It has been revealed this week that Innocent, the UK's largest manufacturer of smoothies, has been holding onto cash pledged to its charitable foundation. Totaling just over £500,000, Innocent raise the money by pledging 10% of takings to the foundation which helps build community projects in the countries where Innocent source their fruit. However, in analysis of documents filed at Companies House and the Charity Commission, it has been revealed that no money has been donated since 2008. A spokesperson for the company remarked that the company's commitment to charity was "true and decent". She said the foundation benefited by allowing Innocent to look after its money, explaining that Innocent's bank account accrued more interest than that of the charity.
She expressed regret that an "oversight" had led to no interest being paid to the foundation in 2008, and said the charity would be invoicing Innocent for the £5,000, which would have been accrued were interest charged at 2%.
Innocent have also pledged a one-off donation of £250,000 to the foundation for 2011.
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Source: The Guardian
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