THE BATH AND WELLS DIOCESAN BOARD OF FINANCE
Charity overview
Activities - how the charity spends its money
To promote and assist the work and purposes of the Church of England in the Diocese of Bath and Wells; to organise and provide funds in aid of the work and ministry of the church.
Income and expenditure
Data for financial year ending 31 December 2023
Total income:
£15,601,000
| Donations and legacies | £10.49m | |
| Charitable activities | £686.00k | |
| Other trading activities | £1.28m | |
| Investments | £1.19m | |
| Other | £1.96m |
Total expenditure:
£15,124,000
| Raising funds | £282.00k | |
| Charitable activities | £14.84m | |
| Other | £0 |
£1,632,000 investments gains (losses)
Charitable expenditure
Charitable expenditure with investment gains
Charitable expenditure
Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.
In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.
Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.
By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.
| Raising funds and other expenditure | £282.00k | |
| Charitable expenditure | £14.84m | |
| Retained for future use | £477.00k |
People
64 Employee(s)
26 Trustee(s)
293 Volunteer(s)
Employees with total benefits over £60,000
| Number of employees | |
|---|---|
| £60k to £70k | 1 |
| £70k to £80k | 2 |
Fundraising
Trading
Trustee payments
What, who, how, where
- Education/training
- Accommodation/housing
- Religious Activities
- Children/young People
- Elderly/old People
- People With Disabilities
- People Of A Particular Ethnic Or Racial Origin
- Other Charities Or Voluntary Bodies
- Other Defined Groups
- The General Public/mankind
- Makes Grants To Individuals
- Makes Grants To Organisations
- Provides Other Finance
- Provides Human Resources
- Provides Buildings/facilities/open Space
- Provides Services
- Provides Advocacy/advice/information
- Acts As An Umbrella Or Resource Body
- Bath And North East Somerset
- North Somerset
- Somerset
- Zambia
Governance
No other names
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service
26 Trustee(s)
| Name | Role | Date of appointment | Other trusteeships | Reporting status of other trusteeships | ||||||
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| Ann Kathleen Philcox | Trustee | 24 April 2025 |
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| Rev Craig Edward Philbrick | Trustee | 24 April 2025 |
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| Elizabeth Renshaw-Ames | Trustee | 01 January 2025 |
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| Kevin Lawrence | Trustee | 01 January 2025 |
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| Rev Rona Stuart-Bourne | Trustee | 01 January 2025 |
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| Michael Hodson | Trustee | 01 January 2025 |
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| Kathryn Louise Slader Tucker | Trustee | 01 January 2025 |
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| The Ven Charles Scott Peer | Trustee | 01 September 2024 |
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| The Very Reverend Toby Christopher Wright | Trustee | 16 June 2024 |
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| Hayden Lloyd Taylor | Trustee | 01 March 2024 |
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| Revd Preb Narinder Tegally | Trustee | 01 November 2022 |
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| Rt Revd Noel Michael Roy Beasley | Trustee | 23 September 2022 |
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| Morey Alisdair Christopher Andrews | Trustee | 01 January 2022 |
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| Robert Dean | Trustee | 01 January 2022 |
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| Rev Ann Elizabeth Fulton | Trustee | 01 January 2022 |
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| Rev Richard James Miles | Trustee | 01 January 2022 |
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| Tracey Jane Khodabandehloo | Trustee | 15 June 2021 |
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| Dr Robert Michael Sage | Trustee | 04 February 2019 |
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| Philip Charles Edge | Trustee | 01 January 2019 |
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| Dr Caroline Frances Mason | Trustee | 01 January 2019 |
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| Dr AXEL ANTHONY PALMER | Trustee | 01 August 2018 |
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| Marilyn Lee | Trustee | 01 August 2018 |
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| James Loring | Trustee | 22 March 2018 |
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| Rev ROGER DRIVER | Trustee | 29 September 2017 |
