Common Fund and Parish Share

 Common Fund is the sum of all Parish Shares  We anticipate raising £9.5 million in 2015  80% of budgeted DBF income comes from Common Fund Where does the money come from?

ng-parishes/finances/common-fund Common Fund DVD: “Our Common Fund” This is available to download at:

Cost of Parochial Ministry  Of the £9.5m Parish Share, the majority is spent directly on clergy costs which are as follows: £m Clergy Stipends including pensions7.2 Clergy Housing1.0 Total8.2  The remainder goes towards other costs in the budget, including National Church, Ordinands training, Mission and Ministry Support (including clergy and lay training)

Parish Share- calculations Various factors decide your Parish Share …at a diocesan level including :  Change in Common Fund  Changes in overall membership in the diocese and in socio-economic categories … at a parish level:  Number church members and category within your particular parish declared by the PCC in the Annual Survey  Any caps or collars on the increases or decreases

Church Membership  Defined in terms of number of adults attending regularly (generally at least once monthly), or who would attend if not prevented by illness etc.  New members ( who have not transferred from another church) are brought into calculation over 3 years.  Survey forms need to be returned promptly  Can not alter your figures after parish share has been set, therefore important to get right

SEC Categories Chosen from a scale of A-G, where A. is for parishes most favourably placed G. is for parishes least favourably placed “Our Church membership is... your Church membership’s ability to pay.... compared to others in the diocese...

SEC Categories  At present, only 2 ‘A’ parishes and 29 ‘G’s.  The spread from A to G ranges from 70% to 100%, with a G category parish being asked for 70% of what an A category parish is, per declared member.  This is currently under review to see whether a wider spread would better represent the population of the diocese and enable more support for deprived parishes…

Calculation of Parish Share Payable  Parish share per person in your chosen socio- economic category x membership (adjusted for new members) as defined on the form  Increases and decreases year-on-year will be capped, to transition major changes gradually

Parish Share– Payments and discounts!  We encourage you to make monthly payments to ensure the DBF has enough funds to pay your clergy at the end of every month  Parishes which pay their Parish Share either by direct debit or by CBF standing order receive a discount.  For % discount for full payment by 20 January or 0.3% for 12 monthly payments  If you need to change your payment method contact Jessica Cook

Parish share -problems  Do keep your PCC up to date with any issues on managing to meet share payments.  If your Parish has problems paying the current year share, please do get in touch as soon as possible, so we can support you.  Andrew Rainsford can help with sourcing grant funding for buildings work and Planned giving reviews to ensure you can meet your contributions towards the Common Fund