5Functions of the Foundation

5 Functions of the Foundation

5 Functions of the Foundation

Without limiting section 50 of the Interpretation Act 1987, the functions of the Foundation are:

(a) to purchase, exchange, take on lease, hold, dispose of and otherwise deal with property as trustee for, or for the purposes of, Assemblies and Assembly organisations, and

(b) to financially assist Assemblies and Assembly organisations:

(i) to erect, alter, demolish, rebuild, maintain and operate assembly halls, churches, chapels and other church buildings, education centres, youth centres, training and conference centres, camps, colleges, schools, hospitals, orphanages, children’s homes, hostels, old people’s homes, rest homes, retirement villages and any other institutions or undertakings of a similar nature, and

(ii) to acquire and maintain motor vehicles, aeroplanes and other forms of transport, and

(iii) to acquire and maintain radio, broadcasting and television equipment, sound equipment and photographic equipment, and

(iv) to acquire and operate opportunity shops and bookshops, and

(c) to act as agent for any Assembly or Assembly organisation in the purchase, holding, sale, leasing, letting, management or charging of property or any interest in property, and

(d) to do, in its own right, any of the things referred to in paragraphs (a) and (b) (i)–(iv), and

(e) to make gifts and donations for religious or charitable purposes, and

(f) to acquire property by gift or by devise or bequest and to agree to and carry out the conditions of the gift, devise or bequest, and

(g) to receive funds on deposit or on loan, on such terms as it thinks fit, for the purpose of exercising the functions referred to in this section, and

(h) to mortgage, charge or otherwise encumber property, and

(i) to enter into any guarantee or indemnity which may assist the Foundation in the performance of its functions, and

(j) to print, publish and distribute (gratuitously or otherwise) any newspapers, periodicals, books or leaflets, and