Regulator to examine finances at animal rescue charity

The Charity Commission has opened an inquiry into the Barry Green Memorial Fund, over concerns about governance and financial management at the charity, which provides grants for rescuing and supporting animals that have been cruelly treated

The charity, which is based in York and was set up in 1990, had income of around £200,000 a year largely through its investments, according to its accounts for the year ended 5 April 2018.

The Commission previously opened a double defaulters’ class inquiry case into the Barry Green Memorial Fund on 9 December 2019, to examine its failure to file its accounts on time twice.

During this work the Commission found several other regulatory concerns about the charity’s governance, including potential unmanaged conflicts of interest, and concerns over the charity’s financial management.

This new inquiry will examine these concerns. They include the extent to which the trustees are complying with their legal duties in respect of the administration, governance and management of the charity, and particularly their financial accounting responsibilities.

The inquiry will also assess the extent to which any failing or weaknesses identified in the administration of the charity during the inquiry were the result of misconduct and/or mismanagement by the trustees, and consider whether or not the trustees responsibly managed the charity’s resources and financial affairs, and particularly how they have managed conflicts of interest.

The Commission says it may extend the scope of the inquiry if additional regulatory issues are identified.  It will publish a report detailing what issues the inquiry looked at, what actions were undertaken as part of the inquiry and what the outcomes were, once its investigation is complete.

Pat Sweet |Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

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