LEEDS DIOCESAN BOARD OF FINANCE
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
“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
“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
“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
Leadership, per the charity’s website
- Bishop Malcolm Chamberlain — Bishop of Wakefield
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (17/12/2015)
- Received assets from another charity (26/11/2015)
- Received assets from another charity (28/09/2015)
- Received assets from another charity (09/09/2015)
- Received assets from another charity (09/09/2015)
Trustees
- ANDREW ALEXANDER MAUDE TD
- Bishop Anna Eltringham
- James Edward Meredith
- Jan Ali
- John Irving WARNETT
- MARILYN BANISTER
- MATTHEW JOHN AMBLER
- RICHARD ANTHONY PATTINSON
- Rev Eve Rebecca Ridgeway
- Rev Gary Richard Waddington BTh MA SSC
- Rev Ian Bullock BA Hons
- Roger Andrew Lazenby
- Rt Revd Arun Arora
- THE RT REVD DR TOBY MATTHEW HOWARTH
- The Revd Canon Rachel Naomi Firth
- The Right Reverend Malcolm Leslie Chamberlain
- The Rt Revd Madhu Smitha Prasadam
- The Venerable Paul Nicholas Ayers
- The Very Revd John Dobson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ARCHBISHOPS' COUNCIL | 1 | £15.5m |
| THE LIZ AND TERRY BRAMALL FOUNDATION | 1 | £202k |
| FIRST IPC PRESBYTERY OF THE UNITED KINGDOM | 1 | £10k |
| CHRIST CHURCH ENDCLIFFE CIO | 1 | £3k |
| HENRY FAWCETT FUND | 1 | £3k |
Charities like this
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LEEDS CITY
- SHEFFIELD DIOCESAN BOARD OF FINANCE
- EMMANUEL BAPTIST CHURCH LEEDS
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, SHIPLEY
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LEEDS ST GEORGE
- CHRIST CHURCH CENTRAL LEEDS