Parish Finances

People often assume that the Church is very wealthy. This may be true in some Catholic countries but in the United Kingdom our parishes receive no state funding and depend entirely on parishioners’ offerings.

Also, a third of our income goes immediately to the diocese to pay for the bishops, central administration, Catholic schools and the other Catholic agencies and organisations. The remaining money is needed to pay for clergy, utility bills for the church, hall and house, repairs and maintenance, insurance and all the expenses associated with the Sacred Liturgy, Catechesis and the various parish activities.

How can I help?

Many parishioners give generously each week and we are very grateful to them. Supporting the mission of the Church, both locally and further afield, is an important aspect of the Christian life. Of course, no one should give more than they can afford, but we need to be realistic about our level of giving and to review this regularly. One suggestion, for example, is to give to the church the equivalent of an hour’s pay each week.

As a charity, the parish can recover the income tax paid by parishioners on their donations. This is extremely important since about £7,000 can be reclaimed from the taxman each year – at no extra cost to you.

To enable us to reclaim the tax, you need only follow the simple steps below :

  1. You must pay income tax in the UK.
  2. You must sign a Gift Aid Form, which can be found in the church porch.
  3. We must be able to verify the amount you give. That means you must give (cash or a cheque) through the envelope system or by standing order. Please see Fr Nicholas for more details of how to do this.

Please click on the ‘Donate to Parish’ section’ to donate online.

A Legacy to the Church

Another way of giving to the Church is under the terms of your will. It is important we plan for what we want to happen to our money and belongings after our death to ensure they go where we want. Obviously, you should first of all make sure your family and dependants are provided for. However, you may then wish to consider making a legacy to the parish (or any other charity). These gifts are not subject to Inheritance Tax. For further information about how to benefit Our Lady of Lourdes and St Michael under your will you can speak to the Legacy Advisory Service at the Diocesan Finance Office (tel. 020 7798 9002). You should then ask a solicitor to prepare the will for you.