Categories:Charities,Tax,UK

Charity Commission responds to Public Accounts Committee’s report

The Cup Trust, set up as a charity in 2009, raised £176m from donations during its first two years but distributed just £55,000 to charity and claimed approximately £46m in Gift Aid.

The Charity Commission has been heavily criticised for registering the Cup Trust as a charity. In its response to the Public Accounts Committee (PAC) on this point, the commission responded that it has reviewed its decision and came to the same conclusion, as the Cup Trust was legally established for exclusively charitable purposes for public benefit and fell within the jurisdiction of the High Court. Further justification for this decision is due to be published once the ongoing statutory inquiry into the Cup Trust has concluded…

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