85% of the money raised is retained for use exclusively by your organisation and your organisation alone. The sponsorship and donation money will be Gift Aided where applicable adding an extra 28 pence to every pound eligibly donated. 15% of the funds are retained by the Foundation to cover administration and other incurred costs.
Once the Gift Aid amount is received and 15% deducted the remaining funds are held in your TCSF Sport Coaching Credit Account which you can use whenever and however you like. You might ask the Foundation to provide staff to run your School Sports Day or afterschool cricket club, whatever you want, we will work with you to deliver.
Example:
A school with 100 children partaking in the scheme each raising £30 each
Total Raised
= £3,000.00
Potential gift Aid to be claimed @ 0.28p for every pound
= £750.00
Total raised
= £3,750.00
Minus TCSF Deduction @ 15%
= £562.50
Total held in your TCSF Sports Coaching Credit account