Setting up a Charity
Forming a charity does have similarities in setting up a business in that there are certain considerations that are very similar such as operational planning, strategy and financial requirements. However there are also many differences and the process for achieving registered charity status relies on a different process of registration, one that makes different demands of the applicant and will examine the objectives of the operation to determine whether the organisation can be registered as a charitable organisation by law. This is an area where Franklins can offer a full service from advice about an application through to completion.
Becoming a Trustee of a charity comes with its own set of responsibilities and Franklins are well placed to provide practical advice and support to an individual who is considering taking up this mantle. Just as with a senior post in a commercial operation, there are potential liabilities associated with supporting a charitable organisation and identifying the exact duties and risks is an area where professional advice can be valuable.