One of my clients received an unexpected payment of £3,000 into their business bank account last March (2022) which they presumed was some kind of Covid support grant and didn't question at the time.
The reference on the bank statement is 'Family Fund Tradin'
My client has no idea where this payment has come from and is struggling to find any information that might help to explain the origin of this money.
Anyone got any ideas what this might be ??
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Family Fund Trading, now re-named Family Fund Business Services, provides the UK’s leading business-to-business fulfilment service; helping our customers access thousands of products and services in one place, sharing our discounts and supporting you to extend your reach.
Our business is fundamentally underpinned by the grant making expertise of our parent charity, so we are aligning our brands, building on our values and helping raise the profile of our group and the services we provide to families raising disabled or seriously ill children.
Does your client have any disabled or seriously ill children perhaps? None of my business, but that would appear to be the requirement to be eligible for grants, along with low income.
Family Fund Trading, now re-named Family Fund Business Services, provides the UK’s leading business-to-business fulfilment service; helping our customers access thousands of products and services in one place, sharing our discounts and supporting you to extend your reach.
Our business is fundamentally underpinned by the grant making expertise of our parent charity, so we are aligning our brands, building on our values and helping raise the profile of our group and the services we provide to families raising disabled or seriously ill children.
Your customers ? Maybe you're in a great position to help identify the money.
Google 'Family Fund Tradin'
Your client can phone them. Plus repay them obviously if its wrong.
Leaves a bad taste that they didnt bother back in March.
Maybe now that client knows that this is grant money from a charity intended to support families raising disabled, or seriously ill, children who are living on a low income ... a bit of pro-active effort could be put into resolving the situation?
A first port of call - according to https://www.familyfund.org.uk/pages/faqs/category/family-fund-helpline - would seem to be to call the charity.
Posters above found where it was from in a matter of seconds from a Google search. Methinks your client doth protest too much and knew very well it wasn't a grant
Occam's Razor would suggest that it's more likely this is a grant your client actively claimed rather than a banking error and is now playing dumb.
I had exactly the same thing with a client but I think for £2k
She couldn't remember applying for it but got plenty of Council covid support as her hairdressers salon couldnt open.
I swithered over whether to put it on her tax return but decided not to.
She has kids but none are disabled as far as I know.
I don't see her as the sort who would make a false claim to a charity.
I believe a large town's Borough Council in Gloucestershire were paying out grants without them being claimed. I put them on two clients' returns.
Actually I'm now more confused than before ...
1. There's no obvious connection between "Family Fund Trading" and the "Scottish Government ‘Close Contact Services Fund’ grant" ... so why would the latter reference a payment as being from the former?
2. According to https://www.gov.scot/publications/coronavirus-covid-19-mobile-and-home-b... ... the grant at various stages was either £4k or £2k (not £3k)?
3. You previously mentioned "retail premises" whereas this grant specifically says it is for "for owners and operators of mobile and home-based close contact service businesses (and for registered driving instructors) in Scotland".
Are you happy that your client has now found the relevant supporting paperwork?
Thats really helpful Halders, thanks for your diligence.
You rise above the snipey nit-pickers on this board like a beacon of something or other.