Gift Aid for Businesses

When you make a corporate gift to Norwich Theatre Royal, you make the Gift Aid claim and you receive the benefit. Simply include the gift on your annual tax return—there is no paperwork to fill in and no reclaims from the Inland Revenue—no administrative hassle. It’s a win-win!

This is how it works.

Let’s say that your business would like to make an outright gift of £10,000 to the Theatre Royal. We suggest that you donate the amount, plus the tax you would have paid on that amount. For example, if your company donated £14,285.71 at 30% tax, your cost is only £10,000. The Theatre Royal benefits from the entire £14,285.71 amount.

 

Amount donated to Norwich Theatre Royal Amount you reclaim via
Gift Aid (30% tax rate)		 Net cost to corporation
 £7,142.86  £2,142.86  £5,000
 £14,285.71  £4,285.71  £10,000
 £35,714.29  £10,714.29  £25,000
 £71,428.57  £21,428.57  £50,000
 £142,857.14  £42,857.14  £100,000

 

Let’s assume you want the Theatre Royal to receive a total of £5,000. Put this gift against tax under Gift Aid, and it costs you only £3,500, the full amount of your gift, less tax! (Your corporation tax varies depending on your company’s turnover, but it’s up to 30%). Here are some examples:

 

Amount donated to Norwich Theatre Royal Amount you reclaim via
Gift Aid (30% tax rate)		 Net cost to corporation
£5,000 £1,500 £3,500
£10,000 £3,000 £7,000
£25,000 £7,500 £17,500
£50,000 £15,000 £35,000
£100,000 £30,000 £70,000

 

Using Gift Aid, your contribution to Norwich Theatre Royal can have an even bigger impact. These examples are provided as a guide. To discuss your company’s support of the Theatre Royal’s 250 Appeal, contact Laetitia Hilling at 01603 598 558 or via e-mail at l.hilling@theatreroyalnorwich.co.uk.

 

Gift Aid for Individuals

If you are a UK taxpayer, declare Gift Aid and you can maximise the impact of your contribution to Norwich Theatre Royal by just over 28%, at no additional cost to you. To “Gift Aid” your contribution, simply complete and return the attached Gift Aid declaration to the Theatre Royal. Even if you’ve already made a donation, return a completed Gift Aid declaration to us. It’s a win-win!

This is how it works.

Let’s say that you would like to make an outright gift of £100 to the Theatre Royal. When you declare Gift Aid, the Theatre Royal can claim an additional 28% of your gift’s value, at no additional cost to you. Here are some examples of Gift Aid in action, rounded to the nearest pound:

 

Amount you give to Norwich Theatre Royal Amount we can reclaim via
Gift Aid		 Total Value to Theatre Royal
£5.00 £1.40 £6.40
£10.00 £2.80 £12.80
£25.00 £7.00 £32.00
£50.00 £14.00 £64.00
£100.00 £28.00 £128.00

 

If you prefer to make your gift with a Direct Debit instruction, you can also combine it with a Gift Aid declaration. Let’s say that you would like to donate £10 per month to the Theatre Royal using the convenience of Direct Debit. Gift Aid works just as it does with a one-off gift. Over the course of a year, you will have contributed £120 to Norwich Theatre Royal, but that same contribution is worth more than £153, at no additional cost to you. Here are some examples of monthly Direct Debit and Gift Aid in action, rounded to the nearest 10p:

 

Monthly Direct Debit contribution Yearly Direct Debit Contribution Amount we can reclaim via
Gift Aid, annually		 Total 1-year value to Theatre Royal Total 3-year value to Theatre Royal Total 5-year value to Theatre Royal
£5 £60 £16.80 £76.80 £230.40 £384.00
£10 £120 £33.60 £153.60 £460.80 £768.00
£25 £300 £84.00 £384.00 £1,152.00 £1,920.00
£50 £600 £168.00 £768.00 £2,304.00 £3,840.00
£100 £1,200 £336.00 £1536.00 £4,608.00 £7,680.00


Using Gift Aid, your contribution to Norwich Theatre Royal can have an even bigger impact. These examples are provided as a guide, and UK taxpayers must pay an amount of Income Tax and/or Capital Gains Tax at least equal to the tax that we reclaim on your donations in the appropriate tax year. In addition, further tax relief may be available—higher rate taxpayers may be able to claim relief on the difference between the basic and higher rates of tax on their personal tax returns.

If you are a UK taxpayer, use GIFT AID to make your donation worth more. For every pound you give us, we can reclaim an extra 28p from Inland Revenue. Make your online Gift Aid declaration at the same time you make your online contribution, or click here to download a Gift Aid form.

NB You will need Adobe Acrobat Reader to view the donation/gift aid form. Adobe Acrobat Reader is a free download available from http://get.adobe.com/reader/


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Registered Charity 262259

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