A charity run by the husband of Tory peer Michelle Mone has been shut down – and details of recent cash donations will not be made public.

The Barrowman Foundation announced it was being dissolved days after watchdogs found faults in its operations after a 14-month inquiry.

Earlier this year, the Sunday Mail revealed how the fund had made undeclared donations to the think tank of former Conservative leader Sir Iain Duncan Smith.

The Foundation, set up by Baroness Mone's husband Doug Barrowman, has failed to file accounts for 2022. And its books – giving details of who received cash from the charity – may never see the light of day.

The revelation comes after the Glaswegian couple finally admitted they were indeed linked to PPE Medpro – the company mired in a £200million Covid-19 fraud investigation.

Last night, there were calls for the Charity Commission to publish all paperwork connected to the Foundation.

Scottish LibDem justice spokesman Liam McArthur said: “With probes into the distribution of huge government Covid contracts still ongoing, it’s important that all information about the complex web of financial arrangements that links the Barrowman Foundation, its founders and their businesses, is preserved until it’s clear that it’s no longer needed.

“One step that could boost transparency is for the Barrowman Foundation’s most recent accounts and the regulatory findings of the Charity Commission to be made public.”

Join the Daily Record's WhatsApp community here and get the latest news sent straight to your messages.

The watchdog launched its probe into the Barrowman Foundation in August last year, to deal with
“concerns” about its operations.

Investigators recently wrapped up their inquiry and issued the fund with “advice and guidance” – though their findings are being kept secret.

But last week, the Foundation’s trustees lodged an application for it to be dissolved despite its accounts for 2022 being overdue. A Charity Commission spokesman said: “At the conclusion of our compliance case, we provided the trustees with advice and guidance, [which] is not publicly available.

“We have now received notification of the trustees’ intention to dissolve the charity and are currently engaging with them to ensure this is completed in line with their duties, including any financial reporting requirements.

“Once a charity is removed from the register its accounts are unavailable to view.”

Tax consultant Barrowman, 58, cannot give cash to the Conservatives because he lives outside the UK electoral system on the Isle of Man. But Lancaster Knox LLP – part of his Knox Group of companies – is registered in London and handed over donations of £221,480 to the party between 2017 and 2019.

At the same time, Barrowman set up the charitable foundation bearing his name. Between 2017 and 2021, it made donations of £1.97million but its accounts threw a cloak of secrecy over where the cash was going.

The books for 2019 and 2020 both claimed only that the single “main pledge” was to the Prince’s Trust.

However, we revealed last January that £470,000 had been given to the Centre for Social Justice (CSJ).

The Tory-led anti-poverty think tank was handed three sums between 2019 and 2021, and was the Foundation’s main beneficiary in 2020, receiving nearly half the charity’s turnover.

Its gifts were bankrolled by a personal contribution from Barrowman of £1.46million. The CSJ was set up in 2004 by Ian Duncan Smith – known as IDS – who led the Tories between 2001 and 2003 and chaired Boris

Johnson’s bid to become party leader in 2019 – and was knighted a year later. IDS remains CSJ chairman. In 2021, the think tank made Barrowman the head of a new CSJ Foundation, but he quit when questions began to be raised about his business affairs.

Mone, 52, earned a fortune from her Ultimo bra range and was made a Tory peer by David Cameron in 2015. She and Barrowman are being probed over PPE Medpro, which was awarded £203million of taxpayers’ cash for gowns and masks after she lobbied Conservative ministers for the firm to be put in a VIP lane for Covid deals.

They both repeatedly denied having any link to the company. But leaked paperwork suggested it later paid Barrowman £70million, who then handed £29million of it to a trust set up to benefit Mone and her three children.

Two weeks ago, the pair finally admitted that Barrowman had indeed been the chairman and main investor in the company, while Mone acted as an inter-mediary with the Government.

Ministers are suing to reclaim £122 million from PPE Medpro as much of the equipment it supplied was defective. Barrowman has also been charged with corporate tax evasion in Spain, where he could face jail if found guilty.

The Foundation was approached for comment.

Don't miss the latest news from around Scotland and beyond - Sign up to our daily newsletter here .