Moonbeams faces closure after failure to justify accounts

The scandal-stricken Scottish children's charity Moonbeams is set to be wound up.

The four directors of the charity had until last week to respond to allegations that they had spent only £70,000 out of £3m raised on the cause. Yet they failed to answer any of the accusations by the deadline.

The charity's assets were frozen last month by the courts after the Scottish Charities Office examined its accounts.

The Charities Office is likely to seek the removal of the directors and wind up the charity.

New powers to allow a charities regulator to investigate mismanaged charities in Scotland are widely anticipated, because a Charities Bill is expected to be set before the Scottish Parliament.

But it could take more than two years for the provisions of the bill to be implemented, prompting commentators to suggest that more scandals could occur.

A new Office of the Scottish Charities Regulator is currently being set up to succeed the Scottish Charities Office.

Topics:
Finance

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