- All Records
- Anglican Church of Canada Resolution Corporation
2008 Consolidated Financial Statements #040-05-09-05 : Approval of Financial Statements
http://archives.anglican.ca/en/permalink/official9586
- Date
- 2009 May 8-10
- Source
- Council of General Synod. Minutes
- Record Type
- Resolution 06-05-09
- Date
- 2009 May 8-10
- Record Type
- Resolution 06-05-09
- Mover
- Canon Judy Darling
- Seconder
- Bishop Michael Hawkins
- Prologue
- Ms. Michèle George presented the audited 2008 Consolidated Statements as of December 31, 2008 and the report of the Audit Committee. She acknowledged the work of Interim Treasurer Michael Herrera in improving the presentation of the statements to make them more transparent and to bring them into alignment with compliance requirements and the budget.
- Ms. George reviewed the financial statements illustrating the changes that had been made. She reported that General Synod was in a healthier financial position than in 2007.
- Text
- That the Financial Statements of the General Synod of the Anglican Church of Canada Consolidated Trust Fund and the Anglican Church of Canada Resolution Corporation for the fiscal year ended as at December 31, 2008, be approved, as amended by the Audit Committee. CARRIED #06-05-09
- Subjects
- Anglican Church of Canada - Finance
- Anglican Church of Canada Resolution Corporation
- Anglican Church of Canada. Consolidated Trust
Amendment to the Handbook - Audit Committee #038-03-05-05
http://archives.anglican.ca/en/permalink/official9073
- Date
- 2005 May 6 - 8
- Source
- Council of General Synod. Minutes
- Record Type
- Resolution 08-05-05-05
- Date
- 2005 May 6 - 8
- Record Type
- Resolution 08-05-05-05
- Mover
- Canon Robert Falby
- Seconder
- Mrs. Betty Livingston
- Text
- That Appendix J, Section II (Audit Committee) para. b) subsection iv be amended to relate to the Pension Office Corporation, the Anglican Church of Canada Resolution Corporation and other divisions or organizations and that these amendments be referred to the Handbook Committee. CARRIED #08-05-05-05
- Subjects
- Anglican Church of Canada - Auditing
- Anglican Church of Canada. Audit Committee
- Anglican Church of Canada - Finance
- Handbook of the General Synod of The Anglican Church of Canada
- Pension Office Corporation of the Anglican Church of Canada
- Anglican Church of Canada Resolution Corporation
- Incorporation - Religious aspects - Anglican Church of Canada
- Anglican Church of Canada. General Synod. Handbook Concerns Committee
Anglican Church of Canada Resolution Corporation Financial Statements
http://archives.anglican.ca/en/permalink/official10608
- Date
- 2018 June 1-3
- Source
- Council of General Synod. Minutes
- Record Type
- Resolution 12-18-06 [sic i.e. 12-06-18]
- Date
- 2018 June 1-3
- Record Type
- Resolution 12-18-06 [sic i.e. 12-06-18]
- Seconder
- Canon David P. Jones
- Prologue
- AUDITED FINANCIAL STATEMENTS #007-16-18-06 to 007-22-18-06
- Chair of the Financial Management Committee (FMC), Mr. Robert Saffrey, and the Most. Rev. Colin Johnson, Chair of the Audit Committee, presented FMC’s report and the audited financial statements for The Anglican Church of Canada Resolution Corporation, The Anglican Church of Canada Consolidated Trust Fund, and the General Synod of The Anglican Church of Canada. Ms. Hanna Goschy, Treasurer and CFO, was on hand to address questions from Council. Highlights from the presentation included the following:
- - Archbishop Johnson reviewed the process for the audited financial statements and reminded Council that they approved the appointment of Grant Thornton LLP as auditor for General Synod fiscal 2017 at their June 23-25, 2017 meeting (see document #004-01-17-11, page 12). FMC recommends reappointment of Grant Thornton LLP for General Synod fiscal 2018.
- - The audited financial statements were reviewed in detail and Council had the opportunity to ask questions.
- - The overall revenue for General Synod of The Anglican Church of Canada for 2017 was $11,938,059, which is a decrease of $449,487 from 2016. Overall expenses totaled $11,416,845, which is $1,245,961 less than 2016. The resulting surplus of core revenues over expenses was $521,214.
- - The operating fund surplus (before transfers to reserves) is $1,519,736. While the total investment income was $998,523, realized and unrealized capital gains amounted to $729,057 and do not form part of the operating budget as they fluctuate from year to year based on financial market returns. The surplus was still $790,639 after factoring out these gains. Staff vacancies have been filled and as a result, it is expected that the 2018 actual expenditures will be in line with budget and it is not expected a significant surplus will be seen again in 2018.
- - Proportional giving from dioceses was slightly higher than budgeted, but $70,000 lower than 2016. Council was reminded that proportional giving is the largest source of revenue for General Synod.
- - The Investment Sub-Committee has reviewed investment performance, as well as the asset mix, ranges, and benchmark indices within the current Statement of Investment Policy. Overall performance for the year ended December 31, 2017 was 8.1% versus a benchmark of 7.2%.
- Questions and comments were welcomed. Among the questions asked, Council members inquired about: how many dioceses are net contributors (twenty); whether the Anglican Fund for Healing and Reconciliation and the Ministry Investment Funds are part of the totals for internally designated net assets in the Consolidated Trust Fund (they are not); the difference between governance and administration (governance includes CoGS, boards, committees, councils, and Council of the North while administration includes salaries and benefits); and General Synod’s administrative cost (thirteen percent, a very low cost for not-for-profit organizations).
