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The basis of the organisations set up to administer these funds was agreed between the Old Trust, Suburb Leaseholds, the Hampstead Garden Suburb Residents' Association and the Hampstead Garden Suburb Protection Society. The agreement provided that two separate Trust Companies should be formed: The New Hampstead garden Suburb Trust Limited and the Hampstead Garden Suburb Charitable Trust Limited. The reason for dividing the duties between two companies was to ensure that a position should never arise where there would be a conflict of interest between the primary duty to preserve the character of the Suburb (the New Trust) and the subsidiary duty to provide the maximum possible funds for charitable purposes (the Charitable Trust). The surplus income of the New Trust is passed on to the Charitable Trust. In 1968 the New Trust and Charitable Trust came into being and the Old Trust went into liquidation.
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