Parish Finance Committee

 

Your Parish Finance Committee consists of our Parish Priest, Richard Marke (Chair), Colin Sheridan, Jim Sherry, Michael Gage and Vin Madden. New members are always welcome (if you would like to serve please contact Richard Marke at treasurer@stmarysbath.org.uk).

Your Committee is responsible for all financial matters relating to the Parish.  It has a Constitution and a set of Duties and Responsibilities.  Both of these documents can be accessed on our website.

Each year your committee sets a budget in consultation with the Property Development Group. The one for 2018 is on this website. We also produce the accounts for the parish and those for 2017 are on this website.

In January 2018 we finally settled with our insurers following the fire of July 2015. The total costs of the fire was £853,002 of which the insurers paid us £773,832, leaving us with costs of £79,170. These costs of £79,170 include the new fire exit but do not include the cost of the revamped entrance and new confessional, the cost of these two items was £67,348. They were not part of our fire insurance claim as we intended doing this work before the fire.

The generosity of our parishioners has been staggering. Because of the fire, we received donations of £78,120 towards those costs whilst still keeping the normal offertory giving at pre fire levels. It is worth mentioning that the fire was dealt with by the parish with almost no cost to the Diocese. Quite a reflection on the dedication of the parish!

Your Committee is concerned that the income of the Parish is not sufficient to pay for all the costs arising from running the Parish.  We have prepared a document (which is available on the website) which shows in detail the cost of running the Parish with an explanation of all the costs. Our Parish costs £7.50 per week for each parishioner (£15.00 per week per married couple). Currently those parishioners not paying by standing order or through our envelope scheme are each donating £2.58 per week. This leaves a massive hole in our finances.

Legacies are always most welcome and are a considerable help in dealing with major expenses of the Parish.  Parishioners wishing to leave a legacy in their wills can use the suggested wording available as a document on our website.

If you would like more information about our finances please email Richard Marke at treasurer@stmarysbath.org.uk or write or phone him at the Parish Office.