The Diocese of London's finances are mainly managed through the London Diocesan Fund, a company limited by guarantee and a charity. Most of the Fund's income is provided by Common Fund. The Fund's expenditure is mainly for the payment of stipends of clergy in the Diocese, their housing and other support.
Common Fund is money given by congregations in every parish in the Diocese of London.
It is collected from rich and poor parishes, to provide and support clergy, and to further our work in every parish, across London. That is why our contributions are called the “Common Fund”; they are made by everyone, for everyone. Generous giving by congregations enables the Diocese to respond to the London Challenge; to maintain ministry and enable mission in all parts of the Diocese of London.
A guide to Common Fund has been prepared by the Diocese's finance team. Common Fund is used to support mission and ministry across London. A typical cost for a parish with one vicar and one house is approximately £60,000 in 2008. A detailed breakdown of this cost is available.
A summary of the diocesan budget for 2007 and the outlook for 2008 and 2009 has been prepared.
The London Diocesan Fund includes the Bishop of London’s Fund & Associated Organisations. London Diocesan Fund is a Company Limited by Guarantee. Registered in England. Company Registration Number 150856. Charity Registration Number 241083. Registered Office: London Diocesan House, 36 Causton Street, London SW1P 4AU. VAT Registration Number 444 0847 52.