Updated Saturday evening
This press release comes from the Church of England:
Lambeth Conference: funding
The Lambeth Conference Funding Review Group has published its report. The review was commissioned last August by the Board of Governors of the Church Commissioners, and the Archbishops’ Council of the Church of England following an approach from the Lambeth Conference Company* for financial help.
The Review Group, chaired by John Ormerod, a former partner of accountancy firm Deloitte, makes a number of recommendations to be acted on by the Lambeth Conference Company and the Anglican Communion Office.
The Board of Governors of the Church Commissioners and the Archbishops’ Council each agreed, last August, to make available to the Lambeth Conference Company up to £600,000 as required to enable the Company to honour its commitments while fundraising efforts continued. Both bodies regarded these amounts as interest free loan facilities. Of the £388,000 actually borrowed by the Company, £124,000 has now been repaid, leaving £132,000 owing to each organisation as fundraising continues.
By the end of 2008, the review reports, the projected deficit had reduced from an estimate of over £1 million in August 2008 to £288,000, in part as a result of further fundraising efforts and in part due to actual costs proving lower than had been cautiously projected earlier in the year. The total cost of the event was £5.2million, as against the budget of £6.1million.
*The Lambeth Conference Company is the body given responsibility for managing the finances and administration of the Lambeth Conference 2008.
The main report is available as a .doc file.
Update Now also available as a PDF file.
Appendices are available as a PDF file.
From the Notes to editors:
The review group’s members were: (chair) John Ormerod, a former partner of accountancy firm Deloitte; the Rt Revd Tim Stevens, Bishop of Leicester and member of the Archbishops’ Council; Dr Christina Baxter, principal of St John’s theological college, Nottingham and also an Archbishops’ Council member; and Timothy Walker, Third Church Estates Commissioner. The group had staff support from two people provided via the office of the Church Commissioners.
There has already been generous support from the Church of England for the Lambeth Conference. Parishes and dioceses have made donations towards the costs of overseas bishops attending and the Church Commissioners have met the fees of the English bishops and their wives attending the Lambeth Conference, the costs of some of the conference organising staff, and some of the hospitality offered by the Archbishop of Canterbury.