Investigation into Mayfair Charities
The Charity Commission last month released the findings of an investigation begun in July 2012 into concerns over Mayfair Charities’ financial accounts, and in particular a complex network of property-related financial arrangements between the charity, its trading subsidiaries and companies connected to the trustees.
The charity, established in 1968, works to support charitable Jewish organisations in the UK and abroad, with a focus on education and the relief of poverty. Prior to the investigation, income of around £12.5m was declared, with expenditure of around £4m.
The commission concluded that where the charity rented out residential and commercial properties it owned at market rate and used the income to make grants to charitable causes, this was ultimately of benefit to the charity…
Click on the link below to read the rest of the Withers briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Withers
News from The Lawyer
Briefings from Withers
22 April 2014 marked ‘the largest reform of the family justice system any of us have seen or will see in our professional lifetimes’, according to the president of the Family Division.
Withers’ Graham Elliott discusses the points he found most interesting from this year’s Charity Tax Group annual meeting.
Analysis from The Lawyer
A merged Withers and Speechly Bircham would have scaled The Lawyer’s UK 200 with a turnover of about £170m, and created one of the world’s largest specialist private client teams. So what went wrong?