William Shawcross, Chairman of the Charity Commission:
I welcome this report which highlights the role of trustees, including the sharp focus on their charities’ finances. We have already updated our guidance, particularly on managing financial difficulties and setting appropriate levels of reserves.
We are raising awareness of our regulatory role with the public and will explore the committee’s other recommendations, including the ease with which people can make complaints. I am pleased that the committee acknowledges the need for adequate funding of the commission, necessary for us to fulfil our regulatory role.
Our inquiry into Kids Company is ongoing and we will publish our report once it is concluded.