Parish Giving Scheme - Please Consider Joining
Please consider joining the Parish Giving Scheme (PGS). Following the thanksgiving service for the PGS sign-ups there is still an opportunity to join those who have already signed up. Moving existing giving to the PGS is highly beneficial for All Saints and easy for you, and gives you good control over your giving - for which we thank you.
Reminder - At the APCM we launched a new way of planned giving to All Saints called the Parish Giving Scheme. This scheme is an easier and more beneficial alternative to either paying by standing order or envelopes. There are leaflets and forms available at the back of church. If you would like more information please speak to one of the Churchwardens or me. Sue Stannett
Below is some information:-
(More information can be found on the Parish Giving Scheme website here)
The Parish Giving Scheme (PGS) is a direct-debit system developed by the Diocese of Gloucester to provide a professional, effective donation management system to support parishes fund their mission and ministry. It reduces the burden of work on parish volunteers and provides a professional service to our donors. It enables:
- The donor to sign up to inflationary giving, overcoming the static nature of cash and standing order gifts.
- The parish to improve cash-flow by receiving the gift by the tenth of the month. The Gift AId will be sent separately once PGS has received it from HMRC.
It does all this at a lower cost than envelope schemes.
How it works
Donations can be made on a monthly, quarterly or annual basis. They are collected by Direct Debit on the first day of the month. The gift is then passed on to the specified church within ten days of collection. Gift Aid will be sent separately once PGS has received it from HMRC
Another unique feature of the scheme is the option for the donor to commit in principle to increase their gift annually in line with inflation. This is entirely at the donor’s discretion on an opt-in basis but more than 60% of the cash received is index-linked.
Donors receive an initial letter confirming their details and welcoming them to the scheme. All those who have requested to inflate their giving annually will then receive a letter one month preceding the anniversary of their first gift informing them of their soon to be inflated gift (with the option to vary it).
The system uses the Advanced nfp CARE NG database (a professional system used by many large Charities such as Cancer Research UK). The scheme has been operating in Gloucester since late 2008, including a year long pilot, and is now in use in more than 14 Dioceses.
Static regular giving is a big concern for most parishes, if giving doesn’t keep in line with inflation, a parish can easily find a gap develop between income and expenditure.
Benefits to parishes and participating dioceses include:
- The scheme is delivered locally (parish), but administered centrally reducing the administrative burden on parishes.
- All parishes whose Diocese have signed up to the scheme can participate, and it suits regular and fringe donors. The degree of impact is linked with the quality of local execution, and being launched alongside a giving review.
- Regularly increasing giving through the majority of donors opting for index-linking.
- Anonymity for donors, if required.
- Direct Debit offers greater flexibility with regards to managing giving; increases and decreases can be made easily.
- Increased cash flow through faster recovery of Gift Aid, enabling more regular payments of parish share.
- Central system ensuring that Gift Aid is processed accurately.
- Professional, tried and tested materials for donors, and for parish treasurers. Monthly, Annual and Tax year statements are sent to each Parish.
- The PGS is complimentary to any stewardship programme both at the point it is introduced and in subsequent years.
By offering this scheme in a parish and through donors' generous commitments, churches can be assured of a regular, tax efficient source of income which has the capacity to increase with the cost of living, yet involves virtually no administration. With the help of the Parish Giving Scheme (PGS), donors benefit from a system that is secure, confidential and easy to use, while supporting the Church today and for the future.
The current RPI amount published for January 2017 (the agreed date of the fixed annual inflationary increase amount) is 2.6%