DIOCESE OF ST ASAPH
Esgobaeth Llanelwy Diocese of St Asaph
The Diocesan Board of Finance Budget 2016
DIOCESE OF ST ASAPH Income and Expenditure BUDGET 2016
Budget 2015
£
Income
£
3,209,913 -96,297
Parish Share at 0% Increase Less 3% Discount
RB Block Grant RB Transformation Fund For 20/20 Vision
Total Income
£
Expenditure
-81,854
3,113,615
3,128,059
1,063,122 166,667
1,063,122
3,000 0 10,000 37,310 40,430 9,190 0 12,000
238,854
207,930
4,582,258
4,565,778
£
£
£
3,060,146 432,000
3,557,082
Sub Total Clergy Costs
215,406 137,574 46,000 166,667 166,667 33,500 76,565 3,000 62,423 38,500 4,000 16,666 6,000 8,500 2,500 12,000 7,000 10,000 24,624 10,000 17,680 278,660
Nurturing Developing Engaging DBF Transformation Fund RB Transformation Fund Communication Diocesan Board of Finance Diocesan Advisory Committee (Faculties) Cathedral Church Inspection Rural Assistance Churches Emergency Aid Fund Grants, Donations Bishop's Discretionary Diocesan Board of Finance Member's Expenses Governing Body Meeting Expenses Widows Orphans and Dependants Stockbroker Fees Registrar's Costs Provision for Contingencies Depreciation Salary Costs
166,667 96,000
3,135,682 421,400
Stipends, Pensions etc 1.8% increase Housing Maintenance (Parsonage Board 86 @ £4900)
£
3,209,913
99,000 1,500 0 10,000 37,870 41,035 3,109 34,340 12,000
Dividends Bank Interest Legacies Clerical Education Donations Parsonage Board Administration Contribution Wrexham Educational Foundation Contribution St Michaels College Contribution RB Contribution to Diocesan Training Officer Miscellaneous Income
£
3,492,146 203,650 111,166 42,480 166,667 166,667 30,700 69,965 4,000 61,500 35,000 5,000 8,333 13,500 7,175 2,000 10,000 7,000 7,000 24,145 10,000 5,900 240,000
Sub Total
1,343,931
1,231,848
Total Expenditure
4,901,013
4,723,994
Budget Surplus/(Deficit) For The Year
-318,755
-158,216
ESGOBAETH LLANELWY :: DIOCESE OF ST ASAPH BWRDD CYLLID YR ESGOBAETH :: DIOCESAN BOARD OF FINANCE
REPORT TO DIOCESAN CONFERENCE 2015
BUDGET 2016 1. There is a requirement on the Board of Finance to draw up and agree a budget and recommend it to the Bishop’s Council / Standing Committee, after which it must be received at the Diocesan Conference. 2. The proposed budget for 2016 continues to recognise the importance of our work in furthering mission and ministry, as we constantly strive to find new and relevant ways to engage the people of the diocese with the Good News of Jesus Christ. 3. The Board of Finance welcomes and fully supports the development of 2020 Vision – Unlocking Our Potential. This vision is to create a Church in which there is co-operation and mutual encouragement across parish boundaries in order to engage the communities outside our congregations. 4. The Budget for 2016 is designed to continue focussing the financial resources of the diocese to delivering this vision. We recognise the great responsibility that we have to increase the way we use our financial resources to build the future of our church rather than just maintain the present. 5. The Budget for 2016 shows a budgeted deficit of £318,755. The Diocesan Board of Finance has given careful consideration to this proposal and recommends it to the Standing Committee for the following reasons: The Board has previously agreed to ‘match fund’ the Representative Body’s contribution to the Transformation Fund from its reserves and without making further demands on our parishes. The Board’s contribution to the Transformation Fund in 2016 is £166,667. The Board recognises that the current economic climate is challenging for us all and is very mindful of the financial pressures on our parishes. It has decided not to increase the total level of Parish Share requested, despite increases in clergy stipends and clergy housing. A significant number of clergy inter-regna in the last 3 years, and the challenge in filling some of these vacancies, have meant that the surplus on operations has been larger than expected. The Board is therefore content to propose a deficit on operations in 2016.
