Oxford Diocesan Synod. Draft 2017 Budget, Projections INDEX

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1 ODS Oxford Diocesan Synod Draft 2017 Budget, s INDEX Draft Budget Strategic Overview 2 Commentary to Budget and Financial s Draft Budget compared to 2016 Budget 4 Draft Budget 2017 compared to Forecast 2016 showing Vote figures for Heads 1 5 and s Capital Budget Heads 7 & 8 6 Summary Balance Sheet s Draft Deanery Share Allocation 2016 Forecast revenue budget outturn

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3 Oxford Diocesan Synod 2017 Draft Budget Strategic Overview The 2017 draft budget seeks to take forward the work of the diocese through the focus of the Archdeaconry Mission Action plans and in the light of significant challenges facing the church nationally. Primarily the work of the church is undertaken in the life and ministry of local parishes. The major part of the budget, approximately 70%, will be spent on clergy stipends, employment on costs and housing to facilitate the provision of ministry locally. Although the National Stipends Benchmark is set for 1.5% in 2017 a 2% stipend increase has been provided with the intention of helping to raise stipends somewhat while generally inflation is low. However the national church has, in the last few days, made us aware that from April 2017 we may need to pay the new apprenticeship levy on the payroll cost for clergy and has advised that provision should be made for a further 0.5% on the NI(National Insurance)able stipend bill to meet these costs. The Standing Committee of the ODBF will consider how best to address this as more information becomes available. A 2% salary allocation for diocesan staff will be used to help implement the new staff salary structure. While much of the mainstream support work of the diocese continues to be focussed on local needs and responding to archdeaconry and deanery plans there are a number of areas it may be helpful to highlight. The Vocations team has been increased and in 2017 will be at full strength with the Diocesan Director of Ordinands and two full time Area DDOs. Additionally, a half time Vocations Advisor is being funded in Berkshire to supplement the volunteer team. They will be working with parishes to meet the national target of increasing the number of people being trained for ordained ministry by 50% by They will also be working alongside those engaged in the broader work of encouraging greater depth of discipleship amongst lay people and of exploring lay vocations and lay ministry opportunities. Careful discussion is taking place in the Bishop s Staff and in the Board of Mission about most effective way of supporting and strengthening discipleship. 30,000 has been allocated to this work in 2017 subject to agreement about the detail of its use being reached. Alongside the activity to increase the number of ordinands the national church has also agreed changes to the ways that ordination training is agreed and funded. This comes under the heading of RME Resourcing Ministerial Education. The Oxford Diocese is one of those piloting the new financial payment arrangements which will exist between dioceses, Theological Education Institutions (TEIs) and the Ministry Division. The increase in number of those in training is likely to take some time to build. In 2017 we do not expect the number to be significantly higher and a relatively small provision has been made for increased numbers and for the changing pattern of funding. It is anticipated that there will be more impact in future years. Following Canon Angela Tilby s retirement the Board of Mission is reviewing the way in which Continuing Ministerial Development (CMD) is provided for clergy. This half time post was part of the diocesan canon s role and funded by the Church Commissioners. The Cathedral wish to use the post in another way, so provision has been made to provide alternative staff support for the provision of CMD.

