Trust Account
What is a Trust Account?
A Trust Account is a bank account that is identified as holding
the funds of a third party, in this case YOU, our clients. The Trust
Account acts as a conduit to hold funds on behalf of all parties
until the services are provided. The Trust Account is completely
separate to the trading account, whereby the Trust funds are outside
the assets of the company in the event of a default. An independent
Trustee is assigned to the Trust Account and only the Trustee can
authorise the release of the funds from the Trust Account, in accordance
to the terms in the Trust Deed.
Who is the Trustee?
Finn-Kelcey & Chapman are a
widely respected firm of Chartered Accountants, which consists of some
seventy Partners and staff in their Ashford office. Well established,
they have been around for over 80 years and are well known for giving
a high level of service and expertise to their clients.
How does the Trust Account protect you, the client?
All monies received from a client shall be paid into the Trust Account
and held by the Trustee subject to the completion of the holiday.
These funds are held for you, the client, and in accordance with
the Trust Deed cannot be released until the Trustee is satisfied
that the holiday has been completed. In the event of the Travel
Company ceasing to trade for any reason whatsoever the Trustee shall
repay to Consumers all monies held on their behalf in the Trust
Account in respect of holidays which as a result are cancelled or
which have not been fully performed.
The Trust Deed
For those inclined to pay particular attention to the complete,
legally binding details of the Trust Deed itself, we have taken
the extra step of scanning in the actual, signed Trust Deed for
your perusal. To view this document click here
Need further information?
The Trustee will be pleased to answer any additional questions you
may have.
Finn-Kelcey & Chapman are located at Stourside Place, Station
Road, Ashford, Kent TN23 1PP
Telephone: (01233) 629255 Email: paulinepiddock@fkc.co.uk
All Of America Ltd
Suite 2, 1st Floor, Henwood Pavilion,
Hythe Road, Ashford, Kent TN24 8DH
Tel: 01233 660 553 -
email: res@allofamerica.co.uk
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