On completing the FARA Gift Aid Declaration Form and presenting it to the FARA shop, you are confirming that you are the owner of the goods which you have made available for sale. You will be allocated a unique Donor ID number, which will be used to identify your goods so that FARA (Charity No. 1139349) can track the money generated from the sale of your goods.
FARA will be free to decide whether all or any of your goods are suitable for sale and will seek to sell these goods on your behalf for the appropriate amount. If FARA considers that all or any of the goods are unsuitable for sale, you hereby agree to these goods being recycled or otherwise disposed of.
A commission of 5% (plus VAT) will be charged by FARA on the sale proceeds realised from selling your goods to cover the costs of administering the Gift Aid scheme. This commission will be deducted from the money raised and Gift Aid will be claimed on the net amount.
We will write to you at the end of each month to notify the amount raised from the sale of your goods. If we do not hear from you within 21 days from the date of notification, we will assume that you wish to donate the money raised to our charity. If you do not want to donate the money to the charity, you need to write to us at, FARA Enterprises Ltd, 61 High Street, Teddington, TW11 8HA and the money will be returned to you less any administration fee.
Subject to you being a UK taxpayer, FARA will reclaim 25p of tax on every £1 of net proceeds generated in cash from the sale of your goods (whilst the basic rate of income tax remains at 20%). The amount of Gift Aid claimed could be subject to change in legislation. To qualify for Gift Aid, you must pay more Income Tax and/or Capital Gains Tax than the amount of Gift Aid claimed on all your donations in that tax year and it is your responsibility to pay any difference.
Please notify the charity if you want to cancel your declaration, change your name or home address or no longer pay sufficient tax on your income. Please advise us in writing at: FARA Enterprises Ltd, 63 High Street, Teddington, TW11 8HA.