We need your help.
The General Synod is about to meet and there is one item on the agenda
(first thing on Saturday) which could transform the finances of the
Church of England and its parishes and I would like to ask you to write
to all of those who represent you on General Synod and ask them to
support this - the bishops, the clergy, and the laity.
We have six General Synod
reps from the Diocese of Truro - please do email them. Their names are listed here
Let me explain the situation. Back in 1997 the Church
Commissioners faced potential insolvency with £3.48 billion assets
against £2.2billion pension liabilities. The settlement transferred
future clergy pension obligations to dioceses via the Church of England
Funded Pension Scheme. In short the parishes (and dioceses) bailed out
the Church Commissioners and by 2020, the Commissioners’ funds had grown
to £9.05 billion against reduced liabilities of £1.48billion. Five
years later, they now stand at a whopping £11.1 billion. The
Commissioners’ crisis is well and truly over.
The
same can not be said of dioceses and parishes. Official Church figures
reveal a devastating picture: 83% of dioceses are running deficits
totalling £62 million in 2024, forcing parishes to sell clergy housing,
create "mega-parishes" where single priests serve 10+churches, and
extend vacancy periods that accelerate decline. Nearly 300 parish
churches closed between 2016-2021, with 300 more planned.
There is an obvious solution
to this and we, in the Save the Parish, have been collaborating with a
number of bishops and diocesan secretaries - and negotiating with the
national church and the Church Commissioners - to work out a new
financial settlement that could, if implemented, reverse so much of the
decline of the last thirty years.
What is the plan? To
bring in a Measure (a church law, with power of statute) allocating 1%
of the Church Commissioners’ endowment annually - out of its
distributable income (so we’re not dipping
into the actual endowment) - to Diocesan Stipends Funds. This would
mean an extra £110 million (at this year’s value) available to fund
clergy stipends, salaries, and pensions. At a stroke this would
obliviate diocesan deficits, allowing dioceses to get back to healthy
growth, and would not allow them to blow the money on wasteful central schemes.
So what is happening?
On Saturday, the Bishops of Hereford and Bath and Wells are moving a
motion (which was originally planned to be debated in February, before
the next three years’ funding was agreed, but it got shunted by clever
moves from the centre), which will call for a measure to be introduced
ensuring a transfer into Diocesan Stipends Funds of income to the value
of 1% of their endowment each year. If you click the video below, you
can hear the Bishop of Hereford explain his motion.
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