ST.ASAPH DIOCESAN BOARD OF FINANCE(THE)

• ◆

  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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Sage & Company Business Advisors Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.”

Significant events

• “During 2024, the Board continued to focus on strategies and plans for Growth across the diocese, alongside Bishop Gregory and the Diocesan Standing Committee. Two bids from the diocese were submitted to the Church Growth Fund and were successful in attracting funding - Mission Hub Churches, building on the success of our current Hub Churches, and Pioneer Missioners to work in our rural Mission Areas. The foundations were laid in 2024 for these projects to commence and start drawing down funds in 2025.”
• “After the value of investments were stable 2023, we were pleased to see the markets improving in 2024, with the high interest rates in the early part of the year proving beneficial to our investments.”
• “In 2024, we had budgeted for a deficit of £272k in general funds as part of a 5-year Financial Plan to deliver a balanced budget. The final reported deficit on operations is £23,123 in general funds. This is chiefly as a result of reduced stipend costs of stipendiary clergy as the Diocese saw challenges in filling vacant positions through 2024.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  +7.6%

  £5,657,260 → £6,089,425

• Cash

  -8.9%

  £1,589,327 → £1,447,909

• Net assets

  +5.7%

  £9,875,505 → £10,440,081

• Employees

  0%

  15 → 15

• Profit before tax

  +242.3%

  -£266,768 → £379,509

• Wages

  +8.1%

  £403,692 → £436,440

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