THE LINCOLN DIOCESAN TRUST AND BOARD OF FINANCE LTD
Registered charity 249355 · accounts filings on the Charity Commission register
The objectives of the Trust can be summarised as being to support the development of a growing, worshipping, celebrating, proclaiming Christian presence in each community of the Diocese and to support projects and enterprises consonant with that purpose.
Causes: General Charitable Purposes · Religious Activities · website · Get email alerts
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.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy (held: £1.3m; policy: three months gross expenditure from unrestricted funds estimated at £3.0m)
“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.
Accounts audited by HaysMac. Discloses 4 of 6 completeness components.
Property (HM Land Registry)
632 registered titles in England and Wales held by the charity’s company or corporate body (623 freehold); recorded price paid £5.0m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Structured financials (annual return, FY ending 31/12/2024)
Cost of raising funds
£447k
Reported reserves equal ~1.5 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).
Per its annual return, largest income source: Donations and legacies (50% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 3.8% of total income — above the median for charities its size (3.8%) (benchmarks).
Trustee list from the Charity Commission register (current, not historical).
Operates in: Lincolnshire · North East Lincolnshire · North Lincolnshire
Income and spending
Common questions
Is THE LINCOLN DIOCESAN TRUST AND BOARD OF FINANCE LTD financially healthy?
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. Its FY2024 accounts were audited by HaysMac.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
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Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LINCOLN ST SWITHIN.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.