4 The Diocese continues to support the work of groups and bodies that make a significant contribution in the wider community PACT, the Council for the Deaf as well as to the Oxford Diocesan Board of Education. The ODBF continues to contribute towards funding of a postholder in the Diocesan Board of Education to make bids for new Free Schools. This work is becoming established as an important part of the rapidly developing education function. As part of the Oxford Archdeaconry Mission Action Plan funding is being allocated to provide a half time chaplain to work at Oxford Brookes - a university of 17,500 students with no other Anglican chaplaincy support. A small grant has been made available to take forward some of the key recommendations of the Rural Strategy Group. There has also been a small increase in the Partners in World Mission budget to support significant progress in the development of relationships with partner dioceses and to allow participation in the Kirchentag. Compliance continues to make increased demands, particularly in the area of safeguarding. The diocese s staffing needs have been revisited in the light of Stephen Barber s forthcoming retirement and it is intended to replace him with a full time Diocesan Safeguarding Advisor working alongside a colleague on a time limited role focussed partly on case work and partly on the oversight of training provision. National requirements mean that we must provide a comprehensive training programme at a variety of levels to meet national criteria. This includes initial and refresher training for all our licensed ministers. Going forward we will also need to provide training for churchwardens and possibly for PCC members. We are investigating different forms of training, including web based packages, to enable us to meet the training needs of very large numbers of people. Work in development areas and in new communities continues to be a high priority. It is intended to use the income from significant glebe sales to buy a number of houses in key areas and to use the designated surplus from previous years to fund a number of new posts on a 10-year transitionary basis in line with deanery and archdeaconry planning. There is a recognition that much more could be done and thought is being given to ways forward that are creative and sustainable. As ever the level of vacancies is uncertain and a significant reduction in the vacancy rate in the first half of 2016 has led to a slight reduction in the vacancy level used in the assumptions for 2017 (30 to 29 posts). If the vacancy rate is higher it will give more comfort to a slim budgeted surplus of 14,000. The commitment to provide high quality, cost effective services continues. No inflationary increase has been made for non-staff costs, except with regard to building costs. The parameters of the budget have been constructed with an average share increase of 1.75%, recognising that some deaneries and parishes will experience higher local increases. It also assumes a reduced rate of under-collection of 2.75% as deaneries move forward in their plans to return to full levels of giving. We are fortunate in our glebe investments and are working with our investment managers to at least maintain, and if possible increase the expected return of 4% while maintaining capital values. Rosemary Pearce Diocesan Secretary October 2016

