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Property Trust

OVERVIEW

The Churches of Christ Property Trust is a ministry of the Conference of Churches of Christ in New South Wales and works alongside the Conference Executive to ensure good governance and stewardship of the property resources of our movement.

Unless the Lord builds the house, the builders labour in vain
Psalm 127: 1a

The Property Trust seeks to serve the local church in matching the facilities of the church to the vision God has given them as a local church.

PURPOSE

The Property Trust’s basic purpose is to be the legally incorporated body to own property on behalf of churches and Conference ministries. Because local churches and the Conference are legally just a collection of individuals, it is legally necessary to have a trustee or trustees to hold property and to enter into contracts. The Churches of Christ in New South Wales Incorporation Act 1947 (NSW) (the Act) and the Churches of Christ in New South Wales Constitution provide the authority and guidelines for the Property Trust to act as trustee for Conference and all affiliated churches. All Certificates of Title for churches’ and Conference ministries’ properties are held and managed by the Property Trust.

The Property Trust committee is eager to provide advice to churches in relation to all or any property matters, and to assist churches to complete the formal steps required under the Act.

OBJECTIVES

  1. Enable churches to develop property for ministry purposes;
  2. Wisely manage the churches’ financial resources, developing effective risk management strategies and prudential investment policies to support future ministry growth;
  3. Creatively expand current Property Trust resources and services;
  4. Ensure compliance and regulatory responsibilities in accordance with the Act;
  5. Support churches through information, training and counselling.
    Source: Measured Insights Review
    12 August 2013

SERVICES

  • Loans to churches
    - No fees or charges;
    - No mortgage requirements;
    - Low loan interest rates (currently 5%);
    - Low deposit loans – banks often require 30% deposit for commercial loans;
    - Low documentation loans – simpler and less demanding than commercial loans.
  • Loans to Ministers (cars only);
  • Advice to churches for re-development and managing developers;
  • Executing leases and contracts on behalf of churches;
  • Community Builders Development Grant applications;
  • Provision of “Church Finances Handbook”;
  • Administration of Trust funds – point of application for a range of financial assistance for churches.