FINANCIAL BRIEFINGS 2019 Welcome
About the Development Fund • The amount of money available to parishes, benefices and deaneries in the Diocese of Oxford is c. £1m each year over the next three years. • Grant applications to the Development Fund must support local projects that are missionally creative, reflect where God is at work in the community and encourage wider learning across the Diocese. • The Development Fund is open to all, but it is likely to be most helpful to parishes that have limited financial resources to invest in missional activity. The fund aims to be particularly helpful to those parishes which, after paying their Parish Share and other essential running costs, have very little financial resources to invest in missional activity. We know that even modest grants can make a significant difference in such parishes.
About the Development Fund On the website you can find out about: • The two types of grant that are available to support missional activity by any parish, benefice, deanery or chaplaincy in the Diocese of Oxford. • Priorities for the Development Fund • When you have to apply • Guidance notes and application forms
About the Development Fund Panel • John Sykes Synod Lay Chair Berks • Mark Humphriss Diocesan Secretary • Judy French Archdeacon of Dorchester Dorchester • Andy Brockie Lay member, St Andrew’s Oxford Oxford • Lyn Philpot Lay Chair, Deddington Deanery Dorchester • Alison Eves Churchwarden, Burghfield Berks • Rickey Simpson-Grey Rector, The Claydons Bucks • Paul Oxley St Mark’s, Milton Keynes Bucks/MK • Janet Rogers Common Vision Programme Manager (Secretary & adviser to the panel)
Church Energy Audits Financial Briefings 14 October 2019 Maranda St John Nicolle Department of Mission maranda@ccow.org.uk
Are your rates low? Or high?
Where is the energy going?
Are you paying the correct levies? • Some churches correctly pay 5% VAT and no Climate Change Levy • Some are actually paying 20% VAT … and hence being charged the Climate Change Levy as well
Costed Recommendations
And how to do them …
With help from the diocese …
Please get in touch … Maranda St John Nicolle Department of Mission maranda@ccow.org.uk 07493 377580 www.oxford.anglican.org
2020 Share • Increase limited to 1.8%: total share request to be £20,616,000, including adjustments for changes in clergy numbers • No changes to share ‘parameters’ – floor and ceiling still at -1% and +4% • Deanery rebates and direct debit discounts continue as before • Aggregated parish statistics show strong position with exceptions
Share Review Group principles of share allocation 1. Must be fair and not be seen to be unfair 2. Should reflect the ability to pay 3. Should not immediately penalise growth 4. Should be allocated at deanery level except where diocesan engagement is necessary 5. Should be based on generous and gracious giving plus mutual support 6. Should be easily communicated 7. A formula-based system rather than an offer-based system
Changes to share allocation • Temporary share relief for 5 deaneries (Bicester & Islip, Buckingham, Claydon, Mursley and Newport) in the Oxford/ Cambridge arc with net impact of £50,000 starting in 2020 • Continuing review of rural relief to make allocation fairer, impacting 2021 and thereafter • We aim to keep share increases at no more than inflation from 2021 onwards
What are we funding from Total Return accounting? • Glebe funds continue to perform well • Common Vision expenditure (c.£2.5m pa) committed for 2018-2020 and future funding to be reviewed in 2020 • Application for Strategic Development Funding from Church Commissioners being prepared • Discussions at Bishop’s Council on potential for mutual support for other dioceses
2020 Budget Assumptions 2020 2019 Stipend increase from 1 April 2% 2% Buildings costs increase 2% 2% Diocesan average share increase 1.80% 1.75% Share under collection rate 2.3% 2.4% Stipendiary clergy 316 320 Curates in training - expected average 52 50 Clergy vacancies - expected average 30 28 Clergy pension contribution rate 39.9% 39.9%
2020 Budget Overview Budget Budget 2020 2019 £’000 £’000 Parochial Ministry 20,033 19,809 Administration & Finance 618 516 Mission in the Diocese 2,969 2,946 National Church contributions 1,138 1,138 Glebe and Fees income (net) (5,246) (5,156) Parish Share (19,516) (19,344) Budget Surplus 4 91 Common Vision Funding/Expenditure 2,345 2,558
Costs per Minister - 2020 2020 Costs per 2019 Costs per minister £ minister £ (for 315.75 (for 320 ministers) ministers) Stipends, NI and Pension contributions 39,956 39,196 Housing costs 12,283 11,826 Ordinand and Curate training costs 13,513 12,813 Parochial Ministry support 4,581 4,670 Diocesan Mission Strategy 6,126 5,989 Compliance and Governance 2,893 2,574 National Church costs 3,604 3,556 Fees and other income (4,262) (4,244) Total weighted cost per minister 78,694 76,380 Glebe income support per minister (13,101) (12,646)
Ordinand and Curate training costs 2020 Costs per minister £ Share of Curates stipendary costs 6,172 Share of Curates housing costs 343 Pre-ordination costs 1,159 Ordination grants 317 Diocesan training costs 2,118 National Church Training for 3,404 Ministry Total weighted cost per minister 13,513
Mission in the Diocese 2020 Costs per minister £ Department of Mission 3,202 Board of Education 853 Communications Department 933 Grants and other costs 1,138 Total 6,126
Administration and Finance 2020 Costs per minister £ Services to parishes DT(O)L, MPC & DAC 1,400 Finance Compliance and Secretariat 860 Legal and Chancellor 633 Total 2,893
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