Tuesday, 31 March 2009
Communiques
Mouse doesn't like to be outdone, so is thinking of releasing his own communique. Suggestions welcome what I should cover. I then look forward to arguing with you over the wording for hours before compromising and releasing a watered down version.
WWJD with the BNP?

He certainly wouldn't vote for them. However, their latest campaign would have you think that they are a Christian party. Ekklesia break the story that the BNP is putting out posters for the European elections with an image of Christ with a Bible quote, "If they persecuted me, they will persecute you also". It then says, "What would Jesus do. Vote BNP". Oh no he bloody wouldn't. There's more of this garbage on the Ekklesia site, but Mouse can't bring himself to repeat it.
Mouse is utterly gobsmacked to think that these people could dare to speak a Christian message. Mouse thought the atheist buses were ultimately a bit of harmless but pointless fun, but this really does take the you know what.
Mouse wasn't sure whether it was worthwhile banning clergy from membership of the BNP at the recent general synod, but at least it was a clear statement that their views are absolutely opposed to the core Christian message.
Mouse hopes that there will be some pretty strong statements from all Churches setting out precisely why the BNP message of hatred and intolerance is fundamentally not in line with Jesus teaching.
This comes hot on the heels of news of a Baptist BNP minister at the comically named Barton in the Beans chapel. Mouse hopes the Baptists will act on these revelations.
Update: The adverts have now been condemned by the Baptists, Methodists and United Reformed Church. The good old CofE have 'refused to comment'. Come on Rowan - you're on a roll at the moment!
Also, see Justin Brett's (member of General Synod) comment below for a correction on my point about what happened at the Synod. It wasn't quite how Mouse said it. Thanks for the contribution Justin.
Monday, 30 March 2009
Bells won't ring out for St George
Mouse thinks its a great idea. It is almost more strange to think that the Church of England would not mark its national Saint's day. Mouse's advice to those Bishops who backed the idea is just to do it anyway. If the good old CofE waited for consensus on every issue, we'd be here a very long time before we .... hold on. Ah.
Religion in the media
There is a long tradition of politicians feeling bias against them by the BBC. Back in the 1980s the BBC was known in Tory ranks as the Bolshevik Broadcasting Corporation. More recently, New Labour felt under attack including the major incident when the claim was made on the BBC that the Government had 'sexed up' the dossier on evidence of Iraq's military capability.
However, the Archbishop's concern seems a little different. He is simply pointing out that the quantity and quality of religious broadcasting has declined. The issue is that the BBC is a public service broadcaster, paid for by the license fee (a tax in all but name). It has a statutory duty to produce 'public service' content. As such, everyone feels they have a right to say what the BBC should and shouldn't cover, and to claim unfairness when they are not even-handed in every way.
Mouse thinks that religious content is pretty poor overall. It tends to be either dull in the form of programming like Songs of Praise or Sunday Worship, or extremist in programmes like Deborah 13: Servant of God on BBC3. However, I point the finger of blame not at the BBC, but at the lack of Christian film and programme makers out there making things that the BBC and other channels would show.
Pope's press officer to resign
Only yesterday Mouse wrote, "Mouse is utterly bemused by this inept media management."
Recent disasters have included poor handling of the SSPX issue, which involved welcoming a holocaust denier back into the Catholic church and most recently attempting to re-write the Pope's words when he said that condoms make AIDS problem in Africa worse. At the time Damian Thompson again commented, saying, "Time for a sacking".
Lets hope things pick up for the Holy Father with a new man in the job.
Sunday, 29 March 2009
Churchdaq
The Pentecostal index rose on claims from the Assemblies of God Africa that they will be baptising 10m new believers over the next 10 years. The CofE 100 rose on guidance from the government on how they could access government funding for local services. The Catholic sell off continued, on further bad press for the Holy Father, while good coverage of the Methodist response to the G20 and nuclear arms reduction lifted the Methodist 250 index.
