THE charity commission has raised no concerns about a Bolton charity investing in a care home company with links to one of its trustees.
Urban Outreach subscribed to an £85,000 bond used to fund a Woodlands Care project.
The money was used to build a 55-bedroom care home in Westhoughton which specialises in the provision of care for those with dementia.
Sam Lancaster, the charity's chair of trustees, was a director of Woodlands Care Group Ltd at the time, as well as being a director of the bond company, Coefficient Care Bonds Ltd.
A charity commission spokesman said: “According to information available to us, the trustees have declared this related party transaction and there is no evidence at this stage to suggest conflicts of interest have not been appropriately managed. Should further information come to light raising concerns we will assess this in line with our usual processes.”
But Urban Outreach's chief executive Dave Bagley told The Bolton News Mr Lancaster was not involved in the decision.
He said: “[The investment] created employment, provided care and we had a return on it."
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