A charity was previously operating as an unincorporated charity formed under a Will dating back hundreds of years. The trustees were concerned about personal liability and were attracted to the protection offered by the incorporated status of a charitable incorporated organisation (CIO).
We therefore incorporated the charity as a CIO and transferred into it the land held by the Official Custodian on behalf of the original unincorporated charity. We also advised the client and its auditors on the Charity Commission’s vesting declaration, a legal document which transfers the property from the original charity to the CIO.
