Jenner, and his business partner Anthony Mehigan, set up the Cup Trust charity in 2009. The Cup Trust, which was registered through Mountstar (PTC) Ltd in the Caribbean, received £177 million in donations in a year.[1][2]
Donors to the Cup Trust benefited from tax deductions of up to £55 million. The Cup Trust has requested £46 million in Gift Aid from HM Revenue, arising from the donations which the trust has received.[1][2] Gift Aid is a facility offered by HMRC for charities to reclaim basic rate tax on donations.
Accounts show that only £135,000 of the £177 million donated to the Cup Trust has been given to good causes.[2] Almost all of the Cup Trust's income was spent buying UK Government bonds.[1]