THE CHICHESTER DIOCESAN FUND AND BOARD OF FINANCE (INCORPORATED)

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 LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Whilst a general fund deficit is budgeted for 2025, progress has been made on reducing the levels of deficit budgets and the trustees do not consider that 2025 or beyond would give rise to any inability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due especially given that the charity has sufficient liquid assets, including short term cash deposits and investments, which could be readily realised to meet liabilities should there be an unexpected curtailment of income. Further, the trustees consider that there are no material uncertainties over the charity's financial viability. Accordingly the trustees have assessed that the use of the going concern assumption is appropriate in preparing these financial statements.”

Group structure

1. THE CHICHESTER DIOCESAN FUND AND BOARD OF FINANCE (INCORPORATED) · parent
   1. The Diocese of Chichester Academy Trust (DCAT)
   2. Bishop Otter Academy Trust (BOAT)
   3. Hurst Education Trust (HE)
   4. Bishop Luffa Learning Partnership (BLLP)
   5. South Downs Education Trust (SDET)
   6. Bohunt Education Trust (BET)
   7. St Lawrence CE Primary School, Hurstpierpoint
   8. Tenax Education Trust

Significant events

• “The CDBF continues to nurture vocations to identify the next generation of ministers, and provides training to those at all stages of their ministry.”
• “The Diocesan Synod launched a five year Diocesan Strategy with three priorities in May 2015, and a second stage of the Diocesan Vision for Growth was launched at the end of 2019, identifying four priorities for 2020-2025.”
• “During the year the CDBF paid £8.84m (2023: £8.83m) in stipend, NI and pension for stipendiary clergy, and completed 48 quinquennial works projects on clergy housing.”
• “The CDBF acts as custodian trustee for almost 500 parish and chancel trusts, and 65 school trusts, totaling £22.9m (2023: £23.5m).”
• “The Parish Giving Scheme continues to provide an effective mechanism to manage regular giving, with 302 parishes (87%) signed up.”
• “Five parishes took part in the Great is thy Faithfulness programme to support church growth.”
• “Church building projects were facilitated through processing 172 List B applications and providing advice for 99 faculty applications and 41 Minor Works.”
• “Four Mission and Pastoral schemes were completed, with a further 14 being progressed.”
• “£106,482 was allocated in 34 grants through Minor Repairs and Improvements and Quick Wins schemes.”
• “Tailored fundraising advice was offered to 74 parishes, leading to over £700,000 in grant funding.”
• “A programme of training events on church buildings was delivered, attended by approximately 275 churchwardens and clergy.”
• “The Education team supported recruitment of 101 Foundation Governors across 155 schools.”
• “The team administered £1.8 million in SCA funding to ensure schools are safe, warm, dry and remain open.”
• “Successful in securing £534,000 in PSDS funding to replace oil-fuelled boilers in three Voluntary Aided Schools.”
• “The safeguarding team transferred over 900 safeguarding case records to the new National Safeguarding Case Management System.”
• “An independent safeguarding audit by INEQE Safeguarding Group was positive about policy and practice in the Diocese.”
• “2025 marks the 950th anniversary of the formation of the Diocese of Chichester and Chichester Cathedral, and 1,700 years since the Nicene Creed emerged, with a range of events planned.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +3.7%

  £21,263,000 → £22,057,000

• Cash

  -12.4%

  £6,372,000 → £5,582,000

• Net assets

  +2.9%

  £327,943,000 → £337,418,000

• Employees

  +3.3%

  61 → 63

• Operating profit

  +216.5%

  -£794,000 → £925,000

• Wages

  +7.5%

  £2,154,000 → £2,315,000

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