All Saints is a beautiful church, but its running costs are large, and currently we are not able to meet all of those costs. We estimate that All Saints is losing somewhere in the region of £75,000-£100,000 a year. We are trying to find ways to reduce our running costs, but this alone is not going to help. We also need to find ways to raise money to support All Saints, and to allow us to continue to serve the community.
If you would like to make a donation to All Saints there are a number of ways you can do this.
You can give regularly by setting up a standing order with your bank. To do this, complete our standing order form and post it to the All Saints Parish Office, Wilbury Road, Hove, BN3 3PB
- A regular collection is taken at all Sunday services. Please use the giving envelopes provided.
- If you would like to send us a cheque please make it payable to:
All Saints PCC and send it to the All Saints Parish Office, Wilbury Road, Hove, BN3 3PB
- You can also donate online direct to our bank account. Please contact us for details.
Tax Efficient Giving
If you are a UK taxpayer, you can make your donation go even further by making it subject to Gift Aid at no extra cost to you. 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 a gift aid declaration. The benefit to All Saints is that 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.)
Please note that donations from companies are not eligible for Gift Aid.
Tax advantages of leaving a gift in your will
If, once liabilities have been settled, you leave money and possessions worth more than the inheritance tax nil rate band (currently £325,000), inheritance tax at 40% will be due on the balance. However, a gift in your will to All Saints (or any other charity) avoids paying this 40% tax – so, for example, a gift of £1,000 would cost your estate £600. In addition, there is no capital gains tax payable on death, so if you leave a portfolio of shares to All Saints then no capital gains tax would be payable on the transfer of these shares.
It’s also worth noting that the nil rate band is transferable to the survivor of a married or civil partnership couple, so the potential exists for up to £650,000 to be given away by this party to non-exempt beneficiaries before inheritance tax becomes payable. For example, a will could be made by the survivor of a All Saints worshipper under which they leave up to £650,000 (assuming no lifetime gifts have been made in the previous seven years, and that none of the nil rate band was used on the first death) to their relatives and friends and the remainder to All Saints without incurring any liability to inheritance tax.
We always recommended that you ask your solicitor or other professional adviser about the best ways to reduce tax.