Governing document THE INSTITUTE OF FINANCIAL ACCOUNTANTS AND INTERNATIONAL ASSOCIATION OF BOOK-KEEPERS BENEVOLENT FUND

Charity number: 234082
Removed charity

Governing document

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.

REGULATIONS ADOPTED 21ST MAY 1966 AMENDED 8TH JUNE 1974, 21ST JUNE 1975, 17TH JULY 1981, 31ST JULY 1983, 10TH JUNE 1988, 29TH JULY 1989, 29 AUGUST 2006 AND 20 FEBRUARY 2013. AS AMENDED ON 12 DEC 2017 AS AMENDED BY RESOLUTION DATED 07 NOV 2018 AS AMENDED BY RESOLUTION DATED 21 NOV 2019

Charitable objects

(1) THE CHARITY’S OBJECTS (THE OBJECTS) ARE: (A) FOR THE RELIEF OF PERSONS WHO ARE OR HAVE BEEN: (I) FULL MEMBERS OF THE INSTITUTE OF FINANCIAL ACCOUNTANTS (A COMPANY REGISTERED IN ENGLAND AND WALES WITH COMPANY NUMBER 09350923) (IFA), AS THAT TERM IS DEFINED BY THE ARTICLES OF ASSOCIATION AND BYE-LAWS OF THE IFA, BUT EXCLUDING ALL PERSONS WHOSE FULL MEMBERSHIP OF THE IFA IS AUTOMATIC BY VIRTUE OF THEIR MEMBERSHIP OF THE INSTITUTE OF PUBLIC ACCOUNTANTS (OF AUSTRALIA) OR OF ANY OTHER ORGANISATION, OR OTHERWISE HAS BEEN GRANTED BY THE IFA UNDER A RECIPROCAL ARRANGEMENT WITH ANY OTHER ORGANISATION; (II) MEMBERS OF THE INTERNATIONAL ASSOCIATION OF BOOK-KEEPERS (A COMPANY REGISTERED IN ENGLAND AND WALES WITH COMPANY NUMBER 01119378) (IAB), AS DEFINED IN THE ARTICLES OF ASSOCIATION AND BYE LAWS OF THE IAB; (III) THE DEPENDENTS OF ANY OF THE PERSONS DESCRIBED IN (I) AND (II) ABOVE; (B) FOR THE RELIEF OF PERSONS WHO ARE CURRENT STUDENTS OF THE IFA OR THE IAB. (2) IF THE TRUSTEES ARE UNABLE TO EXPEND THEIR INCOME ON THE BENEFICIARIES, THEY MAY AT THEIR DISCRETION APPLY SURPLUS FUNDS FOR THE RELIEF OF THE EDUCATIONAL NEEDS OF PERSONS STUDYING TO UNDERTAKE THE PROFESSIONAL QUALIFICATIONS OF THE IFA AND/OR IAB. 3) THE FUND SHALL BE RAISED BY DONATION AND VOLUNTARY SUBSCRIPTIONS. (4) GRANTS IN ANY ONE FINANCIAL YEAR SHALL NOT EXCEED THE TOTAL INCOME OF THE PREVIOUS TWO FINANCIAL YEARS WITHOUT THE CONSENT OF THE MEMBERS AT A GENERAL MEETING.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED


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