The Charities Act 2011 (c. 25) is a UK act of Parliament. It consolidated the bulk of the Charities Act 2006, outstanding provisions of the Charities Act 1993, and various other enactments.[1]
Repeals
Legislation repealed in its entirety by the Charities Act 2011 included
- Recreational Charities Act 1958 (6 & 7 Eliz. 2. c. 17),
- Charities Act 1993 (c. 10),
- Charities (Amendment) Act 1995 (c. 48),
- Charities Act 1993 (Substitution of Sums) Order 1995 (SI 1995/2696),
- Charities Act 2006 (Charitable Companies Audit and Group Accounts Provisions) Order 2008 (SI 2008/527), and
- Charities (Pre-consolidation Amendments) Order 2011 (SI 2011/1396).
Amendments were made to other legislation.[2] It replaced most of the Charities Act 1992 (c. 41) and Charities Act 2006 (c. 50).[3]
Independent examination
Section 145(1)(a) allowed for charities' financial accounts to be independently examined where a full audit is not required. An "independent examiner" is a person not connected to the charity who is "reasonably believed by the trustees to have the requisite ability and practical experience to carry out a competent examination of the accounts".[4]
Social investment by charities
Additional provisions were added by the Charities (Protection and Social Investment) Act 2016 granting a "general power" to charities to make "social investments", that is actions undertaken both to further the organisation's charitable aims and to make a financial surplus. In this context a charity's actions do not need to be financial "investments" as the term would generally be understood.[5]
See also
Notes
- ^ Charities Act 2011: Introductory Text
- ^ SCHEDULE 10 Charities Act 2011
- ^ "About the Charities Act 2011". Charity Commission for England and Wales. Archived from the original on 13 May 2014. Retrieved 8 June 2017.
- ^ Charity Finance Directors' Group, Independent Examination "update on Good Practice", accessed 15 November 2023
- ^ Charities Act 2011, section 292A, added by section 15 of the Charities (Protection and Social Investment) Act 2016, granted royal assent on 16 March 2016, accessed 5 November 2023
References
- JE Martin, Hanbury & Martin: Modern Equity (19th edition, Sweet & Maxwell 2012) ch 15
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