Paul Elliott made the PFA aware that he was exploring a particular financial arrangement to help him through a difficult period.
The PFA queried the arrangement to determine whether it would impact upon his eligibility as a trustee. However, Paul had received legal advice that confirmed that the arrangement would not impact upon the eligibility criteria.
Following a review of this advice, clarification was received from the Charity Commission, who felt that the arrangement would put Paul in breach of the eligibility criteria. With this new advice, Paul decided to tender his resignation as a trustee in accordance with Charity Commission and PFA guidance.
Paul has been a valued trustee and we wish him well while he works through these difficult issues.