Small groups will benefit from act

The first provisions of the new Charities Act will come into force next week, benefiting trustees and small charities.

From 27 February, charities will be allowed to buy trustee indemnity insurance for their boards.

The Charity Commission will also have new powers to relieve trustees of personal liability for any mistakes they have made that put their charity's assets at risk - providing they acted "honestly and reasonably".

Small organisations will benefit from a number of measures to cut red tape. These include the raising of the financial thresholds that determine whether charities must have their annual accounts professionally audited.

The threshold will be increased from £1,000 to £5,000 at some point later this year.

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