Company denied charity status sets up trust
A healthcare company that was refused charitable status on the grounds that it did not provide public benefit has set up a separate charitable trust.
However, the commission has now registered a new organisation, the Odstock Charitable Trust, as a charity. The trust will work only with NHS patients and will function separately from its parent company. The company will gift its profits to the charity.
In a statement, a commission spokesman said: “The commission is satisfied that the Odstock Charitable Trust has been established for exclusively charitable purposes for the public benefit, and should be registered as such.
“The position with regard to OPCL remains unchanged.”