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MONMOUTH DIOCESAN BOARD OF FINANCE

Registered charity 1067653 · accounts filings on the Charity Commission register · also known as MONMOUTH DBF

To ensure that there is sufficient revenue to maintain the level of stipendiary ministry for the diocese and to enable the administrative functions of the diocese to be properly exercised.

Causes: Religious Activities · website · Get email alerts

Latest income
£3.8m
Latest spending
£3.7m
Registered
1998
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity made an unrestricted surplus of £407,207 for the year ended 31 December 2024, resulting in total unrestricted reserves of £6,067,327. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified by the auditor regarding its going concern status.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: adequate cash flow between regular payments to the RB for clergy stipend, Ministry Share payments received on a quarterly basis from the ministry areas and funding for the Evangelism project (held: £6.1m)
“Reserves are needed to provide adequate cash flow between regular payments to the RB for clergy stipend, Ministry Share payments received on a quarterly basis from the ministry areas and funding for the Evangelism project.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charity has a close liaison with the Representative Body of the Church in Wales (RB). Financial assistance is provided by the RB in the form of grant funding to the Diocesan Board of Finance, payable quarterly. The RB also manages the stipendiary clergy payroll system, although clergy stipends are mainly funded from the Ministry Share collected from the Ministry Areas.
“The charity has a close liaison with the Representative Body of the Church in Wales (RB). Financial assistance is provided by the RB in the form of grant funding to the Diocesan Board of Finance, payable quarterly. The Chairman, Vice Chair and the Archdeacon of Newport are members of the RB, the Trustee body responsible for the administration of the assets of the Church in Wales.” — page 19
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Walter Hunter & Co Limited. Discloses 4 of 6 completeness components.

Corporate structure

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Property (HM Land Registry)

5 registered titles in England and Wales held by the charity’s company or corporate body (5 freehold); recorded price paid £110k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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

Total income
£3.8m
Total spending
£3.7m
Cost of raising funds
£19k
Reserves (reported)
£4.2m
Employees
14

Reported reserves equal ~13.4 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (91% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.5% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

Operates in: Blaenau Gwent · Caerphilly · Cardiff · Monmouthshire · Newport City · Torfaen

Income and spending

Financial year endIncomeSpending
31/12/2024£3.8m£3.7m
31/12/2023£4.2m£3.1m
31/12/2022£3.4m£2.9m
31/12/2021£3.9m£3.8m
31/12/2020£4.1m£3.9m

Common questions

Is MONMOUTH DIOCESAN BOARD OF FINANCE financially healthy?

Per its FY2024 accounts: The accounts state that the charity made an unrestricted surplus of £407,207 for the year ended 31 December 2024, resulting in total unrestricted reserves of £6,067,327. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified by the auditor regarding its going concern status. Its FY2024 accounts were audited by Walter Hunter & Co Limited.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
ANNE FRENCH MEMORIAL TRUST1£308k
KESWICK HALL CHARITY1£100k
CHARITY OF SIR RICHARD WHITTINGTON1£92k
SIR JOHN PRIESTMAN CHARITY TRUST1£44k
NEWCASTLE DIOCESAN SOCIETY1£33k
NORFOLK COMMUNITY FOUNDATION1£20k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE DURHAM DIOCESAN BOARD OF FINANCE.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
MONMOUTH DIOCESAN BOARD OF FINANCE£3.8m——unclear—no doubt
THE DURHAM DIOCESAN BOARD OF FINANCE FY2025£12.5m£90,001 - £100,000—within—no doubt
THE ST ASAPH DIOCESAN BOARD OF FINANCE FY2024£6.1m£60,001 - £70,0001above—no doubt
THE EXETER DIOCESAN BOARD OF FINANCE FY2024£18.8m——above—no doubt
THE NEWCASTLE DIOCESAN BOARD OF FINANCE FY2025£8.1m——above—no doubt
PORTSMOUTH DIOCESAN BOARD OF FINANCE FY2025£9.4m—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.