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5 Year Plan
BUDGET FOR GROWTH
Benefice/Parish ShareThis increases from £6.4 to £7.8 million over the 5 year period. This is 5% per annum. Income from Church Commissioners.This reduces significantly in 2014 as a result of the ending of the funding stream for Mission in New Housing Areas. The balance is the grant that tops up the Diocesan Mission Fund which parishes are able to apply to fund specific mission based projects. Investment IncomeThis is made up of rental income from glebe land, vacant clergy houses, dividends from equity based investments, commercial rental income from Bouverie Court. Mission and Ministry IncomeThis is income from Occasional Services such as weddings and funerals. Education IncomeThis is operational income generated by the Board of Education, and comes from the Service Level Agreements with Church Schools, fees support and for running school appeals panels.
Income
Total Cost of Charitable Activies
63%
5%
7%
6%
19%
STIPENDS & HOUSING COSTS
CLERGY TRAINING
Diocesan support
Grants & Donations
EDUCATION CAPITAL
YEAR 2013
Total Cost of Charitable Activities
Stipends cost, include the following
Incumbents, Curates & Archdeacon Stipends, NI & Pension costs, Rural Deans, Archdeacon support costs, Deaf Chaplaincy, Removal grants, first appointment & sequestration grants.
Housing cost, include the following
Maintenance of properties, vacancy costs, council tax, water rates, insurance, planned improvements, rent & housing allowances & professional fees.
Clergy Training, include the following
National Training costs, DDO, ordination support, post ordination, CME & Clergy conference costs.
Diocesan support, include the following
Bishops Officers & Advisors
Grants & Donations, include the following
National church costs, grants & donations, Pioneer Ministry.
Education Capital
Budgeted capital spend on school projects
Expenditure
Cost of Clergy 2013 - 2017
2013 2014 2015 2016 2017 4,400,000
4,600,000
4,800,000
5,000,000
5,200,000
5,400,000
5,600,000
5,800,000
6,000,000
Growth
Standstill
Number of Clergy in post is budgeted to increase from 131 in 2013 to 150 in 2017
Cost of Housing 2013 - 2017
1 2 3 4 5 1,500,000
1,600,000
1,700,000
1,800,000
1,900,000
2,000,000
2,100,000
Growth
Standstill
Number of Clergy in post is budgeted to increase from 131 in 2013 to 150 in 2017
Cost of Clergy Training 2013 - 2017
2013 2014 2015 2016 2017 400,000
500,000
600,000
700,000
800,000
900,000
Number of Residential Ordinands in training is expected to increase from 8 in 2013 to 21 in 2017
5 Year Plan
BUDGET FOR GROWTH