1. Treasurers’ Day 25 September 2015 Bath & Wells Diocesan Board of Finance Changing Lives, Changing Churches for Changing Communities

2. INTRODUCTION Welcome, thank you for coming, enjoy the day! Health and safety:location of fire exits and toilets  Refreshments breaks ~ every 90 minutes Opportunity for questions throughout day Format of day  Lunch arrangements Feedback at end  Finish by 3.30 p.m.

3. Opening prayer Some verses from the Bible  1.1.1. Trust God will provide “Consider the lilies...” (Luke 12:22-34)  1.1.2. Connection between giving and your heart “For where your treasure is, there your heart will be also.” (Matthew 6:21 & Luke 12:34)  1.1.3. God’s Guidance “Do not be anxious about anything; but in everything, by prayer and petition, with thanksgiving, present your requests to God.” (Philippians 4:4-7)  1.1.4.Management important element of stewardship “Each one should use whatever gift he has received to serve others, faithfully administering God's grace in its various forms.” (1 Peter 4:10)

4. Who is the Diocese? 562 churches,470 parishes, 185 benefices 171 primary and 9 secondary schools (103 VC, 44 VA, 24 Ac) 203 stipendiary clergy, 56 employed staff (incl. 7 ALMs) £13m Income (incl. house sales), over £9m Common Fund  252 clergy houses (£55m)  3,100 acres of glebe agricultural land (£15m)  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 £94m Net Assets / Funds including: Both a registered charity and a company limited by guarantee 19 Deaneries, 3 Archdeaconries

5. What does the DBF do? 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

6. 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 members with 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

7. 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

8. Diocesan Finance Department Imogen Chris Sally Jessica Juliette RichardHannah