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ST DAVIDS DIOCESAN BOARD OF FINANCE

Registered charity 231239 · accounts filings on the Charity Commission register

To enable the Christian ministry of the Church in Wales in the Diocese of St Davids

Causes: Education/training · Accommodation/housing · Religious Activities · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£4.9m
Latest spending
£5.8m
Registered
1961
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total net assets increased to £13,700,724, driven by significant investment and property revaluation gains. The charity holds unrestricted reserves of £5,789,112, which the trustees consider sufficient to cover more than eight months of expenditure against a policy target of six months. The auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £60,001 - £85,000 — below the median for charities its size (£70k)
“The number of employees whose total employee benefits (excluding employers pension costs) purposes was as follows: £60,000 - £85,000 2 2”
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 2
“The number of employees whose total employee benefits (excluding employers pension costs) purposes was as follows: £60,000 - £85,000 2 2”
Per its FY2025 accounts as filed with the Charity Commission.
Largest income source: Ministry Share (62% of income)
“Ministry Share 3,096,711” — page 35
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: six months of Unrestricted General Fund expenditure (held: £5.8m)
“The Board has concluded that its reserves should be a minimum six months of Unrestricted General Fund expenditure to enable it to meet its short-term financial obligations in the event of an unexpected revenue shortfall.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Payments of £32,310 were made to 9 Trustees for carrying out other duties. Additionally, £35,009 was paid to the Diocesan Registrar.
“No payments were made to Trustees for their duties as members of the Board. However, payments totalling £32,310 (2024: £26,040) were made to 9 Trustees for carrying out other duties. In addition, £35,009 (2024: £30,008) was paid to the Diocesan Registrar.” — page 56
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: St Davids Diocesan Board of Finance (Property) Limited
“St Davids Diocesan Board of Finance has passed a resolution to set up a trading company — St Davids Diocesan Board of Finance (Property) Limited.” — page 17
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Xeinadin Audit Limited. Discloses 6 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2023 and FY2025 accounts as analysed by this site.

Corporate structure

ST DAVIDS DIOCESAN BOARD OF FINANCE (PROPERTY) LIMITED — latest Companies House iXBRL filing (balance sheet 31 December 2025)
    ST DAVIDS DIOCESAN BOARD OF FINANCE (PROPERTY) LIMITED — per its own Companies House accounts
    • No intra-group transactions disclosed as the company has not traded, received no income, and incurred no expenditure.

    Public fundraising profile: JustGiving — ST DAVIDS DIOCESE (matched by registered charity number).

    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)

    96 registered titles in England and Wales held by the charity’s company or corporate body (96 freehold); recorded price paid £190k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

    Structured financials (annual return, FY ending 31/12/2025)

    Total income
    £5.0m
    Total spending
    £5.8m
    Cost of raising funds
    £35k
    Reserves (reported)
    £5.8m
    Employees
    14

    Reported reserves equal ~12.1 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 (86% 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: 0.7% of total income — below the median for charities its size (5.2%) (benchmarks).

    Register events

    Trustees · trustee networks

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

    Operates in: Carmarthenshire · Ceredigion · Pembrokeshire · Powys

    Income and spending

    Financial year endIncomeSpending
    31/12/2025£4.9m£5.8m
    31/12/2024£4.7m£5.6m
    31/12/2023£5.5m£6.0m
    31/12/2022£5.1m£7.0m
    31/12/2021£7.1m£6.7m

    Common questions

    Is ST DAVIDS DIOCESAN BOARD OF FINANCE financially healthy?

    Per its FY2025 accounts: The accounts state that total net assets increased to £13,700,724, driven by significant investment and property revaluation gains. The charity holds unrestricted reserves of £5,789,112, which the trustees consider sufficient to cover more than eight months of expenditure against a policy target of six months. The auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Xeinadin Audit Limited.

    What does the highest-paid employee of ST DAVIDS DIOCESAN BOARD OF FINANCE earn?

    Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £85,000 band, and 2 employees earned over £60,000.

    Government & lottery funding

    Grants to this charity published as open data by government and lottery funders (360Giving).

    FunderDateAmountPurpose
    The National Lottery Heritage Fund04/09/2019£184k"Eglwys a Threfdadaeth : Llanfihangel-y-Creuddyn : Church and Heritage"
    The National Lottery Heritage Fund19/03/2015£35k"Internal and External repairs to St Elidyr's Church"
    The National Lottery Community Fund14/08/2006£4kIT Equipment
    The National Lottery Heritage Fund08/07/1996£10k"St Ishmael's Church, Dyfed"

    Charities like this

    Semantically similar by activities and financial character, from our analysed corpus. Compare with BANGOR DIOCESAN BOARD OF FINANCE BWRDD CYLLID ESGOBAETH BANGOR.

    Side by side with its peers

    CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
    ST DAVIDS DIOCESAN BOARD OF FINANCE£4.9m£60,001 - £85,0002unclear—no doubt
    BANGOR DIOCESAN BOARD OF FINANCE BWRDD CYLLID ESGOBAETH BANGOR FY2024£4.2m——unclear—no doubt
    THE FRIENDS OF ST DAVIDS CATHEDRAL FY2024£711k—0unclear—no doubt
    SWANSEA AND BRECON DIOCESAN BOARD OF FINANCE FY2024£4.2mmore than £60,0001above—no doubt
    UNION OF WELSH INDEPENDENTS INCORPORATED FY2024£674k—0above—no doubt
    THE LLANDAFF DIOCESAN BOARD OF FINANCE FY2024£7.1m£70,001 - £80,0001above—no doubt

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