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Incorporated charities can convert to CIOs

From January 2018, incorporated charities in England and Wales will be able to convert to charitable incorporated organisations (CIOs) under new regulations introduced by the Charities Act 2011. The Charity Commission has published a phased conversion timetable that will allow incorporated charities with an annual income of less than £12,500 to convert first. The conversion process will be open to all incorporated charities from August 2018. The Charity Commission predicts that between 20% (7,200) and 35% (12,600) of existing incorporated charities with covert to CIOs over the next ten years.

Read more about the change at:
https://www.gov.uk/guidance/legislative-changes-affecting-the-charitable-incorporated-organisation-cio

 

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