A number of charities, including Great Ormond Street Hospital Children’s Charity, have benefited from the £20 million raised by the Presidents Club over more than 30 years. Great Ormond Street Hospital has performed a U-turn and will keep £530,000 raised by the Presidents Club for its cause over a number of years.The charity originally pledged to return the money following allegations uncovered in a newspaper about the behaviour of guests at a black-tie dinner run by the Presidents Club, alleging female waitresses were groped.But a spokesman for the Charity’s trustees said that it had reversed its decision following feedback from supporters and discussions with the Charity Commission.He said: “Our thinking is always guided by our aim to maximise the support we give to the hospital and the families it cares for.”Following feedback from our supporters, guidance from the Charity Commission and taking into account the impending closure of the Presidents Club Charitable Trust, the trustees have decided to retain the funds donated by the trust. “We would like to thank all of our donors for their support, it is only through their generosity that we can make a difference for seriously ill children cared for at the hospital.”Great Ormond Street follows Guy’s and St Thomas’ Charity in deciding to keep money raised for it by the event, which featured high-value items and experiences auctioned to raise funds. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings. The scandal sparked a furious backlash and several high-profile charities refused to take any donations from the trust.