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Budget Consultation

Budget Consultation. Oliver Home Diocesan Secretary Matthew Hall Finance Manager. Purpose. Invite views and feedback Increase understanding Your input into the overall budget process. Timetable. Budget Consultations – July 2014 Initial budget to Diocesan Synod – 20 September

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Budget Consultation

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  1. Budget Consultation Oliver Home Diocesan Secretary Matthew Hall Finance Manager

  2. Purpose Invite views and feedback Increase understanding Your input into the overall budget process

  3. Timetable Budget Consultations – July 2014 Initial budget to Diocesan Synod – 20 September Budget Committee – 30 September Approval by Bishop’s Council – 4 November Final budget to Diocesan Synod – 6 December

  4. Strategy 2010-15 High clergy turnover Managing change Reconfigure central support Redistribute stipendiary deployment Increase in new ministers

  5. Strategy 2010-15 Anticipate initial reduction in Parish Share Increase in non-Parish Share income Meet transitional costs from reserves

  6. The Diocese in numbers 2 Bishops & 1 Archdeacon 7 deaneries 164 parishes 204 churches 30,000 regular attendees 68 church schools 210 clergy (incl.120 paid) 33 staff in the Diocesan Office (some part-time)

  7. Context This budget covers the Bristol Diocesan Board of Finance Ltd (BDBF) The BDBF pays for clergy, their housing, training & development It also pays for training curates

  8. Context The BDBF pays for support services, including: Education, Higher Education, Vacancy Development, Ecumenical Officer, Archdeacon, DAC, Safeguarding, Communications, Finance and HR

  9. The story so far…

  10. Results for 2013 Approved by Diocesan Synod Income = £7,356k Expenditure = £(7,550)k Deficit = £(194)k Mission Fund = £100k Deficit = £(94)k

  11. Results for 2013 Actual results (excl. restricted) Income = £7,356k £7,286k Expenditure = £(7,550)k £(7,526k) Deficit = £(194)k £(241k) Mission Fund = £100k £100k Deficit = £(94)k £(141k)

  12. Expectations for 2014 Approved by Diocesan Synod Income = £7,403k Expenditure = £(7,674)k Deficit = £(271)k Mission Fund = £100k Deficit = £(171)k

  13. Expectations for 2014 Revised forecast Income = £7,403k £7,253k Expenditure = £(7,674)k £(7,652) Deficit = £(271)k £(399) Mission Fund = £100k £100k Deficit = £(171)k £(299)

  14. Looking ahead to 2015 Initial budget forecast Income = £7,276k Expenditure = £(7,912)k Deficit = £(636)k Mission Fund = £0 Deficit = £(636)k

  15. Income Parish Share £5,015k Local fee income £350k Grants £955k Charges £126k Rental income £289k Investment income £541k TOTAL £7,276

  16. Parish Share 2009 £5.380m 2010 £5.389m 2011 £5.158m 2012 £5.100m 2013 £5.018m 2014 £5.013m (pledged) 2015 £5.015m (estimated)

  17. Parish Share Supports diocese-wide mission Interdependency A radical idea?

  18. Cuts made in 2014 ISR Strategy Support

  19. Discussion How should we respond as a Diocese to the anticipated deficit for 2015?

  20. Strategy 2016-18 Listening to people’s vision and aspirations What kind of leadership? What kind of support? Where do we generate and focus our resources?

  21. Discussion In the longer term, where should our focus be, as a Diocese, in deploying our resources and generating income?

  22. Thank you

  23. Parish Officer training Saturday 18 October Sheldon School, Chippenham 9.30am to 3.45pm

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