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The Diocesan Budget Explained 2014

The Diocesan Budget Explained 2014. Supporting the mission and ministry of the Diocese of Rochester www.rochester.anglican.org.

galvin-dudley
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The Diocesan Budget Explained 2014

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  1. The Diocesan Budget Explained 2014 Supporting the mission and ministry of the Diocese of Rochester www.rochester.anglican.org

  2. Each year the Diocesan Synod approves a budget for diocesan expenditure. This includes the cost of deploying our clergy as well as other national and local costs in support of our mission and ministry in our communities. This presentation summarises and explains the 2014 budget for the Diocesan Synod. Drawing up the next year’s budget happens through the middle part of each year with the involvement of the Bishop’s Council as Directors of the Diocesan Board of Finance, advised by the Finance Committee, Team Directors and members of diocesan staff. Each item of expenditure is carefully scrutinised in the light of priorities set by the Bishop and the Bishop’s Council.

  3. Diocese of Rochester – 2014 Budget • Parish contributions to clergy costs (54%) £6.40M • Glebe/investment income for clergy costs (6%) £0.75M • Other income for Diocesan work (6%) £0.63M • Grants/special funds/reserves etc (6%) £0.74M • Parish Share (28%) £3.24M _______ Total income £11.76M (all figures in £Millions)

  4. Diocese of Rochester – 2014 Budget • Clergy stipends/pensions/ training (69%) £8.04M • Clergy housing (12%) £1.44M • Mission & Ministry support teams (7%) £0.85M • National Church responsibilities (4%) £0.44M • Other diocesan support for ministry (7%) £0.84M • Lay pension scheme deficit (1%) £0.14M • Diocesan projects/ events (<1%) £0.01M _______ Total expenditure £11.76M (all figures in £Millions)

  5. Our expenditure explained • £9,471,600 Funds the stipends, housing pensions and training of our clergy and all related costs Includes national and local costs of selecting and training candidates for ordination. • Direct contributions to ‘stipend’ cover £6,394,100 of these costs (67.5%) • £750,000 (7.9%) is funded from investments • £2,327,500 (24.6%) is funded from Parish Share or other sources • Parish ‘stipend contributions’ do not in fact cover the full cost of deploying a minister even when paid in full

  6. Our expenditure explained • The estimated average costs of deploying a full-time minister in our Diocese in 2014 are: *includes council tax, and water rates paid by PCCs as well as repairs, improvements, insurance and admin, etc., paid by the DBF

  7. Our expenditure explained • £853,600 Funds our teams which give support, advice and training for local mission and ministry This covers such things as: • Clergy continuing ministerial development • Training and development for lay ministries • Support in youth and children’s work* • Training and support in evangelism, church growth and community engagement • Communications advice and support *Our work with church schools is almost completely funded from educational trust income through the Diocesan Board of Education

  8. Our expenditure explained • £445,700 Funds our contribution to the national church This covers such things as the work of General Synod, the Archbishops’ Council and the House of Bishops including: • The Mission and Public Affairs Division relating the Christian faith to issues of national concern in Parliament and other national bodies • The Ministry Division overseeing ministerial training and development at national level • The Cathedral and Church Buildings team seeking to influence national policy and encourage creative use of our buildings for missions, worship and service • Support for clergy retirement housing

  9. Our expenditure explained • £843,500 Funds all our other diocesan support services Including: • The Diocesan Advisory Committee (DAC) fulfilling our statutory obligations in relation to church buildings, and offering advice and support over development projects • The Diocesan Chancellor and Registrar and other legal support for parishes • Stewardship support for parishes and the diocesan accounts team • Safeguarding and other advice • Costs associated with various diocesan bodies, administration and trusteeship roles At present we also have to set aside a further £137,400 to fund the accrued deficit on our pension scheme for lay diocesan employees

  10. Our expenditure explained • £6,000 Is being set aside for various diocesan events We had been setting aside money into a Diocesan Development Fund to help fund major new initiatives such as the establishing of a Christian presence in areas of significant housing growth, but as there is a considerable sum set aside already, it is not being carried out in 2014.

  11. Diocese of Rochester – an overview

  12. Just as each of us has one body with many members, and these members do not all have the same function, so in Christ we who are many form one body, and each member belongs to all the others. (Romans 12:4 and 5)

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