In 2009 we estimate that we will need about £26 million to sustain the Church of England in London. 75% of this is needed simply to house and pay the clergy, and to provide for their pensions.
The Diocese of London is fortunate in that it has some resources from “yesterday’s congregations” which are invested in property and funds. The income is used to help pay the costs of keeping clergy in parishes, and to contribute towards the wider work of the Church of England. In 2007 the costs of £23.3 million were met through £17 million raised in Common Fund and £6.3 million being provided by investments and other income.
Briefly, money comes in from
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and the Diocese spends it on
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The basic running costs of the parish; heating, lighting, insurance, repairs, services etc; are paid for by the congregation. On top of this, supporting one full time priest in a parish and paying a fair share of the costs of other activities will amount to around £62,000 per parish in 2009.
This can be roughly divided into 3 parts:
More detailed information is available - a simple breakdown of the £62,000 is given here:
| £ | |
| Stipend | 20,880 |
| National Insurance (NI) | 1,220 |
| Pension contributions | 7,770 |
| Moving and resettlement grants | 630 |
| Council Tax | 1,900 |
| Housing | 8,920 |
| Training new clergy | 7,220 |
| Schools, chaplaincies, outreach | 2,170 |
| Areas and Deaneries | 3,700 |
| Parish Support Services | 5,030 |
| National Church | 2,970 |
| Total | 62,410 |
1. What is Common Fund?
2. Common Fund: a resource for mission in London
3. Who decides how much a parish pays?
