Great to see local football in the papers, but Kris Dando should do his research before printing what he is told.
Ole Academy Incorporated is not a Charitable Trust, it is an Incorporated Society (like any other football club). It may have tax-exempt status, but that doesn't make it a charity.
To explain the difference - Charitable Trusts are organisations where a group of people (a Board) hold assets for the benefits of another group of people, usually defined by a "charitable purpose". The Board has no discretion to spend money or do things except for the benefit of those other people who fall within the Trust's aims.
An obvious example (see below) is the Life Flight Trust. It's charitbale purpose is to "provide an emergency air search, rescue and ambulance service to serve particularly persons within a 100 miles radius of Wellington city..."
There is also a lot more rigour around who can be on the Board of a Charitable Trust and there are significantly more rules to comply with.
An Incorporated Society on the other hand is a legal entity that allows a group of people with a common interest to form a corporate body for THEIR OWN benefit.
Incorporated Socieities (as the name implies if you think about it) exist for the benefit not of the community but of THEIR MEMBERS.
Most football clubs are Incorporated Societies. You become a member by paying your subs and you elect a bunch of members to run things (the Executive or whatever). Anyone can be on the Executive of an Incorporated Society and Socieities can pretty much do whatever they like as long as they submit financial returns every year to the Registrar of Incorporated Societies.
Anyway, that's today's legal lesson children. I hope Kris Dando is reading.
Incredible stamina. No shame. Yellow Fever.