The Charity Commission, the independent regulator of charities in England and Wales, has appointed an Interim Manager to The Park Charitable Trust, registered charity number 1095541.
On 16 August 2016 the commission used its powers under section 76 of the Charities Act 2011 to appoint Ian Oakley-Smith of PricewaterhouseCoopers as Interim Manager of the charity. The Interim Manager will have all the powers and duties of the trustees and the appointment is to the exclusion of the trustees. This appointment is a temporary and protective measure and will be reviewed by the commission on a regular basis in line with normal procedures.
The Interim Manager is tasked with taking over the management and administration of the charity on a temporary basis. In addition to taking control of and protecting the charity’s assets the Interim Manager is tasked with conducting a review, which will include, but is not limited to:
- the charity’s investments
- establishing the assets, liabilities and creditors of the charity
- the past governance of the charity and the composition of the trustee board; examining whether conflicts of interests and loyalty arising from the trustees’ interests in other companies, other trusteeships and their family relationships were identified and managed by them
The review will also examine whether there has been (and if so to what extent) any breach of duty and/or trust by the charity trustees in relation to the operation of the charity, and what steps may be necessary and in the best interests of the charity in response to any breaches of duty and/or trust.
The trustees have informed the commission that they intend to wind up the charity. To ensure that this action is completed in a transparent and open manner and by a non-conflicted person, the scope of the appointment also includes completing the dissolution of the charity.
An inquiry was opened into the charity on 13 June 2014. For further information about this, please see our public statement on the opening of the inquiry on GOV.UK.
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. Reports of previous inquiries by the commission are available on GOV.UK.
The charity’s details can be viewed on the commission’s online charity search tool.
Notes to editors
The Charity Commission is the independent regulator of charities in England and Wales. To find out more about our work, see our annual report.
- Search for charities on our online register.
- Section 46 of the Charities Act 2011 gives the commission the power to institute inquiries. The opening of an inquiry gives the commission access to a range of investigative, protective and remedial legal powers. Section 76(3)(g) of the Act is temporary and protective power available to the commission after an inquiry has been opened to appoint an Interim Manager. This role is supervised by the commission in accordance with section 78 of the Act.
- The commission’s decision to announce the opening of a statutory inquiry and the appointment of Interim Managers is based on whether it is in the public interest to do so and with consideration of our objective to increase public trust and confidence in charities.