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PORTSMOUTH DIOCESAN BOARD OF FINANCE

Registered charity 249256 · accounts filings on the Charity Commission register

Latest income
£9.4m
Latest spending
£10.8m
Registered
1966
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported an overall surplus of £1,644,645 for the year ended 31 December 2024, driven largely by revaluations of investments and property. However, the operating result on the general fund was a deficit of £782,739, reflecting ongoing pressures from inflation and parish share collection challenges. Free reserves stood at £3.0m, representing 6.9 months of parish share requested, which is within the Trustees' policy target of maintaining between 3 and 6 months.

What the accounts disclose

Highest-paid employee band: unclear
“The number of staff whose emoluments (including benefits in kind but excluding pension contributions) amounted to more than £60,000 was as follows:” — page 41
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three to six months of parish share requested (held: £3.0m)
“The Trustees aim to maintain between 3 and 6 months.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: PDBF employed staff for PDCSR; PDCSR reimbursed staff costs.
“Staff engaged in the activities of PDCSR are employed by the PDBF and a contribution towards their staff costs was made by the PDCSR for £132,967 (2023: £83,271). The PDBF has also supported the work of the PDCSR for several years and in 2024 provided free use of office space, and IT Cloud functionality.”
“The Portsmouth and Winchester Diocesan Board of Education (DBE) shares trustees with PDBF and provides funding to the charity for its operations. Funding provided in the year totalled £86,666 (2023: £nil). The PDBF provided free use of office space to the DBE.” — page 58
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: DBE provided funding to PDBF; PDBF provided free office space to DBE.
“Staff engaged in the activities of PDCSR are employed by the PDBF and a contribution towards their staff costs was made by the PDCSR for £132,967 (2023: £83,271). The PDBF has also supported the work of the PDCSR for several years and in 2024 provided free use of office space, and IT Cloud functionality.”
“The Portsmouth and Winchester Diocesan Board of Education (DBE) shares trustees with PDBF and provides funding to the charity for its operations. Funding provided in the year totalled £86,666 (2023: £nil). The PDBF provided free use of office space to the DBE.” — page 58
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP.

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 31/12/2025)

Total income
£9.4m
Total spending
£10.8m
Cost of raising funds
£39k
Reserves (reported)
£100.8m
Employees
46

Reported reserves equal ~112.4 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Hampshire · Isle Of Wight

Income and spending

Financial year endIncomeSpending
31/12/2025£9.4m£10.8m
31/12/2024£8.3m£8.8m
31/12/2023£8.1m£8.5m
31/12/2022£8.5m£8.1m
31/12/2021£8.6m£7.6m

Common questions

Is PORTSMOUTH DIOCESAN BOARD OF FINANCE financially healthy?

The accounts state that the charity reported an overall surplus of £1,644,645 for the year ended 31 December 2024, driven largely by revaluations of investments and property. However, the operating result on the general fund was a deficit of £782,739, reflecting ongoing pressures from inflation and parish share collection challenges. Free reserves stood at £3.0m, representing 6.9 months of parish share requested, which is within the Trustees' policy target of maintaining between 3 and 6 months. Its FY2024 accounts were audited by HaysMac LLP.

What does the highest-paid employee of PORTSMOUTH DIOCESAN BOARD OF FINANCE earn?

Per its FY2024 accounts, the highest-paid employee was in the unclear band.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund14/06/2013£138k"Essential repairs, to roof guttering and stonework"

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARK, HOLBROOK1£3k
THE MANCHESTER GUARDIAN SOCIETY CHARITABLE TRUST1£2k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH PENNINGTON (MANCHESTER DIOCESE).