Fancy Setting Up A Charity?

NathalieM By NathalieM, 28th Oct 2013 | Follow this author | RSS Feed | Short URL http://nut.bz/26if547-/
Posted in Wikinut>Money>Charity

Most of us have done something charitable in our lives, whether it be helping out someone less fortunate in life, buying clothes from a charity shop, giving money or raising money for charity but sometimes it’s just not enough. What about if you feel passionately enough about a cause and want to set up your own charity?

First Steps Of Setting Up A Charity

Well, first of all check that the type of charity you wish to set up doesn’t already exist as over 150,000 main charities registered with the Charity Commission
However, bear in mind that there are already you can find details of all English and Welsh registered charities on the Charity Commission's website

What Is A Charity?

In order to set up a charity it must be legally classed as a charity According to the Charity Commission, a charity is an organisation set up to benefit the public through:
• relief of financial hardship
• advancement of education or religion
• certain other purposes for the benefit of the community
So, as long as the cause you're planning to support falls under one of the above, you should be able to get your charity established legally.
Bear in mind that if your charity brings in less that £5,000 a year you don’t have to register it with the Charity Commission. You can still call it a ‘charity’ but you can’t refer to it as ‘registered’ or ‘charity status’
You can either set up a charitable trust, which is not counted as a corporate body or you could set up a corporate trust. This is more fitting if the charity is going to be run like a business and employ people and borrow money etc. by becoming a corporate body. Bank accounts will need to be set up, a name that no-one else is using needs to be chosen and you must put together a sound business plan.

Documentation

When you set up your charity you need to create a document that sets out the exact objectives of the charity and also this must include how the charity is to be run. Thinks of it a little like a rule book. When you then appoint trustees, each trustee must be given a copy of the book so it can be referred to regularly to make sure the rules are being followed.

Is It The Right Thing For You?


Charity formation does take time and effort and is not something to be taken on lightly. Think long and hard about whether forming a charity is the best way of achieving your charitable objectives. After all, there are already a whole host of well established charities looking for volunteers or employees and you could be one of them!

Tags

Charity Formation, Guide To Setting Up A Charity, Setting Up A Charity

Meet the author

author avatar NathalieM
Hello! I'm Nathalie and I love writing about what makes my world tick! Fashion, weddings, interior design, health, property..You name it, I will write about it!

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Comments

author avatar MarilynDavisatTIERS
28th Oct 2013 (#)

Good morning, Nathalie. I opened and ran a not-for-profit for more than 20 years in Georgia. This is an informative article. And you are exactly right about people looking around to see if someone else is already providing the service. I usually had 20-25 people on my board of directors and could not have done it without them and the hundreds of volunteers over the years. ~Marilyn

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author avatar NathalieM
28th Oct 2013 (#)

Hi Marylin. Thank you for your kind comments. it's great to have feedback from someone who has actually successfully run a charity! is your charity still going?

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author avatar MarilynDavisatTIERS
28th Oct 2013 (#)

Hi, Nathalie. No, we made a decision to close the women's recovery home in 2011. However, I still work with the addicted population in 2 other non-for profits and do some consulting on opening houses. I will be sure and include this article when we talk about for or not-for profit pros and cons. Good job. ~Marilyn

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author avatar AjaySinghChauhan
25th Oct 2014 (#)

good post and thanks for sharing it with us.

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