If a charity is an unincorporated trust rather than a limited
company, the trustees could be personally liable if the charity has
insufficient assets to meet a claim against it. How do the trustees
protect themselves?
Community interest companies (CICs) were introduced in 2005 -
six years on, there are over 4000 on the CIC Register. Find out if
this type of company is more suitable for your community project or
social enterprise than a charity.
In October 2009 the last set of provisions under the Companies
Act 2006 were brought into force. Its deregulatory measures may
help with the administration of your charity - but there are some
new laws your trustees will need to know about.
Latest news on CIOs
The Office for Civil Society has announced that the new
charitable incorporated organisation legal form (the "CIO") will
become available at some stage in 2011. We shall wait and see!
Disposals of charity land
The Charity Commission has updated its guidance on the sale,
lease, transfer or mortgage of charity land (CC28, May 2009). This
reflects the new provisions in the Charities Act 2006. We can
advise charity trustees and their professional advisers - lawyers,
surveyors and accountants - who are dealing with charity land
transactions on the correct procedure in this complex area of the
law.