NORWICH DIOCESAN BOARD OF FINANCE LIMITED(THE)
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-06 (in 2mo)
Last made up 2025-06-22
Watchouts
Cash
£8M
-10.5% vs 2023
Net assets
£165M
+1% vs 2023
Employees
52
-1.9% vs 2023
Profit before tax
£907K
+80% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £13,046,000 | £13,438,000 | |
| Operating profit | -£756,000 | -£184,000 | |
| Profit before tax | £504,000 | £907,000 | |
| Net profit | £504,000 | £907,000 | |
| Cash | £8,649,000 | £7,742,000 | |
| Total assets less current liabilities | £162,174,000 | £163,476,000 | |
| Net assets | £163,221,000 | £164,877,000 | |
| Equity | £163,221,000 | £164,877,000 | |
| Average employees | 53 | 52 | |
| Wages | £1,378,000 | £1,725,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -5.8% | -1.4% | |
| Net margin | 3.9% | 6.7% | |
| Return on capital employed | -0.5% | -0.1% | |
| Gearing (liabilities / total assets) | 1.9% | 1.2% | |
| Current ratio | 2.64x | 3.19x | |
| Interest cover | -84.00x | -20.44x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Lovewell Blake LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries the Trustees are satisfied that Norwich Diocesan Board of Finance Limited has adequate resources to continue to operate as a going concern for the foreseeable future and have prepared the financial statements on that basis.”
Group structure
- NORWICH DIOCESAN BOARD OF FINANCE LIMITED(THE) · parent
- Spire Support Services Limited 1%
- NDBF (Easton) Limited
- Norwich Glebe Property Limited
Significant events
- “The end of the 2024 financial year coincided with our long-standing Director of Finance, Susan Bunting, leaving the team to take up a new role with the World Land Trust. We owe her a huge debt of gratitude for all she did, first in her role as auditor and subsequently leading the finance team where she ensured the sound management of the Diocese's finances. The Director of Finance baton has been passed to Don McCallum whom we are delighted to welcome to the team.”
- “reduction in operating deficit reflects the benefits of implementing the residential property review.”
- “Average stipendiary clergy numbers were 18 posts below budget because we have more vacancies in stipendiary posts than planned.”
- “Increased investment in housing for our clergy in 2024 was supported through the sale of properties that have been deemed surplus to ministry requirements”
- “The procurement of new service providers and contracts in 2024 including telephones, website and IT provision has enabled considerable future cost savings.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
19 active · 81 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SWEETING, Tim | Secretary | 2021-09-06 | — | — |
| BETTS, Steven James, The Venerable | Director | 2003-08-01 | Nov 1964 | British |
| BISHOP, Ian Gregory, The Rt Revd | Director | 2023-09-29 | Nov 1962 | British |
| BRADDOCK, Andrew Jonathan, Very Reverend Dr | Director | 2023-01-28 | Mar 1971 | British |
| CRACKNELL, Paul Jonathan | Director | 2021-10-06 | Oct 1975 | British |
| DOBSON, Catherine, The Ven | Director | 2022-10-01 | May 1971 | British |
| EDGECOMBE, Virginia Clare | Director | 2021-10-06 | Mar 1968 | British |
| HOWE, Catherine | Director | 2023-07-13 | Oct 1952 | British |
| HUTTON, Caroline | Director | 2025-01-09 | Dec 1981 | British |
| JAMES, Keith Nicholas, The Ven | Director | 2022-04-04 | Feb 1969 | British |
| JEFFRIES, Mark | Director | 2021-02-20 | Jun 1957 | British |
