Charities Bill Passes Consideration Stage
It is anticipated that royal assent will be granted early next year which will enable the Charity Commission to commence its consultation on its guidance for the public benefit requirement soon after. The register of charities can then be established once the official guidance on the public benefit requirement is published which is most likely to be in September.
In addition to the public benefit amendment, the Charities Bill also includes an amendment to Section 65(4) of the Act which concerns who is qualified to carry out an independent examination of accounts over £100,000. There was an error in the drafting of the Act, which required a Fellow instead of a Full Member of ACIE to be eligible to carry out a prescribed independent examination. This has now been rectified.