Asking in a new thread as my response to a previous thread didn’t get a response…
Question: Given that the OSMF is a UK Limited Company (By Guarantee) and only Registered Charities can receive tax-free donations, have the Board sought the advice of a qualified accountant on how to make this tax efficient?
You can spend the donations within the financial year of receiving them, or you can do some accounting and defer the ‘income’ until the following year.
Just asking…
