Community Amateur Sports Club (CASC)There are yet further delays and the latest news is that draft legislation will be released at some point in the summer; this will be followed by a consultation period so it is anybody’s guess when we will know what is happening.
In view of this it was agreed that the working party have completed their task of making both documents (Company Articles and Handbook) CASC compliant and can go no further at the moment.
The Chairman thanked them for their support and hard work over the last two and a half years.
In the future the Management Committee will re visit the CASC to see if this is the way forward for the club. This will be done once the government have decided on their new legislation. We have our documentation in place which will make the process reasonably straightforward.
It was agreed that the Working Party will now be disbanded.
Community Amateur Sports Club (CASC)Our pursuit of CASC registration is on hold because the Government announced in March that changes are to be made to the CASC scheme. They have launched a consultation paper, the results of which are due to be published in the Autumn. New rules on eligibility are expected to come into effect by the end of the year.Once the new rules are clarified we will review our position and recommend, what we believe to be, the best option for Boston Golf Club.In the October 12 Newsletter we gave a brief outline of what CASC is and why we believe the financial benefits are worth pursuing for Boston Golf Club.
For members who may not have seen the Newsletter, the article is reproduced below;
Community Amateur Sports Clubs (CASC)
The Community Amateur Sports Clubs Scheme was introduced in April 2002 by the Government to offer financial support to amateur sports clubs. It has enabled many sports clubs to register with HM Revenue & Customs (HMRC) and benefit from a range of tax reliefs and also benefit from the Gift Aid scheme.
To date over 6000 sports clubs have registered, including 500 golf clubs. Locally, Boston Rifle Club, Boston Cricket Club, Boston Indoor Bowling Ltd., and Boston Tennis Club have all registered. To register clubs have to meet certain criteria which form part of the club's constitution. The club then submits an application to HMRC, who administer the scheme, along with a copy of the Articles of Association and a copy of the Club Rules.
Why are we advising you about this?
Because the benefit to Boston Golf Club, should we register with HMRC would be a saving on our outgoing expenses of approximately £12,000 per annum. This is a significant sum in the current financial climate.
The required changes to the wording in the Articles of Association of Boston Golf Club would not affect:
the structure of the Club
the management of the Club
the rights of club members
the way we recruit new members
the way members subscriptions are set.
We have spoken to a number of CASC registered clubs and,without exception, they have had no problems, only significant financial benefits.
The next step
When the revised Articles of Association and Club Rules are finalised, we will hold a General Meeting to seek approval from the membership, for the updated documents and approval to apply to HMRC for registration to CASC membership
Further information will be issued as we progress the work. In the meantime if you have any questions or queries about this proposal, please contact a member of the Working Party:
Joan Young; Tony Reay; Ken Short or Steve Shaw.
Since then we have had the Club AGM where some queries were raised about the changes to the Memorandum of Association and Articles of Association of Boston Golf Club Ltd and a few members have sought clarification on some issues.
Just to remind members, both of the above documents were issued in August 1962 to comply with The Companies Act 1948.
More recently The Companies Act 2006 has been issued and we are updating our Articles and Rules to reflect the statutory changes and to make them CASC compliant. The work is well underway and we are extremely grateful to Roythornes for their support, at no cost to Boston Golf Club.
In the new year we aim to issue a Questions and Answer paper covering common questions raised by members and then follow that up with an Open Evening for members to discuss any aspect of the CASC project.
Briefly, our primary aim is to achieve CASC status with HMRC(who administer the scheme), which will reduce our running costs by over £12,000 per annum.
At the same time, we aim to update the Articles and Rules of Boston Golf Club.
Both proposals will need to be approved by the membership, so it would be a great help if you could let us know of any concerns you may have before we arrange an Extroadinary General Meeting.
Chairman. CASC Working Group.