The Charity Commission has opened a statutory inquiry into a heart disease charity that has not filed any accounts since 2019.
The regulator said it was also concerned about financial record-keeping and the level of charitable expenditure at the Have a Heart Foundation, which was registered in 2013 to raise awareness of and support patients with heart disease.
“Despite engagement and guidance from the commission, the trustees have failed to file any of the charity’s accounts since 2019,” the commission said today.
“The commission is also concerned about the trustees’ financial record-keeping more widely, and the level of charitable expenditure.”
The regulator said its inquiry, which it opened in April, would examine matters including the trustees’ failure to comply with statutory reporting duties, whether potential conflicts of interest and connected party transactions have been properly managed and whether there had been any unauthorised trustee benefit.
It will also consider whether the charity is operating in line with its objects.
The charity’s entry on the Charity Commission website says it is “promoted by a rugby sevens team who play matches at fundraising and educational events”.
It says funds generated are used to purchase cardiac diagnostic machinery for hospitals and other equipment for schools and community sports clubs.
Its accounts for 2019 are more than 1,000 days overdue, according to the Charity Commission’s website, although it did file its annual return for the same year in December 2020, more than a month late.
The charity had an income of £58,000 in 2019, the entry says.