The Trust appreciates all donations whether it be a £2 Monthly or a one off donation. |
Please print the forms provided. Click to Print
Completed the Donations Form & Gift Aid Declaration then post to the following address with cheque made payable to "Develop Youth Through Sports Trust".
Develop Youth Through Sports Trust,
Barton Hall Est,
Hardy Street,
Eccles,
Manchester,
M30 7NB.
We thank you for all donations and will keep you informed of all developments. |
Why Gift Aid your donations?
Increase your donation without spending a penny extra
Have you made any donations to Develop Youth since April 2000? Did you know that you could help us protect even more children without spending a penny extra? This is because the government's Gift Aid scheme allows us to reclaim tax on donations since April 2000 and into the future. That means that for every £1 you give to Develop Youth, we can now reclaim 28p from the tax man. Even though that may only seem like a small amount, you will be surprised how it all adds up.
There's no extra cost to you - all you have to do is fill in a Gift Aid Declaration. This means that you confirm that you are a UK tax payer and that you are happy for us to reclaim the tax. All donations qualify - large or small, regular or one-off, and whatever the method of payment.
If you are a UK taxpayer, Gift Aid offers a simple way to increase the value of your gift to charity by allowing a charity to reclaim the tax on your gift.
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 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 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.
The Chancellor announced changes in the March 2000 budget that mean that it has never before been so tax-efficient to make a charitable gift. By making a gift of shares to Develop Youth it is possible to make a substantial tax saving not only on capital gains tax but on income tax as well.
Income tax relief
The relief from income tax is available for the full market value of the shares on the date of disposal. In other words, you will not pay income tax on the equivalent amount of your annual income in the tax year that the gift is made. This means that a higher rate taxpayer making gift of £10,000 worth of shares to a registered charity will receive income tax relief of 40 percent of the full value, ie £4,000. In order to make these savings all you need to do is:
In order to qualify for the relief, the shares or securities must be listed or dealt on a recognised stock exchange, units in authorised unit trusts, shares in a UK open-ended investment company or holdings in certain foreign collective investment schemes.
Capital gains tax relief
In addition to income tax relief there is also full relief from capital gains tax, which means that in the hands of Develop Youth the gift is worth more than if you had sold shares yourself. The extent of the difference depends on how much capital gains tax you would have paid: there are some simplified examples below, but every donor's situation may be different and we advise consultation with a tax adviser/accountant to determine your own situation.
The practicalities
Gifts of shares can be transferred to Develop Youth either by completing a Crest Transfer form for each share holding and returning it to us together with the appropriate share certificate(s) or electronically if your shares are held by brokers under the Crest system.
The effect of disposal on share value
In our experience some of our donors who are company directors have been concerned about the effect that an immediate sale of a significant number of their shares by Develop Youth would have on the share value.
We have two ways of dealing with this problem:
1. The first way is for you to gift the shares to us in a controlled manner over a number of years. This may be advisable for personal tax reasons as well, because you need to ensure that you have enough taxable income in the year that you make the donation to offset against the market value of your gift.
2. The second way is for you to send us the share certificate in the name of Develop Youth and attach a letter with conditions as to when we can sell the shares. We will then simply hold onto them until the date you specify.
3. Alternatively, if you are unsure as to the value of your shares, you may want to consider sending them to Sharegift. This is a charitable organisation specialising in accepting small numbers of shares with low values, which would normally mean that they would not be economic to be sold. They aggregate the shares and then sell them distributing the funds to charity. The number of shares received nominating particular charities determines the proportion distributed to the individual charities.
For further information or assistance, please contact our Registered Office at Barton Hall Est, Hardy Street, Eccles, M30 7NB or EMAIL enquiry@developyouth.info