THE LEICESTER DIOCESAN BOARD OF FINANCE
Financial health, per its FY2025 accounts
The accounts state that the Diocese experienced an operating deficit of £1.73m for the year ended 31 December 2025, driven by structural costs that exceed income. Per the trustees' report, the Diocese holds unrestricted free reserves of £8.26m, which exceeds the stated policy target of three months' budgeted expenditure, providing a buffer against the anticipated deficits until a balanced budget is targeted for 2028.
What the accounts disclose
“the Trustees’ policy is to hold a minimum balance of readily realisable assets in the general fund equivalent to at least three months budgeted expenditure for 2026. At 31 December 2025 the amount required under this policy totalled £2.58m” — page 11
“These accounts are consolidated as they contain the results of St Martins Hospitality Ltd. St Martins Hospitality Ltd. started trading on 1 January 2024 having been incorporated in November 2023.” — page 6
Leadership, per the charity’s website
- Jonathan Kerry — Diocesan Secretary
- Andy Brockbank — Director of Operations and Governance
- Simon Wilson — Director of Finance
- Carolyn Shoyer — Director of Education
- Revd Dr Stuart Burns — Director of Parish Transition and Ministry Development Team
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (29/09/2016)
- Received assets from another charity (09/09/2016)
Trustees
- David John Palmerchair
- Ann Margaret Greenwood
- Dr Stephen Mark Gorton
- RT REVD MARTYN JAMES SNOW
- Rev Jitesh Krisnakant Patel
- Rev Stephen Andrew Bailey
- Right Reverend Malayil Lukose Varghese Muthalaly
- Sadie Estella Batstone
- Stephen Mark Adshead
- THE VENERABLE Claire Wood
- The Very Reverend Karen Sheila Frances Rooms
- Venerable Richard John Trethewey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £10.0m | £11.4m |
| 31/12/2024 | £10.8m | £12.3m |
| 31/12/2023 | £10.7m | £12.6m |
| 31/12/2022 | £11.0m | £12.0m |
| 31/12/2021 | £10.9m | £11.9m |
Common questions
Is THE LEICESTER DIOCESAN BOARD OF FINANCE financially healthy?
The accounts state that the Diocese experienced an operating deficit of £1.73m for the year ended 31 December 2025, driven by structural costs that exceed income. Per the trustees' report, the Diocese holds unrestricted free reserves of £8.26m, which exceeds the stated policy target of three months' budgeted expenditure, providing a buffer against the anticipated deficits until a balanced budget is targeted for 2028. Its FY2025 accounts were audited by HaysMac LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 21/06/2017 | £18k | ""Let the Bells Ring Out": St Denys Church Ringing and Restoration Project" |
| The National Lottery Heritage Fund | 18/12/2007 | £50k | "Saving of the Oxford and Cambridge building and restoration of the HA-HA at Launde Abbey" |