The Government have introduced a new legal structure for charities in England and Wales which is designed to make it easier for people to set up small and medium sized charitable organisations as well as being an attractive option for existing charities.
The new Charitable Incorporated Organisations (CIOs) will mean that the trustees of a charity have limited liability for debts incurred without the cost and bureaucracy of running the charity as a company.
Commenting on the changes, Brighton Kemptown MP Simon Kirby, said
“In the past large charities have been able to protect their trustees with limited liability by registering as a company. However, this was not always an option for smaller charities due to the cost and bureaucracy involved.
The CIO will change this and will have significant benefits for small and medium sized charities who will find it easier to encourage people to come forward as trustees.
I know there are many people in Brighton Kemptown who will be interested in this change, and I would encourage them to find out more about setting up and running a CIO at www.charitycommission.gov.uk.”
You must be logged in to post a comment.