On the individual stocks the surprise mover of the week was Catholic Bishop Arthur Roche, up on speculation that he is soon to pick up position of Archbishop of Westminster and succeed Cardinal O'Connor. Baroness Warsi was up after being named most powerful Muslim woman in the Muslim Women's Power List. Church buildings were up after the Government launched an initiative to make better use of them, and open up sources of funding for churches. Rowan Williams rose on strong comments about climate change, and the Put People First coalition which included many prominent Christian organisations rose towards the end of the week on a successful and peaceful protest march.
Losers this week included the Pope, who continued to struggle in the wake of his comment that condoms may make the AIDS problem worse, this week being attacked by the medical journal The Lancet. Bishop Michael Nasir-Ali, Bishop of Rochester, announced his resignation this week after a difficult few months. In the US market, President Obama faced a backlash from Catholics in advance of a talk at Notre Dame University in light of his pro-life positions. The Muslim council of Britain fell then was temporarily suspended from the market following the Government's decision to suspend relations with them in response to the alleged extremism of the deputy head of the organisation. Henry Bellingham MP also fell after attacking the good old CofE for its lack of leadership.
Jade Goody was taken off the market at the start of the week, a tragically short time after her initial appearance earlier in the month.Lancet has a dig at the Pope
Quite right, says the Mouse. It is rather astonishing how the Vatican has dealt (or not) with this crisis. The only real response was an attempt to change history and make out that the Pope didn't really say what everyone heard him say.
Mouse is utterly bemused by this inept media management. It would have been the easiest thing in the world to simply say that the Pope didn't mean it as it came out. He was merely reiterating Catholic teaching that abstinence and fidelity are the only foolproof ways of preventing the spread of AIDS. Not everyone would have agreed with that position, but its better than being attacked from all sides like at present.
Saturday, 28 March 2009
Its easy to criticise, but ...
A couple of stories popped up yesterday while Mouse was looking at climate change and the G20. Dizzy reveals that the Department for Energy & Climate Change's office got the lowest rating in its energy efficiency certificate. Then the Blog Father Iain Dale showed emails from the Parliament's IT department telling MPs and staff to support Earth Hour by switching off lights and PCs, whilst also telling them to leave their PCs on to enable an essential upgrade to take place.
Mouse shouldn't really point and criticise, but ...
Angels and Demons - the Vatican's response
Friday, 27 March 2009
Friday round up
1. Quarentina gets his head round the credit crunch at All Souls
2. 2 Church Mice on the fuzzy faith of the British
3. Bishop Nick Baines on the loss of the local
4. Top headline grabbing from George Pitcher with post offices in churches shocker
5. Damian Thompson reckons the Guardian is getting closer to Islamists
6. Stephen Beer on Blair's piety
7. A near Twogcast from Bishop David Thompson on the Government's strategy for church buildings
8. Archbishop Cranmer on the Muslim Power Women list
9. Railway Stations of the Cross in the Church Times Blog
10. Thinking Anglicans on the G20, climate change and the Church
A 300 year old law that affects 1 person - top priority?
So why has the government started spinning about it now?
The impact of this coverage is to distract the media from whatever else is going on. Right now the big stories are:
1) a civil war between the PM, his Chancellor and the Governor of the Bank of England;
2) the embarrassment of over a million people watching Brown being savaged in the European Parliament; and
3) Brown backing down on his ambitions for a fiscal stimulus package being agreed at the G20 as it becomes clear this is impossible).
Damian Thompson sees this move as an attempt to 'neuter' Catholics, by which he means buy their silence in the face of what is essentially a government agenda quite opposed to many Catholic values. Mouse has commented before on Labour's attempts to woo the Catholic vote, and on its apparent success. This time it looks like the spin doctors are doing a good job of keeping this trivia in the news.
Incidentally, Mouse also observes that it looks pretty bad when Anglican Bishops oppose the move. The Bishop of Winchester is quite right when he says that it would be a constitutional nightmare to simply repeal the Act of Settlement, but the way he has said it makes it look like he is opposed to any reform of what is quite clearly a straight-forward piece of old-school religious discrimination.
