Wednesday, June 28, 2023

WCC NEWS: WCC central committee approves financial strategy that includes Green Village

In approving a financial strategy for the World Council of Churches (WCC), the WCC central committee considered membership contributions, expenses related to the WCC 11th Assembly, the Green Village development project, and other fiduciary aspects.
Photo: Albin Hillert/WCC
27 June 2023

The central committee noted that it “appreciates the general secretary’s commitment, and intentional approach to nurturing relations in the fellowship, in calling member churches to be in contact with him directly to discuss their situation, rather than remain silent on the reason for membership contributions unpaid.”
The central committee also required that, in future reports, significant issues concerning financial reporting, internal controls, accountability, and compliance with laws and regulations, and income-generating projects also include those matters decided upon by recommendation of both the programme sub-committee and the finance sub-committee.

The governing body also discussed the Green Village, discussing ways in which to gain clarity on what may be owned by the WCC in the future, and reviewed sales and decisions taken on plots.

“In conclusion, at the end of the sales process, WCC will own the Ecumenical Centre, as well as either one or two additional buildings, being Lima and possibly Rio. It will also own a substantial and proportionate share of the gardens,” reads the report.

In summary, the governing body approved a financial strategy for 2023-2030.
 

Report of the Finance Policy Committee

WCC Annual Review and Financial report

Green Village

Photo gallery of the WCC Central committee meeting

WCC Central committee meeting, June 2023

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The World Council of Churches promotes Christian unity in faith, witness and service for a just and peaceful world. An ecumenical fellowship of churches founded in 1948, today the WCC brings together 352 Protestant, Orthodox, Anglican and other churches representing more than 580 million Christians in over 120 countries, and works cooperatively with the Roman Catholic Church. The WCC general secretary is Rev. Prof. Dr Jerry Pillay from the Uniting Presbyterian Church in Southern Africa.

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