Trustee & Charity Investment Advice in Cambridge

Investments generate income of around £3.8 billion for charities, according to the June 2019 Charity Income Spotlight report – a return on investment of approximately 2.9% - and that doesn't include any underlying growth in the value of the investments within the charities portfolios.


Trustee & Charity Investment Advice Cambridge

The Trustee Act 2000 introduced a statutory duty of care upon trustees when exercising their powers of investment.

The first step to developing an investment strategy is to understand your legal obligations. Charity law stipulates that trustees must know and act within their charity's powers to invest and they must exercise care and skills when making investment decisions and select suitable investments for their charity.

Importantly, governing documents, such as the articles of association, must be checked to see what investments are allowed and whether any restrictions are in place. Only then should decisions be made about how the investment(s) will fit in with the charity’s overall financial plan and objectives.

The Charity Commission, in its guidance CC14 – Charities and Investment Matters: A guide for charities, recommends that, regardless of the size of the organisation or its investments, a written policy be drawn up that sets out a framework for investment decisions, helping trustees to manage the charity’s resources effectively and demonstrate good governance.

Therefore, as a trustee you will need to seek professional advice on a wide range of issues including taxation, the level of risk being taken and ongoing legal obligations, whether that be on behalf of a charity, family settlement or pension scheme. Changes in taxation and the economic climate may mean existing trust investments are no longer appropriate.

The Act states that trustees should invest as if they are absolutely entitled to the assets, ensure the ongoing suitability of the investments, consider tax, ensure sufficient diversity, consider the size and risk profile of the trust and regularly review the trust investments. If you’re not doing this you could be breaking the law.

Cost is also an important consideration and if a segregated portfolio is required, it can be more expensive than a pooled option and many managers often have a minimum initial investment of several million pounds that will be beyond the budget of many smaller/medium sized charities.

A segregated portfolio is one that is tailored precisely to the trust’s circumstance, goals and risk tolerances, while a pooled option is a way of putting sums of money from many people into a large fund spread across many investments and managed by professionals.

Finally, an increasing number of UK charities want to invest in a more socially responsible way and address environmental and governance (ESG) issues through their portfolios. Therefore, it's right that trustees should make sure they are getting what they want from their existing asset manager and consider new advisers from time to time.

Trustee Investment Act 2000

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What people say about us:

I have always been very satisfied with the advice and service I receive from them.

- Jennifer Hoyos

My adviser Chris Galpin is very good at explaining how our investments and pensions work, and he is always available should we need advice.

- Annie Roberts

We used the services of the Chris Galpin and I cannot rate his helpfulness, knowledge or patience highly enough. He very efficiently soughted out the best mortgage for us and then got on with the application process with the minimal amount of fuss. Nothing was too much trouble and I will be using him in the future.

- Fiona Gilbert

All our dealings to date have been excellent, they have listened to our requirements made suitable suggestions and implemented them in a friendly and professional manner.

- Michael Dearman

I have had honest advice and when my husband died they did all the necessary paper work for me very swiftlly and did not charge. A friendly professional firm who quickly understand your needs – no hard sell – your protection paramount.

- Patricia Revel

I get a good personal service from an experienced and thoughtful person whom I have known for 30+ years, and trust. That’s very valuable to me even when we don’t entirely agree on priorities! He also advises me on things I need to get around to doing, and I usually follow his advice.

- Penny Henderson

I have been with Dartington since before they were Dartington, and the level of service has continued at the same high standard.

- Adrian Moxon

They were recommended to me and I have already recommended them to others. They are good at explaining things in a way I understand.

- Sheila Thomas

Never had any problems. Friendly consultancies.

- Roger Stratford

I trust my adviser.

- Jon Daly

The financial adviser I have dealings with has been excellent over the years.

- Janet Huskinson

My experience has been very good, especially the personal help from Philip Bowden-Pickstock.

- Christine Jolly

I was very happy with the service that Dartington provided with respect to our new mortgage and I have already recommended them to a friend.

- Dr Michael Gifford

Our Address

Dartington Wealth Management Ltd.
5b Clifton Court,
Cambridge CB1 7BN

Tel: 01223 211 122

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