The Charities Act 2022
The first set of changes introduced by the new Charities Act 2022 will come into force this autumn.
These changes include:
1. A new power that can be used by trustees to be paid for providing goods to charities.
2. A new power that enables trustees to process ‘ex gratia’ payments where they reasonably feel a moral obligation, without coming to the Commission. Financial thresholds will apply.
3. Simpler and proportionate rules where fundraising appeals do not raise enough money, or too much.
4. Allow greater flexibility around advice needed when selling, leasing or transfering land, which will come into effect in Spring 2023.
5. Provisions to make things more straightforward for charities to change their governing documents.
6. More flexibility when using ‘permanent endowment funds’, which is money or property meant to be held by a charity forever, also due to come into effect in Spring 2023.
You can read more about what will be changing in further detail here.
If you are looking for a dedicated accountant for your charity, get in touch with our expert team today.
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