Re: Applications for Charity Status with Commission.

Ah! With you now.

You can make a gift aid claim if you are charitable, even if you are not a registered charity. Given that you are currently charitable, even if you are not registered, you can claim now.

A difficulty could occur if the Charity Commission asked for an amendment to your constitution before they would register with donations made before the change in constitution required. Even then that may not be the case, it would not be the first time that the Revenue have deemed something Charitable that the Commission wouldn't register (but not AIUI the other way round).

Best bet is to ask Bootle - the Revenue Charity Tax office

Oh Thanks a Ton!. I'll get on to them and ask them directly.

It's just whilst having donors and participants, even if it is relatively small scale at the moment, we are not quite sure how or what to do regarding the status etc..

There seems to be alot of info about once a charity is legally registered......but not much info about for activity during the three months waiting for the registration to come through.

Thanks Again for your advice.

Stephen

Come to Scotland. We have no busybody Charity Commission. You register with the FICO bit of the IR, and that's it.

In your dreams.

Also, if you're in an open-all-hours supermarket you can't buy booze after 2200, or before ?1230 on a Sunday.

No way. Gretna is booked solid with huge waiting lists. But clergymen can marry you anywhere, whereas registrars can only do it in their offices.

Not for everything, just for the things that count.

Stephen Remarked:

Perhaps I should say, "relaxed all day drinking laws".

Did you see this? Do you think this is going to happen?

This is the first time I had heard of this anywhere.....I have never yet heard of anybody forecasting a crash! But I have not read the economist this last few months..

No. Quite possibly.

You haven't read uk.finance for very long, have you? If you think

25% is gloomy, you ain't seen nothin' yet. One of our regulars, also an Edinburgh-dweller as it happens, likes to remind us that falls of 90% are not without precedent, both recently and locally (just not both together).

If prices were to drop by 25% or 50% tomorrow, it would only wind the clock back two or five years. Hardly spectacular compared to the stockmarket.

If a 25% or 50% drop thus seems unspectacular, yet if we feel that something spectacular is on the cards, does this not make a 75% or 90% drop seem less unthinkable?

Yes I have...but I am frank and honest, I don't swagger around pretending I'm a know it all, I ask and seek advice from those who know..and I really have not come across....any of those serious predictions....absolutely there was nothing in the economist last year at all.

I have read every single economist issue last year except the last two...and I regularly watch the business news, and read the general business chit chat in the daily press...

I have not seen anything, this is the first time..right on the finance forum..

I'm quite shocked! To be honest..I'm quite shocked.

When? Has there ever been a drop of 90% in the average value of UK property in the entire history of the last one hundred years? If that i s the case Ronald, I am the first to put my hand up and say I have never heard of that before in my entire life! Even in the depression I never heard that property prices dropped by 90% and even I was not alive during the depression.

So what would be the knock on effect of that? Could it not be catastrophic?

Hardly spectacular compared to the stockmarket.

We are still not having the most expensive houses in Europe..by far...

It does it does, although spectacular is a word I would use to describe "fireworks" or a "colourful festive gathering with gaity and laughter".

This happening is what I would call a traumatic and devastating situation.

yet if we feel that something spectacular is on the cards, does this not make a 75%

I am not following your logic Ronald....

Are you saying that because we can suggest something is spectacular/traumatic is on the cards.....does it mean that a drop of 75% or

90% seem less impossible, or more likely......

My answer: It does'nt make it any less likely....or any more likely.....

Just by imaginging a bad thing, does not mean that a worse thing is more likely does it?

I think Mike said it was circa 1911. That's the local example, and the recent example was of course Japan.

What knock on effect? If it's a one-off drop, it'd just be a minor hiccup, soon forgotten, like Black Wednesday (or was it Friday?)

"Spectacular" need not have a good/bad connotation, it can simply mean markworthy.

Hardly surprising. Have a banana.

Aye.

Indeed not.

What I'm saying is that if you think the bad thing is so bad that you think it can't happen, but if I show you that it isn't really either all that bad or that unlikely, then it means that not only is the bad thing more likely than you thought it was, but it also means that the even unlikelier worse thing is less unlikely that you thought.

That doesn't make it any likelier to happen, it just changes your perspective, it makes you more aware that you misjudged the likelihood. It shatters your optimism.

I definitely do not think there will be a massive decrease in house prices, but the problem is that this is not my area of expertise, I know this, so it is only foolish to be so supremely confident in my own opinion, when what am I basing it on? When super experts differ, I have common sense and logical analysis, but ultimately......the nature of the real world wide economy is such a complex and the relationships that are interwoven are not even totally controllable by the UK Government, and so I know enough to know I certainly have not got anything more than common sense and knowing the popular opinions...to fall back on.....