The point he should be making is that Gordon Brown and this government have much more pressing matters in preventing an economic and environmental meltdown than in reforming a 300 year old law that affects one person.
The new Church
What interests the Mouse is that this comes at a time when there is much debate about the future of the Anglican Communion. Mouse can't help feeling that developments like this show us a way forward. CMS does great work to actively show God's love to those who may not have felt it before. Mouse is happy to hear that being more formally acknowledged by the good old CofE. If only the world wide Anglican Communion could spend more of its time thinking about how to develop mission of this type in local communities, and less of its time arguing over whether to ordain women bishops or gay clergy, Mouse thinks the Church would be in a much better state.
Thursday, 26 March 2009
Church and planet
Stop grumbling about the Muslim Women Power List
We all know that the various rich lists are based on phoney and imperfect data, but they're still an interesting read. We know that the various power lists are a massively subjective poll, based on absolutely no data without any real and credible definition of what 'power' means. But that's not the point. The purpose of the survey is to celebrate the achievement of Muslim women, not to provide an objective and auditable record of the power exerted by these women.
Mouse totally agrees with the critics and thinks they should just shut up.
Atheism on the curriculum
Mouse isn't against leaning about any of these things. I just hope it isn't mistaken for religous studies. Learning about the influence of Bob Marley in the 1970s should not be equated to learning about the world's great religions. Unfortunatly it looks like the general down-grading of the curriculum is applying to religious studies courses. Students will be learning about religious attitudes to genetically modified food and inter-faith marriages, when they don't know the basics about the major world faiths.
Wednesday, 25 March 2009
G20 protesting
Inter Faith week
But is it part of a government strategy, and if so what is it supposed to achieve? The British Humanist Association has already protested on the grounds that it excludes those who do not have a faith. It comes hot on the heels of news that the Government is keen for 'faith communities' (can't stand the term) to get better access to government funding for the public services they offer their communities. So on the one hand it looks like the Government is trying to promote strong communities with churches and faith groups at the heart. I like the idea, but am slightly skeptical that in the past this Government has not exactly been keen on the role of the Church in society, so feel a little bit of pre-election positioning.
However, Mouse can't quite see where an Inter Faith event fits into this. If you look at things from a different perspective, it looks far less like a coherent strategy for 'community cohesion' or the role of 'faith communities' in wider society. This news comes in the same week as tensions between the Government and the Muslim Council of Britain and a new terror strategy which has a big focus on 'community cohesion' to counter the threat of a small independent home-grown terrorist.
The answer is probably that all these things are just not connected. However, I probably wouldn't feel that way if I was a young Muslim. I would see the government trying to get me to play football with the local church, whilst at the same time it is attacking the MCB and looking nervous that I might be a terrorist. Mouse thinks the government needs to look harder at what is its role in all this. Creating an environment in which people of different faith and ethnicity can get along together is partly the governments role in areas such as housing, education and equality. Beyond that, it gets into much messier and confusing territory.
Mouse thinks that Inter Faith initiatives are great, but are generally nothing to do with the Government. They would be far better spending their time in preventing housing and educational segregation than in organising football matches.
Faith and funding
Essentially it is a very dull report setting out the sources of funding available for various public service type activities, and argues that churches and 'faith communities' (Mouse hates the term with a passion) could access those funds better for the public service activities they offer their local communities.
Great stuff, says the Mouse. But hold on. Why don't Churches access these funds already. The report talks about overcoming “squeamishness” from funding providers. Mouse would put it more strongly. Often, they are ideologically opposed to Christians receiving these funds. In Mouse's own experience he has witnessed his local authority oppose initiatives from his church, then set up near-identical rival initiatives within the remit of the local authority.
But also, there is "squeamishness" from Churches about having the Christian ethos of their service diluted through the secular influence of government funding. This is understandable, but can usually be dealt with through careful positioning.
