Lest we forget

Discussion in 'Off-Topic Discussion' started by Jenny namaste, Nov 5, 2014.

  1. **Yvonne**

    **Yvonne** Total Gardener

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    That's my point M, the net proceeds, in other words, the costs are coming out of the purchases of the poppies.
     
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    • JWK

      JWK Gardener Staff Member

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      I hope that isn't the case Jack, I would hope no-one would seek to make a personal gain out of selling poppies - although your figures are compelling :(
       
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      • "M"

        "M" Total Gardener

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        :phew: Glad to hear it ... my coins have never jangled in the collection box for this event - mine have always folded ;) Nor have I asked, anticipated, or expected, anyone to "consider" whether mine jangled, squeaked, sighed or went silently under the radar :heehee:
         
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        • **Yvonne**

          **Yvonne** Total Gardener

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          I have direct debits to charity for over £50 per month leaving my bank account and I expect nothing in return M, the point I'm making is I purchased a poppy on this occasion and I expect the "deal" to be honoured.
           
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          • "M"

            "M" Total Gardener

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            I totally understand that :) I was being a pedant :redface:

            Well, the display was due to be disbanded after Remembrance Day, those were the terms you purchased under. So ... :fingers crossed:

            Now, curious mind wishes to know (the fun bit) ... what do you plan to do with your ceramic poppy? Will you put it in your (gorgeous!) garden as a plant poke/focal point? Will you put it in your home somewhere? Will you utilise it like a Christmas ornament and display it each year at the appropriate time? Or ... "other"? :dunno:
             
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            • **Yvonne**

              **Yvonne** Total Gardener

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              I don't know yet, I want to see it's condition and size (having bought it blind so to speak). I bought mine in memory of all the Irish volunteers who died in action as they never get any recognition for their contribution to WW2 in particular. I'm open to ideas!
               
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              • "M"

                "M" Total Gardener

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                Very honourable :thumbsup:
                Hmm, still think I would use one as a plant poke, strategically placed amongst significant plants. I didn't purchase one, but, if I had ... it would go in a bed of gladioli and Forget-me-knots (because Gladioli were my father's favourite plant, the FMK's speak for themselves and the two combined would extend the flowering season).

                It will be interesting reading to hear how GC members will use theirs :dbgrtmb: (Even better when we get pix!)
                 
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                • shiney

                  shiney President, Grumpy Old Men's Club Staff Member

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                  Now for the boring bit! :heehee:

                  Assuming the 888,246 poppies were all sold at £25 the total income is £22.2 million (not the carelessly rounded up figure that the newspapers have been quoting).

                  VAT will come to £3.3 million (allowing for Gift Aid deductions)
                  Production costs, I understand, were about £2.5 million
                  The investor that put up the money is expecting about £1 million return
                  Postage for the poppies to be sent to the purchasers is almost £2.5 million (GPO parcel rate at £2.80 for small parcel)
                  Gift Aid component approx. £2.2 million
                  Cleaning and packaging, I have no idea but shall guess at a million

                  I don't know whether there are any other expenses, but if there aren't any it leaves £9.7 million.

                  Add back the Revenue's tax contribution for Gift Aid and you're somewhere near the £11. something million - roughly what they are saying the charities will receive. :blue thumb:

                  The 'plus 10%' is almost certainly the Gift Aid component incorporated in the £25 million. It's a complicated system that the Revenue and Charities have as an agreement that allows Gift Aid to be given without each individual having to sign a form.

                  The 10% would reduce the VAT by nearly £400,000. Which would go towards the charities.
                   
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                  • Kandy

                    Kandy Will be glad to see the sun again soon.....

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                    Which would go towards what Shiney?:snork:

                    I read somewhere that even the couple who started up Help For Heros pockets £100,000 salary each year so do we begrudge their salary:biggrin:

                    I am not really interested in who is going to make what out of it,We have ordered these poppies in remberance of my Grandfather and Mr Kandies Great Uncle who gave their lives in the Great War,plus I also think of many men like my dad who spent five years fighting in the Second World War and who never really got over the effects of it and died aged 61 which by today's standard was quiet young.:sad:

                    Most charities,especially the larger ones make money from the donations of the likes of you and me who give to them.:snork:

                    As neither me or Mr Kandy smoke,drink,play bingo,buy lottery tickets, etc we like to give our money to charities each year and already made some donations this year to large charities and as they say every little helps.:biggrin:
                     
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                    • Val..

                      Val.. Confessed snail lover

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                      Let's not forget that these poppies are to remember those who gave everything.!!!
                       
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                      • **Yvonne**

                        **Yvonne** Total Gardener

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                        Val - I'm going to treat that little dig with the contempt it deserves.

                        Shiney, postage is a separate charge of £5.95. Also I believe our lovely thoughtful government have said they would not be collecting VAT. I have checked my invoice and there is no mention of a VAT charge. Finally, I wasn't given the option to Gift Aid, I assume because I made a purchase, not a donation?

                        Where does that put the final figure to the charities?
                         
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                        • JWK

                          JWK Gardener Staff Member

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                          Shiney, even if buyers had ticked a gift aid box that wouldn't have been a deduction, it means that the charity can claim extra back from HMRC. So adding back in what Yvonne says (VAT & postage) I reckon there is a 'profit' of about £8 million - which with the £1 million returned to the investor is not too far away from Jack's figure.

                          Well I suppose this whole project wouldn't have happened if someone hadn't had this idea and been brave enough to stump up the money up front. If it had flopped they would have lost a fair bit so maybe we shouldn't begrudge them a return, but hopefully they will not be too excessive.
                           
                        • **Yvonne**

                          **Yvonne** Total Gardener

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                          • shiney

                            shiney President, Grumpy Old Men's Club Staff Member

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                            I'm sceptical about ebay banning the sale of them. At the moment they have to ban the sale as their rules don't allow anyone to sell anything that isn't already in their possession, and as they haven't yet been sent to their owners they can't be in possession of them.
                             
                          • Kandy

                            Kandy Will be glad to see the sun again soon.....

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                            And each one is hand Made In ENGLAND and not in China:yes::snork:
                             
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