Church Building & SDAA LTD Steve Okelo BUC Presented by

Church Building & SDAA LTD

Steve Okelo BUCPresented by


WORKSHOP 3: BRAINSTORMING SESSION ON IDEAS OF HOW TO FUNDRAISE FOR YOUR CHURCH

BUILDING

1. Write down 10 different ways of fundraising

2. List different ways of promoting the ideas written down in 1 above.


W

What is SDAA LTD?

• It represents Seventh- day Adventist Association Ltd.

• It is the legal arm of the church

• Titles of church buildings and land are registered under and owned by SDAA

• SDAA can sue and can be sued


History

• On the 24th August 1906, the Seventh-day Adventist Union Ltd was incorporated.

•Twenty seven years later, it had a name change and became British Advent Missions Ltd (10 March 1933) •


cont.

• Further down the line on 29th March 1976, had another name change—and became the Seventh-day Adventist Association Ltd.


cont. - And finally, a subsidiary company was formed—the Seventh-day Adventist Trust Company Ltd on 28 June 1982. Seventh-day Adventist Association Ltd is a registered charity, Seventh-day Adventist Trust Company Ltd is not.


The Role (Outline)

-To facilitate the legal process of church building acquisition, church building disposals, land acquisition and disposal.

- Established churches who have their properties may wish to rent out part of the properties to the local communities; SDAA will also facilitate the legal drawing up of the contract.

Church Building & SDAA LTDcont.

-Local churches may sue or be sued through SDAA

- Contracts for building of a church are also drawn out in the name of SDAA.

- SDAA Ltd has been able to assist in the building or purchase of a number of churches via Bank loans.


Cont.

Among those who have benefited are: Balham, Clapton, Hounslow, Lewisham, Pendeford, Stanborough Park, Stratford, Wembley , Woodgreen and Yardley, Some of these have completed the repayment of their loans—others are just starting. Without exception, the repayments are being made on time.


Process of church acquisition

• The initiative starts with the local church by developing their evangelistic vision, whether they want to have a larger congregation, provide facilities for the local community e.g. schools, conference services etc

• Discuss the vision with the church board and gets its approval.


- Start viewing properties

•Aim to have the full picture •Preparation – Background Research•Make sure you view during the Day• If you like it view Again in the Evening•Ask Direct and blunt Questions•Be “Nosy”


cont.

• Does it needs a face lift ?

• Is it in a Conservation area or

• Is it a listed building


Location Location Location

• Main Road

• Pub

• Club

• Rail Lines

• Overhead Flight Path

• Feel of Community Friendly ?

• Car Park


Location cont.

• Public Transport

• Plans for Development

• Crime level in area

• Neighbors – Noisy?

• Neighbors disputes


cont.

• Communicate this vision with the conference Treasurer who is their first contact person regarding properties

•The conference treasurer will give an appropriate advice.


...cont.

•If his/her advice is to go ahead then he/she will present it at the conference executive board who will consider the matter and approve it or otherwise


...cont.

•The conference will do all the necessary due diligence on the proposal.

•They will then forward that to the SDAA board, who will consider the proposal.


Legal Process

• Solicitors Receives Draft contract Package

• Obtain Further proof of Title

• Local Council Search

• Raise Additional Enquiry

• Receives Proof of Ownership

• Engrossed Contract- prep. Signatures


EXCHANGE OF CONTRACT

• Legally binding on both sides

• Gazumping – Property laws must be written.


Completion of Contract

• Day when transaction is finalised.

• 14/28 days after exchange


The End

Documents

Church Building & SDAA LTD Steve Okelo BUC Presented by