THE LICHFIELD DIOCESAN BOARD OF FINANCE (INCORPORATED)
Charity overview
Activities - how the charity spends its money
The principal activity is to promote assist and advance the work of the Church of England in the Diocese of Lichfield and elsewhere, by acting as the financial executive of the Diocesan Synod. It oversees the resourcing of ministry within the Diocese and the financing of the work of the various diocesan bodies.
Income and expenditure
Data for financial year ending 31 December 2024
Total income:
£16,974,000
| Donations and legacies | £12.24m | |
| Charitable activities | £1.82m | |
| Other trading activities | £1.18m | |
| Investments | £1.73m | |
| Other | £0 |
Total expenditure:
£19,223,000
| Raising funds | £434.00k | |
| Charitable activities | £18.79m | |
| Other | £0 |
£2,175,000 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 | £434.00k | |
| Charitable expenditure | £18.79m |
People
72 Employee(s)
29 Trustee(s)
12 Volunteer(s)
Employees with total benefits over £60,000
| Number of employees | |
|---|---|
| £60k to £70k | 1 |
| £80k to £90k | 1 |
| £90k to £100k | 1 |
| £100k to £110k | 1 |
Fundraising
Trading
Trustee payments
What, who, how, where
- Religious Activities
- The General Public/mankind
- Provides Human Resources
- Provides Buildings/facilities/open Space
- Provides Services
- Acts As An Umbrella Or Resource Body
- Sandwell
- Shropshire
- Staffordshire
- Telford & Wrekin
- Walsall
- Wolverhampton
Governance
- 27 January 2005: Standard registration
- 06 October 2020: Funds received from 512665 ST JUDE'S HOSTEL FUND (TRUST 1619)
- DIOCESAN BOARD OF FINANCE (Working name)
- LICHFIELD DIOCESAN BOARD OF FINANCE (Working name)
- 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
29 Trustee(s)
| Name | Role | Date of appointment | Other trusteeships | Reporting status of other trusteeships | ||||||||
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| David Wright | Chair | 01 August 2023 |
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| Angela Patricia Bernard | Trustee | 23 January 2026 |
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| Stephen Robinson | Trustee | 12 January 2026 |
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| Rev Lisa Ann Knight | Trustee | 22 December 2025 |
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| Venerable Elizabeth Jackson | Trustee | 04 May 2025 |
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| The Venerable Nicholas Watson | Trustee | 04 May 2025 |
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| Rt Revd Anne Hollinghurst | Trustee | 25 March 2025 |
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| Rev Jane Lyon | Trustee | 06 February 2025 |
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| Rt Revd Timothy Wambunya | Trustee | 15 October 2024 |
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| Stephen Clifford | Trustee | 27 September 2024 |
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| PHILIP DAVID COLEMAN | Trustee | 27 September 2024 |
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| Rev DAVID SIMS | Trustee | 27 September 2024 |
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| Rt Revd Janet McFarlane | Trustee | 27 September 2024 |
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| Rev Christopher Precious | Trustee | 27 September 2024 |
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| Amanda Robbie | Trustee | 25 May 2023 |
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| Rt Revd Paul Richard Thomas | Trustee | 25 May 2023 |
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| Malcolm Maclean | Trustee | 25 May 2023 |
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| Dr Megan Rachel Smith | Trustee | 03 October 2021 |
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| Rev Michael Metcalf | Trustee | 07 September 2021 |
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| The Rt Revd Sarah Bullock | Trustee | 03 July 2019 |
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| Dr Paul Alexander Graetz | Trustee | 20 September 2018 |
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| REV PREB BRAIN LEATHERS | Trustee | 01 September 2018 |
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| Rev Michael Geoffrey Ipgrave | Trustee | 24 September 2016 |
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| Dr SUSAN KAREN WELLER | Trustee | 01 January 2015 |
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| JOSEPHINE LOCKE | Trustee | 06 November 2013 |
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| Dr Megan Smith | Trustee | 26 September 2013 |
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| ANDREW PAUL CHARLES | Trustee | 01 February 2013 |
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| PENELOPE ALLEN | Trustee | 28 November 2012 |
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| MR TUG WILSON | Trustee |
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Financial history
Financial period end date
| Income / Expenditure | 31/12/2020 | 31/12/2021 | 31/12/2022 | 31/12/2023 | 31/12/2024 | ||
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Total gross income | £16.56m | £17.06m | £27.99m | £17.25m | £16.97m | |
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Total expenditure | £17.47m | £18.03m | £18.92m | £19.52m | £19.22m | |
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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 | £251.00k | N/A | N/A | N/A | N/A | |
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Income - Donations and legacies | £10.06m | £13.86m | £14.38m | £12.56m | £12.24m | |
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Income - Other trading activities | £482.00k | £448.00k | £591.00k | £832.00k | £1.18m | |
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Income - Charitable activities | £1.18m | £1.39m | £1.75m | £1.73m | £1.82m | |
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Income - Endowments | £0 | £0 | £30.00k | £0 | £0 | |
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Income - Investment | £1.25m | £1.35m | £1.52m | £1.87m | £1.73m | |
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Income - Other | £3.59m | £19.00k | £9.75m | £252.00k | £0 | |
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Income - Legacies | £0 | £545.00k | £16.00k | £6.00k | £0 | |
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Expenditure - Charitable activities | £17.29m | £17.73m | £18.68m | £19.16m | £18.79m | |
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Expenditure - Raising funds | £156.00k | £146.00k | £237.00k | £357.00k | £434.00k | |
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Expenditure - Governance | £137.00k | £140.00k | £167.00k | £203.00k | £210.00k | |
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Expenditure - Grants institution | £2.50m | £2.55m | £1.96m | £1.80m | £1.05m | |
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Expenditure - Investment management | £138.00k | £146.00k | £237.00k | £0 | £434.00k | |
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Expenditure - Other | £26.00k | £157.00k | £3.00k | £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 | 31/12/2020 | 31/12/2021 | 31/12/2022 | 31/12/2023 | 31/12/2024 | ||
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Own use assets | £111.28m | £120.63m | £129.49m | £126.15m | £135.32m | |
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Long-term investments | £44.12m | £51.13m | £58.81m | £57.92m | £59.74m | |
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Other assets | £6.13m | £8.44m | £10.46m | £11.05m | £7.04m | |
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Defined benefit pension scheme asset or liability | -£1.04m | -£678.00k | £0 | £0 | £0 | |
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Total liabilities | £2.20m | £2.25m | £3.36m | £3.06m | £2.69m |
Accounts and annual returns
| Title | Reporting year | Date received | Received | Download |
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| Annual return | 31 December 2024 | 28 October 2025 | On time | |
| Accounts and TAR | 31 December 2024 | 28 October 2025 | On time | Download Open in new window |
| Annual return | 31 December 2023 | 28 October 2024 | On time | |
| Accounts and TAR | 31 December 2023 | 28 October 2024 | On time | Download Open in new window |
| Annual return | 31 December 2022 | 27 October 2023 | On time | |
| Accounts and TAR | 31 December 2022 | 27 October 2023 | On time | Download Open in new window |
| Annual return | 31 December 2021 | 25 October 2022 | On time | |
| Accounts and TAR | 31 December 2021 | 25 October 2022 | On time | Download Open in new window |
| Annual return | 31 December 2020 | 26 October 2021 | On time | |
| Accounts and TAR | 31 December 2020 | 26 October 2021 | On time | Download Open in new window |