The parish needs financial resources if we are to be effective in our mission to love God, love our neighbour and make disciples of Jesus Christ. The financing of the mission, ministry and maintenance of the Church of the Most Precious Blood is dependent on everyone in the Church family making a serious commitment.
We give by grace rather than by following a law but we are all called to give generously. Tithing is the level of giving set in the Old Testament; a tithe is one tenth or 10% of income. It is a commitment to which we might all aspire but which is not always achievable.
However, as part of our worship and offering to God it is still helpful to commit to giving a fixed percentage of our income. Pray about it, seek God’s guidance, make a decision and stick to it whether it is 2.5% (one fortieth or roughly an hour’s worth of pay each week), 5% or 10%.
Using a percentage figure means that we all give in proportion to what we have. The responsibility is ours and it applies to us all whether we are living on income from employment, benefits, pension, savings or investment income.
Giving regularly in this way is known as “Planned giving” and reflects a serious commitment from you to your own Christian discipleship. Through it you also play your part in supporting God’s work and mission in this parish and the wider world.
Where does my money go?
The parish does not receive support from central church funds or from the state. Each Parish must be financially independent and also contribute to the running costs of the Diocese.
Your giving also helps to maintain and improve the building, to promote the dignified worship in this place and to support the clergy. It supports our mission and evangelisation, the work with young people and supports charitable work.
The accounts are scrutinized by the Finance Committee and itemise income and expenditure.
How can I do my part?
You can set up regular monthly contributions either through Internet banking or by standing order. Monthly direct giving helps us to budget effectively and it also helps you to prioritise your giving. It avoids the need for you to find cash for the collection each week and also reduces the work and security risks associated with handling and banking cash for the Church.
For tax-payers, using bank transfer or standing order allows us to reclaim the tax and increase the value of your donation to the Church if you complete the Gift Aid declaration overleaf; this adds 25% to the value of your gift.
The Gift Aid Scheme
Gift Aid is tax relief on money donated to UK charities. The church can reclaim the tax that you have already paid on your income and so increase the value of donations. Most of us pay some tax on our income, benefits, pension, savings or share dividends and can therefore use the scheme. The rules state that donors must:
A note to higher tax payers
Higher rate (40%) taxpayers can themselves also reclaim a further £20 on a gift of £80 from HMRC by completing a Self-Assessment tax return. The net cost of giving £100 to the Parish is therefore only £60 for higher rate taxpayers.
Telephone and on-line banking
Parish Bank details
Sort code: 60 50 01
Account no: 36249572
Account: RCAS BOROUGH