Diocesan Stipends Funds Measure 1953
1953 No.2
A Measure passed by the National Assembly of the Church of England. To make further provision in relation to diocesan stipends funds established by the Reorganisation Areas Measure, 1944, and the Pastoral Reorganisation Measure, 1949, and for that purpose to amend those Measures and for purposes connected therewith.
1F1 Capital and income accounts of diocesan stipends funds.
The diocesan board of finance of each diocese shall keep two accounts for the diocesan stipends fund, namely, a capital account and income account.
2 Moneys to be allocated to capital and income accounts.
a
allocate to the capital account of F4the diocesan stipends fund—
F5i
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ii
any legacy not expressly directed or declared to be applicable as income and any donation or other contribution expressly directed or declared to be applicable as capital which may from time to time be received for the credit of or be allocated to that fund under the provisions of F6a pastoral scheme made under the Pastoral Measure 1983 or any other scheme having effect as if it were such a scheme; and
iii
any other money or property received for the credit of that fund which the F7diocesan board of finance after consultation with the bishop may determine to be of a capital nature; and
b
allocate to the income account of F10the diocesan stipends fund—
F11i
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ii
any legacy expressly directed or declared to be applicable as income and any donation or other contribution not expressly directed or declared to be applicable as capital which may from time to time be received for the credit of or be allocated to that fund under the provisions of F12a pastoral scheme made under the Pastoral Measure 1983 or any other scheme having effect as if it were such a scheme;
iii
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F13
F11iv
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
v
any other money or property received for the credit of that fund which the F14diocesan board of finance after consultation with the bishop may determine to be applicable as income.
F153. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
C1F164
1
Subject to any charges imposed on the capital of the diocesan stipends fund of a diocese by any enactment or any scheme or order made under any enactment, moneys standing to the credit of the capital account of that fund may, at the discretion of the F17diocesan board of finance with the concurrence of the bishop, be applied for any or all of the following purposes:—
F31a
the acquisition of any land to be held as diocesan glebe land of the diocese by the board or F36a management subsidiary within the meaning of the Church Property Measure 2018 or investment in any such subsidiary;
F32 aa
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b
the development or improvement of any such land and the safeguarding of the amenities thereof;
F18ba
participation in any collective investment scheme operated for the purposes of this paragraph by the Commissioners;
bb
investment in any investments fund or deposit fund constituted under the Church Funds Investment Measure 1958;
F19bc
investment in any investments in which trustees may invest under the general power of investment in section 3 of the Trustee Act 2000 (as restricted by sections 4 and 5 of that Act);
c
the discharge of any expense of a capital nature levied under any enactment and payable by the diocesan board of finance as the person for the time being entitled to the interest in any such land by reference to which the expense was levied;
d
the discharge of any principal or interest owing in respect of any loan made in respect of any such land; and
F20dd
the provision or improvement of parsonage houses;
e
the discharge of any principal or interest owing in respect of any loan made to the board by the Commissioners under F37section 10(2) or 24 of the Church Property Measure 2018.
F351A
The proceeds of, or the capital moneys arising from, a sale, exchange or other dealing with investments or deposits made by the diocesan board of finance under subsection (1) less the costs, charges and expenses directly attributable to the transaction in question shall be allocated to the capital account of the diocesan stipends fund.
1B
All dividends or other payments in the nature of income received by the diocesan board of finance in respect of the investment or deposit of any moneys standing to the credit of the capital account of the fund shall be allocated to the income account of the fund.
2
In this section “development”, in relation to a building, includes the division or demolition thereof and “diocesan glebe land” has the same meaning as in F38the Church Property Measure 2018.
C2F215
1
Subject to any charges imposed on the income of the diocesan stipends fund of a diocese by any enactment or any scheme or order made thereunder, moneys standing to the credit of the income account of that fund shall be applied—
a
in providing or augmenting the stipends or other emoluments of incumbents, assistant curates licensed under seal and other persons who are declared by the bishop to be engaged in the cure of souls within the diocese;
F22aa
in meeting expenses incurred in repairing and maintaining parsonage houses; and
F23ab
in paying secondary Class 1 contributions under section 6 of the Social Security Contributions and Benefits Act 1992 in respect of ministers of the Church of England who are not employed under a contract of service; and
b
in defraying the expenses incurred by the sequestrators of any benefice in the diocese in the discharge of their functions.
