Acevo posts loss of £138,000 in accounts for 2016/17

But the chief executives body says this is a smaller loss than the previous year, and it expects to record a surplus in the next accounts

The charity chief executives body Acevo made a loss of £138,000 in 2016/17, its latest accounts show.

But the deficit was an improvement on the previous year, when it was £190,801. The charity said it had taken “substantial steps” towards achieving a sustainable business model, including staff restructuring and voluntary salary reductions for some senior staff, and expected the accounts for the current year to show a small surplus.

The latest accounts, which cover the year to the end of March and were published today, show that Acevo had an income of £1.1m and expenditure of £1.3m in 2016/17, compared with an income of £1.3m and spending of £1.5m in the year before.

Acevo said much of the £166,000 decline in income was due to the conclusion of long-term funded projects, including work carried out after a review of the commissioning of services for people with learning disabilities or autism, which was carried out by Sir Stephen Bubb while he was Acevo chief executive in the wake of the Winterbourne View care scandal, and a review of the loneliness of young people in London.

The charity said it had withdrawn from providing paid-for consultancy services, cut staff numbers and refocused its direction of travel to “better reflect its purpose as an organisation giving practical support to, and representation of, its members”.

Acevo had an average of 15 full-time-equivalent posts in 2016/17, down from 19.3 in the previous year, the accounts show.

They say that Vicky Browning, the charity’s chief executive from the end of January, was employed on a salary of £75,000, considerably less than Bubb, her predecessor, who received £107,000 a year.

Acevo’s accounts show that its reserves stood at £151,784 at 31 March, which is below the charity’s target level of between £175,000 and £350,000. It said it planned to invest about £40,000 in the reserves in 2017/18.

The number of Acevo members fell by 17 per cent over the course of the year to 1,165 at the end of March, but the charity said that membership figures were now showing net gains.

Paul Farmer, chair of Acevo and chief executive of the mental health charity Mind, said the chief executives body had gone through a lot of change in recent years, but its “developing financial position gives much cause for optimism”.

He said: “The organisation has already shown the resilience to take it through the turbulence of the last three years. It is now very well placed to move forward and continue to develop its mission to support and empower the civil society leaders of today and tomorrow.”

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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”.

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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.

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Regulator opens inquiry into charity that has failed to file accounts for five years

The All Nations Community Centre was previously part of the Charity Commission’s class inquiry into charities that had persistently failed to file annual documents

The Charity Commission has opened a statutory inquiry into a Gloucestershire-based community centre that has failed to submit any accounts to the regulator since 2011.

The commission said today that it opened the inquiry into the All Nations Community Centre, which provides community activities and educational and social support, after the charity failed to provide accounting information for five financial years from the year ending 30 September 2011.

The charity was previously part of the commission’s class inquiry into charities that have failed to submit their accounts and returns for two or more financial years.

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According to the Charity Commission website, the charity is 1,767 days overdue in filing accounts and/or its annual return for the year to the end of September 2011.

The only annual return or accounts submitted by the charity to the regulator in any of the past five financial years is its annual return for 2011/12, which was received on 18 May this year, 1,388 days late, the commission’s records show.

The commission’s website also shows few contact details for the charity and names none of its trustees.

A commission spokeswoman said the regulator was aware of the charity’s failure to keep its details on the register up-to-date, and was in correspondence with trustees about the issue as part of the inquiry.

According to the charity’s most recent accounts available on Companies House, for the year ending 30 September 2015, the charity made a loss for the year of £6,076 and had a turnover of £39,782.

The Companies House website also shows the charity avoided being struck off the register in February this year, and has one registered company officer.

The Charity Commission said in a statement that its statutory inquiry would consider whether All Nations Community Centre was operating for the public benefit and whether the trustees had complied with their duties and responsibilities.

The inquiry would also focus on the general administration, governance and management of the charity by the trustees, specifically regarding the charity’s property, the regulator said.

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