The Charities Regulator has confirmed that they are now satisfied with the way the Donegal-based charity Good and New Shop is run.
The charity had been threatened with legal action after it emerged it received over €400,000 more than it spent in the two years previous.
Following an inspection in June, the charities regulator say they are satisfied that the Donegal-based charity the Good and New Shop has adopted the necessary of course of action, identified by the Regulator.
They say that on the 5th of February this year, the Charities Regulator issued a notice to the Good and New Shop following an assessment.
It found the charity had contravened section 47 of the Charities Act 2009 by failing in its duty to keep proper books of account.
The contravention was published by the Regulator, and the charity was told to rectify the situation within a specified timeframe.
The Regulator also required the charity to introduce formal procedures for maintaining adequate accounting records.
This includes regular financial reporting detailing the income, expenditure, assets, and liabilities.
An inspection on June 28 confirmed that has now taken place.
