Charity watchdog panned over trust

Updated
Coins and notes
Coins and notes

The charity watchdog should never have granted legal charitable status to a trust which raised £176 million in two years but paid out just £55,000 in charitable donations, according to a report from a powerful committee of MPs.

The Charity Commission's failure to stop UK-registered charity the Cup Trust abusing the law to avoid tax is "unacceptable" and could have been easily avoided through carrying out elementary checks, the Commons Public Accounts Committee said.
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