Scottish childcare charity becomes first to convert to charitable incorporated organisation

Glen Urquhart Childcare Centre switches to the new legal form after it became available for existing organisations in January

Glen Urquhart Childcare Centre
Glen Urquhart Childcare Centre

A Scottish childcare organisation has become the first charity to convert to the charitable incorporated organisation legal form.

The Office of the Scottish Charity Regulator announced the conversion of Glen Urquhart Childcare Centre yesterday.

A Scottish charitable incorporated organisation is a new legal form that provides protection against liability for trustees while having fewer reporting requirements than a company.

The regulator has given SCIO status to 215 new charities since the legal form was introduced in Scotland in April 2011. Glen Urquhart Childcare Centre is the first existing charity to convert since SCIO status became available for existing organisations in January.

The launch of charitable incorporated organisations in England has been repeatedly delayed since the form was brought in by the Charities Act 2006.

Arlene Johnstone, board director at Glen Urquhart Childcare Centre, said: "We now have the reassurance of continued protection against personal liability, along with reduced reporting. As a company limited by guarantee, we were required to report both to Companies House and to the OSCR as charity regulator. We accept as a SCIO that there are new responsibilities, but reporting only to the OSCR means that we can focus on providing our services to the local community."

Martin Tyson, head of charity services at the OSCR, said: "The SCIO legal form was keenly awaited in Scotland's charity sector and we continue to see a high level of demand. The SCIO legal form offers a number of benefits, but it's also important that for those seeking conversion to read our guidance and to satisfy themselves that the SCIO is appropriate for their organisation."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in
Follow us on:

Latest Governance Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners


Expert hub

Insurance advice from Markel

How bad can cyber crime really get: cyber fraud #1

How bad can cyber crime really get: cyber fraud #1

Promotion from Markel

In the first of a series, we investigate the risks to charities from having flawed cyber security - and why we need to up our game...