Charities hold on to vital cash

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AN accountancy firm claims good causes are benefiting from a decision to withdraw changes to charitable giving.

Tax relief available for donating money to fundraisers was capped during the last budget, leading to charities keeping more of their money.

Peter Neill, partner at Jones Harris Chartered Accountants in Fleetwood, said: “Gift Aid is a popular way for charities to increase the value of the donations which they receive, and simultaneously gives the donor added satisfaction. Charities can recover the basic rate tax which is deemed to have been paid by the donor.”

Val Bradford, manager at the Cancer Research shop in Cleveleys, said: “In just five years, Gift Aid is worth £18m to Cancer Research, and as we aren’t a publicly funded charity it’s vital money.”