- The following resolutions were placed before Council.
- Refer to document # 007-19-18-06
- Text
- THAT the Council of General Synod approve the audited financial statements of The Anglican Church of Canada Resolution Corporation for the fiscal year ending December 31, 2017.
- ADOPTED #12-18-06 [sic i.e. 12-06-18]
Auditor’s Report and Financial Statements
http://archives.anglican.ca/en/permalink/official9409
- Date
- 2007 June 19-25
- Source
- General Synod. Minutes
- Record Type
- Act 22
- Mover
- Canon Robert Falby
- Seconder
- Mrs. Judy Darling
- Text
- That this General Synod approve the Auditors Report and the audited Financial Statements of the General Synod of the Anglican Church of Canada, the Anglican Church of Canada Consolidated Trust Fund and the Anglican Church of Canada Resolution Corporation for the fiscal year ended as at December 31, 2006.
- CARRIED WITHOUT DEBATE Act 22
- Subjects
- Anglican Church of Canada - Auditing
- Anglican Church of Canada - Finance
- Anglican Church of Canada. Consolidated Trust Fund - Auditing
- Anglican Church of Canada Resolution Corporation
Auditor’s Report and Financial Statements
http://archives.anglican.ca/en/permalink/official10627
- Date
- 2016 July 7-12
- Source
- General Synod. Minutes
- Record Type
- Act 14
- Seconder
- Mr. Robert Dickson
- Text
- That this General Synod approve the audited Financial Statements of the Anglican Church of Canada Resolution Corporation for the fiscal year ended as at December 31st, 2015.
- CARRIED Act 14
- Subjects
- Anglican Church of Canada. General Synod - Finance
- Anglican Church of Canada Resolution Corporation
FINANCIAL MANAGEMENT COMMITTEE REPORT #007-10-11-03 : Approval of the Financial Statements of The Anglican Church of Canada Resolution Corporation
http://archives.anglican.ca/en/permalink/official9849
- Date
- 2011 March 31 - April 3
- Source
- Council of General Synod. Minutes
- Record Type
- Resolution 13-03-11
- Date
- 2011 March 31 - April 3
- Record Type
- Resolution 13-03-11
- Mover
- Archbishop Colin Johnson
- Seconder
- Archdeacon Harry Huskins
- Text
- That the Financial Statements of The Anglican Church of Canada Resolution Corporation for the fiscal year ended as at December 31, 2010, be approved.
- CARRIED #13-03-11
- Subjects
- Anglican Church of Canada Resolution Corporation
- Anglican Church of Canada - Finance
- Anglican Church of Canada - Auditing
Handbook Concerns Committee #045-02-05-11 : Audit Committee Terms of Reference
http://archives.anglican.ca/en/permalink/official9134
- Date
- 2005 November 17-20
- Source
- Council of General Synod. Minutes
- Record Type
- Resolution 20-11-05
- Date
- 2005 November 17-20
- Record Type
- Resolution 20-11-05
- Seconder
- Archdeacon Susan DeGruchy
- Prologue
- General Synod's Act of Incorporation
- Chancellor Stevenson reported that, after he and Archdeacon Jim Boyles appeared before the Standing Committee on May 4 [2005], the Bill to amend the General Synod's Act of Incorporation with respect to investment powers was passed by the Senate on May 10 [2005] and by the House of Commons on May 19 [2005] on which date it received Royal Assent and became law.
- Text
- That the terms of reference of the Audit Committee as set out in Part II of Appendix J of the Handbook of the General Synod be amended by deleting paragraph b) iv and substituting the following:
- iv. Receive the audited statements of The Pension Office Corporation of The Anglican Church of Canada and The Anglican Church of Canada Resolution Corporation, and to ensure that their audits are complete and their statements compatible with those of the General Synod. CARRIED #20-11-05
- Subjects
- Anglican Church of Canada. Audit Committee - Terms of reference
- Anglican Church of Canada - Auditing
- Pension Office Corporation of the Anglican Church of Canada
- Anglican Church of Canada Resolution Corporation
- Handbook of the General Synod of The Anglican Church of Canada
- Incorporation - Religious aspects - Anglican Church of Canada
SETTLEMENT AGREEMENT AND RESOLUTION CORPORATION
http://archives.anglican.ca/en/permalink/official10484
- Date
- 2014 May 3-5
- Record Type
- Resolution
- Seconder
- Ms. Jennifer Warren
- Prologue
- [Page 9]
- Committee of the Whole
- Moved by: Canon David Jones, Chancellor
- Seconded by: Mrs. Cynthia Haines Turner, Deputy Prolocutor
- That the Council move into Committee of the Whole.
- ADOPTED
- The Chancellor distributed a briefing note on the history and current status of the Settlement Agreement. He explained that should the Roman Catholic Church not raise their full amount required under the Residential Schools Settlement, further matching would not be required. There is about $2.6 million, currently held in reserve, that could be returned to the General Synod and the dioceses.
- He presented three items for discussion noting that a resolution would be brought to COGS at the November 2014 or May 2015 meeting.
- Text
- That the Council move out of the Committee of the Whole.
- ADOPTED
- Notes
- [Page 15]
- Canon Jones said that the Settlement Agreement would not be revisited at this point and that there is ample time for reflection and discussion before a decision is required.
- Subjects
- Settlement Agreement
- Indian Residential Schools Settlement Agreement (IRSSA)
- Anglican Church of Canada Resolution Corporation
- Anglican Church of Canada - Residential schools
- Catholic Church - Canada - Residential schools
- Anglican Church of Canada - Finance