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/ 29 November 2016

London Diocesan Fund budget for 2017 and five-year plans for 2017-2021

Now that the London Diocesan Fund budget for 2017 has been approved we wanted to share with you some of the key elements of the budget and our plans for the next five years.

As a result of generous pledges from parishes, coupled with the vital work of our Property Department in generating additional income and releasing capital to reinvest, we have a balanced General Fund budget and the ability to put some resources behind our strategic initiatives.

We are very grateful for the Common Fund pledges you have made as they make up over 70% of our General Fund income.

We will continue to take our Capital Vision 2020 strategy forward, which includes substantial investment in a new youth strategy, and we will be raising additional funds to support these activities through the launch of The Richard Chartres Fund for London.

Our Capital Strategy sets out how we plan to release capital sums from parsonage and other developments over the coming five years, and how we will be reinvesting a high proportion of these funds in installing double glazing in vicarages (as part of the quinquennial and in-going works programmes) and establishing some new churches in major development areas.

We believe these budgets will fuel some exciting plans which – by the grace of God – will enable us to support the mission and growth of the church in London, both in 2017 and in the years ahead, through:

  • Investing in the well-being of our clergy and chaplains
  • Developing existing and new services to support our clergy and parishes well
  • Taking forward Capital Vision 2020
  • Investing in establishing a Christian presence in London’s major new development areas
  • Smoothly managing the transition to a new Bishop of London
  • Implementing proposals from the Renewal and Reform review (undertaken by National Church).

If you would like to understand more about our plans please download the document from the foot of this page.

We are blessed with talented people across the Diocese, an inspiring strategy in Capital Vision 2020 and some resources to invest – but we are reminded that this is God’s work. So we pray that God will take our plans and use them and shape them as he sees fit, and for his glory.

Resources

FileAction
LDF budget and 5 year plan 2017-2021 commentary  Download  

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About Richard Gough

Richard Gough is General Secretary of London Diocesan Fund. He has extensive experience of working with Christian charities, having been the Finance and Trading Director of Tearfund for over 10 years, as well as the Chair of Trustees of Stewardship.

Read more from Richard Gough

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