Showing posts with label gift aid. Show all posts
Showing posts with label gift aid. Show all posts

Friday, November 16, 2012

Congratulations to our Newmarket shop team!


Congratulations to our Newmarket shop team for achieving a fantastic 40% of gift aid sales in October. This represents a lot of hard work behind the scenes as gift aid tax relief can only be claimed if there is a paper trail from donated items to the funds they raise.

This means that our sales team must ensure each donated item is labelled with a bar code sticker matching the sticker placed on the gift aid form completed by the donor. When an item is sold this bar code is scanned at the till and the sale amount credited to the donor number. The till uploads sales details overnight and the computer system keeps a running total of the amount raised by each donor. Periodically I print and mail out the "donor letters" thanking donors and letting them know how much they have raised by their generosity. Once donors have been notified we are able to put in a claim to HMRC for the tax equivalent of the funds raised; meaning that we reclaim 25p for every pound of sales. 

That means an extra £500 raised by Newmarket in October—enough to cover the cost of neutering fifteen cats, chipping 70 dogs or providing 150 low-cost consultations at our animal clinic.

Shops, and the volunteers who keep them running, are the life-blood of the branch because they are our only source of regular income which can be increased by working harder.

We need more volunteers to help keep them in action. If you might be able to help, please drop in for a chat or email info@rspca-cambridge.org.uk We also need donations of saleable items and volunteers to help collect donations from people who aren't able to bring them in to the shops.

Sunday, January 8, 2012

Gift Aid: Thank You Everyone!

Our Newmarket shop achieved a fantastic 40% gift-aided sales in December, meaning that we will be able to claim around £500 from HMRC. Total gift aided sales for all three shops were nearly £4,000 meaning that we are very close to achieving our initial target of raising an extra £1,000 income for the branch each month through gift aid.

Thank you to everyone who completed a form, and thank you to the staff and volunteers for putting in all the extra work involved in stickering and tagging sales items. It really is starting to pay off and help us towards our goal of maintaining as much of our animal welfare services as we possibly can.

Thursday, September 1, 2011

Gift aid starting to pan out

After some initial teething trouble, I think we've now basically got the hang of running the gift aid system in our charity shops, and the first actual funds should appear in our bank account 6-8 weeks from now.

If you donate any items for sale and you are a UK income tax payer, please do complete a gift aid form, as it means an extra 28 pence for every pound raised when your donation is sold at no extra cost to you.

The process works on a bar code system. We take a sheet of bar code labels, all labels on a sheet having the same unique number. One label is stuck on your form and the others go on the price tags we put on your donations. When a donated item is sold, we scan the price tag at the till and the amount and donor number are recorded. During the night the till "phones home" and uploads details of everything scanned that day.

Once a reasonable sum has been recorded against your donor number, we print out and send you a letter telling you how much has been raised, and checking that you still wish to donate it to the branch. 24 days later (to give you a chance to demand your money!) we can put in a claim to HMRC for an amount equivalent to the tax you paid on that amount of income.

The need for the letters seems quite wasteful, but unfortunately they are a legal requirement if we want to operate the system, and there is a facility to avoid printing any which would cost more to post than the amount we would gain if we put in a claim.

It all sounds very complicated, but the degree of automation means it's actually harder to explain, than to do. Once the system has been running for a reasonable length of time, it should generate a steady amount of additional income as the gift aid forms come in and our claims go out to HMRC.