5 A Introduction 2017 ODBF Draft Diocesan Budget with s to 2020 ODS The draft 2017 budget as presented to Diocesan Synod in June showed an overall surplus of 43K. Bishop s Council now recommend to Synod the budget with a draft surplus of 14K. This is possible as any variations would be managed from our general reserves. B Changes and considerations to the budget since June The 2017 budget has been reviewed over the summer in light of the emerging results for 2016, resulting in a budgeted surplus of 14K for 2017, a net 29K decrease on the draft presented to June Diocesan Synod. The following budget changes have been made: 1. Clergy post number changes: the Archdeacons have advised of changes to stipendiary posts for the 2017 share allocation. This requires the return of a stipendiary post to the diocesan budget for Woosehill in the Sonning deanery, with an additional cost for 2017 of 37.7K. 2. Parish share changes: changes to ministry posts are outside of capping in the share allocation, and if a deanery gains a post the ministry costs in their share will be increased by the cost of the post. The stipendiary post change above increases the share allocation by 46.6K an overall improvement to the budget of 8.9K due to housing costs, before a 2K reduction for related adjustments to the share under-collection and rebates provisions. 3. Stipendiary vacancy numbers have been considered in light of the 2016 average to date of 28. These are currently included at a net 30 in the 2017 budget (32 less 2 emergency posts). Vacancy rates in 2015 averaged 33, and this high rate continued in the first few months of 2016, however the number of vacancies has dropped over the summer reducing the 2016 average. We propose to decrease the vacancy number by 1 to net 29, an additional cost of 37.7K. 4. The impact of 2 capital building projects in Maidenhead and Old Marston where the Diocese will be rebuilding vicarages rather than buying and selling will adversely impact the net Buildings budget by 59K, due to additional rental costs and loss of rental income through the construction period. 5. The National Church apportionment Votes 1-5 for 2017 have now been confirmed by General Synod, with an overall 3.9% increase before pooling. Oxford Diocese receives a 13K reduction in costs via the pooling adjustment for training in 2017, leading to a total C:\Users\petronellas\Desktop\caroline\ODS 16.10c 2017 Draft Budget.docx

6 ODS net apportionment of 1,906K for 2017, an increase of 12K compared to the draft budget. 6. Partnership in World Mission have requested 12K additional funding for 2017 particularly for funding events with the link dioceses of Vaxjo, Kimberley & Kuruman and Nandyal. 7. An additional 40K has been included in the budget for increased safeguarding work, with the recruitment of an assistant safeguarding officer, time limited to 5 years, to support the current safeguarding post K was provisionally included in the first draft budget for the additional costs for one term resulting from changes in Resourcing Ministerial Education. More information is now available and the financial impact is anticipated to be significantly lower in A provision of 10K has been made which should comfortably cover the additional cost, a budget saving of 20K. 9. Income generated from glebe rents and investments has been reviewed in light of changes in Additional rental income is now being received from a wind turbine and from property previously vacant, and as a result the income budget has been increased by 55K. An additional 50K has been included in the budget for investment income from the interim investment of sale proceeds of the glebe farms before the funds are used for purchase of houses in new communities. The above changes lead to a provisional budgeted surplus of 14K subject to share under collection not exceeding 2.75%. Areas with no change: 1. Provision for a 2% stipend increase from April 2017 is included in the draft budget and the level of increase will be considered by Bishop s Council early in The National Minimum Stipend has not yet been set, this will be determined by the National Church after September inflation figures are published. 2. A 2% provision has been included in the draft budget to allow for possible staff salary changes resulting from the outcome of the review of the current pay structure to be implemented in 2017, and a possible cost of living increase. C Board of Mission funding An additional allocation of 100K funding to the Department of Mission has been included for additional safeguarding work, Continuing Ministerial Development, funding for C:\Users\petronellas\Desktop\caroline\ODS 16.10c 2017 Draft Budget.docx

