I hold no brief for Mermaids but much will depend upon the grounds of the CC investigation. People mentioning Kids Company should note that we might not, yet, know the eventual outcome of that.
What did the Charity Commission find in its investigation of Kids Company?
The commission made a formal finding of mismanagement… It said the charity operated a “high-risk business model”, heavily reliant on Batmanghelidjh’s skills as a fundraiser. It criticised its failure to keep sufficient levels of financial reserves, though accepted this was not unusual in the charity sector. It questioned whether relatively high spending on payments to a small group of high-risk children was appropriate, but accepted the charity had the right to do it. It concluded no regulatory action should be taken against the trustees or Batmanghelidjh and agreed with the high court judgment there was no evidence the trustees were dishonest, acted in bad faith or sought inappropriate personal gain.
Does this mean the whole saga is over?
There is anger in some quarters that the Charity Commission did not acknowledge the scale of the injustice experienced by the trustees and Batmanghelidjh. There were claims that the commission seemed to underplay or ignore some of the judge’s findings, including her praise for the trustees’ conduct, and the suggestion the case should never have been brought by the Official Receiver in the first place. Batmanghelidgh questioned many of the critical findings, calling it a travesty and a rewriting of history. She has threatened legal action to overturn the report.
www.theguardian.com/uk-news/2022/feb/10/charity-commission-report-into-kids-company-questions-and-answers
A formal analysis (journal article) that largely agrees with the Guardian piece. I haven't been able to find an update on the intention to overturn the report.
Despite the criticisms levelled at the charity’s trustees and Ms Batmanghelidjh by the CC Report, the most significant aspect is that the Charity Commission decided that it would take no further action against any of the trustees or Ms Batmanghelidjh.
As noted above, any suggestion that the publication of the Report marks the end of this saga may be premature. It appears that Ms Batmanghelidjh intends to challenge the decision as set out in the Report in the form of a judicial review. She has been quoted as saying that she has "been left with no option but to consider [her] legal position and seek a judicial review of the Charity Commission[’s report]". 26 In short, watch this space
www.mondaq.com/pdf/1239442.pdf