Changes from the Charity Commission for England and Wales.
Legislation has been passed to allow charitable companies to convert to a charitable incorporated organisation in England and Wales. The Charity Commission for England and Wales intend to apply a phased implementation to applications from charitable companies. Those with annual income of less than £12,500 will be permitted to apply from 1 January 2018, with staggered dates eventually permitting applications from charitable companies with annual income of greater than £500,000 from 1 August 2018.
If you would like to discuss the pros and cons for your chairty, we would be happy to help. You can reach us on 01524 67111 to arrange a time to meet up.
Author: Tim Preece FCCA
A former pupil at Lancaster Royal Grammar School, Tim joined Scott & Wilkinson in 1992 as a trainee after completing a degree in Maths and Economics at Leeds University and qualified as an Accountant in 1996. Tim was...
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