CASC Approval of clubs

[snaps1230]

Hi. CASC is a one way ticket - if you change your mind you can't back out. Fine while the concessions remain but potentially a problem if/when a government changes the rules.

[keith66]

When the CASC thing first came out our yacht club looked into it & it was proposed to go down that route.
It was defeated at an agm on the following argument.
Becoming a Casc suits Clubs that dont own their own land or property. If the club leases land from a local Council its worth doing.
If the club owns its own land freehold you are effectively giving your land away to the IR for ever.
There is nothing to stop a club from voting to not be a Casc anymore but nobody has ever done it & if a club did do it you would probably have to pay back what you might have been seen to gain, possibly a lot of money.
In our case the club owns 80 acres of land & has substantial assets built up over nearly a century, it was felt becoming a casc was a step too far.
One of the primary reasons clubs become Casc's is for funding, but as long as you have a proper dissolution clase in the constitution funding is available anyway.
The dissolution clause is far more important as it stops asset stripping, this actually happened to a club near here, they leased their land & clubhouse & after 40 years were given notice to quit. Because some far sighted members had realised this might happen in the future they had started a reserve fund to acquire new premises & this had grown to quite a big pot. Unfortunately the rules incorporated a mechanism where the longer you had been a member the bigger percentage of the pot went your way.
The officers & committee were offered another base but a group of older long time members pulled an egm to fold the club instead. So everyone got a pay out but a longstanding club died.
We put a dissolution clause to stop such a future scenario in a few years back & it sailed through, since then funding has been applied for from several places for different projects & gained.