Diocesan structure

The Truro Diocesan Board of Finance Limited was formed to manage the financial affairs and hold the assets of the Diocese. It was incorporated on 23 October 1896 as a charitable company limited by guarantee (No. 49825) and its governing documents are the Memorandum and Articles of Association. The Company is registered with the Charity Commission (No. 248330).

Aims and objectives

The objects of the Company, described in its Memorandum of Association, consist of promoting and assisting the works, objects and purposes of the Church of England, the advancement of the Christian religion in the Diocese of Truro and, in particular organising and providing funds for various departments of the Church's work.

In pursuance of its objects, the Company undertakes the following activities:

• funding of stipends of clergy and licensed lay workers engaged in the parochial ministry.
• provision and maintenance of appropriate housing for such clergy and lay workers.
• employment of clergy and lay staff in diocesan-wide ministries such as education, ministry development, evangelism and social responsibility.
• training and development of both clergy and laity in all aspects of delivering ministry.
• provision of financial and other support to parishes.
• management and investment of glebe and other assets held under trusts for the benefit of the Diocese.
• employment of staff to manage the administration of the Company's affairs.

These activities are funded principally by parish contributions (Common Fund); some income is also received from the Church Commissioners, parochial fees and investments.

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