7 ODS discipleship and projects linked to recommendations from the rural strategy group. Detailed spending plans have yet to be agreed with Senior Staff and the Board of Mission and will be reported to Bishop s Council at its next meeting. D Revised 2017 budget assumptions Given the above changes, the revised budget assumptions for 2017 therefore become as follows: Stipend increase 2% (2016:2%) Provision for salary changes 2% (2016:2%) Share increase 1.75% (2016:1.25%) Share under collection 2.75% (2016 3%) Clergy vacancies 29 (2016: 26) 31 less 2 emergency posts Clergy pension contributions 39.9% of National Minimum Stipend ( %) Buildings repairs increase 2% ( K decrease from 2015) Stipendiary clergy posts: (2016: 323.5) E Financial s The projections are built on the key assumptions listed in the summary paper, in particular on the premise of equal stipend and share increases and a 0.25% p.a. improvement in share under collection. The improvement in the bottom line between 2017 and 2018 is due to the ending of one off costs from 2017 and Buildings extra rental costs for capital projects ( 59K)) as well as the 0.25% decrease in share under collection. F Capital Budgets houses and other The Director of Buildings has provided a detailed basis for the projected movements per fund in Head 8 for projections are based on an average of 4 sales and 4 purchases of clergy houses per year. In addition, 6 new houses for development posts in new communities are included using glebe capital funding, from the forthcoming sale of glebe land. G 2016 Draft Share allocation The 2017 draft share allocation was presented to Synod in June, with the understanding that ministry costs were subject to update by the archdeacons over the summer to reflect post changes. The archdeacons have provided details of post changes, and these are summarised at the end of the attached share allocation. No other changes have been made to the draft share allocation as presented in June in order to enable deaneries to plan their allocations. Alison Jestico October 2016 C:\Users\petronellas\Desktop\caroline\ODS 16.10c 2017 Draft Budget.docx

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10 Oxford Diocesan Board of Finance Draft Diocesan Budget 2017 and s 2018 to 2020 ODS Income and Expenditure Heads 1 to 6 Items in 2017 outlined in bold are sums subject to vote in the Autumn session of Synod Forecast 2016 Draft Budget Change from Change from Budget Change from Change from % of Budget Net Expenditure Net Budget Forecast 2016 to Draft Budget 2017 % of Expenditure Net 2017 to 2018 % of Expenditure Net 2018 to 2019 % of Expenditure Net 2019 to 2020 % of Expenditure 000 % % % % % % % % % Parochial stipends, N.I. & pension contributions (12,962) 71.4 (13,078) (116) (0.9) 69.6 (13,340) (262) (2.0) 69.9 (13,607) (267) (2.0) 69.9 (13,879) (272) (2.0) 70.0 Housing and all other Head 1 costs (1,033) 5.7 (1,144) (111) (10.7) 6.1 (1,161) (17) (1.5) 6.1 (1,186) (25) (2.2) 6.1 (1,211) (25) (2.1) 6.1 Parochial Ministry Head 1 (13,995) 77.1 (14,222) (227) (1.6) 75.7 (14,501) (279) (2.0) 76.0 (14,793) (292) (2.0) 76.0 (15,090) (297) (2.0) 76.1 Administration Head 2 (715) 3.9 (781) (66) (9.2) 4.2 (797) (16) (2.0) 4.2 (813) (16) (2.0) 4.2 (829) (16) (2.0) 4.2 Finance Head (1.6) (1.7) (1.6) (1.6) (1.6) Mission in the Diocese Head 3 (2,712) 14.9 (3,053) (341) (12.6) 16.2 (3,028) (3,083) (55) (1.8) 15.8 (3,113) (30) (1.0) 15.7 National Church contributions Head 4 (1,021) 5.6 (1,055) (34) (3.3) 5.6 (1,076) (21) (2.0) 5.6 (1,098) (22) (2.0) 5.6 (1,120) (22) (2.0) 5.6 Total Expenditure (18,144) (18,798) (654) (3.6) (19,089) (291) (1.5) (19,474) (385) (2.0) (19,839) (365) (1.9) Share net of allowance for rebates and under collection Head 6 18,431 18, , , , Surplus / (Deficit) Head (272) (34) (40) Items in bold outline are net spending and subject to Synod vote Key Assumptions: Annual increase in Parish Share on prior year 1.25% 1.75% 2.00% 2.00% 2.00% Average number of stipendiary clergy & layworkers in post Curates in training - expected average Average clergy vacancies Pay cost per stipeniary post 37k 38k 38k 39k 40k Stipend increase from 1st April 2.0% 2.0% 2.0% 2.0% 2.0% Salary increase from 1st April 2.0% 2.0% 2.0% 2.0% 2.0% Oxford Diocese General Cost Inflation 0.0% 0.0% 0.0% 0.0% 0.0% Annual increase in clergy housing repairs 0.0% 2.0% 2.0% 2.0% 2.0% Clergy pension contribution rate 39.9% 39.9% 39.9% 39.9% 39.9% Staff defined benefit contribution rate for old scheme 29.2% 29.2% 29.2% 29.2% 29.2% Staff defined contribution rate for new scheme 12.0% 12.0% 12.0% 12.0% 12.0% Anticipated share undercollection rate 3.0% 2.75% 2.50% 2.25% 2.00% C:\Users\petronellas\Desktop\caroline\ODS 16.10e Draft 2017 Budget income, expenditure and projections ] 11:29 AM

11 ODS16.10 Oxford Diocesan Board of Finance Draft Diocesan Capital Budget 2017 and s 2018 to 2020 Capital Budget- Head Forecast Budget Capital Expenditure Computers and ICT Office equipment Capital Receipts Net Capital Expenditure Head Item in bold outline is net expenditure therefore Synod vote required. Capital Transactions (Houses) - Head 8 Houses Houses Houses Houses Houses Board Property transactions: designated funds Capital improvements to Bannister House (517) Sale of Diocesan Church House - 3, Equity Loan repayment (164) Purchases of Board houses 4 (2,336) 1 (555) (505) Major capital improvements - Board (20) (85) Sales of Board houses: designated funds 2 1, , Board Property Fund Net cash inflow /(outflow) Head 8 (2,011) 3, (13) Parsonage property transactions: restricted funds Purchases of parsonage houses - 2 (901) - 4 (2,000) 4 (2,000) Major capital improvements/new builds - Parsonage (199) (990) (881) - - Sales of Parsonage houses , , ,000 Parsonage Property Fund Net cash inflow /(outflow) (199) (958) Glebe funded working assets : restricted funds Purchases of Glebe funded houses 1 (530) 3 (1,768) 2 (1,110) - 1 (555) Major capital improvements/new builds - Glebe funded houses (100) Sales of Glebe funded houses and related land 1 1, Glebe funded working assets fund net cash inflow/(ouflow) 523 (1,768) (1,110) - (63) C:\Users\petronellas\Desktop\caroline\ODS 16.10f Draft 2017 Capital Budget & s Capital Funds :39 AM

12 ODS Oxford Diocesan Board of Finance Draft Diocesan Budget 2017 and s 2018 to 2020 SUMMARY BALANCE SHEET PROJECTIONS IN RESPECT OF UNRESTRICTED FUNDS ONLY as at 31 December Note 2015 Actual m 2016 Forecast m 2017 Budget m 2018 m 2019 m 2020 m Assets Fixed Assets Debtors less Creditors (2.1) (2.1) (2.1) (2.1) (2.1) (2.1) Cash,Deposits and Investments Capital and Reserves Designated Funds General Funds Note The summary balance sheets are based on unrestricted (general and designated) funds only, therefore exclude parsonage houses and glebe assets, but including board properties valued at 71.3M at 31 December 2015 Given the uncertainty in fluctuations in house prices, no increase in value has been included in the property projections Cash movements include the use of designated funds and projected surpluses in addition to property transactions C:\Users\petronellas\Desktop\caroline\ODS 16.10f1 Draft 2017 Capital Budget & s

