THE LONDON DIOCESAN FUND
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
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
- 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
- The Venerable Richard Stephen Frank
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?
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 PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. AUGUSTINE'S OF CANTERBURY, WHITTON, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MICHAEL AND ST GEORGE, FULWELL, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. STEPHEN WITH ST. LUKE, PADDINGTON, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ALL SAINTS, MARGARET STREET, LONDON W1.
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" |
| 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" |
| 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" |