World Council of Churches
Financial Report 2018 World Council of Churches 150 Route de Ferney P.O. Box 2100 1211 Geneva 2 Switzerland Contents
page
Report to the Member Churches on the 2018 Financial Report 5
Report of the Statutory Auditor to the Executive Committee 8 and to the Member Churches
Schedule I: Consolidated Balance Sheet 10
Schedule II: Consolidated Income & Expenditure Account 11
Schedule III: Consolidated Statement of Movements in Funds & Reserves 12
Schedule IV: Consolidated Cash Flow Statement 14
Notes to the Consolidated Financial Statements 15
Schedule V: Restricted Funds 34
Schedule VI (a) and (b): Restricted Funds Programmes 35
Schedule VII: Unrestricted and Designated Funds 37
Schedule VIII: Unrestricted Operating Funds 38
Annual Summary of Contributions 39
Non-financial Contributions 48
Note on Membership Contributions 52
Financial Report 2018 5
REPORT TO MEMBER CHURCHES ON THE 2018 FINANCIAL REPORT
We present with pleasure the financial report of the World Council of Churches for 2018. The year marked the start of the second four-year planning period since the 10th Assembly, with work shaped by the WCC Strategic Plan 2018-2021, and the accompanying financial strategy, approved by the central committee in June 2018. The 10th Assembly, Busan 2013, called the churches and ecumenical partners to join in a “Pilgrimage of Justice and Peace.” In 2018, the regional focus of the pilgrimage turned to Latin America and the Caribbean, and the WCC celebrated its 70th anniversary, with meetings with church leaders from around the world, including Pope Francis. In the year’s Annual Review, the general secretary affirmed that “our fellowship has taken concrete steps in the ecumenical quest for unity, precisely by walking, working and praying together.”
Financial results 2018 In 2018, the WCC reported total income of CHF 24.8 million, total expenditure and transfers of CHF 29.3 million and a resultant net decrease in funds and reserves of CHF 4.5 million. This result is close to the forecast reported to executive committee in November 2018. The table below compares the result with the budget for 2018, as approved by executive committee in November 2017.
Contributions income, gratefully received, totaled CHF 18 million, at budget level, and CHF 0.6 million higher than prior year. A slight strengthening of the Euro and other currencies against the Swiss franc, compared to prior year rates, was one favourable factor, accounting for about half of the increase. Other income totaled CHF 6.8 million, being CHF 1 million lower than budget, as a result of unrealized investment losses on the endowment fund, suffered in the last quarter of 2018. In the following four months, to April 30, 2019, the endowment fund recorded investment gains of CHF 0.8 million.
Net increase in funds compared to budget 2018 Executive committee approved a budget for 2018 with a reduction in funds and reserves of CHF 3.1 million. The table below compares the actual and budgeted movements in fund categories before transfers of funds to/(from) general reserves and other funds.
Budget 2018 Actual 2018 Variance fav/(unfav) CHF 000 CHF 000 CHF 000 Restricted funds Programme funds (2,433) (1,692) 741 Restricted endowment funds 66 (856) (922) Decrease in restricted funds (2,367) (2,548) (181)
Unrestricted and designated funds Designated fund for fixed assets (52) (1,103) (1,051) Designated fund for the building project (608) (368) 240 Unrestricted Funds: Bossey hotel and (48) (257) (209) conference centre Unrestricted and designated funds: other 8 (299) (307) Decrease in unrestricted & (700) (2,027) (1,327) designated funds
Total net decrease in funds (3,067) (4,575) (1,508)
Programme funds Expenditure was below budget by CHF 0.4 million in Unity, Mission and Ecumenical Relations, firstly because some part of the expenditure for the Conference on World Mission and Evangelism was incurred 6 Financial Report 2018
in 2017, although budgeted in 2018; and some planned activities for 2018 were postponed to match available funding. Expenditure was also under budget by CHF 0.4 million in Ecumenical Formation, with lower grant expenditure in Ecumenical Theological Education, and slightly lower numbers of students at the Ecumenical Institute compared to budget.
Unrestricted funds Unrestricted funds closed CHF 1.3 million lower than budgeted, principally because an additional depreciation charge of CHF 1 million was recognized concerning the Ecumenical Centre wings which are planned for demolition from 2022 to 2024 in the context of the Green Village real estate development project.
