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• The Church Commissioners manage assets worth over £5.3 billion on behalf of the Church of England. In what was a turbulent third quarter equities produced relatively weak returns. The figures for the nine month period to 30 September remain positive: 4.1% for the Commissioners' UK equities and 9.8% for their global equities.

• The Commissioners' bonds offered a secure investment during this volatile period and our UK gilts holdings produced a 4.1% return in the quarter.

• Rural and residential property enjoyed positive market returns, including sales of strategic land sites worth over £40 million, subject to obtaining relevant planning permissions