Could I ask why you are registering with the FSA? I thought they were for banks and insurance companies or something. Are you also registering as a charity or are you not allowed as you could operate commercially in the future (just guess work on my part). Interested to understand.
Fair question DRF, I will try and get you a more thorough answer later as I would need to refer to our vice chair for exact details. But essentially from advice and to gain endorsement from Supporters Direct we register as a Community Provident Society (not a charity or indeed a 'Trust' in the strict technical financial sense as I understand it) although Supporters' Trust is what these things are known as. We follow a common set of rules and constituion also laid out by SD, this is how they enforce uniform governance on such bodies. I beleive the FSA thing is with regard to future possible financial actions I beleive.
Hopefully Craig will come on later and clarify anything I've missed.
Could I ask why you are registering with the FSA? I thought they were for banks and insurance companies or something. Are you also registering as a charity or are you not allowed as you could operate commercially in the future (just guess work on my part). Interested to understand.
DRF - as far as I recall, this type of entity, that is, one that has the intention of being "of benefit to the community" is defined as being an industrial or provident society and is therefore required to be registered with the FSA. The regulation process however is very "light touch" indeed and thus far less onerous than for deposit takers, insurers or, indeed credit unions. I also understand that the type of activities that Supporters Trusts are involved in means that they cannot be classed as charities. I think this is because charities have a very clearly defined list of possible activities, for example, "the advancement of amateur sport". So I suspect that having links to a professional football club would preclude charitable status. Hope that helps.
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and i've paid my subsciption
gl CASTrust
We aim to develop it further as an advert free way of accessing Charlton news and other stuff. Glad the feedback is good so far.
Signed up & Paid membership.
Emailed recently to say I was happy to help with any flyer/poster/photoshop design work if needed. Never heard back but happy to help.
Are you also registering as a charity or are you not allowed as you could operate commercially in the future (just guess work on my part).
Interested to understand.
Hopefully Craig will come on later and clarify anything I've missed.
Can you look in your "messages" please re next Weds night ? Thanks.
I also understand that the type of activities that Supporters Trusts are involved in means that they cannot be classed as charities. I think this is because charities have a very clearly defined list of possible activities, for example, "the advancement of amateur sport". So I suspect that having links to a professional football club would preclude charitable status. Hope that helps.