Finance Score: 3

Governance Score: 6

Support Score: 2

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

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

Grant maker support: +2

Overall GiG Score: 11

THE COVENTRY DIOCESAN BOARD OF FINANCE LTD

The activities of the Coventry Diocesan Board of Finance Limited 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 training and other support to both clergy and lay people in parishes across the Diocese.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker
This charity has a robust balance sheet
Spending has increased over the last 3 years relative to the previous period
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:

Although this charity works with volunteers it does not have a Volunteer Management policy
There are 27 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

Liquidity appeared to be in excess of CC guidelines at the latest year end especially considering the historic stability of income
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	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22		£11,135	£12,056	£-921	£513	£94,096	£18,674	18.6	43	410
31/12/21		£9,424	£9,740	£-316	£480	£99,339	£18,121	22.3	44	405
31/12/20		£10,151	£9,173	£978	£425	£93,874	£17,252	22.6	52	400
31/12/19		£10,241	£10,033	£208	£512	£90,041	£14,706	17.6	56	96
31/12/18		£10,632	£8,974	£1,658	£470	£83,162	£14,002	18.7	49	0
31/12/17		£11,258	£8,972	£2,286	£181	£80,830	£13,238	17.7	47	0
31/12/16		£9,711	£8,049	£1,662	£116	£73,590	£11,951	17.8	35	0
31/12/15		£9,520	£7,663	£1,857	£284	£60,422	£10,487	16.4	26	0
31/12/14		£7,703	£7,662	£41	£377	£49,343	£9,921	15.5	24	0
31/12/13		£7,939	£7,557	£382	£358	£46,451	£9,753	15.5	22	0
31/12/12		£7,817	£7,659	£158	£346	£45,392	£9,324	14.6	21	0
31/12/11	*	£8,040	£7,591	£449	£492	£44,890	£9,077	14.3	22	0
31/12/10		£8,039	£7,288	£751	£412	£40,470	£9,652	15.9	19	0
31/12/09		£7,247	£6,825	£422	£532	£32,265	£7,536	13.3	20	0
31/12/08		£7,440	£6,820	£620	£638	£31,670	£5,368	9.4	17	0
31/12/07		£6,969	£6,451	£517	£420	£33,289	£5,178	9.6	18	0
31/12/06		£6,873	£6,393	£480	£0	£0	£0	n/a	0	0
31/12/05		£6,234	£7,309	£-1,076	£0	£0	£0	n/a	0	0
31/12/04		£6,207	£6,882	£-675	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 6.7%
Fundraising Costs/Total Spending: 4.3%
Senior Staff Costs/Total Spending: 1%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 2%
Liabilities/Income: 15%
Unrestricted Funds/Total Funds: 20%
Reserves/Spending: 18.6 months
Net Current Assets/Spending: 6 months
Quick Ratio: 3

Asset Split ?

Established: 58 years
(87 years as a company)

www.coventry.anglican.org

helen.groocock@coventry.anglican.org

024 7652 1200

Charity Commission for England and Wales

Tweets

Listed activities

Religious Activities

GiG Classification

Christian congregations

How it operates

Acts as an umbrella or resource body
Makes Grants to Individuals
Makes Grants to Organisations
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides human resources
Provides other finance
Provides services

Where it operates

Coventry City, Warwickshire,

Who it helps

Other Charities Or Voluntary Bodies
Other Defined Groups
The General Public/Mankind

Who works here?

43 employees
410 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
DCMS - St Peter's Mancetter
£3,000	15/12/2020	Preparation of specification for urgent repair works to tower
Garfield Weston Foundation - Main Grants award
£5,000	09/05/2018	St Mary Magdalen Repair Project

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (27)

Current Trustees appointed

Gender Split

Based on 25/27 persons

Age Range of Trustees: 36-76

THE RIGHT REVEREND MALAYIL LUKOSE VARGHESE MUTHALALY Appointed: 2023

DR SARAH NATASHA IONA MOUNT Appointed: 2021, Occupation: Technical Lead

EMILI JOLYNN LOWERY Appointed: 2021, Occupation: Pastoral Lead/Head Of Year

MARION ELIZABETH MACLELLAN Appointed: 2021, Occupation: Retired University Lecturer

