WINCHESTER DIOCESAN BOARD OF FINANCE
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operating deficit of £1.632m for the year ended 31 December 2024, driven by increased expenditure on ministry support and diocesan costs. However, this deficit was covered by investment gains and property revaluations, resulting in a net increase in total funds to £186.283m. The trustees maintain free reserves of £4.6m, which represents 4.3 months of budgeted unrestricted expenditure, falling within their stated policy target of 3 to 6 months.
What the accounts disclose
“The Trustees’ policy aim is to hold a balance of free reserves (general fund less tangible fixed assets net of longterm financing) on its general fund, equivalent to between 3 and 6 months budgeted unrestricted expenditure.”
“At 31 December 2024, loans totalling £576,000 (2023: £650,500) were owed from Launchpad Social Enterprise. The loans are interest free and repayable over 10 years.” — page 52
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (11/11/2016)
Trustees
- ALASTAIR BARRON
- David Robert Stanley Collier
- Dr Richard Marcus Roope
- Elspeth Mackeggie Gurney
- Gillian Margaret Gray Knight
- Ian Robert Dighe
- Kelly Anne Betteridge
- Madeleine Julie Hedley
- Rev Angela Smith
- Rev Rhiannon Elizabeth King
- Rev Sarah Elizabeth Yetman
- The Bishop Of Winchester
- The Reverend Andrew Mark Micklefield
- The Venerable Simon Richard Butler
- The Very Reverend Christopher John Ingamells Palmer
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £13.0m | £14.7m |
| 31/12/2023 | £13.2m | £13.0m |
| 31/12/2022 | £13.1m | £13.0m |
| 31/12/2021 | £14.8m | £13.9m |
| 31/12/2020 | £13.5m | £12.5m |
Common questions
Is WINCHESTER DIOCESAN BOARD OF FINANCE financially healthy?
The accounts state that the charity reported an operating deficit of £1.632m for the year ended 31 December 2024, driven by increased expenditure on ministry support and diocesan costs. However, this deficit was covered by investment gains and property revaluations, resulting in a net increase in total funds to £186.283m. The trustees maintain free reserves of £4.6m, which represents 4.3 months of budgeted unrestricted expenditure, falling within their stated policy target of 3 to 6 months. Its FY2024 accounts were audited by HaysMac LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 05/03/2020 | £46k | "Bell Tower Restoration" |
| The National Lottery Heritage Fund | 11/09/1996 | £12k | "Phoebe Traquair Mural, Bransgore, Thorney Hill" |
Charities like this
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, WINCHESTER
- THE DERBY DIOCESAN BOARD OF FINANCE LIMITED
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WINCHESTER ST LAWRENCE WITH ST SWITHUN-UPON-KINGSGATE
- THE PETERBOROUGH DIOCESAN BOARD OF FINANCE
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BARNABAS, WINCHESTER
- PORTSMOUTH DIOCESAN BOARD OF FINANCE