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Thursday31 July 2014

Charities' worries over Charles accession

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Constitutional expert points out funding fears

A constitutional expert has warned charities closely associated with the Prince of Wales they face financial problems when he accedes to the throne.

Bob Morris of the UCL’s Constitutional Unit said those charities such as the Prince’s Foundation for Building Community, headed by Hank Dittmar, could be hit in the pocket when he becomes King as convention dictates that the monarch avoids raising money on behalf of individual organisations.

“Whereas it might be acceptable for the Prince of Wales to be seen drumming up the cash as it were, that’s not something one would expect of the Head of State,” he told the Times.

The Prince, who is president of the Prince’s Foundation, regularly attends events put on by his charities to help raise funds and appeal for donations.

According to the latest report and accounts for the Prince’s Foundation for Building Community, the charity had a total income of £8.3 million in the year to March 2012 – with £5.4 million of this coming from grants and donations.

It spent £7.4 million during the same period with the largest figure – £3.3 million – going on staff costs. It had 64 people on its payroll with the highest paid staff member picking up at least £210,000.

A Prince’s Foundation spokesman said: “These questions are speculative so we are not in a position to comment. If a time arises when such decisions do need to be made, they will be done so by the Board of Trustees of the independent charities in discussion with their President.”

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Readers' comments (1)

  • Income 8,300,000
    staff expenditure 3,300,000

    nearly 40% of cash raised disappears up in smoke.
    Clearly not an ideal situation to start with!

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