MANCHESTER DIOCESAN BOARD OF EDUCATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £244,245 for the year ended 31 December 2024, with total reserves increasing to £7.56 million. The trustees confirm that unrestricted reserves of £775,400 are held, which equates to just under twelve months of expenditure, satisfying their policy to maintain at least three months' revenue commitment as a working reserve.
What the accounts disclose
“There was 1 employee with total emoluments above £60,000 in 2024 (2023: 1 employee).” — page 44
“There was 1 employee with total emoluments above £60,000 in 2024 (2023: 1 employee).” — page 44
“The MDBE has a policy to maintain at least three months’ revenue commitment as a working reserve.”
“For the year ended 31 December 2024, the Manchester Board of Finance (“MDBF”) made a budget transfer to the MDBE of £140,000 (2023: £140,000), representing the Synod funding of non-schools work of the Board of Education.” — page 46
“Dividend income from the Stelfox Trust of £25,547 (2023: £25,045 was also paid to the MDBE via the MDBF.” — page 46
“For the year ended 31 December 2024, the Manchester Board of Finance (“MDBF”) made a budget transfer to the MDBE of £140,000 (2023: £140,000), representing the Synod funding of non-schools work of the Board of Education.” — page 46
“Dividend income from the Stelfox Trust of £25,547 (2023: £25,045 was also paid to the MDBE via the MDBF.” — page 46
“For the year ended 31 December 2024, the Manchester Board of Finance (“MDBF”) made a budget transfer to the MDBE of £140,000 (2023: £140,000), representing the Synod funding of non-schools work of the Board of Education.” — page 46
“Dividend income from the Stelfox Trust of £25,547 (2023: £25,045 was also paid to the MDBE via the MDBF.” — page 46
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- The Right Reverend Mark Davieschair
- Canon Jill Pilling
- Dr ADANNA LAZZ-ONYENOBI
- Dr Tuesday Humby
- Gareth Frank Elswood
- Karen Luise Sudworth
- Kathryn Margaret Hampson
- Louise Wrench
- Rev DAVID STUART WALKER
- Rev Karen Hopwood-Owen
- Rev Katherine Adele McKie
- Rev Kirsty Hayley Screeton
- Rev Paul Hutchins
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £804k | £702k |
| 31/12/2023 | £785k | £693k |
| 31/12/2022 | £810k | £823k |
| 31/12/2021 | £1.1m | £693k |
| 31/12/2020 | £671k | £703k |
Common questions
Is MANCHESTER DIOCESAN BOARD OF EDUCATION financially healthy?
The accounts state that the charity reported a net surplus of £244,245 for the year ended 31 December 2024, with total reserves increasing to £7.56 million. The trustees confirm that unrestricted reserves of £775,400 are held, which equates to just under twelve months of expenditure, satisfying their policy to maintain at least three months' revenue commitment as a working reserve. Its FY2024 accounts were audited by HaysMac LLP.
What does the highest-paid employee of MANCHESTER DIOCESAN BOARD OF EDUCATION earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 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 | £796k |
| THE SALISBURY DIOCESAN BOARD OF FINANCE | 1 | £337k |
| THE LONDON DIOCESAN FUND | 1 | £171k |
| SARUM ST MICHAEL EDUCATIONAL CHARITY | 1 | £136k |
| CULHAM ST GABRIEL'S TRUST | 1 | £5k |
| THE WHITECHAPEL EDUCATIONAL FOUNDATION | 1 | £250 |