Henry Brown & Co Chartered Accountants
Map Facebook Twitter picasa 
26 Portland Road · Kilmarnock · Ayrshire · KA1 2EB | Call us on: +44 1563 522308

Charitable fund could help pay down deficit


A High Court judge has said a charitable fund set up by an anonymous donor in 1928 could be used to pay off some of the UK’s national debt. The National Fund was created with a gift of half a million pounds that was to be left until it had grown large enough to discharge the UK's national debt. Mr Justice Zacaroli ruled that the fund, which is now worth £512.2m, is a valid charitable trust, meaning it can be used to help pay off the country's national debt.

Latest News