▁before ▁receiving ▁royal ▁ass ent . ▁Although ▁the ▁nature ▁of ▁the ▁char ity ▁will ▁vary ▁depending ▁on ▁the ▁cla uses ▁en act ed , ▁generally ▁a ▁royal ▁char ter ▁will ▁offer ▁a ▁char ity ▁the ▁same ▁limited ▁li ability ▁as ▁a ▁company ▁and ▁the ▁ability ▁to ▁enter ▁into ▁contract s . ▁ ▁The ▁Char ities ▁Act ▁ 2 0 0 6 ▁legisl ated ▁for ▁a ▁new ▁legal ▁form ▁of ▁incorpor ation ▁designed ▁specifically ▁for ▁char ities , ▁the ▁char itable ▁incorpor ated ▁organization , ▁with ▁powers ▁similar ▁to ▁a ▁company ▁but ▁without ▁the ▁need ▁to ▁register ▁as ▁a ▁company . ▁Be coming ▁a ▁C IO ▁was ▁only ▁made ▁possible ▁in ▁ 2 0 1 3 , ▁with ▁st agger ed ▁introduction ▁dates , ▁with ▁the ▁char ities ▁with ▁highest ▁turn over ▁el ig ible ▁first . ▁ ▁The ▁word ▁foundation ▁is ▁not ▁generally ▁used ▁in ▁England ▁and ▁Wales . ▁Occ asion ally , ▁a ▁char ity ▁will ▁use ▁the ▁word ▁as ▁part ▁of ▁its ▁name , ▁e . g . ▁British ▁Heart ▁Foundation , ▁but ▁this ▁has ▁no ▁legal ▁significance ▁and ▁does ▁not ▁provide ▁any ▁information ▁about ▁either ▁the ▁work ▁of ▁the ▁char ity ▁or ▁how ▁it ▁is ▁leg ally ▁struct ured . ▁The ▁structure ▁of ▁the ▁organization ▁will ▁be ▁one ▁of ▁the ▁types ▁of ▁structure ▁described ▁above . ▁ ▁Reg istration ▁Char itable ▁organizations ▁that ▁have ▁an ▁income ▁of ▁more ▁than ▁£ 5 , 0 0 0 , ▁and ▁for ▁whom ▁the ▁law ▁of ▁England ▁and ▁Wales ▁applies , ▁must ▁register ▁with