Financial mismanagement of charity causes debts of £7.1m

Severe financial mismanagement by trustees of an educational charity caused a run up of debts of £7.1m, an inquiry has found

In November 2020 an action plan was issued to the trustees of the Nanaksar Thath Isher Darbar Trust charity, by the Charity Commission under section 84 of the Charity Act, after an investigation by the Commission found severe mismanagement of funds by its trustees.

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Business | Bookkeeper ‘succumbed to temptation’ in £205k charity fraud

Finance | Interim managers take over aid charity amid financial probe

Business | Tax experts and accountants join Helen Mirren on Birthday Honours

Finance | Charity guidance for trustees on grant-making as sector squeezed

Finance | Football trustees ‘fell dismally short’ in £2.5m charity inquiry