Finance Score: 3

Governance Score: 8

Support Score: 4

Liabilities <10%: +3
Excess liquidity: -1
Multiple Deficits: -2
Fundraising costs low: +3

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

Overall weighted support: +4

Overall GiG Score: 15

THE TRURO DIOCESAN BOARD OF FINANCE LIMITED

Promoting and assisting the works, objects and purposes of the Church of England, the advancement of the Christian religion in the Diocese of Truro and, in particular organising and providing funds for various departments of the Church's work.

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker
This charity has a robust balance sheet
Fundraising costs are 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:

Why are there 18 trustees whereas the Charities Commission recommends a maximum of 12?
Over half the Board have joined recently

Financial issues to consider:

Liquidity appeared to be considerably in excess of CC guidelines at the latest year end
On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/23	£7,032	£9,138	£-2,106	£274	£119,923	£18,008	23.6	37	22
31/12/22	£7,261	£8,184	£-924	£252	£115,536	£17,119	25.1	35	20
31/12/21	£6,855	£7,527	£-671	£247	£113,748	£15,910	25.4	38	20
31/12/20	£6,972	£7,414	£-442	£280	£101,274	£14,840	24	36	20
31/12/19	£7,262	£7,638	£-376	£256	£96,177	£14,510	22.8	34	20
31/12/18	£7,175	£7,819	£-644	£278	£90,347	£13,044	20	32	0
31/12/17	£7,044	£7,611	£-567	£383	£92,205	£11,880	18.7	29	0
31/12/16	£7,680	£6,469	£1,211	£383	£88,115	£10,804	20	27	0
31/12/15	£7,102	£6,444	£658	£551	£82,611	£9,570	17.8	25	0
31/12/14	£7,057	£7,290	£-233	£341	£73,838	£8,819	14.5	25	0
31/12/13	£6,476	£6,667	£-191	£322	£69,398	£8,747	15.7	22	0
31/12/12	£6,123	£6,195	£-72	£289	£65,394	£8,079	15.6	20	0
31/12/11	£6,278	£6,100	£179	£290	£65,328	£7,729	15.2	20	0
31/12/10	£6,369	£5,925	£444	£273	£63,891	£7,334	14.9	22	0
31/12/09	£6,148	£6,749	£-601	£337	£60,141	£6,796	12.1	26	0
31/12/08	£6,177	£6,278	£-101	£285	£57,065	£6,822	13	26	0
31/12/07	£6,943	£6,686	£257	£39	£65,709	£7,620	13.7	20	0
31/12/06	£7,262	£6,193	£1,069	n/a	n/a	n/a	n/a	n/a	n/a
31/12/05	£6,389	£6,024	£365	n/a	n/a	n/a	n/a	n/a	n/a
31/12/04	£6,365	£6,189	£176	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 6.6%
Fundraising Costs/Total Spending: 3.6%
Senior Staff Costs/Total Spending: 1%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 1%
Liabilities/Income: 15%
Unrestricted Funds/Total Funds: 15%
Reserves/Spending: 23.6 months
Net Current Assets/Spending: 9 months
Quick Ratio: 6.9

Asset Split ?

Balance Sheet History

Established: 58 years
(128 years as a company)

www.trurodiocese.org.uk

finance@truro.anglican.org

01872274351

Charity Commission for England and Wales

Tweets

Listed activities

Religious Activities

GiG Classification

Christian congregations

How it operates

Provides services

Where it operates

Cornwall,

Who it helps

The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

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

Specific Donations

Amount	When Months	To be used for
Department for Education - Priority School Building Programme - Private Finance Local Authority & Voluntary Aided School Revenue Grant
£48,040	01/04/2022	Revenue funding for private sector organisations as part of Public Private Partnership to maintain the condition of selected repaired schools.
Department for Education - Full Fibre Broadband
£50,250	01/04/2021	Capital funding to support the roll out of full fibre broadband to rural schools.
Department for Education - Priority School Building Programme - Private Finance Local Authority & Voluntary Aided School Revenue Grant
£46,712	01/04/2020	Revenue funding for private sector organisations as part of Public Private Partnership to maintain the condition of selected repaired schools.
Department for Education - Full Fibre Broadband
£33,605	01/04/2020	Capital funding to support the roll out of full fibre broadband to rural schools.
Department for Education - Priority School Building Programme - Private Finance Local Authority & Voluntary Aided School Revenue Grant
£23,032	01/04/2019	Revenue funding for private sector organisations as part of Public Private Partnership to maintain the condition of selected repaired schools
Department for Education - Priority School Building Programme - Private Finance Local Authority & Voluntary Aided School Revenue Grant
£23,035	01/04/2019	Revenue funding for private sector organisations as part of Public Private Partnership to maintain the condition of selected repaired schools
Department for Education - Priority School Building Programme - Private Finance Local Authority & Voluntary Aided School Revenue Grant
£22,723	01/04/2018	Revenue funding for private sector organisations as part of Public Private Partnership to maintain the condition of selected repaired schools
Department for Education - Priority School Building Programme - Private Finance Local Authority & Voluntary Aided School Revenue Grant
£22,723	01/04/2018	Revenue funding for private sector organisations as part of Public Private Partnership to maintain the condition of selected repaired schools
National Churches Trust - Maintenance award to NORTH PETHERWIN, St Paternus
£3,000	07/03/2018	Urgent repairs to church tower
National Churches Trust - Repair award to CUBERT, Cubert Church
£40,000	01/12/2016	Renew/repair roofs, gutters, tower repairs, structural repairs to South transept, repoint external walls and bell tower, internal replastering

