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THE GLOUCESTER DIOCESAN BOARD OF FINANCE

Registered charity 251234 · accounts filings on the Charity Commission register · also known as THE GLOUCESTER DIOCESAN BOARD OF FINANCE LIMITED

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Latest income
£24.8m
Latest spending
£15.5m
Registered
1967
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported an operating deficit of £5.481 million for the year ended 31 December 2024, driven by parish ministry costs outpacing parish share income. However, the total net assets increased to £115.857 million, primarily due to significant realised gains from the sale of property and investments. The trustees confirm the charity is well-placed to manage risks and continue as a going concern, supported by substantial aggregate reserves and cash balances.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“Although the free reserves are below the target level, funds are held in investments which can be liquidated to ensure the GDBF holds sufficient funds to follow the requirements of the policy.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mrs K Stacey, wife of trustee Reverend Graham Stacey, is an employee who received £14k.
“Mrs K Stacey, the wife of trustee, Reverend Graham Stacey, is an employee of Gloucester Diocesan Board of Finance. From the date of his appointment, she received £14k by virtue of her employment.” — page 55
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP. Discloses 4 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
£24.8m
Total spending
£15.5m
Cost of raising funds
£179k
Reserves (reported)
£4.3m
Employees
61

Reported reserves equal ~3.3 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: Bath And North East Somerset · Bristol City · Gloucestershire · Herefordshire · North Somerset · South Gloucestershire · Worcestershire

Income and spending

Financial year endIncomeSpending
31/12/2024£24.8m£15.5m
31/12/2023£10.7m£13.4m
31/12/2022£11.4m£12.9m
31/12/2021£12.1m£12.2m
31/12/2020£10.9m£11.8m

Common questions

Is THE GLOUCESTER DIOCESAN BOARD OF FINANCE financially healthy?

The accounts state that the charity reported an operating deficit of £5.481 million for the year ended 31 December 2024, driven by parish ministry costs outpacing parish share income. However, the total net assets increased to £115.857 million, primarily due to significant realised gains from the sale of property and investments. The trustees confirm the charity is well-placed to manage risks and continue as a going concern, supported by substantial aggregate reserves and cash balances. Its FY2024 accounts were audited by HaysMac LLP.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund29/03/2001£90k"Diocese of Gloucester Probate Archives - Microfilming"