Once again, David Cameron’s urban talisman and infamous Tatler Tory flop Shaun Bailey has been caught taking a laissez-faire approach to financial management, with charity My Generation’s accounts being 14 days late, meaning valuable donations will now be redirected to pay penalty fees.
This marks the fourth time in five years that the charity’s accounts have been overdue, with Bailey previously excusing such incompetence by claiming:
“What you are dealing with is a kid from the estate who had a good idea to do this and never had a wider view of accountants and lawyers”.
But after a parliamentary campaign and years at the helm of a growing charity, the former Hammersmith candidate’s feeble attempts at explaining My Generation’s behaviour simply do not wash. In fact, visiting the annals of Scrapbook past, the charity have a history of charitable donations going unaccounted for:
- In April 2010, the charity reached the headlines with massively disproportionate back-office costs and an inexcusable failure to account for nearly £16,000 in funds.
- Further digging revealed that despite being a local charity with its focus centered on neighbouring London boroughs, the charity spent nearly £60,000 a year on travel and “subsistence”.
- And, accounts showing a tripling of expenditure on publicity to £90,000, which conveniently coincided with Shaun Bailey’s parliamentary campaign.
Let’s just hope that when the accountds are finally received, they are more accurate than previous attempts.