2011 Budget at a glance
March 2011 www.lincoln.anglican.org/finance
Income 2011 28%
7%
The Diocese funds a wide range of mission and support using income drawn from a variety of sources.
8% The 2011 budget reflects the lower income levels of 1% the past two years. Although Deanery Share and investment income show increases over 2009 (the last year for which actuals are available), the amounts for Share and investment income are still significantly lower than 2008 levels (by £82,000 and £640,000 respectively).
56%
Grants from National Church Institutions and donations are expected to total £726,000. Income at The Old Palace for conferences, wedding receptions, etc, subsidises the retreat and quiet day programme and certain office costs. The budgeted investment income is based on estimates provided by agents and investment managers, and includes rents received for the Diocese’s land and property holdings. Income from some investments is growing slowly, while we are now anticipating an increase in others. Some funds have been re-invested at a lower return to preserve the capital value of the portfolio.
Income budget 2011 Deanery Share Grant and sundry income National Church Institutions Additional allocation Allchurches Trust Other income Investment income Glebe rents (net of costs) DSF investments General Housing Fees Old Palace Project
Total income
£
Income per member per week
5,150,363
3.85
389,938 175,000 130,000 31,100 726,038
0.29 0.13 0.10 0.02 0.54
818,583 1,684,940 40,600 45,164 2,589,287 633,600 83,308
0.61 1.26 0.03 0.03 1.93 0.47 0.06
9,182,596
6.86
Expenditure 2011
The largest part of our expenditure is clergy stipends (including curates), and supporting clergy through housing and other expenses. This accounts for 71% of the budget.
62% 5% 4%
10%
Costs associated with other aspects of mission and mission support, such as work with young people, Resources Consultancy, the DAC, and Training, form the next largest amount. Together with sector ministries they account for a further 20% of the budget.
3% 7%
Supporting the national church accounts for a further 4% of the budget.
Expenditure 2011
The difference between total income and total expenditure (£394,156) will be met through by the Diocese’s Jubilee scheme, which covers the cost of clergy posts which are not included in deaneries’ longer-term plans.
Future Church Curates Training National training costs Formation and Discipleship Vocations
Presently there is the equivalent of ten such posts, which will be funded from the proceeds of house sales.
9%
Deanery ministry
Sector ministries Grant to Lincolnshire Chaplaincy Services Chaplain to the deaf Other mission and mission support Parish support (eg DAC, Resources Consultancy) Archdeacons and Rural Deans Children & Young People’s work Grants payable (eg church repairs, retired clergy) National Church responsibilities (eg General Synod and Archbishops’ Council) Management & administration (eg insurance, office overheads, audit, etc)
Total expenditure
£
Cost per member per week
5,910,584
4.46
887,956
0.67
407,000 198,465 81,266 686,691
0.31 0.15 0.06 0.52
277,200 27,265 304,465
0.21 0.02 0.23
594,502 165,689 104,396 49,504 914,091 385,900
0.45 0.12 0.08 0.04 0.69 0.29
487,065
0.37
9,576,752
7.23
Share by Deanery Ch ris tia
oe
pes
t Wes
& Candlesh
oe
Bolingbroke
Elloe
st Ea
Clee thor
Ell
nit y
sloe
Belti
Calcewaite
Ha ver sto e
sk
sby &
Stamford
the Lou
Graffoe
rough Yarbo Gran tham
old st W We
e lak
nd
rd Laffo
Loveden
olme
Isle o f Axh
Cor r
ing h
am
lla
M
La wr es
an
Ho
£5,150,362
Grim
e stl ca
£108,354 £142,455 £165,151 £225,905 £168,432 £257,007 £129,479 £208,589 £164,976 £261,922 £223,489 £203,881 £277,388 £303,215 £291,964 £179,609 £410,861 £291,405 £223,637 £437,887 £294,230 £180,526
rn Ho
Isle of Axholme Corringham Lawres Manlake West Wold Yarborough Bolingbroke Calcewaite & Candleshoe Grimsby & Cleethorpes Haverstoe Horncastle Louthesk Stamford Beltisloe Christianity Elloe East Elloe West Graffoe Grantham Holland Lafford Loveden
In addition to parochial fees and other income generated locally, each deanery receives an apportionment of the income of the Diocese. The amount needed to balance the deanery’s budget is the Deanery Share, which each deanery apportions to its parishes.
Expenditure by Deanery Ch
risti
loe
an
eth o
Be ltis
rpe
ity
s
ast Elloe E
Calcew aite & C
Cle
Stam ford
by &
Louthesk
ms
castle
andlesh
oe
Elloe West
Bolingbroke
ugh
Yarboro
Graffoe
ld
Wo West
ke
nla
m
d n lla Ho
Lafford
Loveden
olme Isle o
f Axh
ham
Cor
ring
La wr es
nth a
Ma
Gra
£9,576,752
Gri
Horn
£188,462 £302,743 £291,350 £560,997 £283,713 £440,064 £238,877 £548,866 £638,611 £454,059 £366,711 £420,710 £341,891 £443,464 £660,214 £333,944 £647,927 £541,053 £367,380 £759,876 £501,059 £244,780
oe rst ve Ha
Isle of Axholme Corringham Lawres Manlake West Wold Yarborough Bolingbroke Calcewaite & Candleshoe Grimsby & Cleethorpes Haverstoe Horncastle Louthesk Stamford Beltisloe Christianity Elloe East Elloe West Graffoe Grantham Holland Lafford Loveden
The budget is allocated across every deanery, and each deanery funds the cost of its local ministry and its proportion of other mission and ministry support costs.