10
News from the Treasurer Its time for another look at GINs finances. In 2009
supporter income fell by 3%, probably a good performance in the recession.
Merchandise was also affected with sales down £2000. The good news came from the
Bournemouth shop, where sales of donated goods rose by £7000. We opened a second
shop in Brighton in August 2009, which made a good start, but produced a loss for the
period to the end of 2009, to be expected as it takes time for a shop to become
established. Sales are going well and we are confident of a successful future. We
benefited from two large legacies in 2009, totalling £95000. So, overall, income in 2009
stood up well. Of course we cannot rely on future legacies and it is therefore
important that fund-raising efforts continue.
We get many donations by cheques sent to Wraysbury and our sponsorship scheme
receives supporter assistance by standing orders. I would like to remind supporters of
our two online facilities, Just Giving and Charity Choice. Just Giving is a large operation,
whose online systems enable supporters to credit a donation to GINs account and
charge it to the supporters credit card. It is widely used for sponsorship-for example
someone running in a Marathon could set up a special account to benefit GIN and tell all
their friends to sponsor them via this Just Giving account. Any supporter who would
like to help GIN in this way, please contact Wraysbury and we will help them set up an
account for GIN. Just Giving is a commercial organisation and charges GIN a small fee
and commission, while the Charity Choice system is free to registered charities.
Donations and also payments for merchandise can be made via Charity Choice and again
the supporters credit card will be charged. This works very well for merchandise-phone
our office, tell us what you want, well calculate the total, then you pay via Charity
Choice and within an hour GIN will be notified of your payment, and by then the parcel
will be ready for posting.
Please dont forget Gift Aid, the method used by the Government to help charities.
Ive written about it in many previous newsletters, and am pleased to say that both Just
Giving and Charity Choice offer Gift Aid declarations, so GIN gets the extra cash.
One other method of helping GIN is available to working supporters. All large employers
and many small ones, have a Payroll Giving system, known as GAYE, under which
charitable giving is taken from gross pay, i.e. tax is reduced. So if you are a standard
rate tax payer and donate £5 per month to GIN, this will actually cost you £4 per
month, while GIN will of course get the full £5. If you are interested in helping GIN in
this way, contact your payroll department, and if they operate GAYE, ask them to set up
a regular donation to GIN.
Please contact me at Wraysbury if you need further details on any of the areas Ive
covered above. Geoffrey