The Charity Commission of England and Wales is concerned that about 100 charities have been writing cheques to “cash”. From an internal control perspective, this makes it hard to know who is receiving such funds and should either never be done, or only be done in very limited circumstances.
Here is the press release from the Charity Commission:
Serious concerns over use of £22 million triggers investigation by charity regulator
The Charity Commission has launched a statutory class inquiry into several charities and issued orders to temporarily restrict the issuing of cheques.