The fund has grown from £2.4bn in 1995 to £6.7bn at the end of last year.
Nearly 30% of the portfolio is tied up in property investments, with other investments includes shares in the UK and abroad, farmland, forestry and some fossil fuels.
The Church Commissioners, who manage the finances of the Church of England, are now the largest independent owner of forestry in Britain, with this accounting for around 4% of its overall investments.
They are also one of the largest charitable givers in the UK and the eighth largest globally.
Their annual report said last year's return exceeded their long term target, with the average return on investment over the past 30 years at only 9.8% per annum.
The Church spent £214 million last year with 57% of this figure spent on pensions for retired clergy. The remaining £91.6m went towards parish ministry and mission grants, archbishops and bishops ministry and cathedral costs.
Andrew Brown is the Chief Executive and Secretary of the Church Commissioners. Questioned whether they they should use more of the £6.7bn to help ordinary churchgoers, he told Premier's News Hour: "That's not to say that church roofs, foodbanks, are not important - they're hugely important, and the work that the churches are doing leading in many communities to make a difference is vitally important.
"Last year we gave out to various parts of the church about 215 million pounds. Over half of that went to help fund pensions for clergy... and then we helped support dioceses who've got less resources, to help them pay their stipend bill.
"We made someone money available to all dioceses actually for some mission initiatives, [for example] a youth worker... it could be a tots group...
"We're still investing in other fossil fuel businesses [other than thermal coal and tar sands oil]. We believe that's important because we have a voice... round the board table with regard to behaviours of companies, and we've seen that particularly in the last few weeks with BP and with Shell, where we've put forward with other church investors recommendations that shareholders should seek much greater... clarity with regard to... carbon impact.
"Both of those businesses suggested to shareholders they support this shareholder resolution, and in BP's case that came through with a 98% vote and Shell have got their AGM next week."
The Church currently excludes investments in companies involved in the arms trade, thermal coal and tar sands oil, pornography, tobacco, gambling and human embryonic cloning.
