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THE HEREFORD DIOCESAN BOARD OF FINANCE

Registered charity 249685 · accounts filings on the Charity Commission register · also known as HDBF

Latest income
£6.2m
Latest spending
£7.4m
Registered
1966
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported an operating deficit of £1.2m for the year, with unrestricted reserves standing at £1.8m, which is slightly below the stated policy target of £2.1m. Despite this structural deficit, the trustees consider the charity well-placed to manage risks, citing sufficient resources and liquidity to continue operations for the foreseeable future.

What the accounts disclose

Reserves policy: four months' operating expenditure (held: £1.8m)
“In the light of the above, the Directors’ policy is to maintain free reserves equivalent to at least four months’ operating expenditure in cash and readily liquid assets in the general unrestricted fund.” — page 17
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: HDBF paid £37,458 to DHMAT for partnership costs.
“During the year, invoices net of VAT totalling £37,458 (2023: £10,800) for partnership costs were raised from HDBF to DHMAT.” — page 53
“During 2024, HDBF received a grant from the Hereford Historic Churches Trust amounting to £5,000 (2023: £5,000).” — page 53
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: HDBF received £5,000 grant from Hereford Historic Churches Trust.
“During the year, invoices net of VAT totalling £37,458 (2023: £10,800) for partnership costs were raised from HDBF to DHMAT.” — page 53
“During 2024, HDBF received a grant from the Hereford Historic Churches Trust amounting to £5,000 (2023: £5,000).” — page 53
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: HDBF paid £10,000 grant to LEAF.
“During the year, invoices net of VAT totalling £37,458 (2023: £10,800) for partnership costs were raised from HDBF to DHMAT.” — page 53
“During 2024, HDBF received a grant from the Hereford Historic Churches Trust amounting to £5,000 (2023: £5,000).” — page 53
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: HDBF paid £791 to Halo Leisure Services for room hire.
“During the year, invoices net of VAT totalling £37,458 (2023: £10,800) for partnership costs were raised from HDBF to DHMAT.” — page 53
“During 2024, HDBF received a grant from the Hereford Historic Churches Trust amounting to £5,000 (2023: £5,000).” — page 53
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe UK LLP.

Corporate structure

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.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

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

Total income
£6.2m
Total spending
£7.4m
Cost of raising funds
£289k
Reserves (reported)
£1.8m
Employees
44

Reported reserves equal ~2.8 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Herefordshire · Shropshire

Income and spending

Financial year endIncomeSpending
31/12/2024£6.2m£7.4m
31/12/2023£5.9m£7.2m
31/12/2022£6.1m£6.9m
31/12/2021£5.6m£6.7m
31/12/2020£5.7m£6.5m

Common questions

Is THE HEREFORD DIOCESAN BOARD OF FINANCE financially healthy?

The accounts state that the charity reported an operating deficit of £1.2m for the year, with unrestricted reserves standing at £1.8m, which is slightly below the stated policy target of £2.1m. Despite this structural deficit, the trustees consider the charity well-placed to manage risks, citing sufficient resources and liquidity to continue operations for the foreseeable future. Its FY2024 accounts were audited by Crowe UK LLP.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund12/02/2026£217k"Saving St James the Great, Ocle Pychard"
The National Lottery Heritage Fund25/02/2020£100k"Eastnor Church Restoration and New Facilities Project"
The National Lottery Heritage Fund10/07/2018£38k"The Encounter Project"
The National Lottery Heritage Fund07/06/2016£236k"Repair and regeneration of St Michael's Church, Brampton Abbotts"
The National Lottery Heritage Fund20/05/2004£40k"Save the Church Barn"
The National Lottery Heritage Fund04/08/2003£23k"Conservation of the Nicholson Organ in the Church"
The National Lottery Heritage Fund11/02/1997£90k"Holy Trinity Church, Minsterley - Restoration"

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 ARCHBISHOPS' COUNCIL1£6.5m
SIR JOHN PRIESTMAN CHARITY TRUST1£36k
CHARITY OF SIR RICHARD WHITTINGTON1£32k
NEWCASTLE DIOCESAN SOCIETY1£22k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT BADDOW, MEADGATE1£7k

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