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
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net operating deficit of £2.0m for the year ended 31 December 2024, following a deficit of £2.0m in the prior year. The trustees note that the charity has substantial reserves, with unrestricted and undesignated reserves amounting to £6.4m, which they consider sufficient to meet the budgeted deficit and cover short-term liabilities despite the underlying financial challenges.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: 25% to 30% of annual budgeted expenditure (held: £6.4m)
“EDBF aims for an ongoing level of unrestricted reserves of 25% to 30% of annual budgeted expenditure, in order to cover items a) to c), above.” — page 25
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The wife of Giles Frampton (the Chair of the Board of Finance) is a stipendiary minister leading one of our Mission Communities. Ruth Frampton received a stipend of £5,043 in 2024 (2023: £nil) and a parsonage house provided by EDBF for this role, with any expenses incurred being paid by the Mission Community.
“The wife of Giles Frampton (the Chair of the Board of Finance) is a stipendiary minister leading one of our Mission Communities. Ruth Frampton received a stipend of £5,043 in 2024 (2023: £nil) and a parsonage house provided by EDBF for this role, with any expenses incurred being paid by the Mission Community.” — page 86
“The wife of the Venerable Andrew Beane has been employed to provide additional support as his Personal Assistant. Catherine Beane received £2,660 for the provision of this service (2023: £2,625 to provide consultancy services for social media on the Growing the Rural Church project).” — page 86
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The wife of the Venerable Andrew Beane has been employed to provide additional support as his Personal Assistant. Catherine Beane received £2,660 for the provision of this service (2023: £2,625 to provide consultancy services for social media on the Growing the Rural Church project).
“The wife of Giles Frampton (the Chair of the Board of Finance) is a stipendiary minister leading one of our Mission Communities. Ruth Frampton received a stipend of £5,043 in 2024 (2023: £nil) and a parsonage house provided by EDBF for this role, with any expenses incurred being paid by the Mission Community.” — page 86
“The wife of the Venerable Andrew Beane has been employed to provide additional support as his Personal Assistant. Catherine Beane received £2,660 for the provision of this service (2023: £2,625 to provide consultancy services for social media on the Growing the Rural Church project).” — page 86
Per its FY2024 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 88
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by Bishop Fleming LLP. Discloses 4 of 6 completeness components.
Leadership, per the charity’s website
- Rt. Rev’d Dr Mike Harrison — Bishop of Exeter (source)
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.
Property (HM Land Registry)
671 registered titles in England and Wales held by the charity’s company or corporate body (655 freehold); recorded price paid £11.2m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 31/12/2025)
Cost of raising funds
£283k
Reported reserves equal ~4.3 months of spending — below the median for charities its size (median 4.6 months; benchmarks).
Per its annual return, largest income source: Donations and legacies (69% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 1.7% of total income — below the median for charities its size (3.8%) (benchmarks).
Register events
- Received assets from another charity (31/12/2019) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Trustee list from the Charity Commission register (current, not historical).
Operates in: Devon · Plymouth City · Torbay
Income and spending
Common questions
Is THE EXETER DIOCESAN BOARD OF FINANCE financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net operating deficit of £2.0m for the year ended 31 December 2024, following a deficit of £2.0m in the prior year. The trustees note that the charity has substantial reserves, with unrestricted and undesignated reserves amounting to £6.4m, which they consider sufficient to meet the budgeted deficit and cover short-term liabilities despite the underlying financial challenges. Its FY2024 accounts were audited by Bishop Fleming LLP.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
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.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with THE DURHAM DIOCESAN BOARD OF FINANCE.
Side by side with its peers
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