Need - CIO
As mentioned in
our last newsletter I can confirm that our charity has now
become an incorporated body and granted the status of CIO.
of achieving this status without the complications of
becoming a company was provided by legislation passed in
2015 which set up a new status called a Charitable
Incorporated Organisation (CIO). The trustees decided to go
down this path because it offers the advantages enjoyed by a
limited company, without the need to change the way the
trustees run the charity, while remaining responsible solely
to the Charities Commission.
advantages are twofold. Firstly the trustees are no longer
personally liable for the charities liabilities (just like
company directors) and, secondly, the CIO is a legal entity
able to enter into contracts, leases and the like. These, at
present, have to be in the names of trustees who change over
time. Perhaps most importantly, it has become clear that
prospective trustees are increasingly unwilling to be
appointed to unincorporated charities. We have a different
registered charity number, which is 1174351, but apart from
that our supporters will see little or no change.
80 High Street
00 44 (0) 1784 483206