Best ignore the adverts urging you to donate to charities for the homeless, the mentally ill and the drug addicted. Take a plate of minced pies out to the streets instead, it will do more good.
The âformer chief executiveâ, Mike Potts, of just such a charity, âPeople Canâ, has been left âshockedâ, shocked I tell you, by the news that the local council will NOT be taking over the essential services that he should have been providing to 452 âprofoundly vulnerable peopleâ this Christmas time. Victims of rape, child abuse, serious domestic violence, and self harm.
Why wonât the charity be providing these services to such âprofoundly vulnerable peopleâ this Christmas?
That is because charity begins at home â and âPeople Canâ has gone bust providing excellent pensions to its (currently) 300 employees and former employees. They were offered the opportunity to take a cut in their pensions and continue to provide help to those âprofoundly vulnerable peopleâ.
Potts said his charity was stable financially and winning new contracts. But after a write-down in the value of its assets, it found itself with a Â£17m pension liability. It presented a solution to the Pensions Trust, which operated its pension scheme, that it said would have allowed it to meet its obligations while continuing as a going concern, but this was rejected, pushing it into administration.
Stephen Nichols, chief executive of the Pensions Trust, said the rescue proposal was flawed. The trust considered People Can to be unviable, and he said it had a duty to protect the interests of its other members.
Never let it be said that charity has a duty to protect the interests of those it seeks donations forâ¦