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www.elim.org.ukElim Pentecostal Church An Introduction To Gift Aid Increasing Your Church Income
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www.elim.org.ukElim Pentecostal Church Giving by Gift Aid is a simple, yet hugely effective way of giving It increases your giving by 25%
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www.elim.org.ukElim Pentecostal Church The impact of Gift Aid £100 £1,000 £2,000 £125 £1,250 £2,500 £0 £500 £1,000 £1,500 £2,000 £2,500 £3,000 Example 1Example 2Example 3 Normal GivingGift Aided Giving
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www.elim.org.ukElim Pentecostal Churchwww.elim.org.ukElim 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
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www.elim.org.ukElim Pentecostal Church 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
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www.elim.org.ukElim Pentecostal Church 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 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 £40,000 £45,000 £50,000 £55,000 £60,000 £65,000 £70,000 0%50%100% GivingGift Aid £52,000
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www.elim.org.ukElim Pentecostal Church 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:
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www.elim.org.ukElim Pentecostal Church Three Steps Complete an Elim Gift Aid Declaration form Gift Aid Form For payments direct from your bank account, a Standing Order form is included for your convenience Standing Order Return the completed form to your Finance Officer Finance Officer If you are a UK tax payer then Gift Aid is for you
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www.elim.org.ukElim Pentecostal Church Giving by Gift Aid is a simple, yet hugely effective way of giving
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www.elim.org.ukElim Pentecostal Church
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