Scottish Incorporated Charitable Organisation (SCIO) status
On 31 July 2020, the Office of the Scottish Charity Regulator (OSCR) advised that our application for SCIO status had been successful.
Inverkeithing Trust was set up for the benefit of the community of Inverkeithing. Being a charity makes it clear to everyone that our Trust is a non-profit organisation and, importantly, it is eligible to seek funding opportunities that will support our charitable aims.
Key SCIO benefits include:
the members of a SCIO are not liable to contribute to the SCIO’s debts in the event of winding up
a SCIO is a legal person, which means that Inverkeithing Trust can enter into contracts etc in its own name resulting in less individual risk to our board of Trustees
SCIOs are regulated by OSCR and the regulations imposed are light-touch, meaning reduced reporting obligations and administration.
For more information about being a SCIO, please follow link below to guidance on OSCR website: