Our Parish Finances

As a result of the recession and the sharp fall of the pound against the euro, many people have had to tighten their belts or re-think their finances. None of us are immune to the effects of the financial changes that have taken place, and we must keep in our prayers those who will be really struggling to make ends meet.

The Church is also not immune to these changes and we have to give some serious consideration to the financial situation of the parish of St Laurence here in Lanzarote. Most of our income comes from week on week giving through collections taken at services, together with the contributions of those who give on a regular basis and those who are willing to Gift-Aid their giving.

In 2006 our parish finances only broke even, and in 2007 we incurred a deficit of over £7000, with the attendant danger of having to eat into precious reserves needed both for future contingencies and for the development of our ministry on this island. The value of these reserves has already been affected by the recession and the fall in the value of the pound. In 2008 and 2009, thanks to the magnificent efforts of some of our parishioners and fund raising activities, we have produced a small surplus (see our Accounts Summary of 2009 income and expenditure).

None of our income comes from Diocesan sources. On the contrary, we have to contribute to the running costs of the Diocese, and we have to be self-sufficient as a parish. Unlike clergy in the UK whose stipends are paid from Central Church Funds, the Chaplain’s stipend and other expenses have to be paid from our own resources.

The Church Council has identified the need to broaden the future ministry of St Laurence in the four priority areas of youth, welcome, lay leadership and a full-time chaplain. The practical and financial implications of these challenges are now being addressed by the Council, but they will inevitably add to our future costs. If you would like to help us ensure a forward looking and financially viable Church now and for the future, please see our Gift Aid page for more details of scheme and of other means of regular giving.