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Home Parishes Trusts Answers to some questions about parish trusts We have a large fund, which is the proceeds of sale of a trust property that was approved by a Charity Commission Scheme. Can we use the money to pay for church repairs?

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We have a large fund, which is the proceeds of sale of a trust property that was approved by a Charity Commission Scheme. Can we use the money to pay for church repairs?

by Michael Ford last modified 21 Dec, 2015 12:50 PM

Much depends on the terms of the Scheme but it is very rare for the Charity Commission to approve the outright release of trust capital. However a Recoupment Scheme may be approved - this allows a loan from the capital, which has to be repaid over a term that may be as long as 40 years.

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