The Charity Commission has opened a statuatory inquiry into the financial management of Hunstanton charity, Families Against Neuroblastoma.
The charity, which was registered in 2010 and currently has only one trustee, supports neuroblastoma sufferers and their families.
The Charity Commission’s inquiry opened into the charity on June 13 and the following statement was released: “The regulator is investigating a number of concerns but its focus is a lack of a proper governance structure at the charity, and as a result the risks that may arise to the charity’s funds or other property.”
The inquiry will examine the financial management of the charity, the treatment of funds raised by the charity and the management of the charity by the trustees. It will also look into whether or not the trustees have complied with their duties and responsibilities under charity law.
The statement added: “In order to protect the charity’s funds and/or other property, the Commission froze the charity’s bank accounts.
“The regulator then appointed two individuals from Baker Tilly Restructuring and Recovery LLP as Interim Managers on July 15, to take control of the charity and its assets to the exclusion of the existing trustees, enabling the charity to continue to operate as normal and beneficiaries to access the funds raised by their appeals in case of need.”
A report of the full investigation will be published following the inquiry. Staff at FAN’s office in Hunstanton were directing all calls to interim managers and chartered accountants, Baker Tilly.
Frank Shepherd, pr manager at the company, said: “Our role as Interim Managers is firstly to secure the charity’s funds, and I would like to put your mind at rest that we have done so, and thereafter to take control of the day to day running of the charity assisted by the remaining staff, until such time as a new board of Trustees can be appointed.
“I would like to reassure families that we are continuing to operate the charity as normal, which will enable beneficiaries to access the funds raised by their appeals in case of need.”