News 4
Charity insolvency—personal liability of charity trustees
Produced in partnership with Rebecca Walker of Lester Aldridge LLP
Practice notesCharity insolvency—personal liability of charity trustees
Produced in partnership with Rebecca Walker of Lester Aldridge LLP
Practice notesFORTHCOMING CHANGE: The Charities Act 2022 (CA 2022) received Royal Assent on 24 February 2022 and the plan, as set out in Charities Act 2022: implementation plan is for its provisions to come into force in three defined groups over three stages, on 31 October 2022, on 14 June 2023 and in ‘early 2024’.
For a summary of the provisions in CA 2022 which have been implemented so far, see: Charities Act 2022: information about the changes being introduced.
CA 2022 implements the majority of the recommendations from the 2017 Law Commission report, ‘Technical Issues in Charity Law’. For a summary (as at 9 April 2021) of the recommendations that have been accepted, see News Analysis: Government response to Law Commission report ‘Technical Issues in Charity Law’
The term ‘charity trustee’ is defined in section 177 of the Charities Act 2011 (CA 2011) as anyone who has general control and management of the administration of a charity. As such, Charity trustees can encompass directors of charitable companies and community benefit
To view the latest version of this document and thousands of others like it,
sign-in with LexisNexis or register for a free trial.
Related documents:
Practice notes 3
Q&As 5
- A tenant charity has ceased to exist and been removed from the Charity Commission register. The leas...
- Are bodies governed by the Co-operative and Community Benefit Societies Act 2014 able to use the mem...
- Can a corporate charity (limited by guarantee), that is not insolvent, wind itself up? Are there any...
- Does a company charity (in administration) have to file accounts/annual returns with the Commission...
- How can a private company limited by guarantee that is also a registered charity distribute excess c...