Reg, the auditors state that the magazine will be nil rated for gift aid. Third party insurance is not mentioned. I would have thought this came under primary purpose/public benefit. However the possibility of restructuring membership charges to get round the £25/25% is mentioned.
Which looks to me like they have it covered?
Adrian, the 'membership charity' thing is established under charity commission rules.
Link here
The auditors have suggested that the magazine *might* be nil rated for Gift Aid purposes. They can't say that for definite as HM Revenue & Customs, who will make the decisions on such matters, will not make any determinations until after the Club has become a charity. The same applies to all the other suggested benefits of charitable status.
Sorry Reg but as I read the auditors' report, they suggest these matters are clarified with HMRC
prior to becoming a charity. So there is
scope for further research before finally committing.
However, as I said before, it looks to me as though it is covered, as most of the member benefits fall well within the primary purpose/public benefit of the charity.
So long as the shop becomes a trading subsidiary.
Let's be honest, the benefits to members of the discount in the shop are pretty marginal anyway. As discussed elsewhere.