2011 Budgetat a glance

March 2011www.lincoln.anglican.org/finance

The Diocese funds a wide

range of mission and

support using income

drawn from a

variety of sources.

The 2011 budget

reflects the lower

income levels of

the past two

years. Although

Deanery Share and

investment income

show increases over

2009 (the last year for

which actuals are

available), the amounts for

Share and investment income are

still significantly lower than 2008

levels (by £82,000 and £640,000

respectively).

Grants from National Church Institutions and

donations are expected to total £726,000.

Income at The Old Palace for

conferences, wedding receptions,

etc, subsidises the retreat and

quiet day programme and certain

office costs.

The budgeted investment income

is based on estimates provided by

agents and investment managers,

and includes rents received for the

Diocese’s land and property

holdings.

Income from some investments is

growing slowly, while we are now

anticipating an increase in others.

Some funds have been re-invested

at a lower return to preserve the

capital value of the portfolio.

Income 2011

Income budget 2011 £

Deanery Share

Grant and sundry income

National Church Institutions

Additional allocation

Allchurches Trust

Other income

Investment income

Glebe rents (net of costs)

DSF investments

General

Housing

Fees

Old Palace Project

Total income

5,150,363

389,938

175,000

130,000

31,100

726,038

818,583

1,684,940

40,600

45,164

2,589,287

633,600

83,308

9,182,596

Income permember per

week

3.85

0.29

0.13

0.10

0.02

0.54

0.61

1.26

0.03

0.03

1.93

0.47

0.06

6.86

56%

8%

1%

28% 7%

The largest part of our

expenditure is clergy

stipends (including

curates), and

supporting clergy

through housing

and other expenses.

This accounts for

71% of the budget.

Costs associated with

other aspects of

mission and mission

support, such as work

with young people,

Resources Consultancy, the

DAC, and Training, form the

next largest amount. Together

with sector ministries they account

for a further 20% of the budget.

Supporting the national

church accounts for a

further 4% of the budget.

The difference between

total income and total

expenditure (£394,156)

will be met through by the

Diocese’s Jubilee scheme,

which covers the cost of

clergy posts which are not

included in deaneries’

longer-term plans.

Presently there is the

equivalent of ten such

posts, which will be

funded from the proceeds

of house sales.

Deanery ministry

Future Church

Curates

Training

National training costs

Formation and Discipleship

Vocations

Sector ministries

Grant to Lincolnshire Chaplaincy Services

Chaplain to the deaf

Other mission and mission support

Parish support (eg DAC, Resources Consultancy)

Archdeacons and Rural Deans

Children & Young People’s work

Grants payable (eg church repairs, retired clergy)

National Church responsibilities (eg General Synod

and Archbishops’ Council)

Management & administration (eg insurance, office

overheads, audit, etc)

Total expenditure

5,910,584

887,956

407,000

198,465

81,266

686,691

277,200

27,265

304,465

594,502

165,689

104,396

49,504

914,091

385,900

487,065

9,576,752

4.46

0.67

0.31

0.15

0.06

0.52

0.21

0.02

0.23

0.45

0.12

0.08

0.04

0.69

0.29

0.37

7.23

Cost permember

per week

Expenditure 2011

Expenditure 2011 £

62%

5%

4%

10%

3%

7%9%

Share by Deanery

Expenditure by Deanery

Isle

of

Axh

olm

e

Co

rrin

ghamLa

wre

s

Manlake

West Wold

Yarborough

Bolingbroke

Calcewaite & Candleshoe

Grimsby & Cleethorpes

Haverstoe

Ho

rnca

stle

Lou

the

sk

Stam

ford

Beltisloe Christianity

Elloe East

Elloe West

Graffoe

Grantham

Holla

nd

Laff

ord

Love

de

n

Isle of Axholme £108,354

Corringham £142,455

Lawres £165,151

Manlake £225,905

West Wold £168,432

Yarborough £257,007

Bolingbroke £129,479

Calcewaite & Candleshoe £208,589

Grimsby & Cleethorpes £164,976

Haverstoe £261,922

Horncastle £223,489

Louthesk £203,881

Stamford £277,388

Beltisloe £303,215

Christianity £291,964

Elloe East £179,609

Elloe West £410,861

Graffoe £291,405

Grantham £223,637

Holland £437,887

Lafford £294,230

Loveden £180,526

£5,150,362

Isle of Axholme £188,462

Corringham £302,743

Lawres £291,350

Manlake £560,997

West Wold £283,713

Yarborough £440,064

Bolingbroke £238,877

Calcewaite & Candleshoe £548,866

Grimsby & Cleethorpes £638,611

Haverstoe £454,059

Horncastle £366,711

Louthesk £420,710

Stamford £341,891

Beltisloe £443,464

Christianity £660,214

Elloe East £333,944

Elloe West £647,927

Graffoe £541,053

Grantham £367,380

Holland £759,876

Lafford £501,059

Loveden £244,780

£9,576,752

In addition to parochial fees and other income generated

locally, each deanery receives an apportionment of the

income of the Diocese. The amount needed to balance the

deanery’s budget is the Deanery Share, which each

deanery apportions to its parishes. Is

le o

f A

xho

lme

Co

rrin

ghamLa

wre

sManla

ke

West Wold

Yarborough

Bolingbroke

Calcewaite & Candleshoe

Grimsby & Cleethorpes

Haverstoe

Horncastle

Lou

thesk

Sta

mfo

rd

Be

ltislo

e

Christianity Elloe East

Elloe West

Graffoe

Grantham

Holland

Laff

ord

Love

de

n

The budget is allocated across every deanery, and each

deanery funds the cost of its local ministry and its

proportion of other mission and ministry support costs.