General Trustees
|
 |
FUNDING AND INVESTMENTS
The trustees can give financial help in certain circumstances.
They administer the Central Fabric Fund - a general fund
from which the trustees can make available grants and/or
loans to congregations facing fabric expenditure, but
which do not themselves have enough money in hand to cope.
Work in progress at Old Blantyre Parish Church
|
All applications for assistance must
have the support of the presbytery. There is never
enough money in the Central Fabric Fund to meet
all the requests for help from it, and the trustees
seek to encourage donations and legacies to the
fund. |
Overview of our funds
Most of the monies held by the General Trustees are looked
after by them through either the Consolidated Fabric Fund
or the Consolidated Stipend Fund. Each of these funds
is invested in its entirety with shares in the funds being
allocated to the benefit of particular congregations.
Money in the Fabric Fund
is available to assist the congregation concerned to
meet its fabric commitments with both capital and revenue
being available in appropriate circumstances.
The capital in the Stipend Fund
is permanent and the income on this capital is used
to help the congregation concerned to pay its minister.
The General Trustees have power to switch monies from
one fund to the other following consultation with the
presbytery concerned.
Helping congregations to help themselves
The trustees also try to encourage efficiency and thrift
in the heating and lighting of our buildings and in the
provision of sound systems. Visit our help
for congregations page for more advice.
[top of page]
|
|
|
|
