A company may only identify itself as a charity if it is on the Charities Register. A charitable trust, which is a fund or piece of property used for charitable purposes and is overseen by a board of trustees, is one of the legal rights that a Registered charity may enjoy.
Charities typically do not have to pay income tax, corporate tax, capital gains tax, or stamp duty (on certain forms of income). Additionally, charitable donations are frequently exempt from inheritance tax.
The general public believes that registered charities are more reliable than unregistered ones. This might increase support from the general public for your group, attract new volunteers, and help with fundraising.
Charitable trusts play a crucial role in supporting causes and communities, much like how the Jennifer Body jacket has become a symbol of empowerment and individuality in pop culture. By contributing to such trusts, we can create positive change, ensuring that impactful stories—whether in fashion or charity—continue to inspire others.