# The Charities (The Peabody Donation Fund) Order 1997, Paragraph 23: Powers


In furtherance of the objects of the Charity, the Governors shall have the following powers (subject to the conditions hereinafter provided in this Scheme):—
(a) to acquire land or property;
(b) to build, rehabilitate, repair, insure, improve, equip, operate, manage and maintain housing, hostel and other accommodation;
(c) to sell, mortgage, charge, exchange, dispose, let and grant shared ownership leases of any property or chattels or any other assets or any part thereof and enter into any floating charge of the whole or any part of the undertaking, property and assets of the Charity;
(d) to act as a housing association within the meaning of the Housing Associations Act 1985 or any enactment consolidating or in substitution for the same;
(e) to make donations or grants for any charitable object;
(f) to encourage and promote and in any way support or aid the establishment and development of charitable institutions;
(g) to purchase or otherwise acquire, or to encourage or promote, and in any way support or aid the establishment and development of any subsidiary company (that is to say a company which would be deemed to be a subsidiary under the terms of section 736 of the Companies Act 1985), established for the purposes of carrying on any trade or business which is a proper trade or business either for the purposes of raising funds for the Charity, or for the furtherance of the objects of the Charity, and to subscribe to purchase, or acquire in any other way, any chose in action (including but without prejudice to the generality of the foregoing any stock, share, security, unit, debenture, debenture stock or loan stock, in each case whether preferred, deferred, secured or unsecured) and to guarantee and indemnify the obligations and liabilities and to make available financial assistance or accommodation in any other way to such subsidiary company and to acquire all or any part of the capital of any company limited by shares carrying on any trade or busines which is or could be engaged directly or indirectly with the Charity PROVIDED ALWAYS that in exercising these powers the Governors shall take appropriate professional advice and that where the exercise of the powers is otherwise than in furtherance of the objects of the Charity any loan shall be on commercial terms and any investment shall be based on an objective assessment of its appropriateness for the Charity in the light of professional advice;
(h) to enter into and carry into effect agreements and arrangements with Government, Public Authorities, housing associations, and other institutions whether or not constituted for charitable purposes;
(i) to borrow or raise money at interest by the issue of bonds, deep discounted bonds, debentures, mortgages, bills of exchange, promissory notes or in such manner as may be determined by them and to invite and collect subscriptions and donations of all kinds whether absolute or conditional or any of them; and
in general it shall be lawful for the Governors (subject to the provisions of this Scheme) to deal with the property of the Charity for the purpose of giving effect to the intention of this Scheme in as absolute and uncontrolled a manner as if the Governors for the time being had been the absolute owners of the property.

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Source: https://www.legislation.gov.uk/uksi/1997/1711/schedule/APPENDIX/paragraph/23 (the official version)
Page: https://openlegislation.uk/charities-the-peabody-donation-fund-order-1997/schedule-APPENDIX/paragraph-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.