News1 min ago
Charity Law
Hi A close friends son ( age 10) has just been diagnosed with cancer. He is currently undergoing chemotherapy and radiotherapy. Things are tough financially for them and a group of us want to raise some money to send them on a great holiday after he finishes the treatment. We have the permission of the school where our children go to use the facilities free of charge and want to raise about �5000 in total. Does anyone know the legalities surrounding raising this amount of money? Do I need to register it as a charity, and if so how is the best way of doing this? Thanks in advance J x
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It can't be a charity as it will only benefit one individual - charities must be for 'the public benefit'. A good example is Madeleine McCann - that is why the fund is not a charity.
You need to be looking at a 'non-charitable trust fund' where the monies raised can be properly administered and accounted for.
You need to be looking at a 'non-charitable trust fund' where the monies raised can be properly administered and accounted for.
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