Reply To: CIO (Charitable Incorporated Organisation)

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#158225
Victoria Hill
Participant
(33)

Hi. Our “trustee” is a limited company and our “trustees” are all directors of that limited company. We file charitable accounts for the almshosues and dormant accounts for the limited company. Its all explained in the accounts. Its straight forward to operate. The only time I had an issue was with HSBC who, years after it was implemented, suddenly decided they didn’t like it. In the end we changed banks and it has been fine since then.