Following the success of the new legal structure of the Charitable Incorporated Organisation (CIO), introduced in England and Wales in 2013, the government has issued draft enabling regulations on converting existing organisations to the model.
Some charities that have been established with the company structure may wish to convert to the CIO structure, and some community interest companies may also wish to become charities and adopt the CIO structure.
» Continue reading news item ... “Enabling conversion to Charitable Incorporated Organisation model”
Solicitors Russell Cooke takes a look at the Charitable Incorporated Organisation legal model two years on from its introduction. With over 5,000 in existence, in 2014 forty per cent of all charity applications made to the Charity Commission were for CIOs.
The article sets out the key features of a CIO and why, if you are an unincorporated association or charitable trust, it may be an advantage to incorporate. » Continue reading news item ... “Weighing up charity and ‘community’ legal structures”
Civil Society News reports that more organisations are applying to become charities because of the appeal of the charitable incorporated organisation (CIO) structure.
At its recent public meeting in Birmingham, the chief executive of the Charity Commission said that registrations had seen a steady increase of around 20 per cent year-on-year.
Civil Society News reports that there is a further delay until charitable companies limited by guarantee can apply to become charitable incorporated organisations (CIOs).
The government has now confirmed that this will not go ahead until after the General Election, the second delay in introducing the necessary conversion regulations. More at http://www.civilsociety.co.uk/governance/news/content/19219/further_delay_in_registering_companies_as_cios.
With the move from the old Charity Commission website to Gov.uk, it can be hard to spot which ‘new’ pages are simply republished from previous versions. These two appear to have had some updates:
Change your charity structure covers how to change an unincorporated association or trust to a charitable company or CIO, plus other types of conversion, https://www.gov.uk/change-your-charity-structure.
How to transfer charity assets – how to transfer money, investments or property to another charity on closure, merger or replacement by a charitable company or CIO, https://www.gov.uk/how-to-transfer-charity-assets » Continue reading news item ... “Transferring charity assets and changing structure”
KnowHow NonProfit recently published a useful case study from the Trust for the Study of Homicide on “their difficulties and success in the process of becoming a Charitable Incorporated Organisation”.