A big step forward for Brockwell Swimmers
At a Special General Meeting on the 1st October swimmers present voted in favour of becoming a registered Community Amateur Sport Club, a 'CASC'. This has now been approved by the Inland Revenue.
The Community Amateur Sports Club scheme was introduced in 2002 as an option for sports clubs to register with HMRC to receive 'charity type' tax reliefs. The very successful South London Swimming Club at Tooting Lido is also a CASC.
To register Brockwell Swimmers has met the following qualifying conditions:
• We are open to the whole community.
• We are organised on an amateur basis.
• Our main purpose is the provision of facilities for, and the promotion of participation in, one or more eligible sports.
• We must not exceed the income limit.
• We have met the management condition.
• We have met the location condition.
• We have a suitable constitution.
One of the immediate benefits has been getting our PayPal account back, which had been blocked because of their uncertainty of our our tax status. Registration also puts us on a firmer foundation when hiring facilities and also approaching sponsors for future club events. CASC may seem just little word, but this has been a big step forward for the club.