Keep us a strong and independent voice for global justice: contribute today!

UK charity Novas Scarman Group looted, confidential auditors report, 15 Dec 2008

From Wikileaks

Jump to: navigation, search

Unless otherwise specified the document described here:

  • Was first publicly revealed by Wikileaks working with our source.
  • At that time was classified, confidential, censored or otherwise withheld from the public.
  • Is of political, diplomatic, ethical or historical significance.
  • Any questions about this document's veracity are noted.
  • The summary is approved by the editorial board.

Follow updates:

Secure talk join our chat.

To sponsor reportage of this document by mainstream journalists submit a targeted donation.

For press inquiries, see our media kit.

If you have similar or updated material ACT NOW.

For an explanation of the page you are looking at please look here.

June 23, 2009

Hundreds of the most vulnerable tenants in the UK may soon have no where to live.

In 2007 three significant UK charities, the Novas Group (Charity of the Year, 2007), PATH and the Scarman Trust merged to form the Novas Scarman Group:

"The Novas Group was Charity of the Year in 2007 and combines support for vulnerable individuals with major programmes of social enterprise development
The Scarman Trust pioneered support for grassroots social entrepreneurs and recently helped to develop proposals for a new Social Investment Bank – backed by both Gordon Brown and David Cameron
PATH supports Black and Minority Ethnic entrants to professions and has recently been given both the RTPI and Civil Service Diversity Award"[1]

Yet by December 2008, the new group was in undeclared bankruptcy.

Auditors BDO Story Hayward were commissioned to investigate the group. This file presents their confidential final report. It reveals that:

  • Monies from funders "have been deliberately been hidden from central and local Government and Novas’ regulator."
  • There were many substantial and irregular payments and or subsidies to executives and staff, from corporate credit cards to expensive art purchases.
  • At present, Novas is unable to pay creditors as they fall due, with a number of creditors have threatened/begun legal action against Novas.
  • Major housing assets must be disposed of to have a hope of medium term viability.
  • The accounts for the Scarman Trust were lost at the time of the merger.
  • There is not sufficient cash-flow to complete Arlington House, despite over 7,000,000 pounds already having been spent.
  • Novas, as it currently stands, does not appear viable in the short or long term.
  • The actions of Michael Wake, Maria Donoghue-Mills and Terry Lau may be regarded as misconduct.
fast site, current site, Sweden, US, Latvia, Slovakia, UK, Finland, Netherlands, Poland, Tonga, Europe, SSL, Tor

United Kingdom
BDO Stoy Hayward
Primary language
File size in bytes
File type information
PDF document, version 1.3
Cryptographic identity
SHA256 54ca4b8efaeec0b5b932b201c9ef77cfa82f052d7c12e2f7b5f20d36193854b7

Know something about this material? Have your say!
Personal tools