Trust Closing Update
11 November 2013
Over the past year the Trusts' only activity has been the processing of applications for grants and matters relating to this. The audited financial report for the 2012-13 year was delayed by the matters refered to below but is now available here.
Unfortunately one of the unsuccessful applicants was moved to threaten legal action to force a judicial review of the Trustees decisions. This had the effect of delaying the disbursement of the grants for a few weeks before the applicant decided not to proceed. Our legal advice was that there were no grounds for such a review and that the claim was without merit. In the event the claim was withdrawn and the Trust was able to proceed with processing the grants.
All grants were paid by the deadline of 28th February with the exception of the Queens Redoubt Trust which was allocated such funds as remained once all winding up expenses had been met.
In May a complaint from an unnamed individual or group was made to the Attorney General (Crown Law) about the manner in which the Trustees distributed the Trusts' assets. It can only be assumed that the unsuccessful applicant had a nasty case of 'sour grapes'. The Trust fully complied with Crown Law's requests for information and pleasingly they decided that they "do not consider that there has been any misapplication of funds". A copy of Crown Law's finding is available here.
Sadly the impact of these legal shenanigans was to delay the wind up of the Trust and reduce the amount of money available for distribution and apply it to legal fees instead.
The Trustees have obtained a legal opinion that no further public meeting is necessary and so has now made the final distribution and appled to deregister the Trust.