Unit Price & Distribution 2011

This website ("Site") is made available by Savills Investment Management (UK) Limited, a private limited company authorised and regulated by the Financial Conduct Authority (FCA) of the United Kingdom under firm reference number 193863, registration number 3680998 (England), and having its registered office at 33 Margaret Street, London W1G 0JD (the "Manager").

The Charities Property Fund (the "Fund") is a Common Investment Fund which is an open-ended investment vehicle, similar to unit trusts, but designed specifically for charities and established under Section 24 of the Charities Act 1993 (now Section 96 of the Charities Act 2011). This Fund is categorised as a non-mainstream pooled investment and cannot be marketed to the general public. Units in this Fund are available only to such charities that may be lawfully promoted to under COBS 4.12B.7R(5) (Exemption 2) of the FCA Handbook (Enterprise and charitable funds) and this Site must not be used by any other person.

By accepting this notice, you represent, warrant and agree that you are an Eligible UK Charity.

Nothing on this Site shall be regarded or taken as financial advice or any other type of advice and should not be relied on as such. Access to this Site is provided only for the purpose of general information. If you are in any doubt you should refer to your authorised financial adviser.

The information contained on this Site does not constitute an offer or solicitation to anyone in any jurisdiction where such an offer is not lawful or to anyone to whom it is unlawful to make such an offer or solicitation.

The basis of taxation and any applicable relief, and the rates of taxation, may change in the future, and independent advice should be sought.

Past performance is not a reliable indicator of future performance.

The value of investments, and the income derived from them may go down as well as up and investors may receive less than the original amount invested.

When reviewing the information contained in this Site, potential investors should consider the following general duties and responsibilities of trustees as set out by the Charity Commission:

1. Charity Trustees must from time to time review the investments of the charity and consider whether, having regard to the investment criteria (set out in paragraph 2 below) imposed by charity law, the investments are appropriate or should be varied.
2. The investment criteria are: the suitability to the charity of investments of the same kind as any particular investment proposed to be made or retained of that particular investment as an investment of that kind; and the need for diversification of investments of the charity; in so far as is appropriate to the circumstances of the charity.
3. Before exercising the power of investment of the charity, the charity trustees must obtain and consider proper advice about the way in which, having regard to the investment criteria, the power should be exercised.
4. 'Proper advice' is the advice of a person who is reasonably believed by the charity trustees to be qualified to give it by his ability in, and practical experience of, financial and other matters relating to the proposed investment.

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