The Charity Commission has opened inquiries into two charities that share trustees over concerns with "poor financial management"
The Telz Talmudical Academy and Talmud Torah Trust and The Gevurath Ari Torah Academy Trust were registered in 1987 and 1991 respectively, and raise funds for faith institutes in Israel.
The regulator is concerned about the charities’ financial management after discovering that one trustee, who lives in Israel, is in possession of the charities’ cheque books containing a number of blank cheques pre-signed by the trustees who live in the UK.
The charities also operate heavily in cash, which the Commission advises against, overseas and do not maintain adequate records to supplement this. The trustees could not provide sufficient evidence that they were monitoring or verifying the end use of the charities’ funds overseas, the commission said.
The inquiry will examine the administration, governance and management of the charities by the trustees, the financial controls and management of the charities and the conduct of the trustees.
Charity Times video Q&A: In conversation with Hilda Hayo, CEO of Dementia UK
Charity Times editor, Lauren Weymouth, is joined by Dementia UK CEO, Hilda Hayo to discuss why the charity receives such high workplace satisfaction results, what a positive working culture looks like and the importance of lived experience among staff. The pair talk about challenges facing the charity, the impact felt by the pandemic and how it's striving to overcome obstacles and continue to be a highly impactful organisation for anybody affected by dementia.
Charity Times Awards 2023
Mitigating risk and reducing claims
The cost-of-living crisis is impacting charities in a number of ways, including the risks they take. Endsleigh Insurance’s* senior risk management consultant Scott Crichton joins Charity Times to discuss the ramifications of prioritising certain types of risk over others, the financial implications risk can have if not managed properly, and tips for charities to help manage those risks.
* Coming soon… Howden, the new name for Endsleigh.
* Coming soon… Howden, the new name for Endsleigh.
Better Society
© 2021 Perspective Publishing Privacy & Cookies
Recent Stories