Diocesan Accounts 2012 supporting the mission and ministry of the Diocese of Rochester www.rochester.anglican.org

Each year the Diocesan Synod approves a budget for diocesan expenditure. This includes the cost of deploying our clergy as well as other national and local costs in support of our mission and ministry in our communities. However, there is some other income and expenditure that has to be accounted for that is not part of the Diocesan Budget. This brief report summarises the year end position for all lines of income and expenditure that form the statutory accounts for the Rochester Diocesan Board of Finance. Full sets of the financial statements for 2012 are available from the Diocesan website www.rochester.anglican.org or from the Diocesan Treasurer.

2012 In Summary Total Income was £11,169,700 (of which the budget represented £10,687,800 or 96%) Total Expenditure was £11,760,000 (of which the budget represented £10,713,300 or 91%) A deficit of £590,300 (of which depreciation on buildings – mainly parsonages and other housing represented £507,800)

2012 In Summary (continued) Other investment movements (gains on investment assets and property) contributed a further £1,667,300 Net increase in total diocesan funds £1,077,000 (2011 net increase was only £54,100)

Diocese of Rochester 2012 Budget - Actual Income Parish contributions to clergy costs (56%) £5,998.3 Glebe/investment income for clergy costs (8%) £821.0 Other income for Diocesan work (5%) £488.6 Grants/special funds/reserves etc (2%) £248.8 Parish Share (29%) £3,131.1 _______ Total income £10,687.8

Diocese of Rochester 2012 Budget - Actual Expenditure Clergy stipends/pensions/ training (72%) £7,614.0 Clergy housing (10%) £1,071.7 Mission & Ministry support teams (6%) £636.5 National Church responsibilities (4%) £449.0 Other diocesan support for ministry (7%) £764.9 Lay pension scheme deficit (1%) £138.3 Diocesan projects/ events (<1%) £39.0 _______ Total expenditure £10,713.4

Total Diocesan Income 2008 – 2012

Total Diocesan Expenditure 2008 – 2012

Reminder of Clergy Costs In the year we had on average at any one time 196 stipendiary parish clergy in our 220 parishes The costs of deploying a full-time priest in our Diocese in 2012 as met by the diocesan budget were: (NB there are other costs met direct by parishes on top of this in respect of Council Tax, Water Rates and some minor repair work) Stipend £23,830 National Insurance £1,945 Pension £8,160 Housing £5,360 Other Costs (removal grants, training for future clergy, clerical support) £5,020 Total £44,315

Parish Share and Stipend What is the cost to a parish on average? For 2012: Parish Share contributions - £3,130,700 Stipend contributions - £5,956,500 Total - £9,087,200 Average £41,305 per parish, but note the previous slide….. - what does your parish contribute?

But how much have we got in total But how much have we got in total? The Diocesan Balance Sheet as at 31 December 2012 Total Assets now £60,234,800

Balance Sheet

Balance Sheet Comparison Although the DBF may have total assets of £60 million this works out as £273,800 per parish, of which the largest amount will relate to the parsonage Parsonages and other property represents over two thirds (£186,100) and the remainder (£97,000) is invested to help support parishes

Diocese of Rochester – an overview Population 1.25M (est) Bishops 2 Area 542sq miles Archdeacons 3 Parishes 220 Stipendiary clergy 196 (fte) Churches 264 Self-supporting clergy 49 Ministry Houses 225 Licensed Chaplains 28 Church Primary Schools 83 Licensed/authorised lay ministers 700 approx Church Secondary Schools 6 Clergy in diocesan roles 5.5 (fte) Lay people in diocesan roles 23.5 (fte)

Give thanks with a grateful heart, Give thanks to the Holy One, Give thanks because of what the Lord has done for us