THE OVERSEAS BISHOPRICS' FUND
Financial health, per its FY2024 accounts
The accounts state that total net assets increased to £18,148,673, driven by investment gains and income exceeding charitable expenditure. The charity maintains a strong liquidity position with unrestricted reserves of £156,996, which the trustees consider above their policy target of 12 months' operational expenditure. The going concern basis is adopted with no material uncertainties identified by the auditors.
What the accounts disclose
“The Council believe that the level of free reserves from the unrestricted General Funds should be not less than 12 months operational expenditure” — page 9
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Bishop Anthony Poggo
- Canon Andrew James Roberts MBE
- Colin Graham BIRD
- Dr Liyanaarachchige Sanjeevani Ranjana Perera
- Edward Graham Mellish Chaplin
- Fiona Janice Proud
- Rev Davidson Samuel Solanki
- Rev Mark Oxbrow
- Rev Rana Khan
- Rt Revd Dr Gulnar Eleanor Francis-Dehqani
- STEPHEN SLACK CBE
- Sarah Louise Newnham
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £514k | £377k |
| 31/12/2023 | £499k | £436k |
| 31/12/2022 | £473k | £447k |
| 31/12/2021 | £457k | £644k |
| 31/12/2020 | £450k | £331k |
Common questions
Is THE OVERSEAS BISHOPRICS' FUND financially healthy?
The accounts state that total net assets increased to £18,148,673, driven by investment gains and income exceeding charitable expenditure. The charity maintains a strong liquidity position with unrestricted reserves of £156,996, which the trustees consider above their policy target of 12 months' operational expenditure. The going concern basis is adopted with no material uncertainties identified by the auditors. Its FY2024 accounts were audited by Crowe U.K. LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST, CLARENDON PARK, LEICESTER | 1 | £2k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CATHERINE'S, WAKEFIELD | 1 | £2k |