13 2017 Share Allocation: Draft for November Synod Costs of Ministry 2. Church of the Future 3. Support Costs ODS Gross Allocation Ministry costs for posts financially supported by the Diocese Gross Ministry Cost Electoral Roll average October Sunday Attendance (OSA) National Church and direct training costs Stipendiary posts as per final share allocation for 2016 Archdeaconry Posts Total stipendiary House for Duty Average Diocesan Proportion Average Diocesan Proportion Deanery Average Value Ability to contribute Deanery cost 37,654 8,937 13,500 4,017,000 4,776,000 Posts Houses Posts % % % Oxford Archdeaconry ,887 (69,887) Cowley ,092 32, , ,734 1, % % % 66,682 79, ,698 Oxford ,916 37, , , ,661 2, % 3, % % 281, ,798 1,305, ,266,895 1,266, ,500 1,280,395 4, % 4, % 8.67% 348, ,080 2,042,749 Relative Deanery Community Profile score Membership proportion x Deanery Profile Score = Ability to contribute National and Diocesan Support Costs Berks Archdeaconry ,591 (46,591) - Bracknell ,092 6, , ,117 2, % 1, % % 174, , ,613 Bradfield ,728 4, , , ,245 1, % % % 119, , ,397 Maidenhead and Windsor ,861 6, , , ,289 2, % 1, % % 192, ,248 1,085,353 Newbury ,865 7, , , ,896 2, % 1, % % 173, ,323 1,153,753 Reading ,304,548 14,057 1,318, ,318,605 3, % 2, % % 219, ,770 1,798,703 Sonning ,456 8, , ,489 3, % 1, % % 257, ,142 1,317, ,370,141 4,370, ,500 4,464,641 15, % 9, % 28.31% 1,137,213 1,352,086 6,953,940 Bucks Archdeaconry ,591 (46,591) - Amersham ,047 7, , , ,196 3, % 2, % % 356, ,631 1,606,135 Aylesbury ,856 5, , , ,153 1, % 1, % % 126, , ,133 Buckingham ,955 2, , , % % % 55,435 65, ,402 Burnham and Slough ,229 7, , , ,219 2, % 1, % % 142, ,548 1,232,371 Claydon ,955 2, , , , % % % 71,904 85, ,952 Milton Keynes ,001 5, , , ,052 1, % 1, % % 83,955 99, ,825 Mursley ,955 2, , , , % % % 67,084 79, ,901 Newport ,546 2, , , , % % % 77,930 92, ,153 Wendover ,728 3, , ,092 1, % % % 132, , ,141 Wycombe ,820 8, , , ,730 2, % 2, % % 234, ,918 1,467, ,208,683 5,208, ,000 5,451,685 17, % 11, % 33.60% 1,349,312 1,604,257 8,405,254 Dorchester Archdeaconry ,591 (46,591) - Abingdon ,847 5, , , ,612 2, % 1, % % 152, , ,746 Aston and Cuddesdon ,683 6, , , ,398 2, % 1, % % 192, ,293 1,086,704 Bicester and Islip ,728 4, , , ,361 1, % % % 92, , ,480 Chipping Norton ,137 3, , , ,253 1, % % % 89, , ,337 Deddington ,910 5, , , ,076 1, % % % 88, , ,402 Henley ,728 4, , , ,861 1, % % % 130, , ,513 Vale of White Horse ,955 2, , , , % % % 69,494 82, ,157 Wallingford ,728 4, , , ,361 1, % % % 83,955 99, ,134 Wantage ,955 2, , , % % % 61,058 72, ,191 Witney ,319 4, , , ,968 1, % 1, % % 124, , ,551 Woodstock ,137 3, , , ,253 1, % % % 96, , , ,248,718 4,248, ,000 4,626,719 14, % 9, % 29.43% 1,182,605 1,406,056 7,215,380 OXFORD DIOCESE ,094,437 15,094, ,000 15,823,440 51, % 35, % 100.0% 4,017,404 4,776,479 24,617,323 C:\Users\petronellas\Desktop\caroline\ODS 16.10g 2017 draft share allocation for November Synod

14 2017 Share Allocation: Draft for November Synod 2016 ODS Distribution of Glebe 5. Opportunity Costs (re House for Duty) Rural and Deprivation Support Balance of Glebe Total Glebe Allocation Total 2017 Share Allocation after support from Glebe and Opportunity cost Prior year allocation (ODS 15.12) Final Share Allocation 2014 Fees 2016 net reimbursed in share payable 2016 share Movement from 2015 to 2016 Net Movement from 2014 Share Allocation Transitional adjustment Capping Minimum Maximum Allocated Capping 2017 Net share payable after capping (1.00)% 4.00% Deanery Oxford Archdeaconry Cowley Oxford Berks Archdeaconry Bracknell Bradfield