Charity law changes timetable

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	February 2007 The first commencement order for the Act introduced these key changes:- The annual income threshold for compulsory audit has been raised to £500,000 (and the threshold for the balance sheet total doubles to £2.8m). This applies to accounts for financial years beginning on or after 27 February and benefits unincorporated charities and charitable companies. Charities in Scotland and Norther Ireland can now invest in Common Investment Funds and Common Deposit Funds. Income is no longer relevant in determining whether a charity has to submit an annual return to the Charity Commission (for financial years beginning from 27 February). The Charity Commission has assumed its new legal form as a body corporate with new statutory objectives, functions and duties. A number of its new and revised powers are now in force. The definition of "connected person" in relation to land transactions by charities has been extended. April 2007 From 23rd April 2007 the threshold for compulsory registration of small charities has risen to £5000 annual income (previously £1000). This applies even if the charity owns or occupies land or has permanent endowment. Existing small charities already registered can remain on the register. November 2007 Charity mergers and reorganisatinos - new rules and procedures Changes to fundraising regulations (ventures with commercial participators or professional fundraisers). March and April 2008 Charity Tribunal is operational, for appeals by trustees against Charity Commission decisions. Simpler procedures for changing administrative provisions and charitable puposes in unincorporated charity constitutions. Limited powers for charities to spend permanent endowment. New mechanisms to allow alternative uses for funds raised in failed appeals. Important changes to accounting thresholds and reporting obligations, including the requirement to report on public benefit in trustees' reports (for years beginning on or after 1 April 2008). Limited powers to remunerate minority of trustees for non-trustee services. Statutory definitions of "charity" and "charitable purposes" and the public benefit test activated. Enhanced obligations for statements to donors by commercial participators and professional fundraisers. During 2008/2009 Charitable incorporated organisations can be established. Compulsory registrations of formerly "exempt" and "excepted" charities begin. During 2009/2010 New public collection licensing regime comes into operation.

			Contacts
	Click contact name to email Cecile Gillard 0117 918 1319

			Charity News
	Public benefit guidance issued for charities The Charity Commission has issued its long awaited guidance on public benefit. Find out more Activation of the Charities Act 2006 (England and Wales). Find out more New rules on the assessment of public benefit. Find out more New charity law for Northen Ireland is expected during 2008. Find out more

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