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In article , Stephen writes

That's right, if you don't drink all day you get arrested and attached to an ethanol drip.

The 1990s are fairly recent, wouldn't you say?

Can you direct us to some figures?

You don't think the colloquial meaning would allow a nuclear mushroom to be described as spectacular, or, for that matter, an airplane crashing into a building?

Something like that. If we realise that something previously thought unlikely (a 25% drop) is now thought more likely, then clearly a worse scenario previously thought exceedingly unlikely (a 75% drop) becomes a less remote possibility. There is a pre-existing spectrum of possibilities, and all that's happening is a shift of expectation of where on that spectrum the peak of the probability distribution will be.

Because expecting that things will get worse actually causes them to get worse?

Well I dare say there will be a "correction", but how spectacular remains to be seen. If there is going to be a massive drop, it will obviously be most massive in areas where the prices have risen most "perversely". And if it *is* going to be massive, I guess it'll not happen overnight. I don't think too many people would consider an inflation change from +25% to 0% in one year, and to

-25% the next as beyond the realms of possibility (I was going to say they wouldn't even bat an eyelid, but thought better of it).

But if it stays at -25% for a while, the worry wrinkles are going to get more prominent.

Would it be overtaxing your arithmetical prowess to expect you to work out how many consecutive 25% drops add up to a 90% drop?

Does that mean you do think there will be a decrease, but that it won't be massive? Define "massive".

How deeply Socratic. "I know that I know nothing".

It might well be true, but it's likely to be misleading. People usually rent in Germany, purchases are mainly by fairly rich people buying outright, so sale prices probably are high but aren't representative.

Absolutely not, it is an "american colloquial use of the term" the way someone would say "awesome" about the bombing campaign...

spectacular brings to mind, something that has connotations of "wonderful" or something to remember, but due to a wonderful display..

In common use you might say. "ronald went to the theatre where he saw a "spectacular" display of acting from the Glasgow Swan Lake Acting Company.

You would'nt say. "wow" there was a spectactular crash on the highway, two people died!...the average person would say. something that denoted the awfulness of the situation.

There was an "horrific" crash today on the highway.

There was a "shocking"

There was a "terrible" etc.etc.

I do see what you mean, but, ok ronald, if it happens, my main concern is of course what happens to the rest of the country, will we slide into super huge recession?

There is a pre-existing spectrum of> possibilities, and all that's happening is a shift of expectation of

So what do you think is goign to happen in the next twelve months...and why have their not been any knowledgable bods being interviewed on then telly about this.....I watch my "asian news" and learn about news all over teh world...I read the news on the net, financial news, and speak front he point of view of an averagely well informed person, why have I not heard this anywhere but just yesterday!

I am assuming I'm talking to people who are financial whizzes, and who are in the know, and most people who are regulars here have some kind of involvement in property, finance, etc.etc...as you know........

YESSSS thats what worries me.......it is like collapse of RATNAS after the twit went on television to say how awful his jewlewry was..do you remember that???

And what effect a few choice words like from Edwina Curry, and a host of other examples....it is the "fear factor"...the "perception factor"...

Now the conversation (interesting as allways) is getting onto ground I can talk about with confidence.

So that would mean a 25% correction over a two year period.....yes that "feels" right......

This begs the rather serious question, about what to do know..and what will the outcome be for the rest of the UK economy?

(Roars with laughter) Well, let me see, as a marketing man, I have to have prowess in my arithmetical ability so as to know how to count all my money that I undoubtebly will earn. So you are talking about three years..and a half years...that would never happen.....as there too many people with money, the supply will outstrip demand, thereby forcing property prices upwards.

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(roars with hearty laughter).....yess thats the mental image I had of scotland., lots of laughing, lots of drinking..

Sigh. Look it up in a dictionary.

I don't know. Recession is just negative inflation, and I suppose if there's no reason why house price inflation when positive should be the same as inflation in the price of cars, computers, or eggs, then there is no reason why it should be the same when negative, or why some can be negative and some positive.

More of the same, putting off the evil hour. :-)

Nobody wants to be pinned down, they all say their crystal balls are away being polished.

Actually that's 25% over *one* year, the third, correcting the rise in year 1, and then some. It's roughly a 6% correction over the three year period.

Serious for you, yes. The outcome will be more out of work salesmen.

There you go. I knew it. The only things you can count are chickens before they've hatched. The answer is eight.

Well I am just talking about the common use of the word. Again it is subjective..so my point which is subjective and dependant upon whoever has his or her different opinion opinion so its impossible to agree upon that...so I respectfully agree to disagree.

I'm wise enough not to fall into that chicken counting fools gold routine.....

But I'm also wise enough to know that for every ten solid ideas. only one will produce solid profits.....and out of many good and solid businesses, many will go bust....within some five to six years.

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