The event was held on 27th April at the Kensington Forum Hotel in London and was aimed at Church leaders who wanted to learn more about financial management from a biblical, legal and practical perspective. It was relevant to churches of all sizes but especially those which are growing and where the right structure to deal with UK regulators and tax needs to be strengthened.

Dr Hugh Osgood from Churches in Communities International provided a scriptural foundation on the day and delivered a session which looked at the biblical teaching regarding finances and working in accordance with the law, whilst Edwina Turner, associate at Anthony Collins Solicitors led a session examining case studies which demonstrated success in the areas of financial control, employment taxes and Gift Aid. The day was underpinned by a workshop from Stewardship looking at practical implementations of good financial practice.

Edwina said: “At a time when the charity sector is experiencing a raft of changes, it is more important than ever that Churches feel in control of their finances and keep on the right side of the law. The event was aimed at the practical side of money management, and Church leaders should leave feeling equipped and empowered to manage funds more effectively.”

Dr Hugh Osgood, president of Churches in Communities International, commented: “We want to make sure our churches are as financially healthy as possible, and are up to date with all of the new legislation regarding financial regulation. We were very pleased to be able to offer delegates the highest quality of speakers.”

Stephen Mathews, head of accountancy and consultancy services at Stewardship continued: “Efficient money management means that a Church can free up more funds to invest in the activities which are the most important, such as supporting the vulnerable in their local communities and focusing on Kingdom activities. Too often in my work with churches I see dangerous structures and money lost which harms the church in terms of both its finances and reputation.”

Contract management pitfalls – payment
Contract management pitfalls – payment

In the second part of our series on contract management pitfalls, we look at the risks and opportunities presented by payment mechanisms in construction contracts.