26 Upper Street
Islington
London N1 0PQ
ph: +44 (0) 207 704 9764
diamonda
Regulations of all charities are governed in the UK
by the Charities Act 2006.
Organisations which are not-for-profit may consider registering with the Charities Commission for a charity status.
Accounts and financial statements and trustee details must be submitted to the Commission annually.
An organisation wishing to become a charity has two options:
Avoid the limited liability option and submit charity registration directly to charities commission.
This provides no legal protection to individual trustees. Individuals who are concerned about the extent of their personal liabilities are advised to seek proper legal advise.
It is important that trustees are aware of the legal implications of the two options available.
It is also important that the appropriate legal documents are used to mirror the activities of the organisation. The major requirements are to ensure that the organisation objects are charitable in law.
We are specialists in registering charities.
Copyright 2010 Diamond & Co - Accountants & Business Advisors. All rights reserved.
26 Upper Street
Islington
London N1 0PQ
ph: +44 (0) 207 704 9764
diamonda