THE HEREFORD DIOCESAN BOARD OF FINANCE
Promotion of Christianity
Objects
TO PROMOTE, AID, AND FURTHER THE RELIGIOUS AND OTHER CHARITABLE WORK, OF THE CHURCH OF ENGLAND (HEREAFTER CALLED "THE CHURCH") IN THE DIOCESE OF HEREFORD (WHATEVER FOR THE TIME BEING SHALL BE THE AREA OF THE DIOCESE CALLED THE DIOCESE OF HEREFORD, OR CALLED BY ANY NAME WHICH SHALL HEREAFTER BE SUBSTITUTED FOR THE PRESENT NAME OF THE DIOCESE, AND WHICH AREA IS HEREAFTER REFERRED TO AS "THE DIOCESE"), BUT AT THE DISCRETION OF THE TRUSTEES ELSEWHERE IN THE WORLD INCLUDING THROUGH: I. SUPPORTING FINANCIALLY OR OTHERWISE TRAINING FOR MINISTRY, CLERICAL AND LAY II. THE MAINTENANCE AND SUPPORT OF CLERGY AND OTHER PERSONS CONNECTED WITH MINISTRY OR THE WORK OF THE CHURCH III. THE PROVISION OF PENSIONS FOR MINISTERS, TEACHERS AND WORKERS OF THE CHURCH, AND OF PERSONS WHO HAVE PREVIOUSLY HELD ANY SUCH POSITION, AND DEPENDENTS OF THEM OR ANY OF THEM AND THE OVERSIGHT OF SUCH DEPENDENTS IN ACCORDANCE WITH AND SUBJECT TO THE CLERGY PENSIONS MEASURE 1961
Financial health, per its FY2025 accounts
The accounts state that the charity reported an operating deficit of £1.72m for the year ended 31 December 2025, driven by a structural gap between income and expenditure. While unrestricted reserves stood at £1.0m, this was below the stated policy target of four months' operating expenditure, though the trustees anticipate realizing £0.9m from a property sale in 2026 to address this. The charity remains well-placed to continue as a going concern, supported by significant endowment assets and investment gains that offset the operating losses.
What the accounts disclose
“Parish Offer contributions generated 55% of income (2024: 56% restated).”
“Although the General fund yearend reserves figure of £1.0m is less than half the minimum level indicated by the policy, the Trustees expect to realise ~£0.9m from the sale of a General Fund property asset in 2026.” — page 19
“During 2025, HDBF received a grant from the Herefordshire Historic Churches Trust amounting to £5,000 (2024: £5,000).” — page 55
“During 2025 HDBF received a grant from the Shropshire Historic Churches Trust of £4,000 (2024: £4,000).”
“During 2025, HDBF received a grant from the Herefordshire Historic Churches Trust amounting to £5,000 (2024: £5,000).” — page 55
“During 2025 HDBF received a grant from the Shropshire Historic Churches Trust of £4,000 (2024: £4,000).”
“During 2025, HDBF received a grant from the Herefordshire Historic Churches Trust amounting to £5,000 (2024: £5,000).” — page 55
“During 2025 HDBF received a grant from the Shropshire Historic Churches Trust of £4,000 (2024: £4,000).”
“During 2025, HDBF received a grant from the Herefordshire Historic Churches Trust amounting to £5,000 (2024: £5,000).” — page 55
“During 2025 HDBF received a grant from the Shropshire Historic Churches Trust of £4,000 (2024: £4,000).”
