Tuesday 21 February 2012

Money and the CofE

I've halted play for a few moments to (try and) answer some questions about money and the CofE.

Hopefully I'm heading in the right direction with these (and if not am sure I will be corrected):

The cost of an ordained minister
The cost of an ordained minister varies from location to location and seems to range from £45-50k. tThe final figure comes about by taking the stipend, National Insurance, training, support services (i.e. diocesan staff), housing costs, Council Tax, Water rates and pension contributions and lumping them together. Once this is done the final figure is divided by the number of stipendiary ministers and there's the figure.

Funding Bishops)
As I understand it the bishops (and their staff) come from central funds.

Funding Cathedrals
Money comes from funds other than diocesan common purse

What does the Church of England do with all its money?
Well it's obviously not good biscuits and a good variety of tea (don't do coffee) is it.

The money that the Church Commissioners have, this includes property, things and other liquid assets (but still not tea :-( ) is used to add to the money that comes in from the giving of the church's own members.

Take a look at the pretty picture below and you'll get an idea as to how, where and what (and you'll see that the 'what' with regard to 'all it's money' means a subsidy of some 21% of the total money needed/used):



I hope this quick response provides some useful answers,

V

1 comment:

UKViewer said...

Vic,

Thanks for the overview. I've got detailed breakdowns for our diocese and your figures are pretty accurate. Figures for 2012 Share for stipend are below:

The Parish Share is split into 2 main components

1. Cost of Ministry:

The cost of each stipendiary priest is calculated thus:
Stipend (Actual)£23.639
Employers NI (Average)£1423.
Future Pension Contribution (Actual)£7,980
CME (Actual)£236
Sub Total £33,278
Housing, Council Tax & Water Rates (Average)£1,849
Repairs & Maintenance £5,559
Sub Total £7,408
Total Ministry Cost £40,686

Total Budget for 2012 is £40,686 x xxx parochial posts = XXXX

2. Diocesan Shared Costs

The Diocesan shared cost budget. This is allocated in proportion to a computed factor called “Deanery Potential”. This is calculated thus:

Average Weekly Attendance for each church over last 3 years per October “census” (2008, 2009 & 2010) = A
Average Electoral Roll size for each church over last 3 years per APCM returns (2009, 2010 & 2011) = B
60% of A + 40% of B = C
A deprivation factor determined by the 2011 Index of Multiple Deprivation provided by the Government. This is scaled into classifications from 5 to 12 = D
C is multiplies by D = E
From E is taken a factor of 60 for each church building within the deanery = F
F = Deanery potential

The total budget for this element for 2012 is £XXXXXXX

3. Deanery Allocations Under Diocesan Financial Management deaneries are free to allocate Parish Share in whichever manner is most suitable for their purposes.