# The Charities (Incorporated Church Building Society) (England and Wales) Order 2013, Paragraph 5: Powers of the Trustee


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—
(a) make rules and regulations consistent with this scheme for the management of the charity;
(b) make grants and loans on such terms as the Trustee thinks fit;
(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;
(d) promote or carry out research;
(e) provide advice;
(f) publish or distribute information;
(g) co-operate with other bodies;
(h) support, administer or set up other charities;
(i) raise funds, but not by means of taxable trading;
(j) borrow money and give security for loans, but only in accordance with the restrictions imposed by the 2011 Act;
(k) acquire or hire property of any kind;
(l) let or dispose of property of any kind, but only in accordance with the restrictions imposed by the 2011 Act;
(m) set aside funds for special purposes or as reserves against future expenditure;
(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;
(o) delegate the management of investments to a financial expert, but only on terms that—
(i) the investment policy is set down in writing for the financial expert by the Trustee;
(ii) every transaction is reported promptly to the Trustee;
(iii) the performance of the investments is reviewed regularly with the Trustee;
(iv) the Trustee is entitled to cancel the delegation arrangement at any time;
(v) the investment policy and the delegation arrangement are reviewed at least once a year;
(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
(vii) the financial expert must not do anything outside the powers of the Trustee;
(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;
(q) insure the property of the charity against any foreseeable risk and take out other insurance policies to protect the charity when required;
(r) pay for indemnity insurance for the Trustee in accordance with section 189 of the 2011 Act;
(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
(t) enter into contracts to provide services to or on behalf of other bodies.

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111533420/schedule/APPENDIX/paragraph/5 (the official version)
Page: https://openlegislation.uk/draft-charities-incorporated-church-building-society-england-and-wales-order-2013/schedule-APPENDIX/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.