The report of the Representative Church Body was presented to General Synod in Armagh this morning (Friday May 11). The report noted that, during 2017, the total funds available to the RCB increased by 2.8% to €193.9 million (from €188.6 million). Total expenditure from General Funds remained constant at €7.2 million.
Presenting the report, Henry Saville, chair of the executive committee, outlined the main activities of the RCB. These include investment management, support for property transactions, administration of trusts, treasury management, payment of (some) clergy stipends, administration of the Clergy Pension Fund and payment of pensions, allocation of funds and…
