The Charity Commission has opened a statutory inquiry into the Have A Heart Foundation, over “serious concerns” about its financial management.
The Cheshire-based charity was set up in 2013 to raise awareness of, and support patients with, heart disease.
Despite engagement and guidance from the Commission, the trustees have failed to file any of the charity’s accounts since 2019, according to the regulator.
Commission data shows the charity’s reporting is currently overdue by 1,007 days.
The Commission is also concerned about the trustees’ financial record-keeping more widely, and the level of charitable expenditure, it states.
Therefore, the regulator escalated its engagement with the charity to a statutory inquiry on 17 April 2023.
It will examine the trustees’ failure to comply with their statutory reporting duties and the extent to which the trustees are complying with their legal duties.
The regulator will also investigate whether potential conflicts of interest and connected party transactions have been properly managed and whether there has been any unauthorised trustee benefit.
Commission data for the financial year ending 31 December 2019 puts Have A Heart Foundation’s total income at £58,011 and total expenditure at £57,784. Income was up from £23,320 in 2018 and £2,720 in 2017.
Civil Society was not able to contact Have A Heart Foundation for comment.
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