THE ELY DIOCESAN BOARD OF FINANCE

Registered charity 245456 · accounts filings on the Charity Commission register

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.

Causes: Religious Activities · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£11.1m
Latest spending
£11.8m
Registered
1965
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £180,001 - £190,000 — in the top quarter for charities its size (median £130k)
“1 between £180,001 and £190,000” — page 34
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 10
“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
Per its FY2024 accounts as filed with the Charity Commission.
Largest income source: Ministry Share (50% of income)
“Around 50% of the Board's income comes from Ministry Share” — page 7
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP. Discloses 5 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Public fundraising profile: JustGiving — The Ely Diocesan Board Of Finance (matched by registered charity number).

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Property (HM Land Registry)

345 registered titles in England and Wales held by the charity’s company or corporate body (332 freehold); recorded price paid £15.7m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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

Total income
£11.1m
Total spending
£11.8m
Cost of raising funds
£596k
Reserves (reported)
£4.8m
Employees
41

Reported reserves equal ~4.9 months of spending — above the median for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (62% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 5.4% of total income — above the median for charities its size (3.8%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Cambridgeshire · Norfolk

Income and spending

Financial year endIncomeSpending
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

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

FunderDateAmountPurpose
The National Lottery Heritage Fund19/03/2026£250k"All Saints’ Elm; A Church: A Community: Keeping the water out – Welcoming everyone in"
UK government31/12/2020£843St Thomas a Becket Church
UK government31/12/2020£6kSt Thomas a Becket Church
UK government01/04/2020£95kDevolved Formula Capital - Local Authority & Voluntary Aided Sector Recipients
UK government01/04/2020£829kSchool Condition Allocation - Voluntary Aided Sector Recipients
The National Lottery Heritage Fund26/02/2019£6k"A Stitch in Time: Caring for Historic Places of Worship in the Diocese of Ely"
The National Lottery Heritage Fund18/07/2017£47k"Great Paxton church bells - securing the future"
The National Lottery Heritage Fund06/03/2014£45k"South Aisle Parapet"
The National Lottery Heritage Fund19/09/2013£30k"Medieval wall painting conservation, St Marys Church, Bartlow, Cambridgeshire"
The National Lottery Heritage Fund22/08/2013£28k"Covington church history research and bell restoration project"
The National Lottery Heritage Fund22/08/2013£6k"Conserve Bell dated 1699 by repair, restoration, research history and Re-hang for Re-use"
The National Lottery Heritage Fund03/10/2006£14k"St Mary and All Saints, Willingham Organ Restoration"
The National Lottery Community Fund23/03/2006£4kRefurbishment of church hall
The National Lottery Community Fund14/12/2005£5kHall improvements
The National Lottery Heritage Fund10/03/1997£5k"St Marys Church, Thetford - Organ"
The National Lottery Heritage Fund11/09/1996£34k"All Saints Church, Hilgay, Norfolk - Restoration"
The National Lottery Heritage Fund08/07/1996£14k"Thorney Abbey Boundary Wall"
The National Lottery Heritage Fund08/11/1995£13k"St Andrew and St Mary, Grantchester - organ"

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE SALISBURY DIOCESAN BOARD OF FINANCE.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE ELY DIOCESAN BOARD OF FINANCE£11.1m£180,001 - £190,00010unclear—no doubt
THE SALISBURY DIOCESAN BOARD OF FINANCE FY2024£13.9m——below—no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CAMBRIDGE ST. BARNABAS FY2024£442k—0below—no doubt
THE NORWICH DIOCESAN BOARD OF FINANCE LIMITED FY2024£13.4m——unclear—no doubt
THE EXETER DIOCESAN BOARD OF FINANCE FY2024£18.8m——above—no doubt
MANCHESTER DIOCESAN BOARD OF FINANCE FY2024£14.5m——unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.