Finances at St. Luke's
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Direct Bank TransferYou can set up a one off transfer to St. Luke's or a standing order using the following bank details.
Bank Name: CAF Bank Ltd. Sort Code: 40-52-40 Account Name: PCC of St. Luke's Parish Ramsgate Account Number: 00015701 |
Frequently Asked Questions:
Updated August 2022.
How much does it cost to run St. Luke’s?
Our budget for 2022 is £73,000 that’s over £6,000 per month and £1,400 per week.
Where does St. Luke’s money come from?
About £70,000 of this needs to come from the giving of St. Luke’s members. We are expecting around £56,000 of planned giving this year and as of July we have received around £5,500 in collections and one-off gifts. So, we still need to raise at least £8,500 additional giving in 2022.
Where does all this money go?
£52,000 goes towards our parish share, which is money we pay to the Diocese. Most of this is to pay for the housing, stipend and pension of the vicar, some towards the cost of training new vicars including paying for curates and some towards central Diocesan administration.
The other major costs are for parish administration (£6,000), publicity and mission (£2,000) and for the cost of maintaining and running our buildings (£13,000).
Why is it important to fill in gift aid forms?
If you are a tax-payer, then the government donates to charities the tax you would have paid on the money you give. So, for every £1 you give, the government gives 25p. That means if you are a tax-payer and donate £100, the charity will gain £125. This makes a significant difference to the amount we receive from people’s gifts.
Who knows how much I give?
Our policy at St. Luke’s is that as few people as possible know how much individuals give to St. Luke’s. In practice only the treasurer has access to all this information, but those involved in counting money may also have access to some information about how much is given by individuals. However, this information is not shared with anyone else. In particular the vicar has no idea how much people give.
Isn’t the church rich?
The national church has a lot of money, but most of this is put aside for the future pensions of clergy. They are releasing some money to support mission projects and poorer areas. In the last two years we have received grants of £10,000 to help us through the financial problems caused by Covid. We plan to use the £10,000 grant this year to pay off the debt accrued on the church hall, because of lost bookings during the pandemic. We are also grateful to those who have left money to St. Luke’s in their wills. This type of gift will be used for Capital projects to improve our buildings rather than to pay for ongoing costs.
How much does it cost to run St. Luke’s?
Our budget for 2022 is £73,000 that’s over £6,000 per month and £1,400 per week.
Where does St. Luke’s money come from?
About £70,000 of this needs to come from the giving of St. Luke’s members. We are expecting around £56,000 of planned giving this year and as of July we have received around £5,500 in collections and one-off gifts. So, we still need to raise at least £8,500 additional giving in 2022.
Where does all this money go?
£52,000 goes towards our parish share, which is money we pay to the Diocese. Most of this is to pay for the housing, stipend and pension of the vicar, some towards the cost of training new vicars including paying for curates and some towards central Diocesan administration.
The other major costs are for parish administration (£6,000), publicity and mission (£2,000) and for the cost of maintaining and running our buildings (£13,000).
Why is it important to fill in gift aid forms?
If you are a tax-payer, then the government donates to charities the tax you would have paid on the money you give. So, for every £1 you give, the government gives 25p. That means if you are a tax-payer and donate £100, the charity will gain £125. This makes a significant difference to the amount we receive from people’s gifts.
Who knows how much I give?
Our policy at St. Luke’s is that as few people as possible know how much individuals give to St. Luke’s. In practice only the treasurer has access to all this information, but those involved in counting money may also have access to some information about how much is given by individuals. However, this information is not shared with anyone else. In particular the vicar has no idea how much people give.
Isn’t the church rich?
The national church has a lot of money, but most of this is put aside for the future pensions of clergy. They are releasing some money to support mission projects and poorer areas. In the last two years we have received grants of £10,000 to help us through the financial problems caused by Covid. We plan to use the £10,000 grant this year to pay off the debt accrued on the church hall, because of lost bookings during the pandemic. We are also grateful to those who have left money to St. Luke’s in their wills. This type of gift will be used for Capital projects to improve our buildings rather than to pay for ongoing costs.
Gift Aid
If you want to Gift Aid this gift, then please let our treasurer know by filling in the form below and clicking 'Submit'.
You will need to copy the following into the comment box below and add your name and address:
Please treat as Gift Aid donations all qualifying gifts of money made from the date of this declaration and in the past four years. I am a UK taxpayer and understand that if I pay less Income Tax and/or Capital Gains Tax than the amount of Gift Aid claimed on all my donations in that tax year it is my responsibility to pay any difference.
Full Name :
Address:
Postcode:
Amount:
You will need to copy the following into the comment box below and add your name and address:
Please treat as Gift Aid donations all qualifying gifts of money made from the date of this declaration and in the past four years. I am a UK taxpayer and understand that if I pay less Income Tax and/or Capital Gains Tax than the amount of Gift Aid claimed on all my donations in that tax year it is my responsibility to pay any difference.
Full Name :
Address:
Postcode:
Amount:
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NOTES: 1. Please notify the church/PCC if you:
• Want to cancel this declaration • Change your name or home address • No longer pay sufficient tax on your income and/or capital gains. Gift Aid is linked to basic rate tax, currently 20%, which allows charities to reclaim 25p for every £1 donated. 2. If you pay Income Tax at the higher or additional rate and want to receive the additional tax relief due to you, you must include all your Gift Aid donations on your Self-Assessment tax return or ask HM Revenue and Customs to adjust your tax code. |
