At the Diocesan Synod on the 11th November 2021, it was agreed to increase stipends by 2%. This will be reflected in Ministry Share by a 2% increase, as we expect all the figures below to increase through inflation.
There are a number of factors that need to be included when we consider the cost per minister. The cost of each full-time stipendiary (paid) member of the clergy in the Diocese for 2021 is broken down as follows:
- £41,043 is spent on their stipend (salary), National Insurance, pension and moving grants.
- £9,890 is spent on their housing and associated bills.
- £12,975 is spent on the cost of training new priests (ordinands and curates).
- £2,881 is given to the National Church to help support central costs.
- £9,089 is used for Parish and Area Support, such as the archdeacons, safeguarding, the ministry team and stewardship.
- £9,587 is spent on Central Diocesan Support, including finance, HR and communications
We are blessed to also have some additional income. For every stipendiary minister we have:
- £12,147 coming in through diocesan income, such as rent, dividends and interest.
- £5,053 coming in through diocesan fees for certain services, such as funerals and weddings.
- £2,167 coming in through savings from parishes currently in vacancy.
- £1,632 coming in through other income streams.
This leaves about £64,500 to be covered through the Ministry Share, roughly equal to the cost of the stipend, housing and training for a full-time minister.
