In particular the Finance committee is concerned with the planned giving income and the decision of the amount of the Common Fund allocation to the Diocese and the allocation to charities. They work closely with the Planned giving committee whose role is to enhance and develop our major source of income as much as possible. The parish has significant financial activities.

We are worth about half a millions pounds, and we have an annual income and expenditure of about one hundred and fifty thousand pounds. The Finance committee tries to make sure that we run our financial affairs wisely.

The Finance committee meets three or four times a year to consider money matters and to make recommendations to the PCC. It considers the accounts in detail before they are submitted to the PCC and the parish, and towards the end of each year it prepares a budget for the next year.

The parish receives and spends about £150,000 each year. Our chief source of income is from the regular giving of the members of the Planned Giving scheme, which together with the tax refund that we can recover on this money, brings in nearly 70% of our income. We also receive income from donations and fund raising activities, and by hiring out our hall.

Our major expenditure is our contribution to the Common Fund of the diocese. We give about £60,000 each year, which covers the costs of our parish priests and their housing, as well as the costs of the national church. We also need to spend on maintaining the church and the hall buildings. We also give grants to other charities, both locally and abroad; we have a policy to spend 10% of our general income in this way.