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
Being people of peace
Being people of peace

It would be fair to say that the pace and complexity of life works against us finding any peace.

Christians and religious nones alike object to AI-generated social media videos
Christians and religious nones alike object to AI-generated social media videos

Evangelicals, nones and non-denominational Christians reject AI-generated videos, a new study has found.

What we don’t know about Christmas
What we don’t know about Christmas

Every Christmas people are bombarded with images of the Nativity in Christmas cards, the lyrics of songs and Nativity plays. Yet many of the images embedded in our minds are pure tradition. In fact, there is a lot that we do not know. This is the story … 

Richard Moth appointed as new Archbishop of Westminster
Richard Moth appointed as new Archbishop of Westminster

Bishop Richard Moth has been confirmed as the new Archbishop of Westminster, the most senior post in the Catholic Church in England and Wales.