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The Diocesan Board of Finance (DBF) is the trustee body responsible for stewarding the financial and physical resources of the Diocese of Monmouth. It exists to support the mission and ministry of the Church in Wales across our communities—faithfully, transparently, and in line with our diocesan values of love, generosity, joy, humility, courage, and integrity.Our PurposeThe DBF ensures that the diocese has the resources it needs to flourish. This includes:Funding ministry and mission across our Ministry AreasManaging charitable assets and propertyOverseeing diocesan finances and riskSupporting clergy and lay leaders through sustainable budgetingWe believe that good governance is part of our Christian witness. The DBF works collaboratively and prayerfully to make decisions that reflect our shared commitment to service, accountability, and care for one another.How the DBF WorksThe DBF is made up of two parts: the full Board and the Executive Committee.The BoardMeet annually at the Annual General Meeting (AGM)Receives the audited accountsElects the Chair, Vice Chair, and members of the Executive CommitteeIncludes two lay representatives elected by each Ministry AreaMinistry Area Leaders serve ex officioThe Executive CommitteeThe Executive Committee acts as the board of directors and charity trustees. It meets at least four times a year and is responsible for the day-to-day governance of the DBF.Members include:The Bishop of MonmouthThe DeanThe ArchdeaconsThe Chair of the Parsonage BoardThe Diocesan RegistrarThe Chair and Vice Chair of the DBFAdditional members elected by the BoardThe Committee is currently chaired by Ian Loynd, a layperson with a strong commitment to the life of the diocese.Financial Oversight and StewardshipThe Executive Committee:Receives quarterly management accounts from the Diocesan AccountantPrepares the annual budget each SeptemberAgrees the Ministry Share Scheme, ensuring that all Ministry Areas contribute fairly to sustain clergy and ministryMaintains a regularly reviewed risk registerProduces the Annual Report and Audited Accounts, submitted to the Charity CommissionA Culture of Service and IntegrityThe DBF is more than a financial body—it is a reflection of our diocesan culture. Its work is grounded in trust, transparency, and a shared desire to see the Church thrive. Every decision is made with care for people, communities, and the Gospel we are called to live out.You can view the Monmouth Diocesan Board of Finance Annual Report and Accounts HEREFor more information contact Isabel Thompson (Diocesan Secretary) isabelthompson@cinw.org.uk