LINCOLN DIOCESAN TRUST AND BOARD OF FINANCE LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

HaysMac

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having reviewed the funding facilities available to the charity together with future projected cash flows, the trustees have an expectation that the charity has adequate resources to continue its activities for the foreseeable future. Trustees are aware of the longer-term sustainability of the Diocese and are putting in place measures to ensure that there is a long term financial and operational strategy in place to support the organisation in the future. They do consider that there were no material uncertainties over the charity's financial viability at the date of signing the accounts. Accordingly, they also continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “In January 2024, Rachel McLafferty joined the Diocese as Strategic Programme Manager, overseeing the implementation of strategic initiatives.”
• “In February 2024, ordained ministers from across the Diocese gathered at Swanwick Conference Centre to explore the theology, practicalities, and principles of collaboration.”
• “In 2024 an extended gardening offer was offered to clergy which has been positively welcomed.”
• “Following the appointment of a Diocesan Children's, Youth, and Families Enabler, Deanery Partnership Enablers were recruited.”
• “Lynne Smith was appointed as Warden of Lay Ministry to support Lay Ministry in the Diocese.”
• “The Diocese led its first course in Focal Ministry, with commissioned ministers set to take on their roles in January 2025.”
• “The Diocese received national funding to support its commitment to achieving Carbon Net Zero by 2030. A Net Zero Programme Manager and Net Zero Enabler were appointed.”
• “The Diocese of Lincoln underwent the National Safeguarding Audit Programme, carried out by INEQE, with the report due in early March 2025.”
• “Sixteen houses were sold in 2024, raising around £5.24m.”
• “£2.02m in glebe sales in 2024 from the sale of land holdings at Scotter and North Killingholme.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -8.4%

  £9,219,000 → £8,444,000

• Cash

  -12.2%

  £14,070,000 → £12,360,000

• Net assets

  +4.9%

  £183,029,000 → £191,953,000

• Employees

  +4.8%

  42 → 44

• Operating profit

  -1,631.1%

  -£90,000 → -£1,558,000

• Profit before tax

  -69%

  £3,888,000 → £1,206,000

• Wages

  +18.8%

  £1,458,000 → £1,732,000

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