Making The Most Of Your Property Assets

1
Making The Most Of Your Property Assets

• Mary Cheves
• James McCallum

2
Introduction

• gt Overriding duty
• gt Mandatory duties
• gt Duty of prudence

3
Trustees Duties In Relation To Property

• gt To know and understand the organisation
• gt To set strategy
• gt To enhance and maintain the value of the
  charitys assets
• gt To apply the charitys assets only in
  furtherance of the charitys charitable objects
• gt To comply with relevant regulation and
  legislation
• gt To take appropriate advice

4
Delegation Of Duties

• gt Employees
• gt Independent agents
• gt Sub-committees

5
Acquisition

• gt Trustees Powers
• Operational property
• Investment property
• Applying restricted or endowment funds
• gt Exercising care and skill
• Suitability
• Evaluating risks
• Assessing value for money
• Considering options for finance

6
Disposal

• gt Trustees Powers
• gt Complying with statutory regulation
• Section 36 Charities Act 1993
• Qualified Surveyors Regulations
• Transactions with other charities

7
Opportunities

• gt Donations
• gt Re-negotiation
• gt Strength of bargaining position
• gt Variation of specie trusts
• gt Removal of endowment restrictions
• gt Removal of legal restrictions on property

8
Monitoring And Managing Risk

• gt Identifying the risk
• gt Risk management systems
• gt Forward planning

9
Questions
10
Contact

• Mary Cheves
• Partner, The Charity Team
• RUSSELL-COOKE SOLICITORS
• 020 8394 6465
• mary.cheves_at_russell-cooke.co.uk
• James McCallum
• Partner, The Charity Team
• RUSSELL-COOKE SOLICITORS
• 020 8394 6481
• james.mccallum_at_russell-cooke.co.uk