Maidenhead and Windso Newbury Reading Sonning Bucks Archdeaconry Amersham Aylesbury Buckingham Burnham and Slough Claydon Milton Keynes Mursley Newport Wendover Wycombe Dorchester Archdeaconr Abingdon Aston and Cuddesdon Bicester and Islip Chipping Norton Deddington Henley Vale of White Horse Wallingford Wantage Witney Woodstock OXFORD DIOCESE 1,800,000 1,557,909 3,357,909 % 160,166 61, ,239 4, , ,192 30, ,508 (48,294) (8.6)% Floor 554, , ,898 42, ,590 88,348 69, ,032 5,205 1,141,814 1,053,174 22,422 1,030,752 88, % Ceiling 1,042,642 1,095,301 1,141,814 (46,513) 1,095, , , ,271 9,766 1,653,712 1,613,366 53,106 1,560,260 40, % 1,653,712 (3,821) 1,649,891 13,162 58,326 71,488 4, , ,294 37, ,235 30, % 832, , , ,769-38,884 38,884 2, , ,742 30, ,538 9, % 593, , , ,609-67,065 67,065 5,009 1,013, ,928 70, ,803 15, % 987,949 1,037,845 1,013,279-1,013,279 89,810 72, ,718 23, , ,155 42, ,675 12, % 945, , , , , , ,072 10,165 1,476,466 1,444,402 72,399 1,372,003 32, % 1,429,958 1,502,178 1,476,466-1,476,466-77,768 77,768 5,808 1,233,545 1,233,185 62,625 1,170, % 1,220,853 1,282,512 1,233,545-1,233, , , ,995 51,939 6,172,006 6,071, ,892 5,756, , % 6,172,006-6,172,006-82,486 82,486 6,161 1,517,488 1,521,888 64,518 1,457,370 (4,400) (0.3)% 1,506,669 1,582,764 1,517,488-1,517,488 75,565 61, ,682 9, , ,827 45, ,597 42, % Ceiling 727, , ,323 (13,103) 764,220 64,574 24,261 88,835 1, , ,700 12, ,869 8, % 255, , , , ,469 92, ,659 6,885 1,011, ,704 48, ,577 55, % Ceiling 947, ,972 1,011,827 (16,855) 994,972 77,921 24, ,182 15, , ,785 18, ,884 6, % 305, , , , ,654 64, ,702 13, , ,305 38, ,488 12, % 591, , , ,213 44,314 24,261 68,575 10, , ,933 17, ,375 10, % 315, , , ,388 49,805 29,113 78,918 6, , ,116 22, ,496 13, % 363, , , ,498-38,817 38,817 2, , ,421 34, ,508 (11,996) (1.9)% Floor 631, , ,425 5, ,047 63,219 97, ,261 7,248 1,299,732 1,282,388 62,189 1,220,199 17, % 1,269,564 1,333,684 1,299,732-1,299, , ,596 1,191,117 81,219 7,132,918 6,983, ,704 6,617, , % 7,132,918 (24,336) 7,108,582-49,553 49,553 3, , ,038 39, ,816 39, % Ceiling 754, , ,492 (8,972) 792, ,926 63, ,132 18, , ,219 49, ,749 15, % 878, , , , ,355 38, ,251 21, , ,641 36, ,840 (9,569) (2.0)% Floor 470, , ,072 4, ,885 72,988 34, ,022 13, , ,602 30, ,987 (17,237) (4.0)% Floor 431, , ,365 12, , ,957 48, ,577 8, , ,206 41, ,646 (10,575) (2.0)% Floor 533, , ,631 5, ,814-38,896 38,896 2, , ,748 31, ,719 2, % 666, , , ,712 65,658 24,310 89,968 15, , ,327 10, ,848 (1,643) (0.5)% 321, , , ,684 12,172 38,896 51,068 2, , ,571 29, ,288 26, % Ceiling 488, , ,161 (6,847) 513,314 35,362 24,310 59,672 1, , ,091 19, ,022 (14,388) (4.5)% Floor 318, , ,703 11, ,870 56,633 43, ,391 7, , ,427 31, ,250 14, % 621, , , ,329 45,964 34,034 79,998 7, , ,632 24, ,231 (1,570) (0.3)% 464, , , , , ,513 1,057, ,479 6,054,373 6,009, ,106 5,666,396 44, % 6,054,373 18,225 6,072,598 1,800,000 1,557,911 3,357, ,403 21,013,009 20,677,641 1,076,808 19,600, , % 21,013,009 (9,932) 21,003,077 C:\Users\petronellas\Desktop\caroline\ODS 16.10g 2017 draft share allocation for November Synod

15 2017 Share Allocation: Draft for November Synod Statutory Fees Reimbursed 2017 Share Allocation after Capping and Fees reimbursed Distribution of allocation differential resulting from capping and housing Allocation adjusted for differential Increase / (decrease) Increase/ decrease in stipendiary minister posts Increase/ decrease in Houses for stipendiary ministers Increase/ decrease in House for Duty Minister posts Allocation of Total change Total 2017 share change in payable after archdeaconry ministry changes posts ODS Revised Clergy Nos Stipendiary Stipendiary Houses HfD Posts Deanery Oxford Archdeaconry Cowley Oxford Berks Archdeaconry Bracknell Bradfield Maidenhead and Windso Newbury Reading Sonning