DQ7. What if something goes wrong and the registered charity can’t meet the conditions in the letter of permission?
The Charities Directorate advises that if a registered charity fails to meet the terms and conditions of the permission to accumulate or if circumstances change and the accumulation must be abandoned, the unused accumulated amount and any income earned on the accumulated amount must be included in the calculation of the charity’s disbursement quota for that year.
The unused accumulated amount must be included as property not currently used in charitable activities or administration, to calculate the amount to report. If the charity needs more time to accumulate funds or wants to change the approved amount, it must apply in writing to the Charities Directorate.