Captain Tom's charity experiences a decrease of £1 million in revenue.

Charity claims probe had significant negative effect on fundraising.

September 23rd 2024.

Captain Tom's charity experiences a decrease of £1 million in revenue.
Hannah and Colin Ingram-Moore have been facing criticism for their decision to continue fundraising in memory of Captain Sir Tom Moore. However, they have recently defended their actions, stating that it is their way of honoring and continuing their father's legacy. Despite this, the foundation set up in Captain Tom's name has reported a significant decrease in income over the past three years, with only £3,656 received last year compared to the previous £1.10 million.

The foundation, led by Hannah as CEO, has faced difficulties due to an ongoing investigation into its affairs. This has resulted in a drop in spending and a decrease in overall income. The foundation was initially created to spread Captain Tom's generosity and support various charitable causes. His famous fundraising efforts for NHS Charities Together raised a staggering £38.9 million during the height of the Covid lockdown in 2020.

The foundation has also organized fundraising events such as the 'Captain Tom 100' to celebrate what would have been his 101st birthday. However, these efforts have been hindered by the ongoing investigation by the Charity Commission, which began in July. The investigation has raised concerns about potential conflicts of interest with businesses owned by Hannah and her husband, Colin. As a result, the Ingram-Moores were disqualified from serving as trustees by the regulator.

The commission has stated that there has been misconduct and/or mismanagement, and the individuals are not fit to be trustees. In a statement, the family has expressed their disagreement with this decision and the emotional and financial toll it has taken on them. They have described the investigation as a harrowing and debilitating ordeal that has been ongoing for over two years.

The foundation has also been impacted by the commission's intervention, with all payment channels being closed while the inquiry remains open. This has affected their ability to raise new funds and carry out their operational activities. The foundation's future is uncertain, with the family's legal team indicating that it will most likely close once the inquiry concludes.

The latest annual return provided by the commission shows a significant decrease in income and expenditure, with no other details given due to personal information being redacted. The foundation, originally set up for the advancement of public health and wellbeing, has been under scrutiny for Hannah's role and pay as CEO. The commission refused to approve her salary of £100,000 a year, stating that it was not reasonable or justifiable. She later took up the role on an interim basis with a salary of £85,000 before stepping aside.

The commission's investigation also raised concerns about the foundation's governance and the trustees' decision-making process. Additionally, there were concerns about the connections between the family's businesses and the foundation. Hannah has admitted that they were naive but maintains that they are good and honest people running businesses that they understand.

On her website, Hannah has clarified that the foundation was set up by independent trustees and that she is not a trustee herself. She has also stated that she has never made any payments on behalf of the charity and that her primary goal is to ensure her father's legacy supports positive social change. The commission has confirmed that the inquiry is ongoing, and they cannot provide any further updates at this time. We have reached out to the Captain Tom Foundation for comment.

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