FC United of Manchester - Community Benefit Society

By VoR10/2/2024 08:22Sat Feb 10 08:22:50 2024

Views: 711

FC United of Manchester were formed in 2005 as a Community Benefit Society.

Each member has one vote & can make donations to the Club, in any amount.

Andy Walsh, who was their General Manager before joining the Football Supporters Association, was instrumental in setting FCUM up at the outset.

A Community Benefit Society is regulated by the Financial Conduct Authority (FCA).

It does not need to be registered at Companies House.

Although a CBS cannot be registered as a charity by the Charities Commission, it can apply to HMRC for an exemption.

Edit:

A CBS is set up to serve the general public in the wider environment.

It is also worth noting that a CIC is not a charity, equally a Co-operative is not a charity.

Edit:

A girl who joined FCUM donated 50p & a 'southerner' who joined (who was not a Manchester United fan) donated £170k.

Edited by VoR at 08:26:31 on 10th February 2024
Edited by VoR at 08:27:10 on 10th February 2024
Edited by VoR at 08:33:09 on 10th February 2024