Yahoo Web Search

Search results

  1. People also ask

  2. Charities Act 2022 is up to date with all changes known to be in force on or before 22 October 2024. There are changes that may be brought into force at a future date.

    • Changes That Came Into Force on 7 March 2024
    • Changes That Came Into Force on 14 June 2023
    • Changes That Came Into Force on 31 October 2022

    Making changes to governing documents

    The new statutory power that trusts and unincorporated associations can use to make changes to their governing document is now in force. If using this power, these charities will need to get the Commission’s authority to make certain ‘regulated alterations’ in the same way as charitable companies and Charitable Incorporated Organisations (CIO). Other changes that are in force include: 1. how unincorporated charities must pass trustee and (where they have members) member resolutions when using...

    Selling, leasing or otherwise disposing of charity land

    The following provisions are now in force: 1. provisions relating to disposals by liquidators, provisional liquidators, receivers, mortgagees or administrators 2. provisions relating to the taking out of mortgages by liquidators, provisional liquidators, receivers, mortgagees or administrators 3. changes about what must be included in statements and certificates for both disposals and mortgages These provisions were due to come into force on 14 June 2023 but did not. Read our guidance: 1. Sel...

    Charity mergers

    For certain mergers, new rules are now in force that will allow most gifts to charities that merge to take effect as gifts to the charity they have merged with. The statutory process for certain (small) unincorporated charity mergers has been repealed. Read our guidance: 1. How to merge charities

    Selling, leasing or otherwise disposing of charity land

    Charities must comply with certain legal requirements before they dispose of charity land. Disposal can include selling, transferring or leasing charity land. The Act simplified some of these legal requirements. The changes that came into force include: 1. widening the category of designated advisers who can provide charities with advice on certain disposals 2. confirming that a trustee, officer or employee can provide advice on a disposal if they meet the relevant requirements 3. giving trus...

    Using permanent endowment

    Put simply, permanent endowment is property that your charity must keep rather than spend. The Act introduced new statutory powers to enable: 1. charities to spend, in certain circumstances, from a ‘smaller value’ permanent endowment fund of £25,000 or less without Commission authority 2. certain charities to borrow up to 25% of the value of their permanent endowment fund without Commission authority Charities that cannot use the statutory powers will require Charity Commission authority. A n...

    Charity names

    The Act enables the Commission to: 1. direct a charity to stop using a working name if it is too similar to another charity’s name or is offensive or misleading. A working name is any name used to identify a charity and under which the activities of the charity are carried out. For example, ‘Comic Relief’ is the working name of the charity ‘Charity Projects’ 2. delay registration of a charity with an unsuitable name or delay entry of a new unsuitable name onto the Register of Charities 3. use...

    Paying trustees for providing services or goods to the charity

    Charities now have a statutory power to pay trustees for providing goods alone to the charity in certain circumstances. Using the new statutory power, trustees can be paid for: 1. services only, for example estate agency or computer consultancy 2. services and associated goods, for example plumbing or painting service and any associated materials such as plumbing parts or paint 3. goods only, for example supplying stationery to the charity Read our guidance: 1. Payment to charity trustees: wh...

    Fundraising appeals that do not raise enough or raise too much

    There are now simpler requirements for trustees to follow if an appeal does not raise the amount needed to deliver its aim, raises too much or circumstances change and the donations cannot be used as intended. Read our guidance: 1. Charity fundraising appeals for specific purposes You can read a blog produced by the Fundraising Regulatorabout these changes.

    Power to amend Royal Charters

    These charities have a new statutory power to change sections in their Royal Charter with approval from the Privy Council. Read our guidance: 1. Royal Charter charities In addition, the following changes are now in effect: 1. the Charity Tribunal has the power to make “authorised costs orders” following an application by a charity. Read our guidance about decision reviews and the Charity Tribunal 2. the Commission’s scheme-making powers include making schemes for charitable companies 3. trust...

  3. Jul 28, 2020 · The TRUST Act focuses on securing endangered trust fund programs over the long term. Because the commissions' main goal would be long-term solvency, policymakers would likely phase in policies or delay them for several years until the economy fully regains strength.

  4. Time to Rescue United States Trusts Act of 2021 or the TRUST Act of 2021. This bill establishes congressional rescue committees to develop recommendations and legislation to improve critical social contract programs. A critical social contract program is a federal program.

  5. Nov 2, 2022 · We examine how the Act could make life easier for trustees dealing with defective trustee appointments; seeking remuneration for providing goods to charity or payment for work already done where payment was not authorised; as well as reducing red tape for corporate trustees needing trust corporation status.

  6. The Money Laundering and Terrorist Financing (Amendment) Regulations 2022 have been approved and will come into force on 9 March 2022, changing the deadlines for extended trust registration and excluding certain low-risk trusts from the need to register.

  7. Feb 1, 2023 · One of these Acts is the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Act, 2022. This Act amends several existing Acts of Parliament, one of which is the Trust Property Control Act, 1988 (the Act) that inter alia governs trusts, including the typical family trusts that have been established for the benefit ...

  1. People also search for