MONKSTOWN - PASSAGE WEST - RINGASKIDDY - SHANBALLY

How our Parish Finances work

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Like any other parish, our parishes depend on the voluntary offerings of our parishioners to meet the running costs of the parish and the services and ministries we offer.  Traditionally the bulk of our income derives from the collection at Sunday Masses.  Other traditional streams of income include offerings for Shrine Candles, Bequests from Wills, Donations and Fundraising Drives.  In recent years, for example, parishioners have responded very generously to fundraising campaigns to support the renovation of the Oratory in Ringaskiddy, the upgrading of Shanbally Church including a new floor and the painting of the interior, renovation works in St Mary's Church in Passage West including the resurfacing of the Church grounds, remedial works to prevent dampness, renovation of the toilet area and the painting of the interior and exterior of the Church.  Shortly we hope to begin a fundraising campaign to offset cost of the installation of an access-for-all toilet and ancillary services in the grounds of Monkstown Church.

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All monies received in our Sunday Collections and as donations go directly to meet the running costs of the parish.  The priests of the parish do not receive any money from these collections but from separate offerings from parishioners which are detailed below.

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Each parish in the diocese pays a levy of 10% of its Sunday Collection to the Cork & Ross Central Diocesan Fund to help fund the running costs of the diocese and the services it provides.  Each parish also pays a levy of 8% of its Sunday Collection to the 'Cork & Ross Priests' Benevolent Fund' which provides for the care of retired priests and those who are ill.

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In recent months we have created new opportunities for parishioners to donate to the parish, such as online donations and standing order.  The focus of these new initiatives is not to ask people to give more but rather to create new ways for people to contribute in ways that best suit them.  We thank all those who support our parish financially.  Please click on the links below for a summary of our Annual Financial Reports in recent years.  Please note that while the Harbour Parishes functions as a single pastoral unit, for the purposes of administration we are required to keep separate accounts for Passage West Parish and Monkstown Parish [which incorporates Monkstown, Shanbally and Ringaskiddy].  Each parish has its own Parish Finance Committee, made up of clergy and lay people, who oversee the parish finances and approve any capital projects in advance.   Please click on the links below to see the Income & Expenditure Reports for each of our parishes for 2018 and 2019.  Our Annual Financial Reports are prepared by PF Lynch & Co Accountants and submitted to the diocese each year as part of our obligations to the Charity Regulator's Office.