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briefed adequately to ensure that the charity trustees meet all
of their obligations to obtain advice and written the reports in accordance with the Charities Act 2011 to enable them to dispose of the property?
O Will properties need to be rented in the future? Will a formal
lease be needed or will the let be such that a licence to occupy
will suf ce? How long will any formal leases need to be for? Has provision been built in to ensure that any formal licence or lease is reviewed by a property surveyor or legal adviser to ensure that they are not onerous?
Care for the elderly
The age pro le of members of institutes brings with it a number of specialist concerns, many of which have a nancial impact:
O Will members of the institute require specialist care in the future necessitating the employment of nursing staff, specialist furniture and equipment, etc.?
O Will housing requirements change? Will existing houses need to be adapted, new houses purchased?
O Will elderly members requiring nursing care be cared for by the institute or will they be moved to a specialist nursing care home?
O Has allowance been made for the fact that certain costs will inevitably increase as members become older e.g. medical expenses, light and heat costs, etc.?
Staff and employment costs
As members of the institute become older, the need to employ lay staff will increase. Lay staff will be needed in a nursing, domestic and administrative function. Salaries will need to be included in any nancial forecast together with the associated costs such as employer’s national insurance and pension contributions.
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