THE ELY DIOCESAN BOARD OF FINANCE

Charity number: 245456
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

To promote, facilitate and assist with the work and purposes of the Church of England, for the advancement of the Christian faith in the Diocese of Ely and elsewhere.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£10,928,000

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Donations and legacies £6.82m
Charitable activities £295.00k
Other trading activities £254.00k
Investments £3.35m
Other £207.00k

Total expenditure:
£11,994,000

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Raising funds £610.00k
Charitable activities £11.38m
Other £0

£11,758,000 investments gains (losses)

Charitable expenditure

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.

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Raising funds and other expenditure £610.00k
Charitable expenditure £11.38m

People

38 Employee(s)

28 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 4
£80k to £90k 1
£200k to £250k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Religious Activities
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
Where the charity operates:
  • Cambridgeshire
  • Norfolk

Governance

Registration history:
  • 03 November 1965: Standard registration
  • 25 January 2017: Funds received from 206734 THE ANN HORSFORD CHARITY (ANN COOPER)
  • 17 January 2022: Funds received from 1156825 CENTRE FOR PIONEER LEARNING
  • 11 May 2023: Funds received from 1036946 RAINBOW PLAYCENTRE
Organisation type:
Charitable company
Other names:

No other names

Company number:
00142183 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • 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
Land and property:
This charity owns and/or leases land or property

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

28 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Rev Philip Michael Howson Trustee 01 January 2025
THE KIMBOLTON TRUST 1986
Received: On time
CATWORTH RELIEF IN NEED CHARITY
Received: On time
Rev Dr Elizabeth Ruth Cope Trustee 01 January 2025
NORTHSTOWE CHURCH NETWORK
Recently registered
NORTHSTOWE YOUTH HIVE
Recently registered
Rev Natalie Janis Andrews Trustee 01 January 2025
None on record
Christopher Jeffrey Jonathan Smith Trustee 01 January 2025
None on record
Rev Daniel John Driver Trustee 01 January 2025
None on record
Christopher Denis Anton Falvey Trustee 01 January 2025
None on record
Dr Jonathan Paul Chaplin Trustee 01 January 2025
None on record
Felicity Ann Watson Trustee 01 January 2025
None on record
Lindsay Jane Davies Trustee 23 November 2022
None on record
Rev Richard Harlow Trustee 25 September 2022
OREM'S DENTON EDUCATIONAL FOUNDATION
Received: On time
John Pigott Trustee 23 March 2022
None on record
Rev Canon Robert Mackley Trustee 01 January 2022
None on record
Canon Dr. MARY FELICITY COOKE Trustee 01 January 2022
None on record
Christopher John Townsend Trustee 01 January 2022
CAMBRIDGE PAPERS LIMITED
Recently registered
Rev NEIL JAMES BLANDFORD-BAKER Trustee 01 January 2022
Histon and Impington Town Charity
Received: On time
HISTON AND IMPINGTON TOWN CHARITY
Recently registered
GROVE BOOKS LIMITED
Received: On time
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANDREW WITH ST ETHELDREDA, HISTON
Received: On time
Rev Sarah Catherine Gower Trustee 01 January 2022
THE PETERBOROUGH CIRCUIT OF THE METHODIST CHURCH
Received: On time
ORTON WATERVILLE UNITED CHARITIES
Received: On time
Reverend Canon Rebecca Mary Dyball Trustee 01 January 2022
None on record
The Rt. Revd Dagmar Winter Trustee 15 September 2019
CHARITY FOR THE RELIEF OF POOR WIDOWS AND CHILDREN OF CLERGYMEN (HUNTS CLERGY CHARITY)
Received: On time
POOR VICAR'S CHARITY
Received: On time
Canon Francis William Miles Burkitt Trustee 25 January 2019
THE CATHEDRAL CHURCH OF THE HOLY AND UNDIVIDED TRINITY OF ELY
Received: On time
PREP SCHOOLS TRUST
Received: On time
George Lynn Trustee 25 January 2019
BASSINGBOURN VILLAGE COLLEGE PARENTS & FRIENDS ASSOCIATION
Received: On time
Elizabeth Lawes Taylor Trustee 01 January 2019
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANDREW, STAPLEFORD
Received: On time
Sarah Margaret Robinson Trustee 01 January 2019
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY SEPULCHRE CAMBRIDGE
Received: On time
Elain Margaret Levitt Trustee 01 January 2019
None on record
Dr Alex Hughes Trustee 14 September 2014
THE ARBORY TRUST
Received: On time
COLBATCH AND HOOPER'S EDUCATIONAL FOUNDATION
Received: On time
Tim Walters Trustee 22 October 2013
THE CROYDON READING ROOM
Received: On time
THE VERY REVEREND MARK PHILIP JOHN BONNEY Trustee 18 October 2013
THE CAMBRIDGESHIRE REGIMENT CHAPEL TRUST FUND
Received: On time
THE KING'S SCHOOL, ELY
Received: On time
THE FRIENDS OF ELY CATHEDRAL CIO
Received: On time
SIMON KERSHAW Trustee
THE SOCIETY OF THE FRIENDS OF LITTLE GIDDING
Received: On time
Janet Rosemary Perrett Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £11.33m £10.29m £10.57m £12.42m £10.93m
Total expenditure £11.39m £10.75m £10.83m £11.10m £11.99m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A £43.00k N/A N/A N/A
Income - Donations and legacies £6.91m £7.04m £6.71m £6.78m £6.82m
Income - Other trading activities £275.00k £0 £298.00k £0 £254.00k
Income - Charitable activities £628.00k £394.00k £406.00k £423.00k £295.00k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £3.04m £2.59m £3.16m £3.10m £3.35m
Income - Other £470.00k £273.00k £1.00k £2.11m £207.00k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £10.90m £10.48m £8.89m £10.74m £11.38m
Expenditure - Raising funds £493.00k £269.00k £1.94m £355.00k £610.00k
Expenditure - Governance £115.00k £115.00k £20.00k £0 £277.00k
Expenditure - Grants institution £593.00k £673.00k £907.00k £586.00k £629.00k
Expenditure - Investment management £216.00k £185.00k £1.76m £101.00k £303.00k
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

