The PSA has applied for charitable status and is hoping it will be granted in a few months’ time. This change will considerably expand the types of fundraising that it will be able to undertake and the range of benefits it can receive. For example, it will be able to claim the tax back on many of the donations it receives via Gift Aid – that is worth an extra 28p for every £1 donated, at no extra cost to the donor. We will also be able to apply for a wider range of grants and add new ways of giving such as earning income from donated mobile phones and printer cartridges sent for recycling.
We’ll let you know when we get confirmation.
