THE DERBY DIOCESAN BOARD OF FINANCE LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operational deficit of £495,137 for the year, though total funds increased by £2.9 million due to significant investment gains. The trustees note that free reserves of £4.83 million are held above the stated policy target of three months' budgeted unrestricted expenditure, providing a buffer against income uncertainty.
What the accounts disclose
“the policy is to hold a balance of readily realisable assets in the general fund equivalent to three months budgeted unrestricted expenditure.” — page 15
“Derby Diocesan Board of Education £200,000 (2023 - £268,380) - to support the Diocese through the mission of the Board of Education” — page 46
“Derby Cathedral £23,835 (2023 - £21,887) - in recognition of the place of the cathedral at the heart of the diocese” — page 46
“Derby Diocesan Board of Education £200,000 (2023 - £268,380) - to support the Diocese through the mission of the Board of Education” — page 46
“Derby Cathedral £23,835 (2023 - £21,887) - in recognition of the place of the cathedral at the heart of the diocese” — page 46
Leadership, per the charity’s website
- The Venerable Matthew Trick — Dean of Guernsey
- Bishop Jackie — Acting Bishop of Derby
- Libby Lane — Bishop of Derby
- Malcolm Macnaughton — Bishop of Repton
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- BRIAN ARTHUR PARKER
- Canon Christine Mary Holmes-Elener
- Christine Elizabeth McMullen
- Emily Brailsford
- Emma Caroline Sykes
- FREDERICK JOHN GASCOYNE
- IVOR PATRICK ANTHONY LEIGH
- Jacqueline Ann Searle
- Louisa Jane Wass Griffiths
- MR J COOPER
- MR M J TITTERTON
- Madelaine Thomas-Goddard
- Peter Anthony Kelsey
- Rev Bryony Ruthellen Taylor
- Rev Daniel Benedict Cooke
- Rev Sarah Louise Watson
- Reverend Doctor James Thomas HUGHES
- THE RT REVD ELIZABETH JANE HOLDEN LANE
- The Honourable David Piers Carlis Legh
- The Reverend Doctor Jason David Ward
- The Reverend Doctor Nicola Mary McNally
- The Venerable Matthew Trick
- The Venerable Nicola Jane Fenton
- The Very Reverend Dr Peter Robinson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £10.2m | £10.5m |
| 31/12/2023 | £9.9m | £9.9m |
| 31/12/2022 | £9.7m | £9.7m |
| 31/12/2021 | £10.2m | £9.4m |
| 31/12/2020 | £9.9m | £8.9m |
Common questions
Is THE DERBY DIOCESAN BOARD OF FINANCE LIMITED financially healthy?
The accounts state that the charity reported an operational deficit of £495,137 for the year, though total funds increased by £2.9 million due to significant investment gains. The trustees note that free reserves of £4.83 million are held above the stated policy target of three months' budgeted unrestricted expenditure, providing a buffer against income uncertainty. Its FY2024 accounts were audited by BHP LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ARCHBISHOPS' COUNCIL | 1 | £6.5m |
| SIR JOHN PRIESTMAN CHARITY TRUST | 1 | £36k |
| CHARITY OF SIR RICHARD WHITTINGTON | 1 | £32k |
| NEWCASTLE DIOCESAN SOCIETY | 1 | £22k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREAT BADDOW, MEADGATE | 1 | £7k |