So, assuming the donation is ok and doesnt contravene the regs, is the donation 100% deductible?
For example, a CIC gives a donation to an approved enterprise agency of £5000, will they get a £5k relief against their tax…"
Allowable relief for contributions to an approved enterprise agency, does anyone have a good working knowledge? Section 84 Income Tax (Trading and Other Income) Act 2005
Is it 100% deductible?"
If you would like the Association to get involved with helping you raise funds, please register your interest here and we will contact you to discuss your individual requirements. CIC Association recommends for start ups/small projects :Awards for All(Not for profit-3 Directors required, up to £10k) Unltd (For funding…See More
Thank you, John Mulkerrin, for accepting me into the association, and for the initial advice. Apologies for the late response, just finding it too easy to get taken off track at the minute.
What I am hoping to gain from membership is to be steered in the right direction. The CIC I am looking to form is going to be loosely based on the Men's Shed phenomenon, that is currently sweeping the country. It will have a specific task to work with former serving members of HM Armed Forces.
We want to be able to offer a workshop facility to aid the transition from service, back into civilian life. We will be offering training in woodcraft and metalcraft, and hopefully, be in a position to assist in job search, and indeed, employ some of the volunteers ourselves.
Many ex service personnel find this transition difficult due to the lack of structure that they had during their service. As a result, a lot of these people are feeling abandoned, and this can lead to them finding themselves in further difficulties, such as homelessness. Our aim is to give these people something to aim for, whilst maintaining some form of the structure that they know well, from time in service.
Any advice on this would be most welcome. Many thanks in advance to all.