GUILDFORD DIOCESAN BOARD OF FINANCE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £522,000 for the year, primarily driven by a clergy housing overspend. While the balance sheet shows strong net assets of £212.1 million, the trustees note that the financial stability of the organisation depends heavily on parish share receipts, which are under pressure due to declining regular givers and strained parish finances.
What the accounts disclose
“the GDBF has set a minimum level of general free reserves, excluding fixed assets, of 25% of budgeted annual expenditure which for 2024 was £4.2m. The balance of reserves excluding fixed assets on the general fund at 31 December was £1.9m”
“Guildford Diocesan Board of Finance has one wholly owned subsidiary, Guildford Diocesan Services Limited (GDSL) which has a share capital of £1. The trading activities of GDSL primarily consist of the supply of building project management and training services to church schools in the Diocese.” — page 39
Leadership, per the charity’s website
- Rt Revd Paul Davies — Acting Bishop of Guildford
- The Revd H. David Uffindell — Chair of the Vacancy in See Committee
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Stephen Peter Robertschair
- Anna Margaret Shaw
- CANON PETER NIGEL EDWARD BRUINVELS
- Elizabeth Angela Klintworth
- Graeme Roderick Holmes Hampshire
- Graham Everness
- Howard Gordon Mason
- Karen Booker
- Keith Robert Malcouronne
- Monilola Babatunde
- Rev Alwyn Antonio Basilio Pereira
- Rev Benjamin Harold Beecroft
- Rev Hannah Terese Moore
- Rev Harold David Uffindell
- Rev Kirsten Louise Rosslyn-Smith
- Rev Martin Christopher Breadmore
- Rev Robert Gerard Cooper
- Revd Dr Simon David Newman Vibert
- The Right Reverend RICHARD PAUL DAVIES
- The Venerable Catharine Mary Mabuza
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £15.7m | £16.3m |
| 31/12/2023 | £14.5m | £15.5m |
| 31/12/2022 | £16.1m | £14.9m |
| 31/12/2021 | £15.0m | £14.3m |
| 31/12/2020 | £14.3m | £13.6m |
Common questions
Is GUILDFORD DIOCESAN BOARD OF FINANCE financially healthy?
The accounts state that the charity reported a net deficit of £522,000 for the year, primarily driven by a clergy housing overspend. While the balance sheet shows strong net assets of £212.1 million, the trustees note that the financial stability of the organisation depends heavily on parish share receipts, which are under pressure due to declining regular givers and strained parish finances. Its FY2024 accounts were audited by Forvis Mazars LLP.