Special Purpose Funds
Special Purpose Funds arise when funds are donated to The Charity for specific purposes within its charitable objects, and therefore have a more restricted application. For example, The Charity may receive funds from donors who have indicated that they should be applied to staff welfare of a specific department or a particular type of research. These funds are classified by the Charity Commission as restricted funds but we also refer to them as Special Purpose Funds (SPFs).
The Charity currently administers in excess of four hundred of these funds. These funds are of great benefit to Barts and the London NHS Trust, Barts and the London Queen Mary’s School of Medicine and Dentistry, and the other NHS organisations whose funds The Charity has responsibility for.
*** CHANGE OF BANK DETAILS ***
The Charity will have a new bank account for all donations and payments/expenditure relating to Special Purpose Funds effective from 1st December 2012.
Any payments due to your SPF on 1st December or thereafter should be directed to the NEW account. Please contact Deborah Meredith (firstname.lastname@example.org) for details of the new account, ensuring you inform any organisations/individuals who may be making a payment at that time or in future that the details have changed.
*** IMPORTANT - PLEASE INFORM THE CHARITY AS SOON AS POSSIBLE IF A FUNDHOLDER LEAVES THE TRUST / MEDICAL SCHOOL, OR IF AN ADDITIONAL FUNDHOLDER SHOULD BE ADDED, SO THAT OUR RECORDS ARE UPDATED ACCORDINGLY. TO DO THIS, PLEASE COMPLETE A 'SPF001 FORM' (DOWNLOADED FROM THE USEFUL DOCUMENTS MENU) AND SUBMIT IT TO THE CHARITY ***