ST EDMUNDSBURY AND IPSWICH DIOCESAN BOARD OF FINANCE

Registered charity 248919 · accounts filings on the Charity Commission register

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Latest income
£10.1m
Latest spending
£10.4m
Registered
1966
Accounts read
FY2024

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

Reserves position: below the charity's own stated reserves policy
As per note 24, unrestricted net current assets are £815k (2023: net current assets of £536k) – substantially below the stated requirement.
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Churchgates 2000 Limited
The DBF has one wholly owned active subsidiary, Churchgates 2000 Limited, whose assets and liabilities are consolidated into the Stipends Capital Fund — page 16
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Larking Gowen LLP. Discloses 4 of 6 completeness components.

Leadership, per the charity’s website

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.

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

Total income
£10.1m
Total spending
£10.4m
Cost of raising funds
£260k
Reserves (reported)
£1.3m
Employees
69

Reported reserves equal ~1.5 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

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Trustees

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

Operates in: Essex · Suffolk

Income and spending

Financial year endIncomeSpending
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

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund26/01/2012£40k"Angels and Pinnacles"