Regulator opens inquiry into charity that has failed to file annual documents since 2012

The Charity Commission also has concerns about whether the Beth Yosef Foundation has any validly appointed trustees

Charity Commission
Charity Commission

The Charity Commission has opened a statutory inquiry into a Jewish charity that has failed to submit annual accounts or returns since 2012.

According to the commission’s website, the last annual return filed by the Beth Yosef Foundation, whose objectives include advancing the Jewish religion with a particular focus on Sephardi Jewish practices, shows an income and spending of £1,106 in the year to 31 March 2011.

Its documents for 2011/12 are listed on the Charity Commission’s website as being 1,334 days overdue.

The regulator also says it has serious regulatory concerns about loan agreements the foundation has entered into, the sale of charity-owned property and whether it has any validly appointed trustees.

The commission said today that it opened its inquiry on 21 December after a meeting with a trustee during which it identified a number of serious regulatory concerns.  

Three trustees are listed on the charity’s entry on the charity register, but the commission said its inquiry would examine "whether the trustees are properly appointed and whether decisions made by current trustees regarding the administration and management of the charity have been validly made, in particular in relation to the disposal of charity property".

The commission said it would also look into whether trustees had identified and managed any potential conflicts of interest, the charity’s financial management and the application of charitable funds, in particular relating to rental income from a property owned by the charity and how it was applied.

The inquiry would also examine whether trustees had fulfilled their duties and responsibilities under charity law and whether there had been any misconduct or mismanagement, the statement said.

Third Sector was unable to contact anyone from the Beth Yosef Foundation for comment.

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