Skiers Trust Bespoke Funds

The Trust has for some time now made special arrangements for families to create their own bespoke fund. This arrangement means that parents can find donors who wish to sponsor their children in pursuit of excellence within the sport, thereby taking advantage of the Trust's charitable status. The Trust now has over 200 bespoke funds and expects every competitor to have a fund in the near future. All donations put in to a bespoke fund can benefit from the Skiers Trust and the Trust can claim back the tax. Companies donating to a bespoke fund don't pay tax on their donation. The young athlete can claim from their bespoke fund money against equipment, training, travel and education costs etc.

There are three criteria which need to be fulfilled in order for beneficiaries
to be eligible:

  • beneficiaries must be in some form of education
  • to enable the Skiers Trust to reclaim tax paid on the donation from the Inland Revenue all donors need to sign a Gift Aid Declaration
  • each Bespoke Fund contributes a 7% levy to the Skiers Trust general fund to cover administration (although most of this is done on a voluntary basis) and more importantly to assist us in making further grants to less fortunate beneficiaries. This levy is applied to all donations received and to all tax recovered.

The bespoke fund must be opened by the parents or guardian of the beneficiary who signs the bespoke fund declaration and the membership application form which must be sent to the registered offices of the Trust. Membership application forms are available from the Trust on request.

Just click on the 'DOWNLOAD NOW' button below to download the Bespoke Fund application form, then print out and complete the form and post it to us. We look forward to welcoming you.

Bespoke Funds Application Form

+44 (0)1892 861080

trust@winter-sports.co.uk

What can be claimed from the bespoke fund on behalf of a child

Equipment, Training Fees, Fitness Coaching, Travel Expenses, Accommodation, FIS Licences.

No parent can benefit directly from their child's Bespoke Trust Fund.

Tax Reclaim

Please note that the Skiers Trust cannot reclaim tax from the Inland Revenue if the donor is a relative of the beneficiary concerned. Relative means a brother, sister, ancestor or lineal descendant; or if the donor is a company or partnership. Where companies make donations on behalf of a beneficiary they do not pay tax on the donations. It still remains far easier and more acceptable for companies to make sponsorship through charitable means.  Shareholders accept charitable giving more readily than direct sponsorship and therefore it requires less effort from the company to justify the donation.