Ways to Give

Every single penny the College receives by way of donations is greatly appreciated. The greater the participation, the quicker we will be able to achieve our vision for the College site.

Many College parents and friends choose to give regularly by joining the Development Fund.

There are many other ways to contribute. Please open the sections listed below to find out more.

Give As You Earn ( GAYE)

Any donation to Hockerill Anglo European College from a company is paid gross of tax relief. No Gift Aid declaration needs to be completed. The company simply makes a donation and then claims tax relief when calculating profits for corporation tax. Donations can be made over a period of time or as a one-off.

For a company paying Corporation tax at 30%, the net cost of a donation worth £10,000 to the Hockerill Anglo European College would only be £7,000.

Donate by Text

TextGivingBanner

There are 2 ways you can donate to College funds by text – one off donations of up to £10 and a regular monthly amount of £5 or £10.

It is easy to do and the text messages and instructions on your phone guide you through each step. Please note, there is no management charge, thanks to the generosity of an active HPF parent, so 100% of your money will go towards Helping Hockerill build its future.

Here's what to do....

One off donations between £1 and £10:-

Text HPFA13 to 70055 to be given the option to make a one off donation of your choice between £1, £2, £3, £5 and £10

£5 Monthly Mobile Subscription Service

Please just text "HPF12" to 70055 to join our Development Fund!

Texts cost £5 per month

Your pledge will be acknowledged through the receipt of the following free welcome/joining message;

Thx 4 joining our development fund & donating £5 monthly by txt, we'll keep u updated with news/events. We couldnt do it without YOU! Hockerill Parents & Friends

By Post

By Post

If you would like to make a donation to the Hockerill Development Fund, you can write a cheque and send it to :-

Mr Mark Aldridge FINANCIAL DIRECTOR

Hockerill Anglo-European College

Dunmow Road

Bishop’s Stortford

CM23 5HX

Cheques should be made payable to HAEC.

THANK YOU

Gift Aid

Gift Aid

Tax Relief for Higher Rate Taxpayers

With gifts to charities that are eligible for Gift Aid, a donor who is a higher rate tax payer and the charity share the tax relief. The donor can claim back the difference between the higher rate of tax at 40 per cent or 45 per cent and the basic rate of tax at 20 per cent on the value of the donation. If £1,000 is donated, the gross donation is £1,250, so a donor liable at the 40 per cent tax rate could claim back £250 (20 per cent of £1,250) and a donor liable at the 45 per cent rate could claim back £305.

Many higher rate taxpayers do not claim this tax relief to which they are entitled. One of the reasons for this is the lack of understanding of how to do it. Another is the admin involved.

There are three different ways of claiming the tax relief:

  1. If the tax payer completes a self-assessment tax return (s)he can tell Her Majesty’s Revenue & Customs (HMRC) about gift aid donations by completing the section on gift aid payments.
  2. If the taxpayer does not complete a return, (s)he can give the details on form P810 Tax Review – available from their tax office. This is a form used to ask HMRC to check income to make sure they do not pay too much or too little tax.
  3. The taxpayer can telephone HMRC and ask them to make a change to their tax code. This can be done by calling 0845 300 0627 and having their National Insurance number to hand.

 

If you would like to see example figures for the tax relief you may be entitled to for a donation, please try the Institute of Fundraising's Gift Aid Calculator

Gift Aid

Tax-effective giving calculators for the iPhone from IOF

 
The Institute of Fundraising has developed a free iPhone app to be used by fundraisers to calculate donations made through Gift Aid, share giving, payroll giving and legacies.

A simple, easy to use tool to calculate the cost and value of tax-effective gifts.

This app, commissioned by the Institute of Fundraising, is designed for both donors and charities alike to calculate the benefits for different forms of tax-effective Giving.

The calculators include:
Gift Aid
Share Giving
Payroll Giving
Legacy Wealth

For any further information, please visit http://www.tax-effectivegiving.org.uk

Download from here

http://itunes.apple.com/gb/app/giving-calcs/id411700546?mt=8#

    

 

 

 

Credit / Debit Card Donations and Bank Transfer

Please click on the following link for Credit and Debit card donations

To donate via bank transfer please contact Mr Mark Aldridge for bank details:-

Mr Mark Aldridge FINANCIAL DIRECTOR on 01279 713959

or via post:-

Hockerill Anglo-European College

Dunmow Road

Bishop’s Stortford

CM23 5HX

Legacies

school

Why leave a Legacy?

Leaving a legacy to Hockerill  is one of the most powerful ways in which you can help future generations benefit from all the opportunities of a Hockerill education. Money left to a charity like Hockerill Anglo-European College (Exempt Charity registered with the department of Education) is also exempt from inheritance tax and may help reduce the overall amount of tax that must be paid on your estate. By leaving 10% or more of your estate to charity, the inheritance tax payable on your net estate reduces from 40% to 36%.

What effect does this have? Assume the total value of your estate is £500,000. Applying the current rate of inheritance tax would mean that:

 

Value of Estate

£500,000

Inheritance Tax Threshold

£325,000

Amount Liable to Tax

£175,000

Taxman Takes (at 40%)

£70,000

Your beneficiaries receive

£430,000

However, if you leave 10% of your estate to a registered charity such as Hockerill:

 

Value of Estate

£500,000

Tax-free Legacy to Hockerill

£50,000

Estate remaining

£450,000

Inheritance Tax Threshold

£325,000

Amount Liable to Tax

£125,000

Taxman Takes (at 36%)

£45,000

Your beneficiaries receive

£405,000

Amount saved from Taxman

£25,000

Find out more

To find our more, we invite you to contact Mark Aldridge, Finance Director, in confidence on 01279 713959 aldridgem@hockerill.com

 

Answers to the most frequently asked questions are listed below. However please feel free to contact Mark Aldridge, Financial Director, in confidence, should you wish to discuss your specific wishes in more detail. 01279 713945 / aldridgem@hockerill..com

What wording should I use in my Will?

