There is a new basis for determining whether or not a would-be charity is required to register with the CC. Previously small charities which had an annual income of £1,000 or less did not have to register unless they had a permanent endowment or the use, or occupation, of land.
The Act removes the permanent endowment or land requirement and raises the income threshold to £5,000. In future therefore if an organisation is charitable and has an annual income of £5,000 or above it must be registered with the CC.
Existing charities with income below £5,000 will be able to ask to be removed from the register. However they will still remain as charities and have to abide by charity law.
This change is effective from 23 April 2007.