“During 2025, HDBF received a grant from the Herefordshire Historic Churches Trust amounting to £5,000 (2024: £5,000).” — page 55
“During 2025 HDBF received a grant from the Shropshire Historic Churches Trust of £4,000 (2024: £4,000).”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 50
- Government income: £129,168 — grants £129,168 (2); 2% of the £5,986,627 total gross income on the same return
- Employees paid over £60,000: 3 (£60,001–£70,000: 2; £80,001–£90,000: 1)
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 50
- Government income: £106,138 — grants £106,138 (2); 2% of the £6,235,313 total gross income on the same return
- Employees paid over £60,000: 1 (£70,001–£80,000: 1)
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 30
- Government income: £54,368 — grants £54,368 (2); under 1% of the £5,898,678 total gross income on the same return
- Employees paid over £60,000: 1 (£70,001–£80,000: 1)
Corporate structure
- Registered company of the charity Companies House 00144467 · Financial health read from its filings
Leadership, per the charity’s website
- Richard Jackson — Bishop of Hereford
Funders the charity credits
- Herefordshire Council
Company officers (Companies House)
- HUSTWAYTE, Samantha Jane, The Venerable on trustee list
- TEALE, Andrew Terence, Canon on trustee list
- SHUTTLEWORTH, Marion Shirley on trustee list
- HOUSTON, Charles Robson Hamilton on trustee list
- HILL, Emily Lauren on trustee list
- KINGSMILL-VELLACOTT, Anna on trustee list
- FOUNTAIN, Stephanie Ann Cecilia, Reverend on trustee list
- MOORE, Christopher Kevin William, Reverend on trustee list
- CLEMENTS, David James on trustee list
- WOOD, Andrew Charles on trustee list
- COLE, Guy Spenser, Reverend on trustee list
- BROWN, Sarah Romilly Denner, Revd Canon on trustee list
- JACKSON, Richard Charles, Right Reverend on trustee list
- SELLAR, Nigel Anthony on trustee list
- BUCK, William Ashley, Revd Preb on trustee list
- CHEDZEY, Derek Christopher, The Venerable on trustee list
- PRATLEY, Samuel Robin
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Andrew Charles Wood
- Andrew Terence Teale
- Anna Kingsmill-Vellacott
- Charles Robson Houston
- David James Clements
- Emily Lauren Hill
- Marion Shirley Shuttleworth
- Nigel Anthony Sellar
- Rev CHRISTOPHER KEVIN WILLIAM MOORE
- Rev Guy Spenser Cole
- Rev Stephanie Ann Cecilia Fountain
- Rev William Ashley Buck
- The Right Reverend Richard Charles Jackson
- The Venerable Samantha Jane Hustwayte
- Venerable Derek Christopher Chedzey
- Very Revd Sarah Romilly Denner Brown
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £6.0m | £7.7m |
| 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 |
Common questions
Is THE HEREFORD DIOCESAN BOARD OF FINANCE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported an operating deficit of £1.72m for the year ended 31 December 2025, driven by a structural gap between income and expenditure. While unrestricted reserves stood at £1.0m, this was below the stated policy target of four months' operating expenditure, though the trustees anticipate realizing £0.9m from a property sale in 2026 to address this. The charity remains well-placed to continue as a going concern, supported by significant endowment assets and investment gains that offset the operating losses. Its FY2025 accounts were audited by Crowe UK LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 12/02/2026 | £217k | "Saving St James the Great, Ocle Pychard" |
| UK government | 01/04/2024 | £12k | Hereford Diocese POWSO |
| UK government | 01/04/2023 | £14k | Hereford Diocese POWSO (3rd Term) |
| The National Lottery Community Fund | 16/09/2022 | £8k | Hereford Diocese: Support for Ukraine |
| UK government | 01/04/2022 | £17k | Hereford Diocese POWSO |
| UK government | 01/04/2021 | £7k | Hereford Diocese POWSO (3rd Term) |
| The National Lottery Heritage Fund | 25/02/2020 | £100k | "Eastnor Church Restoration and New Facilities Project" |
| The National Lottery Heritage Fund | 10/07/2018 | £38k | "The Encounter Project" |
| The National Lottery Heritage Fund | 07/06/2016 | £236k | "Repair and regeneration of St Michael's Church, Brampton Abbotts" |
| The National Lottery Community Fund | 03/07/2009 | £10k | Realising the Potential: Community use of Churches DVD and Toolkit |
| The National Lottery Community Fund | 22/09/2006 | £10k | Bredwardine Church Bells Appeal |
| The National Lottery Heritage Fund | 20/05/2004 | £40k | "Save the Church Barn" |
| The National Lottery Heritage Fund | 04/08/2003 | £23k | "Conservation of the Nicholson Organ in the Church" |
| The National Lottery Heritage Fund | 11/02/1997 | £90k | "Holy Trinity Church, Minsterley - Restoration" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ARCHBISHOPS' COUNCIL | 1 | £15.5m |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, SPROTBROUGH WITH ST EDMUND, ANCHORAGE LANE | 1 | £45k |
| CHRIST CHURCH ENDCLIFFE CIO | 1 | £6k |
Charities like this
- SHEFFIELD DIOCESAN BOARD OF FINANCE
- THE PETERBOROUGH DIOCESAN BOARD OF FINANCE
- WORD OF FAITH MISSION
- RETFORD BAPTIST CHURCH
- ST EDMUNDSBURY AND IPSWICH DIOCESAN BOARD OF FINANCE
- FOUNDATION MATTERS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE HEREFORD DIOCESAN BOARD OF FINANCE | £6.0m | — | — | below | — | no doubt |
| SHEFFIELD DIOCESAN BOARD OF FINANCE | £12.1m | — | — | unclear | — | no doubt |
| THE PETERBOROUGH DIOCESAN BOARD OF FINANCE | £10.1m | — | — | above | — | no doubt |
| WORD OF FAITH MISSION | £57k | £18,052 | 0 | unclear | — | no doubt |
| RETFORD BAPTIST CHURCH | £312k | — | 0 | unclear | — | no doubt |
| ST EDMUNDSBURY AND IPSWICH DIOCESAN BOARD OF FINANCE | £11.1m | — | — | unclear | — | no doubt |