You can either include a legacy at the time you make your Will (or when you update it) or you can add a 'codicil' to an existing Will.

A suggested form of wording for a Will or Codicil is:

I GIVE to HOCKERILL ANGLO-EUROPEAN COLLEGE (the "School") of Dunmow Road, Bishop’s Stortford CM23 5HX (Exempt Charity registered with the Department of Education ) [the sum of £(amount in numbers and words) free of tax] (or) [all my shares in [NAME OF COMPANY free of tax] (or) [all my right and interest in the property [DESCRIPTION/ADDRESS OF PROPERTY] free of tax] (or) [description of asset free of tax] (or) [percentage/share or all of my Estate] for the Governors to apply for the general purposes of the School in such a manner as they in their absolute discretion think fit and I declare that the written receipt of the Financial Controller or other competent officer for the time being of the School shall be a sufficient discharge to my [Executors or Trustees].

Please consult your solicitor for advice when making or amending your Will.

Is it possible to leave a legacy for a specific purpose?

Yes. Whilst Hockerill is looking to direct legacy income primarily towards its capital development plans, you can of course focus your support on another area of school life. If you would like to do this, please contact Mark Aldridge (details above) to discuss your wishes and the wording that should be included in your Will.

What different types of legacy are there?

Broadly speaking, there are four common forms of legacy. We strongly recommend that you seek professional legal advice to ascertain the most appropriate type for you.

1. Pecuniary Legacy

This simple form of legacy involves you leaving a named amount of money to Hockerill. You may wish to review your Will regularly as inflation can erode the value of your gift.

2. Residuary Legacy

This method allows you to protect the real value of your gift. You can gift all or a share/percentage of your Estate to Hockerill, which will take effect once all your cash and specific gifts have been made.

3. Reversionary Legacy

This is an attractive way of providing for your family first. It involves your Estate (or a percentage thereof) being held in trust, with the trustees being directed to pay its income to your spouse or relative during their lifetime. Only upon their death would Hockerill benefit from your legacy.

4. Specific Legacy
This type of gift can take any form. You can leave a specific asset or personal possession to Hockerill, including shares, land, property, antiques, jewelry, works of art or other valuables.

Stocks and Shares

Stocks and shares

A gift of Stocks and Shares is one of the most tax efficient ways of supporting Hockerill. In what amounts to a double tax break individuals or companies who donate shares to Hockerill

  • are not liable for capital gains tax on any increase in value since purchase
  • are able to claim tax relief on the full market value of the shares

It is therefore possible for you to offset a gift of shares, which represents money you have never actually possessed against some or even all of your income tax liability for a year.

For example, suppose you purchased shares some years ago for £1,000 and they have grown in value to £10,000. If you were to seek to realise them to find money to make an income-tax-efficient donation, you might be faced with a significant Capital Gains Tax bill. However, under the new scheme, you can gift the shares to Hockerill, eliminate the capital gain, and receive an income-tax benefit worth up to £4,000.

Try the Institute of Fundraising's Share Gift Calculator to see how much tax relief is available for gifts of shares.

What stocks and shares qualify for tax relief?

Tax relief is available to UK tax payers donating shares and securities listed on the:

  • UK Stock Market
  • Alternative Investment Market
  • Recognised stock exchanges overseas

It also available for:

  • Units in authorised UK unit trusts
  • Shares in a UK open-ended investment company (OEIC)
  • Holdings in certain foreign collective investment schemes (offshore funds)

To find out more, please contact Mark Aldridge, Financial Director on 01279 713945 or via the main switchboard 01279 658451.

The Giving Machine

It's not just at Christmas that you can use The Giving Machine...

TGMXmas

If you do online shopping, you could donate to Hockerill at no extra cost to yourself. All you have to do is register with the Giving Machine and click through The Giving Machine portal to shop. There are 400 participating retailers including Amazon,  John Lewis, Sainsburys, Argos, Debenhams, Easyjet. Launched in Michaelmas term 2012, over £1,000 was raised in the first year for College funds.

To register, click here http://www.thegivingmachine.co.uk/create_profile.php

The Hockerill Directory

In development - this section of the website will allow College parents and friends to advertise their service or business with a pledge of a charitable donation to Hockerill Anglo-European College Development Fund of either a fixed amount or on a % basis for any business gained.

This idea was put to us by a parent of the College keen to supplement the auction promise she pledged for the 2012 Auction of Promises.

DISCLAIMER:-

The College in no way endorses nor is it responsible for the quality of any of the services or provisions advertised in this area. Any contracts are purely and excusively between the advertiser and the individual purchasing what is on offer 

Giving From Overseas

We are extremely grateful for the increasing support from international student families. Donors giving from outside the UK  will need bank details to make an International Bank Transfer. Please contact Mark Aldridge, the College's Financial Director to arrange your gift:-

Mr Mark Aldridge FINANCIAL DIRECTOR on 00-44-1279 -713959

or via post:-

Hockerill Anglo-European College

Dunmow Road

Bishop’s Stortford

CM23 5HX