The charity was set up to help villagers in need but Hugh Morgan-Williams spent funds on his home.
The regulator said Hugh Morgan-Williams was "the only person to benefit from the charity" for nine yearsA charity set up to help villagers in need was raided for cash by a former trustee who used the funds to buy antique clocks and renovate a cottage.
The regulator found Hugh Morgan-Williams used his role as sole trustee to spend £179,500 of charity funds.It has banned Mr Morgan-Williams from being a trustee of any charity for 10 years. He spent more than £110,000 on renovating a cottage he owned, claiming the money had been obtained through three loans from the charity.Mr Morgan-Williams spent a further £69,500 of charity funds on two antique Mulberry longcase clocks.But the clocks were displayed in his home and the inquiry found "there was no evidence provided to justify the decision was in the interests of the charity".
Amy Spiller, head of investigations at the commission, said: "We expect all trustees to act only in the best interests of their charity and to do otherwise is a clear breach of trust."In August 2018 the regulator banned Mr Morgan-Williams from being a charity trustee or holding an office or employment with senior management functions at a charity for 10 years.North Yorkshire Police confirmed there was no investigation ongoing against Mr Morgan-Williams in relation to The Cowesby Trust.
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