Finance Score: 2

Governance Score: 6

Support Score: 0

Excess liquidity: -1
Fundraising costs low: +3

No volunteer policy: -2
12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

No supporters identified

Overall GiG Score: 8

MONMOUTH DIOCESAN BOARD OF FINANCE

To ensure that there is sufficient revenue to maintain the level of stipendiary ministry for the diocese and to enable the administrative functions of the diocese to be properly exercised.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker recently
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
Although this charity works with volunteers it does not have a Volunteer Management policy
There are 18 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

Liquidity appeared to be considerably in excess of CC guidelines at the latest year end

Established: 26 years

www.churchinwales.org.uk/monmouth/index.html

bethandavies@churchinwales.org.uk

01633267490

Charity Commission for England and Wales

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22		£3,351	£2,868	£482	£0	£5,368	£4,810	20.1	9	50
31/12/21		£3,930	£3,815	£115	£0	£5,257	£4,696	14.8	9	50
31/12/20		£4,053	£3,902	£151	£0	£4,874	£4,343	13.4	12	50
31/12/19		£3,915	£3,239	£676	£0	£4,755	£4,352	16.1	14	50
31/12/18		£3,538	£3,380	£158	£0	£3,754	£3,464	12.3	15	50
31/12/17		£3,575	£3,345	£230	£0	£3,799	£3,519	12.6	15	0
31/12/16		£3,550	£3,420	£130	£0	£3,477	£3,168	11.1	18	0
31/12/15		£4,098	£3,950	£148	£53	£3,181	£2,860	8.7	11	0
31/12/14		£3,838	£3,870	£-32	£54	£3,062	£2,766	8.6	11	0
31/12/13	*	£3,804	£3,441	£363	£3,058	£3,105	£2,828	9.9	8	0
31/12/12		£3,744	£3,633	£111	£50	£2,567	£2,294	7.6	14	0
31/12/11		£3,666	£3,714	£-48	£50	£2,350	£2,013	6.5	14	0
31/12/10		£3,545	£3,733	£-187	£53	£2,446	£2,198	7.1	14	0
31/12/09		£3,333	£3,054	£278	£49	£2,521	£2,208	8.7	12	0
31/12/08		£3,919	£4,076	£-157	£48	£2,609	£2,249	6.6	4	0
31/12/07		£3,690	£3,642	£49	£43	£3,115	£2,585	8.5	6	0
31/12/06		£2,940	£2,973	£-33	£0	£0	£0	n/a	0	0
31/12/05		£2,449	£2,249	£200	£0	£0	£0	n/a	0	0
31/12/04		£2,449	£2,249	£200	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.6%
Fundraising Costs/Total Spending: 0.7%
Senior Staff Costs/Total Spending: 3%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 15%
Liabilities/Income: 29%
Unrestricted Funds/Total Funds: 90%
Reserves/Spending: 20.1 months
Net Current Assets/Spending: 8 months
Quick Ratio: 2.9

Asset Split ?

Listed activities

Religious Activities

How it operates

Acts as an umbrella or resource body

Where it operates

Blaenau Gwent, Caerphilly, Cardiff, Monmouthshire, Newport City, Torfaen,

Who it helps

The General Public/Mankind

Who works here?

9 employees
50 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Haberdashers' Company - Thomas Arno Fund
£500	06/07/2022	Annual donation

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (18)

Current Trustees appointed

Gender Split

Based on 16/18 persons

Age Range of Trustees: 33-72

ALAN DAVID JONES Appointed: 2021, Occupation: Self Employed

ANDREA THOMAS Appointed: 2023, Occupation: Bank Manager, Other trusteeship: MYNYDD BEDWELLTE MINISTRY AREA,

ANN LOUISE MINFORD Appointed: 2023, Occupation: Retired

DR PAUL GLOVER Appointed: 2023, Occupation: Consultant, Other trusteeship: Netherwent Ministry Area,

