CofE makes more cash than McDonalds and three times as much as Starbucks

The Church of England has an annual income of £1.41 billion, more than half of which was from donations by parishioners, according to a new report.

This is reported by the Mail as higher than McDonald's in the UK and three times as much as Starbucks.

 Sufi Nawaz

The overview of the finances of the established church's 12,000 parishes, 44 dioceses, 41 cathedrals and three central church bodies includes income from the £6 billion investment fund of the Church Commissioners. But this makes up less than 15 per cent of the total, of which 67 per cent comes from parishes. 

The report shows the astonishing continuing generosity of people in the pews. 

Carol Fletcher, church financial planner, said: "Through our investments, trading income and of course the generosity of parishioners, we have been able to continue in our mission to be a Christian presence in every community."

Expenditure in 2013 was slightly higher than income, at just under £1.43 billion. Just over half of this was on clergy stipends, clergy housing and parishes, and cathedral operating costs. The church committed 13 per cent of total expenditure on caring for its buildings.

related articles
Justin Welby to launch monastic community for young bankers
Justin Welby to launch monastic community for young bankers

Justin Welby to launch monastic community for young bankers

Justin Welby launches credit union scheme to defeat payday lenders
Justin Welby launches credit union scheme to defeat payday lenders

Justin Welby launches credit union scheme to defeat payday lenders

Church of England challenges BP and Shell over carbon emissions
Church of England challenges BP and Shell over carbon emissions

Church of England challenges BP and Shell over carbon emissions

\'Putting our money where our mouth is\': Church of England launches credit union
'Putting our money where our mouth is': Church of England launches credit union

'Putting our money where our mouth is': Church of England launches credit union

Welby moves to shift Church's 'ambivalent' relationship with money and 'compete Wonga out of existence'

Welby moves to shift Church's 'ambivalent' relationship with money and 'compete Wonga out of existence'

News
Young people more grateful to God, study finds
Young people more grateful to God, study finds

A new survey has suggested that 18 to 34 year olds are more likely to believe in God and have transcendental experiences.

Nigerian government accused of being in denial about persecution of Christians
Nigerian government accused of being in denial about persecution of Christians

How can thousands of slain Christians not be persecution?

Turkey arrested 115 suspected ISIS members, thwarting Christmas and New Year plots against non-Muslims
Turkey arrested 115 suspected ISIS members, thwarting Christmas and New Year plots against non-Muslims

Turkey has been relatively successful in preventing attacks since 2017.

The pope that is remembered each year on December 31
The pope that is remembered each year on December 31

In many European countries, December 31, also known as New Year’s Eve, is better known as St Sylvester’s Day or simply Sylvester, named after a pope from the time of the Council of Nicaea. This is the story …