Interim managers are appointed as a temporary and protective measure where the Commission has identified misconduct and/or mismanagement in the administration of a charity, or where there is a need to protect a charity’s property.
Statutory inquiries were opened into the two charities, which share connected trustees, earlier in 2019. The inquiries were prompted by concerns about the trustees’ compliance with charity law, related party transactions and the management of conflicts of interest.
The inquiries continue to have concerns about a number of serious regulatory issues at the charities, including substantial outstanding loans to a trustee, and have therefore appointed Karen Spears and Steven Law of RSM Restructuring Advisory LLP as interim managers of both charities.
Karen Spears and Steven Law will carry out their work to the exclusion of the trustees, in order to allow the charities to be properly managed.
The inquiries continue, and the Commission intends to report on its findings on conclusion. Reports of previous inquiries are available on GOV.UK.