King Charles's Foundation suffers blow after regulator finds 'serious' and 'unacceptable' failures

However, it stopped short of alleging misconduct.

As reported by Newsweek, the watchdog's report reads: "The inquiry found the historical governance of the charity had not always been up to the standard required.

"This finding is in relation to the historical approach to decision-making and record-keeping.

"However, the inquiry did not find evidence of misconduct by any of the former or current trustees who were in office at the time."

The report stated that in considering these issues, the evidence “does not indicate or demonstrate a sustained pattern of inappropriate governance or serious failings in the governance of the charity as a whole.”

In relation to the charity’s former CEO, the inquiry found that some of his actions resulted in the charity being exposed to substantial risk.

It was unacceptable that he did not brief the charity trustees on some of these serious issues as soon as they arose.

By not doing so the former charity trustees’ ability to react to the risk faced by the charity was hindered, the report said.

It concluded: “Based on all the information gathered, OSCR does not consider that there was misconduct on the part of the former CEO.”

GB News has reached out to the King's Foundation for a comment.

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The King's Foundation, formerly the Prince's Foundation, is an educational charity established in 1986 by King Charles.

Its purpose is to teach and demonstrate the principles of traditional urban design and architecture.

People and the communities of which they are part should be at the centre of the design process.