The Church Commissioners have today announced their annual results for 2011 with a lengthy press release starting “The Church Commissioners have today published their full Annual Report and Accounts for 2011, announcing a 2.9 per cent total return on their investments during 2011 and confirming the fund’s strong long-term performance.”
Also available for download are
The full reports from two previous years are also available: 2010 and 2009.
It is good to see the annual report out. The quarterly reports, which used to be provided – and this would be the cycle for the corporate sector – seem to have been discontinued. I don’t want CC to spend lots of money on extra reporting, nor do I want them to be under undue pressure for short term performance – but accountability, and up-to-date figures on a cycle for general synod meetings would give a chance to tell their story a little more regularly.
There are quarterly reports available here.
http://www.churchofengland.org/about-us/structure/churchcommissioners/annual-and-quarterly-reports/first-commissioner%27s-quarterly-update.aspx
I’ve sampled a few and they appear to be two to three pages long.
Can I state for the record…these finances and assets are the real reason why there will not be a split in the Church of England, resulting in large numbers of clergy leaving.
Peter – the last one was March 2011 published 1 June 2011. The series appears to have stopped.
Mark,
By the look of the interim report of the Kay Review of equity markets, there’s a strong move afoot to abolish quarterly financial reporting in the corporate sector, because apparently it encourages short-termism. Who knew?
There are some positive statements about mission and growth in the report, but I notice that overall spending on parish mission and ministry funding has dropped 20% from 2010, whilst spending on bishops has risen 10%. There doesn’t seem to be anything in the report which explains this.