IAN STUART LOYND Appointed: 2023, Occupation: Head Teacher, Other trusteeship: THE CATHEDRAL CHURCH OF ST WOOLOS, NEWPORT,

MR C WRAY, Occupation: Engineering Manager

NICOLA GIBBONS Appointed: 2023, Occupation: Business Person, Other trusteeship: NEWPORT NORTH WEST MINISTRY AREA,

PAULETTE ROSEMARY BROWN Appointed: 2013, Occupation: None, Other trusteeship: LET THE CHILDREN LIVE!,

PETER LEA (Chair) Appointed: 2000, Occupation: Chartered Accountant, Other trusteeships: GROWING SPACE, SOCIETY OF THE SACRED CROSS,

REV JEREMY HARRIS Appointed: 2015, Occupation: Priest

REV JAMES ANDREW HENLEY Appointed: 2023, Occupation: Priest, Other trusteeships: East Cardiff Ministry Area, THE CHURCHES TOGETHER SHOP,

REV ROSS JAMES MAIDMENT Appointed: 2023, Occupation: Priest

THE RIGHT REVEREND CHERRY ELIZABETH VANN Appointed: 2020, Occupation: Bishop, Other trusteeships: MONMOUTH DIOCESAN TRUST, BRIDGET BEVAN'S FOUNDATION, POWIS EXHIBITION FUND, THE MONMOUTH DIOCESAN CLERGY WIDOWS & DEPENDANTS SOCIETY,

THE VENERABLE IAN KENDALL REES Appointed: 2021, Occupation: Archdeacon, Other trusteeships: MONMOUTH DIOCESAN TRUST, THE MONMOUTH DIOCESAN CLERGY WIDOWS & DEPENDANTS SOCIETY, THE REPRESENTATIVE BODY OF THE CHURCH IN WALES,

TIMOTHY RUSSEN Appointed: 2013, Occupation: Solicitor

VENERABLE JONATHAN SIMON WILLIAMS, Occupation: Minister Of Religion, Other trusteeships: MONMOUTH DIOCESAN TRUST, THE WIDOWS, ORPHANS AND DEPENDANTS SOCIETY OF THE CHURCH IN WALES, THE MONMOUTH DIOCESAN CLERGY WIDOWS & DEPENDANTS SOCIETY, THE CATHEDRAL CHURCH OF ST WOOLOS, NEWPORT,

VENERABLE STELLA BAILEY Appointed: 2022, Occupation: Archdeacon, Other trusteeships: MONMOUTH DIOCESAN TRUST, THE MONMOUTH DIOCESAN CLERGY WIDOWS & DEPENDANTS SOCIETY,

VERY REVEREND IAN CHRISTOPHER BLACK Appointed: 2021, Occupation: Dean, Other trusteeships: MONMOUTH DIOCESAN TRUST, THE LLANGASTY RETREAT HOUSE TRUST, THE CATHEDRAL CHURCH OF ST WOOLOS, NEWPORT,

Legal constitution

Charitable company registered in England & Wales on 23/01/1998, number: 1067653
Registered at Companies House on 02/01/1998, number: 03489945

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

19 returns made; AR13: 101 days late,

Main office

Diocese of Monmouth
Diocesan Board of Finance
64 Caerau Road
NEWPORT
Gwent
NP20 4HJ

Objectives

TO PROMOTE AND ASSIST THE PURPOSES OF THE CHURCH IN WALES AND IN THE PROVINCE OF WALES GENERALLY AND IN THE DIOCESE OF MONMOUTH FOR THE TIME BEING IN PARTICULAR AND TO COMPLY WITH THE CONSTITUTION OF THE CHURCH IN WALES AND THE DIOCESAN CONFERENCE IN SO FAR AS IS CONSISTENT WITH ITS REGISTRATION AS AN AUTONOMOUS INSTITUTION UNDER THE CHARITIES ACT 1993.

Defined Area of Benefit:

WALES AND DICESE OF MONMOUTH

Data Sources