Back of the Sofa
Nonprofit Organization Management - Winchester, England, United Kingdom
Back of the Sofa Employees
Back of the Sofa Details
Back of the Sofa is a new service aimed at the UK's 350,000 small charities who've collectively let £3.5 billion slip un-noticed out of their pockets… lacking time / experience when it comes to finances, sold-short by suppliers and neglected by the Taxman. This could be tax relief that you didn't know existed (or how to go about claiming); rebates you are literally sitting on and discounts on overheads like utilities for which you could be paying a lot less. Who's checking to see if you're overpaying or wasting money by mistake? For example, a third of charities are unaware they are entitled to pay 5% VAT on things like energy bills and the only way to reduce it down from 20% is to fill out the necessary form. Or that a rebate for overpayment can be claimed for up to four years… if you have the patience to deal with the utility companies! And if you - like most people - have not switched your energy, telecoms or insurance in the past year or ever for that matter - it's likely that you could cut your bills 20-30%... even if you stay with the same supplier. Did you know that water is now something you can now switch too? What about Gift Aid? Are you one of the few - just 66,000 charities - that use it? Perhaps you fall into the 70,000-strong category of charities who've registered but never claimed? And there's lots more we can do to increase your donations if they come from Higher Rate taxpayers… there are 4.7 million of them in the UK but fewer than 15% bother (or know) to claim the 25-31pence per pound extra available on top of their gifts. It's the same if your donations are made by companies… amazingly just 1% ask the Taxman to top up their donation for free. The best thing about it is that it'll boost your spending on good causes without asking supporters for a single penny more. It's a call to action for any charity - empowering you to claim money that is rightfully yours, reduce operating costs and mobilise donors in smarter ways.
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