The charity runs a church in Beckenham, London.
The Commission opened an inquiry after identifying that the trustees had given an individual over £900,000 via unsecured loans. Concerns were also identified by the regulator around the charity’s awarding of payments and other financial benefits to trustees and others connected with the charity.
The Commission opened this inquiry on 20th August 2021 to examine:
decision-making in relation to the unsecured loans
if there has been any financial loss to the charity
whether potential conflicts of interest in relation to financial transactions have been handled appropriately
if there has been any unauthorised private benefit to the trustees and/or connected parties
whether the trustees have complied with their governing document and fulfilled their duties and responsibilities under charity law
The regulator may extend the scope of the inquiry if additional regulatory issues emerge. The opening of an inquiry is not a finding of wrongdoing.
The charity was originally investigated as part of class inquiry in March 2021, after it failed to file its accounts. These accounts have since been submitted.
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.