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NEWS FOR CHARITIES |
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The Charities Act 2006 |
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The Charities Act 2006 was passed in November 2006 and introduces a few changes to the governance of charitable organisations. The main features which may affect members of Making Music include:
- The income threshold for charitable registration with the Charity Commission increases from £1,000 to £5,000
- The Charities Act 2006 introduces a new type of governance structure for charities, the Charitable Incorporated Organisation (CIO). This will enable liability for the members of a charity to be limited in a similar way to a charitable company, but without the considerable bureaucratic burden that operating as a company entails. Although this does not come into effect until 2008, it is Making Music's belief that many of our members will benefit from becoming a CIO, or setting up as one.
See our Information Sheet no.12, 'Setting up a Society and Model Constitution' for more information. This can be found in the members area.
Also useful is the website of the Charity Commission |
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Content last updated:
25th October 2008 |
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 Making Music, 2-4 Great Eastern Street, London, EC2A 3NW |
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 Making Music Office, 020 7422 8280 |
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 info@makingmusic.org.uk |
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