The Diocesan Trust typically refers to a legal entity established to manage and hold property, assets, and finances on behalf of a diocese in it’s boundaries in Tonga, Fiji, Western Samoa, American Samoa.
Here’s a breakdown of what a Diocesan Trust involves:
- Purpose
To own and manage property and assets (like churches, schools, offices, and land) used for religious, educational, or charitable purposes.
To ensure that assets are used in accordance with church law and charitable objectives.
- Legal Structure
Often set up as a charitable trust or incorporated body under local laws in Fiji.
The trustees are typically senior clergy and laypersons appointed to manage the trust’s affairs responsibly.
- Functions
Holding title to church properties on behalf of the diocese.
Managing funds and investments for diocesan programs, clergy support, schools, and social services.
Ensuring compliance with legal and regulatory requirements, including reporting and audits.