2013Budget at a glance
September 2012 dioce.se/finance
Income2013
The Diocese funds a wide range of mission and support using the income from a variety or sources. Share is the largest part of the income. Those throughout the parishes of the Diocese who work hard to pay the deanery share requested are to be thanked and congratulated. The greatest risk to our finances is that arising from underpayment of share. Provision for a shortfall has been made and has been netted off the total income shown. The budgeted investment income is based on estimates provided by agents and investment managers. It includes rents received for the Diocese’s land and property holdings. Income from some investments is growing slowly but a rent review of many glebe holdings in 2012 resulted in a double digit increase in rental income. Income from commercial activities at the Old Palace subsidises the retreat and quiet day programme and other Diocesan use, but is not sufficient at this stage to give a commercial return on capital.
Income budget 2013 Deanery Share Requested
Grant and sundry income National Church Institutions Allchurches Trust Other income
Trading income
Deanery Share Grant and Sundry Income Investment & Trading Income Fees
Investment income Glebe rents (net of costs) DSF investments General Housing
Fees Income Share shortfall Total Income
ÂŁ
5,126,489
906,106 148,581 17,500 1,072,187 93,500
913,461 1,577,028 49,179 112,500 2,652,168 673,089 9,617,443 -432,928 9,184,505
Deanery Ministry Future Church Curates
£ 5,999,404
Cost per member per week
4.50
1,059,784
0.79
431,746 140,339 76,490 648,575
0.32 0.11 0.06 0.49
296,943
0.22
23,426 320,369
0.02 0.24
580,329
0.44
188,424 114,897 38,922
0.14 0.09 0.03
922,572
0.69
National Church Responsibilities (e.g. General Synod and Archbishops’ Council)
388,802
0.29
Management and administration (e.g. insurance, office overheads, audit, pension reserve etc.)
533,142
0.40
9,872,648 (272,208) 9,600,440
7.41 -0.21 7.20
131,613 78,938 200,000 (50,000) 360,551 9,960,991
0.10 0.06 0.15 -0.04 0.27 7.47
Training National training costs Formation and Discipleship Vocations
Sector Ministries Grant to Lincolnshire Chaplaincy Services Chaplain to the deaf
Other mission and mission support Parish support (e.g. DAC, Resources Consultancy) Archdeacons and Rural Deans Children & Young People’s work Grants payable (e.g. church repairs, retired clergy)
Expenditure Vacancies Cost of Mission From Reserves Net Education expenditure Church Buildings Refurbishment of parsonages Pension Contingency retained Total Expenditure
The largest part of our expenditure is on clergy - stipends, curates, housing, and other expenses. Costs associated with other aspects of mission and mission support, such as work with young people, the Resources Consultancy, the DAC and training, form the next largest amount. The deficit is the difference between total income and total expenditure (£776,486). Income is not enough to fund the cost of mission by £415,935. In addition the budget contains the planned use of other reserves totalling £360,551.
Expenditure2013
Expenditure 2013
Deanery Ministry Future Church Training Sector Ministries Other mission and mission support National Church responsibilities Management and administration Reserves expenditure There are 25,639 members on church electoral rolls (12,927 attendees).
Deanery Share Requested Total Expenditure on Deanery
202,924
Isle of Axholme
114,950
Corringham
146,066
Lawres
169,426
Manlake
239,657
West Wold
178,083
Yarborough
265,682
Bolingbroke
102,811
Calcewaite & Candleshoe
174,129
Grimsby & Cleethorpes
196,402
653,144
Haverstoe
196,342
437,998
Horncastle
193,414
355,814
Louthesk
203,510
Stamford
234,070
Beltisloe
318,239
402,174
Christianity
287,742
707,922
Elloe East
190,545
Elloe West
399,303
Nessâ€
56,224
Graffoe
308,066
Grantham
237,250
Holland
414,034
Lafford
292,206
Lovedon
181,939
†The Ness Deanery is treated as a transitional deanery.
324,543 308,500 592,094 300,438 455,349 220,410 542,026
452,329 356,605
356,158 668,370 67,520 530,341 389,005 780,339 520,047 248,598
dioce.se/finance