Budget 2019 David Barlow Chair Blackburn Diocesan Board

Budget 2019 David Barlow Chair Blackburn Diocesan Board of Finance Ltd

Vision 2026 ‘Healthy Churches Transforming Communities’ • We desire to make the Good News about Jesus Christ more widely known, because we believe: • He is the One who brings ‘life in all its fullness’ • Healthy church communities have a positive and transformative impact on our society. • We will work together to achieve this by making disciples of Jesus Christ; being witnesses to Jesus Christ and growing leaders for Jesus Christ

Parish Share Budget 2019 Expenses Split 11% 70% 19% Stipends, Salaries, NI, Pension Housing Other costs

Budget Process • Big Picture • Setting the Task Bishop’s budget team - Bishop Julian with Bishops, Archdeacons, Diocesan Secretary Department Leaders and Deputy Diocesan Secretaries • Review of work on Budget • Recommendations to Directors • Detailed work Budget Committee

Budget Process Finance Committee Directors • Review of Budget • Additional recommendations to Directors • Decision on amendments • Approval of budget Diocesan Synod

Budget Points for 2019 • Lower Income Communities funding of £ 259. 7 k is targeted to deprived parishes • Significant reserves of £ 710 k are being used to support the budget • 100% collection rate with an 8% relief fund that parishes can apply to • Parish visits with a emphasis on those who don’t pay • Parish Share increase of 4% overall with a 5% cap • Stipends and salaries increased by 2. 0% in April

Budget Points for 2019 • • • Estimate of 10 curates joining in 2019 A 5% increase to the property budget Continuing to look at renting curate houses 14 Vacancies budgeted for Whalley Abbey funding from BDBF reserves

Figures included in the motion £ Total expenses 11, 024, 154 Less non share income and fees investments -595, 377 rent -240, 205 national church -1, 284, 001 Less reserves used -388, 702 Add share relief fund +740, 510 Total request from parishes 9, 256, 380

Vision 2026 ‘Healthy Churches Transforming Communities’ • We desire to make the Good News about Jesus Christ more widely known, because we believe: • He is the One who brings ‘life in all its fullness’ • Healthy church communities have a positive and transformative impact on our society. • We will work together to achieve this by making disciples of Jesus Christ; being witnesses to Jesus Christ and growing leaders for Jesus Christ

Motion • “this Synod accepts the recommended budget for 2019 with a total amount requested from parishes (Calculated Assessment) of £ 9, 256, 380 and a total expenditure of £ 11, 024, 154 and agrees to fund the 5% cap (unless there has been a change to ministry) on the increase from reserves. ”