Should WOBYC relinquish “Ltd” and work towards “CHARITABLE” Status?
The Charities Act 2006 recognises the ‘advancement of amateur sport’ as a charitable purpose; thus charitable status is open to sports clubs provided they can meet the conditions laid down in the Act.
The range of benefits available to a charity are wider than those available under the CASC scheme. However, the trade off for this was that historically (at least) charities were more regulated than CASCs (although with the proposed changes to the CASC scheme this distinction may no longer be so evident). (The “CASC” scheme closed in April 2016, but is included for information within some links).
Charities are regulated by the Charity Commission and if WOBYC takes on this status it will be necessary to ensure that the club complies with charity law.
Related Links:
• Charitable Status
• Pros and Cons of Charitable Status
• Tax Comparison – Charity CASC [but remember CASC has closed; remainder of this information table is still valid].
If requiring further assistance please contact the Legal Team
Tel: 023 8060 4223 Email: legal@rya.org.uk.
There are four main legal forms for charities:
Title |
+ Advantages + |
– Disadvantages – |
|
Trust (Deed or Will) |
Trust |
|
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Unincorporated Association (Constitution or Rules) |
UA |
|
|
Charitable Incorporated Organisation (Articles of Association) |
CIO |
|
|
Company Limited by Guarantee (Constitution) |
CLG |
|
|