Starting a Charity - Some Key Information
by Startacus Admin
Starting a Charity - Some Key Information
Much of the time, starting something amazing doesn't necessarily mean starting a business… self-starters come in
all shapes and sizes and, not surprisingly, have all manner of different big and small ideas. Sometimes these ideas are all about helping to make the world a better place and if you fall into that category then perhaps you might want to consider starting a charity. Don’t be fooled though… just because a charity isn't a business in the traditional sense, there’s still an enormous amount of hard work and responsibility to take into consideration before you begin. Hopefully this quick guide to the basics will help you to get off to a great start.
What is a charity?
We aren't suggesting that you don't know what a charity is, but the average person may well have never considered fully what the term actually means until they are looking into starting one for themselves. The word charity (within the UK) carries with it a myriad of provisos, regulations and legal frameworks so it’s a really good idea to get your head around this fine print before taking the next step. Legally within the UK a 'charity' is an institution which is established for charitable purposes only and is subject to the control of the High Court's charity law jurisdiction.
Again in the UK - The Charity Commission (http://www.charitycommission.gov.uk/) will be able to provide you with all the finer details that you need, but for the time-being here are a few of the major points to consider:
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A charity is an organization which exists solely for the benefit of the public and not of an individual/individuals
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The work that your charity carries out must be towards the fulfillment of one or more of the government’s approved charitable purposes, which include the prevention or relief of poverty, the advancement of education, the advancement of the arts, culture, heritage or science, the advancement of environment or its improvement. The regulations also cover a number of other purposes all of which can be found on the Charity Commission website
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The work of an organisation does not qualify as a charitable purpose is; political, unlawful, against public policy or intended to serve a non-charitable purpose
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A charity must be run by a board of trustees who do not personally benefit from any of its activities
Why become a charity and the different types of charity...continued on page 2
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- Startup Sook Receives Investment from Tobin Capital 24th May 2023 Tobin Capital continues to expand its portfolio by investing in pop-up marketplace Sook, the startup on a mission to revolutionise the high street.
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