Details of the type of governing document the charity has and when it was established. It is not the full text of the charity's governing document.
MEMORANDUM AND ARTICLES INCORPORATED 24/11/2011
AS AMENDED BY SPECIAL RESOLUTION(S) DATED 16/10/2014
Charitable objects
THE CHARITYS OBJECTS ("OBJECTS") ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING:
(A) THE PROVISION AND MAINTENANCE OF ALMSHOUSES OR SUCH OTHER PROPERTY APPROPRIATE TO THE NEEDS OF PERSONS IN NECESSITOUS CIRCUMSTANCES WHO ARE INHABITANTS OF THE CITY OF BIRMINGHAM AND ITS IMMEDIATE ENVIRONS OR PERSONS WHO SHALL THROUGH AGE OR OTHERWISE FIND THEMSELVES IN NECESSITOUS CIRCUMSTANCES AS A RESULT OF WHICH THEY HAVE BECOME UNABLE TO AFFORD TO CONTINUE TO LIVE IN AND MAINTAIN THEIR CURRENT RESIDENCES, OR WHO ALTHOUGH THEY HAVE SIGNIFICANT CAPITAL ASSETS ARE THROUGH LACK OF INCOME IN NECESSITOUS CIRCUMSTANCES, PROVIDED ALWAYS THAT THEY SHALL BE RESIDENTS OF THE CITY OF BIRMINGHAM AND ITS IMMEDIATE ENVIRONS;
(B) TO RELIEVE THE ELDERLY AND POOR IN ANY WAY DEEMED CHARITABLE ACCORDING TO LAW, AND PROVIDED ALWAYS THAT THEY SHALL BE RESIDENTS OF THE CITY OF BIRMINGHAM AND ITS IMMEDIATE ENVIRONS. WITHOUT PREJUDICE TO THE GENERALITY OF THE FORGOING SUCH RELIEF MAY BE PROVIDED BY THE PROVISION OF HOME CARE FOR ELDERLY PEOPLE AND SUCH OTHER SUPPORT AS THE TRUSTEES SHALL DEEM APPROPRIATE BOTH WITHIN A CLIENTS HOME AND OTHERWISE INCLUDING THE MAKING OF CASH PAYMENTS TO PEOPLE IN NECESSITOUS CIRCUMSTANCES AND, IN PARTICULAR, RELATING TO HOUSING NEEDS.
(C) A PERSON WHO QUALIFIES UNDER ARTICLE 4(A) ABOVE BUT WHO IS TO ENTER INTO AN EQUITY SHARING ARRANGEMENT WITH THE CHARITY WHEREBY THEY MAY PURCHASE UP TO A 75% SHARE IN A UNIT AS A QUALIFYING BENEFICIARY:
(I) SHALL AT ALL TIMES AFFORD THE CHARITY THE FIRST OPTION TO RE-PURCHASE WHATEVER SHARE IN A UNIT HE OR SHE SHALL HAVE PURCHASED BY WAY OF EQUITY;
(II) SHALL BE A QUALIFYING BENEFICIARY BY VIRTUE OF CLAUSE 4(A) ABOVE;
(III) SHALL NOT ALLOW ANY OTHER PERSON TO OCCUPY OR SHARE THE ACCOMMODATION AND SHALL NOT TRANSFER HIS OR HER LEGAL INTEREST IN THE UNIT CONCERNED TO ANY THIRD PARTY WHETHER IN WHOLE OR IN PART;
(IV) SHALL BEAR HIS OR HER OWN COSTS IN RELATION TO THE ACQUISITION AND DISPOSAL OF ANY INTEREST IN THE UNIT.
