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INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION

Registered charity 1031550 · accounts filings on the Charity Commission register

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Latest income
£1.7m
Latest spending
£1.9m
Registered
1994
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported an operational deficit of £129,728 for the year ended 31 December 2023, reversing a surplus in the prior year. However, unrestricted free reserves stood at £344,931, and the Trustees confirmed adequate resources and financing facilities to continue operations for the foreseeable future.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£70k)
“The numbers of staff whose emoluments (including taxable benefits in kind but excluding employer's pension contributions) amounted to more than £60,000 were as follows: 2023 Number 1 £60,001 - £70,000” — page 25
Per its FY2023 accounts as filed with the Charity Commission.
Reserves policy: nil balance (held: £345k)
“The policy previously agreed was to use unrestricted funds before any other funds until those unrestricted reserves reach a nil balance.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Joint employment and shared services with RDBF
“Employees of the Rochester Diocesan Board of Education are jointly employed by The Rochester Diocesan Society and Board of Finance '(RDBF)'. The RDBF operates both a defined benefit pension arrangement and defined contribution pension schemes, shared HR, IT, communication and financial administration services. The RDBF charge an apportionment of office and administration expenses for the shared premises.” — page 7
“During the year a surplus of £50,538 resulted from the Diocesan Schools Agency, which will be transferred to the Incorporated Rochester Diocesan Board of Education. A £6,000 contribution towards staff costs was received from The Diocesan Schools Agency to the Incorporated Rochester Diocesan Board of Education.” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Subsidiary trading company surplus and staff cost contribution
“Employees of the Rochester Diocesan Board of Education are jointly employed by The Rochester Diocesan Society and Board of Finance '(RDBF)'. The RDBF operates both a defined benefit pension arrangement and defined contribution pension schemes, shared HR, IT, communication and financial administration services. The RDBF charge an apportionment of office and administration expenses for the shared premises.” — page 7
“During the year a surplus of £50,538 resulted from the Diocesan Schools Agency, which will be transferred to the Incorporated Rochester Diocesan Board of Education. A £6,000 contribution towards staff costs was received from The Diocesan Schools Agency to the Incorporated Rochester Diocesan Board of Education.” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Owed to Diocesan Board of Finance
“Employees of the Rochester Diocesan Board of Education are jointly employed by The Rochester Diocesan Society and Board of Finance '(RDBF)'. The RDBF operates both a defined benefit pension arrangement and defined contribution pension schemes, shared HR, IT, communication and financial administration services. The RDBF charge an apportionment of office and administration expenses for the shared premises.” — page 7
“During the year a surplus of £50,538 resulted from the Diocesan Schools Agency, which will be transferred to the Incorporated Rochester Diocesan Board of Education. A £6,000 contribution towards staff costs was received from The Diocesan Schools Agency to the Incorporated Rochester Diocesan Board of Education.” — page 7
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.7m
Total spending
£1.9m
Reserves (reported)
£427k
Employees
3

Reported reserves equal ~2.7 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bexley · Bromley · Kent · Medway

Income and spending

Financial year endIncomeSpending
31/12/2024£1.7m£1.9m
31/12/2023£1.7m£1.9m
31/12/2022£1.6m£1.3m
31/12/2021£1.6m£1.7m
31/12/2020£215k£290k

Common questions

Is INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION financially healthy?

The accounts state that the charity reported an operational deficit of £129,728 for the year ended 31 December 2023, reversing a surplus in the prior year. However, unrestricted free reserves stood at £344,931, and the Trustees confirmed adequate resources and financing facilities to continue operations for the foreseeable future. Its FY2023 accounts were audited by Crowe U.K. LLP.

What does the highest-paid employee of INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION earn?

Per its FY2023 accounts, the highest-paid employee was in the £60,001 - £70,000 band.