During the pandemic, when there are natural disasters or in times of acute need, charities and their members often wish to help those abroad in other countries by raising funds for specific causes, such as disaster relief, or money for medical equipment or other necessities. This is of course a worthwhile cause.
If your charity is planning on doing this or currently engaging in sending funds abroad, there are certain things you can put in place to ensure that the money is transferred as safely as possible. The Charity Commission has prepared a guide on transferring money abroad, which sets out some basic principles that charity trustees should bear in mind. They are also running a free webinar on this topic so you can get up to speed on good practice.
Resources and support:
- Charity Commission Guidance: holding, receiving and moving funds safely
- Charity Commission free webinar on 29 September, 12noon – 1pm
- If you would like any help with understanding the guidance or have any specific questions, contact Herjeet Randhawa, RVA Advice Manager on herjeet.randhawa@rva.org.uk or call us on 0118 937 2273 for free confidential advice.