The Mouse sees this initiative as having the potential to make a big difference to local churches. Far too often a vibrant and successful initiative, such as a parent and toddler group or a debt counselling service, is cut short. This is often because the initial enthusiasm of the small group of volunteers is sucked out of them and squashed flat by the rigour of running a project in their spare time. Some funding could help them to grown the initiative with some professional support, and that can only be a good thing.
Incidentally, Mouse's favourite section of the report is Appendix A - "A guide to the Guidance". There is another Appendix entitled, "Organisation of the CofE". Funny there isn't a section on the disorganisation of the CofE, but that may be saved for another report.
Tuesday, 24 March 2009
Other Church Mice
Mouse thinks he's officially the best blogging church mouse on the interweb. Here are the other church mouse blogs I've found. The Merry Church Mouse is a pretty good blog, if you're into sewing. The others are pretty poor efforts.
The Merry Church Mouse (sewing related)The National Pastoral Life Centre blog - doesn't seem to have been updated since June 2008
The Old Church Mouse a short lived blog in Feb 2008
The Church Mouse Chronicals - an extremely sporadic blog from an American audio technology consultant
Update. A couple of fellow Mice (@johannaclare via Twitter and Fibre Fairy in the comments below) have pointed me to 2 Church Mice, which is a great blog by a couple of fantastic Mice.
Religious battle on the buses still going
Does anyone really think that bus advertising is a genuine spiritual battleground? So can we move on now? Mouse thinks the only winner from this bizarre phenomenon is the bus company.
Williams: Britain 'haunted' by religion
I'm happy to try to help the Archbishop out on this one. I think he was simply trying to say that we have a big religious history in this country, but that is changing. The government and wider civic society no longer know how to engage with the church - afraid to give preference to one religion over another, and afraid to give the religious preferential treatment over the secular, but recognising the positive effect that religion can have. Mouse thinks this explains why we keep getting called a 'faith community' now, and may even explain current confusion over what to do with the MCB.
What would be really interesting would be to offer a simply solution, but that really would be out of character for our Archbishop.
Monday, 23 March 2009
Akinola and the state of the Anglican church
Many have been writing about these developments excitedly, pitching it as the much awaited split in the Anglican Communion.
Bishop Alan Wilson made the point some time ago that the Anglican Church is simply too disorganised to split. This was not meant as a criticism of the church's organisational ability, but merely as an observation that it has no organisational coherence in the way the Catholic Church does. Bishop Alan observes, "Just like the Apostolic Church in Corinth, it’s always going down the pan, always sneered at and despised, always dying, yet behold we live."
Mouse thinks we have a growing body of evidence to support this view. The position of the ACNA and the Nigerian church are now far from clear, but they somehow remain and life continues. If anything, Mouse finds this a reassuring position. The headline writers would like to paint a picture of the church as one on the brink of a major and severe split. The reality is that any split is likely to occur gradually over time. That has probably already started, but the end state is far from clear.
Christians brace for release of Religulous
The Westminster saga
Mouse's advice is simply to stop leaking names, and sort it out as quickly as possible.
Sunday, 22 March 2009
Churchdaq

Saturday, 21 March 2009
Labour is hanging on to the Catholic vote
Ed West in the Telegraph thinks this is a form of masochism. He says, "Labour may have ditched Marx but it has also ditched Methodism, and within its ranks are many strident anti-Christians who think Catholicism the most perverted strain of a reactionary cult, and who want to drive religion out of every area of life. Under Labour we have had the Human Fertilisation and Embryology Bill, the incredibly illiberal and cruel Equality Act (Sexual Orientation) Regulations (better known as the gay adoption law) and frequent attacks by that privately educated thug Ed Balls on church schools. And every time the Government puts the boot in, the Catholic Church says, "more sir, more".
Paul Waugh, in the Evening Standard, meanwhile reports on calls from the Vatican for Gordon Brown to be given the Nobel Prize for economics of all things. The argument is that Brown is trying to maintain aid flows to poor nations despite the recession. Ironic, since many believe Brown to be one of the reasons why the recession is expected by the IMF to be worse in Britain than in almost all other developed economies.
