ST EDMUNDSBURY AND IPSWICH DIOCESAN BOARD OF FINANCE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £249k for the year, primarily due to higher expenditure on restricted funds and a decline in parish share collection rates to 83.3%. While unrestricted net current assets of £815k are substantially below the stated reserves policy target of £1,292k, the trustees remain confident in the charity's ability to continue as a going concern based on approved budgets and cash flow forecasts.
What the accounts disclose
“As per note 24, unrestricted net current assets are £815k (2023: net current assets of £536k) – substantially below the stated requirement.”
“The DBF has one wholly owned active subsidiary, Churchgates 2000 Limited, whose assets and liabilities are consolidated into the Stipends Capital Fund” — page 16
Leadership, per the charity’s website
- The Revd Canon Sharron Coburn — Director of Mission and Ministry
- The Revd Canon Stuart Batten — Diocesan Director of Ordinands
- Jane Sheat — Diocesan Director of Education
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (08/07/2013)
- Received assets from another charity (11/09/2012)
Trustees
- DAVID LAMMING
- David Walters
- Edward Creasy
- Emma Knight
- Ian Wigston
- Jacqueline Maslin
- Jonathan Penn
- Justin Rabett
- REV SHARON JANE POTTER
- Rev Andrew Miller
- Rev Joanne Grenfell DR
- Rev John Adrian Thackray
- Rev Robert Otule
- Sabrina Crooks
- Simon Gash
- THE REVD JOSEPH HAWES
- The Ven Dr D H Jenkins
- The Venerable Samantha Brazier-Gibbs
- Venerable Richard Henderson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £10.1m | £10.4m |
| 31/12/2023 | £13.0m | £11.0m |
| 31/12/2022 | £9.6m | £9.9m |
| 31/12/2021 | £10.0m | £9.2m |
| 31/12/2020 | £9.3m | £9.2m |
Common questions
Is ST EDMUNDSBURY AND IPSWICH DIOCESAN BOARD OF FINANCE financially healthy?
The accounts state that the charity reported a net deficit of £249k for the year, primarily due to higher expenditure on restricted funds and a decline in parish share collection rates to 83.3%. While unrestricted net current assets of £815k are substantially below the stated reserves policy target of £1,292k, the trustees remain confident in the charity's ability to continue as a going concern based on approved budgets and cash flow forecasts. Its FY2024 accounts were audited by Larking Gowen LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 26/01/2012 | £40k | "Angels and Pinnacles" |