SHEFFIELD 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 and other charitable work in the Diocese of Sheffield or its successor diocese and elsewhere.
Financial health, per its FY2024 accounts
The accounts state that the Diocese ran an operational deficit of £1.0m in 2024, which was substantially lower than the budgeted £2.1m, primarily due to slower-than-expected clergy recruitment. Despite this deficit, unrestricted general funds decreased from £6.7m to £5.5m, with free reserves standing at £3.8m at year-end, supported by investment gains and the retention of fixed assets.
What the accounts disclose
“Our priority is to maintain Free Reserves at a sufficient level to ensure financial resilience and sustainability, including mitigating against key risks identified in our risk register for at least the next financial year.” — page 15
“The Archbishops’ Council to which the Diocese pays a donation based on an apportionment system for funding national training of ordinands and the activities of the various national boards and councils, as well as General Synod.” — page 11
“The Archbishop's Council and National Church Institutions from which the SDBF receives grants and which acts on behalf of clergy with HM Revenue and Customs. The SDBF also pays for clergy stipends through the Archbishop's Council.” — page 11
“The Archbishops’ Council to which the Diocese pays a donation based on an apportionment system for funding national training of ordinands and the activities of the various national boards and councils, as well as General Synod.” — page 11
“The Archbishop's Council and National Church Institutions from which the SDBF receives grants and which acts on behalf of clergy with HM Revenue and Customs. The SDBF also pays for clergy stipends through the Archbishop's Council.” — page 11
“The Archbishops’ Council to which the Diocese pays a donation based on an apportionment system for funding national training of ordinands and the activities of the various national boards and councils, as well as General Synod.” — page 11
“The Archbishop's Council and National Church Institutions from which the SDBF receives grants and which acts on behalf of clergy with HM Revenue and Customs. The SDBF also pays for clergy stipends through the Archbishop's Council.” — page 11
Leadership, per the charity’s website
- Rt Revd Dr Pete Wilcox — Bishop of Sheffield
- Rt Revd Leah Vasey-Saunders — Bishop of Doncaster
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Anna Rose De Castro
- Canon IAN GEOFFREY WALKER
- Dr JACQUELINE ANNE BUTCHER
- Isobel Julia Newton
- Michael Macdonald
- Neill Andrew Birchenall
- PETER RAINFORD
- RT REVD DR PETER JONATHAN WILCOX
- Rev Benjamin Michael Tanner
- Rev Canon CLAIRE LOUISE DAWSON
- Rev Canon Matthew Ivan Rhodes
- Rev Edward John Scott Morrison
- Rev Javaid Iqbal
- Rev Leah Beverley Vasey-Saunders
- The Very Revd Abigail Laura Thompson
- Venerable David Ian Gerrard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £12.1m | £12.8m |
| 31/12/2024 | £10.1m | £11.7m |
| 31/12/2023 | £10.1m | £11.7m |
| 31/12/2022 | £9.9m | £11.0m |
| 31/12/2021 | £10.3m | £10.0m |
Common questions
Is SHEFFIELD DIOCESAN BOARD OF FINANCE financially healthy?
Per its FY2024 accounts: The accounts state that the Diocese ran an operational deficit of £1.0m in 2024, which was substantially lower than the budgeted £2.1m, primarily due to slower-than-expected clergy recruitment. Despite this deficit, unrestricted general funds decreased from £6.7m to £5.5m, with free reserves standing at £3.8m at year-end, supported by investment gains and the retention of fixed assets. Its FY2024 accounts were audited by Saffery LLP.
Who funds SHEFFIELD DIOCESAN BOARD OF FINANCE?
Funders whose own accounts filings name SHEFFIELD DIOCESAN BOARD OF FINANCE as a grant recipient include THE ARCHBISHOPS' COUNCIL, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, SPROTBROUGH WITH ST EDMUND, ANCHORAGE LANE, CHRIST CHURCH ENDCLIFFE CIO.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE ARCHBISHOPS' COUNCIL | FY2025 | £15.5m | Diocesan Investment Programme (DIP) - A Younger Church / A More Diverse Church |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, SPROTBROUGH WITH ST EDMUND, ANCHORAGE LANE | FY2021 | £45k | Parish Share contribution |
| CHRIST CHURCH ENDCLIFFE CIO | FY2024 | £2k | Mission support |
| CHRIST CHURCH ENDCLIFFE CIO | FY2025 | £2k | Mission support |
| CHRIST CHURCH ENDCLIFFE CIO | FY2023 | £2k | Mission support |
| CHRIST CHURCH ENDCLIFFE CIO | FY2022 | £2k | Mission allocation |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 20/04/2023 | £38k | Rapid assessment of fabric performance: historic buildings |
| UK government | 20/04/2023 | £38k | Rapid assessment of fabric performance: historic buildings |
| UK government | 01/04/2020 | £18k | Devolved Formula Capital - Local Authority & Voluntary Aided Sector Recipients |
| The National Lottery Community Fund | 20/09/2005 | £199k | DAWN |
| The National Lottery Heritage Fund | 13/02/2001 | £85k | "All Hallows' Church Schoolroom - Harthill" |
| The National Lottery Heritage Fund | 10/06/1997 | £52k | "Holy Trinity Church, Sheffield" |
Funders of similar charities
Charities like this
- THE SALISBURY DIOCESAN BOARD OF FINANCE
- THE BATH AND WELLS DIOCESAN BOARD OF FINANCE
- GUILDFORD DIOCESAN BOARD OF FINANCE
- THE NEWCASTLE DIOCESAN BOARD OF FINANCE
- THE LICHFIELD DIOCESAN BOARD OF FINANCE (INCORPORATED)
- THE DURHAM DIOCESAN BOARD OF FINANCE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SHEFFIELD DIOCESAN BOARD OF FINANCE | £12.1m | — | — | unclear | — | no doubt |
| THE SALISBURY DIOCESAN BOARD OF FINANCE | £13.9m | — | — | below | — | no doubt |
| THE BATH AND WELLS DIOCESAN BOARD OF FINANCE | £17.0m | — | — | below | — | no doubt |
| GUILDFORD DIOCESAN BOARD OF FINANCE | £15.7m | — | — | unclear | — | no doubt |
| THE NEWCASTLE DIOCESAN BOARD OF FINANCE | £8.1m | — | — | above | — | no doubt |
| THE LICHFIELD DIOCESAN BOARD OF FINANCE (INCORPORATED) | £17.0m | — | — | unclear | — | no doubt |