EAST ANGLIA DIOCESE DEPENDENT PRIESTS' FUND
Financial support to sick and dependent priests in the Diocese of East Anglia
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net expenditure of £54.4k for the year, resulting in a decrease in total reserves from £2.24m to £2.24m (specifically a net movement in funds of £38.7k after investment gains). The Trustees note that while free reserves represent approximately thirteen years' expenditure, recurring annual deficits are becoming the pattern again, prompting a strategy to build up funds to meet future demands.
What the accounts disclose
“The free reserves of the charity (that is reserves excluding the amount represented by Fixed Assets) were £2.15m which represents approximately thirteen years’ expenditure at current levels.” — page 5
“On 12 July 2021, Father G. Quigley was appointed as a director/trustee of the charity. He received grants during 2024 amounting to £9,040 (2023: £9,302). These grants were received by Fr Quigley in his capacity as a retired member of the clergy of the Diocese of East Anglia and thus as a beneficiary of the charity.” — page 14
Property (HM Land Registry)
Trustees
- Rev SIMON NICHOLAS BLAKESLEYchair
- Rev Gerard Quigley
- Rev Michael Brookes
- Rev Michael Vulliamy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £100k | £155k |
| 31/12/2023 | £217k | £236k |
| 31/12/2022 | £199k | £232k |
| 31/12/2021 | £222k | £219k |
| 31/12/2020 | £114k | £69k |
Common questions
Is EAST ANGLIA DIOCESE DEPENDENT PRIESTS' FUND financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a net expenditure of £54.4k for the year, resulting in a decrease in total reserves from £2.24m to £2.24m (specifically a net movement in funds of £38.7k after investment gains). The Trustees note that while free reserves represent approximately thirteen years' expenditure, recurring annual deficits are becoming the pattern again, prompting a strategy to build up funds to meet future demands. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| EDITH BESSIE GIBSON TRUST | 1 | £6k |
Charities like this
- EAST ANGLIA ROMAN CATHOLIC DIOCESAN TRUST
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CAMBRIDGE ST. BARNABAS
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY, EAST GRINSTEAD
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL
- THE ELY DIOCESAN BOARD OF FINANCE
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. PETER'S CHURCH BOUGHTON MONCHELSEA
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| EAST ANGLIA DIOCESE DEPENDENT PRIESTS' FUND | £100k | — | 0 | above | — | no doubt |
| EAST ANGLIA ROMAN CATHOLIC DIOCESAN TRUST | £8.1m | £60,001 - £90,000 | 3 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CAMBRIDGE ST. BARNABAS | £442k | — | 0 | below | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY, EAST GRINSTEAD | £118k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BEXHILL | £300k | — | 0 | unclear | — | no doubt |
| THE ELY DIOCESAN BOARD OF FINANCE | £11.1m | £180,001 - £190,000 | 10 | unclear | — | no doubt |