Cambridge Cycling Campaign is now ready to start operating Gift Aid on donations and members’ subscriptions.
If all members who are eligible were to make a declaration, the potential additional funds for the campaign (at no extra cost to members) could be around £1,500 a year, and this would be a significant increase in our annual income.
For those who have not come across Gift Aid before, this is a scheme which allows charities to reclaim the tax paid on donations and charitable subscriptions, at no cost to the donor, subject to certain conditions. Higher-rate tax payers can even claim tax relief on their donations under the scheme via their self-assessment tax return.
The conditions are straightforward: donors or members have to pay at least as much UK tax as the campaign is claiming back (currently 25%), must not gain any direct benefit from the gift-aided donation or subscription, and must make a standard Gift Aid declaration. A form to do this is now available online at www.camcycle.org.uk/membership/giftaid/ and we would encourage all taxpaying members to go there and complete the simple declaration, which only requires you to provide your name, address and (importantly) postcode.