Regulator probes charity after £850k is transferred into a trustee's account

The Charity Commission's statutory inquiry into the anti-poverty charity the Devon Charitable Trust was prompted by concerns about its management and administration

Devon Charitable Trust: bank account frozen
Devon Charitable Trust: bank account frozen

The Charity Commission has opened a statutory inquiry into an anti-poverty charity after more than £850,000 was transferred from the charity to a trustee’s bank account.

The inquiry into the Devon Charitable Trust, which was opened on 14 May, was prompted by an analysis by the regulator of the charity’s bank statements, which revealed the transfer to the trustee’s bank account, the commission said today.

The regulator said it had been examining the charity, which is based in Harrow, north-west London, since August 2018 because of concerns about its management and administration.

In a statement, the commission said it was unclear why the transfers were made or how the transfer of money furthered the charity’s purpose. The commission said it had concerns that donations were not being deposited into the charity’s accounts properly. The charity’s bank account was frozen.

The commission said it also had concerns about conflicts of interest on the board and late filing of the charity’s accounts.

The commission’s website shows that the charity has not submitted its accounts for the year to 31 March 2018, which are now 125 days overdue.

Income at the charity in 2017 was £423,960, according to its entry on the Charity Commission’s website.

The inquiry will look into the safeguarding of charitable assets at the charity, the extent to which trustees have abided with their legal duties and whether the charity has complied with previously issued regulatory guidance.

No one from the charity was available for comment.

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