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It is important that you consider your legal compliance when fundraising, especially when taking donations from the public. Follow the two links below to ensure that you are fully informed.
Remember:
“you and the fundraising materials you use must not mislead anyone, or be likely to mislead anyone, either by leaving out information or by being inaccurate or ambiguous or by exaggerating details.”
So, give consideration to how you communicate your fundraising ask and what you will do with funds raised if you cannot complete the activity (for example, don’t raise enough funds for a project).
Code of Fundraising Practice - Fundraising Regulator Fundraising Legally Guidance - Charity Commission