17 November 2011

This should bring down the deficit to £25,000. The onward projections include breaking even in 2013 and continuing below-inflation two per cent share increases to 2015.

Brian Newey, who chairs the Diocesan Board of Finance, said that a strategic review of central services was underway to identify possible savings. The early findings will be presented to Bishop’s Council in December.

At the same time, the way the parish share allocation is calculated is being examined to ensure it is fair across the board.
A new scheme should be available for consultation early in 2012, with the intention of rolling it out across the diocese in 2013.