THE LINCOLN DIOCESAN TRUST AND BOARD OF FINANCE LTD
Latest income
£11.1m
Latest spending
£10.5m
Registered
1966
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operating deficit on its general fund of £2.5m for the year ended 31 December 2024, consistent with the previous year. Per the trustees' report, unrestricted free reserves of £1.3m remain below the stated policy target of £3.0m, a shortfall the trustees acknowledge is insufficient to cover ministry costs without utilizing total return from endowment funds.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy
“Free reserves on 31 December 2024, show a positive balance of £1.3m which remains short of the £3.0m. The Trustees recognise that the current balance is not sufficient”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Archbishop's Council to which LDTBF currently pays a donation based on an apportionment system for funding national training of ordinands and the activities of the various national boards and councils, as well as General Synod.
“Other related parties include The Archbishop's Council to which LDTBF currently pays a donation based on an apportionment system for funding national training of ordinands and the activities of the various national boards and councils, as well as General Synod.”
“The Church Commissioners from which the LDTBF receives grants, and which acts on behalf of clergy with HM Revenue and Customs. The LDTBF pays for clergy stipends through the Church Commissioners.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Church Commissioners from which the LDTBF receives grants, and which acts on behalf of clergy with HM Revenue and Customs. The LDTBF pays for clergy stipends through the Church Commissioners.
“Other related parties include The Archbishop's Council to which LDTBF currently pays a donation based on an apportionment system for funding national training of ordinands and the activities of the various national boards and councils, as well as General Synod.”
“The Church Commissioners from which the LDTBF receives grants, and which acts on behalf of clergy with HM Revenue and Customs. The LDTBF pays for clergy stipends through the Church Commissioners.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Church of England Pensions Board, to which the LDTBF pays retirement benefit contributions for stipendiary clergy.
“Other related parties include The Archbishop's Council to which LDTBF currently pays a donation based on an apportionment system for funding national training of ordinands and the activities of the various national boards and councils, as well as General Synod.”
“The Church Commissioners from which the LDTBF receives grants, and which acts on behalf of clergy with HM Revenue and Customs. The LDTBF pays for clergy stipends through the Church Commissioners.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Edenham Regional House, a separate charity, where LDTBF uses facilities at commercial rates.
“Other related parties include The Archbishop's Council to which LDTBF currently pays a donation based on an apportionment system for funding national training of ordinands and the activities of the various national boards and councils, as well as General Synod.”
“The Church Commissioners from which the LDTBF receives grants, and which acts on behalf of clergy with HM Revenue and Customs. The LDTBF pays for clergy stipends through the Church Commissioners.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£11.6m
Total spending
£10.5m
Cost of raising funds
£447k
Reserves (reported)
£1.3m
Employees
44
Trustees
- Alison Mary Warrick
- David Cowell
- David Thomas Wright
- James Drinnan Thom Tannock
- Nigel Bacon
- PAUL DAVID BREWSTER
- Paul Davie
- Philip David Day
- RUTH BREWIN
- Rev Julie Donn
- Rev Pauline Dahlia Cummins
- Rev Rachel Heskins
- Revd Canon Dr Martyn Andrew Nicholas Taylor
- Rt Revd Jean Ann Burgess
- Simon Matthew Jones
- Susan Barbara Elizabeth Watt
- The Revd Canon Sudharshan Sarvananthan
- The Rt Revd Dr Nicholas Alan Chamberlain
- The Rt Revd Stephen David Conway
- The Ven Eleanor Elizabeth Mary Robertshaw
- The Ven Gavin John Kirk
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £11.1m | £10.5m |
| 31/12/2023 | £11.7m | £9.6m |
| 31/12/2022 | £10.9m | £10.8m |
| 31/12/2021 | £10.5m | £10.8m |
| 31/12/2020 | £9.2m | £12.0m |
Common questions
Is THE LINCOLN DIOCESAN TRUST AND BOARD OF FINANCE LTD financially healthy?
The accounts state that the charity reported an operating deficit on its general fund of £2.5m for the year ended 31 December 2024, consistent with the previous year. Per the trustees' report, unrestricted free reserves of £1.3m remain below the stated policy target of £3.0m, a shortfall the trustees acknowledge is insufficient to cover ministry costs without utilizing total return from endowment funds. Its FY2024 accounts were audited by HaysMac.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 25/02/2020 | £72k | "Regenerating the late anglo-saxon church at Great Hale" |
| The National Lottery Heritage Fund | 21/03/2019 | £80k | "POW:II - Building capacity in the rural parish church in Lincolnshire" |
| The National Lottery Heritage Fund | 22/08/2017 | £10k | "A Future for St Wilfrid's Church, Alford" |
| The National Lottery Heritage Fund | 18/05/2017 | £10k | "The Vision for the Medieval Masterpiece" |
| The National Lottery Heritage Fund | 07/09/2016 | £208k | "St Mary Sutterton Repair and reordering" |
| The National Lottery Heritage Fund | 10/06/2014 | £198k | "The restoration of St Vincent's Church Caythorpe, Lincolnshire widening accessibility through major repairs, improved facilities and interpr" |
| The National Lottery Heritage Fund | 18/04/2012 | £8k | "Green Reflections" |
| The National Lottery Heritage Fund | 08/11/2006 | £10k | "Renovation and Automation of Church clock together with a history of our rural heritage in Snitterby" |
| The National Lottery Heritage Fund | 13/07/2005 | £16k | "Claxby Church Organ Restoration Project" |
| The National Lottery Heritage Fund | 19/03/2002 | £39k | "Lincolnshire Church Tourism Cascade Project" |