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FRED DONE SLAMMED BY CHARITY COMMISSION OVER £290,000 SALFORD DAM DONATION
 

Star date: 19th July 2019

DONE CHARITY DONATION TO WORSLEY DAM PROJECT WAS 'CONFLICT OF INTEREST'

The Charity Commission has slammed the trustees of the Fred and Maureen Done Charitable Trust over a "conflict of interest" after £290,000 was donated to improvements to the Old Warke Dam in Worsley – which Fred's mansion, The Aviary, overlooked.

The Trust also loaned money to one of Fred Done's private companies, which was also criticised by the Charity Commission.

Full details here...


Back in 2014, the annual report of the Fred and Maureen Done Charitable Trust reported that £290,000 had been donated towards the improvement of the Old Warke Dam in Worsley...

"The work involves dredging of the dam to allow better views, removal of a number trees and debris from Kempnough Brook to increase the flow of water and the creation of a new viewing platform and jetty to provide almost a bird's eye view" the report stated "This project will help towards improving Old Warke Dam and the surrounding woodland and will attract a lot more visitors to the area."

This, and a £5,000 donation to the Muscular Dystrophy Campaign plus £200 to artist Mary McHugh, were the only donations that year from £303,600 held by the charity and donated by Fred Done. 

The annual report failed to mention that Fred and his late wife, Maureen, owned the grand 19th Century mansion, The Aviary, which overlooks the Dam. 

The Trust later received £75,000 gift aid on Fred's £300,000 original donation and loaned £75,288 to Golden Tree Financial Services, within which Fred Done was a director and majority shareholder along with Maureen and brother Peter.

The charity's aims are "for the public benefit, such charitable purposes as the trustees shall determine in their absolute discretion from time to time". A Betfred spokesman explained that the loan enabled the charity to earn a high rate of interest which could then be donated to 'worthy charitable causes'.
 
The latest issue of Private Eye reports that the Charity Commission opened a regulatory compliance case into the Trust and the trustees' involvement in the charity's spending. At the time, as well as Fred Done, the other trustees were his daughter Lea Anne, brother Peter Done and accountant Tim Maher.

"We engaged with the trustees, concluding that trustee involvement in the decision to approve the charity's financial support to the Old Warke Dam represented a conflict of interest" the Commission told the Eye "We also considered that any conflicted trustee should have removed themselves from the decision to loan charitable funds to a private company."

The Charity Commission then directed the Trust to appoint 'non-conflicted trustees'. The latest details for the Fred and Maureen Done Charitable Trust for the year ending 31st March 2018 show three trustees on its board – Fred Done, Lea Anne Done-Jackson and Peter Done – with income of £500, spending £5,300.

The Eye also reports that the Done brothers, estimated wealth £1.25billion, also donated £1million from their Betfred empire towards a brain scanner for the Royal Manchester Children's Hospital.


This is not the first time Fred Done has been involved in a media scandal. See previous Salford Star articles...


14 Companies With Vested Interests in Salford Development Funded Salford City Mayor Trip To South of France – click here

Fred Done Wealth Rises £20million As He Gets £22million Public Subsidy – click here

Fred Done Wins Salford Star Feed The Rich Award – click here

Fred Done publicly Subsidised Flats Marketed to Hong King Investors – click here

ROSSI wrote
at 05:44:37 on 28 July 2019
Be quiet Ray, you bloody cuckold. You know nothing about anything. Oh and Done is having new skyscraper apartments being built in various places off Chapel Street, and your Salford Labour "heroes" love him. Isn't it about time you started singing from the same hymn sheet again? Remember, deviation from The Party Line will NOT be tolerated.
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Rayofsunshine wrote
at 05:43:41 on 28 July 2019
Having thought further about this matter,I feel that the Fred and Maureen Done Trust should appoint an Independent auditor. The auditor would be tasked to determine whether any of the trust's donations led to Fred Done be given either "a planning" or "an amenity" gain in respect to his mansion. If indeed it is found that Fred Done did gain from the donations made by the trust,then he should recompense the trust the monetary value of any actual planning or amenity gain delivered to his property.
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Rayofsunshine wrote
at 08:37:18 on 27 July 2019
Rather than doling out charity,the Fred Done Empire should fully meet its tax obligations - forswearing "creative accounting" and other taxation minimising strategies! In addition Fred Done should pay a special levy to fund the treatment/rehabilitation of gambling addicts!
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Mr Brexit wrote
at 09:23:42 on 26 July 2019
Mr troll hunter, is mr done just trying to buy his place in heaven, his business has destroyed thousands of people and their families lives and knowing he’s got a short time left on this mortal coil, is now trying to buy his place upstairs.
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Troll Hunter wrote
at 18:14:10 on 22 July 2019
Lazy journalism, your criticizing someone for donating to the upkeep of a northwest landmark and for donating 1 million towards a brain scanner. Heaven forbid you'd need use of it, I’m sure you'd morally say "I refuse use the scanner Mr Done contributed towards" ?? Hypocrites
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DJB wrote
at 14:19:01 on 20 July 2019
Not a fan of Done but can't see what he's done wrong. He doesn't have to have a charitable foundation and he doesn't have to help keep a local landmark well maintained. Seems to me that there are jealous people who don't like the fact he lives in a nice area and has invested in this area, think if any of us were honest we'd all do the same.
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bob the regular wrote
at 16:59:22 on 19 July 2019
The board of trustees of any charity in the country have a duty to get the best interest and to make sure the money is safe as possible and not take risky investments. If the charity in question had put the money in the Halifax, they would have got half per cent interest. We all know not long ago what happened to the Halifax.Mr Dones companies all probably borrow large amounts of cash.Because of who their boss is, they most likely pay less for money than we do,say 5 per cent. All mr dones companies are viable money making and sound ventures from a financial point of view,and no doubtthe directors and trustees who are the same people know this. What they did in my view is right and sensible. What should they have done, put the cash into the bank at half per cent and the bank charge their company 5 per cent? I bet thats what our Ray will say should have happened. What about the fixing of the Dam, well, many people ,including my late parents used to go walking in the woods near there, they took me as a toddler. many people go walking round there. How many other Worsley residents will say they want to encourage more visitors to their area? Lets have it straight, the people who don't like Fred Done are just jealous of him because he is very rich. I don't know him, but I know people who have had dealings with him. They say he is just ordinary, alright etc. That will do me, thats all you have to be,"alright".
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Dazza wrote
at 12:46:18 on 19 July 2019
Bit late for them to do anything now, it’s literally Done and dusted.
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