Regulator's Revitalising Trusts programme has freed up £10m since 2018

The initiative targets charities that are not spending sufficient amounts of their charitable income

The Charity Commission has helped to free up more than £10m from inactive or ineffective charities since October 2018 as part of a programme targeting charities that are not spending sufficient amounts of their charitable income.

The commission said 1,031 charities had been contacted as part of its Revitalising Trusts programme, which aims to either close or revitalise dormant or underperforming charities.

Charities that have not spent any money in five years or less than 30 per cent of their income over the same time period have been contacted by the programme.

The initiative is run in partnership between the commission, UK Community Foundations and the Department for Digital, Culture, Media and Sport.

It seeks to help charities appoint new trustees, identify beneficiaries, spend income or even let trustees have enough time to run charities properly.

There are three outcomes for participating charities: transferring assets to another charity; winding up; or changing the purpose to continue working, but more effectively.

Charities that might be applicable can contact the Charity Commission or UKCF for advice.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in