Schedule 3 FORM OF RESOLUTION BY CHARITY TRUSTEES UNDER SECTION 4

WHEREAS we are the trustees of the...................................Charity:

AND WHEREAS the value of the charity’s permanent endowment is £...........: (or thereabouts), anf the endowment does not consist of or comprise land or any interest in land, and its gross income in the last preceding accounting period was £.......................:

AND WHEREAS we are of the opinion that the property of the charity is too small, in relation to its objects, for any useful purpose to be achieved by expenditure of income alone:

AND WHEREAS we have complied with section 4(2) of the Charities Act 1985:

NOW THEREFORE we, the trustees of the said charity, under and in pursuance of section 4 of the Charities Act 1985, hereby resolve that the charity ought to be freed from any restrictions imposed by law with respect to expenditure of capital