Regulator probes Christian charity for accounts failures

Kingdom Life Ministries of north London failed to submit its accounts on time for three consecutive years

The Charity Commission has opened a statutory inquiry into a London-based Christian charity after it failed to submit its accounts on time for three consecutive years.

Kingdom Life Ministries, which is based in Tottenham, north London, and promotes Christianity, has been accused by the commission of showing evidence of mismanagement and of non-compliance with the regulator.

The charity was included in a class inquiry last year after failing to submit its accounts for the financial years ending 31 May 2014 and 2015.

KLM was later removed from the class inquiry, which included a group of charities that had repeatedly failed to file accounts on time, after it submitted the outstanding accounts in April this year.

But the charity filed its 2016 accounts 74 days late, the Charity Commission website shows, which prompted the new statutory inquiry.

The commission said that because the charity had been given regulatory advice and guidance, “it is of serious regulatory concern to the commission that the charity has continued to default on its statutory duties”.

Latest headlines

According to the Charity Commission website, the charity had an income of £870,411 and spent £860,563 in the year to 31 May 2016.

The website shows that the charity has filed each of the past five sets of accounts late, ranging from 15 days overdue to 489 days behind schedule.

The inquiry will examine the extent to which the trustees have complied with previous guidance and whether they are carrying out their legal obligations properly.

The charity did not respond to a request for comment before Third Sector’s deadline.

Source link

Leave a Comment.

Этот сайт использует Akismet для борьбы со спамом. Узнайте, как обрабатываются ваши данные комментариев.