Bucks Archdeaconry Amersham Aylesbury Buckingham Burnham and Slough Claydon Milton Keynes Mursley Newport Wendover Wycombe Dorchester Archdeaconr Abingdon Aston and Cuddesdon Bicester and Islip Chipping Norton Deddington Henley Vale of White Horse Wallingford Wantage Witney Woodstock OXFORD DIOCESE Target 37,654 8,937 13,500 19,943,848 % Posts Houses Posts Posts Houses Posts (1.5) (56,481) (1.5) (13,406) - 69, , , ,621 (8,887) (1.68)% , ,937 - (32,642) 13, , ,252 1,075,049-1,075,049 44, % , ,937 - (37,245) (9,481) 1,065, ,221 1,595,670-1,595,670 35, % , , ,600, (1.0) (37,654) (1.0) (8,937) - 46, , , ,118 50, % (6,025) (6,025) 849, , , ,318 10, % (4,017) (4,017) 576, , , ,861 6, % ,500 (6,928) 6, , , , ,208 12, % (7,531) (7,531) 917, ,063 1,413, ,414,236 42, % ,750 (14,057) (7,307) 1,406, ,975 1,165, ,166,266 (4,294) (0.37)% (8,033) (8,033) 1,158, ,482 5,871,524 3,483 5,875, , % (1.0) (37,654) (1.0) (8,937) ,250 - (26,341) 5,848, ,849 1,456, ,457, % ,457, , , ,785 26, % , ,937 (1.0) (13,500) 33, , , , ,968 5, % , , , ,357 35, % , , , ,877 2, % , , , ,881 20, % , , , ,456 11, % , , , ,397 9, % - - (1.0) (13,500) (13,500) 340, , , ,470 (6,038) (1.00)% , ,270 1,239, ,240,196 19, % ,240, ,363 6,740,219 2,664 6,742, , % , ,937 (2.0) (27,000) - 19,591 6,762, , , ,528 34, % , , , ,994 10, % , , , ,981 (4,859) (1.11)% , , , ,381 (1,606) (0.40)% ,500 13, , , , ,012 (4,634) (0.93)% , , , ,874 4, % , , , ,007 (4,841) (1.54)% , , , ,646 23, % , , , ,523 (2,499) (0.82)% , , , ,145 7, % , , , ,916 (315) (0.07)% , ,291 5,726,307 1,700 5,728,007 61, % ,500-13,500 5,741, ,069,357 19,933,720 7,847 19,941, , % , ,750-11,218 19,952, C:\Users\petronellas\Desktop\caroline\ODS 16.10g 2017 draft share allocation for November Synod

16 ODS Oxford Diocesan Synod 2016 Forecast Revenue Budget Outturn The budget for 2016 was set for a surplus of 75K. After consideration of activities to date and anticipated costs and income in the remainder of the year, the forecast surplus for 2016 has been revised to 287K, an improvement of 211K from budget. This change is primarily due to the following factors: Mission in the Diocese: Forecast underspends ( 115K) in the Department of Mission result from a number of unfilled posts during 2016 including the Generous Giving Adviser, Parish Giving Support, and other posts which were vacant for several months during the year. This gives a net saving of 145K, less additional forecast costs of 10K for Safeguarding and 20K support for the Partnership in Missional Church (PMC) project. A further 32K results from the recruitment of the Brookes University chaplain later than originally planned. Glebe income: The forecast is increased by a net 50K, to include additional rental income from a wind turbine and changes to tenancies, less loss of rent from the sale of some glebe land. The final outturn may include some additional investment income based on the current forecast from our investment managers but this has not been included because of uncertainties about the post Brexit situation in the last quarter of the year. Stipendiary ministry: Forecast costs currently remains as budget. Vacancies in the latter part of the year have been at their lowest level for some time (22.5 in August 2016) and if this low level continues this may result in these costs being slightly above budget. Parish share: The overall collection rate at 30 September was 71.5%, slightly below the September 2015 result but no change has been made to the forecast. As the surplus is slightly larger than planned, it will enable us to maintain our reserves and to set some funds aside for future initiatives in the Diocese. Alison Jestico October 2016 C:\Users\petronellas\Desktop\caroline\ODS 16.10h 2016 Forecast Revenue Budget Outturn.docx