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Conditions of acceptance - CAF Charity Account

Gift Aid accounts

1. In opening a CAF Charity Account the donated funds are given to CAF in their entirety. The CAF Trustees will distribute these funds among such charities as the donor shall from time to time direct or where ongoing direction ceases as the Trustees shall in their absolute discretion determine.

2. The Trustees shall be entitled to refuse to distribute funds to any institution which does not make its accounts available for inspection by the public.

3. The donor acknowledges that the Trustees do not take any responsibility for the suitability of any particular recipient.

4. The Trustees reserve the right to recover from the donor sums of money which they are required to repay to the Inland Revenue for any reason including infringements of the ‘benefit rules’ which apply to Gift Aid. Information on the benefit rules is available from CAF or from the Inland Revenue.

5. The Trustees have the same power of investment in respect of donated funds as they have in respect of Foundation’s other property under the terms of its Trust Deed, and the resulting income and gains shall be income and gains of the Foundation.

6. Pending distribution in accordance with a direction, the Trustees may apply donated funds for charitable purposes by investing them in such a manner as they shall think fit. Such investment may include the provision of loans on beneficial terms to other charities provided that not more than 10% of donated funds at any one time may be so invested.

7. If the investment of funds for the purpose of loans should result in losses which in the final instance cannot be met from the reserves set aside by the Trustees for that purpose, funds held awaiting distribution will be reduced on a pro-rata basis.

8. CAF will make deductions from your account for the cost of running your account as a donation to CAF and to CAF's founder, the National Council for Voluntary Organisations (NCVO):

• CAF will deduct a contribution from your account, consisting of:
  i. a VAT inclusive fee which covers the cost of administering your account; and
  ii. a donation to support CAF's charitable mission
• CAF will make a deduction to support the work of its founder, the NVCO
• the deductions are based on the value of the payments you make into your account plus the tax rebates between 1 May and 30 April each year and are as follows:

9. The Trustees shall be entitled to revise the above conditions of acceptance on giving three months’ notice.

Give As You Earn accounts

10. The level of contribution for payments to Give As You Earn accounts is the same as Gift Aid accounts, except where an employer has agreed to meet the costs.