Finance Score: 0

Governance Score: 5

Support Score: 1

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3

Grant maker support: +1

Overall GiG Score: 6

WORCESTER DIOCESAN BOARD OF FINANCE LIMITED

MEETING THE COSTS OF CLERGY STIPENDS, PENSIONS CONTRIBUTIONS, HOUSING, TRAINING TOGETHER WITH DIOCESAN ADMINISTRATION AND SUPPORT FOR MISSION AND MINISTRY OF THE CHURCH OF ENGLAND IN THE DIOCESE OF WORCESTER.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker
This charity has an endowment fund which generates most of its income
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

One or more trustees receive benefits from the charity
There are 17 trustees whereas the Charities Commission recommends a maximum of 12
Over half the Board have joined recently

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
31/12/22	£9,184	£8,824	£360	£59	£78,274	£9,132	12.4	47
31/12/21	£8,162	£8,812	£-650	£64	£80,531	£9,379	12.8	50
31/12/20	£8,887	£8,411	£476	£58	£74,833	£6,733	9.6	52
31/12/19	£8,962	£9,558	£-596	£90	£72,609	£6,764	8.5	54
31/12/18	£9,435	£8,929	£506	£53	£68,582	£5,685	7.6	58
31/12/17	£8,351	£8,339	£13	£0	£63,458	£6,346	9.1	53
31/12/16	£7,610	£8,078	£-468	£0	£61,622	£6,380	9.5	47
31/12/15	£8,919	£7,936	£983	£98	£61,209	£6,554	9.9	34
31/12/14	£7,755	£8,134	£-379	£16	£60,637	£6,382	9.4	34
31/12/13	£8,083	£8,020	£63	£21	£60,019	£6,156	9.2	32
31/12/12	£7,872	£7,625	£247	£18	£54,661	£5,864	9.2	39
31/12/11	£8,100	£8,093	£7	£17	£52,291	£5,495	8.1	31
31/12/10	£8,234	£8,034	£200	£14	£52,005	£11,658	17.4	47
31/12/09	£7,645	£7,942	£-297	£15	£51,532	£4,399	6.6	39
31/12/08	£7,448	£7,821	£-373	£15	£51,420	£3,957	6.1	41
31/12/07	£7,558	£7,425	£133	£13	£55,830	£4,420	7.1	38
31/12/06	£6,786	£6,974	£-188	£0	£0	£0	n/a	0
31/12/05	£6,189	£6,541	£-352	£0	£0	£0	n/a	0
31/12/04	£5,985	£5,882	£103	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 2%
Liabilities/Income: 14%
Unrestricted Funds/Total Funds: 12%
Reserves/Spending: 12.4 months
Net Current Assets/Spending: 1 months
Quick Ratio: 0.5

Asset Split ?

Established: 58 years
(91 years as a company)

www.cofe-worcester.org.uk

jnex@cofe-worcester.org.uk

01905732802

Charity Commission for England and Wales

Tweets

Listed activities

Religious Activities

GiG Classification

Christian congregations

How it operates

Provides buildings/facilities/open space
Provides human resources

Where it operates

Dudley, Gloucestershire, Herefordshire, Sandwell, Worcestershire,

Who it helps

The General Public/Mankind

Who works here?

47 employees

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
DCMS - Worcester Diocese Places of Worship
£5,505	01/04/2018	Worcester Diocese Places of Worship

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (17)

Current Trustees appointed

Gender Split

Based on 14/17 persons

Age Range of Trustees: 42-74

DEWI IEUAN AP RHYS PHILLIPS Appointed: 2019, Occupation: Retired

WADHAM ST JOHN DOWNING Appointed: 2023, Occupation: Retired

CANON HUGH ALAN RICHARDS Appointed: 2018, Occupation: Barrister

DAVID MICHAEL WIGHTMAN Appointed: 2022, Occupation: Retired

THE REVD CANON TIMOTHY JOHN WILLIAMS Appointed: 2022, Occupation: Clerk In Holy Orders

