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Charity Cut Price Sale.

Charity Cut Price Sale.

Postby Hairyloon » Sun Nov 13, 2016 11:18 am

I understand that charities have a duty to get the best price when they sell off their assets, but what redress is there if they fail to do so?
For example if they have land to sell and offer it only to a closed list of client, despite knowing of keen interest from other parties.
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Re: Charity Cut Price Sale.

Postby atticus » Sun Nov 13, 2016 11:20 am

If the person seeking redress does not have standing, being merely a bystander, she may report the matter to the Charity Commission.
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Re: Charity Cut Price Sale.

Postby Hairyloon » Sun Nov 13, 2016 11:21 am

What will they do?
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Re: Charity Cut Price Sale.

Postby atticus » Sun Nov 13, 2016 11:21 am

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Re: Charity Cut Price Sale.

Postby Hairyloon » Sun Nov 13, 2016 12:08 pm

Since the property could not have been sold without their say-so, it seems that they are already complicit in the arrangement.
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Re: Charity Cut Price Sale.

Postby dls » Mon Nov 14, 2016 6:15 am

There are particular and stringent requirements on teh sale of land.

Many charities run a non-charitable arm fot the sales of goods. Such a body would not have that duty.

It would be very difficult to displace the argument that the price was thought to be the most advantageous in teh circumstances.
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Re: Charity Cut Price Sale.

Postby Hairyloon » Mon Nov 14, 2016 8:31 am

dls wrote:There are particular and stringent requirements on teh sale of land.

Can I press you for more details? Or of where to look?

It would be very difficult to displace the argument that the price was thought to be the most advantageous in teh circumstances.

Would this cover it?
Hairyloon wrote:For example if they have land to sell and offer it only to a closed list of client, despite knowing of keen interest from other parties.

What about selling it for half the price those parties were told they needed to raise if they wanted a chance to buy it before it went to market?
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Re: Charity Cut Price Sale.

Postby dls » Mon Nov 14, 2016 10:02 am

On the sale of land there are clear statutory duties to get independent advice to approve any sale.

Charities Acts

A sale without the appropriate certificates will not be registered.

Pleae not that the duty is not to get the best possible price. It is to get the best price reasonable obtainable.
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Re: Charity Cut Price Sale.

Postby Hairyloon » Mon Nov 14, 2016 12:15 pm

dls wrote:On the sale of land there are clear statutory duties to get independent advice to approve any sale.

"Independent advice"? Is that all that is required? You can get that from a man down the pub...

Charities Acts


Thank you, but there are reams of those. Does anyone have any pointers to which one?

A sale without the appropriate certificates will not be registered.

Would that certification be subject to a FOI request to the Charity Commission?

Pleae not that the duty is not to get the best possible price. It is to get the best price reasonable obtainable.


Is it reasonable for a charity to refuse to divulge any information about the sale to a charitable concern that they know want to buy the land?
How is a closed client list likely to get a better price than the open market, or why is the former more reasonably attainable than the latter?
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Re: Charity Cut Price Sale.

Postby atticus » Mon Nov 14, 2016 12:48 pm

Why does the OP think that the Charity Commission may have approved this transaction?
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