The Presbytery of Glasgow. Conference Restricted Funds and Ministry & Mission Contributions. Restricted Funds. Voluntary incoming resources subject to specific conditions which arise either from a donor’s wishes or from the terms of an appeal. Effect on how money can be spent.
ConferenceRestricted FundsandMinistry & Mission Contributions
(not likely to be significant in most cases)
If Church unable to top up fund may mean purpose can’t be fulfilled
Having fulfilled purpose left with funds which can’t be used
At present the only options are to return the monies to the donors or to hold the fund in abeyance until an appropriate use can be found (if ever!).
In the event of there being insufficient funds to carry out the project or in the event of a surplus arising on the project, any unspent funds will be used for the general purposes of the charity.
Each congregation’s income base shall include
(a) General Fund income;
(b) Ministry income (including glebe rents, Consolidated Stipend Fund and local stipend endowment income);
(c) Fabric Fund and Reserve Fund income (including income in Fabric Funds held by the General Trustees);
(d) Net property rental income;
(e) A percentage of contributions from outside agencies for the use of premises, if in excess of a sum to be determined by the Council of Assembly;
(f) Any other regular income which is available to meet ordinary expenditure.
For the avoidance of doubt,
shall be excluded from the Income Base.
Effect of Restricted Funds on M&MC Regs.
and therein lies a danger
installation of new heating system in church X
Even when they must arise (when a donor places a restriction on the use of the funds) trustees should consider - is it in the best interest of the charity to accept the gift.
The Convener of Ministry & Stewardship