## Summary - For a charity to exist it must - Meet definitions in the list of the purpose s2(2) of the Act - pass the public benefit test - Political purposes are not valid and cannot exist - Organisations with charitable status cannot use assets for any purpose other than the pursuit of charitable objectives. - The assets of a charity can never be used for private benefit. ([View Highlight](https://read.readwise.io/read/01h45t9ygc3p1haewcqnck1t0t)) - Certain political activities and types of trading are subject to restrictions ([View Highlight](https://read.readwise.io/read/01h45taxp7cy4rt1b71acdm5f3)) - Trustees must not be paid unless the constitution of a charity, and the Charity Commission, authorise it. ([View Highlight](https://read.readwise.io/read/01h45tb8bbd7k2fq6tkv3n6a99)) - Charities cannot raise equity investment. ([View Highlight](https://read.readwise.io/read/01h45tbcc1xfvxpq0hpft9vgk3)) ## See also - [[Charity Commission Good Governance Code]]