THE OXFORD DIOCESAN BOARD OF FINANCE
Registered charity 247954 · accounts filings on the Charity Commission register
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net decrease in funds of £2.6m for the year, driven by a £6.1m net expenditure on charitable activities which was partially offset by £3.6m in investment and revaluation gains. Free reserves stood at £7.26m, which the trustees note was equivalent to 3.1 months of gross expenditure, falling short of their stated policy target of three months. The charity holds substantial net assets of £522m, primarily in tangible fixed assets and investments, while maintaining a surplus in its defined benefit pension schemes.
What the accounts disclose
Reserves policy: three months gross expenditure from general funds (held: £7.3m)
“the target general reserves at 1 January each year should be equivalent to three months gross expenditure from general funds in the forthcoming year.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grants made to ODBE
“Grants made to ODBE 292”
“DBF recharged ODBE for accounting, company secretarial, human resources, ICT, premises administrative services totalling £190K in 2024”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: ODBE recharges for services
“Grants made to ODBE 292”
“DBF recharged ODBE for accounting, company secretarial, human resources, ICT, premises administrative services totalling £190K in 2024”
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Diocesan Trustees (Oxford) Limited
“DT(O)L is a subsidiary of ODBF but are not consolidated on the grounds that they are not material”
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by Buzzacott Audit LLP.
Structured financials (annual return, FY ending 31/12/2024)
Cost of raising funds
£900k
Reported reserves equal ~2.6 months of spending — below the median for charities its size (median 4.6 months; benchmarks).
Register events
- Received assets from another charity (22/05/2014) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Trustees
Trustee list from the Charity Commission register (current, not historical).
Operates in: Bracknell Forest · Buckinghamshire · Milton Keynes · Oxfordshire · Reading · Slough · West Berkshire · Windsor And Maidenhead · Wokingham
Income and spending
Common questions
Is THE OXFORD DIOCESAN BOARD OF FINANCE financially healthy?
The accounts state that the charity reported a net decrease in funds of £2.6m for the year, driven by a £6.1m net expenditure on charitable activities which was partially offset by £3.6m in investment and revaluation gains. Free reserves stood at £7.26m, which the trustees note was equivalent to 3.1 months of gross expenditure, falling short of their stated policy target of three months. The charity holds substantial net assets of £522m, primarily in tangible fixed assets and investments, while maintaining a surplus in its defined benefit pension schemes. Its FY2024 accounts were audited by Buzzacott Audit LLP.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
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.
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Semantically similar by activities and financial character, from our analysed corpus. Compare with OXFORD DIOCESAN BOARD OF EDUCATION.