Information on Gift Aid:

Kiya is undergoing many important changes this year. The main one being that we are registering as a UK charity. We are currently a registered limited charitable company, however, in a few weeks time, all going to plan; we will have been accepted by the charity commission as a UK charity!

This will bring many new benefits to Kiya. One of the main benefits being that we will now be eligible to claim Gift Aid back on all donations made to us!!

+ How Gift Aid works

Charities take your donation (which is money you've already paid tax on), and then reclaim tax on its 'gross' equivalent (its value before tax was deducted) at the basic rate of 22 per cent.

In practice, this means that if you give £10 to charity/CASC using Gift Aid, that gift is worth £12.82 to the charity. This is because 22 per cent of £12.82 is £2.82 - your £10 being the difference.

The Gift Aid scheme is only for monetary gifts and there are rules limiting the value of benefits you can receive in return.

++ Who can use Gift Aid?

You can use Gift Aid if the amount of tax you have paid in any tax year (6 April one year to 5 April the next) is at least equal to the amount the charity/CASC is reclaiming on your behalf. You can calculate the amount of tax the charity will reclaim by multiplying the amount you give by 22/78.

So if, for example, you give £100 to a charity in a particular tax year, they will claim back 100 x 22/78 = £28.20. You need to have paid at least this amount of tax during the same tax year to be able to donate using Gift Aid.

Higher rate taxpayers

If you're a higher rate taxpayer, you can claim the difference between the higher rate of tax at 40 per cent and the basic rate of tax at 22 per cent on the total value to the charity of your donation (the 'gross donation').

So, using the example above, you can reclaim higher rate relief of £23.08 (18 per cent of your gross donation of £128.20).
You make this claim on your Self Assessment tax return.

Non taxpayers

If you do not pay tax, you should not use Gift Aid.

+++ How to make a donation using Gift Aid

When you make a donation to charity, they will normally ask you to consider making your donation using Gift Aid. If you agree, they will give you a simple form to complete declaring that you wish to make donations under Gift Aid.

You should complete a separate declaration form for each charity you wish to donate to, but one form can cover every gift made to the same charity.

I hope that makes sense! Basically, it costs you nothing extra, but means that we get more for your donation.

If you are a tax payer and would like to help Kiya maximize your donations to us, please fill in and return the Gift Aid Declaration attached. This declaration means that as of June 21st 2007 all donations you have made/will make to us will be gift aided, adding a further 22% onto your donation….good hey!

At present Kiya receives an average of £80,000 p/a. With Gift Aid, as long as the majority of our supporters are able/willing to give through Gift Aid, that will increase our income to: £97,600!!! We could build a new centre with that……so please, if you are thinking of making a donation or sponsoring a child/centre or teacher, take 10 minutes to fill out the declaration and send it back to us as soon as possible. THANK YOU!

++++ Gift Aid Declaration Form

If you have any concerns or questions giving through Gift Aid, please don’t hesitate to contact me at: suzy@kiyasurvivors.org

The UK team set up has also changed as a result of our becoming a charity and is as follows:

Charity Directors/Trustees:
Jan Sampson – Chair person
Corinna Gallop – Secretary
Patricia Ashwell – Treasurer

Employees:
Suzy Butler – Founder/Manager/Project Director
Alexis Argent – Volunteer/Sponsor a child Coordinator

Any of us can be contacted via email by using our fist names followed by kiyasurvivors.org. Eg: jan@kiyasurvivors.org

Or at the UK office: 01273 721092

 

THANK YOU FOR HELPING US MAXAMISE YOUR SUPPORT, TOGETEHR, WE REALLY CAN MAKE A DIFFERENCE!