CHESTER DIOCESAN BOARD OF EDUCATION
Support Church of England Schools in the Diocese of Chester
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £280,301 for the year ended 31 December 2024, contrasting with a surplus in the prior year. However, the trustees confirm that free unrestricted reserves of £1,951,577 are adequate to meet the stated policy target of holding twenty-four months of unrestricted expenditure, and the financial statements are prepared on a going concern basis.
What the accounts disclose
“Of these, the highest paid was Mr Christopher Penn who received £81,040 (2023 - £74,985) excluding employers national insurance, together with pension contributions of £12,008 (2023 - £11,248).” — page 37
“Of these, the highest paid was Mr Christopher Penn who received £81,040 (2023 - £74,985) excluding employers national insurance, together with pension contributions of £12,008 (2023 - £11,248).” — page 37
“Income from investments 5 168,725 - 313,006 481,731 143,972 - 311,040 455,012” — page 27
“The boards policy is to hold a minimum of twenty four months unrestricted expenditure within its unrestricted reserves, and the boards reserves adequately cover this.” — page 12
“Contribution re joint employment contracts and other recharges payable to The Chester Diocesan Board of Finance, an organisation in which there are a number of trustees on both boards totalled £377,839 (2023 - £373,677). The balance outstanding in creditors at the year end is £19,681 (2023 - £117). The charity owns 16.67% of the ordinary share capital of DBE Services Ltd, an entity which commenced trading on 1st January 2006. The company undertakes support work across six northern dioceses. A distribution of £16,769 (2023 - £94,190} was received from DBE Services Ltd during the year.” — page 46
“The charity owns 16.67% of the ordinary share capital of DBE Services Ltd, an entity which commenced trading on 1st January 2006. The company undertakes support work across six northern dioceses. A distribution of £16,769 (2023 - £94,190} was received from DBE Services Ltd during the year.” — page 46
“Contribution re joint employment contracts and other recharges payable to The Chester Diocesan Board of Finance, an organisation in which there are a number of trustees on both boards totalled £377,839 (2023 - £373,677). The balance outstanding in creditors at the year end is £19,681 (2023 - £117). The charity owns 16.67% of the ordinary share capital of DBE Services Ltd, an entity which commenced trading on 1st January 2006. The company undertakes support work across six northern dioceses. A distribution of £16,769 (2023 - £94,190} was received from DBE Services Ltd during the year.” — page 46
“The charity owns 16.67% of the ordinary share capital of DBE Services Ltd, an entity which commenced trading on 1st January 2006. The company undertakes support work across six northern dioceses. A distribution of £16,769 (2023 - £94,190} was received from DBE Services Ltd during the year.” — page 46
“Contribution re joint employment contracts and other recharges payable to The Chester Diocesan Board of Finance, an organisation in which there are a number of trustees on both boards totalled £377,839 (2023 - £373,677). The balance outstanding in creditors at the year end is £19,681 (2023 - £117). The charity owns 16.67% of the ordinary share capital of DBE Services Ltd, an entity which commenced trading on 1st January 2006. The company undertakes support work across six northern dioceses. A distribution of £16,769 (2023 - £94,190} was received from DBE Services Ltd during the year.” — page 46
“The charity owns 16.67% of the ordinary share capital of DBE Services Ltd, an entity which commenced trading on 1st January 2006. The company undertakes support work across six northern dioceses. A distribution of £16,769 (2023 - £94,190} was received from DBE Services Ltd during the year.” — page 46
“The charity owns 16.67% of the ordinary share capital of DBE Services Ltd, an entity which commenced trading on 1st January 2006. The company undertakes support work across six northern dioceses.” — page 46
Year-over-year changes
- Top pay band moved from £74,985 (FY2023) to £81,040 (FY2024).
Leadership, per the charity’s website
- Chris Penn — Diocesan Director of Education
- Sue Noakes — Deputy Director of Education
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Catherine Speed
- Claire Corley
- David Cumberland
- David Hermitt
- Dr Christopher Gordon
- Dr Darren Paul Walter
- Dr Elaine Hemmings
- Ian Gould-Jones
- Janine Arnott
- Margaret Eileen Cruxton
- Paul Gibbons
- Piers Bostock
- Sharon Hudson
- Ven Dr Michael Gilbertson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.4m | £2.7m |
| 31/12/2023 | £2.6m | £1.9m |
| 31/12/2022 | £2.5m | £2.4m |
| 31/12/2021 | £2.3m | £2.3m |
| 31/12/2020 | £1.1m | £456k |
Common questions
Is CHESTER DIOCESAN BOARD OF EDUCATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £280,301 for the year ended 31 December 2024, contrasting with a surplus in the prior year. However, the trustees confirm that free unrestricted reserves of £1,951,577 are adequate to meet the stated policy target of holding twenty-four months of unrestricted expenditure, and the financial statements are prepared on a going concern basis. Its FY2024 accounts were audited by Mitchell Charlesworth (Audit) Limited.
What does the highest-paid employee of CHESTER DIOCESAN BOARD OF EDUCATION earn?
Per its FY2024 accounts, the highest-paid employee was in the £81,040 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE DERBY DIOCESAN BOARD OF FINANCE LIMITED | 1 | £1.3m |
| THE COVENTRY DIOCESAN BOARD OF FINANCE LTD | 1 | £328k |
| FIRST IPC PRESBYTERY OF THE UNITED KINGDOM | 1 | £119k |
| GOSPEL PARTNERS TRUST | 1 | £11k |
| CULHAM ST GABRIEL'S TRUST | 1 | £5k |
| THE SOLA TRUST | 1 | £3k |
| CHURCH BY THE BAY, MORECAMBE | 1 | £0 |
Charities like this
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHESTER, CHRIST CHURCH
- DERBY DIOCESAN BOARD OF EDUCATION
- INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION
- COVENTRY DIOCESAN BOARD OF EDUCATION
- TRINITY CHURCH CHESTER
- PORTSMOUTH DIOCESAN BOARD OF FINANCE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CHESTER DIOCESAN BOARD OF EDUCATION | £2.4m | £81,040 | 1 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHESTER, CHRIST CHURCH | £114k | — | 0 | unclear | — | no doubt |
| DERBY DIOCESAN BOARD OF EDUCATION | £445k | — | — | unclear | — | no doubt |
| INCORPORATED ROCHESTER DIOCESAN BOARD OF EDUCATION | £1.7m | — | — | unclear | — | no doubt |
| COVENTRY DIOCESAN BOARD OF EDUCATION | £491k | — | 0 | within | — | no doubt |
| TRINITY CHURCH CHESTER | £116k | — | 0 | above | — | no doubt |