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MID-YEAR TREASURER AND INCUMBENTS - FINANCE FOR MISSION

MID-YEAR TREASURER AND INCUMBENTS - FINANCE FOR MISSION. Agenda. Welcome (Ruth) The Bigger Picture (Robert) 2008 Payments (Robert) Theological Principles (Hugh) Finance Group Update (Tom) Feedback (Everyone) Share payment issues this year AOB Audit/Inspection costs (Robert) Close.

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MID-YEAR TREASURER AND INCUMBENTS - FINANCE FOR MISSION

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

  2. Agenda Welcome (Ruth) The Bigger Picture (Robert) 2008 Payments (Robert) Theological Principles (Hugh) Finance Group Update (Tom) Feedback (Everyone) Share payment issues this year AOB Audit/Inspection costs (Robert) Close

  3. THANK YOU!

  4. Share Payments 2008 Nottingham North and South 94.3% Diocese 93.7% Target 97% Beeston 95.0% Nottingham Central 100.1% Nottingham North 91.3% Nottingham West 86.6%

  5. BUDGET 2009EXPENDITURE

  6. 2% 10% Deanery share 6% Church Commissioners Fees etc 15% Investment & other income 67% Transfer from reserves BUDGET 2009 INCOME

  7. DIOCESAN BUDGET 2009

  8. BUDGET 2009 • BUDGET HEADLINES • Deficit budget (and until 2013) • Deanery share+3% (on average) • Clergy stipend+3% (April 2009) • Clergy pension contributions continuing at 39.7% • Deanery Leadership Support increase

  9. BUDGET 2009 SOME FACTS & FIGURES Diocesan expenditure >£8million 76% = ministerial staffing costs £38,700 = average cost of incumbent status minister 67% of total income from Deanery Share >£700,000 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%

  10. COST PER MINISTER IN 2007 = £7,351 COST PER MINISTER IN 1998 = £2,713

  11. DEANERY SHARE FORMULA KEY VARIABLES 1. Ministry ReceivedFigures used in the 2009 Deanery Share formula were approved on 30.06.082. Average Adult AttendanceSundays in October - figures used in the 2009 Deanery Share formula were for 2005, 2006 & 2007 averaged over those 3 years3. Ability to PayProvided by Experian – used to modify variables above

  12. REVIEWS SHARE TASK GROUP Ability to Give – updated Experian data Attendance Figures – include mid-week attendance Ministry Recieved – endorse 60/40 weighting PENSIONS REVIEW GROUP From Jan 2010 pension payments increase by £1,000 per clergyperson pa Clergy pension consultation Diocese/General Synod

  13. Hugh Allton (St John, Beeston) Revd Colin Bourne (St Peter, Toton) Robert Cleave (St Michael, Bramcote) Vernon Lloyd (St Stephen, Sneinton) Peter Moore (Nottingham All Saints, St Mary & St Peter) Revd Andy Morris (Bestwood, St Matthew & St Phillip) Jonathan Peto (St Jude, Mapperley) Tom Sydney (St Margaret, Aspley) FINANCE GROUP

  14. Nottingham North Andy Morris Nottingham South Hugh Allton ? DEANERY TREASURERS

  15. 2008 PARISH ACCOUNTS Please send copy to; Rachel Shock Deanery Administrator The Vine Community Centre Bobbers Mill Rd Hyson Green NG7 5GZ as well as to Dunham House

  16. HOW DO OTHER DEANERIES ALLOCATE SHARE? Source: IDFF September 2007

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