THE SALISBURY DIOCESAN BOARD OF FINANCE
Financial health, per its FY2024 accounts
The accounts state that the charity recorded an operating deficit of £0.9m, which was offset by gains on property disposal and investment returns, resulting in a net increase in total funds. General unrestricted reserves decreased to £1.6m, which the trustees note is under their policy target of three months of expenditure. The trustees and auditors confirm the charity is a going concern with no material uncertainties identified.
What the accounts disclose
“At 31st December 2024 the general fund unrestricted reserves were £1.6m. This equates to under three months of expenditure”
“SDBEL employs no staff of its own, though its trading subsidiary, SALED Ltd, does.” — page 34
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2021) to "below" (FY2024).
Leadership, per the charity’s website
- David Pain — Diocesan Secretary and Chief Executive Officer
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (25/11/2025)
- Received assets from another charity (28/10/2025)
Trustees
- Cedric Pierce
- David Elliott
- Elizabeth Jane McCormick
- Keith Leslie
- Kevin Bostick
- LADY SARAH Diana Rowena Perceval GOOCH
- Rev Christopher Beaumont
- Rev Lucinda Holt
- Rev Michael Keirle
- Rev Stephanie Stevens
- Rev Timothy Barker
- Richard Ogilvie Merlot Chitty
- Rosemary Macdonald
- Rt Revd Stephen David Lake
- Simon Vandeleur
- The Revd Canon Gerald Edward Richard Osborne
- The Rt Rev Karen Marisa Gorham
- The Ven Emma Louise Ellis
- The Ven Penelope Sayer
- Trudi Shaw
- Very Rev'd Nicholas Charles Papadopulos
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £13.9m | £14.9m |
| 31/12/2023 | £14.6m | £14.8m |
| 31/12/2022 | £14.3m | £15.0m |
| 31/12/2021 | £13.3m | £14.8m |
| 31/12/2020 | £13.0m | £14.5m |
Common questions
Is THE SALISBURY DIOCESAN BOARD OF FINANCE financially healthy?
The accounts state that the charity recorded an operating deficit of £0.9m, which was offset by gains on property disposal and investment returns, resulting in a net increase in total funds. General unrestricted reserves decreased to £1.6m, which the trustees note is under their policy target of three months of expenditure. The trustees and auditors confirm the charity is a going concern with no material uncertainties identified. Its FY2024 accounts were audited by HaysMac LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 07/05/2025 | £249k | "#PW Anglican Heritage Salisbury development project" |
| The National Lottery Heritage Fund | 09/09/2014 | £1.4m | "'The Great Stare' - Milton Abbey" |
| The National Lottery Heritage Fund | 11/02/1997 | £72k | "Digby Memorial Church Hall, Dorset - Alterations" |