Quizzes & Puzzles1 min ago
Have no idea where this goes so it is stuck here!!
I know that the charity commission deal with all registered charities but how regulates or deals with charitable trusts?
Thank you
Thank you
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Look under legal strcutures a).
A trust would usally have been set up the person whose money is going iinto the trust, who then appoints trustees to run it according to the charitable aims.
Look under legal strcutures a).
A trust would usally have been set up the person whose money is going iinto the trust, who then appoints trustees to run it according to the charitable aims.
Legal structures for charities
There is no single legal structure for a charity. However, most modern charities use one of three legal forms:
(A) A charitable trust is governed by a trust deed, and can be established simply by an initial donor (the settler') declaring a trust over some property (usually a sum of money) and appointing initial trustees. The trustees can subsequently raise further funds, provided all funds are applied for the specific charitable objects.
Charitable trusts do not have a legal personality, so, in law, any agreements must be made with the trustees collectively, and there is no issue of limited liability.
(B) A charitable association is a group of members who agree to be governed by a set of rules known as the constitution. In most associations, the members elect a committee who are empowered to make decisions on the use of funds, and hence the committee members are the charity trustees.
This is a very flexible structure, suitable for a wide range of small and medium voluntary organisations, including many involved in delivering public services. However, it is again not a corporate form - so agreements must be made with the trustees for the time being - and there is no limited liability.
Not much help but best I can find at the moment
There is no single legal structure for a charity. However, most modern charities use one of three legal forms:
(A) A charitable trust is governed by a trust deed, and can be established simply by an initial donor (the settler') declaring a trust over some property (usually a sum of money) and appointing initial trustees. The trustees can subsequently raise further funds, provided all funds are applied for the specific charitable objects.
Charitable trusts do not have a legal personality, so, in law, any agreements must be made with the trustees collectively, and there is no issue of limited liability.
(B) A charitable association is a group of members who agree to be governed by a set of rules known as the constitution. In most associations, the members elect a committee who are empowered to make decisions on the use of funds, and hence the committee members are the charity trustees.
This is a very flexible structure, suitable for a wide range of small and medium voluntary organisations, including many involved in delivering public services. However, it is again not a corporate form - so agreements must be made with the trustees for the time being - and there is no limited liability.
Not much help but best I can find at the moment