THE LONDON DIOCESAN FUND
The principal activity of the London Diocesan Fund is to serve and support the parishes and people within the Diocese of London in their mission of proclaiming the gospel of Jesus Christ. It does this operationally through the payment and housing of parish clergy and chaplaincies and support to their ministry.
Objects
TO PROMOTE AND ASSIST THE WORK AND OBJECTS OF THE CHURCH OF ENGLAND FOR THE ADVANCEMENT OF THE CHRISTIAN RELIGION IN THE DIOCESE OF LONDON.
- THE LONDON CLERGY HOLIDAY FUND (charity 250236) — merger registered 18/11/2024
- CAPITAL MASS (charity 1159501) — merger registered 01/10/2021
Financial health, per its FY2025 accounts
The accounts state that the charity reported an operating deficit of £7.8m for the year ended 31 December 2025, an increase from £4.2m in the prior year, driven by total expenditure rising to £54.8m against income of £47.0m. Despite this structural deficit, the charity holds net assets of £520.3m, with unrestricted general reserves of £5.4m, which the trustees consider appropriate given ongoing economic uncertainty. The trustees have indicated that a new financial plan will be developed in 2026 to address the structural deficit and ensure long-term sustainability.
What the accounts disclose
“The policy from July 2020 is to hold General Fund reserves of c.£5.1m, which was calculated by reference to the expected deficits and the need for greater resilience over the next few years.”
“In 2024 the LDF paid £198,874 (2024: £503,088) in grants to CCX towards the operational cost of LDF Vision2030 programmes. There was £70,000 balance outstanding at year end.” — page 61
“In the year ending 31 December 2025, two family members of the Trustees received a total of £67,000 as stipends and another two family members received a total of £78,000 in remuneration as officers of the LDF. There was also a family member who invoiced £1,850 for the services rendered as a consultant in one of the restricted programmes.” — page 62
“In 2024 the LDF paid £198,874 (2024: £503,088) in grants to CCX towards the operational cost of LDF Vision2030 programmes. There was £70,000 balance outstanding at year end.” — page 61
“In the year ending 31 December 2025, two family members of the Trustees received a total of £67,000 as stipends and another two family members received a total of £78,000 in remuneration as officers of the LDF. There was also a family member who invoiced £1,850 for the services rendered as a consultant in one of the restricted programmes.” — page 62
“In 2024 the LDF paid £198,874 (2024: £503,088) in grants to CCX towards the operational cost of LDF Vision2030 programmes. There was £70,000 balance outstanding at year end.” — page 61
“In the year ending 31 December 2025, two family members of the Trustees received a total of £67,000 as stipends and another two family members received a total of £78,000 in remuneration as officers of the LDF. There was also a family member who invoiced £1,850 for the services rendered as a consultant in one of the restricted programmes.” — page 62
“In 2024 the LDF paid £198,874 (2024: £503,088) in grants to CCX towards the operational cost of LDF Vision2030 programmes. There was £70,000 balance outstanding at year end.” — page 61
“In the year ending 31 December 2025, two family members of the Trustees received a total of £67,000 as stipends and another two family members received a total of £78,000 in remuneration as officers of the LDF. There was also a family member who invoiced £1,850 for the services rendered as a consultant in one of the restricted programmes.” — page 62
“The LDF owns 100% of the issued share capital of a subsidiary undertaking, Causton Street Farms Limited (registered company number 2768104). The company has been dormant since 1 January 2005.” — page 59
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 5
- Employees paid over £60,000: 24 (£60,001–£70,000: 13; £70,001–£80,000: 4; £80,001–£90,000: 2; £90,001–£100,000: 1; £100,001–£110,000: 2; £110,001–£120,000: 1; £130,001–£140,000: 1)
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 5
- Employees paid over £60,000: 15 (£60,001–£70,000: 3; £70,001–£80,000: 5; £80,001–£90,000: 3; £90,001–£100,000: 1; £100,001–£110,000: 1; £110,001–£120,000: 1; £120,001–£130,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 5
- Employees paid over £60,000: 8 (£60,001–£70,000: 2; £70,001–£80,000: 4; £90,001–£100,000: 2)
- Has a trading subsidiary
Property (HM Land Registry)
