{"id":76569,"date":"2016-11-29T10:05:52","date_gmt":"2016-11-29T10:05:52","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=954d6a809405d7575aadb4cf675bb892"},"modified":"2016-11-29T10:05:52","modified_gmt":"2016-11-29T10:05:52","slug":"press-release-new-charity-investigation-the-cowesby-trust","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=76569","title":{"rendered":"Press release: New charity investigation: The Cowesby Trust"},"content":{"rendered":"
\n

The Charity Commission, the independent regulator of charities in England and Wales, has opened a statutory inquiry into The Cowesbv Trust, registered charity number 223450<\/a>. The inquiry was opened on 26 October 2016.<\/p>\n

The charity has objects to relieve either generally or individually persons resident in the parish of Cowesby or in any neighbouring parish who are in conditions of need, hardship or distress.<\/p>\n

Following the receipt of information raising regulatory concerns about the financial management of the charity, the Commission conducted a series of enquiries including an analysis of the charity\u2019s bank accounts, which identified a number of serious regulatory concerns about the operation and financial management of the charity.<\/p>\n

Consequently, the Commission established that large sums of money have been paid from the charity to an unconnected company and to the charity\u2019s trustee. The Commission has also established that there is a disparity between the level of funds that have flowed through the charity\u2019s bank account and those disclosed in its annual returns.<\/p>\n

The charity is also operating in breach of it governing documents, which state there should be at least 3 trustees, whereas there is currently only one trustee listed on the register of charities. This gives rise to serious concerns about the legitimacy of the trustee decision making and whether charitable property has misapplied for non-charitable purposes.<\/p>\n

The inquiry will examine:<\/p>\n