How correctly formalize charity donations and collections?

During the martial law period, Ukraine does not have any statutory requirements for accounting and reporting of charitable assistance.

• However, for your own protection, you should record the grounds for receiving significant fees/donations.

1. How to properly record charitable donations?

• If you have announced a charity collection, keep the following documents and evidence:
• A screenshot of the social media page where the collection was announced;
• Screenshot of correspondence with the person or representative of the organisation with whom you agreed to provide assistance;
• Documents on bank transfers through which assistance was received (receipts, payment orders, account statements, etc.).

2. Why is it important?

• Keeping such evidence may be necessary
• to confirm that the funds raised were used for the intended purpose;
• in case of an audit by government agencies or banks;
• to ensure transparency of activities to donors and benefactors.