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THE BRISTOL DIOCESAN BOARD OF FINANCE LIMITED

Registered charity 248502 · accounts filings on the Charity Commission register

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Latest income
£9.5m
Latest spending
£13.5m
Registered
1966
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net operating deficit of £2,651,000 for the year ended 31 December 2023, an increase from the previous year's deficit of £567,000. However, total net assets increased to £74,438,000, supported by a £6,472,000 rise in investment values which offset the operational shortfall.

What the accounts disclose

Reserves policy: three months of general fund expenditure (held: £19.9m)
“The required reserves figure (based on the first two levels above) is estimated to equate to at least three months of general fund (designated and undesignated) expenditure and would amount to approximately £2,479,500.” — page 10
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: One Director received a termination payment of £23,150. Directors received stipends/housing as clergy, not as directors.
“One of the Directors received a termination payment of £23,150 in respect of the year ended 31 December 2023 all of which was accrued at the year end and paid after the year end. This payment was made in respect of services provided and approved in accordance with established governance and with the accounting policy for such payments noted in Note 1.b) vi) above.” — page 36
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Mazars LLP. Discloses 4 of 6 completeness components.

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

Total income
£9.5m
Total spending
£13.5m
Cost of raising funds
£146k
Reserves (reported)
£17.0m
Employees
86

Reported reserves equal ~15.1 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

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

Operates in: Bath And North East Somerset · Bristol City · North Somerset · South Gloucestershire · Swindon · Wiltshire

Income and spending

Financial year endIncomeSpending
31/12/2024£9.5m£13.5m
31/12/2023£9.0m£11.6m
31/12/2022£9.6m£10.2m
31/12/2021£9.4m£9.7m
31/12/2020£14.0m£9.6m

Common questions

Is THE BRISTOL DIOCESAN BOARD OF FINANCE LIMITED financially healthy?

The accounts state that the charity reported a net operating deficit of £2,651,000 for the year ended 31 December 2023, an increase from the previous year's deficit of £567,000. However, total net assets increased to £74,438,000, supported by a £6,472,000 rise in investment values which offset the operational shortfall. Its FY2023 accounts were audited by Mazars LLP.