Charity spent 98% of money raised on salary for employees – media — Analysis
Earlier, the Queen’s Commonwealth Belief made headlines for selling Prince Harry’s teaching app
A royal charity that has none apart from the Queen as its patron spent a whopping 98% of the cash it raised in 12 months on salaries for its 10 staff, the Each day Mail claims.
In accordance with the report, the Queen’s Commonwealth Belief (QTC) had collected £796,106 from donations within the interval from March 2020 to March 2021, £787,314 of which allegedly went straight into the coffers of its workers. The charity’s 5 prime executives are stated to have raked in additional than half of that sum – £420,000 – the Each day Mail claims, citing Charity Fee accounts. The paper discovered that the Belief’s chief government made at the very least £140,000 that yr.
The Queen arrange the charity again in 2018, with its predominant objective outlined as offering funding, instruments, and assist for younger Commonwealth leaders to assist them remodel their communities throughout agriculture, schooling, employability, and extra.
Commenting on the sum of money spent on salaries, a QTC spokesperson advised the Mail that “on April 1, 2021 QCT restructured lowering the dimensions and prices of its senior group.” The transfer will translate right into a “considerably decrease” spend “on the Senior Administration Crew” within the present monetary yr, the QTC consultant stated, in line with the newspaper.
Earlier, the royal charity acquired some media consideration after it endorsed US psychological well being app BetterUp, which has Prince Harry as its chief affect officer. The Queen’s Commonwealth Belief has featured testimonials which characterize the teaching app as “really phenomenal.”
By the way, Prince Harry used to function the QCT’s president earlier than he stepped down from his royal duties.
The QCT revealed to the Each day Mail, nonetheless, that the partnership with BetterUp shouldn’t be a one-way road the place the US teaching enterprise is the only beneficiary, receiving favorable publicity. In accordance with the paper citing a QCT spokesperson, BetterUp is offering younger leaders with a few of its companies freed from cost.
The QCT consultant, as cited by the Each day Mail, described the corporate that Value Harry works for as offering “substantial profit to the Younger Leaders supported by QCT in order that they’re higher ready for the pressures of operating social enterprises.” The charity added that BetterUp’s help was a “beneficiant one-off reward from Prince Harry, the Duke of Sussex, because the Former President of QCT, with a purpose to assist younger folks.”
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