Purley Bury Tennis Club Extraordinary General Meeting Monday 11 th - - PowerPoint PPT Presentation

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Purley Bury Tennis Club Extraordinary General Meeting Monday 11 th - - PowerPoint PPT Presentation

Jul 13, 2023 19 likes •120 views

Purley Bury Tennis Club Extraordinary General Meeting Monday 11 th September 2017 Move to Change Status of Club to a Charitable Incorporated Organisation Agenda 1. Introduction Chair 2. Why Change Treasurer 3. Q&A All 4. Vote

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SLIDE 1

Purley Bury Tennis Club

Extraordinary General Meeting Monday 11th September 2017 Move to Change Status of Club to a

“Charitable Incorporated Organisation”

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SLIDE 2

Agenda

  • 1. Introduction

Chair

  • 2. Why Change

Treasurer

  • 3. Q&A

All

  • 4. Vote

All

  • 5. Close
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SLIDE 3

Legal Status of the Club

  • We are “unicorporated”
  • The club is not a legal entity - members

individually responsible for any defaults e.g. legal actions, debts, tax etc.

  • We are at the mercy of the council

regarding rates (currently zero but…)

  • HMRC more likely to pursue

unincorporated entities

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SLIDE 4

Options Available

  • 1. Remain unincorporated
  • 2. Limited Company
  • 3. CASC
  • 4. CIO
  • 5. Cooperative Society etc. etc.
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SLIDE 5

Practical Options

  • 1. Community Amateur Sports Club (CASC)
  • 2. Charitable Incorporated Organisation

(CIO)

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SLIDE 6

Benefits of Both

  • 1. Mandatory 80% relief on rates plus

discretionary 20%

  • 2. Gift aid on donations
  • 3. Assured Tax status
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SLIDE 7

CASC

  • 1. It is a tax regime
  • 2. Administered by HMRC
  • 3. Strict accounting rules.
  • 4. Relatively close control by HMRC e.g.

new rules in 2015 inc. affordability

  • 5. Well known – many clubs have taken

CASC status

  • 6. Does not provide incorporation i.e. no

provision for individual protection

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SLIDE 8

CIO

  • 1. Become a registered Charity and also gain

incorporation

  • 2. Administered by Charities Commission
  • 3. Relatively light touch e.g. Accounts only
  • n a P&L and Balance Sheet format
  • 4. Newish (2013) so not so well known – but

very popular in Scotland, recommended by LTA and specifically includes sports clubs

  • 5. Additional sources of funding plus Gift Aid
  • 6. Provides incorporation i.e. provision for

individual protection

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SLIDE 9

Drawbacks

  • 1. New constitution required
  • 2. Initial admin effort to convert
  • 3. Bar to be set up as a separate entity
  • 4. Accounts to be submitted
  • 5. Membership records to be kept
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SLIDE 10

Next Steps

  • 1. Membership agreement to proceed via

vote at this EGM

  • 2. Finalise Bar status
  • 3. Make application