Giving & Gift aid
"Each one must give as he has decided in his heart, not reluctantly or under compulsion, for God loves a cheerful giver."
2 Corinthians 9:7
WHY GIVE?
Faithful financial giving is just one of the many ways that we demonstrate obedience to God’s word and exercise faith in His ability to provide our daily needs. Times like this can bring that into even sharper focus and cause instability in our resolve to push into this area. Let’s be a people of faithfulness. Our God is a faithful God!
GENERAL FUND
Bank transfer
Name: Gateway Church Poole
Acc. No: 13445615
Sort Code: 20-68-79
Ref: ‘SURNAME’ + GENERAL
VISION FUND
Bank transfer
Name: Gateway Church Poole
Acc. No: 63157318
Sort Code: 20-68-79
Ref: ‘SURNAME’ + VISION
What is Gift Aid?
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Gift Aid is a scheme available to charities and Community Amateur Sports Clubs (CASCs). It means they can claim extra money from HMRC.
The charity or CASC can claim an extra 25p for every £1 you donate. That's as long as you've paid the basic rate of tax and make the donation from your own funds. That means Gift Aid can increase the value of your donations by 25%, so you can give even more to the cause you care about.
Gift Aid is important for charities, and means millions of pounds extra go to the charity sector. Each time an eligible tax payer donates and forgets to tick the Gift Aid box, the charity misses out.
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Are my donations eligible for Gift Aid?
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A charity can claim Gift Aid when you make a monetary donation from your own funds and have paid UK income and / or Capital Gains Tax during that tax year. The amount of tax your pay needs to at least equal to the value of Gift Aid the charity or CASC will claim on your donation(s).
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If circumstances change and you no longer pay enough tax, it's important to tell all the charities you support. If you don't tell them and they continue claiming Gift Aid, you'll need to pay any difference back to HMRC