4 ms·
The same's true of even fairly innocent looking denominations in UK churches. If you're a large land/property owner (that doesn't have to pay business rates), w
by thom 3y ago
The same's true of even fairly innocent looking denominations in UK churches. If you're a large land/property owner (that doesn't have to pay business rates), with thousands of people willing to give you donations each week (on which you don't necessarily pay any tax) then it's hard to lose money even with dwindling congregations. The Church of England has something like £10bn of assets, but even small denominations own hundreds of both commercial and residential properties. A lot of the more liquid assets were invested in absolutely stuff like oil or tobacco companies, but most have at least attempted to move towards more ethical investments. Source: child of the manse.