• Annual Accounts

    The annual accounts are being considered by Synod Members. David Palmer proposes the accounts. There will be a lot more later on Pensions.

    The St Serf’s trust is to be wound up and its finances dispersed to several charities which help older people.

    Finances – David Palmer notes that income has been slightly higher than expected. Expenditure is £117K below budget. There is a surplus that is higher than expected – over £200K.

    Expenditure by boards was underspent due to grants not being spent and boards reigning in their expenditure.

    Lower than expected take up of ministry funds and some surplus because some curacies have ended sooner than expected.

    Accounts are reasonably healthy but still needs careful management. Standing Committee will be focusing on Whole Church Mission and Ministry Policy.

    Budgets – Boards and Committees have considered their budgets and made submissions to Standing Committee. Boards have been asked to critically review budget proposals. Legacies are capitalized and not used to fund current operating funds. General Synod is heavily dependent on investment income. Falls in stock market have been significant. £200 K a year lost. Note also the increase in pension contributions needed.

    Small surplus budgeted for in coming year.

2 responses to “Not merely patronising”

  1. Grandmère Mimi Avatar

    Bravo, bravo, Kelvin!. I’ve lost count of how many times I’ve read the text of the Anglican Covenant, and, with each rereading, I like it less. Bishop Matthews does indeed insult all of us who have spent time pouring over the odious document and found it wanting. It is just not Anglican. God bless the Scottish Episcopal Church for its brave stand and firm “No”. I was crushed when the Episcopal Church in the US did not stand with the SEC and vote a resounding “No” at its General Convention.

    Our convention “declined to take a position” on the covenant, but the result has been mischaracterized by the reports out of the ACC meeting as having made a “partial decision”. I can say with full confidence that TEC will never, ever adopt the covenant. I’m just sorry that we did not have the backbone to state that truth firmly by vote at GC.

  2. Markus Avatar
    Markus

    Bp Matthews needs to be shown this:
    http://www.archideaconalwhitterings.blogspot.in/2011/10/anglican-covenant-and-experience-of.html

    Obviously she does not have any clear understanding of the Anglican Communion.

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