Guidance for clergy and Select Vestries
An economic downturn poses challenges for everyone. Whilst those who lose jobs are likely to be hit the hardest, those building up a pension fund will have seen the value of their fund reduce, whilst those living off the interest from previous savings will almost certainly have less interest income coming in.
So, how can the principles of Christian Stewardship be maintained during an economic downturn?
“Stewards in a Slump” – see below – offers seven reflections :
• Count your blessings – recognising that God provides for us
• Count your cash – the importance of budgeting
• Learning Contentment – focusing on what we have, rather than what we haven’t got.
• Simpler Lifestyles – using the downturn to remove clutter from our lives
• Keep on Giving – maintaining our support for God’s work – through the church and through other charities
• Rebuilding Generous Communities – valuing others around us, and seeking practical ways we can help.
• A Financial Downturn can be a Spiritual Upturn – how tough economic times might bring us closer to God.
Surviving the credit crunch : A parish action check list
The following advice is given on the Parish Resources web site – address below:
The checklist below seeks to help parishes manage their finances through the recession. A version for PCC (Select Vestry) discussion without links is available for easy download in pdf format.
Firstly, it’s important to keep on doing the right long term things……
1. Preach and teach regularly on money, stewardship and giving issues. There are a range of resources available on te Parish Resources site, including a new booklet called ‘Stewards in a Slump’.
2. Ensure that you help people connect their giving with the mission and ministry that arises from it. The Annual Easter Vestry Meeting is a good time to do this, as are thank you letters (see 4. below) and annual giving reviews (see 3. below)
3. Encourage church members to review their giving at least once a year. This helps us adjust our giving to how our individual financial situation has changed over the last twelve months.
4. Write to your givers once a year to say thank you, and to let them know what has been achieved over the past twelve months.
Next, four things to avoid being caught out by the credit crunch…..
5. Monitor income and spending more closely than usual. If you don’t produce a written budget, you don’t know where your money should be going! Progress should be reviewed at each Vestry meeting.
6. If necessary, review your priorities for spending.
7. Have a push on Gift Aid. (UK) Whilst most of your regular givers who are taxpayers may already be giving by Gift Aid, there may still be some who could give under Gift Aid. (click for a suggested template ) HMRC have simplified the claims process for smaller one-off donations which makes them much easier to process. (click for guidance)
8. Check your utility bills. This is a significant cost, and utility prices are falling. You may be locked into a contract and need to escape from this when the contract is due for renewal. (click for guidance on this)
Finally, if you’ve done all this, and are still facing a deficit this year….
.
9. Consider whether to run a Special Appeal as a one-off event. Whilst it’s right for the Church to encourage regular, planned giving, there are a number of reasons why church members may respond to an additional one-off appeal. It is important to position these events carefully, and a special guide has been produced.
http://www.parishresources.org.uk/checklist.htm