CFDG gives cautious welcome to new Gift Aid scheme

Howard Lake | 3 December 2004 | News

• Tagged with:
• Charity Finance Group
• finance
• legacies

The Charity Finance Directors’ Group today gave a cautious welcome to the new Gift Aid scheme for admissions fees, announced in the pre-budget report, but expressed disappointment that the scheme had to be changed at all. CFDG have been working with the Inland Revenue to develop the new ‘additional giving’ model, after it was announced in last year’s pre-budget report that the ‘day membership’ scheme would be phased out.
Shirley Scott, Chief Executive of CFDG today said, “Whilst we welcome the introduction of the additional giving model, we would have preferred it if the Government had left the scheme alone. Gift Aid on admission fees provided a valuable source of income for many of our members, particularly small independent museums. Whilst the new scheme will be of some benefit, it will still lead to a loss of revenue for many charities.”
For further information, please contact: Shirley Scott or Sophie Chapman at CFDG on Tel: 020 7793 1400
Notes to Editor:
1. The changes originally emerged in the detail of the chancellor’s November 2003 pre-budget report. The phasing out of the scheme would stop museums and other conservation and heritage charities from claiming Gift Aid on visitor admissions. At present, charities can operate a “day membership” scheme, where instead of paying for admission visitors make a donation, which attracts Gift Aid.
2. The Charity Finance Directors’ Group was set up in 1987 and is an umbrella group that specialises in helping charities to manage their finance-related functions.
3. CFDG’s 1000 plus members are responsible for the finances of charities with a wide variety of income levels. Over 60% of the top 500 charities are members of the CFDG. Between them our members manage some £10 Billion in charity income per year.
Sophie Chapman
Policy and Campaigns Officer
Tel: 0207 793 1400
Fax: 0207 793 1600
so************@cf**.uk
CFDG now offers a specialised daily news service for Charity Finance Directors. Check it out at
http://www.cfdg.org.uk/CFDG/fdnews.asp
Charity Finance Directors’ Group
Camelford House
87-89 Albert Embankment
London, SE1 7TP
“Promoting Excellence in Financial Management of Charities”

About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale. He is the founder of Fundraising Camp and co-founder of GoodJobs.