Giving & Stewardship
God is generous to us – in more ways than we can possibly describe. In response we can be generous in every aspect of our lives. This can involve offering hospitality, giving time and using our skills – in our church community and much wider , such generosity is widespread at St Peter’s. Giving is the outworking of faith. Another important area is how we use our money.
What are the financial outgoings of St Peter’s this year?
The total expected outgoing is around £15,600 per month. This does not include the support we may like to offer to other good causes.
There are essentially two areas of these outgoings. These are the:
General running expenses of St Peter’s Church (not including St Peter’s Hall)
This includes heating, lighting, insurance, repairs, maintenance, consumables and administrative expenses. It is anticipated that these will amount to about £5,600 per month. Strenuous efforts continue to be made to keep this figure to a minimum.
This is the amount that St Peter’s passes over to the Diocese of Southwark. This helps to sustain and develop the presence of parish churches and clergy (including our own clergy) across S. London and E. Surrey. Nearly all of this is then used to pay stipendiary clergy and provide housing, and pensions, together with the training of clergy – both stipendiary and self-supporting ones. The amount used for diocesan administration is a very small proportion. This year our pledge is about £123,000. This figure was calculated using the fairer shares scheme.
Fairer Shares Scheme
During 2011 the members of our congregation were asked to complete an anonymous survey indicating their income band. A summary of the data went to the diocese together with similar statistics from other parishes. From all this the diocese calculated the amounts due from each parish that would be in proportion to their ability to give and would, in total, cover the diocesan budget.
How does St Peter’s raise its income?
The major source of income is the donations from church members. Other components are fundraising, and fees from weddings and funerals. A healthy parish seeks to cover its essential outgoings from basic regular giving, so that it can use any other income for imaginative initiatives or charitable purposes.
What is proportional giving?
This is giving a certain percentage of our net income. It is the scriptural way to give. The Old Testament ‘tithe’ is 10%. Some people do this by giving 5% to a variety of favoured good causes and 5% to the work of the church. In 1985, the General Synod asked all members of the Church of England to aim at giving 5% of their take-home, or net income “to and through the Church”. This aim was reaffirmed in July 2000.
The table below will help you to see what proportional giving may look like in relation to your net monthly income. For example, someone with a net monthly income of £1500 who is giving £30 per month (bold in the table) would be giving 2% per month.
|Monthly net income||1%||2%||3%||4%||5%|
|£ 500||£ 5||£ 10||£ 15||£ 20||£ 25|
|£ 700||£ 7||£ 14||£ 21||£ 28||£ 35|
|£ 1000||£ 10||£ 20||£ 30||£ 40||£ 50|
|£ 1500||£ 15||£ 30||£ 45||£ 60||£ 75|
|£ 2000||£ 20||£ 40||£ 60||£ 80||£ 100|
|£ 2500||£ 25||£ 50||£ 75||£ 100||£ 125|
|£ 3000||£ 30||£ 60||£ 90||£ 120||£ 150|
|£ 4000||£ 40||£ 80||£ 120||£ 160||£ 200|
|£ 5000||£ 50||£ 100||£ 150||£ 200||£ 250|
Amount given per month
How might you respond?
Using this table you may be able to work out your own percentage level of giving. If it is less than 5% then, starting from where you are, you may ask yourself whether you can increase your giving by 1%, 2% or even 3%. If one big jump is too much then perhaps consider moving a little to the right in the table this year and a bit more next year. We realise this may not be possible for everybody.
How can I give?
The preferred method is the planned giving scheme: amounts pledged are normally paid directly to the bank on a monthly basis, or, if this is not possible, then they may be given by cash or cheque with the envelope scheme.
Furthermore those who pay some income tax may opt to have their donations covered by Gift Aid. This only requires ticking a box on a form and does not involve any communication with the tax office. The result is that every £1 donated enables our Treasurer to claim 25p back from Inland Revenue. Higher rate tax payers will also find their own tax bill reduced if they show the donations on their tax return . At the back of the church are information packs about how to set up a standing order.
It is of course also possible to give informally by putting cash in the collection plate but this does not enable the church to plan ahead. If you would like to consider changing your giving arrangements please talk to our Treasurer who will be able to give you any information you need.
Thank you for reading this. The decision is entirely yours and no pressure will be brought to bear! All information about donations is totally confidential and known only to our Treasurer and the Gift Aid Secretary.
The future of St Peter’s and the wider church depends on faith and money. It is our response to God’s gifts to us.
Please pray about this.
If you have any questions or would like further advice, please contact our Treasurer David Stewart or our Rector James who will be happy to help.
David Stewart, Treasurer: firstname.lastname@example.org
James Percival, Rector: email@example.com