1.1. This policy and procedure framework for the acceptance and management of donationsto the Astrea Academy Trust has been drawn up to be consistent with the requirements laid out in the Academies Financial Handbook.
1.2. The Trust shall have due regard to the provisions of the Code of Fundraising Practice, published by the Fundraising Regulator.
1.3. Trustees, being accountable for the charitable objects of the Trust, shall pay due regard to the guidance of the Charity Commission (“Charity fundraising: a guide to trustee duties”, Nov 2016, as updated from time to time).
1.4. Donations may be in the form of cash, goods orservices. They may be given with or without conditions.
1.5. “Donation” means a contribution that is voluntarily transferred by one person to another without compensation or benefit flowing from the giver to the receiver. Generally, donations are irrevocable and, beyond a possible designation of use, the donor does not impose contractual requirements or subsequent reports as a condition of the donation. The term donation in this policy includes sponsorship.