The Diocese of Portsmouth works like a network or family of parishes. Those parishes help each other through prayer, finances and mutual support. It's our system of parish share that ensures we have a presence in every community and can offer ministry and mission to all who come to us. This video helps to explain how it works.
One of the things that binds our diocese together is the shared commitment to fund our ministry for God’s mission across south-east Hampshire and the Isle of Wight. Each parish volunteers to pay a certain amount into the central diocesan budget, to be used to help fund that mission and ministry. The exact amount paid by each parish currently depends on the size of the congregation(s) and the socio-economic status of the area served by the parish. A complex formula tries to ensure that the amount suggested in parish share is fair to all.
Accounts and budgets
Our Diocesan Synod agrees a budget each November for the next calendar year. The setting of this budget helps to determine how much parish share each of our parishes is asked to contribute.
Our annual accounts for each calendar year are available by the summer of the next calendar year. Click here for details of our accounts and budgets from previous years.
Diocesan finance committees
The body which is ultimately responsible for approving our annual budget is our Diocesan Synod, which includes elected representatives from each deanery. But the Bishop's Council and finance committees are also involved in the process of setting budgets and monitoring our finances. There are two finance committees, each with slightly different roles:
- Diocesan Executive Finance Committee: (or Audit Committee): its main purpose is to carry out detailed monitoring and evaluation of key financial information on behalf of the Portsmouth Diocesan Board of Finance (PDBF), and the Bishop’s Council; review regular financial reports and indicators; and make recommendations to the PDBF and Bishop's Council on matters of financial strategy, policy and management.
- Diocesan Deaneries Finance Committee: (which includes all deanery treasurers): its main purpose is to carry out detailed monitoring and evaluation of parish share contributions; agree the approach to individual parish share backlogs with the Diocesan Stewardship Advisor; and communicate financial matters to Deanery Finance Committees.