Stephen Hession (51), of Broadway Gardens, Peterborough, is due to appear before magistrates later this month charged with two counts of theft by an employee.
It relates to the alleged theft of £76,819 and £24,821 from Peterborough Diocesan Family Care, based in High Trees, Eastfield Road, where Hession was the finance director and company secretary.
The alleged theft of £76,819 relates to a period between June 1, 2008, and June 25, 2010, while the second alleged theft relates to May 21, 2009.
He will appear before Peterborough magistrates next Thursday.
A spokesman for the charity said: “We will not be commenting on this matter.”
According to Companies House, Hession’s tenure at the charity came to an end with his resignation on November 18, 2011.
He is well known locally as being the musical director at the Key Theatre, as well as being part of the Steve Hession Big Band. Peterborough Diocesan Family Care has existed for about 150 years and works closely with local authorities to provide risk assessments for families, as well as support services for children with mental health or disability issues.
The organisation is now in talks about merging with a larger national charity, thought to be Spurgeons, because of the reduction in government funding for charity sectors.
A statement published on the charity’s website, referring to recent government funding cuts, said: “As a result of this and other events, Family Care has over recent years become a much smaller charity than it once was.
“It is with a great deal of sadness and yet pride, that the trustees have entered into negotiations to merge Family Care.”
OBR: £50bn of extra spending cuts needed in Britain - Daily Telegraph
In its inaugural sustainability report last year, the OBR warned that as people live longer, health, social care and state pension costs will set off on an "unsustainable upward trajectory" over the next 50 years.
The OBR said it calculated that permanent tax rises or spending cuts worth £22bn in today's prices would be required in 2016-17 to maintain debt at the previous target of 40pc of GDP. It stressed that such a move could be staggered over time.
Today's report will also provide an update on the true state of the nation's finances, taking into account the cost of public sector pension promises, private finance initiatives, nuclear decommissioning and support for the banking sector.
Even after offsetting those liabilities with certain public sector assets, the OBR is reportedly expected to show that the "whole of government accounts" (WGA) measure of public debt is £500bn higher than official figures.
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