Where The Church's Money Comes From
Nearly two-thirds (£600 million plus) comes from the
- Church people promise to give a certain amount in a
regular and planned way, either through weekly envelopes or
banker's order. Many who pay income tax also complete a Gift
Aid declaration so that the church can claim back the income
or capital gains tax they have already paid.
- Others contribute in one-off sums through the Gift Aid
scheme and some straight from their wage packets through
Payroll Giving. Then there are the collections that are taken
in church and gift days.
- In addition to giving during their lifetime, some agree
to leave a proportion of their assets to the church (either
locally or nationally) through a legacy in their Will.
- Fund-raising activities, such as jumble sales and fetes
are held in many parishes. Some give the money raised in this
way to other charitable work.
- Part of the fees paid for weddings and funerals goes to
- Visitors make contributions and there is the rent from
letting church halls. The church also receives income from
any profit on the parish magazine and/or church
- Tax is recovered on Gift Aid payments.
- Money invested provides income through interest or
- Grants (perhaps from the local council towards the upkeep
of the churchyard) and income from special trust funds.
- From time to time churches appeal for funds for special
projects, such as new buildings or repairs.
Just under a fifth of the Church's money, about £170
million each year, comes from the Church Commissioners:
- The Church of England has been fortunate in having the
income from historic resources to help fund it.
- The Church Commissioners was set up by Parliament and the
Church to be responsible for the investments and the property
the Church has owned for, in some cases, almost 1,000
- Until these assets were looked after centrally, the
wealth of the Church was not fairly distributed and, while
some clergy were well off, some were a lot poorer.
- The Commissioners' primary responsibility is to manage
the investments entrusted to them to maximise the financial
support for the ministry of the Church of England, especially
in areas of particular need or opportunity.
- The Church has, over the years, given them additional
responsibilities and asked them to look after matters related
to clergy housing, pastoral reorganisation and boundaries
between parishes and dioceses, redundant churches (which to
close and what use to put them to), administering clergy
stipends and meeting the cost of pensions earned until
The rest of the Church's income comes mainly from
investments held by dioceses and cathedrals.
Parishes will seek grant funding for special projects and
one source is the Church's own fund, the Central Church
Fund, which provides grants for innovative projects.