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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- CardiaTec Biosciences Secures £1.4m to combat cardiovascular diseases using Artificial Intelligence 6th Jul 2022 Cambridge-based startup, CardiaTec Biosciences raises investment to support further development of its mission to develop the next generation of cardiovascular disease targets.
- Raise Ventures pioneer an Emerging Leaders Summer School 6th Jul 2022 Raise Ventures on a mission to empower the next generation of business leaders and founders with the launch of their pioneering Emerging Leaders Summer School.
- Ulster Bank Funds Diverse Entrepreneurship 5th Jul 2022 The recipients of the 2022 Ulster Bank Enterprise Fund are announced, each aiming to promote and encourage entrepreneurship amongst underrepresented groups.
- New campaign launches to address disproportionate lack of support for disabled entrepreneurs. 5th Jul 2022 Leading disability-focused organisations join forces to launch the #Access2Funding campaign - calling on the VC and investment community to improve the representation, opportunities presented to and experience of disabled founders.
