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Charity debt probe
A TRUST formed to safeguard residents’ interests during the regeneration of King’s Cross is under investigation by the Charities Commission and council after racking up tens of thousands of pounds of debt.
Trustees of King’s Cross Community Development Trust (KCCDT) are holding emergency talks on Monday.
This week two staff members working on the trust’s history project, King’s Cross Voices, discovered they had not been paid.
But financial problems came to the fore in July when KCCDT’s Cromer Street headquarters were repossessed.
Landlord Camden Council is recovering £42,000 in unpaid rent accumulated during a two-and-a-half year-long dispute over the building’s state of repair.
Since July, KCCDT has been based in Caledonian Road, Islington, where a racial diversity project still operates.
In October, the trust, which began in 1998, was reported to the Charities Commission by Phil Jeffries, an advisor to the King’s Cross Voices project after he became alarmed by the trust’s accounts.
Camden’s internal auditors are “in the early stages” of an investigation, four months after they evicted the trust with assurances problems were “of a temporary cash flow nature”.
A Camden spokesman added: “The subsequent decision by the trust to go into liquidation will affect three projects that we have an interest in. We are now taking steps to organise alternative arrangements to ensure these projects are successfully completed.” |
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