On Saturday 17 October at Wells Cathedral, the newly-elected Bath and Wells diocesan Synod met for the first time.
Two main items of business were the approval of the 2016 Diocean Board of Finance (DBF) budget, which proposed an increase in Common Fund of 1% – the lowest increase in three years – and an update on progress with the new diocesan strategy. The strategy, currently in the early stages, is being development by a small team appointed by the Bishop – watch this space for updates in the coming months!
As part of the budget discussions, Synod unanimously agreed to the establishment of a diocesan Mission Development Fund to resource the developing strategy into the future and enable applications to the national church’s Strategic Development Fund. The diocesan fund is to be set up with an initial investment of £1 million which will be transferred from DBF general reserves into a designated fund.
Commending the establishment of the fund in his opening address, Bishop Peter Hancock said, “Establishment of a Mission Development Fund is a very positive sign of our confidence and hope for the future growth of the diocese. I believe that to see the diocese growing, both numerically and spiritually, will require not only careful thought, planning and prayer, but specific, intentional and focused investment of our time, energy and resources.”
Read Bishop Peter’s opening address in full below.