Town and Country gets charity status
Filed Under Country Curtain | Posted on January 28, 2008
Related ItemsTown and Country gets charity status Tunbridge Wells based Town %26amp; Country Housing Group has been granted charitable status by the Charity Commission marking the final part of the group%26#39;s restructure.
The majority of housing associations have charitable status because of the nature of their work and for financial reasons.
The new status could potentially save the group more than %26pound;1 million each year in tax.
Jon Rosser, chief executive said: %26quot;This money will be invested back into building and maintaining homes and providing quality services to our tenants and communities.%26quot;
Groups often keep a non-charitable arm to enable them to do work that is not classed as charitable.
In this way, Town %26amp; Country Living, which deals with the group%26#39;s market rented properties, will remain as a non-charitable organisation.
Town %26amp; Country Living also provides shared ownership and key worker accommodation.
The decision to apply for charitable status was agreed by the group%26#39;s Boards after consultation with tenants.
The Group has also created a new charitable foundation which will undertake its community-based work and be able to apply for grants and donations.
Town %26amp; Country Foundation will provide grants to community projects, and training opportunities for local people.
It will also set up services to tackle issues such as money management and give residents more opportunities to get involved in community schemes and initiatives.
Tags: amp, donations, money, s marketRelated posts
Leave a Reply