Parish Finance – Gift Aid
The Parish operates as a charity and is entirely dependent on the generosity of parishioners.
Regular offertory giving and other donations provide for the needs of the Parish. The day to day expenditure consists of the running costs of the Cathedral, Clergy House and the Parish Office including liturgical and pastoral expenditure as well as heating, lighting, cleaning, maintenance and insurance.
The Parish accounts and budget are managed by the Parish Treasurer (an unpaid role), and are overseen by the Finance Committee (made up of parishioners with relevant expertise). The committee which meets regularly four times a year, and on other occasions when the need arises, advises the Parish Priest on all matters relating to finance.
The Parish accounts are published in April every year and are distributed in the Parish newsletter in the form of an Income and Expenditure Report. This report is also included as an agenda item at the Annual Parish Meeting which usually takes place in May.
The Parish Hall was entirely refurbished several years ago, and the cost of this essential work left the Parish with a considerable debt. As a result of fantastic efforts by the Hall Fund Raising Committee and the generous support of all concerned this debt has now been cleared.
To remain financially viable, the Parish relies heavily on the enormous energy and commitment of those parishioners who give so freely of their time in organising fund-raising events. The considerable success of these fund-raising efforts is, of course, due in no small part to participation of the whole Parish.
Similarly the Gift Aid scheme (see details) plays a crucial role in the financing of the Parish by substantially supplementing the generosity of parishioners. Thus, currently, for every one pound given under the Gift Aid Scheme, the Parish is able to reclaim no less than 25 pence from HMRC, at absolutely no cost or inconvenience to the donor.
If you are already a member of the Gift Aid Scheme, thank you. You know how simple and easy it is to help the Parish. If you are not yet a member of the Gift Aid Scheme, please consider joining.