STOP PRESS! Charities Act 2022 – second set of provisions came into force yesterday

Key changes to charity law rules on charity land transactions, permanent endowment and charity names came into force yesterday. They aim to make running a charity simpler and more cost effective. The Charity Commission has updated its guidance in line with the new legislation.

Permanent endowment

The capital threshold for releasing permanent endowment without Charity Commission consent has been raised to £25,000 – and the £1,000 income threshold abolished.

Updated Charity Commission Guidance

Charity land

Changes to advertising requirements, reports and widening the permitted group of advisors beyond qualified surveyors.

Updated Charity Commission Guidance

Charity names

Working names have been granted the same protection as registered names. The Commission has a new power to delay registering a charity that has applied to be registered with an unsuitable name.

Updated Charity Commission Guidance

You can read about the changes in more detail here  Governance being made Easier? - Mills & Reeve (mills-reeve.com) and take a look in our forthcoming newsletter for a more detailed breakdown of the new rules and regulations. To sign up visit Register for My M&R | Mills & Reeve (mills-reeve.com)