Treasurers’ Day 19 September 2014

Bath & Wells Diocesan Board of Finance

Changing Lives, Changing Churches for Changing Communities

INTRODUCTION

• Welcome, thank you for coming, enjoy the day!

• Health and safety

Refreshments breaks ~ every 90 minutes

• Opportunity for questions throughout day

• Format of day – outlined in folders

Lunch in Carey Room

• Feedback at end – have objectives been met?

3 separate sessions, 10 subject areas

Finish by 3.30 p.m.

WHO WE ARE AND WHAT WE DO: OVERVIEW

• 495 parishes, 182 benefices, 19 deaneries, 3 archdeaconries

• 171 primary and 9 secondary schools (114 VC, 46 VA, 20 Ac)

• 208 stipendiary clergy, 56 employed staff (incl. 7 ALMs)

• £15m Income (incl. house sales), over £9m Common Fund

251 clergy houses (£55m) 3,100 acres of glebe agricultural land (£14m) Other investments (£21m - equities, bonds, property)

• Diocese of Bath & Wells created over 1,100 years ago in 909

• Population of over 900,000 covering 1,600+ square miles

• The Diocesan Board of Finance (DBF) has existed for 100 years

• £93m Net Assets / Funds including:

• Both a registered charity and a company limited by guarantee

Board of Finance Responsibilities

• Management of funds, property and investments

• Preparation of annual expenditure budget

• Oversight of actual expenditure by departments

• Advising Synod of the financial aspects of its policies

• Acting as employer to salaried staff

• Maintaining the books of diocesan bodies and trusts

• Relevant advice on financial matters to PCCs

• Advising on action needed to raise income

Diocesan Structure

• Diocesan Synod elected members from across 19 deaneries (lay/clergy) normally meets 3 times a year (March, July and October)

• Bishop’s Council Standing Committee of Synod Board of Directors of the Diocesan Board of Finance

• Finance Group Acts for and assists Board in its financial work Includes Board members and other invited memberswith diocesan officers in attendance

• Board delegated authority Day-to-day management to Diocesan Secretary Supported by Assistant Diocesan Secretary,Diocesan Head of Finance and Diocesan Surveyor

Programmes /Departments

• Parochial Ministry – Stipends, Housing• Diocesan Board of Education

• Ministry Forum (School of Formation)

• Mission Forum

• Communications

• Parish Stewardship

• National Church Responsibilities

• Fund for Church Growth

• Administration: Secretariat, Property, Finance, HR

• Safeguarding

Diocesan Finance Department

Imogen wef Oct 14 Chris Sally

Jessica - onmaternity leave

Juliette Richard