THE ELY DIOCESAN BOARD OF FINANCE
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
Year-over-year changes
- Employees paid over £60,000: 6 (FY2023) → 10 (FY2024).
Funders the charity credits
- Growing Faith Foundation
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?
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" |
| 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 | £6k | "Conserve Bell dated 1699 by repair, restoration, research history and Re-hang for Re-use" |
| The National Lottery Heritage Fund | 22/08/2013 | £28k | "Covington church history research and bell restoration project" |
| The National Lottery Heritage Fund | 03/10/2006 | £14k | "St Mary and All Saints, Willingham Organ Restoration" |
| 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 MISSION TO SEAFARERS | 1 | £29k |
| ANSON CHARITABLE TRUST | 1 | £7k |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | 1 | £6k |
| ST GILES’ CHURCH, DESBOROUGH | 1 | £300 |