Constitution

Constitution, objects and powers

Reserves
On 4 February 2000, under Section 11 of the NHS and Community Care Act 1990, the Secretary of State appointed Trustees for the Guy's and St Thomas' Hospital Trust. On 1 April 2000 the Secretary of State transferred the trust property of the previous Special Trustees to the management of those Trustees. The new single charity was registered with the Charity Commission as the Guy's and St Thomas' Charitable Foundation, registration number 251983. Other subsidiary funds with more restricted objects are registered under this group registration.

The Trustees have the power to accept, hold and administer any property or trust for the general or specific purposes of the Hospital Trust or for all or any purposes relating to the health service. The NHS Commission appoints the Trustees.

Powers of investment
The Trustees' powers of investment are set out in a Charity Commission Scheme dated 16 December 1998 and the Trustee Act 2000. This Scheme allows the Trustees to invest the assets of the Charity in investments of any nature as they think fit subject to a provision to avoid speculative and hazardous investments. The Trustees may combine the assets of the Charity and any subsidiary funds into a pool and sub-divide the interest in aliquot proportions.

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