General reserves General reserves reflect assets available to the council, after meeting obligations and liabilities, and without recourse to land and buildings. In 2018, the general reserves closed at CHF 6.9 million, after transfer of CHF 270,000 to the programme funds, to cover the costs of the papal visit, and as authorized by executive committee in May 2018. The general reserves target was set by central committee in June 2018 at CHF 7 million.
The general reserves are covered by cash and Swiss franc bond funds, invested in accordance with the WCC Investment Policy.
Hotel and conference centre at the Château de Bossey In 2018, the Bossey hotel and conference centre reported a net deficit of CHF 257,000, well below the break-even budget set (2017: net deficit CHF 47,000). The hotel suffered a decrease in room occupancy compared with 2017, particularly in the first quarter. With adjustment for the depreciation charge covered, the result nonetheless represented a positive cash flow of CHF 214,000, almost covering the loan reimbursements of CHF 250,000. Capital expenditure for the facilities at Bossey totaled CHF 172,000 in 2018 (2017: CHF 250,000). During 2018, the former hotel and conference centre manager resigned, and a new manager was appointed. The net results for the first quarter 2019 reflect an improvement of CHF 135,000, compared to the first quarter 2018.
Membership income The WCC financial strategy 2018-2021 set as one outcome indicator for the period that the level of CHF 4 million in membership contributions be attained, and then sustained. In 2018, membership contributions totaled CHF 3.97 million (2017: CHF 3.84 million).
Of the 350 churches registered as members, 202 (58%) paid a membership contribution in 2018, representing an increase of 22 member churches paying a contribution compared with prior year (2017: 180 (52%) paid a membership contribution).
In 2014, the WCC central committee set a goal of increasing membership contributions by 2% to 5% per year with reference to the 2012 contribution levels. Many member churches increased their membership contribution in local currency during the period 2014-2017. In 2018, 131 member churches, or 65% of contributing member churches, contributed more in local currency than in 2017.
The Annual Summary of Contributions, included in this report, provides a comprehensive list of all membership contributions.
Capital expenditure Capital expenditure remained low in 2018 at CHF 380,000 (budget: CHF 619,000). Expenditure included CHF 106,000 for improvements in the residential building.
Deficit fund to be covered from the development project The council’s balance sheet includes a deficit fund of CHF 23.7 million, to be covered from the real estate development project. The deficit fund was recorded following the funding of an extraordinary Financial Report 2018 7
contribution of CHF 24 million to the WCC Retirement Fund in 2011. The WCC Retirement Fund was refinanced to the level required by regulatory authorities. Assets and obligations were then transferred to an independent collective pension fund, and the WCC Retirement Fund was liquidated.
Green Village In January 2018, the Area Development Plan (ADP) for the Green Village real estate development project came into effect, together with the classification of the main building of the Ecumenical Centre, and the Brugger garden.
Set in gardens, with walkways and cycle paths, Green Village includes six new buildings, with offices, an apartment building and a hotel-residence, grouped around the Ecumenical Centre main building, which is to be renovated. Principles of sustainability and ecology will be hallmarks of the project. The WCC aims to meet three objectives in realizing the project: namely, to reimburse a loan of CHF 24 million (see above); to renovate the Ecumenical Centre to the required standards and to meet future needs; and to generate rental income to cover operating costs.
In June 2018, at central committee, the steering committee launched the Green Village website, www.green-village.ch and announced that to honour work done to protect creation, the new buildings would be named Montreal, Kyoto, Lima, Rio, Durban and Stockholm, after cities in which environmental protocols were agreed.
The financial objective for Montreal, the residential building, was approved by executive committee in April 2019, with construction planned to commence in late 2019. Marketing work continues to seek tenants for the first administrative building, Kyoto.
Prospects for the future From 2015 to 2018, the council’s work has benefited from four years of stability in programme income, at the level of about CHF 18 million. The budget for 2019 is similarly profiled. The WCC Strategy 2018-2021 adopts a steady income scenario for the current four-year planning period. While WCC will continue to raise funds from UN agencies, governments and foundations, for particular project work in peace-building and social cohesion, it remains the faithful member churches and ecumenical partners who provide 95% of the resources which fund WCC programmes. As WCC plans for the 11th Assembly, in 2021 in Karlsruhe, it is as a fellowship of churches that WCC looks to the challenges ahead.
