B4

Registered Charity No: 248887; Company Registration No: 145227
Diocesan Boards of Finance Measure 1925; Companies Acts; Resolution of Diocesan Synod on 20th October 1979
Statutory Provision
Diocesan Boards of Finance Measure 1925
1 (1) Subject to the provisions of this Measure, the Diocesan Conference* of every diocese shall proceed to constitute for such diocese a Diocesan Board of Finance conforming with the provisions of this Measure.
(2) Subject to the provisions of this Measure, every Diocesan Board of Finance shall be registered as a Company under the Companies Acts, 1908 to 1917, with a Memorandum and Articles of Association containing provisions to the following effect, that is to say:
(a) empowering the Company to hold real and personal property for purposes connected with the Church of England;
(b) empowering the Company to perform, work and to transact business in connection with the Church of England and the diocese concerned and to act as a committee of the Diocesan Conference of such diocese;
(c) conferring such further powers on the Company as the Diocesan Conference of the diocese concerned may think necessary or expedient in view of the requirements of the diocese;
(d) providing that the Bishop of the diocese concerned shall ex officio be a member of the Company entitled to vote at meetings of the Company, and that the other members of the Company entitled to vote at meetings of the Company shall not exceed a specified number, not less than threefourths of whom shall be elected by the Diocesan Conference of the diocese concerned (or, if the Memorandum and Articles of Association so provide or allow, wholly or in part by the Ruri-decanal Conferences of the diocese), and the remainder of whom shall be elected, nominated or coopted in such manner as the Memorandum and Articles of Association may provide or allow, but so that:

i) not less than two thirds of the members of the Company elected by the Diocesan Conference or the Ruri-decanal Conferences as the case may be shall be members of the Diocesan Conference; and
ii) a majority of the members of the Company shall be laymen.

3. A Diocesan Board of Finance for any diocese constituted under this Measure shall in the exercise of its powers and duties comply with such directions as may from time to time be given to the Board by the Diocesan Conference.
* References to the Diocesan Conference in this measure should now be construed as references to the Diocesan Synod.

Diocesan Provision
The Diocesan Synod approved the following revised constitution for the Board on 20 October 1979:
1) The Diocesan Board of Finance shall act as a committee of the Diocesan Synod and with such powers as the Synod shall assign and shall in the exercise of its powers and duties comply with such directions as may from time to time be given to it by the Synod subject at all times to the provisions of the Memorandum and Articles of Association of the Board.
2) The Board shall consist of:

The Chairman and Vice-Chairman are elected by and from the Board at the start of the triennium.

Standing Orders of the Diocesan Synod provides:-

S.O. 107 Duties of the Diocesan Board of Finance
The Diocesan Board of Finance of the Diocese (in thesestanding orders referred to as "the Board") as constituted under the Diocesan Boards of Finance Measure 1925 shall be the financial executiveof the synod and responsible for the custody and management of the synod's funds and the employment of all persons in receipt of salaries paid directly from those funds.

S.O. 108 Preparation of annual accounts and draft budget
The board shall not later than 30 June in each year submit to the standing committee a report and accounts for the preceding financial year ended on 31 December and a draft budget for the following year. The standing committee may make to the board and the synod such recommendations thereon as it thinks fit.

S.O. 109 Presentation of annual accounts and budget
Not later than 30 November the board shall present to the synod the accounts for the preceding year and the budget for the following year as approved by the board. The budget shall provide for the expenditure required by every committee and other body responsible to the synod, subject to any reductions made by the board on grounds of
priority or financial expediency after consultation with the standing committee under standing order 108.

S.O. 110 Special votes of expenditure
If the board during any financial year either:
i) anticipates that expenditure sanctioned by the budget for that year will be inadequate because costs of authorised policies have risen or because new policies have been authorised since the budget, or
ii) is so instructed by the synod, the board shall submit at any meeting of the synod before the end of that year a supplementary budget together with recommendations as to how the additional expenditure can be met.

General Committee of the Diocesan Board of Finance
Constituted by Resolution of the Board on 21st October 1952
Terms of reference
To consider and make recommendations to the Board on all matters other than those within the terms of reference of the other committees of the Board, including general administration, finance, pensions, buildings, ecclesiastical and educational trusts; to act as appropriate for the Governing Body under all Schemes made under Section 86 of the Education Act, 1944, Section 2 of the Education Act, 1973 and Section 554 of the Education Act 1996; to deal with the management of redundant churches vested in the Board under the Pastoral Measure 1983; and to administer the Diocesan Church Schools Fund and the Consolidated Fund for Statutory Education. The committee has power to act where, for reasons of urgency, an immediate decision is essential, such actions to be subsequently reported to the
Board.
Constitution
Ex-Officio: The Archdeacons
The Chairman of the Board (who shall be Chairman of the Committee)
The Vice-Chairman of the Board
The Chairman of the Property Committee
The Chairman of the Glebe Committee
Appointed: Eight members by and from the Board of Finance.

