The meeting of the Anglican Consultative Committee continues. Finances were not the only topic of conversation on day 2, but they were a good part of it.
ACNS (emphasis added):
Finance and administration \1
Director of Finance Andrew Franklin and ACC consultant and Vice Chair of the Finance and Administration Committee Robert Fordham presented the Report of the Inter-Anglican Finance and Administration Committee meeting and of the report of the external auditors Mazars. For new members Mr Franklin explained that income comes primarily from Inter-Anglican budget contributions, from the Compass Rose Society, from the guest house at St Andrew’s House and from other sources including publications and occasional gifts. This year’s income was good he said. In fact, it was better than expected, although less than the previous year. Mr Fordham reported that the auditors had given the finances “a clean bill of health”.
Responses from the committee to the presentation included an agreement to explore the desirability of employing a professional fundraiser. Another resolution was passed that the Director for Communications should find ways of sharing with the Anglican Communion the Report and Financial Statements of the ACC, in particular the work across the Communion facilitated by the Anglican Communion Office.
There was also a presentation on the Inter-Anglican contributions and it was noted that the amount of contributions had dropped overall by 9.6% in 2010 in part because of financial pressures within Provinces and also because some Member-Churches failed to pay their contribution. There was some discussion about how the contributions from each Member-Church should best be calculated. It was resolved that several members should undertake a review of this.
Early in 2010, the external auditors requested that the Standing Committee should have a Code of Governance. Since that time Mr Fordham has been working to produce such a document with the input of the Standing Committee, the Finance and Administration Committee and the ACC’s legal advisor Revd Canon John Rees. The final draft of the Code, with a slight amendment, was accepted by the Standing Committee.
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\1 Financial and administration reports will be made available on www.anglicancommunion.org
The Episcopal Church is a major contributor to the Inter-Anglican budget as is the US-based Compass Rose Society.
The report of the external auditors was also discussed on day 1 of the meeting. In particular,
Bishop Ian Douglas presented a discussion paper on the proposal that there should be a strategic planning exercise for the functioning of the Standing Committee in serving the ACC. ACC consultant Robert Fordham reminded committee members that this proposal, brought to the last Standing Committee meeting, was made by the Finance Committee in the light of the auditors’ recommendation that any charitable organisation should conduct occasional strategic reviews of the organisation’s operation and function. There had been, he said, no request from the auditors that the Standing Committee should undertake such a review. After some discussion it was decided not to proceed with a review at this time.