At the Synod Meeting on 10 October, the Wessex Synod (one of the four wealthiest URC Synods) agreed to support less fortunate (financially) Synods with a loan of £110,000.
SYNOD RESOLUTION 3: Wessex Synod approves a grant of £110,000 from the General Fund of the Wessex Trust to support the URC’s Inter-Synod Resource Sharing for 2021.
Peter Pay writes in the Mission & Ministry Report to Synod:
It is truly amazing the generosity of Wessex congregations during what must have been, for the last 6 months at least, the hardest financial times that our churches have encountered in a long, long time.
The total Wessex contribution for the first eight months of the year is £1,325,046.85, which is only £8,286.48 short of two thirds of the agreed contribution for the year of £2,000,000.
The national picture shows a shortfall of only £237,000 on agreed contributions of £12.19 million for the first eight months of 2020.
Only 12 churches [in Wessex Synod] have found it necessary to reduce their Mission & Ministry (M&M) payments. Also, only a few churches have needed to ask for help from Wessex Trust. … Some offers of a small increase were indeed received.
Currently, our best guess, assuming no unexpected reductions in M&M payments, is that this year Wessex may fall short of its promise of £2,000,000 by between £35,000 and £55,000. The Wessex Trust follows national guidance and wishes to ensure that minsters are paid. It has therefore committed to make up any shortfall although this may have an impact on the size of future grants to churches.