THE LEICESTER DIOCESAN BOARD OF FINANCE

Charity Number: 249100
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The activities of Leicester Diocese are wide but its primary activity is to support the clergy of the Diocese through the payment of stipends, the management and maintenance of parsonages and other ministerial housing and provide other facilities and resources in support of the ministry of both clergy and lay people across the Diocese.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£9,754,000

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Donations and legacies £6.83m
Charitable activities £453.00k
Other trading activities £453.00k
Investments £1.03m
Other £986.00k

Total expenditure:
£12,571,000

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Raising funds £165.00k
Charitable activities £10.62m
Other £1.79m

£973,000 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 £1.95m
Charitable expenditure £10.62m

People

95 Employee(s)

12 Trustee(s)

10 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 2
£70k to £80k 1
£80k to £90k 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:
  • Accommodation/housing
  • Religious Activities
Who the charity helps:
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • 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
Where the charity operates:
  • Leicester City
  • Leicestershire

Governance

Registration history:
  • 03 April 1991: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
00227087 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

12 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
David John Palmer Chair 01 November 2017
LAUNDE ABBEY TRUST
Received: On time
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST.MARY MAGDALEN,KNIGHTON,LEICESTER
Received: On time
Ann Margaret Greenwood Trustee 02 December 2024
None on record
Rev Jitesh Krisnakant Patel Trustee 31 October 2024
None on record
The Very Reverend Karen Sheila Frances Rooms Trustee 18 May 2024
None on record
Russell Mark Andrews Trustee 18 May 2024
None on record
Right Reverend Malayil Lukose Varghese Muthalaly Trustee 18 May 2024
None on record
Rev Stephen Andrew Bailey Trustee 18 May 2024
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. PAUL , OADBY
Received: On time
Stephen Mark Adshead Trustee 14 September 2023
None on record
Ven Richard Vernon Worsfold Trustee 04 November 2018
LEICESTER GRAMMAR SCHOOL TRUST
Received: On time
THE VENERABLE Claire Wood Trustee 08 October 2017
THE GODFREY FUND FOR RETIRED CLERGY
Received: On time
LEICESTER DIOCESAN BOARD OF EDUCATION
Received: On time
RT REVD MARTYN JAMES SNOW Trustee 22 February 2016
THE GODFREY FUND FOR RETIRED CLERGY
Received: On time
REDCLIFFE COLLEGE
Received: On time
Christopher John Sheldon Trustee 27 November 2013
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EMMANUEL LOUGHBOROUGH
Received: On time
THOMAS HARLEY'S ESTATE CHARITY
Received: On time
THOMAS HARLEY'S CHARITY
Recently registered

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 £12.14m £9.64m £10.90m £10.96m £10.71m
Total expenditure £11.56m £12.10m £11.86m £12.01m £12.57m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A £379.00k £149.00k N/A N/A
Income - Donations and legacies £7.51m £6.95m £7.67m £7.21m £6.83m
Income - Other trading activities £1.25m £468.00k £746.00k £1.34m £453.00k
Income - Charitable activities £457.00k £1.09m £682.00k £556.00k £453.00k
Income - Endowments £0 £798.00k £0 £0 £0
Income - Investment £1.16m £958.00k £978.00k £950.00k £1.03m
Income - Other £1.76m £173.00k £823.00k £902.00k £986.00k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £10.91m £10.62m £10.57m £10.34m £10.62m
Expenditure - Raising funds £208.00k £257.00k £190.00k £201.00k £165.00k
Expenditure - Governance £0 £158.00k £155.00k £113.00k £178.00k
Expenditure - Grants institution £302.00k £0 £0 £364.00k £765.00k
Expenditure - Investment management £208.00k £257.00k £28.00k £21.00k £165.00k
Expenditure - Other £439.00k £1.23m £1.10m £1.47m £1.79m

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 £40.00m £39.37m £38.64m £38.29m £34.16m
Long-term investments £41.38m £40.63m £41.37m £43.75m £43.75m
Other assets £2.77m £2.00m £2.70m £2.50m £5.15m
Defined benefit pension scheme asset or liability -£668.00k -£190.00k -£27.00k £0 £0
Total liabilities £5.00m £5.16m £3.62m £4.00m £3.76m

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 05 June 2024 On Time
Accounts and TAR 31 December 2023 05 June 2024 On Time Download Open in new window
Annual return 31 December 2022 16 May 2023 On Time
Accounts and TAR 31 December 2022 16 May 2023 On Time Download Open in new window
Annual return 31 December 2021 23 May 2022 On Time
Accounts and TAR 31 December 2021 23 May 2022 On Time Download Open in new window
Annual return 31 December 2020 26 May 2021 On Time
Accounts and TAR 31 December 2020 26 May 2021 On Time Download Open in new window
Annual return 31 December 2019 01 October 2020 On Time
Accounts and TAR 31 December 2019 01 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 OF ASSOCIATION INCORPORATED 4 JANUARY 1928. AS AMENDED BY SPECIAL RESOLUTION(S) DATED 11 DEC 2002 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 18 MAY 2024 as amended on 10 Jul 2024 as amended on 19 Jul 2024 as amended on 23 Nov 2024

Charitable objects

The Objects for which the DBF is established are: To promote, aid, and further the objects and work of the Church of England as at present constituted or as hereafter it may be constituted, and more particularly in the Diocese of Leicester (hereinafter called ?the Diocese?) for that purpose to do and carry out or assist in doing or carrying out all such matters and things as are likely to promote or help any of the said objects or work, and in particular to assist by grants, subscriptions, or payments of money or otherwise all or any of the following departments of work: - Training for the ministry and work of such Church. - Maintenance of the clergy and other persons connected with the ministry and work of such Church. - Provisions of pensions for and the support, assistance, and benefit of ministers, teachers, and workers of such Church, and of persons who have previously held any such positions, and, where such persons are deceased, their surviving partners, spouses, descendants and dependents. - Purchase, improvement and repair of houses for such clergy and other persons connected with the ministry and work of such Church. - The provision of sites for and the erection, purchase, equipment, endowment, maintenance, insurance, enlargement, alteration, and repair of churches, chapels, churchyards, burial grounds, and of buildings of all kinds, with or without gardens, or other grounds, used or to be used for the purposes of or in connection with any work of such Church. - Education of the young, and in particular their religious education. - Provision for the Cathedral. - The expenses of any organisation or work carried on wholly or partially by the DBF or by the Central Board of Finances for the Church of England. With such additions to the departments aforesaid as from time to time may be expedient for the furthering of the work and influence of such Church. To promote, aid, and further (in such matter as may be approved and sanctioned by the Bishop for the time being) the objects and work of any mission, church, or body of Christians in communion with the Church of England in any part of the world.

Area of benefit

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

DIOCESE OF LEICESTER

Linked charities

Linked charities
Linked charity 249100-1 PROCEEDS OF SALE OF CERTAIN TRUST PROPERTY HELD IN CONNECTION WITH THE CHURCH OF ENGLAND
Governing document
SCHEME OF 20 DECEMBER 1990
Charitable objects
FURTHERING THE RELIGIOUS AND OTHER CHARITABLE WORK OF THE CHURCH OF ENGLAND
Area of benefit
THE ECCLESIASTICAL PARISH OF THE RESURRECTION LEICESTER
Registration history
  • 03 April 1991 : Standard registration

Contact information

Address:
7 Peacock Lane
Leicester
LE1 5PZ
Phone:
01162625326
Email:
jonathan.kerry@leccofe.org
Website:

www.leicester.anglican.org Open in new window