I am pleased to announce that we have today heard from the Charity Commission that BGAid has been granted Registered Charity status. The registered Number is: 1118240
The three main registered objects of BGAid are:
1. The relief and assistance of people in Bulgaria who become victims of floods
2. The relief of children in Bulgaria by raising awareness of and financially supporting Orphanages and
3. The furtherance of such other charitable purposes as the Trustees may from time to time determine
This means that (apart from the strict accounting, auditing and reporting rules we are obliged to adhere by) BGAid will be able to benefit from Inland Revenue rules regarding donations to Charities. This will become effective once that registration with the IR has also been completed. Once that Inland Revenue registration has been granted all donors will be able to donate via what is known as GIFT AID. Using gift aid means that every pound you give to BGAid generates an extra 28 pence from the Inland Revenue.
In addition, if you are a higher rate taxpayer you will be able to claim tax relief for yourself. This means that if you give BGAid £780, BGAid can claim a further £220 from the Revenue and if you pay tax at the higher rate you can reclaim £180. Thus BGAid would receive £1,000 and the net cost to you may be only £600. Subject to a few simple rules, you will be able to give any amount of money, large or small, regular or one-off and tax can be reclaimed.
We will let you know just as soon as the Inland Revenue have also set up their records in this respect.
Some more details can easily be found on the internet about what a boost this will give to BGAid and those we choose to donate to but a couple of useful links can be found here:
The new dedicated web site for BGAid is still 'work in Progress' and all will be explained in detail there. Please dont stop giving in the meantime and do continue to support the Pixel Page initiative:
This one has been a long haul but was definitely worth it!!
We will keep you updated!