Gift Aid cash cow still refuses to go "Moo"
Digging around a bit I've found CTC's Summary Information Return to the Charity Commission for 2013
That seems to show that Membership subscriptions (donations) raised £1,786,000. Member Benefits cost £1,495,000 to deliver. So CTC's own figures show on average 83.7% of a members subs go on providing member benefits.Gift Aid statement pre Charity conversion
... HM Revenue and Customs (HMRC) allow benefits of up to 25% of a donation to be given to the donor. If CTC becomes a charity, CTC will need to agree with HMRC what the value of CTC membership benefits given to members is. ... The need to agree Gift Aid with HMRC may be a complex discussion as it is sometimes the value to the recipient that HMRC uses in the calculation rather than the costs to the charity. ...
Getting from a declared 83.7% down to 25% should prove to be an extremely complex discussion.
There'll be tarmac over, the white cliffs of Dover ...