Charity Faces Property Concerns: The Charity Commission has initiated a statutory inquiry into CG Community Council, a registered charity (502955), amid concerns regarding its governance and financial management. Established in the 1960s, CG Community Council aims to improve the lives of individuals residing in Croxteth and Gillmoss by advancing education and providing facilities for social welfare, health, recreation, and leisure activities.
Concerns and Investigation
The Charity Commission’s inquiry stems from information gathered through its regulatory compliance work, which suggests that CG Community Council’s property may be at risk. Notably, despite holding the leasehold for 16 properties, the charity reported nil income and expenditure in its annual return for the financial year ending March 31, 2023. Furthermore, it has failed to submit financial returns for the financial year ending March 31, 2024.
Protective Measures
In response to these concerns, the regulator has issued an order to prevent CG Community Council property from being sold or otherwise disposed of without prior consent from the Commission. This measure aims to safeguard the charity’s assets while the investigation is underway.
Still on Charity Faces Property Concerns
Scope of the Inquiry
The inquiry will examine whether the trustees of CG Community Council have fulfilled their legal obligations regarding the administration, governance, and management of the charity. Specifically, the investigation will focus on.
– Whether the charity is accounting for its funds and assets in accordance with legal requirements
– If the charity has suffered financial losses due to misconduct and/or mismanagement
Potential Extension of the Inquiry
The scope of the investigation may be expanded if additional regulatory issues arise during the Commission’s inquiry. The Charity Commission’s primary objective is to ensure that charities operate in compliance with relevant laws and regulations, and that their resources are utilized effectively to benefit their intended beneficiaries.
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