Trusts Act 2019
The Trusts Act 2019 came into effect at the end of January. If your organisation is a Charitable Trust, this means you are captured by the new act!
Main impacts of the act relate to Trust rules. Trustees need to know the contents of Trust rules, and to ensure that the Trusts activities are carried out in exact accordance with the Trusts rules.
As a result, some entities may need to make changes to their Trusts rules to reflect the operations of the Trust.
And remember, your Trust rules will dictate how you can make changes to your Trusts rules!
Clear as mud, right?
Get in touch if you need clarification or peace of mind about any impacts on your Charitable Trust.