MIDDLESBROUGH DIOCESAN TRUST
The aims and objectives of the Trust are the advancement or maintenance of the Roman Catholic religion in the Roman Catholic Diocese of Middlesbrough.
Financial health, per its FY2024 accounts
The accounts state that total reserves amounted to £62,854,939, with free reserves reported as £2,836,196, or £8,644,255 if investments are included. The trustees consider reserves are maintained at least at the present level to meet possible shortfalls in income, noting that unrestricted funds are sufficient to permit the Trustee to continue in operation and fulfil its obligations.
What the accounts disclose
“In the band £80,001 - £90,000 2” — page 34
“The Trustee Board has not determined a fixed amount of general reserves that are required but consider that the reserves need to be maintained at least at the present level” — page 7
“During the year purchases of £2,001 and sales of £181,604 were made to companies in which Directors of the Diocese of Middlesbrough Trustee are involved as either Trustee or Director.” — page 49
“The Diocese has a wholly owned subsidiary company, Diocesan Property Management Limited. The company was established to facilitate the management of building contracts for the Diocese and its sales are to the Diocese only.” — page 6
Leadership, per the charity’s website
- Bishop Marcus Stock — Bishop
- Bishop Terry Drainey — Emeritus Bishop
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (28/03/2024)
Trustees
- DIOCESE OF MIDDLESBROUGH TRUSTEE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £6.8m | £6.6m |
| 31/12/2023 | £6.2m | £6.2m |
| 31/12/2022 | £6.1m | £5.6m |
| 31/12/2021 | £6.6m | £5.0m |
| 31/12/2020 | £4.9m | £4.5m |
Common questions
Is MIDDLESBROUGH DIOCESAN TRUST financially healthy?
Per its FY2024 accounts: The accounts state that total reserves amounted to £62,854,939, with free reserves reported as £2,836,196, or £8,644,255 if investments are included. The trustees consider reserves are maintained at least at the present level to meet possible shortfalls in income, noting that unrestricted funds are sufficient to permit the Trustee to continue in operation and fulfil its obligations. Its FY2024 accounts were audited by Waltons Business Advisers Limited.
What does the highest-paid employee of MIDDLESBROUGH DIOCESAN TRUST earn?
Per its FY2024 accounts, the highest-paid employee was in the £80,001 - £90,000 band.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 13/11/2025 | £30k | "The Jules Anneessens Organ Restoration, Sacred Heart Church, Redcar" |
| The National Lottery Heritage Fund | 29/09/2014 | £9k | ""They answered their Country's Call": All Saints' Church and the First World War" |
| The National Lottery Heritage Fund | 05/06/2013 | £251k | "St Charles Borromeo, Hull: Repair and Heritage Project" |
| The National Lottery Heritage Fund | 03/11/2003 | £50k | "Restoration of Historic Pipe Organ - St George's Church" |
| The National Lottery Heritage Fund | 07/05/1997 | £57k | "St Peters Church, Middlesbrough - Organ Restoration" |
| The National Lottery Heritage Fund | 11/02/1997 | £105k | "St Wilfrids Church, York - Organ" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CATHOLIC TRUST FOR ENGLAND AND WALES | 3 | £325k |
| THE ALBERT GUBAY CHARITABLE FOUNDATION | 3 | £235k |
| SISTERS OF THE CROSS AND PASSION CIO | 1 | — |
| THE VINEHILL TRUST | 1 | £4.7m |
| CHARITY OF SIR RICHARD WHITTINGTON | 1 | £75k |
| SISTERS OF MERCY SUNDERLAND | 1 | £55k |
| THE ARCHITECTURAL HERITAGE FUND | 1 | £31k |
| THE PILGRIM TRUST | 1 | £22k |
Charities like this
- LEEDS DIOCESAN TRUST
- MIDDLESBROUGH COMMUNITY CHURCH TRUST
- NOTTINGHAM ROMAN CATHOLIC DIOCESAN TRUSTEES
- PLYMOUTH DIOCESAN TRUST
- EAST ANGLIA ROMAN CATHOLIC DIOCESAN TRUST
- DIOCESE OF HEXHAM AND NEWCASTLE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MIDDLESBROUGH DIOCESAN TRUST | £6.8m | £80,001 - £90,000 | — | unclear | — | no doubt |
| LEEDS DIOCESAN TRUST | £13.3m | — | — | above | — | no doubt |
| MIDDLESBROUGH COMMUNITY CHURCH TRUST | £108k | — | 0 | unclear | — | no doubt |
| NOTTINGHAM ROMAN CATHOLIC DIOCESAN TRUSTEES | £13.5m | more than £60,000 | 1 | unclear | — | no doubt |
| PLYMOUTH DIOCESAN TRUST | £7.6m | — | — | unclear | — | no doubt |
| EAST ANGLIA ROMAN CATHOLIC DIOCESAN TRUST | £8.1m | more than £60,000 | 3 | above | — | no doubt |