Charity Accounts Intelreading the accounts so you don’t have to

MONMOUTH DIOCESAN BOARD OF FINANCE

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

Get email alerts for this charity

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.

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.

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).

Trustees

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?

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.