Gateway Gift Trust Board news – December 2024
Significant items that were discussed at the Gateway Gift Trust Board (GGTB) meeting held by Teams on 10 December 2024
Meeting opening items
- Phil Husband led devotion and karakia with a Meditation by Cecil H Skibbe: Letters1 Vol 1 item 17 – the Difference That Made a Difference – For unto us a Child is born. Isaiah 53:3-7,9-10
Standard items
- Members of CoS confirmed their conflict of interest schedule, police vetting checks and safe church training were up to date.
Agenda items
- GGTB received the September 2024 Quarter 3 financial reports which showed the following results: Q3 YTD
Gross income $225,308 $602,781
(includes Q3 $184.101 and YTD $487,669 unrealised gains)
Total expenses $ 43,204 $183,370
Net Surplus $182,105 $419,411
Net cash flows: $ 12,562 $ (21,123) - GGTB received a market briefing on the investment portfolio from the fund managers Rutherford Rede.
- GGTB approved a change to policy that the minor grants maximum award be increased from $5,000 to $8,000, effective 1 January 2025. The handbook and application forms are to be updated for these items.
- Minor grant awarded to Wellington St Paul’s for their 2025 Camping Ministry Programme
Meeting ending
- The meeting ended in prayer led by Bishop Richard
- The next meeting will be by Teams on Tuesday 11 March 2025 from 7pm.
- The Board meeting timetable for 2025 is here: Events from February 18 – August 12
Andrew Mattiske
Chairperson Gateway Gift Trust Board
January 2025
