Charities Regulator confirms Good and New has rectified contravention

The Charities Regulator has today confirmed that following an inspection in June, it is satisfied that the Donegal-based charity Good and New Shop has addressed a contravention of the Charities Act and adopted the necessary of course of action, identified by the Regulator.
On the 5th of February this year, the Charities Regulator issued a notice to the Good and New Shop following an assessment.
It found the charity had contravened section 47 of the Charities Act 2009 by failing in its duty to keep proper books of account.
The contravention was published by the Regulator, and the charity was told to rectify the situation within a specified timeframe.
The Regulator also required the charity to introduce formal procedures for maintaining adequate accounting records.
This include regular financial reporting detailing the income, expenditure, assets, and liabilities.
An inspection on June 28 confirmed that has now taken place.
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Charities Regulator statement in full –

 
Statement regarding inspection of Good and New Shop
                   (Registered Charity Number 20074432)
                               9 July, 2018
The Charities Regulator today confirmed that it is satisfied, following an
inspection last month of  the Donegal-based charity Good and New Shop
(Registered Charity Number 20074432), that it has rectified the
contravention of the Charities Act 2009 and adopted the necessary of course
of action, identified by the Regulator in February when it imposed an
intermediate sanction on the charity.
The Charities Regulator issued a notice to the Good and New Shop on 5
February, following an assessment of the charity by the Regulator.  The
assessment found that the charity had contravened section 47 of the
Charities Act 2009 by failing in its duty to keep proper books of account.
The notice set out the proposed imposition of an intermediate sanction,
being the publication of the contravention on the website of the Charities
Regulator. The notice also set out the requirement for the charity to
rectify the contravention within a specified timeframe, and the requirement
to adopt the following course of action for the purposes of ensuring that
the contravention concerned would not occur again:
   –    Introduce formal documented procedures for maintaining adequate
      accounting records;
   –    Assign the task of keeping proper books of account to a person(s)
      with the appropriate skills and experience;
   –    With regard to financial reporting:
      · Introduce regular financial reporting detailing the income and
         expenditure (including the nature of that income and expenditure)
         and the assets and liabilities of the charity, and
      · Ensure all financial reports are scrutinised by the charity
         trustees under a standing agenda item – ‘financial performance and
         position of the charity’ as part of all trustee meetings.
On 12 February 2018, the charity accepted the imposition of an intermediate
sanction under section 73 of the Act, and undertook to rectify the
contravention and adopt the course of action specified in the notice.
On 28 June 2018, the Charities Regulator carried out an inspection of the
charity to determine if the charity had rectified the contravention and
adopted the course of action set out in the Notice.
The Charities Regulator is satisfied that the charity has rectified the
contravention referred to in the notice within the specified timeframe and
has adopted the course of action set out in the notice.