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 followingIncumbents, Curates & Archdeacon Stipends, NI & Pension costs, Rural Deans, Archdeacon support costs, Deaf Chaplaincy, Removal grants, first appointment & sequestration grants.

Housing cost, include the followingMaintenance of properties, vacancy costs, council tax, water rates, insurance, planned improvements, rent & housing allowances & professional fees.

Clergy Training, include the followingNational Training costs, DDO, ordination support, post ordination, CME & Clergy conference costs. 

Diocesan support, include the followingBishops Officers & AdvisorsGrants & Donations, include the followingNational church costs, grants & donations, Pioneer Ministry. 

Education CapitalBudgeted 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