Property Committee of the Diocesan Board of Finance
Statutory Provision: The Repair of Benefice Buildings Measure 1972; Scheme of Diocesan Synod made 5th March 1988
Terms of reference
1. By a Scheme made by the Diocesan Synod on 5 March 1988, the St. Albans Diocesan Board of Finance was designated as the Parsonages Board for the Diocese of St. Albans for the purposes of the furtherance of the work of the Church of England by the exercise of its functions under the Repair of Benefice Buildings Measure 1972, and the functions of the Board under the Measure were delegated to the Property Committee constituted as provided in the
Scheme.
2. The Scheme further extended the Committee's terms of reference to include the following powers:
i) The Committee may execute works of interior decoration of parsonage houses by agreement with the incumbent.
ii) The Committee may execute works of improvement, demolition or erection of parsonage houses in pursuance of the powers conferred by sections 1, 2 and 2A of the Parsonages Measure 1938 by agreement with the persons on whom those powers are conferred.
iii) The Committee may request a Diocesan Surveyor to inspect any buildings (other than a parsonage house) in the Diocese used as a residence by any clergyman or lay worker of the Church of England serving in the Diocese and to report to the Committee on such inspection.
iv) The Committee may execute works of repair, interior decoration, improvement, demolition or erection of any building in the Diocese held for charitable purposes connected with the Church of England, by agreement with the persons having the management or control of such buildings and in particular the Committee shall have power to so act on
behalf of the Diocesan Board of Finance in respect of all properties vested in the Board as part of its corporate property, subject to directions given by the said Board from time to time in respect of such properties.
Constitution
Ex-officio: The Archdeacons of the Diocese
The Chairman and Vice-Chairman for the time being of the Board
Appointed: Two persons clerical or lay, nominated by the Bishop of the Diocese
Three Clerks in Holy Orders and three lay persons appointed by and from the Board.
Elected: Three Clerks in Holy Orders elected by and from those beneficed or licensed within the Diocese
Three lay persons elected directly by the House of Laity of the Diocesan Synod (who need not necessarily be members of that House)
Co-opted: The Committee shall have power to co-opt, in addition to the membership prescribed above, not more than two persons, clerical or lay.
Chairman and Vice Chairman: The Board shall from time to time appoint a Chairman and a Vice Chairman of the Committee, after consultation with the Bishop, from the nominated, elected, appointed or co-opted members of the Committee, provided that the Chairman must be a member of the Board. The Board shall also determine the period for which they respectively shall hold office.

Glebe Committee
Statutory Provision: The Endowments and Glebe Measure 1976; Constitution approved by the Diocesan Synod on 5th
March 1988
Terms of reference
1. The Glebe Committee shall be responsible to the Diocesan Board of Finance for the management of the diocesan glebe for the benefit of the diocesan stipends fund including sales and purchases, the negotiation of leases and tenancies and of rent reviews, the collection of rents, the payment of outgoings and the carrying out of repairs and of improvements. The Committee shall have executive power to act in all these matters on behalf of the Board but may make recommendations to the Board as to any matter at its discretion. The Committee shall comply with any directions which may from time to time be given to it by the Board, shall observe all provisions of the Endowments and Glebe Measure 1976 and shall obtain such consents as are required.
2. The Committee shall make a report of its transactions to the Diocesan Board of Finance at such intervals, not being less than once a year, as the Diocesan Board of Finance may from time to time require.
3. The Committee shall appoint one or more firms of surveyors to act as agents for them in all dealings relating to the diocesan glebe. Such firms shall be selected for their experience in respect of properties of the type concerned. The agents shall be required to obtain the prior approval of the Committee (subject to such delegation as the Committee agrees) to all transactions apart from repair works not exceeding an amount which may be settled from time to time by the Committee, and to comply with the principles of management set out in the Diocesan Glebe Management Scheme.
4. The Diocesan glebe shall be managed exclusively for the benefit of the diocesan stipends fund, except in circumstances where the Endowments and Glebe Measure 1976 expressly permits otherwise.
Constitution (approved by Diocesan Synod on 5 March 1988 and contained in the revised Diocesan Glebe Management Scheme made under the Endowments and Glebe Measure 1976):
Ex-Officio: The Archdeacons; Chairman and Vice Chairman
Appointed: Six members by the Board of Finance, of whom at least four shall be members of the Board. The members appointed by the Board shall in the opinion of the Board be well qualified to assist in the management of glebe.
Co-opted: Up to two members.
Chairman: One of the members, being a member of the Board, shall be appointed by the Board to be chairman of the committee, and the committee shall appoint a Deputy Chairman.
Principles of Management
Most of the land and buildings in the glebe portfolio were not bought by the DBF but were passed to it when the Endowments and Glebe Measure came into effect in 1978. Since then rents on the land have been improved, sales have taken place and five farms and a commercial building has been purchased (the latter has since been sold). The Committee reviews the portfolio regularly with the help of its agents and also two development advisors. The diocese is particularly well-placed to benefit from the Government guidelines which set out the need for more housing in the south
east of England. It is possible that much of the agricultural land, especially that round towns and villages, could be developable in the medium to long term.
Income for stipends
The rents from glebe property are reviewed regularly as the income helps pay clergy stipends. Glebe sale proceeds are credited to the Diocesan Stipends Fund Capital Account the interest on which is also used to pay stipends. This is why the Committee considers it important to maximize sale proceeds by selling with planning permission for development where ever possible.

Parish Shares Committee
Constituted by Resolution of the Board on the recommendation of the General Committee as set out in the General Committee’s Minutes of 16th March 1993.
Terms of Reference
To keep the Parish Shares scheme under review and to make recommendations to the Board on all matters relating to it. In particular, the Committee is responsible for the following matters, in conjunction with the deaneries.
To administer:
1) the allocation of share factors
2) the allocation of Supplementary Grants
3) the monitoring of Parish Share shortfall cases
Constitution
Ex Officio:
The Chairman of the Board (who shall be Chairman of the Committee)
The Archdeacons
Appointed:
At least four members by and from the Board, to include at least one lay representative from each Archdeaconry.
In attendance:
The Stewardship Development Officer
Papers to: the Vice Chairman of the Board