New Forest

31/10/2019

Gift Policy

With many charities under financial pressure it can be tempting to accept funds without sufficient consideration of the source of those funds. Such an approach can backfire when it later comes to light that such funds have been raised in a manner incompatible with charitable giving, with the potential for considerable reputational damage.

For charities that are reliant on donations to support their charitable giving, including legacies, we recommend that they put in place a gift acceptance policy that provides clarity over the circumstances when donations will be refused, rejected or returned to the donor.

Such a policy would include:

  • the principles that should guide the charity’s decision making process when deciding whether to accept a donation or not
  • what due diligence steps the charity will take to verify the source of any donation
  • the requirement to keep written records of the decisions reached
  • the media response to be followed ensuring that the charity’s decision making processes are presented positively if called into question

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Many partners & the self-employed may have spent a few days a month working from home before the current crisis, but now almost everybody is working from home. There are a few small tax breaks for this, where you can claim tax relief on work related expenditure incurred.

SELF-EMPLOYED INCOME SUPPORT GRANTS
The amount of the grant is 80% of average profits for 3 years to 5 April 2019. The grant is capped at £2,500 a month for the initial 3 month period. This scheme has been extended for 3 months from 1 June but reduced to 70%, capped to £6750.

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