1. DIOCESE OF SHEFFIELD BUDGET UPDATE Sandra Newton 30 th September 2013

2. 2013 : Management in Year Original expenditure budget of £8.1m Expenditure limit reduced by £220k –2012 parish share -1% rather than +2% –Controlled property and support spending –Temporary stipend/salary freeze –Care on clergy numbers

3. 2013 : FORECAST OUTTURN Positive net income of around £100k from a balance of –Fees +£65k –Grants +£30k –Dividends +£26k –Vacancies +£120k –Reduced property spend £-100k (back to SFC) –Reduced parish Share collection £-45k

4. BUT depends crucially on Parish Share Outturn Currently -3% below 2012 with a +2% allocation

5. 2014 draft budget so far Parish Share amount collected critical 1%=£50k Allocations increased by at least +2% Fees set at higher level of return Stipendiary clergy posts set at 134 (incl.-2 from CSR)

6. 2014 draft budget so far Stipend/salary increase of 2% Ingoing works budget held at 2013 level No increase in clergy pension contribution until 2015 Net savings of -£75k from CSR Aiming at break-even budget.