Saint Catherine’s Hospice in Scarborough is inviting businesses to join its new Friends in Business scheme – a way of helping support patient care whilst reducing tax bills at the same time.
The scheme gives businesses of all sizes the chance to support the hospice and enjoy a number of benefits in return for their support.
One of the first businesses to join Friends in Business was Castle Employment Group.
Suzanne Burnett, director, said: “This is a great way to make it easier for businesses to give a donation to Saint Catherine’s.
“It’s something lots of businesses would like to do, but they don’t realise it can be so easy.
“I would encourage everyone to take part. The service Saint Catherine’s provides is invaluable – it is a charity close to my heart and also important to many members of our team.”
Tracy Calcraft, income and business services director, said:
“Supporting a local charity makes a real difference to the cause you support and can improve relations with your customers, clients and employees.
“Our services are a vital part of the community and having regular financial support can allow us to care for patients today and plan for tomorrow.”
Limited companies, partnerships and sole traders can pay less tax when they give to charity. Donations are tax deductible against the profits of a company. Donations from sole trader or business partnerships are paid net of tax and the charity claims a tax credit on top, direct from HM Revenue & Customs (HMRC).
All qualifying charitable donations are eligible for Gift Aid or Corporate Gift Aid. For example, a £100 donation by a limited company costs the company £81 after a 19 per cent tax saving.
For sole trader and partnership companies, charitable donations are uplifted by HMRC through Gift Aid – so a donation of £100 would be increased to £125, with the extra £25 being paid by HMRC.
By becoming part of Saint Catherine’s Friends in Business, companies also benefit from the use of the scheme’s logo, which can be provided for use on company stationery, the company’s website and marketing literature. Businesses will also receive an annual statement of contributions made.
The hospice explained how donations from businesses can help:
- £50 per month could pay for the Hospice at Home team to visit a patient in their own home.
- £100 per month could pay for the community nurse specialist team to visit patients in their own home to offer advice, support and guidance around treatment and care.
- £250 per month could pay for a 24-hour stay on the in-patient unit.
- £10,000 is the cost of providing all of the hospice’s care services for one day
For more information visit Saint Catherine’s Hospice