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SBGAM
Charity Registration |
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May 2004 |
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Although
the SBGAM has been in operation for many years, it was only in May
2004 that we became
a registered
charity
in our own right (No.
1103484). Further details of our registration can be
found at the Charity Commission’s web site.
(www.charity-commission.gov.uk).
Although we are affiliated to the Institute of Advanced Motorists (IAM),
who are themselves a registered charity, we are unable to enjoy the many
benefits of being registered ourselves.
We become registered
so that we can realize some of these benefits, including:
- by being registered, we
hope to further raise our profile in the community,
to attract more associates and thus increase our membership;
- although we are
able to apply for Lottery funding without being a registered charity,
raising funds from the public, grant-making trusts and local government
is generally far easier than not being not registered;
- as a Group, we should be exempt from paying income/corporation
tax, capital gains tax, stamp duty, and any
gifts to the Group will be free of inheritance tax;
- we will also be
able to draw on the extensive knowledge and resources of the Charity
Commission.
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