Finance

The finance committee is responsible for the parish financial accounting. The finance committee is run by parishioners, who week after week, make sure the parish books are well balanced. The present parish financial officers are; Josephine Ndyanabo, Peter Duru, Chris Anugo and Rev Fr. Sean Connolly.

Gift Aid :

Gift Aid is the scheme used by charities and Donors to reclaim tax on charitable giving. It replaces the old “Deed of Covenant” Scheme – which was for fixed amount giving – and the old “Gift Aid” Scheme – which was for single donations of more than £250.

WHAT DOES THIS MEAN?

It means that if you are a tax payer, the church can reclaim tax on all your donations, increasing income by almost a third again on top of what you give  whether by weekly or monthly offertory, irregular donations, or single one-off donations. Your tax is repaid to charities at the basic rate equivalent, but as long as you have paid enough tax, whatever the rate, then your giving is eligible.

Overall, for every £1 you give the church will get an extra 28p. So if you give £2 per week, that’s £104 in a year coming from your taxed income. If you pay tax at the basic rate of 22%, you have already paid £29.33 in tax on that £104. The church will get that back from the Government.

Or for a single donation of £50, which comes from your taxed income, the church can reclaim the £14.10 of tax you have paid on it.

It applies to income tax or capital gains tax, at whatever rate you pay as long as you have paid sufficient tax for a reclaim to be made. If you pay tax at a higher rate you will receive additional relief.

HOW DOES IT WORK?

You make a “Gift Aid declaration” to the church, or fill out the form below and the church can then reclaim the tax you have paid. There has to be a record of what you give, so we ask you either to use envelopes for cash, give by cheque, or give by bankers order. The declaration will cover everything you give.

Those who already generously contribute to the Offertory are encouraged to complete a Gift Aid form as soon as possible and in so doing, helps the parish maximize its income.

WHAT DOES IT COST ME?

It costs you absolutely nothing! You are giving to the church anyway, this simply asks the Government to redirect to the church some of the tax you have paid to them.

WHAT IF YOU PAY THE TAX AT THE HIGHER RATE?

Better still, if you are a higher rate tax payer. You will receive additional relief, which you will need to claim via your tax code. Seek advice from the Inland Revenue.

WHAT HAPPENS IF I STOP PAYING ENOUGH TAX?

Simply ask the Parish Treasurer to cancel your declaration. If you don’t then you will be sent a bill by the Inland Revenue for any tax claimed by the church that you have not paid. If in future you start paying sufficient tax again, you can make a new declaration.

WHAT SHOULD I DO NOW FOR THE CHURCH TO BENEFIT FROM MY TAX?

Simply print out the Gift Aid form below, fill it in, and send it out to the Parish Office, or you can get in touch with the Parish Treasurer by ringing the Parish Office on 0208 478 1895

Download Form for Gift Aid

Standing Order:

Standing Order Bank Mandate :

Standing orders goes here (content and standing order form)

Download Form For Standing Order Mandate

Legacies :

At St. Stephen’s and St Nicolas Parish – Manor Park, we are doing everything within our powers to make sure that the elderly and the youth in the parish receive the help they need. We are a youthful parish were we believe the youth need help within, in order to keep their faith alive. This could be done by providing healthy grounds were they could play, learn and develop their talents as it should in the world. We are also blessed with an elderly congregation, who have grown, nurtured their talents, but have gone past the ages were there could do everything, by themselves.

We are grateful for all contributions made with regards to these endeavours by the parish, to support the structures so that our children are brought up by the faith.

If you die without making a will, the law decides how your estate will be distributed. Those you wished to benefit may receive nothing at all. Making a will gives you the peace of mind that your assets will be distributed as you would wish.

Making a will is simple, but to make it easier we recommend that you contact a solicitor. We can help you find a solicitor in your area and many of them will give a discount on their normal fees.

Gifts to a Charity are exempt from Inheritance Tax.

Below are samples of wording that may help when deciding on the type of legacy you might make:

Below are samples of wording that may help when deciding on the type of legacy you might make:

For a pecuniary legacy (leaving a specific sum)
I give to St. Stephen’s and St. Nicholas Parish Presbytery, 146 Little Ilford Lane, London, E12 5PJ, Brentwood Diocesan Trust, Registered Charity No: 234092, the sum of £xxx free of duty, such sum to be applied to the general purposes of the Charity, and I direct that a receipt of the Director or other authorized officer for the time being of the Charity, shall be a good and sufficient discharge to my executors.

For a residuary legacy (leaves the balance of your estate after your other legacies have been honoured)I give and bequeath all the residue of my estate OR one (fraction) share of the residue of my estate absolutely to; St. Stephen’s and St Nicholas Parish Presbytery, 146 Little Ilford Lane, London, E12 5PJ, Brentwood Diocesan Trust, Registered Charity No: 234092, such sum to be applied to the general purposes of the Charity and I direct that a receipt of the Director or other authorized officer for the time being of the Charity, shall be a good and sufficient discharge to my executors.

Thank you for considering St. Stephen’s and St. Nicholas parish for your legacy gift. If you wish to discuss any aspect of leaving a legacy to our Charity, contact in strictest confidence the Parish Office on 020 8478 1895.