Accies Community Trust in default

Match day discussion, transfers, and all things Accies

Accies Community Trust in default

Postby TerracingTomas » Wed Mar 18, 2020 3:33 pm

Charity Details
Hamilton Academical F.C. Community Trust, SC038553
Documents 77 days overdue
Registered charity from 08 August 2007
Overdue
This charity failed to provide information on its finances within 9 months of its Financial year end date. Where the number of ‘documents days overdue’ exceeds 75, this charity is classed as ‘defaulting’. We actively pursue defaulting charities using our powers under the Charities and Trustee Investment (Scotland) Act 2005.


Found this on the Office of the Scottish Charity Regulator website. Unless the Trust’s accounts have been submitted at the last minute it is now in default. If in default the charity regulator has extensive powers to obtain the information it needs to satisfy itself with regards to the charity’s financial status including entry to premises and the seizure of document and computers etc.

Sometimes this happens because the charity has ceased to exist and nobody is around to wind things up. More likely in this case it's a reflection of the shambles that is the off the field business operation of the club, stadium company etc. Like the online shop that failed to deliver orders, the 10-year plus wait for a card reader, the bank account with one authorised signatory and sponsors who haven’t a pot to piss in. While the charity is technically a stand alone operation the club channels funds for the youth academy through its books e.g. grants from the SFA and the payment of Academy coaches including salaries and expenses. Its time Ronnie, who is a very successful businessman, flexes his muscles and puts somebody in place to oversee all aspects of the business that is Hamilton Accies particularly in the current environment.
TerracingTomas
Premiership
 
Posts: 733
Joined: Tue Jan 30, 2018 4:53 pm

Re: Accies Community Trust in default

Postby Altoman » Wed Mar 18, 2020 5:07 pm

Doesn't get any better. It all looks very suspicious and feels like it is only a matter of time before the club gets raided.
Altoman
Pub League
 
Posts: 3
Joined: Tue Jan 29, 2019 11:16 am

Re: Accies Community Trust in default

Postby porcupine » Thu Mar 19, 2020 11:57 pm

Just surprised, TT, that you didn't put the Subject as "Even More Bad News"!! :oops: :oops:
porcupine
Premiership
 
Posts: 942
Joined: Fri Sep 26, 2014 8:08 pm

Re: Accies Community Trust in default

Postby TerracingTomas » Fri Mar 20, 2020 12:44 am

I was being generous Porcupine as I find it hard to believe that after 11+ months the accounts have not been submitted. I’m still expecting some excuse otherwise the charity’s trustees would be failing in their duties.
TerracingTomas
Premiership
 
Posts: 733
Joined: Tue Jan 30, 2018 4:53 pm

Re: Accies Community Trust in default

Postby porcupine » Fri Mar 20, 2020 4:53 pm

it's times like this,TT, when we find that we have much in common, each with a very healthy dose of cynicism the way certain football clubs are run. :roll: :roll:
With extra time on my hands just now, I must look at your findings in more detail. :lol:
porcupine
Premiership
 
Posts: 942
Joined: Fri Sep 26, 2014 8:08 pm

Re: Accies Community Trust in default

Postby porcupine » Fri Mar 20, 2020 5:10 pm

Did you read the redacted March 2018 PDF balance sheet,TT? Interesting.... Exactly £8000 of cleaning. Wonder who owns that company? AND, surprise, surprise, Cyber Theft of £100,333 written off too.

No idea who the trustees are, as they have been redacted, but states, no less than three, no more than eleven, all with the "appropriate skills and expertise to be a Trustee" of this Registered Charity.
porcupine
Premiership
 
Posts: 942
Joined: Fri Sep 26, 2014 8:08 pm

Re: Accies Community Trust in default

Postby TerracingTomas » Tue Jul 07, 2020 1:36 pm

You wait months for a set of accounts and 2 come along at the same time. The Community Trust have obviously done a deal with the charity regulators as they have now submitted their way overdue 18/19 accounts but also the 19/20 ones. No details as the accounts are currently being redacted before being posted on the OSCR website.
TerracingTomas
Premiership
 
Posts: 733
Joined: Tue Jan 30, 2018 4:53 pm


Return to The Accies

Who is online

Users browsing this forum: No registered users and 12 guests