On 17th September, the Charity Commission opened a statutory inquiry into Barnabus Aid after concerns of misconduct in the charity. There were also reports of a possible “£15m hole” in the charity’s finances.
On October 3rd, The Charity Commission announced its statutory inquiry into Barnabus Aid after identifying issues with the use of charitable funds. These issues are to do with unauthorised payments made to some of the trustees and related parties, and unmanaged conflicts of interest.
Because of these concerns, the Regulator has temporarily restricted transactions made by the Charity to £4,000. Their accounts for the year ended 31st August 2022, which are their latest on Companies House, show total income of £21m and net assets of £2.3m.
The Commission will also look at whether the charity has been operating within its objects and whether there has been any misconduct or mismanagement in the administrative matters of the charity. A detailed report of the findings from the Commission will be published once the inquiry has been concluded.
