Former head of finance at Cyrenians Cymru pleads guilty to fraud

Robert Mark Davies, 50, defrauded the now defunct homelessness charity of more than £1.3m and will be sentenced on 25 April

Cyrenians Cymru
Cyrenians Cymru

The former head of finance at a now defunct Welsh homelessness charity has pleaded guilty to a £1.3m fraud.

Appearing at Cardiff Crown Court last Thursday, Robert Mark Davies, 50, pleaded guilty to fraud by abuse of position during his time as head of finance at Cyrenians Cymru.

He will be sentenced on 25 April.

Davies’s fraud was worth £1,343,074, and Cyrenians Cymru went into administration in 2015.

Davies was head of finance until 2014, when he was dismissed by the charity.

He was arrested the same year after an investigation by South Wales Police’s economic crime unit.

The charity, which had an income of £2.2m in the year to the end of March 2013, employed 75 staff.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Charity Finance Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners


Expert Hub

Insurance advice from Markel

Managing data protection for your charity

With the increasing number of data breaches in the UK, it is crucial that your charity manages data protection effectively.