Page 108 - Demo
P. 108

CONCLUSION
In conclusion, it is essential that the trustees of the religious institute charity are strong and stand up for what is right for the charity. To do otherwise
may put the charity's assets in jeopardy. If the Charity Commission, for example, were to become concerned that the charity's assets were being used inappropriately, The Commission does have the power to appoint new trustees or to con scate the charity's assets and pass them in to the hands of an administrator or another charity in order to safeguard them. In addition, HMRC has the right to demand details of how the charity’s funds are being applied both here in the UK and in overseas countries and, unless it is clear that the funds are being used for charitable purposes and their use properly monitored by the charity, HMRC has the right to restrict the charity’s tax exemptions and tax the funds transferred.
104 Chapter 5


































































































   106   107   108   109   110