In this Part—

• “the 1960 Act” means the M1Charities Act 1960;

• “financial year”—

  1. a

     in relation to a charity which is a company, shall be construed in accordance with section 223 of the M2Companies Act 1985; and

  2. b

     in relation to any other charity, shall be construed in accordance with regulations made by virtue of section 20(2);

• “gross income”, in relation to a charity, means its gross recorded income from all sources, including special trusts;

• “independent examiner”, in relation to a charity, means such a person as is mentioned in section 21(3)(a);

• “the official custodian” means the official custodian for charities;

• “the register” (unless the context otherwise requires) means the register of charities kept under section 4 of the 1960 Act, and “registered” shall be construed accordingly;

• “special trust” means property which is held and administered by or on behalf of a charity for any special purposes of the charity, and is so held and administered on separate trusts relating only to that property.

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No vesting or transfer of any property in pursuance of any provision of this Part, or of any provision of the 1960 Act as amended by this Part, shall operate as a breach of a covenant or condition against alienation or give rise to a forfeiture.