Treasurers’ Day 19 September 2014
Bath & Wells Diocesan Board of Finance
Changing Lives, Changing Churches for Changing Communities
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.
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
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
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 memberswith 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
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
Diocesan Finance Department
Imogen wef Oct 14 Chris Sally
Jessica - onmaternity leave
Juliette Richard
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