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The Church of England has a large endowment of £8.7 billion which generates approximately £1 billion a year in income (2019), [1] this is their largest source of revenue. . The 2019 Financial report showed that the size of the endowment has been steady or growing slightly in recent years, delivering a return of 10% (201
The title is very old and arises from the medieval arrangement where priests were appointed either by a secular lord, by a bishop or by a religious foundation. Historically, but no longer, vicars share a benefice with a rector (often non-resident) to whom the great tithes were paid. Vicar derives from the Latin vicarius meaning a substitute.
The church tax is only paid by members of the respective church, although the concept of "membership" is far from clear, and it may be asked what right the secular state has to tell the faithful what contribution they should make to their own denomination. People who are not members of a church tax-collecting denomination do not have to pay it.
In the Church of England, self-supporting ministers [1] (SSMs), previously called non-stipendiary ministers (NSMs) or non-stipendiary priests, are ministers who do not receive a stipend. They usually have alternative employment. There were around 2,000 SSMs in the Church of England at the turn of the 21st century and 3,230 in 2016. [2] [3]
Appointment (being invested as) a parish priest gave the incumbent many more privileges than today of having their benefice also termed a living – notably a wide range of lower to upper middle class incomes, depending on the type of benefice, hence most old summaries of parishes state the gross or net value of a living, whether present or in ...
In them, a team of clergy is licensed to a group of parishes, and the senior priest is known as a team rector and other priests of 'incumbent status' are known as team vicars. A parish priest without secure tenure but holding a bishop's licence is termed a priest in charge, temporary curate or bishop's curate.
A parsonage is where the parson of a church resides; a parson is the priest/presbyter of a parish church. A rectory is the residence of an ecclesiastical rector, although the name may also be applied to the home of an academic rector (e.g., a Scottish university rector), or other person with that title. In North American Anglicanism, a far ...
A churchwarden is a lay official in a parish or congregation of the Anglican Communion or Catholic Church, usually working as a part-time volunteer.In the Anglican tradition, holders of these positions are ex officio members of the parish board, usually called a vestry, parochial church council, or in the case of a Cathedral parish the chapter.