THE ELY DIOCESAN BOARD OF FINANCE
To promote, facilitate and assist with the work and purposes of the Church of England, for the advancement of the Christian faith in the Diocese of Ely and elsewhere.
Financial health, per its FY2024 accounts
The accounts state that total reserves increased to £197.8m, with unrestricted reserves at £33m. However, the trustees note that actual free reserves were £4.8m, which is slightly lower than the minimum required level of £5.6m determined by their reserves policy. The trustees expect reserves to align with the required level in the future.
What the accounts disclose
“1 between £180,001 and £190,000” — page 34
“There were 7 members of staff whose emoluments (excluding pension contributions) amounted to between £60,001 and £70,000, 2 between £70,001 and £80,000 and 1 between £180,001 and £190,000.” — page 34
“Around 50% of the Board's income comes from Ministry Share” — page 7
Year-over-year changes
- Employees paid over £60,000: 6 (FY2023) → 10 (FY2024).
Funders the charity credits
- Growing Faith Foundation
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (11/05/2023)
- Received assets from another charity (17/01/2022)
- Received assets from another charity (25/01/2017)
Trustees
- Canon Dr Mary Felicity Cooke
- Canon Francis William Miles Burkitt
- Canon Simon John Kershaw
- Christopher Denis Anton Falvey
- Christopher Jeffrey Jonathan Smith
- Christopher John Townsend
- Dr CHRISTOPHER ANDREW STANFORD-BEALE
- Dr Jonathan Paul Chaplin
- Elain Margaret Levitt
- Felicity Ann Watson
- Janet Rosemary Perrett
- John Pigott
- Lindsay Jane Davies
- REV DANIEL JOHN DRIVER
- Rev Canon Robert Mackley
- Rev Daniel John Driver
- Rev Dr Elizabeth Ruth Cope
- Rev NEIL JAMES BLANDFORD-BAKER
- Rev Natalie Janis Andrews
- Rev Philip Michael Howson
- Rev Richard Harlow
- Rev Sarah Catherine Gower
- Sarah Margaret Robinson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £11.1m | £11.8m |
| 31/12/2023 | £10.9m | £12.0m |
| 31/12/2022 | £12.4m | £11.1m |
| 31/12/2021 | £10.6m | £10.8m |
| 31/12/2020 | £10.3m | £10.8m |
Common questions
Is THE ELY DIOCESAN BOARD OF FINANCE financially healthy?
Per its FY2024 accounts: The accounts state that total reserves increased to £197.8m, with unrestricted reserves at £33m. However, the trustees note that actual free reserves were £4.8m, which is slightly lower than the minimum required level of £5.6m determined by their reserves policy. The trustees expect reserves to align with the required level in the future. Its FY2024 accounts were audited by HaysMac LLP.
What does the highest-paid employee of THE ELY DIOCESAN BOARD OF FINANCE earn?
Per its FY2024 accounts, the highest-paid employee was in the £180,001 - £190,000 band, and 10 employees earned over £60,000.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 19/03/2026 | £250k | "All Saints’ Elm; A Church: A Community: Keeping the water out – Welcoming everyone in" |
| UK government | 31/12/2020 | £843 | St Thomas a Becket Church |
| UK government | 31/12/2020 | £6k | St Thomas a Becket Church |
| UK government | 01/04/2020 | £95k | Devolved Formula Capital - Local Authority & Voluntary Aided Sector Recipients |
| UK government | 01/04/2020 | £829k | School Condition Allocation - Voluntary Aided Sector Recipients |
| The National Lottery Heritage Fund | 26/02/2019 | £6k | "A Stitch in Time: Caring for Historic Places of Worship in the Diocese of Ely" |
| The National Lottery Heritage Fund | 18/07/2017 | £47k | "Great Paxton church bells - securing the future" |
| The National Lottery Heritage Fund | 06/03/2014 | £45k | "South Aisle Parapet" |
| The National Lottery Heritage Fund | 19/09/2013 | £30k | "Medieval wall painting conservation, St Marys Church, Bartlow, Cambridgeshire" |
| The National Lottery Heritage Fund | 22/08/2013 | £28k | "Covington church history research and bell restoration project" |
| The National Lottery Heritage Fund | 22/08/2013 | £6k | "Conserve Bell dated 1699 by repair, restoration, research history and Re-hang for Re-use" |
| The National Lottery Heritage Fund | 03/10/2006 | £14k | "St Mary and All Saints, Willingham Organ Restoration" |
| The National Lottery Community Fund | 23/03/2006 | £4k | Refurbishment of church hall |
| The National Lottery Community Fund | 14/12/2005 | £5k | Hall improvements |
| The National Lottery Heritage Fund | 10/03/1997 | £5k | "St Marys Church, Thetford - Organ" |
| The National Lottery Heritage Fund | 11/09/1996 | £34k | "All Saints Church, Hilgay, Norfolk - Restoration" |
| The National Lottery Heritage Fund | 08/07/1996 | £14k | "Thorney Abbey Boundary Wall" |
| The National Lottery Heritage Fund | 08/11/1995 | £13k | "St Andrew and St Mary, Grantchester - organ" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ARCHBISHOPS' COUNCIL | 1 | £2.4m |
| ANNE FRENCH MEMORIAL TRUST | 1 | £308k |
| KESWICK HALL CHARITY | 1 | £100k |
| NORFOLK COMMUNITY FOUNDATION | 1 | £20k |
| THE FORTE CHARITABLE FOUNDATION | 1 | £4k |
Charities like this
- THE SALISBURY DIOCESAN BOARD OF FINANCE
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CAMBRIDGE ST. BARNABAS
- THE NORWICH DIOCESAN BOARD OF FINANCE LIMITED
- THE EXETER DIOCESAN BOARD OF FINANCE
- MANCHESTER DIOCESAN BOARD OF FINANCE
- THE LICHFIELD DIOCESAN BOARD OF FINANCE (INCORPORATED)
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ELY DIOCESAN BOARD OF FINANCE | £11.1m | £180,001 - £190,000 | 10 | unclear | — | no doubt |
| THE SALISBURY DIOCESAN BOARD OF FINANCE | £13.9m | — | — | below | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CAMBRIDGE ST. BARNABAS | £442k | — | 0 | below | — | no doubt |
| THE NORWICH DIOCESAN BOARD OF FINANCE LIMITED | £13.4m | — | — | unclear | — | no doubt |
| THE EXETER DIOCESAN BOARD OF FINANCE | £18.8m | — | — | above | — | no doubt |
| MANCHESTER DIOCESAN BOARD OF FINANCE | £14.5m | — | — | unclear | — | no doubt |