| KAMMOUN, Kandara Rachelle | Director | 2018-10-15 | Feb 1960 | British |
| PRICE, Matthew James, Revd | Director | 2021-10-06 | Mar 1978 | British |
| RICHMOND, Patrick, Revd Dr | Director | 2019-12-16 | May 1969 | British |
| ROBSON, Angela Shireen | Director | 2014-10-21 | Apr 1961 | British |
| STEEN, Jane Elizabeth, The Rt Revd Dr | Director | 2021-10-06 | Feb 1964 | British |
| STOKES, Simon Colin, Rev'D Canon | Director | 2016-02-09 | Mar 1962 | British |
| USHER, Graham, The Rt.Reverend. | Director | 2019-06-17 | Sep 1970 | British |
| WILKINS, Graham Paul, Revd | Director | 2025-03-31 | Sep 1982 | British |
Show 81 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADENEY, David William | Secretary | 1995-04-25 | 2002-03-31 |
| BOWETT, Richard Julnes, Reverend | Secretary | 2002-04-01 | 2009-10-05 |
| BUTLER, Michael Richard | Secretary | 2009-09-23 | 2021-04-30 |
| MARTIN, Brian Wardley, Dr | Secretary | — | 1995-03-31 |
| MOLAND, Robert William, Captain | Secretary | — | 1993-04-30 |
| ALLBROOK, Mark Edward | Director | 2021-10-06 | 2025-01-09 |
| ALLTON, Paul Irving, The Reverend | Director | — | 1991-12-17 |
| ASHE, John, Venerable | Director | 2009-04-01 | 2012-04-24 |
| ASQUITH, Michael, Revd | Director | 2019-01-01 | 2021-10-06 |
| BACK, Robin Philip | Director | 2003-08-01 | 2021-10-06 |
| BARNE, Nicholas Michael Lancelot, Major | Director | 2013-01-01 | 2013-12-31 |
| BARNE, Nicholas Michael Lancelot, Major | Director | 2004-07-27 | 2013-01-01 |
| BARRETT, Eric Walter | Director | — | 2003-12-31 |
| BARROW, Janet | Director | 1995-02-28 | 1996-02-27 |
| BEARDSMORE, Alan, The Reverend | Director | 1999-03-30 | 2003-12-31 |
| BENTLEY, Ian, The Ven | Director | 2021-10-06 | 2022-05-16 |
| BOLTON, Nick | Director | 2024-11-02 | 2025-06-17 |
| BOWETT, Richard Julnes, The Reverend | Director | 1998-01-27 | 2002-02-28 |
| BRADFORD, Steven, Revd | Director | 2013-10-22 | 2015-02-10 |
| BRAMALL, Robin Julian Shrubb | Director | 2001-11-27 | 2009-12-31 |
| BROKE, Simon William Straton | Director | 1998-03-31 | 2007-12-31 |
| BUXTON, Andrew Edward | Director | 1993-12-21 | 2004-06-30 |
| CATOR, Christopher Harry | Director | 2004-09-28 | 2017-03-31 |
| CHAMBERLAIN, David John | Director | 2004-01-01 | 2004-09-06 |
| CLIFFORD-JACKSON, Vivienne Helen | Director | 2015-10-17 | 2018-10-13 |
| COGHILL, Hugh Murray Charles | Director | 2018-01-15 | 2021-03-01 |
| CROCKER, Keith Gwilliam, The Reverend | Director | 1992-01-28 | 1994-12-21 |
| DAWSON, Peter, The Venerable | Director | — | 1993-08-30 |
| DE WAAL, Hugo Ferdinand, The Right Reverend | Director | 1994-07-12 | 2000-12-31 |
| DORLING, Geoffrey Walter | Director | 2000-01-25 | 2009-12-31 |
| ELPHICK, Vivien Margaret, Reverend | Director | 1996-09-24 | 2003-12-31 |
| ENGER, Margaret Cecilia | Director | 2007-01-01 | 2013-01-01 |
| FOOTTIT, Anthony Charles, Bishop | Director | — | 1994-12-21 |
| GENT, Anthony Edward | Director | — | 1993-04-27 |
| GLOVER, Robert Alexander | Director | 1995-01-31 | 2000-01-25 |
| GREEN, Maurice Paul, Reverend Cannon | Director | 1995-01-31 | 1996-09-24 |
| GURNEY, David Quintin | Director | — | 2001-11-26 |
| GURNEY, Michael Anthony James | Director | 2010-09-21 | 2021-01-04 |
| HANDLEY, Anthony Michael, The Venerable | Director | — | 1994-12-21 |
| HANSON, John Brian | Director | 2001-11-26 | 2002-10-10 |
| HARROLD, Roy Mealham | Director | 1995-01-31 | 1997-12-16 |
| HEDGES, Jane Barbara, The Very Revd | Director | 2021-10-06 | 2022-05-01 |
