LEEDS DIOCESAN BOARD OF FINANCE

Registered charity 1155876 · accounts filings on the Charity Commission register

Latest income
£23.5m
Latest spending
£23.4m
Registered
2014
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity recorded a net deficit on unrestricted funds of £907,000 in 2024, an improvement from the prior year, largely driven by the recognition of a usable pension surplus. The Trustees report that operating deficits are expected to continue but are confident they can be absorbed through managing expenditure, utilizing reserves, and selling surplus property.

What the accounts disclose

Reserves policy: £4.1m to £5.5m (held: £5.7m)
The Reserves Policy sets a target free reserves range of £4.1m to £5.5m. The lower bound is based on an analysis of income sources and their potential vulnerability against budgeted performance — the largest portion of this relating to Parish Share (£2.5m). The upper bound remains based on 3 months budgeted unrestricted expenditure for the following financial year. — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grants from Church Commissioners
The Church Commissioners from which the LDBF receives grants and which acts on behalf of clergy with HM Revenue and Customs. The LDBF pays for clergy stipends through the Church Commissioners. — page 17
The Church of England Pensions Board, to which the LDBF pays retirement benefit contributions for stipendiary clergy and employees. — page 17
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Pension contributions to Church of England Pensions Board
The Church Commissioners from which the LDBF receives grants and which acts on behalf of clergy with HM Revenue and Customs. The LDBF pays for clergy stipends through the Church Commissioners. — page 17
The Church of England Pensions Board, to which the LDBF pays retirement benefit contributions for stipendiary clergy and employees. — page 17
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Saffery LLP.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

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

Total income
£23.5m
Total spending
£23.4m
Cost of raising funds
£197k
Reserves (reported)
£5.7m
Employees
99

Reported reserves equal ~2.9 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Register events

Trustees

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

Operates in: Bradford City · City Of Wakefield · Lancashire · Leeds City · North Yorkshire

Income and spending

Financial year endIncomeSpending
31/12/2024£23.5m£23.4m
31/12/2023£24.1m£24.3m
31/12/2022£22.8m£24.4m
31/12/2021£22.4m£22.9m
31/12/2020£23.0m£22.8m

Common questions

Is LEEDS DIOCESAN BOARD OF FINANCE financially healthy?

The accounts state that the charity recorded a net deficit on unrestricted funds of £907,000 in 2024, an improvement from the prior year, largely driven by the recognition of a usable pension surplus. The Trustees report that operating deficits are expected to continue but are confident they can be absorbed through managing expenditure, utilizing reserves, and selling surplus property. Its FY2024 accounts were audited by Saffery LLP.

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.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LEEDS CITY.