Exam 13: Cy-Près: Redistributing Funds and Changing Purposes

The Sodor Railway Trust (a registered charity) has been raising money for the rebuilding of the Sodor coastal line, a steam and heritage railway project estimated to cost about £10 million. When the Trust had raised about half of this sum, a massive landslide made the project completely unviable. Which of the following statements about the money raised by the Trust is least accurate?

Which of the following would be treated as cases of subsequent failure (more than one applies)?

Which of the following would not be treated as situations where a cy-pres application would be permitted?

Which of the following examples would not be considered to be examples of the initial failure of a charitable gift?

Rocky, in his will, left £100,000 to 'Mountchapel Prostate Cancer Support Group to assist in its invaluable work in providing advice and practical support for men with prostate cancer.' In which of the following circumstances is it likely that the gift would take effect notwithstanding that there is no longer a group with this name in existence (more than one may apply)?