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Accrue funds with care, says regulator
By Paul Jump, Third Sector Online, 23 October 2007
The Charity Commission has warned charities against overly complicated financial arrangements after an investigation into a West Midlands charity that received donations from 57 companies operating out of only nine addresses.
The Birmingham-based Community, Education and Development Foundation, which supports charitable purposes in the West Midlands and the Punjab region of India, had submitted accounts for the three years up to 2006 showing an average income of nearly £440,000. In the same period it spent just over £60,000 – only 13...
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