THE CHESTER DIOCESAN BOARD OF FINANCE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £1,145k for the year, contrasting with a net income of £714k in the prior period. Per the trustees' report, unrestricted free reserves stood at £3m, which the Board considers adequate to maintain cash flow given the voluntary nature of its income. The charity relies heavily on parish share contributions, which stabilized at approximately 87% collection, to fund its primary commitments to clergy stipends and housing.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (18/07/2016)
Trustees
- Canon David Anthony Hermitt
- DR GRAHAM CAMPBELL
- Dr Alan Dowen
- Dr Peter Jonathon Marshall
- Esme Angela Hammer
- Gillian White
- JOHN JEREMY COLLIER FREEMAN
- JOHN STEPHEN HASLAM
- John Philip Mason
- Julie Withers
- Peter Ball-Foster
- REVD MICHAEL IAN ANTONY SMITH
- Rev Anna Louise Leyden
- Rev Christina Phoebe Upton
- Rev Daud Gill
- Rev David Andrew Vestergaard
- Rev Gabrielle Clair Jaquiss
- Rev George Crowder
- Rev Hana Jane Amner
- Rev Lesley Sarah Currie
- Rev Michael Laurence Ridley
- Rev NIGEL TERENCE ATKINSON
- Rev Ruth Elizabeth Mock
- Rev Samuel Jon Clint Corley
- Rev Stephen Dunton
- Rt Revd Julie Anne Conalty
- Samuel Harvey Wilson
- THE RT REVD DR MARK SIMON AUSTIN TANNER
- The Ven Jane Proudfoot
- The Very Reverend Dr TIMOTHY RICHARD STRATFORD
- VEN DR MICHAEL GILBERTSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £15.0m | £16.4m |
| 31/12/2023 | £15.1m | £15.5m |
| 31/12/2022 | £14.6m | £14.9m |
| 31/12/2021 | £14.6m | £14.1m |
| 31/12/2020 | £14.5m | £15.4m |
Common questions
Is THE CHESTER DIOCESAN BOARD OF FINANCE financially healthy?
The accounts state that the charity reported a net expenditure of £1,145k for the year, contrasting with a net income of £714k in the prior period. Per the trustees' report, unrestricted free reserves stood at £3m, which the Board considers adequate to maintain cash flow given the voluntary nature of its income. The charity relies heavily on parish share contributions, which stabilized at approximately 87% collection, to fund its primary commitments to clergy stipends and housing. Its FY2024 accounts were audited by HaysMac LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ARCHBISHOPS' COUNCIL | 1 | £6.5m |
| NEWCASTLE DIOCESAN SOCIETY | 1 | £22k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT BADDOW, MEADGATE | 1 | £7k |