OGECHI UGOCHI NGEMEGWAI Appointed: 2021, Occupation: Administrator, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RADFORD COVENTRY,

REV APRIL CLARE GOLD Appointed: 2023, Occupation: Diocesan Director Of Education

REV DAVID ELIS POULTNEY Appointed: 2022, Occupation: Rector

REV TIMOTHY DAVID COCKELL Appointed: 2023, Occupation: Associate Archdeacon (Clerk In Holy Orders)

THE VENERABLE BARRY JOHN DUGMORE Appointed: 2019

DR ANITA NORA CARMEL MORGAN Appointed: 2023, Occupation: Consultant Paediatrician, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICHOLAS WARWICK,

DR RICHARD JOHN ELTON Appointed: 2023, Occupation: Consultant Anaesthetist, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARTIN IN THE FIELDS, FINHAM, COVENTRY,

MARY JOANNA KING Appointed: 2018, Occupation: Self Employed

PHILIP ALEXANDER SEWARDS Appointed: 2021, Occupation: Retired, Other trusteeship: THE OMEGA COURSE,

REV ALISON JANE EVANS Appointed: 2020, Occupation: Vicar, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY ATTLEBOROUGH, NUNEATON,

REV ANDREW GEORGE BATCHELOR Appointed: 2023, Occupation: Vicar, Other trusteeships: TOWN LANDS CHARITY, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, LADBROKE,

REV BARRY JAMES JACKSON Appointed: 2021, Occupation: Minister Of Religion, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, KINETON,

REV CLAIRE LOUISE MCARTHUR Appointed: 2018, Occupation: Clerk Of Holy Orders

REV ESTHER LOUISE PEERS Appointed: 2023, Occupation: Clerk In Holy Orders, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY LEAMINGTON SPA,

REV JONATHAN NOEL JEE Appointed: 2021, Occupation: Vicar, Other trusteeships: ST PAUL'S PAROCHIAL SCHOOLS, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, LEAMINGTON PRIORS,

REV KAY DYER Appointed: 2020, Occupation: Associate Priest, Other trusteeships: CHRISTIAN PRAYER MINISTRIES, THE FRIENDS OF ST HELEN'S CHURCH,

REV STEPHEN PARKER Appointed: 2021, Occupation: Vicar, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, LEAMINGTON PRIORS,

STEPHEN JOHN COOMBER (Chair) Appointed: 2024, Occupation: Retired, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE EVANGELIST, KENILWORTH,

SUSAN ELIZABETH WILLIAMS Appointed: 2021, Occupation: Secretary, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RADFORD COVENTRY,

THE RIGHT REVEREND RUTH ELIZABETH WORSLEY Appointed: 2023, Occupation: Acting Bishop Of Coventry, Other trusteeship: COVENTRY DIOCESAN BOARD OF EDUCATION,

TIMOTHY HUGH POLLARD Appointed: 2016, Occupation: Transport Modeller

CHRISTOPHER HENRY BAKER Appointed: 2007, Occupation: Retired, Other trusteeship: PARTNERS OF ARROW ASSOCIATION,

THE VERY REVD JOHN JULIAN WITCOMBE Appointed: 2013, Occupation: Clerk In Holy Orders, Other trusteeship: THE CATHEDRAL CHURCH OF ST MICHAEL COVENTRY,

Legal constitution

Charitable company registered in England & Wales on 14/11/1966, number: 247828
Registered at Companies House on 12/10/1936, number: 00319482

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

19 returns made; AR11: 0 days late,

Main office

DIOCESAN OFFICES
1 HILL TOP
COVENTRY
CV1 5AB

Objectives

TO PROMOTE AND ASSIST THE WORK OBJECTS PURPOSES AND MINISTRY OF THE CHURCH OF ENGLAND FOR THE ADVANCEMENT OF THE CHRISTIAN RELIGION IN THE DIOCESE OF COVENTRY. FOR FURTHER DETAILS PLEASE REFER TO CLAUSE 3 OF THE MEMORANDUM.

Defined Area of Benefit:

DIOCESE OF COVENTRY

Data Sources