DIOCESAN TRUSTEES (OXFORD) LTD
TO PROMOTE AND ASSIST THE WORK AND OBJECTS OF THE CHURCH OF ENGLAND FOR THE ADVANCEMENT OF THE CHRISTIAN RELIGION. (FOR FURTHER DETAILS SEE MEMORANDUM AND ARTICLES)
Financial health, per its FY2024 accounts
The accounts state that the charity acts principally as a trustee with no general funds of its own, meaning no free reserves are maintained to sustain the charity as administration costs are borne by a related board. The charity has no employees and holds no defined-benefit pension obligations, with its remaining net assets consisting entirely of restricted and endowment funds.
What the accounts disclose
“As the Charity acts principally as a trustee with no general funds of its own, and as ODBF bears the cost of administration as detailed in note 16 to the financial statements, no free reserves need to be maintained to sustain the Charity.” — page 6
“Administration is carried out by ODBF free of charge. The receipt of this service is classified by the SORP as a gift in kind valued at £45k (2023: £74k) (see Note 2). The cost is included in charitable activities (Note 5). Included in these administrative costs are staff costs of £16k (2023: £27k). There are some investment management costs that are incurred by ODBF, but they are not material and have not been separately analysed in the Statement of Financial Activities.” — page 34
“On 1 January 2024 following Charity Commission approval, the trusteeship of the CSUST, Woolhampton and Tackley funds (£12,015k), were transferred from DT(O)L to Oxford Diocesan Board of Education (ODBE). These funds included investments and cash.” — page 25
“Administration is carried out by ODBF free of charge. The receipt of this service is classified by the SORP as a gift in kind valued at £45k (2023: £74k) (see Note 2). The cost is included in charitable activities (Note 5). Included in these administrative costs are staff costs of £16k (2023: £27k). There are some investment management costs that are incurred by ODBF, but they are not material and have not been separately analysed in the Statement of Financial Activities.” — page 34
“On 1 January 2024 following Charity Commission approval, the trusteeship of the CSUST, Woolhampton and Tackley funds (£12,015k), were transferred from DT(O)L to Oxford Diocesan Board of Education (ODBE). These funds included investments and cash.” — page 25
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Alison Kirk
- Anne Elizabeth Gordon Casson
- Canon Julie Patricia Dziegiel
- Dr Gillian Hamnett
- HUGH DAVID REES
- John Neil Sykes
- Kathryn Mary Winrow
- MARK NICHOLAS BURTON
- Maureen Elizabeth Jane Underdown
- Millius Palayiwa
- Rev Serena Parevash Tajima
- Richard Gavin Merrylees
- Rt Rev Mary Emma Gregory
- Sir Hector William Hepburn Sants
- Susan Frances Scott
- The Revd Canon Ainsley Laird Swift
- The Revd Canon Catherine Butt
- The Revd Canon Janet Victoria Binns
- The Revd James Dwyer
- The Revd Michael Smith
- The Revd Peter Wright
- The Right Revd Gavin Andrew Collins
- The Rt Revd David Thomas Bull
- The Venerable Cassandra Margaret Burdette Messervy
- The Venerable David Stuart Tyler
- The Venerable Jonathan Paul Michael Chaffey
- The Venerable Stephen James Pullin
- The Very Revd Professor Sarah Rosamund Irvine Foot
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £50k | £11.6m |
| 31/12/2023 | £802k | £543k |
| 31/12/2022 | £432k | £591k |
| 31/12/2021 | £523k | £687k |
| 31/12/2020 | £697k | £730k |
Common questions
Is DIOCESAN TRUSTEES (OXFORD) LTD financially healthy?
Per its FY2024 accounts: The accounts state that the charity acts principally as a trustee with no general funds of its own, meaning no free reserves are maintained to sustain the charity as administration costs are borne by a related board. The charity has no employees and holds no defined-benefit pension obligations, with its remaining net assets consisting entirely of restricted and endowment funds. Its FY2024 accounts were audited by Buzzacott Audit LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 21/09/2016 | £290k | "Vital tower repairs to Grade 1 listed building" |