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to 38,000 small charities are now able to opt out of producing
annual registration reports to the Charity Commission, potentially
saving the sector £1.3 million in staff costs.
The latest element of the Charities Act, which comes into
force on 23 March, means charities with an annual income
below £5,000 are no longer compelled to register themselves
with the regulator. The previous threshold was just £1,000.
Small charities which hold an endowment or own land will
also not be forced to register.
According to the Cabinet Office, an estimated 20 hours
of trustee time will be saved for each of the 1,500 small
charities that register for the first time each year following
the change in registration rules.
Any registered charities that fall below the new £5,000
income thresholds will now be able to choose whether to
de-register. All charities will, however, remain under the
regulatory jurisdiction of the Charity Commission.
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