(2) Scope and powers permitting trustees’ or connected
(a) A charity trustee or connected person may receive a
benefit from the CIO as a beneficiary of the CIO provided
that a majority of the trustees do not benefit in this way.
(b) A charity trustee or connected person may enter into a
contract for the supply of services, or of goods that are
supplied in connection with the provision of services, to
the CIO where that is permitted in accordance with, and
subject to the conditions in, sections 185 to 188 of the
Charities Act 2011.
(c) Subject to sub-clause (3) of this clause a charity trustee
or connected person may provide the CIO with goods that
are not supplied in connection with services provided to
the CIO by the charity trustee or connected person.
(d) A charity trustee or connected person may receive interest
on money lent to the CIO at a reasonable and proper rate
which must be not more than the Bank of England bank
rate (also known as the base rate).
(e) A charity trustee or connected person may receive rent
for premises let by the trustee or connected person to the
CIO. The amount of the rent and the other terms of the
lease must be reasonable and proper. The charity trustee
concerned must withdraw from any meeting at which
such a proposal or the rent or other terms of the lease are
(f) A charity trustee or connected person may take part in
the normal trading and fundraising activities of the CIO on
the same terms as members of the public.