THE COVENTRY DIOCESAN BOARD OF FINANCE LTD
The activities of the Coventry Diocesan Board of Finance Limited are wide but its primary activity is to support the clergy of the Diocese through the payment of stipends, the management and maintenance of parsonages and other ministerial housing and provide training and other support to both clergy and lay people in parishes across the Diocese.
Objects
TO PROMOTE AND ASSIST THE WORK OBJECTS PURPOSES AND MINISTRY OF THE CHURCH OF ENGLAND FOR THE ADVANCEMENT OF THE CHRISTIAN RELIGION IN THE DIOCESE OF COVENTRY. FOR FURTHER DETAILS PLEASE REFER TO CLAUSE 3 OF THE MEMORANDUM.
Financial health, per its FY2025 accounts
The accounts state that the Coventry Diocesan Board of Finance reported a deficit of £3.3m before investment losses for the year ended 31 December 2025, resulting in a net decrease in total funds to £97.4m. Despite the operating deficit, the charity holds unrestricted funds of £18.1m, with net current assets of £5.1m, which the trustees note is well above their stated reserves policy target of two and a half to three and a half months' operating costs. The auditor confirmed that the use of the going concern basis of accounting is appropriate and identified no material uncertainties regarding the charity's ability to continue operations.
What the accounts disclose
“The principal sources of funding in 2025 came from Parish Share £5.1m, 52%” — page 10
“During 2025, the policy was to ensure the General Fund remained within a range equivalent to two and a half to three and a half months' worth of operating costs”
“The DBF provided the DBE with grants of £177,000 (2024: £169,004) in the year towards the costs of the DBE’s statutory obligations.” — page 50
“Grants of £103,768 were awarded in the year of this £63k related to LINC Camphill project (2024: £100,00).” — page 50
“The DBF provided the DBE with grants of £177,000 (2024: £169,004) in the year towards the costs of the DBE’s statutory obligations.” — page 50
“Grants of £103,768 were awarded in the year of this £63k related to LINC Camphill project (2024: £100,00).” — page 50
“The DBF provided the DBE with grants of £177,000 (2024: £169,004) in the year towards the costs of the DBE’s statutory obligations.” — page 50
“Grants of £103,768 were awarded in the year of this £63k related to LINC Camphill project (2024: £100,00).” — page 50
“The DBF provided the DBE with grants of £177,000 (2024: £169,004) in the year towards the costs of the DBE’s statutory obligations.” — page 50
“Grants of £103,768 were awarded in the year of this £63k related to LINC Camphill project (2024: £100,00).” — page 50
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2024) to "above" (FY2025).
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 418
- Employees paid over £60,000: 3 (£60,001–£70,000: 1; £70,001–£80,000: 1; £90,001–£100,000: 1)
- Trustee benefits, answered Yes to: any trustee benefit; other trustee benefit
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 418
- Employees paid over £60,000: 3 (£60,001–£70,000: 2; £80,001–£90,000: 1)
- Trustee benefits, answered Yes to: any trustee benefit; other trustee benefit
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 418
- Employees paid over £60,000: 5 (£60,001–£70,000: 2; £70,001–£80,000: 1; £80,001–£90,000: 2)
- Trustee benefits, answered Yes to: any trustee benefit
Corporate structure
- Registered company of the charity Companies House 00319482
Leadership, per the charity’s website
- Sophie Jelley — Bishop of Coventry
Company officers (Companies House)
- MASSEY, Kate Ishbel, Canon on trustee list
- PRINCE, Alastair, Revd on trustee list
- PEERS, Esther Louise on trustee list
- JELLEY, Sophie Rebecca, Rt Rev on trustee list
- HIBBERT, Richard Charles, Revd Canon on trustee list
- SAMPSON, Alicia on trustee list
- ROLLS, Andrew Edisto on trustee list
- POWELL, Christopher Thomas on trustee list
- RICH, Anthony John Edmund on trustee list
- CORLETT, Daniel James, Revd on trustee list
- RAKE, David Bernard on trustee list
- PHILLIP, Gail Ann, Revd on trustee list
- COOMBER, Stephen John on trustee list
- MORGAN, Anita Nora Carmel, Dr on trustee list
- COCKELL, Timothy David, Rev on trustee list
- WILLIAMS, Susan Elizabeth on trustee list
- SEWARDS, Philip Alexander not on trustee list
- JEE, Jonathan Noel, Reverend on trustee list
- JACKSON, Barry James, Reverend on trustee list
- MCARTHUR, Claire Louise, Reverend Canon on trustee list
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- STEPHEN JOHN COOMBERchair
- Alicia Sampson
- Andrew Edisto Rolls
- Anthony John Edmund Rich
- Canon Kate Ishbel Massey
- Christopher Thomas Powell
- David Bernard Rake
- Dr Anita Nora Carmel Morgan
- Esther Louise Peers
- Mary Joanna King
- PHILIP SEWARDS MA, FIOD
- REVEREND JONATHAN NOEL JEE
- Rev Alastair Prince
- Rev BARRY JAMES JACKSON
- Rev Claire Louise McArthur
- Rev Daniel James Corlett
- Rev Gail Ann Phillip
- Rev Sophie Rebecca Jelley
- Rev Timothy David Cockell
- Revd Canon Richard Charles Hibbert
- SUSAN ELIZABETH WILLIAMS
- Timothy Hugh Pollard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £9.8m | £13.1m |
| 31/12/2024 | £11.0m | £12.2m |
| 31/12/2023 | £10.3m | £11.7m |
| 31/12/2022 | £11.1m | £12.1m |
| 31/12/2021 | £9.4m | £9.7m |
Common questions
Is THE COVENTRY DIOCESAN BOARD OF FINANCE LTD financially healthy?
