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Diocesan Finance, Common Fund and Accounts
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 in the Diocese of London
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 Capital Vision;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.
Parish Finance Support
Parish finance support materials are to help increase the financial effectiveness of our parishes - each a charity in its own right.
The materials have been selected as the best and/or most needed resources from within the Diocese and from other third party sources. The list will grow over time.
Visit the Parish Finance Support section for more information.
The Bishop of London's Mission Fund
Since 2004, the Bishop of London's Mission Fund (BLMF) has supported mission work throughout the Diocese, aimed at reaching "beyond the walls of the church" to increase its mission work in areas of social need as well as keeping pace with the needs of the growing church in London. Almost £400,000 was awarded in 2011.