MANCHESTER DIOCESAN BOARD OF FINANCE
Registered charity 249424 · accounts filings on the Charity Commission register
MANCHESTER DIOCESAN BOARD OF FINANCE AIMS TO PROMOTE, FACILITATE ADN ASSIST WITH THE WORK AND PURPOSES OF THE CHURCH OF ENGLAND FOR THE ADVANCEMENT OF THE CHRISTIAN FAITH IN THE DIOCESE OF MANCHESTER AND ELSEWHERE
Causes: Religious Activities · Grant history (this charity is a funder) · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the charity recorded a deficit on General Unrestricted Funds of £0.849m, resulting in closing unrestricted reserves of £16.709m. Per the trustees' report, these reserves equate to just over 14 months' gross unrestricted expenditure, which is above the stated policy target of three to six months. The charity confirmed it is able to continue as a going concern with no material uncertainties identified.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Largest income source: Parish Share (39% of income)
“In 2024, around 39% of the income of the MDBF came from the Parish Share” — page 21
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three to six months' gross unrestricted expenditure (held: £16.7m)
“The target free reserves is currently set at an amount equivalent to a minimum of three months’ and a maximum of six months’ gross expenditure from unrestricted funds.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: MDBF paid Emmanuel Theological College for training, where two trustees served as directors.
“The Archdeacon of Bolton, The Ven Dr R Mann and the Bishop of Bolton the Rt Revd Matthew Porter served as a Trustee at Emmanuel Theological College during 2024 fees totalling £49,266(2023: £155,492) were paid for Ordinand and Reader training” — page 67
“The Archdeacon of Manchester Ven K Best served as Director of Benefact Trust Limited (Formerly Allchurches Trust Ltd) which provided a general grant to MDBF in 2024 for £177K” — page 67
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: MDBF received a grant from Benefact Trust, where a trustee served as a director.
“The Archdeacon of Bolton, The Ven Dr R Mann and the Bishop of Bolton the Rt Revd Matthew Porter served as a Trustee at Emmanuel Theological College during 2024 fees totalling £49,266(2023: £155,492) were paid for Ordinand and Reader training” — page 67
“The Archdeacon of Manchester Ven K Best served as Director of Benefact Trust Limited (Formerly Allchurches Trust Ltd) which provided a general grant to MDBF in 2024 for £177K” — page 67
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: MDBF received grant funding from Manchester City Centre Resource Church Trust, where two trustees served as directors.
“The Archdeacon of Bolton, The Ven Dr R Mann and the Bishop of Bolton the Rt Revd Matthew Porter served as a Trustee at Emmanuel Theological College during 2024 fees totalling £49,266(2023: £155,492) were paid for Ordinand and Reader training” — page 67
“The Archdeacon of Manchester Ven K Best served as Director of Benefact Trust Limited (Formerly Allchurches Trust Ltd) which provided a general grant to MDBF in 2024 for £177K” — page 67
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: MDBF paid rent and service charges to Manchester Cathedral Ventures Ltd, where a trustee served as a director.
“The Archdeacon of Bolton, The Ven Dr R Mann and the Bishop of Bolton the Rt Revd Matthew Porter served as a Trustee at Emmanuel Theological College during 2024 fees totalling £49,266(2023: £155,492) were paid for Ordinand and Reader training” — page 67
“The Archdeacon of Manchester Ven K Best served as Director of Benefact Trust Limited (Formerly Allchurches Trust Ltd) which provided a general grant to MDBF in 2024 for £177K” — page 67
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Manchester Diocesan Church House Company Limited
“MDBF has a subsidiary undertaking, the Manchester Diocesan Church House Company Limited, whose principal activity was the provision of a Church House for Investment Property and Diocesan purposes.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by HaysMac LLP. Discloses 4 of 6 completeness components.
Leadership, per the charity’s website
- The Right Reverend Dr David Walker — Bishop of Manchester (source)
- The Right Reverend Dr Matthew Porter — Bishop of Bolton (source)
- The Venerable Karen Best — Archdeacon of Manchester (source)
- The Venerable Simon Cook — Archdeacon of Salford and Bolton (source)
- The Venerable Karen Smeeton — Archdeacon of Rochdale (source)
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.
Property (HM Land Registry)
207 registered titles in England and Wales held by the charity’s company or corporate body (168 freehold); recorded price paid £8.1m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 31/12/2024)
Cost of raising funds
£82k
Reserves (reported)
£18.9m
Reported reserves equal ~12.9 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).
Per its annual return, largest income source: Donations and legacies (39% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 0.6% of total income — below the median for charities its size (3.8%) (benchmarks).
Register events
- Received assets from another charity (03/05/2016) — per the register’s event history; asset transfers typically record mergers or reorganisations.
- Received assets from another charity (03/11/2015) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Trustee list from the Charity Commission register (current, not historical).
Operates in: Bolton · Bury · Manchester City · Oldham · Rochdale · Salford City · Stockport · Tameside · Trafford · Wigan
Income and spending
Common questions
Is MANCHESTER DIOCESAN BOARD OF FINANCE financially healthy?
Per its FY2024 accounts: The accounts state that the charity recorded a deficit on General Unrestricted Funds of £0.849m, resulting in closing unrestricted reserves of £16.709m. Per the trustees' report, these reserves equate to just over 14 months' gross unrestricted expenditure, which is above the stated policy target of three to six months. The charity confirmed it is able to continue as a going concern with no material uncertainties identified. Its FY2024 accounts were audited by HaysMac LLP.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
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.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with MANCHESTER DIOCESAN CHURCH OF ENGLAND COUNCIL FOR SOCIAL AID.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.