First year accounts of trust


This query is : Resolved 

Quick Summary
When setting up a trust, cash received for its foundation should be recorded as a 'corpus donation'. It's important to note that this cash donation limit is £2,000 per individual donor. This ensures proper accounting for initial contributions.

03 June 2020 Amount received in cash for foundation of trust how to show in accounts or by which name

03 June 2020 Show it as corpus donation. Such donation in cash should not exceed 2000.

03 June 2020 Limit of 2000 is for single person.

03 June 2020 Yes..,..........................

03 June 2020 Thank you sir.

03 June 2020 You are welcome........


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