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Changes over time for: Section 104A


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 06/04/2016.
Changes to legislation:
Charities Act 2011, Section 104A is up to date with all changes known to be in force on or before 18 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
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[104AInvestment of endowment fund on total return basisE+W+N.I.
(1)This section applies to any available endowment fund of a charity.
(2)If the condition in subsection (3) is met in relation to the charity, the charity trustees may resolve that the fund, or a portion of it—
(a)should be invested without the need to maintain a balance between capital and income returns, and
(b)accordingly, should be freed from the restrictions with respect to expenditure of capital that apply to it.
(3)The condition is that the charity trustees are satisfied that it is in the interests of the charity that regulations under section 104B(1)(b) should apply in place of the restrictions mentioned in subsection (2)(b).
(4)While a resolution under subsection (2) has effect, the regulations apply in place of the restrictions.
(5)In this section “available endowment fund”, in relation to a charity, means—
(a)the whole of the charity's permanent endowment if it is all subject to the same trusts, or
(b)any part of its permanent endowment which is subject to any particular trusts that are different from those to which any other part is subject.]
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