The Parish is funded by the generosity of its parishioners and requires around £900 per week to cover our routine running costs and an annual £15,000 levy to the Diocese. As with any other endeavour there is a continuing need to increase our income and ensure value for money in our expenditure in order to keep up with ever increasing costs, particularly relating to the maintenance of an historic building.
Just over half of this income comes from regular donations under the ‘planned giving’ scheme which benefits from the refund of income tax under the government’s ‘Gift Aid’ scheme. Using ‘Gift Aid’ boosts our income by 25p in every pound at no cost to the Parish or its parishioners. ‘Gift Aid’ can be applied to all contributions whether by bank standing order (the preferred method) or as part of a loose collection, all that is needed is a signed declaration and a record of what has been contributed.
The Parish Finance Committee therefore wishes to increase the percentage of our income that is subject to ‘Gift Aid’. As an example, a ten percent increase in use of ‘Gift Aid’ would increase our income by £1100 per year. Further details …
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