Charity Accounts Intelreading the accounts so you don’t have to

THE PETERBOROUGH DIOCESAN BOARD OF FINANCE

Registered charity 250569 · accounts filings on the Charity Commission register

Latest income
£10.0m
Latest spending
£11.5m
Registered
1966
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £1,557,447 for the year ended 31 December 2024, following a budgeted deficit of £1,746,081. Per the trustees' report, unrestricted reserves fell to £1,478,196, which is below the stated policy target of £1,866,437 (60 days of annual expenditure). The trustees acknowledge the deficit and note that achieving a balanced budget remains a strategic aim while managing rising costs and parish share challenges.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“At 31 December 2024, the level of funds which are unrestricted, undesignated and not held as fixed assets totalled £1,478,196. This equates to approximately 48 days of annual expenditure (2023 - 106 days).” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: PDBF provides financial support to the PDBE by way of an annual grant and also accounting and payroll services at no cost to the PDBE. Trustees Richard Ormston and Katrina Hutchins are trustees of both PDBF and PDBE.
“The Venerable Richard Ormston and The Revd Katrina Hutchins are trustees of the PDBF and also the Peterborough Diocesan Board of Education (PDBE). The PDBF provides financial support to the PDBE by way of an annual grant and also accounting and payroll services at no cost to the PDBE.” — page 53
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Price Bailey LLP.

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
£10.0m
Total spending
£11.5m
Cost of raising funds
£667k
Reserves (reported)
£1.5m
Employees
169

Reported reserves equal ~1.6 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Cambridgeshire · Leicestershire · Northamptonshire · Oxfordshire · Peterborough City

Income and spending

Financial year endIncomeSpending
31/12/2024£10.0m£11.5m
31/12/2023£9.6m£10.1m
31/12/2022£10.7m£10.2m
31/12/2021£10.2m£10.4m
31/12/2020£9.8m£9.8m

Common questions

Is THE PETERBOROUGH DIOCESAN BOARD OF FINANCE financially healthy?

The accounts state that the charity reported a net deficit of £1,557,447 for the year ended 31 December 2024, following a budgeted deficit of £1,746,081. Per the trustees' report, unrestricted reserves fell to £1,478,196, which is below the stated policy target of £1,866,437 (60 days of annual expenditure). The trustees acknowledge the deficit and note that achieving a balanced budget remains a strategic aim while managing rising costs and parish share challenges. Its FY2024 accounts were audited by Price Bailey LLP.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund19/06/2013£43k"Restoration of the organ at St Mary the Virgin, Finedon"

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