In order to speed the start of our meetings, where much time was being spent in financial transactions, we recently decided to move from collecting “Weekly Subs” to requesting “Termly Donations”. Hence, rather than send cash every week, we are asking that you make a donation for the entire term.
In addition, to increase the funds available to the Woodcraft Folk, we are seeking these donations under the Gift Aid scheme.
If you are a UK tax payer, and you sign up for Gift Aid, then for every £10 you donate to the Woodcraft Folk, we can claim back £2.50 from the Tax man, at no extra cost to yourself.
To comply with the rules of the scheme, you must be paying an amount of Income Tax and/or Capital Gains Tax that is at least equal to the amount of tax claimed back under Gift Aid. This includes ALL donations you make under Gift Aid.
If you do pay less Income Tax and/or Capital Gains Tax in any tax year, than the amount of Gift Aid claimed on ALL your donations then, under new Tax rules, it is your responsibility to pay any difference.
Taxes such as VAT and Council Tax do not qualify for Gift Aid.
It is important to note that the subs payments will now become a voluntary donation, but that we will be unable to run our groups if we do not receive sufficient donations. We suggest a weekly donation of £2.00 per child, (£1.00 for National Woodcraft members), to cover the expenses involved in running the group.
If you would like us to claim Gift Aid on your donations, please complete and sign a Gift Aid Declaration Form (Excel format) and return it, together with your donation, to any group leader.
If you tick both boxes, to indicate your agreement to “Gift Aid” this donation, plus all future donations, then we can continue to collect Gift Aid on your donations, without having to bother you again.
This will be a good way of increasing our funding, enabling us to further subsidise our events, weekenders and camps.
Non-tax payers, and those not wishing to engage in the Gift Aid scheme, are still asked to make Termly Donations, at the rate suggested above, we will just not be able to claim the Gift Aid on your donation.
You can make your donation in cash; cheque or by on-line transfer (Bank details are given below - please include your surname as a reference).
You can cancel this undertaking at any time and you must do so if you cease to pay sufficient Income Tax and/or Capital Gains tax.
Donations by cheque payable to: "The Woodcraft Folk"
Donations by BACS transfer to:
The Co-operative Bank
Sort Code: 08-92-50
Account No: 65040649
For more details, please contact our Treasurer, Gordon Lawrence.