On 5 September 2002 the National Postgraduate Committee was granted recognition as a Scottish Charity by the Inland Revenue. The NPC has been pursuing charitable status since 1993, so this is a significant development in our history.
To achieve charitable status, the NPC had to significantly revise its Constitution; these changes were successfully made at this year's NPC Annual General Meeting in St Andrews.
The most obvious benefit to the NPC of becoming a charity is, of course, that we will no longer pay any corporation or capital gains tax. It also means that people may donate to the NPC under the Gift Aid scheme in such a way that both they and the NPC can reclaim tax on the donation.
Most importantly, however, becoming a charity means the NPC is legally committed to spending its funds exclusively on charitable issues (loosely this means on matters which affect students as students). Students' unions and associations thinking of affiliating to the NPC now have a guarantee that their money would be not be spent on concerns which, were they to pursue them themselves, would be ultra vires.
Becoming a charity also obliges the NPC to be open about its finances - any member of the public may ask to inspect our accounts in future.
For more information on the implications of the NPC achieving recognition as a Scottish Charity, contact the General Secretary on email@example.com.