Diocesan Stipends Funds (Amendment) Measure 2023

2023 No. 1

A Measure passed by the General Synod of the Church of England to enable money from the income account of a diocesan stipends fund to be given to other dioceses.

Enacted [29th June 2023]

^I11 Distribution of income to other dioceses¶

After section 5A of the Diocesan Stipends Funds Measure 1953 insert—

5B Distribution 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.

^I22 Short title, commencement and extent¶

1 This Measure may be cited as the Diocesan Stipends Funds (Amendment) Measure 2023.

2 This Measure comes into force on the day on which it is passed.

3 This Measure extends to the provinces of Canterbury and York, except for the Channel Islands and the Isle of Man.

Footnotes

I1
S. 1 in force at Royal Assent, see s. 2(2)
I2
S. 2 in force at Royal Assent, see s. 2(2)