Financial reporting failures put Bournemouth charity under investigation
24 Oct 2019
Continued failure in reporting obligations have prompted the regulator to start an inquiry into Bournemouth based charity which runs a community centre set up to promote spiritual, mental, physical and social development
24 Oct 2019
The Charity Commission has opened an inquiry into Kinson Community Association over concerns about mismanagement and/or misconduct at the charity, which has three years of accounts outstanding.
The charity was entered into a class inquiry in February 2018 to look into charities which had repeatedly defaulted on their statutory filing requirements. Despite continued engagement during the course of that inquiry the charity’s financial accounts for the FYE 31 December 2015 and 2016 are still outstanding and 31 December FYE 2017 are now also overdue.
The Commission says these issues raise concerns over the charity’s accountability and transparency. As such, the inquiry will examine the governance, management and administration of the charity, including the extent to which the trustees have complied with previously issued regulatory guidance.
It will also consider whether the trustees have properly exercised their duties and responsibilities under charity law in the administration of the charity and in particular their duty to account for the charity’s funds.
It is the Commission’s 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.