In a nutshell the Church is entirely dependent on the generosity of its parishoners and other members of the congregation for its financial well being. The Parochial Church Council (PCC) has decided, for the sake of transparency and as an aid to setting priorities, to set future budgets based on the experience of previous years. The accounts on which these figures are based are available from the Treasurer.
Our costs/outgoings can be broken down into a number of separate areas:
To pay for this our income can also be divided into separate areas:
It will probably not come as a surprise to hear that our projected expenditure for next year is greater than our income from last year. However we are a very lean operation and by careful husbandry of our resources, and if our existing supporters are able to make a slight increase to their contributions, we should be in a position to keep our finances sound. Each year a letter is sent to all supporters summarising the projected income and outgoings for that year and inviting them to review their committed giving in order to keep the finances sound.