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Treasurers’ Day 25 th September 2015

Learn about the financial journey of Treasurers' Day on 25th September 2015 and how to manage parish budgets effectively. Explore budget history, operating deficits, income versus expenditure, and strategies for financial sustainability.

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Treasurers’ Day 25 th September 2015

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  1. Treasurers’ Day 25th September 2015 2015 DBF BUDGET

  2. Background • Period 2006-2012 – 7 years of deficits • Total reserves used £5m • Unsustainable • Period 2013-2015 – Breakeven budgets • Actual results 2013 and 2014 close to breakeven • 2015 forecast breakeven or small surplus.

  3. DBF OPERATING DEFICIT HISTORY

  4. Budget Timetable • Jan- Apr – Parish survey of membership/category • May-Jun – Departmental budget process • July – Scrutiny of departmental budgets by Finance Group • Aug - Parish survey results input into share model • Sep - Approval of budget by Bishop’s council • Oct – Budget adopted by Diocesan Synod • Nov – Share requests sent out to parishes

  5. 2015 Budget - Income versus Expenditure £11.9m

  6. How much does a stipendiary priest cost in 2015 ?

  7. ParishesAdult Survey membership 2015 • Membership is declining at a rate of just under 2% a year • We need to reverse this decline • Latest declared membership c 22,000

  8. ParishesSocio Economic Categories • Not quite a bell curve – skewed to right • 25% of parishes declared A B C compared with 39% E F G

  9. WHAT DOES IT MEAN FOR PARISHES?AVERAGE PARISH SHARE INCREASE 2015 • Common Fund increase approved by Diocesan Synod • Membership and categories supplied by parishes • Each parish’s increase or decrease will be individual based on their annual changes in membership and category

  10. Parish Share per member in 2015 • D (Mid) £8.84 per week equates to £460 a year • Average weekly increase requested 32p

  11. FINANCE TASKS • Collecting Parish Share – 99% aim for 2015 • Meeting the break-even operating position • Managing and growing the asset base • Keeping the cash flowing in and out, evenly • Maintaining the property portfolio (£55m) • Managing the investments (£35m) • Paying 200 stipendiary clergy / 50 + employees

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