Financial Contributions

 

Financial Contributions to St Columba’s Church of Scotland

How can you offer financial support to the work of the Church – locally, nationally and beyond?

The Church and congregation are very grateful for any support you currently provide – a hearty thank you! Whilst the level of your contribution is a personal matter, ask yourself if there is anything more you can do in order to help develop the Church and its ministry. Please review your contributions regularly in order to keep in line with your ability to pay and with inflation. Stewardship Month acts as an annual reminder to take action, but remember that there are several ways to give to the Church. You can amend your level of giving at any time, according to your personal circumstances.

The following donation methods are preferred from an operational perspective, in order to support the Church through regular, tax-efficient giving, allowing both the Church and donors to plan their finances:

  1. Bank Standing Order – the easiest means of regular giving. Just fill in the form below and return to the Honorary Treasurer (c/o the Church Office). You can change it at any time; there is no need to contact your bank directly. Whilst you can now set up standing orders online, it facilitates administration if you submit the attached form directly to the Church. A Gift Aid declaration can be used to maximise the value of the donation for the Church and offers a personal tax relief benefit to higher rate or additional rate taxpayers.
  2. Weekly Freewill Offering – donations are made using an annual supply of uniquely referenced envelopes, dated for each Sunday of the year. If unable to attend church in any week, your offering can be placed in the appropriate envelope and brought along when you are next in church. A Gift Aid declaration, where appropriate, should be signed when joining the scheme to cover all such donations.

Other ways to donate include:

  1. Open Plate– cash or cheques which are not in an envelope cannot be identified as a Gift Aid donation. Therefore, if you pay sufficient UK income and/or capital gains tax, please use the yellow offering envelopes provided in the pews to ensure that Gift Aid relief can be reclaimed on your contribution. Alternatively, Charitable Aid Foundation (CAF), or similar, cheques can be used, with similar tax relief benefits.
  2. Payroll giving – If your employer or pension administrator operates payroll giving, donations can be made directly to the Church from your wages or pension (after National Insurance Contributions; before Income Tax) – you only pay tax on the remainder, providing immediate tax relief on your donation at your highest tax rate. The Give As You Earn scheme, run by CAF, is the UK’s largest Payroll Giving scheme. Some employers also offer “matched giving” schemes, usually capped at a limited amount.
  3. Other types of gift:
    1. One-off gift – you can make a bank transfer or write a cheque at any time. If relevant, ensure that you have signed a Gift Aid declaration to maximise your donation.
    2. Charities Aid Foundation (CAF) & similar smaller organisations – put money into an account dedicated to charitable giving, into which the appropriate tax is recovered from HMRC and the balance is then available for tax-efficient charitable giving using cheques.
    3. Legacy gifts – you may wish to include a legacy in your will. This has Inheritance Tax benefits (gift exempt; plus if you give >10% of your estate, the inheritance tax rate is reduced from 40% to 36% on the remaining estate).
    4. Donations of land, buildings or stocks and shares – transfers of land, buildings, shares quoted on a recognised stock exchange, or units in approved unit trusts may attract Income Tax and Capital Gains Tax relief. You are strongly advised to seek professional advice before making significant transactions.

Make your gift tax efficient!

Please ensure that your donations benefit from tax relief, e.g. payroll giving, Charities Aid Foundation (CAF), charitable exemptions or Gift Aid. Gift Aid allows the congregation (as a registered charity) to reclaim the tax already paid on your offering, enabling the Church to reclaim a further 25% on donations (based on current basic rate Income Tax of 20%). In addition, higher rate or additional rate taxpayers can claim further personal tax relief at 20% or 25% (equating to 25p or 31.25p for every £1 donated), respectively. Gifts must be your own money and not, for example, the proceeds of a collection. If you have previously submitted a Gift Aid form, please confirm, for your own comfort, that you still pay sufficient income or capital gains tax.

For more information on tax efficient giving, see the HMRC website: www.hmrc.gov.uk/individuals/giving

Contacts

For more information about Stewardship or any questions raised above, please contact the Honorary Treasurer (c/o the Church Office). St Columba’s Church of Scotland, Registered Charity Number: 236173