| HOLLANDS, Ray | Director | 2012-01-17 | 2021-10-06 |
| HUMPHRIES, Grahame Leslie, Rev | Director | 1995-05-23 | 1996-07-30 |
| HUSSELBY, William Eric | Director | 2007-11-27 | 2021-03-20 |
| HUTCHINSON, Karen Elizabeth, The Ven | Director | 2021-10-06 | 2022-04-04 |
| JAMES, Graham Richard, Rt Rev | Director | 1999-11-29 | 2018-12-31 |
| KENDALL, George Langton | Director | 1995-01-31 | 2001-11-26 |
| LAMBERT, John Ross, Air Commodore | Director | — | 1994-12-21 |
| LANGSTAFF, James Henry, Rt Revd | Director | 2009-06-01 | 2010-10-01 |
| LAWRENCE, Christopher Quentin | Director | 2013-01-01 | 2013-01-07 |
| MAKIN, Alexander Ian Scott, Colonel | Director | 1992-07-29 | 1997-12-16 |
| MARRIS, David Drummond | Director | 2001-11-26 | 2004-11-30 |
| MARTIN, Susan Gail | Director | 2016-02-09 | 2024-11-02 |
| MENAUL, Patricia | Director | 2013-10-22 | 2021-10-06 |
| MITCHELL, David | Director | — | 1994-12-21 |
| NAIRN, Stuart Robert, The Reverend | Director | — | 1994-12-21 |
| NEWEY, Michael Clive | Director | 2024-11-02 | 2025-06-17 |
| NOTT, Peter John, The Right Reverend | Director | 1995-01-31 | 1999-06-30 |
| O'LONE, Marcus | Director | 2008-09-01 | 2010-03-16 |
| OFFER, Clifford Jocelyn, Venerable | Director | 1994-01-18 | 2008-06-24 |
| PEARSON, David | Director | — | 2003-07-31 |
| POULARD, Christopher, Reverend | Director | 1996-07-30 | 1997-12-16 |
| POULTER, Anthony Mervyn, Captain | Director | 2010-01-04 | 2023-03-10 |
| RICHARDSON, David Urling | Director | 2010-01-04 | 2017-03-31 |
| RIX, Lindsey Claire | Director | 2021-10-06 | 2024-01-25 |
| SELLORS, Michael Harry, The Reverend | Director | — | 1991-11-26 |
| SHARP, David Malcolm, The Revd Canon | Director | 1995-05-23 | 1998-11-24 |
| SIMPER, Pauline Elsie Anne | Director | 1996-03-19 | 1996-07-02 |
| SIMPSON, John, Reverand | Director | 1995-01-31 | 2003-07-31 |
| STOKES, Simon Colin, Reverend | Director | 2001-01-01 | 2009-12-31 |
| SYKES, Jeremy Gordon | Director | 2004-01-01 | 2021-10-06 |
| TAYLOR, Julian | Director | 2014-04-29 | 2021-10-06 |
| TEMPLE-CROWE, Patricia | Director | 2021-10-06 | 2025-10-07 |
| THEAKSTON, Sally Margaret, Revd Canon | Director | 2013-01-07 | 2019-12-15 |
| THOMPSON, Timothy Charles, Reverend | Director | 2010-01-01 | 2015-12-31 |
| THORNTON, John Henry | Director | — | 1992-04-28 |
| THORP, Stephen Linton, The Revd | Director | 2021-10-06 | 2024-11-02 |
| TOMLINSON, Barry William, The Reverend | Director | — | 1994-12-21 |
| WAKE, Cynthia Lucy Oborn | Director | 2013-10-05 | 2015-10-31 |
| WEST, Roger | Director | 1998-01-27 | 2001-06-30 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 322 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-24 | CH01 | officers | Change person director company with change date | |
| 2025-12-18 | CH01 | officers | Change person director company with change date | |
| 2025-10-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-02 | AA | accounts | Accounts with accounts type group | |
| 2025-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-17 | AA | accounts | Accounts with accounts type group | |
| 2024-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-03 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+3%
£13,046,000 £13,438,000
-
Cash
-10.5%
£8,649,000 £7,742,000
-
Net assets
+1%
£163,221,000 £164,877,000
-
Employees
-1.9%
53 52
-
Operating profit
+75.7%
-£756,000 -£184,000
-
Profit before tax
+80%
£504,000 £907,000
-
Wages
+25.2%
£1,378,000 £1,725,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers