After spending over £100 million since inception they are now ‘spending out the remaining funds and will close to new applications by 2019.’
THE QUEEN’S COMMONWEALTH TRUST 1172107 was formed in 2016 and registered as a charity in 2017. Based on ‘The Queen’s belief in young people as a force for good. This new charity claims to be focusing on sport, education, health and environment. The Trust’s ambition is to enable young people to build a better future for all. ‘This new venture may also be a precursor to the inevitable vacuum and fund raising opportunity when the Queen dies.
- Fragmented organisation can be costly, lack focus and create duplication and potential division.
- Large reserves, cash balances and investments are costly to service and administer. At the same time charitable benefits are delayed or denied.