Glossary of Common Terms
The following is a list of common terms regarding charities and non-profit organisations:
Office of the Registrar of Non Profit Organisations - With effect from 30th June 2014 the Office is now situated at the Guernsey Registry.
Registrar of Non Profit Organisations - Appointed by the Treasury and Resources Department the holder of this Office is the Registrar of Companies at the Guernsey Registry.
The Register - This is the Register of Non Profit Organisations, it is established and maintained at the Office of the Registrar on Non Profit Organisations. Part of the Register is available for public inspection electronically on this website.
Organisation - Includes a body of person (corporate or unincorporated), a trust, any other legal entity, any equivalent or similar structure or arrangement, including a charity.
Registered Organisation - means any organisation on the Charities or Non Profit Organisations Register.
Manumitted Organisation - means an organisation which is administered, controlled or operated by a person -
a) Who holds or is deemed to hold a licence granted by the Guernsey Financial Services Commission under the regulatory Laws, and
b) Who administers, controls or operated the organisation in the course of his regulated activities.
Charity/NPO Principals - Means the persons who own, direct, or control the activities of the organisation including its directors, management committee officers and trustees.
Income - The income of a charity or NPO includes all monies raised or received, such as investment income, membership fees, subscriptions, donations and funds, settlements/Deeds of Covenant and the like.
Constitution- This is the charity/NPO 's governing document. A charity/NPO should be formally set up with clearly documented aims and rules by which it will be run. Your charity's governing document is a legal document. It works as a rulebook, setting out:
-the charity's name
-the charity's structure
-its charitable purposes ('objects')
-what it can do to carry out its purposes ('powers'), such as borrowing money
-who runs it ('trustees') and who can be a member
-how meetings will be held and trustees appointed
-any rules about paying trustees, investments and holding land
-whether the trustees can change the governing document, including its charitable objects ('amendment provisions')
-how to close the charity ('dissolution provisions')