CHARITY STATUS for CYCLING?
Do we Qualify?
To qualify as a Charity an organisation must have been set up exclusively for a number of approved objectives including:
"the advancement of sports, where the sport advances health through physical skill and exertion"
That is exactly what SACA is about - so YES we qualify.
Are there other requirements?
Yes there are.
There are a number of changes required to our Constitution. These will be submitted to an AGM or EGM for consideration and approval by all our members.
We will need to appoint a minimum of 3 persons to be TRUSTEES.
Our standards of Governance and Financial Management will need to be upgraded to levels mandated by the CODE of GOVERNANCE issued by the "The Charity Council."
Why are we taking on this Challenge?
Why Not?
We expect high level performances and discipline from those that represent us in the various fields of cycling competitions - and they continue to deliver.
Would it not be proper that we back them up with a high level of performance in Governance and Financial Management?
We are convinced we need High levels of performance on the Field and in the Office to obtain more support from the Sports Authorities. With increased support we can better prepare our existing and future riders.
The wheels of progress for our sport will continue to turn.
Oh Yes - one benefit of being a recognised Charity is that Donors will be entitled to Tax Deductions on donations (currently to the value of 2.5 times the amount donated). But not yet - only after we become an approved Charity.