2
The said moneys shall be so applied in accordance with directions from time to time given, with the concurrence of the Diocesan Board of Finance, by the bishop or a person duly authorised for that purpose by him.
F333
Before giving any directions under subsection (2) above with respect to the application of the said moneys in providing or augmenting the stipends or other emoluments of the persons mentioned in subsection (1) above, the bishop or the person so authorised shall have regard to any recommendations made by the Central Stipends Authority with respect to the forms and levels of the stipends and other emoluments of those persons.
4
Subject to subsection (3) above, the bishop or the person so authorised shall, in determining the directions to be given under subsection (2) above, have regard to any advice given by the F24Archbishops’ Council with respect to the application of the said moneys.
5AF34Total return investment
1
Nothing in this Measure prevents or restricts the diocesan board of finance from making a resolution under section 104A of the Charities Act 2011 in relation to the capital account of the diocesan stipends fund.
2
Where the board makes a resolution under that section in relation to that account, the decisions which it may take about the allocation of the unapplied total return from the account (regardless of when it arose) are decisions as to its allocation between the capital account and the income account.
3
In their application to the capital account of a diocesan stipends fund, the regulations under section 104B of the Charities Act 2011 have effect with such modifications as are necessary in light of this section.
5BF40Distribution of income to other dioceses
1
Money standing to the credit of the income account of the diocesan stipends fund of a diocese, and which the diocesan board of finance is satisfied does not need to be applied for a purpose specified in section 5(1), may be applied in accordance with this section.
2
The diocesan board of finance may transfer the money concerned—
a
to the income account of the diocesan stipends fund of another diocese, or
b
to the account held for the purposes of this section by the Archbishops’ Council or by another charity (whether established before or after the passing of this Measure).
3
Where money is transferred under subsection (2)(b), the charity, having decided to which diocese or dioceses to give the money, must—
a
if it decides to give the money to one diocese only, transfer it to the income account of the diocesan stipends fund of that diocese;
b
if it decides to give separate portions of the money to different dioceses, transfer each portion to the income account of the diocesan stipends fund of the diocese concerned.
6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F25
F307 Accounts.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 Interpretation.
1
In this Measure the following expressions have the meanings hereby respectively assigned to them:—
“the appointed day” means the first day of April next following the passing of this Measure.
“the Measure of 1944” means the Reorganisation Areas Measure 1944.
“the Measure of 1949” means the Pastoral Reorganisation Measure 1949.
“the bishop” means the bishop for the time being of the diocese concerned . . . F26
“the diocesan board of finance” means the diocesan board of finance of the diocese concerned.
F27“parsonage house” has the same meaning as in F39the Church Property Measure 2018.
2
In paragraph (c) of sub-section (1) of section seventeen of the Measure of 1944 and in sub-section (7) of section five and sub-section (4) of section twelve of the Measure of 1949 and in this Measure the expression “year” means a period of twelve months beginning on the first day of April in any year and ending on the thirty-first day of March in the year following.
9 Provisions as to diocesan boards of finance not regularly constituted.
1
Where in any diocese there is a board of finance which, though not duly constituted in accordance with the provisions of the M1Diocesan Boards of Finance Measure 1925 is recognised for the purpose of this Measure as being the diocesan board of finance, the provisions of this Measure shall apply in relation to that diocese as if the said board had been duly constituted.
2
In this section the expression “recognised” means recognised by a certificate signed by the bishop and registered in the diocesan registry.
F2810 Repeals.
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11 Short title and commencement.
1
This Measure may be cited as the Diocesan Stipends Funds Measure 1953.
F292
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Measure wholly in force at 1.4.1953 see ss. 11(2), 8(1).