More than 90% of UK Community Amateur Sports Clubs (CASC) are not claiming Gift Aid and other benefits that could boost the club income by several thousands of pounds per year.
Gift Aid can be added (by the Inland Revenue) to donations from individuals who are UK taxpayers at the attractive rate of 28%. This is all taken care of by our system and requires no paperwork for the club. Also if your club is also a CASC, donations to your club itself can be Gift Aided.
Some clubs are now looking at ways of using Gift Aid to impact on the Clubs Fees?
What are the possibilities?
Sports clubs miss out on funding help… (Source: Weston & Worle News / August 2007)
At present, sports clubs that register under the Community Amateur Sports Club (CASC) scheme are entitled to claim Gift Aid tax relief. But Millions of pounds of potential tax relief is also be being wasted by CASC registered clubs.
Figures passed to Weston MP John Penrose suggest that 90 per cent of already eligible clubs are missing out. Estimates given to Mr Penrose by the Central Council of Physical Recreation (CCPR) show that only 10 per cent of registered sports clubs actually claim Gift Aid on the funds they raise.
Mr Penrose has written to all the local CASC registered sports and community clubs on the issue and is asking the Government to ensure that existing CASC clubs are better informed of the benefits of using Gift Aid. Mr Penrose said: "At present, it is estimated that only 10 per cent of sports clubs registered under the CASC scheme actually claim Gift Aid on the funds they raise. This amounts to over £2.8 million in total, an average of over £6,000 a club."
For more information go to
Not a CASC?
It is likely you will be eligible to become a CASC if you can answer ‘yes’ to the following questions…
1. Is membership of the club open to the whole community?
2. Are all the club's facilities available to members without discrimination?
3. Does the club's constitution prevent profits of the club being distributed amongst its members (i.e. any profits must go back into the club)?
4. Does the club provide facilities for & encourage participation in eligible sports?
5. Does the club's constitution provide that on dissolution of the club, any net assets are to be applied for approved sporting or charitable purposes?
For more information go to
http://www.hmrc.gov.uk/casc/index.htm
Pages:
CASC Club Subscriptions