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An Introduction To Gift Aid

An Introduction To Gift Aid

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An Introduction To Gift Aid

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  1. Increasing Your Church Income An Introduction To Gift Aid

  2. Giving by Gift Aid is a simple, yet hugely effective way of giving It increases your giving by 25%

  3. The impact of Gift Aid £2,500 £2,000 £1,250 £1,000 £125 £100 £3,000 £2,500 £2,000 £1,500 £1,000 £500 £0 Example 1 Example 2 Example 3 Normal Giving Gift Aided Giving

  4. Elim Pentecostal Church Advantages Your giving increases significantly – at no extra cost to you Tax is reclaimable on all Gift Aided donations – with no minimum amount Declarations can apply to future donations indefinitely, but can be cancelled immediately should your circumstances change – with no minimum period of commitment One Gift Aid Declaration can be used to reclaim tax on any donation e.g. for a special appeal, as well as your valued regular giving – no need for separate forms

  5. How are we able to recover tax? As a charity, Elim Foursquare Gospel Alliance (EFGA) is exempt from income tax on its income Individual UK tax payers make donations to the charity EFGA recovers the basic rate tax on these donations At current rates of tax, even starting rate tax payers can safely donate up to £4 for every £1 tax paid Every £10 donated through Gift Aid is worth £12.50 to the Church

  6. £70,000 £65,000 £60,000 £13,000 £6,500 £55,000 £50,000 £52,000 £52,000 £52,000 £45,000 £40,000 0% 50% 100% Giving Gift Aid The Effects of Gift Aid • This chart shows the effects of Gift Aid at a church with 100 people. Average giving per person is £10 a week • This chart shows the effects of Gift Aid at a 100 people Church. Average giving per person is £10 a week • If 50% gave by Gift Aid,an additional £6,500 is recovered • If 100% give by Gift Aid, over £13,000 could be reclaimed • Not all donors are likely to be UK tax payers. However, you can visualise the effects of Gift Aid giving. • If 50% gave by Gift Aid,an additional £6,500 is recovered • If 100% give by Gift Aid, over £13,000 could be reclaimed • Not all donors are likely to be UK tax payers. However, you can visualise the effects of Gift Aid giving

  7. The Benefits of Gift Aid Additional members of the Ministry Team? Evangelistic Outreaches? New Minibus? New Sound System/Musical Instruments? Structural Improvements/Building Extensions? Improved Facilities? Interior Renovations? And so many more possibilities… In our example, the Church would have achieved a significantly higher income by its members utilising the Gift Aid Declaration Scheme. Every Church has its priorities, but think of what could be achieved:

  8. Gift Aid Form Standing Order Finance Officer For payments direct from your bank account, a Standing Order form is included for your convenience Complete an Elim Gift Aid Declaration form Return the completed form to your Finance Officer Three Steps If you are a UK tax payer then Gift Aid is for you

  9. Giving by Gift Aid is a simple, yet hugely effective way of giving

  10. Thank You !