Under investigation, The Ashley Foundation has failed to file its Trustees' Annual Report and its Accounts, according to the Charity Commission
According to the Charity Commission and other reports, The Ashley Foundation, a Blackpool based homeless charity, is being investigated. The investigation, which was opened on 20 March 2020, will examine the administration, governance, and management of the charity, and in particular:
the financial management and controls of the charity;
the trustees’ decision-making with regard to the disposal of properties and agreements entered into with a third party;
trustees’ management of conflicts of interest;
any unauthorised trustee private benefit;
any potential financial loss to the charity;
and the trustees’ compliance with their legal duties.
It is the Commission’s policy after it has concluded an inquiry, to publish a report detailing what issues the inquiry looked at, what actions were undertaken as part of the inquiry and what the outcomes were.
According to an unnamed source, speaking to WireNews on the condition of anonymity, the Trustees of The Ashley Foundation have made the decision to dissolve the charity and are awaiting the outcome of the Charity Commission's report before making an official announcement.
WireNews reached out to the Trustees for comment but no reply was received prior to publication.