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SWANSEA AND BRECON DIOCESAN BOARD OF FINANCE

Registered charity 249810 · accounts filings on the Charity Commission register · also known as SWANSEA AND BRECON DBF

To support the Ministry and Mission of the Church in Wales, particularly in the Diocese of Swansea and Brecon, as carried out through its Bishop, Clergy and Laity.

Causes: Religious Activities · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£4.2m
Latest spending
£5.0m
Registered
1968
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total net assets decreased by 6.5% to £6,270,884, driven by a net unrestricted expenditure of £303,941 before investment gains. Per the trustees' report, unrestricted reserves of £5,168,665 remain materially above the stated policy target of nine months of operating expenditure, representing 13 months of expenditure. The charity relies on significant external funding from the Representative Body of the Church in Wales to support its activities and manage financial stability.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: more than £60,000 — below the median for charities its size (£70k)
“One employee earned more (excluding employer pension costs) than £60,000 for the year ended 31 December 2024 (2023: 1).” — page 32
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“One employee earned more (excluding employer pension costs) than £60,000 for the year ended 31 December 2024 (2023: 1).” — page 32
Per its FY2024 accounts as filed with the Charity Commission.
Largest income source: Ministry Share (63% of income)
“Total incoming resources of £4,211,138 (2023: £4,602,996) included £2,637,981 (2023: £2,602,768) collectable ministry share”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: at least 9 months of operating expenditure (held: £5.2m)
“The reserves policy requires funds equivalent to at least 9 months of operating expenditure should be held as reserve.” — page 9
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Swansea & Brecon Diocesan Trust Incorporated paid the Company £7,500 for administrative and accountancy services provided to the Trust.
“The Swansea & Brecon Diocesan Trust Incorporated paid the Company £7,500 (2023: £7,500) for administrative and accountancy services pravided to the Trust.” — page 41
“The Swansea & Brecon Diocesan Trust Incorporated contributed £34,075 (2023; £31,852) towards the Education costs incurred by the Company in the year.” — page 41
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Swansea & Brecon Diocesan Trust Incorporated contributed £34,075 towards Education costs incurred by the Company.
“The Swansea & Brecon Diocesan Trust Incorporated paid the Company £7,500 (2023: £7,500) for administrative and accountancy services pravided to the Trust.” — page 41
“The Swansea & Brecon Diocesan Trust Incorporated contributed £34,075 (2023; £31,852) towards the Education costs incurred by the Company in the year.” — page 41
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Eastmoor Trust Fund provided funding of £16,995 to contribute towards Resource Church Grants.
“The Swansea & Brecon Diocesan Trust Incorporated paid the Company £7,500 (2023: £7,500) for administrative and accountancy services pravided to the Trust.” — page 41
“The Swansea & Brecon Diocesan Trust Incorporated contributed £34,075 (2023; £31,852) towards the Education costs incurred by the Company in the year.” — page 41
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services. Discloses 6 of 6 completeness components.

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

Total income
£4.2m
Total spending
£5.0m
Cost of raising funds
£20k
Reserves (reported)
£5.2m
Employees
31

Reported reserves equal ~12.4 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (95% 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: 0.5% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

Operates in: Blaenau Gwent · City Of Swansea · Merthyr Tydfil · Monmouthshire · Neath Port Talbot · Powys · Rhondda Cynon Taff

Income and spending

Financial year endIncomeSpending
31/12/2024£4.2m£5.0m
31/12/2023£4.6m£4.3m
31/12/2022£3.6m£3.6m
31/12/2021£3.7m£3.6m
31/12/2020£3.8m£3.7m

Common questions

Is SWANSEA AND BRECON DIOCESAN BOARD OF FINANCE financially healthy?

Per its FY2024 accounts: The accounts state that total net assets decreased by 6.5% to £6,270,884, driven by a net unrestricted expenditure of £303,941 before investment gains. Per the trustees' report, unrestricted reserves of £5,168,665 remain materially above the stated policy target of nine months of operating expenditure, representing 13 months of expenditure. The charity relies on significant external funding from the Representative Body of the Church in Wales to support its activities and manage financial stability. Its FY2024 accounts were audited by Azets Audit Services.

What does the highest-paid employee of SWANSEA AND BRECON DIOCESAN BOARD OF FINANCE earn?

Per its FY2024 accounts, the highest-paid employee was in the more than £60,000 band, and 1 employees earned over £60,000.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund02/11/2020£1k"#15 - 1000 Years of Calm: A Heritage Landscape Trail at Brecon Cathedral"
The National Lottery Heritage Fund27/08/2002£38k"St Gabriel's Church - Organ Restoration"

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.

FunderSimilar charities fundedAmount to them
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE EVANGELIST, OLD COULSDON IN THE DIOCESE OF SOUTHWARK1£86k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JAMES WEST STREATHAM SOUTHWARK1£84k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MILDRED'S, ADDISCOMBE1£60k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CATFORD (SOUTHEND) AND DOWNHAM1£500
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT MARK, REIGATE1£20

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with BANGOR DIOCESAN BOARD OF FINANCE BWRDD CYLLID ESGOBAETH BANGOR.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
SWANSEA AND BRECON DIOCESAN BOARD OF FINANCE£4.2mmore than £60,0001above—no doubt
BANGOR DIOCESAN BOARD OF FINANCE BWRDD CYLLID ESGOBAETH BANGOR FY2024£4.2m——unclear—no doubt
THE BATH AND WELLS DIOCESAN BOARD OF FINANCE FY2024£17.0m——below—no doubt
ST DAVIDS DIOCESAN BOARD OF FINANCE FY2025£4.9m£60,001 - £85,0002unclear—no doubt
THE LLANDAFF DIOCESAN BOARD OF FINANCE FY2024£7.1m£70,001 - £80,0001above—no doubt
THE SALISBURY DIOCESAN BOARD OF FINANCE FY2024£13.9m——below—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.