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MID-YEAR TREASURER AND INCUMBENTS FINANCE FOR MISSION 2011

MID-YEAR TREASURER AND INCUMBENTS FINANCE FOR MISSION 2011. Agenda. Welcome 2010 Payments The Bigger Picture Funding Campaigns / Giving for Life Reserves 2011 Current Situation Feedback for Inter Deanery Finance Forum AOB Close. 2010 - SHARE DOWN, STAFFING COST SAVINGS.

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MID-YEAR TREASURER AND INCUMBENTS FINANCE FOR MISSION 2011

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  1. MID-YEAR TREASURER AND INCUMBENTS • FINANCE FOR MISSION • 2011

  2. Agenda Welcome 2010 Payments The Bigger Picture Funding Campaigns / Giving for Life Reserves 2011 Current Situation Feedback for Inter Deanery Finance Forum AOB Close

  3. 2010 - SHARE DOWN, STAFFING COST SAVINGS... • Deanery share • 93.8% compared to 100% target • cash up £42k, down by 0.2% compared to 2009 Ministerial staffing costs 2.7 FTE posts below budget Overall Deficit of £206k Annual Review & Summary Financial Statements 2010

  4. Share Payments 2009 Diocese 93.8% (-0.2%) Target 100% Nottingham North and South 94.8% (+1.8%) Nottingham North 88.8% (+3.3%) Nottingham South 97.4% (+0.8%)

  5. THANK YOU!A REASON TO BE GRATEFUL AND CELEBRATE.

  6. Parishes not Paying 100% 2010 % Aspley 84 Basford St Aidan 50 Basford St Leodegarius 0 Bulwell St Mary 88 Cinderhill Christ Church 76 Kimberley 54 Nuthall 74 Trowell, Awsworth & Cossall 69 Carrington St John 55 Lenton Abbey, St Barnabas 83 Nottingham St Judes 98 Stapleford 86.3

  7. Fluid but going in the right direction 2009 14 paying < 100%, 2010 12 2009 5 parishes paying < 100%, 2010 all paid 100% 2009 6 parishes paying < 100%, 2010 paid more 2009 2 paying < 100%, 2010 paid less 2009 3 parishes paying 100%, 2010 paid < 100% Deanery Finance Group analysing accounts Deanery Finance Group willing to come and talk to Treasurers, PCCs, Standing Committees Further mutual support

  8. BUDGET 2011 WHERE THE MONEY COMES FROM WHERE THE MONEY GOES

  9. THE FUTURE • 100% payment of deanery share • Deanery share increase average of 2% across diocese • Individual deanery increases 0 – 3.5% • Dunham House new build – no impact on deanery share • Balanced budget • Mission Development Fund

  10. BUDGET 2011 SOME FACTS & FIGURES Diocesan expenditure £8.6million 91% = people costs £43k = average cost of incumbent status minister 68% of total income from Deanery Share >£300,000 short of total ministerial staffing costs >£1million from Church Commissioners Church members in Southwell & Nottingham diocese continue to give to PCCs on average 4% of their take-home pay, compared to the Diocesan Synod benchmark of 5%

  11. Agenda Welcome 2010 Payments The Bigger Picture Funding Campaigns / Giving for Life Reserves 2011 Current Situation Feedback for Inter Deanery Finance Forum AOB Close

  12. 2010 PARISH ACCOUNTS Please send copy to; Rachel Shock Deanery Administrator Wollaton Community Centre Bramcote Lane Wollaton NG8 as well as to Dunham House

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