Hello Everyone,

Just a really quick question (I hope!).

As mentioned in an earlier post (https://www.charityconnect.co.uk/post/final-steps-in-changing-from-trust-to-cio/14611/32173), we have succeeded in establishing a CIO.  

The Charity Commission confirmed that on the date of incorporation, we effectively started operating in the name of the CIO.  

What I forgot to ask them (and what I didn't think to ask about in my original post) is whether money going into the trust's accounts in the period between the day of incorporation and the asset transfer date technically belongs to the trust or the CIO? I would have thought it must belong to the trust, but if the Commission tells we are operating as a CIO from the day of incorporation then maybe it must belong to the CIO? Otherwise we are operating under the name of the CIO, but using trust money to do it. It all feels very unclear!

For what it's worth we have just succeeded (after answering many, many questions) in getting an account with the Co-operative Bank :-) so in some ways it doesn't matter that much as we haven't changed any activities, but I would really like to know the answer. 

Many thanks to everyone for their help so far! We are very nearly there now.