Diocese of Lincoln - 2011 Budget at a glance
-
Upload
diocese-of-lincoln -
Category
Documents
-
view
222 -
download
5
description
Transcript of Diocese of Lincoln - 2011 Budget at a glance
The Diocese funds a wide
range of mission and
support using income
drawn from a
variety of sources.
The 2011 budget
reflects the lower
income levels of
the past two
years. Although
Deanery Share and
investment income
show increases over
2009 (the last year for
which actuals are
available), the amounts for
Share and investment income are
still significantly lower than 2008
levels (by £82,000 and £640,000
respectively).
Grants from National Church Institutions and
donations are expected to total £726,000.
Income at The Old Palace for
conferences, wedding receptions,
etc, subsidises the retreat and
quiet day programme and certain
office costs.
The budgeted investment income
is based on estimates provided by
agents and investment managers,
and includes rents received for the
Diocese’s land and property
holdings.
Income from some investments is
growing slowly, while we are now
anticipating an increase in others.
Some funds have been re-invested
at a lower return to preserve the
capital value of the portfolio.
Income 2011
Income budget 2011 £
Deanery Share
Grant and sundry income
National Church Institutions
Additional allocation
Allchurches Trust
Other income
Investment income
Glebe rents (net of costs)
DSF investments
General
Housing
Fees
Old Palace Project
Total income
5,150,363
389,938
175,000
130,000
31,100
726,038
818,583
1,684,940
40,600
45,164
2,589,287
633,600
83,308
9,182,596
Income permember per
week
3.85
0.29
0.13
0.10
0.02
0.54
0.61
1.26
0.03
0.03
1.93
0.47
0.06
6.86
56%
8%
1%
28% 7%
The largest part of our
expenditure is clergy
stipends (including
curates), and
supporting clergy
through housing
and other expenses.
This accounts for
71% of the budget.
Costs associated with
other aspects of
mission and mission
support, such as work
with young people,
Resources Consultancy, the
DAC, and Training, form the
next largest amount. Together
with sector ministries they account
for a further 20% of the budget.
Supporting the national
church accounts for a
further 4% of the budget.
The difference between
total income and total
expenditure (£394,156)
will be met through by the
Diocese’s Jubilee scheme,
which covers the cost of
clergy posts which are not
included in deaneries’
longer-term plans.
Presently there is the
equivalent of ten such
posts, which will be
funded from the proceeds
of house sales.
Deanery ministry
Future Church
Curates
Training
National training costs
Formation and Discipleship
Vocations
Sector ministries
Grant to Lincolnshire Chaplaincy Services
Chaplain to the deaf
Other mission and mission support
Parish support (eg DAC, Resources Consultancy)
Archdeacons and Rural Deans
Children & Young People’s work
Grants payable (eg church repairs, retired clergy)
National Church responsibilities (eg General Synod
and Archbishops’ Council)
Management & administration (eg insurance, office
overheads, audit, etc)
Total expenditure
5,910,584
887,956
407,000
198,465
81,266
686,691
277,200
27,265
304,465
594,502
165,689
104,396
49,504
914,091
385,900
487,065
9,576,752
4.46
0.67
0.31
0.15
0.06
0.52
0.21
0.02
0.23
0.45
0.12
0.08
0.04
0.69
0.29
0.37
7.23
Cost permember
per week
Expenditure 2011
Expenditure 2011 £
62%
5%
4%
10%
3%
7%9%
Share by Deanery
Expenditure by Deanery
Isle
of
Axh
olm
e
Co
rrin
ghamLa
wre
s
Manlake
West Wold
Yarborough
Bolingbroke
Calcewaite & Candleshoe
Grimsby & Cleethorpes
Haverstoe
Ho
rnca
stle
Lou
the
sk
Stam
ford
Beltisloe Christianity
Elloe East
Elloe West
Graffoe
Grantham
Holla
nd
Laff
ord
Love
de
n
Isle of Axholme £108,354
Corringham £142,455
Lawres £165,151
Manlake £225,905
West Wold £168,432
Yarborough £257,007
Bolingbroke £129,479
Calcewaite & Candleshoe £208,589
Grimsby & Cleethorpes £164,976
Haverstoe £261,922
Horncastle £223,489
Louthesk £203,881
Stamford £277,388
Beltisloe £303,215
Christianity £291,964
Elloe East £179,609
Elloe West £410,861
Graffoe £291,405
Grantham £223,637
Holland £437,887
Lafford £294,230
Loveden £180,526
£5,150,362
Isle of Axholme £188,462
Corringham £302,743
Lawres £291,350
Manlake £560,997
West Wold £283,713
Yarborough £440,064
Bolingbroke £238,877
Calcewaite & Candleshoe £548,866
Grimsby & Cleethorpes £638,611
Haverstoe £454,059
Horncastle £366,711
Louthesk £420,710
Stamford £341,891
Beltisloe £443,464
Christianity £660,214
Elloe East £333,944
Elloe West £647,927
Graffoe £541,053
Grantham £367,380
Holland £759,876
Lafford £501,059
Loveden £244,780
£9,576,752
In addition to parochial fees and other income generated
locally, each deanery receives an apportionment of the
income of the Diocese. The amount needed to balance the
deanery’s budget is the Deanery Share, which each
deanery apportions to its parishes. Is
le o
f A
xho
lme
Co
rrin
ghamLa
wre
sManla
ke
West Wold
Yarborough
Bolingbroke
Calcewaite & Candleshoe
Grimsby & Cleethorpes
Haverstoe
Horncastle
Lou
thesk
Sta
mfo
rd
Be
ltislo
e
Christianity Elloe East
Elloe West
Graffoe
Grantham
Holland
Laff
ord
Love
de
n
The budget is allocated across every deanery, and each
deanery funds the cost of its local ministry and its
proportion of other mission and ministry support costs.