Financial Briefing to the Parish November 2020

A short annual briefing on the Parish Finances from John Marsland, as chairman of the Parish Finance Council.

This time last year I was reporting on a financially difficult year, however, this year has been even more challenging with lockdowns and a closed Church for some periods.

You may remember that we spent about £40K on repairs and maintenance during last year. This year the equivalent figure is about £10K and most of this is for the fire alarm upgrade.

We expected to see a significant deterioration in our financial position following the closures of the Church and the restriction on the number of parishioners who could attend during services. However, as a result of the low spend on repairs and maintenance, our balances are in better shape than we expected. We have £34839 in the Parish account and £31145 in the deposit account with the Diocese.

As always, your generosity continues with many parishioners continuing to donate with standing orders or online even though they are unable to attend Church at this time. Many thanks for your continued contributions.

The next few months are shrouded with uncertainty and our stewardship needs to be sensitive to unforeseen demands and we will continue to depend on your donations even more as things unfold. We are also fully aware that our Church is an old building and significant repair costs can be incurred at any time.

With regard to the Diocese as a whole, the latest information is that the financial position is stable, for now the pandemic shock has been absorbed, however the future is still uncertain.

If you have not already set up a standing order or online donation and would like to do so please contact Andy Doyle for details, he can be contacted via the Parish Office for which the number is on the weekly bulletin.

A further significant contribution to our funds is made by the Gift Aid scheme, currently around £8K per year. This excellent scheme costs nothing to join with no complicated paperwork and is of considerable benefit to the Parish. If you would like to join, again, please contact Andy.

I hope and pray that my next annual report in November 2021 will report on a more stable situation, in the meantime, I will ensure you are briefed on any significant financial events if they occur.

Many thanks again for your support during the past year.

John Marsland

November 2020

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