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| The Ven Anne Gell | Trustee | 28 May 2017 |
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| The Ven Simon Hill | Trustee | 01 October 2016 |
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Financial history
Financial period end date
| Income / Expenditure | 31/12/2019 | 31/12/2020 | 31/12/2021 | 31/12/2022 | 31/12/2023 | ||
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Total gross income | £14.29m | £13.71m | £12.13m | £15.29m | £15.60m | |
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Total expenditure | £14.50m | £15.91m | £15.58m | £15.16m | £15.12m | |
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Income from government contracts | N/A | N/A | N/A | N/A | N/A | |
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Income from government grants | N/A | N/A | N/A | N/A | N/A | |
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Income - Donations and legacies | £11.25m | £10.41m | £10.23m | £10.75m | £10.49m | |
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Income - Other trading activities | £338.00k | £447.00k | £458.00k | £797.00k | £1.28m | |
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Income - Charitable activities | £729.00k | £432.00k | £646.00k | £636.00k | £686.00k | |
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Income - Endowments | £0 | £0 | £0 | £0 | £0 | |
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Income - Investment | £1.42m | £1.11m | £298.00k | £975.00k | £1.19m | |
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Income - Other | £558.00k | £1.31m | £497.00k | £2.13m | £1.96m | |
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Income - Legacies | £0 | £0 | £0 | £0 | £0 | |
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Expenditure - Charitable activities | £14.18m | £15.20m | £14.95m | £14.91m | £14.84m | |
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Expenditure - Raising funds | £274.00k | £248.00k | £219.00k | £251.00k | £282.00k | |
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Expenditure - Governance | £42.00k | £31.00k | £29.00k | £26.00k | £44.00k | |
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Expenditure - Grants institution | £880.00k | £1.17m | £1.22m | £1.43m | £862.00k | |
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Expenditure - Investment management | £175.00k | £48.00k | £23.00k | £22.00k | £35.00k | |
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Expenditure - Other | £41.00k | £466.00k | £408.00k | £0 | £0 |
Assets and liabilities
Definitions for assets and liabilities
These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.
Long term InvestmentsInvestments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.
These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.
Defined benefit pension scheme asset or liabilityThis is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.
Total liabilitiesThese are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.
| Asset / Liability | 31/12/2019 | 31/12/2020 | 31/12/2021 | 31/12/2022 | 31/12/2023 | ||
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Own use assets | £67.17m | £67.20m | £67.45m | £66.67m | £66.26m | |
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Long-term investments | £43.37m | £41.94m | £44.20m | £41.70m | £38.36m | |
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Other assets | £5.75m | £4.76m | £5.23m | £6.11m | £6.91m | |
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Defined benefit pension scheme asset or liability | -£1.46m | -£907.00k | -£604.00k | £0 | £0 | |
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Total liabilities | £11.18m | £11.84m | £11.39m | £11.42m | £6.36m |
Accounts and annual returns
| Title | Reporting year | Date received | Received | Download |
|---|---|---|---|---|
| Annual return | 31 December 2023 | 14 October 2024 | On Time | |
| Accounts and TAR | 31 December 2023 | 14 October 2024 | On Time | Download Open in new window |
| Annual return | 31 December 2022 | 13 October 2023 | On Time | |
| Accounts and TAR | 31 December 2022 | 13 October 2023 | On Time | Download Open in new window |
| Annual return | 31 December 2021 | 07 October 2022 | On Time | |
| Accounts and TAR | 31 December 2021 | 07 October 2022 | On Time | Download Open in new window |
| Annual return | 31 December 2020 | 15 October 2021 | On Time | |
| Accounts and TAR | 31 December 2020 | 15 October 2021 | On Time | Download Open in new window |
| Annual return | 31 December 2019 | 05 October 2020 | On Time | |
| Accounts and TAR | 31 December 2019 | 05 October 2020 | On Time | Download Open in new window |