Charity Commission changes stance on transfer of assets

Charity Commission changes stance on transfer of assets: Charities seeking to transfer assets after dissolving to set up a charitable company with the same directors will now require Charity Commission approval to do so, the regulator has advised.

In a letter from the Commission's chief legal adviser Kenneth Dibble to the Charity Law Association's chair, Ann Black, Dibble said the Commission has recently dealt with a number of cases where unincorporated charities have sought to do this - usually to enable them to start trading.