THE LLANDAFF DIOCESAN BOARD OF FINANCE

Registered charity 242452 · accounts filings on the Charity Commission register

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Latest income

£7.1m

Latest spending

£8.1m

Registered

1965

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £497,050 for the year ended 31 December 2024, with total incoming resources of £7.09 million and total resources expended of £8.1 million. Per the trustees' report, free reserves stood at £8.66 million, representing 12 months of unrestricted expenditure, which is in excess of the stated policy minimum of six months.

What the accounts disclose

Highest-paid employee band: £70,001 - £80,000 — below the median for charities its size (£78k)

“The number of employees whose annual remuneration was more than £60,000 is as follows: £70,000 to £79,999 1” — page 28

Per its FY2024 accounts as filed with the Charity Commission.

Employees paid over £60,000: 1

“The number of employees whose annual remuneration was more than £60,000 is as follows: £70,000 to £79,999 1” — page 28

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: six months' expenditure (held: £8.7m)

“The trustees believe that a level equivalent to a minimum of six months' expenditure should be maintained.” — page 8

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Payments made to trustees of The Llangasty Retreat House Trust and outstanding loan debtor.

“Reverend Mary Stallard, Michael Lawley, Michael Komer and Mark Preece are trustees of The Llangasty Retreat House Trust. During the year payments of £13,350 were made to them. The is also an outstanding loan debtor of £163,125.” — page 39

“Roderick Green and Michael Lawley are both trustees of the Representative Body of the Chuch in Wales. During the year there was income of £987,681 and expenditure of £2,569,442. At the year end there is an outstanding debtor balance of £91,759 and an outstanding creditor balance of £657,446.” — page 39

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Income and expenditure with the Representative Body of the Church in Wales, where trustees serve.

“Reverend Mary Stallard, Michael Lawley, Michael Komer and Mark Preece are trustees of The Llangasty Retreat House Trust. During the year payments of £13,350 were made to them. The is also an outstanding loan debtor of £163,125.” — page 39

“Roderick Green and Michael Lawley are both trustees of the Representative Body of the Chuch in Wales. During the year there was income of £987,681 and expenditure of £2,569,442. At the year end there is an outstanding debtor balance of £91,759 and an outstanding creditor balance of £657,446.” — page 39

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Income and expenditure with Port Talbot Ministry Area Council, where a trustee serves.

“Reverend Mary Stallard, Michael Lawley, Michael Komer and Mark Preece are trustees of The Llangasty Retreat House Trust. During the year payments of £13,350 were made to them. The is also an outstanding loan debtor of £163,125.” — page 39

“Roderick Green and Michael Lawley are both trustees of the Representative Body of the Chuch in Wales. During the year there was income of £987,681 and expenditure of £2,569,442. At the year end there is an outstanding debtor balance of £91,759 and an outstanding creditor balance of £657,446.” — page 39

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Income from Dean and Chapter of Llandaff Cathedral, where a trustee serves.

“Reverend Mary Stallard, Michael Lawley, Michael Komer and Mark Preece are trustees of The Llangasty Retreat House Trust. During the year payments of £13,350 were made to them. The is also an outstanding loan debtor of £163,125.” — page 39

“Roderick Green and Michael Lawley are both trustees of the Representative Body of the Chuch in Wales. During the year there was income of £987,681 and expenditure of £2,569,442. At the year end there is an outstanding debtor balance of £91,759 and an outstanding creditor balance of £657,446.” — page 39

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Income and expenditure with East Vale Ministry Area, where a trustee serves.

“Reverend Mary Stallard, Michael Lawley, Michael Komer and Mark Preece are trustees of The Llangasty Retreat House Trust. During the year payments of £13,350 were made to them. The is also an outstanding loan debtor of £163,125.” — page 39

“Roderick Green and Michael Lawley are both trustees of the Representative Body of the Chuch in Wales. During the year there was income of £987,681 and expenditure of £2,569,442. At the year end there is an outstanding debtor balance of £91,759 and an outstanding creditor balance of £657,446.” — page 39

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Bevan Buckland LLP. Discloses 6 of 6 completeness components.

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

Total income

£7.1m

Total spending

£8.1m

Cost of raising funds

£51k

Reserves (reported)

£10.0m

Employees

30

Reported reserves equal ~14.7 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Register events

Received assets from another charity (21/04/2017) — per the register’s event history; asset transfers typically record mergers or reorganisations.

Trustees

Michael Anthony Lawleychair · trustee of 1 other charity
Christian Salisbury
David Julian Luke
Dr Elizabeth Heather Payne · trustee of 1 other charity
Patricia Anne Blackwell
Rev Richard Gratton
Rev Robert John McDonald
Revd Canon Michael David GABLE · trustee of 1 other charity
Rhys Evans
The Right Reverend Mary Kathleen Rose Stallard · trustee of 3 other charities
Venerable Anne-Marie Louise Renshaw
Venerable Mark Richard Preece · trustee of 1 other charity
Wendy Anne Xerri

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

Operates in: Bridgend · Caerphilly · Cardiff · Merthyr Tydfil · Neath Port Talbot · Newport City · Powys · Rhondda Cynon Taff · Torfaen · Vale Of Glamorgan

Income and spending

Financial year end	Income	Spending
31/12/2024	£7.1m	£8.1m
31/12/2023	£7.2m	£8.0m
31/12/2022	£6.5m	£7.5m
31/12/2021	£8.2m	£8.2m
31/12/2020	£8.7m	£9.1m

Common questions

Is THE LLANDAFF DIOCESAN BOARD OF FINANCE financially healthy?

The accounts state that the charity reported a net expenditure of £497,050 for the year ended 31 December 2024, with total incoming resources of £7.09 million and total resources expended of £8.1 million. Per the trustees' report, free reserves stood at £8.66 million, representing 12 months of unrestricted expenditure, which is in excess of the stated policy minimum of six months. Its FY2024 accounts were audited by Bevan Buckland LLP.

What does the highest-paid employee of THE LLANDAFF DIOCESAN BOARD OF FINANCE earn?

Per its FY2024 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 1 employees earned over £60,000.

Government & lottery funding

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

Funder	Date	Amount	Purpose
The National Lottery Heritage Fund	19/03/2015	£922k	"St Elvan Community Heritage Project"
The National Lottery Heritage Fund	16/11/2006	£15k	"St Mary's Monument Project"
The National Lottery Heritage Fund	11/12/2001	£442k	"St Augustine's Church, Penarth - Restoration"
The National Lottery Heritage Fund	29/09/1999	£99k	"St Martins Church, Caerphilly - Restoration"
The National Lottery Heritage Fund	10/09/1997	£301k	"St Mary the Virgin Church, Cardiff - Restoration"