A VIEW FROM THE TREASURERS DESK
This Newsletter, instead of lots of numbers Im
going to give you the view from the Treasurers
Desk-although in spite of GINs progress and greater
office space, no such desk exists. At current HQ the
space I fight to occupy is actually owned by Lynne
and also grabbed by volunteers, visitors and some-
times our auditor. If I do get settled, I must cope
with Lurchy, who prowls the whole office making sure
that he has first bite at anything edible, also getting
noisy when anyone rings our doorbell.
When I do get a chance to reflect quietly on GINs
financial position, 2008 was a good year, although
supporter income is down and the last three months,
which include Christmas, were disappointing, as the poor economic climate in UK
took its toll on GIN. This is common to most charities, we know, but worse still
for GIN, the slowdown in income came at the same time as the slump in the
value of the £, and as most of our aid to galgos is spent in Euros we have seen
our costs rise (comparing January 2008 with January 2009) by 40%. GIN still
has adequate reserves so we will not cut-back on our help for galgos, but you
will see elsewhere in this Newsletter that Carolyn has written about the
veterinary bills we pay in Spain, and how we need supporter involvement in this
area so that even in these tough times GIN can expand its work in Spain.
The old British hate figures used to be double-glazing salesmen and estate
agents-in 2009 its greedy MPs and bankers! While Gordon Brown has unlimited
billions to spend on saving the banks, he helps charities more modestly via Gift
Aid. This was introduced by the Labour Government and does produce millions
of pounds of tax rebates for registered charities. GINs tax rebates in 2008
totalled £8800, around 40% of the amount GIN could get if all our supporters
signed a Gift Aid declaration.
Some of our supporters think Gift Aid is complex and even costs them money-
neither is true. Let us suppose that over the course of a year a lady supporter
gives GIN £60-perhaps in a number of donations or even by £5 per month to
the sponsorship scheme. If this supporter signs a Gift Aid Declaration, the
Inland Revenue deems that she has paid GIN £75, but deducted £15 of tax at
the standard rate. As we always advise, dont sign the Declaration unless you
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Drawing by Monica Monti