Stewardship

Fairer Shares and Diocesan Finances

Understanding your Fairer Shares assessment

The Diocese of Southwark operates a "FAIRER SHARES" Scheme and the Fairer Shares (quota) payments by parishes fund the pooled cost of Diocesan ministry and support. This allows the Diocese of Southwark to have clergy in every parish – including those parishes which otherwise could not support a minister.

The cost of maintaining and supporting our clergy in 2015 is:

Based on one full-time priest

Annual

Weekly

Clergy Stipend/NI/Pension

36,300

           698

Clergy Housing

11,300

           217

Other Direct Ministry Costs

11,700

           225

Total Ministry Costs

59,300

        1,140

Wider Church Responsibilities

11,200

           215

Total Parish Costs

70,500

        1,355

The two categories of Total Ministry Costs  and Total Parish Costs are allocated in proportion to the number of stipendiary clergy posts in a parish (excluding curates whose costs are largely met from diocesan funds). 

As a diocese and individual churches we have responsibility for wider Church responsibilities. Each parish’s share of those costs equates to £11,200 per year and covers safeguarding, area mission teams, administration, governance in addition to groups like Welcare and the Board of Education and our national church responsibilities.

Using the information above, you should be able to work out whether you are a net receiver (i.e. you pay less than £1,355 per week) or a net giver (i.e. you pay more than £1,355 per week). This information can often help with stewardship campaigns and you should make the congregation aware of these figures.

 

Further information

More information on the Diocesan budget is available in the Money Matters leaflet and on the Board of Finance pages.