Diocese of Lincoln - 2011 Budget at a glance by Diocese of Lincoln

2011 Budget at a glance

March 2011 www.lincoln.anglican.org/finance

Income 2011 28%

The Diocese funds a wide range of mission and support using income drawn from a variety of sources.

8% The 2011 budget reﬂects the lower income levels of 1% 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).

56%

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 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

Income per member per week

5,150,363

3.85

389,938 175,000 130,000 31,100 726,038

0.29 0.13 0.10 0.02 0.54

818,583 1,684,940 40,600 45,164 2,589,287 633,600 83,308

0.61 1.26 0.03 0.03 1.93 0.47 0.06

9,182,596

6.86

Expenditure 2011

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.

62% 5% 4%

10%

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.

3% 7%

Supporting the national church accounts for a further 4% of the budget.

Expenditure 2011

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.

Future Church Curates Training National training costs Formation and Discipleship Vocations

Presently there is the equivalent of ten such posts, which will be funded from the proceeds of house sales.

Deanery ministry

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

Cost per member per week

5,910,584

4.46

887,956

0.67

407,000 198,465 81,266 686,691

0.31 0.15 0.06 0.52

277,200 27,265 304,465

0.21 0.02 0.23

594,502 165,689 104,396 49,504 914,091 385,900

0.45 0.12 0.08 0.04 0.69 0.29

487,065

0.37

9,576,752

7.23

Share by Deanery Ch ris tia

pes

t Wes

& Candlesh

Bolingbroke

Elloe

st Ea

Clee thor

Ell

nit y

sloe

Belti

Calcewaite

Ha ver sto e

sby &

Stamford

the Lou

Graﬀoe

rough Yarbo Gran tham

old st W We

e lak

rd Laﬀo

Loveden

olme

Isle o f Axh

Cor r

ing h

lla

La wr es

£5,150,362

Grim

e stl ca

£108,354 £142,455 £165,151 £225,905 £168,432 £257,007 £129,479 £208,589 £164,976 £261,922 £223,489 £203,881 £277,388 £303,215 £291,964 £179,609 £410,861 £291,405 £223,637 £437,887 £294,230 £180,526

rn Ho

Isle of Axholme Corringham Lawres Manlake West Wold Yarborough Bolingbroke Calcewaite & Candleshoe Grimsby & Cleethorpes Haverstoe Horncastle Louthesk Stamford Beltisloe Christianity Elloe East Elloe West Graﬀoe Grantham Holland Laﬀord Loveden

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.

Expenditure by Deanery Ch

risti

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eth o

Be ltis

rpe

ity

ast Elloe E

Calcew aite & C

Cle

Stam ford

by &

Louthesk

castle

andlesh

Elloe West

Bolingbroke

ugh

Yarboro

Graﬀoe

Wo West

nla

d n lla Ho

Laﬀord

Loveden

olme Isle o

f Axh

ham

Cor

ring

La wr es

nth a

Gra

£9,576,752

Gri

Horn

£188,462 £302,743 £291,350 £560,997 £283,713 £440,064 £238,877 £548,866 £638,611 £454,059 £366,711 £420,710 £341,891 £443,464 £660,214 £333,944 £647,927 £541,053 £367,380 £759,876 £501,059 £244,780

oe rst ve Ha

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.