SOUTH LONDON CHURCH FUND & SOUTHWARK DIOCESAN BOARD OF FINANCE(THE)

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

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Group structure

1. SOUTH LONDON CHURCH FUND & SOUTHWARK DIOCESAN BOARD OF FINANCE(THE) · parent
   1. Southwark DBF Trading · England · supplies property and administrative services to the SDBF

Significant events

• “In June 2024, Southwark was awarded £29m over nine years for a whole-diocese transformation programme to facilitate mission and growth projects as part of the Church of England's Diocesan Investment Programme.”
• “In 2024, the DBF finished the year with a surplus of £0.4m, following a £3m deficit in 2023 due to delayed property sales that occurred in 2024.”
• “The Diocesan Board of Finance successfully achieved an astounding 99.7% collection rate for the Parish Support Fund in 2024.”
• “The diocese committed to divest from investment in fossil fuels, an outcome to be fully achieved by early 2025, appointing new fund managers by the end of 2024.”
• “In 2024, the Church Buildings and Diocesan Advisory Committee (DAC) Team was awarded £144,000 over two years from the Minor Repairs and Improvements Grants Fund, offering small grants to 18 parishes.”
• “During 2024, the Safeguarding Team established and supported a dedicated Survivors Forum for Southwark and London dioceses, with work continuing into 2025.”
• “The 2024 Bishop's Lent Call raised £60,000 for projects in Israel, Zimbabwe and the UK.”

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

5

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +7.5%

  £23,771,000 → £25,544,000

• Cash

  -62.7%

  £2,715,000 → £1,012,000

• Net assets

  +4.2%

  £289,912,000 → £302,018,000

• Employees

  +18.2%

  66 → 78

• Operating profit

  +12.7%

  -£2,994,000 → -£2,615,000

• Profit before tax

  +21%

  -£2,867,000 → -£2,264,000

• Wages

  +3.9%

  £2,876,000 → £2,988,000

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