funder of the charity) who have expressed concerns about the governance of the charity.

皇冠体育app Commission has serious concerns about the charity鈥檚 governance and internal controls and the apparent failure of the trustees to remedy these issues, placing the charity鈥檚 property and its operations at risk. In view of this the Commission opened a statutory inquiry in February 2017.

皇冠体育app inquiry will examine:

• the financial controls, management and application of charitable funds, property and assets belonging to the charity
• the governance, management and administration of the charity by the trustees, particularly whether the trustees have acted prudently and exercised reasonable care in respect of the day-to-day running of the charity
• whether the charity鈥檚 decision making process is adequate, in particular how it has managed conflicts of interests

皇冠体育app Commission stresses that opening an inquiry is not in itself a finding of wrong doing. 皇冠体育app purpose of an inquiry to examine issues in detail and investigate and establish the facts so that the regulator can ascertain whether there has been misconduct and mismanagement; establish the extent of the risk to the charity鈥檚 property, beneficiaries or work; decide what action needs to be taken to resolve the serious concerns, if necessary using its investigative, protective and remedial powers to do so.

It is the Commission鈥檚 policy, after it has concluded an inquiry, to publish a report detailing what issues the inquiry looked at, what actions were undertaken as part of the inquiry and what the outcomes were. Reports of previous inquiries by the Commission are available on GOV.UK.

皇冠体育app charity鈥檚 details can be viewed on the .

Ends

PR 52/17

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Notes to editors

1. is the independent regulator of charities in England and Wales. To find out more about our work, see our annual report.
2. Search for charities on our .
3. Section 46 of the Charities Act 2011 gives the Commission the power to institute inquiries. 皇冠体育app opening of an inquiry gives the Commission access to a range of investigative, protective and remedial legal powers.
4. 皇冠体育app Commission鈥檚 decision to announce the opening of a statutory inquiry is based on whether it is in the public interest to do so and with consideration of our objective to increase public trust and confidence in charities.