The Charity Commission has installed interim managers to supervise a pair of religious charities which have been under investigation since 2015.
The watchdog launched an inquiry into Achiezer and Achiezer Association Limited after the failure to submit accounts on time.
But it said the inquiry is now would also examine whether the trustees “have failed to properly manage the charities’ funds”.
The Achiezer Association, according to its last published accounts for the year ending September 2015, received an income of £1,078,357 and spent £35,138.
Its main objectives are to offer relief to the “aged, infirm and poor” and advance education.
Achiezer received income from £113,145 in the year ending April 2016 and spent £34,302. Its remit is to give grants and interest-free loans to poor people and charitable institutions.
The listed trustees for both are David and Sidney Shalom Chontow. David Chontow is listed by the Charity Commission as a trustee for several other religious charities including the Initiation Society, which registers mohelim, and the Menorah Primary School.
The commission has now appointed two members of business advisory firm FRP Advisory to act as joint interim managers for the two charities.
Its report into the governance, administration and financial management of the charities would be published in due course.