> On 24 Aug 2019, at 15:41, Mike or Penny Novack <stepbystepf...@comcast.net> > wrote: > > On 8/23/2019 10:59 AM, Wm via gnucash-user wrote: >> >>> For example, the price of the meals at meetings is rounded up to the >>> nearest pound, and the remainder is earmarked for “Charity Choice”. Not all >>> members attend every meeting, and some members skip the meal and make a >>> token payment to Charity Choice. There are several such income headings to >>> deal with. >> >> Sounds like crap to me. >> >> Think about this: I went to dinner with my mates, said it cost more than it >> did and said the difference was for charity. Would you believe me? >> >>> The difficulty is that it must be possible to document each individual >>> member’s contributions over the year in order to make a Gift Aid claim to >>> Her Majesty’s Revenue and Customs (HMRC), which tops up the members’ >>> contributions by 25%. >> >> OK, it sounds to me like you're being asked to cheat HMRC. Are you prepared >> to do that? > > You know all that much, both about the charitable components (tax deductible, > need to be reported separately) of organizations that while non-profit (tax > exempt) are not "deductible" << for example, a "fraternal" society -- what > this is >> and specifically what is required in the UK? > > What was asked for here seemed perfectly above board to me. Besides being > treasurer of 501(c)3's I also belong to organizations that are not deductible > BUT do sometimes make charitable donations. In some cases, that is a lot of > what these organizations do beyond their social functions << Lions, Shriners, > etc. >> I do not know how they report even here in the US let alone in the > UK.
Thanks, Mike. The club itself keeps its own financial records for running expenses etc. Any income arising from charitable activities is passed to a trust which is registered as a charity with OSCR (the relevant regulatory authority in Scotland). Any donation to this charity from a member (or indeed from any member of the public) is eligible for Gift Aid. The treasurer for the last five years is a retired banker, and his accounts were all certified by a chartered account before being passed on to OSCR so I think the principles have been established. What I am trying to do is find the best way of using GC to record and report the necessary information. My predecessor has passed on unpopulated spreadsheets for this club year, and I plan to run both methods until I can decide which is better. Regards, Michael _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
