Transcript Document

Integrity, Innovation, Inspiration
Integrity, Innovation, Inspiration
SEMINAR OUTCOMES
Community Amateur Sports Clubs (CASC)
What is
CASC?
Is it
right for
us?
How to
apply
for it
Seminar outcomes
By the end of the seminar, participants should be able to:
Recognise the advantages of becoming a CASC
Describe the processes required to apply for CASC status
List the areas of development in order
to apply for CASC status
Understand the key elements of a
successful application
Looking to be
more efficient
and effective
and need to
save money?
Would paying
significantly
reduced
business rates
help your club?
Looking to
relocate through
sale of current
facilities and
facing potential
large capital
gains tax bill?
Would
exemption of the
capital gains tax
allow the club to
reinvest more
into the club?
General information
The CASC scheme recognises
this important role by
distinguishing between clubs and
businesses for rates and tax
purposes, ensuring money is kept
in sports clubs
Both property and non-property
owning clubs can significantly
benefit from the scheme
CASC facts and figures
Around 6,200 clubs are now registered as Community
Amateur Sports Clubs (CASC).
These clubs, partly through mandatory rate relief and the
ability to claim Gift Aid on voluntary donations, have
benefitted from almost £130 million in savings since 2002
What are the benefits of CASC?
80% mandatory business rate relief
The ability to raise funds from individuals under Gift Aid. A
registered CASC can reclaim up to £25
in tax for every £100 donated
CASCs are exempt from Corporation
Tax on profits derived from trading
activities if their trading income is
under £30,000 pa
Profits derived from property income are also exempt for
CASCs if gross property income is under £20,000 pa
JustGiving for sports clubs
Makes it easier for sports clubs to raise money and claim
Gift Aid
Free subscription to JustGiving (worth £180 per year), for
all CASCs
Allows club members to raise money more easily, quickly
and efficiently
JustGiving complete all the administration and payments
are made weekly
Is my club eligible?
To become a Community Amateur Sports Club, clubs must:
be a recognised sport by Sport England
not discriminate in any way in their membership policies
and be open to all sections of the community
have a core purpose in the promotion of amateur sports
participation
be non-profit making, and re-invest any profits in the
sports club
Is my club eligible?
To become a Community Amateur Sports Club, clubs must:
stipulate that in the event of being wound up, any
remaining assets be distributed to either the sports
governing body for use in community sport, another CASC
or charity
ensure that anyone involved in the day-to-day running of
your club is deemed to be a ‘Fit and Proper Person’
How to apply?
Go onto website – www.cascinfo.co.uk
Read and discuss the guidance notes from HM Revenue &
Customs (HMRC) and decide if CASC registration is the
right choice for your club
Look at your sports club’s constitution - is this an accurate
reflection of the club’s policies and does it fulfil the criteria
set out in the guidance notes
Complete and submit HMRC application form
Top reasons for rejection
1
• Not being mainly for the provision of sports facilities and the promotion of
eligible sports
2
• Lack of an open membership clause in the club’s constitution or evidence
that this is being delivered
3
• Potential members have to be known by an existing member or introduction
by another club
4
5
6
• Selection by ‘black ball’
• No appeal on refusal of membership
• Inappropriate or missing dissolution clause
Referred
application
Successful
application
Unsuccessful
application
Possible
outcomes
Support for clubs
www.cascinfo.co.uk
HM Revenue & Customs helpline - 08453 020203
Contact the 'CASC champion' of your national governing
body
Your county sports partnership
What to do next?
Go back to your club and discuss the
outcomes of this seminar with the
committee
Ensure your members know that they are
relinquishing their rights to share in the
assets of the club
Consult the advice and support available
Complete the application form accurately
and as soon as possible if you decide to go
ahead
Question and answer session
Integrity, Innovation, Inspiration
Integrity, Innovation, Inspiration