In
recent years there has been a shift in the liability of charity trustees
which has led to a major rethink by some as to their personal exposure..
The
increased sums of money being given to charities to engage in various
projects on behalf on governments bodies, prompted many who were responsible
for the delivery of such projects to look at ways where where liability
could be minimised. such thoughts led to some choosing to incorporate as a
company limited by guarantee.
That
way the trustees personal liability was expressed at the outset and usually
limited to very small sums of money.
The
Charity Commission has been on hand to advise those with potential exposure
to look carefully at the trading vehicle in place and the various options
which exist. Companies House has confirmed that there has been an emergence
of companies limited by guarantee in charitable areas where they previously
did not exist.
