Giving to Widford Parish
Giving to Widford Parish
An update on 29th September 2022
An Update of the Parish Finances
Widford Parish, like all churches depends on its members to give generously to enable the work in the Parish to continue. Nothing is taken for granted and we are thankful to God for all that we receive to enable the work to continue.
The budget for 2022 was set at around £98,000 of which we hope to receive a total of £84,000 from the parishioners. £56,800 of this is our parish share, which pays for us to have Stephanie as our Priest in Charge, and then all the other associated costs of the diocese, training, housing, safeguarding etc.
Last year we had a small surplus.
By 15th September we had received £54,700, which is 65% of the total budgeted for, whilst we were about 70% of the way through the year. So, we are slightly behind expected income. Whilst it is true that our expenditure of £61,000 (61%) is also not at budget there are quite a few larger payments due as we end the year. We hope to meet our budgeted income and expenditure and are significantly helped by hall hires and car parking at both St. Marys and CHS.
I am hopeful that we might meet all our necessary costs this year, we must not be complacent. Both this year and last we received a number of significant one-off donations that enabled up to meet our budget. Without these we would have struggled to meet our costs and looked to our reserves to meet the deficits.
There are a number of ways listed below, but everyone has a way that best works for them.
Others may consider making a deposit direct to the church bank account details of which are detailed below:
Account Name: Widford Parish PCC
Sort Code: 08-92-99
Account number: 65986017
With these details, you can do this online or at your bank.
However you give, if you are a tax payer, and would like the church to receive an extra 25% on top of your donation, then please do fill in a Gift Aid Form, so that we can claim this back for HMRC.
HOW CAN I GIVE TO WIDFORD PARISH?
Members of Widford Parish contribute to the life and work of the church in many ways. Whilst the information below relates to financial giving, other pages on this site explain the variety of ways you can get involved and contribute to life and work of Widford Parish.
There are several ways to do this:
- The Parish Giving Scheme. This is a new venture which is being used extensively by the CofE. Information about it can be found by clicking here. We hope that as many as can will utilise this method which saves us time and energy as an administration team. Please contact the office for more details.
- By setting up a standing order with your bank – if you would like details on how to set this up, please contact the Parish Office, or click here.
- Through your employer’s payroll giving scheme ‘Give As You Earn’ (GAYE only applies if your employer runs such a scheme – your Human Resources department can provide details on this. For higher rate tax-payers then please also see the section below under ‘tax efficient giving’).
OTHER WAYS TO GIVE
- A regular offering is taken at all our Sunday services. Please use the giving envelopes provided. If you need some Gift Aid envelopes, please ask a church warden for one. Single donations of up to £30 are now eligible for the Gift Aid for Small Donations Scheme.
- If you would like to send us a cheque, please make it payable to Widford Parish PCC and put it in the weekly collection plate or send it to the Parish Office at this address.
Church of the Holy Spirit
& Widford Parish Office,
You can give via Facebook Donate by clicking this button
or scan this qr code with your smart phone:
TO LEAVE A LEGACY
TAX EFFICIENT GIVING
- If you pay UK tax (Income or Capital Gains Tax) and would like us to be able to claim back the basic rate tax through the government’s gift aid scheme, you will need to fill in, sign and return to us an ongoing Gift Aid declaration if you have not done so already. The benefit to Widford Parish is that we can recover the basic rate of income tax, currently 25p for each pound given at no extra cost to you. (If you pay higher rate tax, you may recover this through your own tax return.)
- Higher rate UK tax payers and payroll giving: if you pay higher or additional rate tax, you may recover this through your own tax return, alternatively, you may pass on this extra tax to Widford Parish by giving via your employer’s payroll giving scheme (Payroll Giving).
- If you are a UK higher rate (40%) or additional rate (45%) income tax payer and you give to Widford Parish directly and allow us to reclaim the basic rate tax through Gift Aid then you may recover, through your tax return, the difference between the basic rate tax that Widford Parish recovers and higher or additional rate that you have paid. Alternatively, if you give via Payroll Giving then, because you are giving “pre-tax”, you are able to pass on the full benefit of your tax to Widford Parish immediately; so if you are a higher rate taxpayer Widford Parish will receive 42p more per £1 of donation and for additional rate taxpayers, Widford Parish will receive 57p more per £1 of donation than if you give through Gift Aid. Because these donations are made “pre-tax”, Widford Parish does not have to reclaim the tax that you pay via Gift Aid, this means that you have to build in the “tax-back” element to your donation.
- For example, if you are a higher rate taxpayer and currently give Widford Parish £300 a month, Widford Parish is able to claim £75 of your tax back via Gift Aid. If you donate £500 via Payroll Giving you will receive £300 less pay each month, meaning your £500 donation will cost you the same as your current giving, but Widford Parish will receive £125 more. The same result can be achieved by you filling in a self assessment tax return and re-claiming the difference between the tax recovered via Gift Aid and the tax that you have actually paid but requires you to actually fill in a tax return and takes longer for the gift to be received.