THE DIOCESE OF ELY RELIGIOUS EDUCATIONAL TRUST
Managing investments and utilising investment income to support religious activities throughout the Diocese of Ely.
Objects
THE OBJECTS OF THE CHARITY ARE TO ADVANCE RELIGIOUS EDUCATION FOR THE BENEFIT OF THEPUBLIC BY:(A) PROVIDING FINANCIAL ASSISTANCE TO ENABLE ANY PERSON RESIDENT IN THE DIOCESE OF ELYTO ATTEND A COURSE OF INSTRUCTION, MEETING, LECTURE OR SIMILAR EVENT DESIGNED TOPROMOTE RELIGIOUS EDUCATION;(B) PROVIDING FINANCIAL ASSISTANCE FOR CANDIDATES FOR ORDINATION AS PRIESTS, DEACONS ORDEACONESSES OF THE CHURCH OF ENGLAND TO ENABLE THEM TO PURSUE A COURSE OFEDUCATION AND TRAINING APPROVED BY THE GOVERNORS;(C) ANY OTHER ACTIVITIES PROMOTING RELIGIOUS EDUCATION IN THE DIOCESE OF ELY AS THETRUSTEES SEE FIT.
Financial health, per its FY2024 accounts
The accounts state that the charity recorded a surplus for the year and maintains unrestricted funds of £1,303,949, which exceeds its stated reserves policy target of £1.277m invested in fixed assets. The trustees confirm the charity remains a going concern with adequate resources to continue operations.
What the accounts disclose
“A grant of £65,000 was made to the Ely Diocesan Education Committee which is part of the Ely Diocesan Board of Finance.” — page 12
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
Trustees
- Jon Young
- The Revd Canon Thomas Oliver Buchanan
- The Ven Dr Alexander James Hughes
- The Venerable HUGH KYLE MCCURDY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £85k | £79k |
| 31/12/2023 | £74k | £77k |
| 31/12/2022 | £12k | £19k |
| 31/12/2021 | £11k | £19k |
| 31/12/2020 | £11k | £12k |
Common questions
Is THE DIOCESE OF ELY RELIGIOUS EDUCATIONAL TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity recorded a surplus for the year and maintains unrestricted funds of £1,303,949, which exceeds its stated reserves policy target of £1.277m invested in fixed assets. The trustees confirm the charity remains a going concern with adequate resources to continue operations. Its FY2024 accounts were independently examined.