{
  "url": "https://openlegislation.uk/draft-charities-incorporated-church-building-society-england-and-wales-order-2013/schedule-APPENDIX/paragraph-5",
  "json_url": "https://openlegislation.uk/draft-charities-incorporated-church-building-society-england-and-wales-order-2013/schedule-APPENDIX/paragraph-5.json",
  "legislation": "ukdsi/2013/9780111533420",
  "legislation_title": "The Charities (Incorporated Church Building Society) (England and Wales) Order 2013",
  "legislation_url": "https://openlegislation.uk/draft-charities-incorporated-church-building-society-england-and-wales-order-2013",
  "path": "schedule/APPENDIX/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": "Powers of the Trustee",
  "text": "In addition to any other powers which it has, the Trustee may exercise the following powers in furtherance of the Object of the charity: the power to—\n(a) make rules and regulations consistent with this scheme for the management of the charity;\n(b) make grants and loans on such terms as the Trustee thinks fit;\n(c) allow investments to be held in the name of a corporate body as the Trustee’s nominee and pay reasonable remuneration for the service provided, but only if the corporate body is incorporated in, or has established a branch or place of business in, England or Wales;\n(d) promote or carry out research;\n(e) provide advice;\n(f) publish or distribute information;\n(g) co-operate with other bodies;\n(h) support, administer or set up other charities;\n(i) raise funds, but not by means of taxable trading;\n(j) borrow money and give security for loans, but only in accordance with the restrictions imposed by the 2011 Act;\n(k) acquire or hire property of any kind;\n(l) let or dispose of property of any kind, but only in accordance with the restrictions imposed by the 2011 Act;\n(m) set aside funds for special purposes or as reserves against future expenditure;\n(n) deposit or invest in funds in any manner, but to invest only after obtaining such advice from a financial expert as the Trustee considers necessary and having regard to the suitability of investments and the need for diversification;\n(o) delegate the management of investments to a financial expert, but only on terms that—\n(i) the investment policy is set down in writing for the financial expert by the Trustee;\n(ii) every transaction is reported promptly to the Trustee;\n(iii) the performance of the investments is reviewed regularly with the Trustee;\n(iv) the Trustee is entitled to cancel the delegation arrangement at any time;\n(v) the investment policy and the delegation arrangement are reviewed at least once a year;\n(vi) all payments due to the financial expert are on a scale or at a level which is agreed in advance and are notified promptly to the Trustee on receipt; and\n(vii) the financial expert must not do anything outside the powers of the Trustee;\n(p) deposit documents and physical assets with any company registered or having a place of business in England and Wales as custodian and pay any reasonable fee required;\n(q) insure the property of the charity against any foreseeable risk and take out other insurance policies to protect the charity when required;\n(r) pay for indemnity insurance for the Trustee in accordance with section 189 of the 2011 Act;\n(s) employ such paid or unpaid agents, staff or advisers, who may not be directors of the Trustee, as are necessary for the proper pursuit of the Object of the charity; and\n(t) enter into contracts to provide services to or on behalf of other bodies.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2013/9780111533420/schedule/APPENDIX/paragraph/5",
    "retrieved_at": "2026-10-30T14:50:37.453415+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}