The Charity Commission has opened a statutory inquiry into Barnabas Aid amid reports of a possible “£15m hole” in the finances of its global network.
The Telegraph reported today that it has seen internal documents that allege that there are questions over money given to some senior figures at the charity, including former international chief executive Noel Frost.
Noel Frost, who was listed as the UK charity’s director and corporate secretary, left the organisation in April, less than two years after his appointment.
His departure came amid reports of founding members of the charity being suspended.
Barnabas Aid is almost three months late in filing its latest financial accounts, according to the commission’s website.
A Charity Commission spokesperson said: “On Tuesday 17 September, our engagement with Barnabas Fund (also known as Barnabas Aid) was escalated to a statutory inquiry.
“In line with our usual policy, we will publish a public statement setting out the scope of our inquiry in due course.”
A spokesman for the charity is reported by the Telegraph as saying: “The independent investigation has been going on for months and we welcome the Charity Commission’s statutory inquiry into activities that happened in the past.
“We will continue to work closely with the commission.”
Civil Society was unable to contact Noel Frost.
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