Support for flood affected businesses

The Community Foundation for Calderdale are now able to offer grant aid to assist businesses across Calderdale who were affected by flooding.

We have partnered with Business for Calderdale a local not-for-profit organisation whose Committee is made up of respected business professionals from the Calderdale area to support local businesses. The aim of the organisation is to offer  opportunity’s to businesses to convene, inform, network and influence.

Support available

Calderdale Rising (now closed)

Calderdale Rising was a Crowdfunding project, Crowdfunding initiatives are different from traditional charity donations as they allow people to not only donate, but also to buy rewards. The project was kick started with a donation of £100,000 from the Community Foundation For Calderdale, and has supported 103 businesses in Calderdale.
If you are one of the 103 businesses that took part in the crowd funding and now wish to claim your grant* please complete the online form. (Please state Calderdale Rising on the form)

*Each business is responsible for ensuring the correct treatment of these grants in their business accounts and should take their own advice in relation to its treatment from both an accounting and taxation point of view. However, as a general rule grants for capital expenditure are not treated as taxable income, whereas  grants for revenue expenditure are treated as taxable income.

Grants for capital items however, will require the business to reduce their qualifying expenditure for capital allowance purposes.

The grant should be recognised in your accounts as follows:

–        If the expenditure to which the grant relates has already been incurred, then the grant should be recognised in full on receipt

–        If the expenditure has not yet been incurred, then the grant should only be recognised when the related costs are incurred

–        If the grant is for capital expenditure then it should be recognised on a systematic basis over the useful economic life of the asset (usually matched to depreciation charge)

The effect of each of these treatments is that the income received and recognised and the associated expenditure are matched to show a net effect of the profit and loss account of £Nil.

APPLY

 

Businesses who took part in mini appeals

If you have taken part in a business mini appeal and would now like to claim your grant* please apply below.

*Each business is responsible for ensuring the correct treatment of these grants in their business accounts and should take their own advice in relation to its treatment from both an accounting and taxation point of view. However, as a general rule grants for capital expenditure are not treated as taxable income, whereas  grants for revenue expenditure are treated as taxable income.

Grants for capital items however, will require the business to reduce their qualifying expenditure for capital allowance purposes.

The grant should be recognised in your accounts as follows:

–        If the expenditure to which the grant relates has already been incurred, then the grant should be recognised in full on receipt

–        If the expenditure has not yet been incurred, then the grant should only be recognised when the related costs are incurred

–        If the grant is for capital expenditure then it should be recognised on a systematic basis over the useful economic life of the asset (usually matched to depreciation charge)

The effect of each of these treatments is that the income received and recognised and the associated expenditure are matched to show a net effect of the profit and loss account of £Nil.

APPLY

Further support will also be available details to follow shortly. 

Calderdale Rising
The White Swan
The Banyan Tree Hebden
The Golden Lion