Barratt Developments - Individual charity matching FAQs 2020

Barratt Individual Charity Matching FAQs

Individual Charity Matching 

What is individual charity matching?

To support colleagues in the fantastic work they do to raise money for charity each year, from 1 March 2020 Group will now match between £500 - £1,000 of fundraising (to the nearest pound) by each individual for one charity each year.

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Is there a limit to how much Group will match employees?

Group has set aside £1million to match employees’ fundraising each year from 2019.

Once £1million has been reached within any calendar year, i.e. 1,000 people raising £1,000 each, no more applications will be accepted.

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Who is entitled to individual matching?

All Barratt Developments PLC employees are entitled to between £500 - £1,000 individual matching per year. Fundraising total should be rounded up to the nearest pound.

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I am fundraising for several charities – can I spread my matching between them?

No – for individual charity matching, individuals may only choose one registered charity and Group will match up to £1,000 raised for that charity per year.

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Can we choose a local organisations that is not a registered charity?

No – for individual charity matching, the charity must be registered.

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What’s the best way to raise money to maximise the amount we can have matched?

We spoke to some of our divisions for ideas and tips on effective fundraising which is available to view on Our Place. Your chosen charity will also be able to give you some ideas and resources.

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If I raise more than £1,000 in a year, will Group match it?

Individuals are of course encouraged to raise as much money as possible, but the matching itself will only be between £500 - £1,000 in any one year.

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If I raise less than £500 in a year, will Group match it?

No, individuals will need to raise a minimum of £500 in order for their fundraising to be matched.

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How do I tell Group how much I’ve raised and claim the matching amount?

You should apply for the match-funding from your division who will pay the charity directly and then claim the money back from Group every six months alongside the Divisional Charity Matching. The forms for divisions to complete are available on Our Place: http://ourplace/Pages/Charitable-giving.aspx

Each division is responsible for ensuring each individual who applies has fundraised at least £500 and that the charity is a registered charity.

Assuming the division is happy that you are raising money for a registered charity and you have between £500 - £1,000 committed then you should register your planned match-funding with Employee Communications employee.communication@barrattplc.co.uk. You should include a link to your fundraising page or share evidence of your fundraising (such as a sponsorship form). They will confirm whether there are still funds available for individual charity matching and add the colleague to the individual matching tracker. 

How and when will the matching funds be paid from Group to the division?

Twice a year – at the end of June and end of December.

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How do I give the money to my chosen charity?

Your division should pay your nominated charity the matched fundraising directly.

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Can we combine Give as You Earn/Payroll Giving and the charity fundraising matching?

No – they are two separate initiatives, but all part of our charitable giving framework.

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Does my individual matching make up part of the divisional matching entitlement of up to £15,000?

No – individual matching is separate from the divisional matching so you can claim between £500 - £1,000 regardless of whether your division is claiming their £15,000.

Individual Charity Matching Worked example:  Site Manager, Jessica Smith, in BDW Exeter starts getting sponsorship to do the Great North Run in September for Great Ormond Street Hospital (GOSH).  She raises £1,500 through friends and family and applies to her divisional MD for match-funding.  The division verifies that GOSH is a registered charity and agrees to match the funding.  She registers her individual match funding by emailing Employee Communications employee.communication@barrattplc.co.uk who confirm there are funds remaining in the £1million pot for her matching to be made.

Her details are also added to the Individual Matching tracker which is reconciled with divisions submissions at the end of each year.  Jessica Smith completes the Great North Run.  In September she pays the £1,500 she has raised for GOSH to the charity.

The division pay £1,000 directly to GOSH.  In December the division, alongside the match-funding for the divisional charitable giving, apply to Phil Draper in Group Finance for the match funding to be paid back to them.