THE EXETER DIOCESAN BOARD OF FINANCE

Registered charity 249798 · accounts filings on the Charity Commission register · also known as EDBF

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.

Causes: Religious Activities · website · Get email alerts

Latest income
£16.8m
Latest spending
£17.7m
Registered
1967
Accounts read
FY2021

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.

Automated summary of the FY2021 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Related-party transaction: Housing provision
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
Per its FY2021 accounts as filed with the Charity Commission.
Trading subsidiary: EDPS Limited
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
Per its FY2021 accounts as filed with the Charity Commission.

Accounts audited by Bishop Fleming LLP. Discloses 3 of 6 completeness components.

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.

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

Total income
£16.8m
Total spending
£17.7m
Cost of raising funds
£257k
Reserves (reported)
£6.4m
Employees
68

Reported reserves equal ~4.3 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Register events

Trustees

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

Operates in: Devon · Plymouth City · Torbay

Income and spending

Financial year endIncomeSpending
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

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

FunderDateAmountPurpose
The National Lottery Heritage Fund07/05/2014£4k"We will remember - The Mystery of the Unnamed Twitchen WW1 soldiers"