Per its FY2025 accounts: The accounts state that the Coventry Diocesan Board of Finance reported a deficit of £3.3m before investment losses for the year ended 31 December 2025, resulting in a net decrease in total funds to £97.4m. Despite the operating deficit, the charity holds unrestricted funds of £18.1m, with net current assets of £5.1m, which the trustees note is well above their stated reserves policy target of two and a half to three and a half months' operating costs. The auditor confirmed that the use of the going concern basis of accounting is appropriate and identified no material uncertainties regarding the charity's ability to continue operations. Its FY2025 accounts were audited by Crowe U.K. LLP.
Who funds THE COVENTRY DIOCESAN BOARD OF FINANCE LTD?
Funders whose own accounts filings name THE COVENTRY DIOCESAN BOARD OF FINANCE LTD as a grant recipient include TOGETHER FOR CHANGE COVENTRY AND WARWICKSHIRE.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| TOGETHER FOR CHANGE COVENTRY AND WARWICKSHIRE | FY2021 | £30k | Core costs / General Fund |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 09/07/2026 | £19k | Churchyard Biodiversity Citizen Science project - Diocese of Coventry |
| The National Lottery Heritage Fund | 27/11/2024 | £195k | "Churchyard Biodiversity and Heritage Project" |
| UK government | 15/12/2020 | £1k | St Peter's Mancetter |
| UK government | 15/12/2020 | £3k | St Peter's Mancetter |
| The National Lottery Community Fund | 07/09/2016 | £10k | St Marys Friendship Club |
| The National Lottery Heritage Fund | 26/03/2013 | £72k | "Edgehill Visitor Hub" |
| The National Lottery Community Fund | 04/12/2009 | £2k | The Efficient Kitchen of St Barbara's Church |
| The National Lottery Heritage Fund | 11/04/2006 | £50k | "Visitor Strategy Development Project (3 Year Project)" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ARCHBISHOPS' COUNCIL | 1 | £2.4m |
| CULHAM ST GABRIEL'S TRUST | 1 | £14k |
| THE FORTE CHARITABLE FOUNDATION | 1 | £4k |
Charities like this
- COVENTRY DIOCESAN BOARD OF EDUCATION
- THE EXETER DIOCESAN BOARD OF FINANCE
- ST EDMUNDSBURY AND IPSWICH DIOCESAN BOARD OF FINANCE
- THE LEICESTER DIOCESAN BOARD OF FINANCE
- THE CHICHESTER DIOCESAN FUND AND BOARD OF FINANCE (INCORPORATED)
- GUILDFORD DIOCESAN BOARD OF FINANCE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE COVENTRY DIOCESAN BOARD OF FINANCE LTD | £9.8m | — | — | above | — | no doubt |
| COVENTRY DIOCESAN BOARD OF EDUCATION | £491k | — | 0 | within | — | no doubt |
| THE EXETER DIOCESAN BOARD OF FINANCE | £18.8m | — | — | above | — | no doubt |
| ST EDMUNDSBURY AND IPSWICH DIOCESAN BOARD OF FINANCE | £11.1m | — | — | unclear | — | no doubt |
| THE LEICESTER DIOCESAN BOARD OF FINANCE | £10.0m | — | — | above | — | no doubt |
| THE CHICHESTER DIOCESAN FUND AND BOARD OF FINANCE (INCORPORATED) | £21.6m | — | — | within | — | no doubt |