Diocesan Budget Income from Diocesan Investments Other income - PowerPoint PPT Presentation

Diocesan Budget Income from Diocesan Investments Other income from Fees / Grants / SDF Gross Parish Share Lowest Income Communities Fund Parish Share Requested

Parish Share Requested Deanery Deanery Ministry Allocated Attendance Weighting: 70% Weighting: 30% Modified by Ability to Give drawn from Income (Experian) Data Reapportioned to take account of the LICF 30 Parishes (N&S has 1) Initial Deanery Allocation

Parish Share Requested Is this more YES than was (inc NO PAID in N&S) 2017? Increase by Hold at 2017 Paid 2017 +5.3% paid (CPI+3%) Actual Share Request £6,022,900 Newark & S’Well Diocesan Reserves £605,000 if needed to vs. 2017: £772,900 balance budget

Newark & S’Well £605,000 +£30,000 LICF =£635,000 Benefice Ministry Benefice Ministry Allocated Allocated Weighting: 50% Weighting: 50% Modified by locally determined ability to give (+/- 10%) Allowance for Buildings

Calculated Share Balderton/Barnby/Collingham £48,095 Beck & Trent £36,351 East Trent £43,528 Octave £30,299 Edingley & Halam £25,892 Farndon/Hawton £31,212 Newark: St M & St L £61,467 Newark: Christchurch £41,164 Farnsfield et al £31,911 North Western £39,293 Ollerton / B&E £39,332 Riverside £33,284 West Trent £55,520 Southwell £75,216 Tuxford £42,392

Is this more than was PAID in 2017?

Calculated 2017 Share +5.3% Balderton/Barnby/Collingham £48,095 £66,303 Beck & Trent £36,351 £35,787 East Trent £43,528 £27,429 Octave £30,299 £24,878 Edingley & Halam £25,892 £22,386 Farndon/Hawton £31,212 £35,502 Newark: St M & St L £61,467 £55,388 Newark: Christchurch £41,164 £18,954 Farnsfield et al £31,911 £38,030 North Western £39,293 £19,348 Ollerton / B&E £39,332 £46,959 Riverside £33,284 £32,486 West Trent £55,520 £63,137 Southwell £75,216 £87,817 Tuxford £42,392 £30,296

Is ‘Paid 2017+5.3%’ more than YES Calculated Share? Hold at 2017 paid +5.3%

Calculated 2017 Share +5.3% Request Balderton/Barnby/Collingham £48,095 £66,303 £66,303 Beck & Trent £36,351 £35,787 East Trent £43,528 £27,429 Octave £30,299 £24,878 Edingley & Halam £25,892 £22,386 Farndon/Hawton £31,212 £35,502 £35,502 Newark: St M & St L £61,467 £55,388 Newark: Christchurch £41,164 £18,954 Farnsfield et al £31,911 £38,030 £38,030 North Western £39,293 £19,348 Ollerton / B&E £39,332 £46,959 £46,959 Riverside £33,284 £32,486 West Trent £55,520 £63,137 £63,137 Southwell £75,216 £87,817 £87,817 Tuxford £42,392 £30,296

Is ‘Paid 2017+5.3%’ more than NO Calculated Share? Increase in line with Initial Allocation

Calculated 2017 Share +5.3% Request Balderton/Barnby/Collingham £48,095 £66,303 Beck & Trent £36,351 £35,787 £36,351 East Trent £43,528 £27,429 £43,528 Octave £30,299 £24,878 £30,299 Edingley & Halam £25,892 £22,386 £25,892 Farndon/Hawton £31,212 £35,502 Newark: St M & St L £61,467 £55,388 £61,467 Newark: Christchurch £41,164 £18,954 £41,164 Farnsfield et al £31,911 £38,030 North Western £39,293 £19,348 £39,293 Ollerton / B&E £39,332 £46,959 Riverside £33,284 £32,486 £33,284 West Trent £55,520 £63,137 Southwell £75,216 £87,817 Tuxford £42,392 £30,296 £42,392

Is ‘Paid 2017+5.3%’ YES more than NO Calculated Share? Hold at Increase in 2017 line with paid Initial +5.3% Allocation Remove LICF for Ollerton & Christ Church Figure Requested for each Benefice

Calculated 2017 Share +5.3% Request Balderton/Barnby/Collingham £48,095 £66,303 £66,303 Beck & Trent £36,351 £35,787 £36,351 East Trent £43,528 £27,429 £43,528 Octave £30,299 £24,878 £30,299 Edingley & Halam £25,892 £22,386 £25,892 Farndon/Hawton £31,212 £35,502 £35,502 Newark: St M & St L £61,467 £55,388 £61,467 Newark: Christchurch £41,164 £18,954 £26,164 Farnsfield et al £31,911 £38,030 £38,030 North Western £39,293 £19,348 £39,293 Ollerton / B&E £39,332 £46,959 £31,959 Riverside £33,284 £32,486 £33,284 West Trent £55,520 £63,137 £63,137 Southwell £75,216 £87,817 £87,817 Tuxford £42,392 £30,296 £42,392

Figure Requested for each Benefice Offers received in Response to Requested Figure Does total of offers YES received add NO up to at least £605,000? Standing Standing Committee Committee makes the final reviews offers allocation to Benefices Agree individual Parish Allocations and send them to the Finance Dept