{"id":4698,"date":"2020-06-19T10:28:26","date_gmt":"2020-06-19T09:28:26","guid":{"rendered":"http:\/\/southwealdparish.org.uk\/?page_id=4698"},"modified":"2024-08-31T10:04:05","modified_gmt":"2024-08-31T09:04:05","slug":"finances","status":"publish","type":"page","link":"http:\/\/southwealdparish.org.uk\/?page_id=4698","title":{"rendered":"Finances"},"content":{"rendered":"

\"\"<\/a>Like most churches, St Peter\u2019s depends for its income almost entirely on the generosity of its members. It is not financed by the Church of England centrally or by wealth inherited from past generations. Our financial commitments include maintenance of the historic church building and grounds, a substantial contribution to the diocese (which includes the pay of the vicar), and support for charity and community projects.<\/span><\/p>\n
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TO COVER THESE COSTS, ST PETER\u2019S <\/span>NEEDS TO RAISE \u00a33,000 PER WEEK.<\/span><\/p>\n

INCOME<\/strong><\/p>\n

The church receives about 75% of its annual income through the generous donations and support of those who attend the various Church services. Most of the remaining 25% comes from wedding and funeral fees, fundraising during the Patronal Festival Week and F\u00eate Weekend, rent from the Verger\u2019s Cottage and Belli Centre and legacies (which are often given for specific purposes).<\/p>\n

EXPENDITURE<\/strong><\/p>\n

In round terms, one third of our income is spent on the daily running costs and direct upkeep of the church itself, whilst two-thirds pays our \u201cParish Share\u201d<\/a>. This is our contribution to the Diocese of Chelmsford, which covers the stipend, housing, pension contributions and training costs of our vicar, the Diocese\u2019s central services, and support for parishes in financial difficulty.\u00a0 In addition, we are committed to supporting charities outside the church. These charities are chosen annually.<\/p>\n

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As a church we are very grateful for the giving we receive, without which we could not continue. But our current situation means that we are only able to meet immediate demands. <\/strong><\/p>\n

We operate a \u201cbalanced budget\u201d, so there is nothing left for significant future projects including:<\/p>\n