Information on church finance

All Saints is reliant on its hugely generous parishioners and congregation whose giving monthly, quarterly, annually and weekly and this money is vital in supporting the work of the church.

 

All Saints finance are in a bad way ……

Our General Fund has been in deficit for many years but has been bolstered by money from legacies, but this these have now run out. Covid and not worshipping in the church building have reduced our number of people worshipping and energy prices have more than doubled.

Cutting expenditure is difficult when two thirds of it is for the Parish Share. All clergy costs are paid by the Diocese and we meet that cost by paying what is known as Parish share. It covers their stipend, housing and training costs. We already know approximately what Parish Share we will have to pay in 2024.

Our main source of income has always been giving. Spaceforall will yield more money to pay for things like maintenance and heating but it is early days.

The most effective way to give is regularly through the Parish Giving Scheme and many people are now turning to this for regular giving. There is more information on the web site:  and we will be contacting everyone individually about this.

There is also an immediate problem:  this year the gap between our income and expenditure is going to be £20,000 – that is massive.  We can partly close it by a transfer from other funds, but the PCC cannot see how we can find more than £10,000 that way.

We need not just an increase in regular giving but also £10,000 to Mend the Gap by the end of this year

 

Go to www.allsaintswokingham.org.uk/donate  for the details of how to give or talk to Revd Hannah, Ian Watson, Giving Lead, or the Treasurer, Anne King

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