In June the commission announced that it was adding Chessed L’Yisroel to its class inquiry into charities.
This was for failing to file annual returns, reports and accounts with the commission by the due dates over four years. Analysis of bank statements for 2011 revealed a reported income of approximately £140,000 and expenditure of £139,000.
The charity has since resubmitted a conflicting set of accounts for that year which show an income of approximately £632,000 and expenditure of £724,000. The resubmitted accounts contain a qualified audit opinion, which prompted concerns about the charity’s financial affairs.
Chessed L'Yisroel took out a loan for £131,489 the same year. It has not been repaid. The charity has not explained why it did not repay the money or what it did with it.
