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I am the treasurer of a registered charity, The Favourite Trust, whose sole purpose is to restore and maintain a 19th century Whitstable oyster yawl. The vessel is displayed, free, to the public near the coast in Island Wall, Whitstable. It is no longer seaworthy and the trust does not intend to move or re-float her. It is not listed as a building but is listed in the National Register of Historic Vessels.
Beyond voluntary donations and the occasional sale of items such as T-shirts, the trust receives no grants or other income.
I am the treasurer of a registered charity, The Favourite Trust, whose sole purpose is to restore and maintain a 19th century Whitstable oyster yawl. The vessel is displayed, free, to the public near the coast in Island Wall, Whitstable. It is no longer seaworthy and the trust does not intend to move or re-float her. It is not listed as a building but is listed in the National Register of Historic Vessels.
Beyond voluntary donations and the occasional sale of items such as T-shirts, the trust receives no grants or other income.
There will be considerable costs in renovating the boat which, I am told, will be standard rated for value added tax purposes. Grant money may be available, but the trust will be required to contribute a percentage as match-funding. VAT charges on the repairs increases the trust's costs and fund raising needs by 17.5 per cent.
Could readers please help with suggestions as to how the renovation costs could be incurred without standard rated VAT or, alternatively, some way in which the trustees could recover the VAT charges?
(Query T15,873) – P.K.S.
