Hello everyone. We are celebrating Palm Sunday and the beginning of Holy Week.
Please join us at Holy Name of Mary Church for a coffee social immediately following Mass this Sunday, April 13th!
Please also pray for those being welcomed into the church in the Sacrament of Baptism at the Easter Vigil - George, Eloise, Thomas and Douglas Bowman.
Avon-Thames Catholic Family of Parishes 2024 Year End Financials
Below is a summary of the 2024 Year-End Financials for our Family of Parishes. These financial statements have been reviewed by both the Diocese of London and our Finance Committee. The Operating Statement and Capital Statement for each Parish will also be shared in the bulletin and Flocknote following Easter. A representative from each Parish Finance Committee will present the key highlights, speak to the figures, and answer any questions during an upcoming Mass at each church. If you have further inquiries, you are also welcome to contact Connie directly at canderson@dol.ca or phone the office at 519-271-6722 Extension 23.
Parish Financial Highlights
Holy Name of Mary:
Holy Name of Mary:
- Overall contributions were up by 1.7%
- Expenses were up by 9.5%
- Assessment is paid to the Diocese at 15% of total offertory
- There were one-time costs that contributed to the increase in expenses (Candle Stand and Family Faith Fest)
- The allocations* increased by 2% in the last half of 2024 which also contributed to the increase in expenses
Immaculate Conception:
- Overall contributions were up by 4%
- Expenses were up by 4%
- Assessment is paid to the Diocese at 15% of total offertory
- We lost rental income from 48 Well in the last half of 2024
- The one-time purchase of the Candle Stand increased our Liturgy costs
- Allocations* decreased by 4% in the last half of 2024, which helped bring the total expenses down
St. Joseph's:
- Overall contributions are up 5%
- Expenses are up 5.7%
- Assessment is paid to the Diocese at 15% of total offertory
- There were boiler repairs completed in the Rectory contributing to the increase of expenses
- Appeal letters and new work stations caused a significant increase to office expenses
- Allocations* increased by 2% in the last half of 2024, which contributed to the increase in expenses
*Allocations are updated every six months for each church. Allocations represent the percentage used to divide shared expenses among the Family of Parishes. These shared expenses include items such as staff salaries, office supplies, and pastoral costs. The allocation is determined by evaluating two key factors over the six-month period: the total dollar amount received through Sunday Offertory (via envelopes, Pllenty, PAD, or e-transfer), and the number of individuals who contributed. Using this data, we calculate a percentage that reflects each parish's share of the overall family expenses.
