# Charity Commission hunts out dormant charity bank accounts

- Link: https://fundraising.co.uk/2002/10/10/charity-commission-hunts-out-dormant-charity-bank-accounts/
- Published: 2002-10-10T23:00:00+01:00
- Author: Howard Lake

The Commission has started a project to trace and identify charity funds in dormant
bank and building society accounts, using their powers in section 28 of the Charities
Act 1993.
The Commission is working with financial institutions and aims to identify
any unused charitable resources which can be recovered and reapplied for other charitable
purposes. It explains that this task is in line with its statutory duty of promoting
the effective use of charitable resources.

Section 28 of the Charities Act 1993 encourages banks, building societies, deposit-
takers, etc. voluntarily to inform the Charity Commission of dormant accounts without
breaching client confidentiality. Once informed, the Commission, after making “reasonable(
but unsuccessful) enquiries to locate any of the charity trustees”, can find “proper
outlets for applying the money (which would otherwise continue to remain in a dormant
account achieving no effective benefit) towards charitable purposes.”

If it finds any such dormant accounts, it reserves the right to transfer the funds
to other charities with similar objects for application towards charitable activities.

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So far it appears the Commission has found only one account which it proposes to
transfer, namely that of the North Tees Scanner Appeal.

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