{"id":90053,"date":"2020-02-28T09:00:08","date_gmt":"2020-02-28T14:00:08","guid":{"rendered":"http:\/\/kendallharmon.net\/?p=90053"},"modified":"2020-02-28T17:03:25","modified_gmt":"2020-02-28T22:03:25","slug":"church-times-lincoln-diocese-living-beyond-its-means","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=90053","title":{"rendered":"(Church Times) Lincoln diocese \u2018living beyond its means\u2019"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.churchtimes.co.uk\/topics\/diocese-of-lincoln\">diocese of Lincoln<\/a> \u2014 the wealthiest in the Church of Eng\u00ad\u00ad\u00ad\u00adland, with the lowest level of giving \u2014 has warned that it cannot continue to sell its assets to balance the books.<\/p>\n<p>This week, a rector in the diocese, who is also a member of the<a href=\"https:\/\/www.churchtimes.co.uk\/topics\/archbishops-council\"> Arch\u00adbishops\u2019 Council<\/a>\u2019s Finance Com\u00ad\u00ad\u00ad\u00ad\u00admittee, suggested that its historic wealth had \u201cblinded us to the real costs of mission and min\u00adistry\u201d, and that it would be \u201cimmoral\u201d to ex\u00ad\u00adhaust it.<\/p>\n<p>A statement issued by the diocese last week notes that it is running an annual cash deficit of about \u00a33 million, \u201cwhich has been steadily increasing for some years, and is not sustainable\u201d.<\/p>\n<p>\u201cFor several years, bridging the gap between the parish share income and the clergy stipend costs has been met by disposing of our assets,\u201d it says. \u201cAlthough this does result in an immediate injection of funds, we lose a proportion of the interest (in\u00ad\u00adcome) on the greater amount of the asset, thus putting further pressure on our finances.<\/p>\n<p>\u201cWhilst the diocese has some his\u00ad\u00ad\u00adtoric assets, by 2021 we will have reached the safe limit of what we can sell off to pay the deficit with\u00ad\u00ad\u00ad\u00adout caus\u00ading damage to those assets.\u201d<\/p>\n<p><a href=\"https:\/\/www.churchtimes.co.uk\/articles\/2020\/28-february\/news\/uk\/lincoln-diocese-living-beyond-its-means\">Read it all<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">A statement issued by the diocese last week notes that it is running an annual cash deficit of about \u00a33 million, \u201cwhich has been steadily increasing for some years, and is not sustainable\u201d.<a href=\"https:\/\/t.co\/CAonZJD0Ty\">https:\/\/t.co\/CAonZJD0Ty<\/a><\/p>\n<p>\u2014 Church Times (@ChurchTimes) <a href=\"https:\/\/twitter.com\/ChurchTimes\/status\/1233451548329431040?ref_src=twsrc%5Etfw\">February 28, 2020<\/a><\/p><\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The diocese of Lincoln \u2014 the wealthiest in the Church of Eng\u00ad\u00ad\u00ad\u00adland, with the lowest level of giving \u2014 has warned that it cannot continue to sell its assets to balance the books. This week, a rector in the diocese,<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=90053\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[389,149,199,184,108,441],"tags":[],"class_list":["post-90053","post","type-post","status-publish","format-standard","hentry","category-church-of-england-coe","category-economy","category-england-uk","category-parish-ministry","category-religion-culture","category-stewardship"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/90053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90053"}],"version-history":[{"count":2,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/90053\/revisions"}],"predecessor-version":[{"id":90056,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/90053\/revisions\/90056"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}