The London-based charity was set up in 1998 and has objects to advance the Jewish religion, in particular as practised by Sephardi Jews. The charity was identified by the Commission for a compliance visit, as its objects suggested it might be operating in high risk areas and it had failed to submit any annual returns to since February 2012.

Its annual income for the year ending in July 2011, filed in early 2012, stated that it had an income and expenditure of exactly £1,106. 

The Commission met with a trustee of the charity in November 2016 and says the visit identified a number of serious regulatory concerns, including the failure to submit annual returns, whether the charity has any validly appointed trustees, loan agreements entered into by the charity and the sale of property owned by the charity.

The subsequent inquiry will 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 will also consider whether any potential conflicts of interest have been identified and correctly managed by the trustees. Investigators will look at the financial management of the charity and application of charitable funds, in particular relating to rental income received from a property owned by the charity and how rental income has been applied.

The Commission stressed that opening an inquiry is not in itself a finding of wrong doing. It will publish a report of the issues the inquiry considered, what actions were taken and outcomes following the conclusion of its investigation.