6. The proposed budget shows a required parish share for 2016 that totals £3,209,913. This is level with the 2015 budget and there will therefore be no increase in the total level of Parish Share that will be requested from our parishes in 2016. 7. In 2016, the Board will continue the Parish Share Discount Scheme and will increase the discount on the Share to 4% for parishes that either pay on time and in full by quarterly Standing Orders or that pay in full by the end of June 2016. A discount of 2% will be offered to all parishes that pay their Share in full by the end of the first week in January 2017, even if they are unable to commit to regular repayments. The Discount Scheme continues to be received enthusiastically and 97.1% of all required Parish Share for 2014 had been paid in full by 31.01.15. 8. The Diocese of St Asaph receives an annual block grant from the Representative Body of the Church in Wales. In 2016 this will amount to £1,063,122 which is the same level as 2015 9. This budget has been drawn up on the basis of a 1.8% increase in clergy stipends and on-costs in 2016 and an increase of 2.0% in contributions from the dioceses to the Parsonage Board Scheme in 2016. These increases have been formally confirmed by the Representative Body earlier this year. 10. We have achieved our target figure of 75 full time stipendiary clerics (excluding curates in training) as set by the Bench of Bishops and the Bishop always tries to fill any clerical vacancy as quickly as possible. In addition to our full time stipendiary clergy, we have budgeted for 6 stipendiary curacies and a fulltime Diocesan Training Officer in 2016, maintaining our investment in the future of our diocese. 11. In the parishes, the individual Parish Share figure for 2016 will once again be calculated using the two objective criteria of the amount of ministry provided and the average attendance figure for each parish over a 3 year period. 12. We will be running a pilot for Mission Area Finances in 2016 with 7 of our new Mission Areas. This will enable us to test key principles and processes before rolling out Mission Area Finance across the diocese by 2018. 13. All of our parishes will be notified in November 2015 of details of their individual Parish Share for 2016. 14. The attached Budget for 2016 was agreed by the Board of Finance on 8 September 2015 at its meeting in Gresford. It was presented to Standing Committee of the Diocesan Conference on 22 September 2015 and approved unanimously. It is now presented to be received by the full Diocesan Conference on 10 October 2015 at Llangollen.
Mr J C Myers Chair of the Diocesan Board of Finance
The Diocesan Board of Finance Budget 2016
DIOCESE OF ST ASAPH Income and Expenditure BUDGET 2016
Budget 2015
£
Income
£
3,209,913 -96,297
Parish Share at 0% Increase Less 3% Discount
RB Block Grant RB Transformation Fund For 20/20 Vision
Total Income
£
Expenditure
-81,854
3,113,615
3,128,059
1,063,122 166,667
1,063,122
3,000 0 10,000 37,310 40,430 9,190 0 12,000
238,854
207,930
4,582,258
4,565,778
£
£
£
3,060,146 432,000
3,557,082
Sub Total Clergy Costs
215,406 137,574 46,000 166,667 166,667 33,500 76,565 3,000 62,423 38,500 4,000 16,666 6,000 8,500 2,500 12,000 7,000 10,000 24,624 10,000 17,680 278,660
Nurturing Developing Engaging DBF Transformation Fund RB Transformation Fund Communication Diocesan Board of Finance Diocesan Advisory Committee (Faculties) Cathedral Church Inspection Rural Assistance Churches Emergency Aid Fund Grants, Donations Bishop's Discretionary Diocesan Board of Finance Member's Expenses Governing Body Meeting Expenses Widows Orphans and Dependants Stockbroker Fees Registrar's Costs Provision for Contingencies Depreciation Salary Costs
166,667 96,000
3,135,682 421,400
Stipends, Pensions etc 1.8% increase Housing Maintenance (Parsonage Board 86 @ £4900)
£
3,209,913
99,000 1,500 0 10,000 37,870 41,035 3,109 34,340 12,000
Dividends Bank Interest Legacies Clerical Education Donations Parsonage Board Administration Contribution Wrexham Educational Foundation Contribution St Michaels College Contribution RB Contribution to Diocesan Training Officer Miscellaneous Income
£
3,492,146 203,650 111,166 42,480 166,667 166,667 30,700 69,965 4,000 61,500 35,000 5,000 8,333 13,500 7,175 2,000 10,000 7,000 7,000 24,145 10,000 5,900 240,000
Sub Total
1,343,931
1,231,848
Total Expenditure
4,901,013
4,723,994
Budget Surplus/(Deficit) For The Year
-318,755
-158,216
ESGOBAETH LLANELWY :: DIOCESE OF ST ASAPH BWRDD CYLLID YR ESGOBAETH :: DIOCESAN BOARD OF FINANCE
REPORT TO DIOCESAN CONFERENCE 2015