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (18)

Current Trustees appointed

Gender Split

Age Range of Trustees: 46-75

ANNA ELIZABETH HARBORNE CORBETT Appointed: 2020, Occupation: Publisher

CHARLOTTE ELISABETH IRWIN Appointed: 2015, Occupation: Housewife

DR ANDREW GIBB THOMPSON Appointed: 2016, Occupation: Retired

JEREMY ALAN STUART Appointed: 2024, Occupation: Local Government Ceo

JUSTIN MARK DAY Appointed: 2024, Occupation: Retired Solicitor

KAREN LOUISE BOND Appointed: 2024, Occupation: Independent Fostering & Permanance Panel Member

MERISA CAROLINE MACINNES Appointed: 2024, Occupation: Marketing Consultant

REV ELIZABETH MARY ANN BURKE Appointed: 2024, Occupation: Clerk In Holy Orders

REV HUGH NELSON Appointed: 2020, Occupation: Bishop

REV PAUL VICTOR ZAPHIRIOU Appointed: 2024, Occupation: Minister Of Religion

REV ROBERT JEFFREY TERRY Appointed: 2024, Occupation: Retired Barrister

REV SIMON JOSEPH ROBINSON Appointed: 2022, Occupation: Clerk In Holy Orders

REV TERESA LORRAINE FOLLAND Appointed: 2021, Occupation: Priest

ROGER BAYLEY SMITH Appointed: 2022, Occupation: Retired Schoolmaster

SIMON ANDREW TAURINS Appointed: 2024, Occupation: Banker

THE REVEREND JEFFREY EDWARD RISBRIDGER Appointed: 2024, Occupation: Parish Priest

THE VENERABLE CLIVE DUNCAN HOGGER Appointed: 2024, Occupation: Archdeacon

THE VENERABLE KELLY ANNE BETTERIDGE Appointed: 2021, Occupation: Archdeacon

Legal constitution

Charitable company registered in England & Wales on 21/06/1966, number: 248330
Registered at Companies House on 23/10/1896, number: 00049825

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

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
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

Filing Record

20 returns made; all on time

Main office

Truro Diocesan Board of Finance Ltd
Old Cathedral School
Cathedral Close
TRURO
Cornwall
TR1 2FQ

Objectives

TO PROMOTE AND ASSIST THE WORK, OBJECTS AND PURPOSES OF THE CHURCH OF ENGLAND FOR THE ADVANCEMENT OF THE CHRISTIAN RELIGION IN THE DIOCESE, AND IN PARTICULAR TO ORGANISE AND PROVIDE FUNDS IN AID OF WORK OF THE CHURCH INCLUDING:TRAINING FOR MINISTRY;MAINTENANCE AND FINANCIAL SUPPORT AND ASSISTANCE OF MINISTRY;PROVISION OF PENSIONS FOR THE CLERGY AND FOR LAY WORKERS;PROVISION OF SITES FOR, AND THE ERECTION, EQUIPMENT, IMPROVEMENT, ENDOWMENT, MAINTENANCE AND REPAIR OF CHURCH BUILDINGS, MISSION ROOMS, CHURCH HALLS, PARSONAGE HOUSES, HOSTELS, CLERGY HOUSES, INSTITUTES, HALLS, REFUGES, CLUBS, HOUSES AND ANY OTHER BUILDINGS, WHETHER TEMPORARY OR OTHERWISE, TO BE USED FOR OR IN CONNECTION WITH ANY OF THE OBJECTS OF THE COMPANY;RELIGIOUS EDUCATION IN ALL ITS BRANCHES, INCLUDING THE PROVISION OF SITES FOR AND THE BUILDING, EQUIPMENT, IMPROVEMENT AND REPAIR OF CHURCH OF ENGLAND SCHOOLS AND COLLEGES;PROVISION OF EXPENSES OF DIOCESAN AND CENTRAL ORGANISATION;SUCH OTHER OBJECTS AND PURPOSES AS FROM TIME TO TIME MAY BE EXPEDIENT FOR THE BETTER CARRYING FORWARD OF THE CHURCH'S WORK AND TO AID AND FURTHER (IN SUCH MANNER AS MAY FROM TIME TO TIME BE APPROVED BY A RESOLUTION OF THE SYNOD) THE OBJECTS AND WORK OF THE CHURCH OF ENGLAND IN ANY PART OF ENGLAND AND WALES OUTSIDE THE DIOCESE OR BEYOND THE BORDERS OF ENGLAND AND WALES OR ANY MISSION OR CHURCH OR BODY OF CHRISTIANS IN COMMUNION WITH THE CHURCH OF ENGLAND BEYOND SUCH BORDERS

Defined Area of Benefit:

DIOCESE OF TRURO

Data Sources

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