Number of deliverances – 3
Length of report – 10 pages
whats the report about?
The general trustees in effect own all the Church of Scotland property and land on behalf of the church, and are responsible for ensuring they are up to scratch.
whats the key point of the report?
We have stuff and need to take care of it.
Thoughts on the report.
This says, we are working on stuff as a whole so if it is ok we will report as a whole next year on it all, even though we said we would report this year.
section three – Fabric Funds.
3.1.1 – Loans of around £4.5million made this year.
Eh, the church loaning money to the church at 5% interest. Is this a helpful approach?
3.1.4 – £900thousand in standard grants this year.
3.1.4 – Priority grants of just over £1million
3.2 Consolidated Fabric Fund
3.2.1(a) – £54 million in holdings
3.2.1(b) – Value of heritable assets £498million (ish)
3.2.2 – The money is invested through the investors trust.
3.2.3 – Churches have too much money on deposit, that money should be invested by the churches.
8.2.1 – The General trustees have negotiated a fixed price gas and electricity deal with SSE for 20% less than we are currently paying.
9.2 – The church of Scotland Insurance Services Ltd, gave the church £1.4million (ish) last year including gift aid. I don’t get how a Church of Scotland owned trading thing can claim gift aid for giving money back to the Church of Scotland. that seems icky.
Manses are more valuable than church buildings? Hmmm, interesting.
Thought on deliverances.
1 – Yes
2 – Yes
3 – Yes
Questions or amendments or suggested new deliverances.
Is the amount given in loans out of balance with the amounts given in grants?
If we had to start the church again would we engage in so much property?
How can we spend more of the money wisely? I think we have too much.
Could we find away for churches to invest their money on deposit in a partner church across Scotland. Encouraging rich churches to invest in poorer churches with the money being swallowed up in M&M payments to 121?