The deficits are expected to be: $495,000 in 2024, $1.45 million in 2025, $460,000 in 2026 and $524,000 in 2027.
Income from diocesan contributions is projected to fall from $7.25 million in 2021 to $6.93 million in 2024.
The Anglican Church of Canada likes to think of itself as identifying with the poor. This should help.
Read all about it here:
The Anglican Church of Canada’s national office is forecast to have a balanced budget this year—but substantial deficits and program cuts are likely in the years to follow, documents prepared for the November meeting of Council of Synod (CoGS) state.
The budget for 2023 is expected to have a modest surplus of $43,000, according to a budget document prepared for CoGS and dated Oct. 27. This includes the projected cost of $791,900 for the meeting of General Synod planned for the summer, as well as a gathering of Sacred Circle planned in the spring. To balance its budget, the church will use just over $1 million in funds that were set aside in previous years to cover these expenses, General Synod treasurer Amal Attia told CoGS. The national church was expected to have a similarly modest surplus in 2022, she said.
Prospects for coming years, however, as revenues are expected to fall, are not as rosy. The Oct. 27 document forecasts a deficit of $495,000 in 2024, $1.45 million in 2025, $460,000 in 2026 and $524,000 in 2027, and a budget narrative predicts cuts at Church House.
“Years 2023 to 2027 in the trend indicate that in the absence of increased revenue, program cuts will likely be necessary,” it states.
The budget projection shows expected revenues from diocesan contributions—by far the largest element of the national office’s revenues—falling from 2021’s $7.25 million to $6.93 million in 2024, and then staying at $6.93 million until 2027, the last year covered by the projection.
“God’s work, done in God’s way, will never lack God’s supply.” [Hudson Taylor]
It was Canada’s Presbyterian Minister+Missionary, (Knox College, 1887), The Reverend Dr. Jonathan Goforth (1859 + 1936) who read Hudson Taylor’s ‘China’s Spiritual Needs and Claims’; answered The Call to go and serve there: diagnosing in his own ‘Miracle Lives of China’ (1931), “No other book in the world is going to save China but this Book.”.
The Canadian Bible Society is sponsoring Bibles for China:
beyond The Wall, as it were. The LORD Bless them all