OG44 C3 - PERMANENT ENDOWMENT

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OPERATIONAL GUIDANCE

PERMANENT ENDOWMENT

APPLICATION TO SPEND PERMANENT ENDOWMENT UNDER SECTION 26(4) OF THE CHARITIES ACT 1993 (CSD 1347D)

OG 44 C3 – 18 March 2008

Purpose

This OG reproduces our Application Form CSD 1347D, available in the Apply for it section of our web site.

Functional responsibility

For information

All staff

Contents

Notes to the form
	Before completing this form please read our guidance note: Permanent Endowment; What is it and when can it be spent? (CSD 1347A) available on the Apply for it area of our website.
	Please ensure that the form is completed accurately as failure to do so could delay our consideration.
	Warning to all signatories: It is an offence to knowingly or recklessly provide false information to the Charity Commission. If in doubt about completing this form, you should seek professional advice.
	How should this form be completed?
	This form can be signed by:
	(a) one or more of the trustees; and/or:
	(b) some other person having a competent knowledge of the facts such as the clerk or secretary or professional advisor and signing on the trustees’ behalf.

Section 1 Charity Details
	Charity registration number(if appropriate)
	Charity name

Section 2 Details of expenditure
	Total value of proposed spend	£
	Total amount to be raised from permanent endowment	£
	Proposed term (in years) over which repayment will take place (please see the note to section 3 if the permanent endowment is not to be replaced)
	Date of commencement of capital replacement

Section 3 Purpose of expenditure
	Note: Please use this space to provide brief details of the work to be carried out and an explanation of why:
	this must be funded in whole or in part from the permanent endowment of the charity; and
	if it is the case, the trustees want to waive the requirement to replace the permanent endowment

Section 4 Certification
		I/WE DECLARE as follows:
		(a) the trustees are satisfied that they have been properly appointed in accordance with the governing document of the charity;
		(b) spending capital will reduce the charity’s future income. The trustees are satisfied that they can continue to meet their expenditure needs;
		(c) the trustees agree to spend the amount of capital in accordance with the terms set out in the Order and in this form and will contact the Charity Commission immediately if these circumstances change;
		(d) that repayment of the capital will be on pound for pound basis of equal instalments over the term set out in section 2.
	Please enter the name, address and e-mail of the person from whom further information can be obtained:

Section 5 Signatures
	Capacity
	Name
	Address		Postcode
	Signed		Date

	Capacity
	Name
	Address		Postcode
	Signed		Date

		Now send this completed form to
		Charity Commission Direct PO Box 1227 Liverpool L69 3UG
	(Tel: 0845 3000 218 or for hearing impaired callers 0845 3000 219)

Section 6 For Charity Commission use only
		Order under section 26 of the Charities Act 1993
		Being satisfied that it is expedient in the interests of the charity the Commission authorises the trustees to spend the sum set out in section 2 above from the charity’s permanent endowment for the purposes set out in section 3 subject to the term of replacement set out in section 2.
	Commission references
	Case No:
	Sealing No:
	Date: