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Regulation 2 Interpretation

Original text. Later amendments are not shown.

In these Regulations—

  • “the 2005 Act” means the Charities and Trustee Investment (Scotland) Act 2005;

  • “donor” has the meaning specified in regulation 3;

  • “gross annual income” means the gross annual income of the charity as shown in the charity’s most recent statement of account;

  • “large restricted funds” means restricted funds which comprise property of more than £1 million or have a gross annual income of more than £100,000;

  • “restricted funds” has the meaning given in section 43D of the 2005 Act;

  • “small restricted funds” means restricted funds which comprise property of £1 million or less and have a gross annual income of £100,000 or less; and

  • “very small restricted funds” means small restricted funds which do not include any heritable property or shares in a private limited company, and with a gross annual income of less than £1,000.