The Church Commissioners is a body which administers the property assets of the Church of England. It was established in 1948 and combined the assets of Queen Anne's Bounty, a fund dating from 1704 for the relief of poor clergy, and of the Ecclesiastical Commissioners formed in 1836. The Church Commissioners are a registered charity regulated by the Charity Commission for England and Wales, and are liable for the payment of pensions to retired clergy whose pensions were accrued before 1998 (subsequent pensions are the responsibility of the Church of England Pensions Board).