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Useful InformationThis report shows the number of payments made by users registered for Gift Aid in the reporting period for the trip/product selected. |
Gift Aid Payment Report
Click on the Reports tab
Select Financial reports
Select the Gift Aid payment report
Select the Trip or Product as required, or if completing a claim for all payments made for the period, select <All trips and products> from either drop down
If required, click the down arrow next to Is Account and select the appropriate account
If required, click the down arrow next to Dates and select the required date range or leave as <All dates>
Click on Run report
Understanding the Total claimed figure:
The Total claimed is a refund of the tax paid by parents on the income they needed to make the Gift aid payments.
For example, if they had £100 of income and paid 25% tax on that income they would have £75 left to spend on the Gift aid items.
Having spent that £75 with the school, the amount the school can claim back in gift aid is not 25% of £75, instead it is 25% of £100 which is calculated by £75 / (1 – tax rate) = £75 / (1 – 0.25) = £75 / 0.75 = £100
Using the example given, 25% of £4625.99 / 0.75 = £1542.00
83591302Gift Aid Payment Report