Mouse finds this all rather disconcerting. The Catholic Church does have a liking for centralised power structures, but this hardly explains the love in with the Church hierarchy and the loyalty of the congregations. Perhaps it is more simple and Brown's overtures to the Pope and Cardinal O'Connor are paying dividends.
Friday, 20 March 2009
Blair finds a new reason why he didn't 'do' God in office
Friday round up
Thursday, 19 March 2009
Interesting news from Spain
What makes that more interesting is news that Spain plans to relax its anti-abortion laws, and in response the Catholic Church in Spain is launching a new anti-abortion campaign.
Looks to Mouse like there is some social change going on in Spain that the Church needs to understand.
Selling the family silverware
Wednesday, 18 March 2009
Papal falability
1. Pope silent after the collapse of the Legionaries of Christ after their leader was revealed to be living a double life.
2. The Catholic Church in Brazil excommunicate the doctors and mother of a 9 year old rape victim for assisting in an abortion. The girl had been raped by her step father and became pregnant. The Archbishop said that the abortion was a worse crime than the rape, and as such the rapist was not excommunicated.
3. On his way to Africa, the Pope says that condoms make the AIDS problem worse.
By the strict dogma of the church, there is nothing wrong in any of these decisions or actions. Its just when common sense is applied, and headline writers get going, that they look like clangers. These are huge failings in media management.
The effect of these actions is, for example, that the Church is seen as taking the side of a hypocrite in the Legionaries of Christ, rather than standing up for those he duped. It is seen as taking the side of a rapist, and standing against his child victim. I'm sure that nothing could be further from the truth, but to those outside the church, that is how it looks. It seems to the Mouse to be ... a mistake.
Twogcasting
Back in 2005 it was all the rage to pose important people the question, "what's on your iPod". George Bush got the treatment, amongst many others, as the iPod was a new phenomenon and it was meant to say something about you. Clearly things have moved on. Or have they? Mouse thinks it is now an interesting question again. Not because I want to know what music you've ripped from your 1990s CD collection, but because I'm interested in which podcasts you follow.
Mouse is pretty into podcasting, and thinks of it as the prettier, but less intelligent, younger sister of blogging. Blogging is more like journalism on the go. It favours shorter opinion pieces, but with the flexibility to link into the multi-media interweb, its a powerful way to communicate. Podcasting has to be lighter on content as it is likely to be listened to on the move, rather than read carefully with one's full attention, but can be equally engaging.
Lately Twitter has entered the mix, as a form of micro-blogging, drawing the Facebook approach to social networking into the blogging world. Many bloggers (such as the Mouse) have Twitter linked to their blog, and supplement it with additional Tweets in a more dynamic form of communication with 'followers' than the strict formalities of a comments page would allow.
So we've got our three elements there - Twitter - Blog - Podcasting. At the moment, Twitter doesn't handle multi-media well. Blogs are OK for multimedia, but are inflexible in the delivery mechanisms (essentially you have to be online, or use a desktop feed aggregater). Podcasting is great when on the go, but is one dimensional - it is sound only. Mouse is now going to make a prediction. Mouse reckons that with the improvements in portable computing, such as the iPhone, these three media will come together. The software isn't there yet, but why can't my blog allow some narrated comment over the top of dynamic multi-media content, with a real-time Twitter-style interface for comment and interaction?
One day, my readers. One day soon.
Mouse will start an occasional feature to recognise those pioneering the way with early examples of Twogcasting, and will keep you posted as and when.
First up - the newly revamped greenbelt blog, along with podcast and numerous Twitterers.
Tuesday, 17 March 2009
The Big One - First ArchTwishop
I had planned on stopping announcements of Twittering Bishops, but Big John's Twittering is newsworthy.
The Mousification of the church is beginning.
H/T Church Times blog.
