SWANSEA AND BRECON DIOCESAN BOARD OF FINANCE
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, providing a buffer against challenging financial conditions.
What the accounts disclose
“One employee earned more (excluding employer pension costs) than £60,000 for the year ended 31 December 2024” — page 32
“One employee earned more (excluding employer pension costs) than £60,000 for the year ended 31 December 2024” — page 32
“The reserves policy requires funds equivalent to at least 9 months of operating expenditure should be held as reserve.” — page 9
“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
“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
“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
Year-over-year changes
- Employees paid over £60,000: 0 (FY2022) → 1 (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Bishop John Derrick Lomas
- MR GWYN LEWIS
- THE VENERABLE ALAN NEIL JEVONS
- THE VENERABLE JONATHAN BYRON DAVIES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
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, providing a buffer against challenging financial conditions. 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 £60,001 - £70,000 band, and 1 employees earned over £60,000.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 02/11/2020 | £1k | "#15 - 1000 Years of Calm: A Heritage Landscape Trail at Brecon Cathedral" |
| The National Lottery Heritage Fund | 27/08/2002 | £38k | "St Gabriel's Church - Organ Restoration" |