Registry Of Charitable Trust Is Essential For Donors To Identify Genuine Trusts
Registry of charitable trust is essential in a world of fraud and cheats. To be registered under the Act, a trust must exist principally or exclusively for a charitable purpose according to the law, or for any purpose that is religious or educational whether or not such purpose is charitable according to law. The for the basis of registration as a charitable trust, a trust must be involved either in promoting education, religion, relief of poverty, or other purposes of benefit to the community.
The purpose of the registry of charitable trust is to establish to itself as a charity that has facilities for recreation and other leisure-time activities if those facilities are provided in the interests of social welfare and are of public benefit. A charitable purpose may be the object of a trust or the purpose a society is formed. The trustees of the trust or society, as the case may be, may apply to the Registrar of Incorporated Societies for incorporation as a trust board. No trustees or society may be incorporated as a charitable trust board under a name which is identical, or almost identical to, the name of another board, company or body corporate, unless consent is given to the use of that name.
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A deed of trust or a document setting out the aims of the trust and how it will be run must be drawn up. There must be a clear intention to devote property to a charitable purpose, the property must be clearly defined and the purpose must be of a public nature, that is, for the benefit of the community or a section of the community. The purpose of the trust must either comply with the meaning of the term 'charitable' as defined in the Act or be religious or educational in character. A copy of the trust deed must be certified as being a 'true and correct copy' by one of the trustees and attached to the registration documents for incorporation. Original documents may accompany an application instead of copies. The Registrar of Incorporated Societies must be satisfied that the trust's activities are lawful and that the trustees will not gain any personal advantage or pecuniary gain from the assets of the trust before the application is approved.
The application and deed of trust must be accompanied by a statutory declaration from one of the trustee applicants. The declaration must either describe any additional trusts on which applicants hold property or state that there are no other trusts. This declaration must be dated on either the same day as the application or a date following this. In summary, to register as a charitable trust you will need an application for registration, a statutory declaration your trust deed. When the above documents have been prepared they should be presented for registration by the Registrar of Incorporated Societies at your nearest Companies Office.
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