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 Investments

Investments 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.

Other assets

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 liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These 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.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £87.71m £92.48m £101.00m £99.18m £105.90m
Long-term investments £64.66m £72.14m £84.54m £81.16m £87.54m
Other assets £12.18m £7.75m £4.21m £5.29m £7.73m
Defined benefit pension scheme asset or liability -£512.00k -£60.00k -£23.00k £0 £0
Total liabilities £4.42m £4.23m £4.72m £4.63m £5.82m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 22 October 2024 On Time
Accounts and TAR 31 December 2023 22 October 2024 On Time Download Open in new window
Annual return 31 December 2022 20 October 2023 On Time
Accounts and TAR 31 December 2022 20 October 2023 On Time Download Open in new window
Annual return 31 December 2021 11 October 2022 On Time
Accounts and TAR 31 December 2021 11 October 2022 On Time Download Open in new window
Annual return 31 December 2020 21 October 2021 On Time
Accounts and TAR 31 December 2020 21 October 2021 On Time Download Open in new window
Annual return 31 December 2019 21 October 2020 On Time
Accounts and TAR 31 December 2019 21 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 19/11/1915 as amended on 27 May 1994

Charitable objects

TO PROMOTE AND ASSIST THE WORK AND PURPOSES OF THE CHURCH OF ENGLAND IN THE DIOCESE OF ELY, AND IN PARTICULAR TO ORGANISE AND PROVIDE FUNDS IN AID OF THE WORK OF THE CHURCH AND FOR THE ESSENTIAL DEPARTMENTS OF THE CHURCH'S WORK. (FOR FURTHER DETAILS SEE MEMORANDUM OF ASSOCIATION).

Area of benefit

The area the charity can operate in, as set out in its governing document.

DIOCESE OF ELY

Contact information

Address:
Etheldreda House
206 Wellington Road
Lancaster Way Business Park
Ely
CAMBS.
Phone:
01353652700
Email:
No information available
Website:

www.elydiocese.org Open in new window