THE CHESTER DIOCESAN BOARD OF FINANCE

Registered charity 248968 · accounts filings on the Charity Commission register · listed website unreachable when last crawled

Latest income
£15.0m
Latest spending
£16.4m
Registered
1966
Accounts read
FY2024

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

Accounts audited by HaysMac LLP.

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

Total income
£15.0m
Total spending
£16.4m
Cost of raising funds
£117k
Reserves (reported)
£3.0m
Employees
46

Reported reserves equal ~2.2 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Register events

Trustees

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

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
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.

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