Seven Dials Playhouse to have its finances investigated
West End theatre Seven Dials Playhouse will be investigated by a charity regulator over concerns about its long-term financial viability.The Charity Commission has launched a statutory inquiry into the charity, which provides facilities for the arts as well as theatre productions.The inquiry will allow the commission, an independent government department that regulates charities in England and Wales, to determine the extent of any misconduct or mismanagement and any risk to the charity.In a statement, a spokesperson for Seven Dials Playhouse said they were "disappointed" by the decision to open an inquiry but would cooperate with the investigation.
'New revenue streams'
Last year, the theatre decided to sell its central London property which prompted concerns around its finances and management.The commission has been engaging with the organisation since then and assessed its financial concerns as part of a regulatory compliance case.The regulator said it raised concerns about significant risks to the charity's funds after several revised drafts of a business plan failed to give reassurance about the theatre's long-term financial viability.The inquiry will investigate whether the trustees have complied with their legal duties in the administration, governance and management of the charity.A spokesperson for Seven Dials Playhouse said they had completed the sale of its building in September 2024 to "generate new revenue streams and build a sustainable future, following the collapse of the old membership and training model".The statement added: "We must also acknowledge that the existence of the inquiry itself, especially the public nature of its announcement, has the potential to cause reputational harm. "Nonetheless, we will continue to do everything possible to provide transparency, clarity and co-operation throughout this process."In December 2024 the charity organisation said in a website post that it had "struggled" since it reopened in February 2022, "due to the ongoing ramifications of Covid-19".
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Daily Mail
an hour ago
- Daily Mail
ANDREW PIERCE: Is Angela Rayner's hard-Left boyfriend plotting to put her in No 10 as revenge for his sacking by Starmer's ruthless right-hand man?
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Later that year, he was deselected as the MP for Ilford South. Tarry, who was part of Jeremy Corbyn's leadership team, blames his downfall on Starmer's all-powerful chief of staff, Morgan McSweeney, who wants to purge the party of Left-wingers. Revenge is a dish best served cold, they say, and Tarry is pushing for Rayner to be the first elected woman leader of the Labour Party. In the run-up to the election, Rayner ruled out a tilt at the top job because she knew Labour was destined to win big and assumed that Starmer would be a fixture in No 10 for years. Since he became PM, however, support for Labour has collapsed faster than that of any newly elected governing party in the past 40 years. Starmer's personal rating is a woeful minus 46 per cent. And Rayner is popular where it counts – with party members. 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The Independent
an hour ago
- The Independent
Three union leaders included in King's Birthday Honours
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Times
2 hours ago
- Times
HMRC can't be bothered to send letters (unless you owe it money)
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