Kingsway International Christian Centre

==Charity Commission enquiries==
Irregularities in the operation of the charity behind Kingsway International Christian Centre (The King's Ministries Trust) has led to it being investigated by the [[Charity Commission]] on two occasions.

The first investigation started in 2002 and reported in October 2005. This report concluded that there had been serious misconduct and mismanagement in the administration of the charity. At an early stage in the investigation, it was considered that the charity's assets were at risk, and control was removed from the existing trustees and placed in the hands of an independent external company (the accountancy and management consultancy practice KPMG), who regularised the charity's affairs. The Charity Commission reported that senior pastor Matthew Ashimolowo acted as both a trustee and a paid employee of the charity, in contravention of charity law. He had been responsible for approving payments and benefits to himself and his wife, Yemisi, totalling more than £384,000. Benefits received included free accommodation for himself and family, an £80,000 car, purchase of a [[timeshare]] in [[Florida]] for £13,000 using a charity credit card, and over half a million pounds paid out to Ashimolowo's private companies, which were operated from church property and had unclear business relationships with the charity. £120,000 was spent celebrating Ashimolowo's birthday. He repaid £200,000 to the charity.

A second statutory investigation into misapplication of funds was reported to have started in February 2011. The charity had received £10m from the London Development Agency for the compulsory purchase of its property in [[London Borough of Hackney|Hackney]] wanted for the 2012 Olympics.  Subsequently, the Commission enquired into £5m given for investment to a former trustee, the former professional footballer [[Richard Rufus]] in 2009/10 and 2010/11. Although the trust reported returns from the investment of £1,336,720 in its accounts, the commission's appointed accountant says that there is doubt about whether the charity would get the original £5m back. The Trust has been told it must obtain written permission from the Charity Commission before making any more investments.<ref name="3rd">{{cite web |url=http://www.thirdsector.co.uk/bulletin/third_sector_daily_bulletin/article/1136458/christian-charity-told-gain-charity-commission-approval-making-investments/?DCMP=EMC-CONThirdSectorDaily |title=Christian charity told to gain Charity Commission approval before making investments |publisher=Third Sector |date=2012-06-14 |accessdate=2012-07-08}}</ref>

The cost of the Charity Commission's running of the first investigation was questioned in the [[House of Lords]] by Lord Swinfen during a review of charity law. The three-year-long investigation had cost £1.2 million, chargeable to the charity.<ref name="hansard">{{cite web |url=https://publications.parliament.uk/pa/ld200506/ldhansrd/vo051108/text/51108-25.htm |title=Lords Hansard text for 8 Nov 2005 |publisher=UK Parliament |date=2005-11-08 |accessdate=2009-02-21}}</ref>