Finance

Payments from Church Commissioners' general fund
28
1
The Church Commissioners must pay sums by way of stipend or such other emoluments as they may determine—
a
to the dean of each cathedral, and
b
for two full-time equivalent residentiary canons of each cathedral engaged on cathedral duties.
2
The Chapter of a cathedral may, with the consent of the Church Commissioners, pay additional emoluments to the dean or to any residentiary canon for whom the Church Commissioners are required to make a payment under subsection (1)(b).
3
Where a person is appointed as dean of a cathedral, or as a residentiary canon the cost of whose stipend is to be met by the Church Commissioners under subsection (1), the Church Commissioners may make a grant to that person towards removal expenses incurred by him or her.
4
The Church Commissioners may make grants for—
a
paying the stipend or other emoluments of any clerk in Holy Orders holding office in the cathedral, other than a dean or residentiary canon;
b
paying the salary or other emoluments of any lay person employed by the Chapter or engaged to provide services in connection with the cathedral.
5
The Church Commissioners may make grants to the Chapter of a cathedral for the purpose of securing the better provision of houses for clerks in Holy Orders who hold office in the cathedral.
6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
The Church Commissioners may make grants for the purpose of supporting cathedrals to such bodies as appear to the Church Commissioners to represent cathedrals.
8
A grant or other payment by the Church Commissioners under this section is to be made out of their general fund; and the amount of any such grant or other payment is to be such amount as they from time to time determine.
9
In the application of this section to each cathedral of the diocese of Leeds, subsection (1) has effect as if for “two full-time equivalent residentiary canons” there were substituted “ one full-time equivalent residentiary canon ”; but, in the case of each of those cathedrals, this subsection applies to that cathedral only if the Bishop of Leeds has given consent for it to apply to it.
10
This section (including as it is applied by subsection (9)) does not apply to a lay residentiary canon.

Borrowing powers
29
1
The Chapter of a cathedral may borrow money for any purpose connected with the cathedral.
2
But if the purpose for which the money is to be borrowed is such that the use of money forming part of the permanent endowment of the cathedral for that purpose would require the consent of the Church Commissioners, the Chapter may not borrow the money unless it has obtained their consent.
3
If the prospective debt arising from borrowing under this section would cause the Chapter's total borrowings to exceed such threshold as the Church Commissioners may from time to time specify by order, the Chapter may not borrow the money unless it has obtained their consent.

Accounting matters
30
1
The Church Commissioners may from time to time specify by order the date on which the financial year for the Chapter of every cathedral ends.
2
The Chapter of each cathedral must, within ten months of the end of its financial year, send a copy of its accounts and of its annual report to the Church Commissioners and the bishop.
3
The Church Commissioners may by order require the Chapter of a cathedral to provide them with such other financial information, and to do so within such period, as the order specifies.
4
Before making an order under subsection (3) which applies to all cathedrals, the Church Commissioners must consult such bodies as appear to them to represent cathedrals in relation to their financial affairs.
S. 28(10) inserted (coming into force in accordance with s. 22(3) of the amending Measure) by Church of England (Miscellaneous Provisions) Measure 2024 (No. 1), Sch. 1 para. 23
S. 28(6) ceases to have effect (1.10.2025) by virtue of Chancel Repair (Church Commissioners’ Liability) Measure 2025 (No. 1), ss. 4(4), 6(3) (with s. 6(5)); S.I. 2025/1041, art. 2