Update: For those sceptics who think this may be a fake, the Church Times blog links to the Archbishop's press officer on Twitter, who clearly believes it to be a real account.
First Jade, now Gazza
Monday, 16 March 2009
This article is brought to you by ...
That led Mouse to think about corporate take-overs of other religious festivals. The top five would have to be:
1. Guinness on St Patrick's day
2. Cadbury's Cream Eggs at Easter
3. Jiff Lemon on Shrove Tuesday
4. Clinton Cards taking over Mothering Sunday (yes it was originally a religious festival)
5. The hot cross bun industry taking over Good Friday
Mouse thinks it would be rather fun to simply to allow official sponsorship of religious festivals by the Church. If Cadbury's would go fair trade for its cream eggs, why shouldn't we give them out in Church in return for a handsome contribution to the organ fund? Considering how much companies pay to be the 'official toilet roll of the Olympics', or the equivalent for whatever they make, I imagine they would pay through to nose to be 'the official calendar of Advent 2010'. That could go a long way to plugging the hole in the church's pension fund, and might head off the normal moaners who complain about the commercialisation of Christmas / Easter / others.
FYI if you thought that Coca Cola 'invented' the modern image of Santa Clause, it turns out this isn't true.
Bishop Nick Baines joins Twitter
Shock headline of the week

Sunday, 15 March 2009
Welcome to another Twittering Bishop
Just another thought. You might want to try setting up a Twitter account. You can hook that up to update from your blog with twitterfeed. Bishop Alan Wilson is a prolific Twitterer, and Pete Broadbent is an occasional Twitterer too.
Mouse
Skating to return to Malmesbury Abbey
Pope will visit Britain (according to the Telegraph)
Interestingly they also claim, "Sources close to Gordon Brown said that controversial plans to reform the 1701 Act of Settlement are 'very much alive' - despite official statements to the contrary." This is the Act that would prevent a Catholic from becoming King or Queen.
The Telegraph story comments on strained relations with the Catholic church after the Embryo Bill, which potentially allows research using human-animal hybrid embryos, and disagreements over homosexual equality, particularly with Catholic adoption agencies.
Mouse simply can't believe that at a time like this, with economic turmoil causing huge social strain and Labour at least 10 points behind in the polls ahead of an election next year, anyone in government is seriously focused on changing the Act of Settlement. It would require consensus across 53 Commonwealth countries which would take a huge diplomatic effort.
I doubt many would disagree now that the ban of Catholics becoming King or Queen is now a relic of history, but there seems absolutely no reason to change it right now, and this government really should have better things to do.
Mouse has commented on the government's courting of the Catholic vote before, so there is a chance this is just more spinning from the government.
Saturday, 14 March 2009
Debaptism and engagement with atheists
Did you do something funny for money?
Friday, 13 March 2009
The God spot in Andrew Brown's brain
Friday round up
1. Nick Baines on the anniversary of the death of Martin Niemoeller
2. Andy Roberts makes Mouse feel better about his Facebook woes
3. The Ugley Vicar on the Buddhist Bishop
4. More from Bishop Nick on Jade Goody's baptism
5. Thinking Anglicans explain ecclesiology
6. Ruth Gledhill tells us the Pope will start using the internet
7. Dizzy celebrates world kidney day - did you?
8. Cranmer is not impressed by the policing of the Luton demo
9. Bess Twiston Davies on the Starbuck Zionist conspiracy in Faith Central
10. Andrew Brown on the brain's God spot
Surefish church website awards - nominations open
If you reckon your church website is the best, now is your moment. Surefish have opened nominations for their church website awards. The categories are:- - Local Church Website of the Year
- - Regional Website of the Year
- - Christian Blog of the Year
- - Denominational Website of the Year
- - Christian Youth Website of the Year
- - Most Innovative Christian Website of the Year
Thursday, 12 March 2009
Celebrate Mohammed's birthday in church
What gives this a little more spice is the fact that the Cardinals are meeting at the Vatican to decide who will be the next Archbishop of Westminster. Archbishop Nichols now seems an outsider for the post, but if he is selected this story could have more legs.
