This article was last updated on April 16, 2022
Canada: Oye! Times readers Get FREE $30 to spend on Amazon, Walmart…
USA: Oye! Times readers Get FREE $30 to spend on Amazon, Walmart…
The charities regulator revealed to have opened up an independent inquiry into the management of Kids Company in light of its recent meeting with the charity’s former employees. The charity was forced to close on Wednesday after 19 years because of a lack of funding.
In a statement issued by The Charity Commission, it mentioned on Thursday that on July 9 it met the trustees of the organization “regarding the concerns in the public domain about the charity’s funding, financial stability and proposed governance changes.” It explained that “we were subsequently contacted by former employees of the charity and met them on 16 July to discuss specific concerns about alleged inappropriate spending, breaches of financial controls and concerns about the viability of the organization.”
According to the commission, it had earlier “notified the charity of the complaints on 17 July and met with charity representatives on 21 July. At that meeting we insisted on a number of steps being taken, including that, under the oversight of the commission, the charity instigate an immediate independent examination into the specific allegations made.” It was elucidated that “the trustees fully co-operated with this, and had already prior to our engagement put in place changes to the governance, management of and existing financial controls within the charity. This work was still ongoing when the charity closed. Although the charity is closing our regulatory engagement continues and we will be making immediate contact with the receiver when appointed.”
Be the first to comment