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WORCESTER DIOCESAN BOARD OF FINANCE LIMITED

Registered charity 247778 · accounts filings on the Charity Commission register

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Latest income
£10.6m
Latest spending
£9.3m
Registered
1966
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity achieved a breakeven operational result for the year, supported by transfers from endowment funds. Free unrestricted reserves were held at £4.7 million, providing approximately 8 months of operational expenditure, which is in excess of the stated policy target of 4.5 months. The charity maintains adequate resources to continue its activities with no material uncertainties identified.

What the accounts disclose

Highest-paid employee band: above £60,000 — below the median for charities its size (£125k)
“There are three employees with emoluments above £60,000 per annum (2023: three employees).”
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 3
“There are three employees with emoluments above £60,000 per annum (2023: three employees).”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: 4.5 months’ expenditure (held: £4.7m)
“It is the Board’s policy to maintain the year end general unrestricted reserves position, excluding tangible fixed assets, at a level of 4.5 months’ expenditure.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 6 of 6 completeness components.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

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

Total income
£10.6m
Total spending
£9.3m
Cost of raising funds
£142k
Reserves (reported)
£4.7m
Employees
48

Reported reserves equal ~6.0 months of spending — above the median for charities its size (median 4.6 months; benchmarks).

Register events

Trustees

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

Operates in: Dudley · Gloucestershire · Herefordshire · Sandwell · Worcestershire

Income and spending

Financial year endIncomeSpending
31/12/2024£10.6m£9.3m
31/12/2023£10.1m£10.0m
31/12/2022£9.2m£8.8m
31/12/2021£8.2m£8.8m
31/12/2020£8.9m£8.4m

Common questions

Is WORCESTER DIOCESAN BOARD OF FINANCE LIMITED financially healthy?

The accounts state that the charity achieved a breakeven operational result for the year, supported by transfers from endowment funds. Free unrestricted reserves were held at £4.7 million, providing approximately 8 months of operational expenditure, which is in excess of the stated policy target of 4.5 months. The charity maintains adequate resources to continue its activities with no material uncertainties identified. Its FY2024 accounts were audited by Crowe U.K. LLP.

What does the highest-paid employee of WORCESTER DIOCESAN BOARD OF FINANCE LIMITED earn?

Per its FY2024 accounts, the highest-paid employee was in the above £60,000 band, and 3 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 Fund31/08/2016£5k"Working with lime based building materials"
The National Lottery Heritage Fund27/11/2009£29k"St. Paul War Memorial"