The Luton loonies
The Church's mammon and where £1.2bn of it has gone
The detail of the report showed that there were significant holdings in the stock market, property and in corporate bonds. The biggest share holdings were in oil companies Royal Dutch Shell (£180.2 million) and BP (£144.3 million), with Vodafone third at £133.7 million, and HSBC fourth at £125.6 million. There were also shares in pharmaceutical companies such as GlaxoSmithKline and Roche; supermarkets such as Tesco, Morrison’s, Marks and Spencer, and Sainsbury’s; food manufacturers such as Cadbury Schweppes and NestlĂ©; and software giants such as Microsoft, Apple, and Google (all within the fund's ethical investment guidelines).
Hindsight can be a wonderful thing, but sometimes it can make you sick. We now hear the Commissioners report that the fund has lost around 22% of its value, equating to around £1.2bn.
For a business, this sort of loss would be pretty disastrous. Shareholders would probably lose their dividend, staff would probably be laid off, heads would probably roll in the boardroom. But at the good old CofE the Commissioners have tried hard to put a positive spin on things. Andrew Brown, secretary to the Church Commissioners, told the Church Times that they would not cut diocesan finding this year saying that the 22% loss was not as bad as the stock market in general. He also said, “It’s good news that we are able to make available the money in capital markets that we said we would. We are no different from any other investor: we have the same pressures as any other investor.” Mouse thinks you different from other investors in a number of important ways.
Mouse thinks this is totally unacceptable. I'd like to know why the church was chasing market leading returns by investing in the high risk stock market and what sort of investment advice did they receive that failed to tell them to divest of the high risk securities before the poop hit the fan?
Ultra conservative investment portfolios were not fashionable at the height of the bull market, but conservative institutions such as Lloyd's of London (the insurance market, not to be confused with the bank) accepted lower returns and are now laughing at those who have lost their shirts.
A quick look at the 2007 annual report shows the scale of the problem. The fund was targeting a return of 5% above inflation, an insanely high target for an institution like the church. That high level of reward can only be achieved by taking a high level of risk.
The fund was made up of over 60% equities and only 5% in low risk cash and bonds. There were also big holdings in property, at a time when it was widely predicted that the property market was over-inflated. Compare this with the Lloyd's of London investment portfolio. That held around 70% in cash and bonds and only 10% in risky equities. They generated a more conservative, but still healthy, return of a little under 6%.
Andreas Whittan Smith is the First Church Estate Commissioner opens his introduction to last years accounts with the words, "The substantial funds of the Church Commissioners are managed on the basis that they are a perpetual endowment. They are to last, if you like, for ever." He commented, "I believe our position is prudent."
Well the Mouse doesn't.
The report is stuffed full of quotes that make the toes curl with the benefit of hindsight, such as, "We are looking to extend our holdings beyond the UK commercial property market. Chief Surveyor Joseph Cannon says ‘Our purchase of a stake in a Manhattan-based residential property fund has produced strong returns in 2007 and will contribute to the future long-term strength and diversity of our fund.’ Well the US property market could hardly have tanked more than it did in the subsequent 12 months.
The impact of all this is yet to be fully understood, but will undoubtedly be serious. The Church Commissioners are an important source of funds for the good old CofE. The church pension scheme, currently in deficit to the tune of £140m, was funded by over £100m in 2007 by the Church Commissioners. The Commissioners also contributed around 18% of the Church's funding last year.
Mouse thinks that there must be a serious review of the mandate of this investment fund, as well as its governance, to make sure there is an appropriate target return for the fund and an appropriate risk appetite. Not only should that money be managed for the long term benefit of the mission and ministry of the church, but how can the church talk to families and communities about the prudent management of their finances with this as the backdrop?
If this year's annual report takes as long as last year's to produce, we can look forward to reading the gory details in about six weeks time. Mouse will post more when that is out in the open.





