Registered charity is an organization established and operated for charitable purposes, and must devote its resources to charitable activities. The charitable organizations that have an income of more than £5,000, and for whom the law of England and Wales applies, must register with the Charity Commission for England and Wales, unless they are an “exempt” or “excepted” charity.
- Charities registration is must because States require registration in order to disclose pertinent information regarding a charitable organization so its citizens are protected and properly informed.
- The purpose of registered charities is to operate exclusively for charitable purposes
- Relief of poverty
- Advancement of education
- Advancement of religion
- Purposes beneficial to the community
- Charitable organizations must register themselves with the charity commission of England and Wales to serve for charity purpose.
- Registered charities must have charitable registration number approved by charity commission of England and Wales to operate.
- A registered charity cannot use its income for personal benefit provided to its members.
- Registered charities are exempted from paying income tax.
- Setting up a registered charity in the UK can appear to be an overwhelming task.
- Charities in the UK are some of the most heavily regulated in the world.
- There are benefits to being a registered charity: you will receive an official charity number and be listed in the Charity Commissions public register of charities. This can help with fundraising – the charity number adds authority to your cause and some funders will only speak with registered charities.
- Being a registered charity comes with some annual reporting requirements to the Charity Commission, exactly what is involved depends on income.
- At the lowest level (£5K-10K) it is just submitting income and expenditure figures and keeping trustee details up to date but If your income is over £25,000 you will have to submit accounts
- We at Asma Accountants, assist our clients wishing charities registration in England and Wales (with the Charity Commission).
- Our Charities Registration Service is designed to make the process of registering as a charity as simple as possible:
- It will be the quickest and easiest way to register as a charity.
- We will take most of the work and all worry, away from you
- We have successfully set up many organizations and then registered as a charity.
- We can advise you on the most appropriate type of legal entity which you require to set up a charity. There are 4 options and you have to choose one to set up:-
- A trust.
- An unincorporated body (association).
- A company limited by guarantee.
A charitable incorporated association