THE TRURO DIOCESAN BOARD OF FINANCE LIMITED
Registered charity 248330 · accounts filings on the Charity Commission register · also known as THE BOARD OF FINANCE OF THE DIOCESE OF TRURO
Promoting and assisting the works, objects and purposes of the Church of England, the advancement of the Christian religion in the Diocese of Truro and, in particular organising and providing funds for various departments of the Church's work.
Causes: Religious Activities · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that total income increased slightly to £7,099k while total expenditure rose significantly to £11,414k, resulting in a net expenditure of £4,314k. Despite this operating deficit, total fund balances increased to £120,050k due to significant unrealised gains on property and investments, with unrestricted reserves falling to £1,174k against a policy target of £1,620k.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Largest income source: Parish contributions (41% of income)
“Parish contributions 2,934,729” — page 23
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £1.2m)
“Actual free reserves as at 31 December 2024 amounted to £1,174k (2023: £2,553k) which is below the target amount” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payments to Archbishops' Council for national church costs
“The TDBF has to comply with Measures passed by the General Synod of the Church of England and is required to make certain annual payments to the Archbishops’ Council towards the running costs of the National Church.” — page 17
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by Francis Clark LLP. Discloses 3 of 6 completeness components.
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2023) to "below" (FY2024).
Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.
Leadership, per the charity’s website
- Revd Cannon Paul Arthur — Revd Cannon (source)
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.
Funders the charity credits
Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).
Property (HM Land Registry)
275 registered titles in England and Wales held by the charity’s company or corporate body (267 freehold); recorded price paid £12.0m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 31/12/2024)
Cost of raising funds
£394k
Reported reserves equal ~1.2 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Donations and legacies (67% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 5.6% of total income — above the median for charities its size (5.2%) (benchmarks).
Register events
- Received assets from another charity (15/06/2016) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Trustee list from the Charity Commission register (current, not historical).
Operates in: Cornwall
Income and spending
Common questions
Is THE TRURO DIOCESAN BOARD OF FINANCE LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that total income increased slightly to £7,099k while total expenditure rose significantly to £11,414k, resulting in a net expenditure of £4,314k. Despite this operating deficit, total fund balances increased to £120,050k due to significant unrealised gains on property and investments, with unrestricted reserves falling to £1,174k against a policy target of £1,620k. Its FY2024 accounts were audited by Francis Clark 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.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with THE EXETER DIOCESAN BOARD OF FINANCE.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.