THE EXETER DIOCESAN BOARD OF FINANCE
The Board acts as financial executive of the Diocesan Synod to promote the activities of the Church of England in the Diocese of Exeter. The Board also acts as Custodian Trustee for parochial, educational and other trusts within the Diocese.
Financial health, per its FY2021 accounts
The accounts state that total unrestricted reserves stood at £9.8 million, which is significantly higher than the charity's stated policy target of 25% to 30% of annual budgeted expenditure. The trustees consider the current level of reserves prudent given economic uncertainty, and the independent auditors confirmed there are no material uncertainties related to going concern.
What the accounts disclose
“The wife of Giles Frampton (the Chair of the Board of Finance) is a Self-Supporting Minister (unpaid) leading one of our Mission Communities. A parsonage house is provided by EDBF for this role” — page 75
“The wholly owned trading subsidiary, EDPS Limited, which is incorporated in the United Kingdom (Registered Company No. 4477446), provides services to Church of England academies and schools.” — page 77
Leadership, per the charity’s website
- Rt. Rev’d Dr Mike Harrison — Bishop of Exeter
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (31/12/2019)
Trustees
- GILES RICHARD FRAMPTONchair
- CLARE WINIFRED LILLINGTON
- David Nigel Price
- Dr Jenefer Golding
- Dr Lystra Hagley-Dickinson
- Graham Edward Dunn
- Laura Ford
- MICHAEL STUART JEFFERIES
- Nicholas Alexander Courtman
- ROBERT JOHN MILLS
- Rev Andrew Nigel Thomas
- Rev Benjamin James Williams
- Rev Deborah Jane Angela Leighton Plom
- Rev Jane Judith Bakker
- Rev MICHAEL JOHN PARTRIDGE
- Rev Peter John March
- Rev Rosemary Elizabeth Austin
- Rev Tanya Hockley-Still
- Richard Oliver Buzzacott
- Rt Revd James Emerson Grier
- Rt Reverend Moira Anne Elizabeth Astin
- STEPHEN ANTHONY GEORGE MACEY
- Sian Mary Walker-McAllister
- THE VENERABLE DOUGLAS JAMES DETTMER
- The Rt Revd Dr Michael Robert Harrison
- The Venerable Andrew Mark Beane
- The Venerable Verena Breed
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £16.8m | £17.7m |
| 31/12/2023 | £17.2m | £17.5m |
| 31/12/2022 | £17.8m | £16.6m |
| 31/12/2021 | £15.7m | £14.1m |
| 31/12/2020 | £16.5m | £14.3m |
Common questions
Is THE EXETER DIOCESAN BOARD OF FINANCE financially healthy?
Per its FY2021 accounts: The accounts state that total unrestricted reserves stood at £9.8 million, which is significantly higher than the charity's stated policy target of 25% to 30% of annual budgeted expenditure. The trustees consider the current level of reserves prudent given economic uncertainty, and the independent auditors confirmed there are no material uncertainties related to going concern. Its FY2021 accounts were audited by Bishop Fleming LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 07/05/2014 | £4k | "We will remember - The Mystery of the Unnamed Twitchen WW1 soldiers" |