12 Feb 2015
The Centre for Policy Studies has accused charities of a lack of transparency and inconsistency in their annual accounts, and claimed that up to £3.4bn is being “concealed” by the top 50 charities.
Swansea charity Cyrenians Cymru announced yesterday that it will enter administration, after a second employee was arrested on suspicion of a “systematic and extensive” £800,000 fraud.
Former Charity Commission chief executive Andrew Hind has declared that the Cup Trust debacle that damaged the regulator’s reputation as a competent organisation was wholly down to the “bad judgement and inadequate leadership” from its senior executive team and board.
Groundwork UK’s income fell by 45 per cent as the charity spent almost £100,000 on redundancy payments, reveals its recently published annual accounts.
Terrence Higgins Trust paid its departing chief executive and deputy chief executive a total of at least £350,000 last year, including redundancy payments, its latest report and accounts suggest.
I hope this is an example that other medical charities will follow as it is very difficult to explain to the public why there are so many charities for certain causes.
Royal Voluntary Service, the former WRVS, posted an operating deficit of £6.7m last year, which was £3.6m worse than the charity had planned for.
Two trustees of the Eden Trust, owner of the Eden Project in Cornwall, loaned the eco-attraction a total of £180,000 during the year to March 2014, and earned £4,241 in interest from the loans during the period.
The Charity Retail Association will produce a social value toolkit to help its members demonstrate the wider impact of charity shops.
A social impact property fund connected to the enterprise arm of the homelessness charity St Mungo's Broadway, has risen to £46m after Big Society Capital and Croydon Council both increased their commitments by £10m.