The case was brought by the Official Receiver who sought disqualification orders under section 6 of the Company Directors Disqualification Act 1986 (CDDA 1986) against the seven trustees of Kids Company and its CEO. It illustrates well the tension between the role of a fulltime paid CEO of a large charity and the role of its board as voluntary trustees/directors.
Our experienced team of charity solicitors provides advice and support to charities, and faith-based charities and organisations, on all aspects of property trusts and permanent endowment.
Permanent endowment is money or property that is gifted to a charitable organisation for a specified purpose and is intended to be held by the charity permanently. Permanent endowments can be land, buildings, cash or investments gifted to an organisation.
There are some instances where the law allows charities to spend permanent endowment, which historically would have required the Charity Commission's permission. However, the legislation now enables charity trustees to free permanent endowment from those restrictions, providing certain conditions are met.
At Anthony Collins Solicitors, our specialist charity law solicitors can advise upon the existence and terms of any property trust or permanent endowment held by a charity, and whether or not taking steps to free such funds from the restrictions that apply to it is possible. We can then advise on the options available.
Our experienced charity law team works in partnership with charities, and faith-based charities and organisations, to advise and support on all aspects of property trusts and permanent endowment
We can support you in a range of areas, including:
- Advising you on whether permanent endowment exists and the options that are available in order to remove any restrictions.
- Ensuring that you are adhering to regulatory compliance, including the duties of charity trustees under the Charities Act 2011.
- Advising you on provisions under the Charities Act 2011 on reversing permanent endowment and supporting charities in removing those restrictions.
We are happy to discuss with you any property trusts and permanent endowment legal challenges you may be facing. We can also support you with sales, leases and property development.
Contact Dominic Curran, a specialist in charities and property law, who will be more than happy to help you.
Happy New Year - our first newsletter of 2021! Throughout this year we will continue to bring you news and developments relating to the charities sector.
Our previous round-up began by sharing the news that two vaccines had shown very promising test results. Here we are, not even a month later, and the first vaccines have already been administered!
Finally, there is a glimmer of hope that perhaps the Covid-19 pandemic could be reaching its end.
Last week, England entered another period of lockdown which will last until at least 2 December.
It has been another difficult few weeks for many of us, especially those who find themselves under tier 3 restrictions.
Charity Financials, the financial information program from Wilmington Charities, has published its latest Income Monitor report.
A recent increase in COVID-19 cases in the UK means new measures are being put in place in an effort to reduce the risk of a second wave. Whilst the impact of COVID-19 continues to be felt, it is important to remain focused on the sector’s road to recovery.
Catch up with all the latest charity updates in this fortnight’s news roundup
Catch up with all the latest charity updates in this fortnight’s news roundup.
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