2023

Our Lady and St Joseph (Stanford Le Hope) Finances commentary.

1. 1  Our income is falling short of our expenses resulting in net losses

2. 2  We could boost our income by depositing using Gift Aid, (for those paying Income Tax) which enables us to claim refunds of 25p from HMRC

3. 3  The majority of the Parish's expenses are fixed costs and very minimal discretionary costs that we can do without. Since our costs are fixed costs, we ought to

4. 4  Given the rise in the cost of living in the UK, expenses will go up, thereby further worsening our financial position.

5. 5  The Finance Committee would like to encourage parishioners to set up direct debits from their bank accounts or to use Gift Aid envelopes to enable the Parish to

6. 6  The Parish is appealing to parishioners to increase their offertory so that we can sustain ourselves.