1. Charity Legal Structures For Charities Seminar Presenter: Mr Zee Shan

2. Content: 1. Intro to presenter 2. Trust 3. Limited company by guarantee 4. CIC (Community Interest Company) 5. Help and Advice 6. Q & A Presenter: Mr Zee Shan 3. Introduction of the Presenter 4. Zee Shan Bawany CTA ACCA MAAT Tax Manager Smartfield Accountants 5. Education Qualification Centre CTA (Chartered Tax Adviser) BPP Birmingham ACCA (Association of Chartered Certified Accountants) De Montfort Uni ATT (Association of Tax Technicians) FTC Birmingham C & G 7407 Teacher Training Leicester College AAT (Association of Accounting Technicians) Leicester College BTEC National Diploma in Computing Leicester College 6. Smartfield Limited Tax Manager Abbey Tax Plc Tax Consultant Smith Hannah Ltd Head of Personal Tax Leicester College Tax Lecturer Employment 7. Hobbies 8. Dream It is my dream to be able to make poached eggs without using paper bags. 9. Trustees have many commitments in life but they are willing to make a change in their communities by committing their time, effort and money, so they should be respected. 10. Forms of legal structures - Trust - Limited Company 11. Trust - A trust may be formed by a Trust Deed; - It is an unincorporated form of legal structure. 12. Trust Annual Compliance Requirements 1. Tax return and accounts to HMRC (exemption may apply) 2.Trustees annual return and accounts to Charity Commission (if income < 25k then accounts not needed) 13. Limited Company - A company limited by guarantee formed using a company formation agent; - It is an incorporated form of legal structure. 14. Limited Company Two types commonly used: 1. Normal Company Limited By Guarantee 2. CIC (Community Interest Company) 15. Normal Ltd Co By Guarantee Annual Compliance Requirements 1. Tax return and accounts to HMRC (exemption may apply if registered charity); 2. Trustees annual return and accounts to Charity Commission (if income < 25k then accounts not needed); 3. Annual return and accounts to Companies House. 16. CIC (Community Interest Company) Annual Compliance Requirements 1. Tax return and accounts to HMRC. Exemption may apply if HMRC direction given otherwise subject to tax like a normal company; 2. Annual return, accounts and community interest report to Companies House. 17. CIC Vs Ltd Co by guarantee charity (CLG) CIC CLG Tax Payable Exempt Grants Accessible Accessible Charity Commission No need to register Registration required 18. Additional Compliance Requirements 1. Payroll: if staff are hired; 2. VAT: charities are exempted from registering for VAT unless trading income exceeds the VAT registration threshold. 19. Procrastination by trustees Many a times the fear of paper work is perceived to be greater than the actual burden. E.g. Its only a cat not a lion. 20. Charity Commission 0845 300 0218 HMRC Charities Helpline 0300 123 1073 Help & Advice 21. Content: 1. Intro to presenter 2. Trust 3. Limited companies 4. CIC 5. Help and Advice 6. Q & A Presenter: Mr Zee Shan 22. Be willing to share 23. Feedback is important 24. The End