Clubs and Societies

Recent changes in the regulatory framework for clubs and associations have given rise to a range of new possibilities for some organisations within this sector.

The extension of gift aid to donations to community amateur sports clubs has provided these organisations with the means to maximise the funding available from individual donors in support of their activities. The removal of tax on low levels of profits within these clubs will also increase the funds available for sport.

The extension of charitable status set out in the 2006 Charities Act will allow some organisations to qualify as charities for the first time. The new legal forms e.g. the Community Interest Company may provide alternative constitutional structures for some associations.

On the other hand, for clubs and associations outside these changes, the Inland Revenue is becoming more closely focussed on such issues as non-member trading and mutuality which increases the risk of surpluses being subject to taxation.

At HW we are committed to providing:

• A well-planned, hassle-free, but thorough and insightful accounts and audit process
• Practical problem-solving and relevant, implementable solutions
• Expert advice and support to management and committees in every area of club finance
• An in-depth understanding of membership issues
• Clarity about costs overall and at every stage
• Direct partner dialogue with clients of all sizes
• Year round "hotline" support and far-sighted, timely newsletters

If you would like to dicuss how we can help or for more information please contact your local office.