Regulator Appoints Manager To Charity Wick Academy Development Fund As Part Of Decade-long Inquiry

The Scottish regulator has appointed a manager to take over a charity as part of a decade-long inquiry to ensure its trustees do not part with its property without consent.

The Office of the Scottish Charity Regulator opened an inquiry into Wick Academy Development Fund in September 2010 after concerns were raised about its public benefit, and a failure to make use of its accumulated funds.

Formed in 2002, the charity's purpose is to "provide facilities, or assist in the provision of facilities, in the interests of social welfare for recreation and other leisure-time occupation so that their conditions of life may be improved".

Up until April 2009, the charity raised £140,000 by selling lottery tickets in the Wick community. However, none of the money was ever spent, according to the OSCR.

Full details at https://caithness-business.co.uk/article/12944