THE REVD DR RICHARD JOHNSON Appointed: 2022, Occupation: Minister Of Religion

MICHAEL DOUGLAS HUNTER Appointed: 2023, Occupation: Retired Lecturer, Other trusteeships: WORCESTERSHIRE OUTDOOR EDUCATION DEVELOPMENT ASSOCIATION (WOEDA), YOUNG SOLUTIONS WORCESTERSHIRE,

PHILIP VICTOR KEAR Appointed: 2022, Occupation: Retired, Other trusteeships: THE CLAINES FORCES FUND, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST. JOHN (THE) BAPTIST CHURCH, CLAINES,

REV ALLISON CLAIRE DAVIES Appointed: 2019, Occupation: Clerk In Holy Orders, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST GILES, BREDON IN THE DIOCESE OF WORCESTER,

REV CLAIRE ANN LORDING Appointed: 2018, Occupation: Clerk In Holy Orders, Other trusteeships: FRIENDS OF ST JAMES'S CHURCH BIRLINGHAM, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF THE ABBEY CHURCH OF THE HOLY CROSS PERSHORE,

THE VEN NICOLA JANE GROARKE Appointed: 2014, Occupation: The Archdeacon Of Dudley, Other trusteeships: THE WORCESTER DIOCESAN SOCIAL RESPONSIBILITY FUND, WORCESTER DIOCESAN ORDINATION CANDIDATES FUND, WORCESTER DIOCESAN SITES AND BUILDINGS FUND, BRIDGE BUILDERS MINISTRIES, DIOCESE OF WORCESTER CHURCH BUILDINGS MANAGEMENT PARTNERSHIP TRUST,

TAFADZWA HARRIET TERERA Appointed: 2023, Occupation: Student, Other trusteeship: THE INKBERROW SCHOOL TRUST,

THE REVD CANON DR STEPHEN MICHAEL EDWARDS Appointed: 2023, Occupation: Clerk In Holy Orders, Other trusteeships: THE WORCESTER DIOCESAN SOCIAL RESPONSIBILITY FUND, FRIENDS OF WORCESTER CATHEDRAL, WORCESTER DIOCESAN ORDINATION CANDIDATES FUND,

THE RT REVD MARTIN CHARLES WILLIAM GORICK Appointed: 2020, Occupation: Bishop Of Dudley, Other trusteeships: CLERGY HOLIDAYS FUND, WORCESTER DIOCESAN ORDINATION CANDIDATES FUND, WORCESTER DIOCESAN SITES AND BUILDINGS FUND, BLACK COUNTRY URBAN INDUSTRIAL MISSION,

ERIC ALLEN WILES Appointed: 2017, Occupation: Chartered Accountant, Other trusteeships: UPTON SNODSBURY VILLAGE HALL, FRIENDS OF ST KENELM'S CHURCH UPTON SNODSBURY,

ROBERT JOHN PEARCE Appointed: 2022, Occupation: Chartered Surveyor, Other trusteeship: MALVERN ST JAMES LIMITED,

THE RT REVD JOHN GEOFFREY INGE Appointed: 2007, Occupation: Bishop, Other trusteeships: CLERGY HOLIDAYS FUND, THE WORCESTER DIOCESAN SOCIAL RESPONSIBILITY FUND, WORCESTER DIOCESAN ORDINATION CANDIDATES FUND, WORCESTER DIOCESAN SITES AND BUILDINGS FUND, THE ARCHBISHOP'S EXAMINATION IN THEOLOGY TRUST,

Legal constitution

Charitable company registered in England & Wales on 13/05/1966, number: 247778
Registered at Companies House on 31/12/1932, number: 00271752

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

19 returns made; all on time

Main office

The Diocesan Office
16 Lowesmoor Wharf
WORCESTER
WR1 2RS

Objectives

TO PROMOTE, AID AND FURTHER THE OBJECTS, WORK AND BUSINESS OF THE CHURCH OF ENGLAND IN THE DIOCESE OF WORCESTER. (FOR FURTHER INFORMATION SEE MEMORANDUM AND ARTICLES OF ASSOCIATION).

Defined Area of Benefit:

DIOCESE OF WORCESTER

Data Sources