Closing a charity
Once we commence registration and your charity is registered with us, if it is to close, you’ll need to let us know so we can remove it from the register of charities. In most cases this is all you have to do.
However, if your charity has investments or land you’ll need to make sure that you’ve considered what will happen to them.
Dealing with investments
If your charity has investments that can only be spent in certain circumstances (‘permanent endowment’) you will need to either remove this restriction or transfer the permanent endowment to another charity.
If your charity owns land that can only be used for the charity’s purposes, you should tell us what you are planning to do with it. Contact CCNI.
Merging with another charity
When registration commences and if your charity is on the register of charities and you’ve decided that merging with another charity is the best way of meeting your current and future beneficiaries’ needs, in most cases where one of the charities is to close simply contact us so we can update the register of charities.
The majority of mergers don’t need our consent because a charity’s governing document usually gives trustees the power to merge with other charities.
We will need to be involved in future if your charity does not have the power to merge with other charities, or if its governing document states that our consent is necessary. You should contact us in the first instance for more information. Contact CCNI.