1. Treasurers’ Day 19 September 2014 Bath & Wells Diocesan Board of Finance Changing Lives, Changing Churches for Changing Communities

2. INTRODUCTION Welcome, thank you for coming, enjoy the day! Health and safety  Refreshments breaks ~ every 90 minutes Opportunity for questions throughout day Format of day – outlined in folders  Lunch in Carey Room Feedback at end – have objectives been met?  3 separate sessions, 10 subject areas  Finish by 3.30 p.m.

3. WHO WE ARE AND WHAT WE DO: OVERVIEW 495 parishes, 182 benefices, 19 deaneries, 3 archdeaconries 171 primary and 9 secondary schools (114 VC, 46 VA, 20 Ac) 208 stipendiary clergy, 56 employed staff (incl. 7 ALMs) £15m Income (incl. house sales), over £9m Common Fund  251 clergy houses (£55m)  3,100 acres of glebe agricultural land (£14m)  Other investments (£21m - equities, bonds, property) Diocese of Bath & Wells created over 1,100 years ago in 909 Population of over 900,000 covering 1,600+ square miles The Diocesan Board of Finance (DBF) has existed for 100 years £93m Net Assets / Funds including: Both a registered charity and a company limited by guarantee

4. Board of Finance Responsibilities Management of funds, property and investments Preparation of annual expenditure budget Oversight of actual expenditure by departments Advising Synod of the financial aspects of its policies Acting as employer to salaried staff Maintaining the books of diocesan bodies and trusts Relevant advice on financial matters to PCCs Advising on action needed to raise income

5. Diocesan Structure Diocesan Synod  elected members from across 19 deaneries (lay/clergy)  normally meets 3 times a year (March, July and October) Bishop’s Council  Standing Committee of Synod  Board of Directors of the Diocesan Board of Finance Finance Group  Acts for and assists Board in its financial work  Includes Board members and other invited members with diocesan officers in attendance Board delegated authority  Day-to-day management to Diocesan Secretary  Supported by Assistant Diocesan Secretary, Diocesan Head of Finance and Diocesan Surveyor

6. Programmes /Departments Parochial Ministry – Stipends, Housing Diocesan Board of Education Ministry Forum (School of Formation) Mission Forum Communications Parish Stewardship National Church Responsibilities Fund for Church Growth Administration: Secretariat, Property, Finance, HR Safeguarding

7. Diocesan Finance Department Imogen wef Oct 14 ChrisSally Jessica - on maternity leave JulietteRichard