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.
In 2011 the typical cost for a parish with one vicar and one house is approximately £67,500.
For an explanation of how Common Fund works, visit the Common Fund page.
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.