Advertised salaries (public job ads)
- Director of Safeguarding — £100,786 per year
- Ministry Team Area Administrator — £12,987 (FTE £32,469)
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (18/06/2025)
- Received assets from another charity (14/11/2024)
Trustees
- Rt Revd Dr Emma Gwynneth Inesonchair
- ARCHDEACON OF LONDON
- Ademola Adebajo
- Archdeacon of Hampstead
- BISHOP OF FULHAM
- Brian William O'Donoghue
- CLIVE RICHARD SCOWEN
- DAVID CHARLES JOHN BANKS
- Dr CHRISTOPHER ROY MASON WARD
- Dr Duncan McAndrew
- Dr PHILLIP RICE
- Elizabeth Anne Curran
- JOSILE WENUS ALEXANDRA MUNRO
- JULIAN MARK ROBERT DESBOROUGH
- Jacqueline Driver
- Jonathan Edward Bayliss
- Jonathan Wolstenholme
- MRS S TETT
- Mervyn Ivor James Hogg
- Miss A Mclntyre
- Mr D Hurst
- Nathan van Sittert
- Peter Sinclair
- Prebendary Mrs Monica Constancia Bolley
- Rev Aidan Dominic Bartlett
- Rev CHRISTOPHER TRUNDLE
- Rev MICHAEL ROBERT JOHN NEVILLE
- Rev Thomas Cecil William Wright
- Rev Thomas Watts
- Robin Anthony Field-Smith
- Rt Revd Lusa Nsenga-Ngoy
- Rt Revd Roderick Ernest Alexander Green
- SARAH ROSEMARY ANN FINCH
- Stephen Garside
- Susan Mary Johnson
- The Revd G Hunter
- The Revd Ian Nigel Chandler
- The Rt Revd Dr Anderson Harris Mithra Jeremiah
- The Venerable Katherine Jane Hedderly
- The Venerable Peter James Farley-Moore
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £47.0m | £54.8m |
| 31/12/2024 | £47.3m | £51.5m |
| 31/12/2023 | £49.9m | £56.6m |
| 31/12/2022 | £52.0m | £54.1m |
| 31/12/2021 | £47.8m | £49.5m |
Common questions
Is THE LONDON DIOCESAN FUND financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported an operating deficit of £7.8m for the year ended 31 December 2025, an increase from £4.2m in the prior year, driven by total expenditure rising to £54.8m against income of £47.0m. Despite this structural deficit, the charity holds net assets of £520.3m, with unrestricted general reserves of £5.4m, which the trustees consider appropriate given ongoing economic uncertainty. The trustees have indicated that a new financial plan will be developed in 2026 to address the structural deficit and ensure long-term sustainability. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
Who funds THE LONDON DIOCESAN FUND?
Funders whose own accounts filings name THE LONDON DIOCESAN FUND as a grant recipient include THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL'S EALING, THE LONDON GOOD STEWARDS TRUST, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. AUGUSTINE'S OF CANTERBURY, WHITTON, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JAMES THE LESS, WESTMINSTER, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY WITH SAINT PAUL ONSLOW SQUARE AND SAINT AUGUSTINE SOUTH KENSINGTON.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 07/02/2024 | £240k | "Square Mile Churches: towards a sustainable future" |
| City Bridge Foundation | 03/07/2023 | £3k | Grant to London Diocesan Fund |
| The National Lottery Heritage Fund | 13/06/2023 | £481k | "The Place Where We Live: Cloudesley Rejuvenated" |
| The National Lottery Heritage Fund | 13/10/2022 | £68k | "South Camden Ecclesiastical Heritage Strategic Review" |
| The National Lottery Heritage Fund | 13/04/2022 | £241k | "Wren300 - engaging with our greatest architect" |
| UK government | 01/10/2020 | £150k | Cloudesley Centre (former Holy Trinity Church) |
| The National Lottery Heritage Fund | 09/01/2019 | £47k | "The place where we live: exploring the history and people of Cloudesley Square" |
| The National Lottery Heritage Fund | 26/03/2002 | £150k | "St John's Church, Wembley" |
Funders of similar charities
Charities like this
- THE CHICHESTER DIOCESAN FUND AND BOARD OF FINANCE (INCORPORATED)
- THE LINCOLN DIOCESAN TRUST AND BOARD OF FINANCE LTD
- THE LEICESTER DIOCESAN BOARD OF FINANCE
- GUILDFORD DIOCESAN BOARD OF FINANCE
- THE DURHAM DIOCESAN BOARD OF FINANCE
- THE LONDON CITY MISSION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE LONDON DIOCESAN FUND | £47.0m | — | — | above | — | no doubt |
| THE CHICHESTER DIOCESAN FUND AND BOARD OF FINANCE (INCORPORATED) | £21.6m | — | — | within | — | no doubt |
| THE LINCOLN DIOCESAN TRUST AND BOARD OF FINANCE LTD | £11.1m | — | — | below | — | no doubt |
| THE LEICESTER DIOCESAN BOARD OF FINANCE | £10.0m | — | — | above | — | no doubt |
| GUILDFORD DIOCESAN BOARD OF FINANCE | £17.3m | — | — | below | — | no doubt |
| THE DURHAM DIOCESAN BOARD OF FINANCE | £12.5m | £90,001 - £100,000 | — | within | — | no doubt |