Is charitable status for you?
A charity is an organisation set up solely for charitable purposes and to provide a public benefit. It also must not:
- not allow its property to be used for non-charitable purposes
- not allow Ministers to direct or otherwise control its activities
- not be a political party, and not have as its purposes the advancement of a political party
Not all voluntary organisations are charities. There are distinct advantages and disadvantages relating to charity status that should be considered.
|Tax relief on surpluses and donations||Restrictions on spending|
|Access to funding only available to charities||Cannot engage in party political activities|
|Rates relief for premises||Must adhere to specific legislation|
|Special VAT concessions||Trustees have specific duties and responsibilities under legislation|
All charities must submit an annual return and accounts to OSCR every year and seek their permission to make certain changes.
Is charity status right for you?
|Community Interest Company|