A gymnastics membership is being investigated over considerations about funds made to trustees.
Flic-Flac Gymnastics Membership, primarily based on the former Camelot theme park website in Chorley, was arrange in 2006 to encourage younger folks to participate in gymnastics.
The Charity Fee mentioned the membership was already being investigated after being “persistently late in submitting its accounting data”, which it regards as “mismanagement and/or misconduct within the administration of the charity”.
The regulator mentioned a separate inquiry was opened in July after “additional regulatory considerations emerged”.
The Fee mentioned it has recognized considerations about funds to trustees that “could also be unauthorised” by the charity’s governing doc.
It additionally mentioned it had recognized considerations “round managing conflicts of curiosity in relation to any trustee funds”.
The charity’s accounts from final 12 months are overdue by 216 days and the 2020 accounts had been practically two years late.
Additionally it is presently working with an inadequate variety of trustees, the regulator mentioned.
The inquiry will look at whether or not the trustees are complying with their authorized duties, with specific regard to their accounting and reporting duties; their compliance with the charity’s governing doc; and the extent of any unauthorised trustee private profit.
Flic-Flac Gymnastics Membership has been approached for remark.
