Finances
The members of the Council are also members and directors of the Central Board of Finance of the Church of England. Technically, the Board of Finance is a separate legal entity, however all major decisions are taken by members of the Council in their capacity as the directors of the Board.
In 2006, the Council had a budget of approximately £61 million, principally derived from the Church Commissioners (about £32 million) and contributions from each of the dioceses (£24.5 million).
Spending in that year included grants to the dioceses (£31 million), training clergy (both funding for colleges and allowances for individuals in residential training - £10 million), grants to organisation such as Churches Together, the Church Urban Fund and the World Council of Churches (£2.2 million), and housing assistance for retired clergy (£2.8 million).
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