Website: http://www.ifaiabbenfund.org.uk
Finances:
Objects:
(1) the charity’s objects (the objects) are: (a) for the relief of persons who are or have been: (i) full members of the institute of financial accountants (a company registered in england and wales with company number 09350923) (ifa), as that term is defined by the articles of association and bye-laws of the ifa, but excluding all persons whose full membership of the ifa is automatic by virtue of their membership of the institute of public accountants (of australia) or of any other organisation, or otherwise has been granted by the ifa under a reciprocal arrangement with any other organisation; (ii) members of the international association of book-keepers (a company registered in england and wales with company number 01119378) (iab), as defined in the articles of association and bye laws of the iab; (iii) the dependents of any of the persons described in (i) and (ii) above; (b) for the relief of persons who are current students of the ifa or the iab. (2) if the trustees are unable to expend their income on the beneficiaries, they may at their discretion apply surplus funds for the relief of the educational needs of persons studying to undertake the professional qualifications of the ifa and/or iab. 3) the fund shall be raised by donation and voluntary subscriptions. (4) grants in any one financial year shall not exceed the total income of the previous two financial years without the consent of the members at a general meeting.
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