We have produced this page as a means of explaining how our finances are managed and to help you should you wish to give financially to the work of RMCC.
What do we do with our finances?
The very first thing we do is to give away 12% of all our income. This is used to support UK and Overseas Missions.
Like any organisation some of finances go toward staffing, buildings running and maintenance. Other monies helps pay for publicity and events.
We encourage and teach people to give regularly to the local church, with tithing as a guideline (i.e. a tenth of your income).
You may choose to give your tithe by standing order or by cheque or cash into the offering bag.
Several times a year we may have a special offering for major projects or for causes we support.
How to give
- If you wish give by standing order please contact us for a form which you can send to your bank.
- All cheques should be made payable to RMCC - regardless of what the offering is for.
- If you are giving cash and have completed or intend to complete a Gift Aid form, please use one of the small brown envelopes from the table at the entrance, marking it with your name and/or Gift Aid Number. This will enable us to reclaim the tax – see below.
- If your offering is for a specific cause, please use one of the small brown envelopes from the table at the entrance, marking it with where you wish your offering to go.
Gift Aid - Tax Efficient Giving
If you pay UK tax (Income or Capital Gains Tax) and would like us to be able to claim back the basic rate tax, you will need to fill in, sign and return to us an ongoing Gift Aid declaration if you have not done so already.
The benefit to RMCC is that the church can claim the tax you have paid on any gift, however large or small, whether a one off gift or a regular donation. We can recover the basic rate of income tax, currently 25p for each pound given. (If you pay higher rate tax, you may recover this through your own tax return.)
This costs you nothing and involves a simple Gift Aid declaration, which only has to be signed once, regardless of the amount of payments made under this scheme.
Each gift you make must be identifiable to you personally.
A Gift Aid declaration can be completed retrospectively as long as your donation can be identified.
For additional information about Gift Aid click here.
If you are unsure how this all affects you, or would like to discuss this further, please contact Paul King at email@example.com