As a charity The Pony Club can reclaim Gift Aid on qualifying donations it receives.
Gift aid is a very useful government scheme that means that each donation can be increased by 25%. The processing of Gift Aid claims is done centrally but all Branches can benefit from this scheme. In order to reclaim Gift Aid the donor has to be a UK taxpayer (not a limited company) and has to complete and sign a Gift Aid declaration form (see Forms).
Once a Branch has obtained a qualifying donation and a completed Gift Aid declarations then they can send this to the Finance team at The Pony Club office. Once the claim is processed and the Gift Aid received from HRMC, this will be passed on to the Branch (minus an admin fee). The admin fee will be 5% of the donation amount (minimum charge of £25).
In order for a donation to qualify it must be a genuine donation for which the donor receives no material benefit.
Where the donor receives promotion of their business in programmes or at an event, this is not considered a qualifying donation but is instead classified as sponsorship.
However, a donor can be briefly thanked in programmes or during an event and it should still qualify as a donation. For more information on the rules for qualifying donations please contact the Finance Team.
If you have any queries regarding Gift Aid, please contact the Finance Team.
Did you know?
- We cannot claim Gift Aid on expenses not claimed.
- We thank volunteers that do not claim expenses, not only do you give your time to The Pony Club but you are incurring additional expenses which you have so kindly decided not to recharge back to the charity - this is hugely appreciated.
- Did you know: if you are a Taxpayer and you claimed your expenses and then donated the amount back to the company we would be able to claim 25% Gift Aid on this.