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Oxford: 01865 950972 

Marlow: 01628 951283

Case Studies: Charities

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Read about various scenarios where we have helped our clients.

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    One of our ultra-high net worth non-domiciled clients, who was a long-term UK resident and had recently retired from his full-time employment, came to us with the wish to set up a charity to help meet his philanthropic aims.

    He wanted to have a new focus for his spare time and, more importantly, provide some charitable assistance to the areas that mattered to him and his family.
    How we helped
    As a starting point, we made sure we had all the facts regarding his personal taxation position, including the location of his assets, and that we had details of the proposed sums that he wanted to donate.
    We advised the client on which charitable options were available to his particular circumstances and explained the various aspects of a charity and what he would need to consider. This included the choice of trustees, the objects of the charity, the choice of investment advisers and details of the ongoing compliance that would be required and how this would need to be managed.  
    One of the interesting areas we needed to consider was how the client could add his personal funds to the charity in the most tax-efficient manner and also claim the GiftAid on these amounts. This included seeing how the client could use some of his non-UK assets to fund the charity.
    The outcome
    Our client set up the appropriate UK registered charitable structure and has been able to add significant funds to it and claim the relevant tax relief for the charity. 
    The charity has a mixture of trustees, being both family and a professional adviser, which has given the client a perfect mix of skills and aptitude to take forward. By the second year, after becoming registered, the charity had established good links with its chosen charities and had donated close to £250,000 to worthwhile causes.
    We are continuing to advise on the ongoing administration of the trust, when required to do so, and are working on various charitable policies and handling the annual accounts and Charity Commission returns.
    Written: July 2020

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