Board of Finance
The Diocesan Board of Finance has a Custodian Trustee role for many ecclesiastical trusts. These can be PCC and Incumbent and Churchwardens’ Trusts which include both financial and property Trusts.
Board of Education
The Diocesan Board of Education administers those educational trusts for which it is custodian trustee. This includes the Bishop Wordsworth Educational Trust. More information about educational trusts can be found here.
Ecclesiastical trusts and parish property
The diocese has around 800 ecclesiastical trusts and parish properties held by (or vested in) the Diocesan Board of Finance as Custodian Trustee.
For the great majority, the PCC, or the Incumbent and Churchwardens of the parish concerned, are the managing trustees and they are responsible for day-to-day management of trust affairs and property. When any legal transactions are planned, the Diocesan Board of Finance must give its consent; please contact the Trust and Property Registration Officer to discuss this process. This step is required to ensure that the trust deed, the PCC (Powers) Measure 1921 and 1956 or Incumbent and Churchwardens (Trusts) Measure 1964 and the requirements of the Charities Act 2011 are all considered.
For further information on selling or buying PCC property download this document.
Non-ecclesiastical parish trusts
In some parishes the Incumbent and Churchwardens are trustees of secular trusts or charities set up before 1894, which is when Parish Councils were established.
These charities often have a very small amount of capital that was intended to provide income for the relief of poverty (e.g. coal and blankets to elderly parishioners at Christmas).
The Charity Commission will usually take a pragmatic view if the trustees make a well-considered proposal to wind up the charity by transferring its funds to another charity with similar objects or spending the capital on a modern equivalent of the original objects.
These charities are not ecclesiastical and need not be included in the PCC Annual Report and Accounts.
Incumbents and Churchwardens who are ex-officio trustees of non-ecclesiastical charities can obtain informal advice from the Diocesan Board of Finance Trust Officer.
Contact the Property and Trusts Team
Elizabeth (Liz) Wallis
Trust and Property Registration Officer