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

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.

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)

Total income
£11.6m
Total spending
£10.5m
Cost of raising funds
£447k
Reserves (reported)
£1.3m
Employees
44

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).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Lincolnshire · North East Lincolnshire · North Lincolnshire

Income and spending

Financial year endIncomeSpending
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?

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).

FunderDateAmountPurpose
UK government01/04/2023£13kLincoln Diocese Historic Churches Support officer Post
UK government01/04/2022£21kLincoln Diocese Historic Churches Support officer Post
The National Lottery Community Fund23/03/2022£692Jubilee Celebration Sunday
UK government01/04/2021£33kLincoln Diocese Historic Churches Support officer Post
The National Lottery Heritage Fund25/02/2020£72k"Regenerating the late anglo-saxon church at Great Hale"
The National Lottery Community Fund23/10/2019£9kFamily Shape Up
The National Lottery Heritage Fund21/03/2019£80k"POW:II - Building capacity in the rural parish church in Lincolnshire"
The National Lottery Heritage Fund22/08/2017£10k"A Future for St Wilfrid's Church, Alford"
The National Lottery Heritage Fund18/05/2017£10k"The Vision for the Medieval Masterpiece"
The National Lottery Heritage Fund07/09/2016£208k"St Mary Sutterton Repair and reordering"
The National Lottery Community Fund20/04/2016£87kReaching Riddings
The National Lottery Heritage Fund10/06/2014£198k"The restoration of St Vincent's Church Caythorpe, Lincolnshire widening accessibility through major repairs, improved facilities and interpr"
The National Lottery Heritage Fund18/04/2012£8k"Green Reflections"
The National Lottery Heritage Fund08/11/2006£10k"Renovation and Automation of Church clock together with a history of our rural heritage in Snitterby"
The National Lottery Heritage Fund13/07/2005£16k"Claxby Church Organ Restoration Project"
The National Lottery Heritage Fund19/03/2002£39k"Lincolnshire Church Tourism Cascade Project"

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

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

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE LINCOLN DIOCESAN TRUST AND BOARD OF FINANCE LTD£11.1m——below—no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF LINCOLN ST SWITHIN FY2025£268k—0unclear—no doubt
THE DERBY DIOCESAN BOARD OF FINANCE LIMITED FY2025£11.0m——unclear—no doubt
THE PARTNERSHIP TRUST FY2025£206kUnder £60,0000within—no doubt
THE DURHAM DIOCESAN BOARD OF FINANCE FY2025£12.5m£90,001 - £100,000—within—no doubt
THE LICHFIELD DIOCESAN BOARD OF FINANCE (INCORPORATED) FY2024£17.0m——unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.