BRIEFING ON DiocesAN finances - PowerPoint Presentation

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Uploaded On 2020-07-01

BRIEFING ON DiocesAN finances - PPT Presentation

Revd Richard Williams BSc FCA Finance Director Presentation to Diocesan Synod on 13 Oct 2018 WHERE OUR MONEY CAME FROM WHERE THE MONEY IS SPENT SUPPORT COSTS FOR A PARISH 2019 Values Cost of a Fulltime Incumbent 410K ID: 791493

diocesan parish support contribution parish diocesan contribution support parishes deprived income costs synod average deanery offers indicative mission required

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Slide1

BRIEFING ON

DiocesAN

finances

Revd. Richard Williams BSc FCAFinance Director

Presentation to

Diocesan Synod on13 Oct 2018

Slide2

WHERE OUR MONEY CAME FROM

Slide3

WHERE THE MONEY IS SPENT

Slide4

Slide5

Slide6

Slide7

Slide8

SUPPORT COSTS FOR A PARISH (2019 Values) Cost of a Full-time Incumbent £41.0KDiocesan Parish Support Costs per Benefice £9.6K

£50.6K

Average contribution required to cover costs ofFuture Ministry, Wider Diocesan Mission and National

CofE

£13.3K

Net average contribution required to support parishes unable

to cover fully the c

ost

of a Full-time Incumbent and Diocesan

Parish Support Costs

£7.1K

Average contribution required from parishes

£71.0k

Slide9

PARISH OFFERSParish Offers have remained flat over the last five years

Source: RSDBF Accounts

£M

Slide10

CONTRIBUTION RATE Rochester has the 3rd lowest contribution rate as a % of income

; out of 40 Dioceses

Source: Church House 2018 Stats

38%

Slide11

Contribution RateFor More Deprived Parishes

Indices of Deprivation

CONTRIBUTION RATE FOR MORE DEPRIVED PARISHES

Most Parishes in deprived areas have contribution rates far in excess of 50%

Not only are we running a deficit, but many Parishes in deprived areas are significantly under-resourced

Slide12

GIVING COMPARED

Rochester is less deprived

Giving as % of income in Rochester is

3.2% vs 3.6%

nationally and 5% guideline

Slide13

Income and generosity

Average 3.6% income

The wealthy do give more.

BUT as a proportion of income they give less.

Slide14

CHALLENGES WE FACE!Understanding and operation of the Parish Pledge systemLocal support for the mission of the churchIncreasing awareness of the wider context

Diocesan support structures

Supporting Parishes in Mission Planning and Stewardship

Slide15

FINANCIAL MILESTONESCalled Together Annual Risk Assessment by Bishop’s Council

Delegated Authority Policy

Financial Strategy

Underpinning Called Together

Rolling Five-year Projections

Aiming for balanced budget by 2021

Annual Operating and Capital Budget with Cash-flow – approved Synod – Autumn

Annual Audit and Statutory Accounts – Spring

Slide16