The Charity Commission has opened a statutory inquiry into a London-based charity called the Bfon Trust for repeatedly defaulting on the submission of its accounts
The charity has objects to relieve poverty, sickness and infirmity among people of the Jewish faith. Until recently, it was part of the Charity Commission’s class inquiry into charities that have defaulted on two or more occasions on their legal obligations to submit annual accounting information to the regulator.
On 3 June 2014, the charity came out of that inquiry because it had submitted the outstanding accounts from the financial year ending 31 March 2012 and 2013.
However, the regulator now says that despite recent enforcement action to ensure the trustees were compliant, the charity failed to submit its annual accounts and returns for the latest financial year which were due by 31January 2015.
The Charity Commission has already exercised its statutory powers to direct the trustees to prepare and submit the information and an explanation for the repeated default, so this can be considered before further action by the regulator is considered.
The latest inquiry was opened on 19 February 2015, but not announced until now because it fell during the pre-election period. Its scope will be to regularise the defaults and also consider taking appropriate remedial action against the trustees for persistent breach of their duties.