BUDGET 2016 1. There is a requirement on the Board of Finance to draw up and agree a budget and recommend it to the Bishop’s Council / Standing Committee, after which it must be received at the Diocesan Conference. 2. The proposed budget for 2016 continues to recognise the importance of our work in furthering mission and ministry, as we constantly strive to find new and relevant ways to engage the people of the diocese with the Good News of Jesus Christ. 3. The Board of Finance welcomes and fully supports the development of 2020 Vision – Unlocking Our Potential. This vision is to create a Church in which there is co-operation and mutual encouragement across parish boundaries in order to engage the communities outside our congregations. 4. The Budget for 2016 is designed to continue focussing the financial resources of the diocese to delivering this vision. We recognise the great responsibility that we have to increase the way we use our financial resources to build the future of our church rather than just maintain the present. 5. The Budget for 2016 shows a budgeted deficit of £318,755. The Diocesan Board of Finance has given careful consideration to this proposal and recommends it to the Standing Committee for the following reasons: The Board has previously agreed to ‘match fund’ the Representative Body’s contribution to the Transformation Fund from its reserves and without making further demands on our parishes. The Board’s contribution to the Transformation Fund in 2016 is £166,667. The Board recognises that the current economic climate is challenging for us all and is very mindful of the financial pressures on our parishes. It has decided not to increase the total level of Parish Share requested, despite increases in clergy stipends and clergy housing. A significant number of clergy inter-regna in the last 3 years, and the challenge in filling some of these vacancies, have meant that the surplus on operations has been larger than expected. The Board is therefore content to propose a deficit on operations in 2016.
6. The proposed budget shows a required parish share for 2016 that totals £3,209,913. This is level with the 2015 budget and there will therefore be no increase in the total level of Parish Share that will be requested from our parishes in 2016. 7. In 2016, the Board will continue the Parish Share Discount Scheme and will increase the discount on the Share to 4% for parishes that either pay on time and in full by quarterly Standing Orders or that pay in full by the end of June 2016. A discount of 2% will be offered to all parishes that pay their Share in full by the end of the first week in January 2017, even if they are unable to commit to regular repayments. The Discount Scheme continues to be received enthusiastically and 97.1% of all required Parish Share for 2014 had been paid in full by 31.01.15. 8. The Diocese of St Asaph receives an annual block grant from the Representative Body of the Church in Wales. In 2016 this will amount to £1,063,122 which is the same level as 2015 9. This budget has been drawn up on the basis of a 1.8% increase in clergy stipends and on-costs in 2016 and an increase of 2.0% in contributions from the dioceses to the Parsonage Board Scheme in 2016. These increases have been formally confirmed by the Representative Body earlier this year. 10. We have achieved our target figure of 75 full time stipendiary clerics (excluding curates in training) as set by the Bench of Bishops and the Bishop always tries to fill any clerical vacancy as quickly as possible. In addition to our full time stipendiary clergy, we have budgeted for 6 stipendiary curacies and a fulltime Diocesan Training Officer in 2016, maintaining our investment in the future of our diocese. 11. In the parishes, the individual Parish Share figure for 2016 will once again be calculated using the two objective criteria of the amount of ministry provided and the average attendance figure for each parish over a 3 year period. 12. We will be running a pilot for Mission Area Finances in 2016 with 7 of our new Mission Areas. This will enable us to test key principles and processes before rolling out Mission Area Finance across the diocese by 2018. 13. All of our parishes will be notified in November 2015 of details of their individual Parish Share for 2016. 14. The attached Budget for 2016 was agreed by the Board of Finance on 8 September 2015 at its meeting in Gresford. It was presented to Standing Committee of the Diocesan Conference on 22 September 2015 and approved unanimously. It is now presented to be received by the full Diocesan Conference on 10 October 2015 at Llangollen.
Mr J C Myers Chair of the Diocesan Board of Finance
