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Showing posts from November 4, 2024

Diocese of Truro's Halloween budget - 10 key takeaways from draft report for November Synod

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You may be forgiven for not having caught up with the Diocese of Truro's draft budget report for 2025. It has only just been posted up on the Diocesan website, in sharp contrast with previous years when Diocesan Secretary Simon Cade has circulated draft budgets several months in advance, asking for comment.  It's no surprise that Church House will have wanted to keep this under wraps - it's their own 'Halloween' budget.  This isn't a budget for radical change. Rather a budget to manage a Diocese in chaos. A budget with a worryingly large deficit and a plan to plug ever increasing holes with fast-diminishing reserves. To read the details - due to be discussed at the Diocesan Synod on 23 November 2024 - click here. In the budget, the Diocese reneges on a public promise to Save The Parish Cornwall to stop a decline in clergy numbers: numbers are set to fall still further in 2025. Yet again, Church House costs will increase (despite pledges to cut them). And for the...

Diocese of Truro 2024 budget deficit to be 'significantly higher', Finance Director reports

 The Diocese of Truro's 2024 budget deficit will be 'closer to £5 million', significantly higher than the £3 million budgeted for, Director of Finance and Assets Sophie Eddy has reported to the Bishop's Diocesan Council. In a report to be discussed at the next Diocesan Synod (Saturday 23 November 2024), Eddy says 'This is almost entirely due to the significant increase in major works on parsonages to get them ready for the increased number of new clergy.' It is unclear when and where the 'increased number' will be appointed, as the draft budget envisages no rise in clergy numbers - click here to read . Eddy also reports a fall in the level of MMF (Mission and Ministry Fund) payment rates by churches,  which dipped to 95 per cent of budget in September 2024.  She reminded BDC members of 'the importance of achieving 100% rate to enable delivery of the Deanery plans'. As the controversial On The Way deanery plans have been rolled out, there has been...