- Latest available (Revised)
- Original (As made)
2.—(1) Section 3 of the Charities Act 1993(1) is amended as follows.
(2) In subsection (5), for paragraph (c) substitute —
“(c)any charity whose gross income does not exceed £5,000;”.
(3) After subsection (13) insert —
“(13A) In this section any reference to a charity’s “gross income” shall be construed, in relation to a particular time —
(a)as a reference to the charity’s gross income in its financial year immediately preceding that time, or
(b)if the Commission so determines, as a reference to the amount which the Commission estimates to be the likely amount of the charity’s gross income in such financial year of the charity as is specified in the determination.”.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Click 'View More' or select 'More Resources' tab for additional information including: