Parish Accounts 2007Below you will find links to the Parish Accounts for 2007. There are 2 pages in the Parish Presentation and the layout has been changed slightly this year. The first provides the normal P&L style account for 2007 and is now combined with a Balance Sheet. The second page provides a year-on-year Income and Expenditure comparison with a commentary on the major changes.
When Parishioners donate money for a specific purpose, (Church flowers, the development fund etc), this is held in a separate 'Fund' and can only be used for the designated purpose. These are described as 'Restricted Funds' and income and expenditure for these is shown in a separate report. Similarly, where money is donated to an entity outside the Diocese, that money is reserved and paid out to them as soon as possible. These sums are reported in the Third Party Funds report.
Because the Diocese is a charity, the Diocesan accounts have to comply with the Statement of Recommended Practice, (SORP 2000), put together by the Charity Commissioners. To support this, all our Parish reporting is aligned with the Diocesan standards so that our accounts can be amalgamated into the Diocesan report. The processes and standards are set out in the Parish Administration Manual which can be accessed from the link below.
When tax payers make donations to a Charity, the Charity is able to reclaim the tax paid on the donation under the Gift Aid scheme. In 2007, the Parish increased its income by over £10,000 in this way. The Gift Aid link provides overall details on how the scheme works and the Parish’s Gift Aid Co-ordinator is Ian Dallas. He will be happy to answer any questions and sign you up to the scheme which makes your donations worth 20% more to the Parish. All Gift Aid details are confidential and the Parish has no access to your personal data concerning income or tax arrangements. |
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Parish Accounts 2006Below you will find links to the Parish Accounts for 2006. There are 2 pages in the Parish Presentation - one provides a P&L style account for 2006 and the second provides a comparison with 2005. Where Parishioners donate money for a specific purpose, (Church flowers, the development fund etc), this is held in a separate 'Fund' and can only be used for the designated purpose. These are known as 'Restricted Funds' and income and expenditure are shown in the separate table. Similarly, where money is donated to an entity outside the Diocese, that money is reserved for them and paid out as soon as possible after the collection. These sums are reported in the Third Party Funds table. |
Legacies – a lasting memorial to support the Church
When you make or change your Will, you will obviously be thinking about your family and friends. But you could also make a gift to the Church. For example, you might decide to remember the parish in your Will and here are just a couple of examples of legacies that have been given to parishes in this Diocese:
- St. Joseph's Parish, Brighton – Legacy used to repair external fabric of this listed church.
- St. Charles' Parish Worthing – Legacy used to refurbish and improve the parish hall.
It's up to you to decide how you want to support the Church. The Diocese has provided detailed guidance and this can be found in the link below.
View/print the Guidance on Bequests and Legacies on the Diocese web site (PDF format, 30kb)How Helping The Church Can Help You
If you are single, the Government will take 40% in tax on everything over the Inheritance Tax threshold and that may well affect you if you own property. But everything that you give to the Church as a charity will be tax free, so you can use a legacy to reduce the amount of tax that will be paid.
