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OSCR publishes incorporation guidance

Posted in News on Monday, 22 May 2017
OSCR publishes incorporation guidance The Scottish Charity Regulator (OSCR) has launched a range of guidance that provides charities with a range of information they might need to know before they start incorporating.  

Incorporation is when an unincorporated charity (an unincorporated association or trust) wants to change their structure to a Scottish Charitable Incorporated Organisation (SCIO) or a Company. There are many reasons why a charity might want do this; the charity may want legal personality, employ staff or they may be looking to secure funding streams.  A charity seeking to incorporate must apply to OSCR to create a new charity, and apply for consent to wind up the existing charity.  Once status and consent is granted, the ‘old charity’ can then transfer the assets and liabilities to the ‘new charity’.

In ‘A Guide to Incorporation’ OSCR has expanded its guidance on its incorporation process in an easy-to-digest format and is signposting charities to factsheets containing expert information from a range of organisations covering:

Accounting requirements 
Pension fund considerations 
Early Years Charities
Care Inspectorate requirements 
Transferring assets and liabilities 
Banks, Investments, Insurance and Licenses 
Tax matters 

Head of Casework, Martin Tyson said,

“Incorporation is a significant decision for any charity as there are important actions the charity will have to take. It’s not just about applying to OSCR.  Charity trustees and members need to understand the full implications of the decision, plan ahead and take into account that it will take time for the process to be completed.

“At OSCR, we listen to the sector. We identified the need for more support when charities are looking to incorporate and so we began working with experts across the sector to provide a clear pathway.

“We would like to thank all of the organisations who contributed material and we hope that every charity takes the time to understand its content before making any incorporation decisions.” 


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