The Children of Sikkim is a UK registered charity. Our sponsors and donors are mainly from Europe, UK and North America. Our support is particularly concentrated in the UK, where we are able to recover UK tax paid on the amount of a contribution. Our activities however are entirely in India, where we pay for the education of disadvantaged children from Sikkim, and give grants to support them living away from home.
The trustees have been considering how we might try to add to our income, and have noted how India is the first country in the world to make corporate social responsibility (CSR) mandatory, following an amendment to the Companies Act, 2013 in April 2014. Businesses can invest their profits in areas such as education, poverty, gender equality, and hunger as part of any CSR compliance.
The thresholds for mandatory compliance are quite high. Companies have to exceed a certain market value, turnover or profit. However the existence of the legal framework has made CSR more of a concern within the business community, extending to small and medium size enterprises. We are hoping that we can find a few companies with an interest in Sikkim who are willing to become corporate sponsors or make a donation.
So that Indian companies can benefit from tax deduction, we have partnered with Sri Kamakshi Seva Samithi (Registered Trust) in Mumbai, who will disburse funds received by them on our behalf. Donations also qualify as CSR contributions. More details are available on our 2021 Appeal Leaflet.