The new Charities Bill is progressing through the House of Lords and within it, is proposed some amendments to technical issues which could have implications for colleges, as exempt charities.
The purpose of the new Bill is to simply some of the existing law to reduce the financial burden on charities, thereby allowing them to focus their funds for public benefit. Proposed amendments include the following topics:
- changing purposes i.e. charitable objects and amending governing documents will become easier
- disposals of charity land, allowing charities access to other persons than qualified surveyors and to more straightforward rules on what advice they must receive, which could save them time and money when selling land
- payment of ex gratia sums out of charity funds
- remuneration of trustees for the supply of goods to their charity (currently trustees can only be paid for supply of services)
as well as Charity Commission powers, and a raft of other areas such as fundraising and charity insolvency.
It is anticipated that this Bill will come into law sometime in the coming months,