In March 2019, an independent land evaluation of the Ecumenical Centre estate estimated the site value at CHF 109 million, increased by CHF 75 million, as a result of the ADP and building permits now obtained. Green Village offers WCC the potential to meet its three objectives described above, and more. Under the guidance of the steering committee, WCC is working with Implenia, the developer and construction company; the Commune of Grand-Saconnex; and others involved in the development, with the aim of obtaining the WWF certification, One Planet Living,© for Green Village. The label is awarded where construction meets demanding principles for sustainable development, and owners, operators and the local authority commit to monitor ecological indicators over time. This is a long-term objective for WCC, in caring for the future and the environment.
Appreciation The council remains truly grateful for the constancy, generosity and partnership of the member churches, specialized ministries and others, expressed in their active engagement in its work and their support offered in so many ways. The council gives thanks for this continued solidarity.
Elaine Dykes Mark Johnson Director of Finance Finance Manager
14 May 2019 8 Financial Report 2018
Report of the Statutory Auditor to the Executive Committee and to the Member Churches of the World Council of Churches, Geneva
As statutory auditor, we have audited the accompanying consolidated financial statements of the World Council of Churches, which comprise the balance sheet, income and expenditure statement, statement of movements in funds and reserves, cash flow statement and notes, for the year ended 31 December 2018.
Executive Committee’s Responsibility The executive committee is responsible for the preparation of the consolidated financial statements in accordance with the requirements of Swiss law and the Council’s Constitution and Rules, and in accordance with the Council’s accounting policies. This responsibility includes designing, implementing and maintaining an internal control system relevant to the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. The executive committee is further responsible for selecting and applying appropriate accounting policies and making accounting estimates that are reasonable in the circumstances.
Auditor’s Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with Swiss law, Swiss Auditing Standards and International Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance whether the consolidated financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers the internal control system relevant to the entity’s preparation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control system. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion In our opinion, the consolidated financial statements for the year ended 31 December 2018 comply with Swiss law, as well as with the Council’s Constitution and Rules and the Council’s accounting policies.
We further came to the conclusion that the Annual Summary of Contributions is fairly stated in all material respects in relation to the consolidated financial statements. Financial Report 2018 9
Report on Other Legal Requirements We confirm that we meet the legal requirements on licensing according to the Auditor Oversight Act (AOA) and independence (article 728 CO) and that there are no circumstances incompatible with our independence.
In accordance with article article 728a paragraph 1 item 3 CO and Swiss Auditing Standard 890, we confirm that an internal control system exists which has been designed for the preparation of consolidated financial statements according to the instructions of the Executive Committee.
We recommend that the consolidated financial statements submitted to you be approved.
PricewaterhouseCoopers SA
Marc Secretan Coralie Dumollard Auditor in charge Audit expert
Geneva, 17 April 2019 10 Financial Report 2018
Schedule I Consolidated Balance Sheet Schedule I Consolidated Balance Sheet As atAs 31 at December31 December 2018 2018 (Swiss(Swiss Francs Francs 000's) 000’s)
Notes 2018 2017 CURRENT ASSETS Cash and cash equivalents 3 8,838 5,546 Contributions receivable 828 856 Other receivables 4 987 1,056 Prepaid expenses 274 986 10,927 8,444
NON-CURRENT ASSETS Investments 5 15,799 16,974 Land, property and equipment 6 34,945 37,241 50,744 54,215
TOTAL ASSETS 61,671 62,659
CURRENT LIABILITIES Accounts payable 7 1,687 2,010 Deferred income 8 4,723 314 Interest bearing loans 9 24,477 16,777 30,887 19,101
NON-CURRENT LIABILITIES Interest bearing loans 10 21,486 29,663 Deferred income 8 2,683 2,771 Provisions 22 444 378 24,613 32,812
FUNDS & RESERVES Restricted funds Programme funds 11 2,849 4,271 Restricted fund for fixed assets 12 - 1,592 Restricted endowment funds 13 8,587 9,443 11,436 15,306 Unrestricted & designated funds Designated funds Designated programme funds 14 283 283 Designated fund for fixed assets 12 10,299 10,438 Designated fund for building project 15 977 1,345 Deficit fund to be covered from development project 16 (23,710) (23,725) (12,151) (11,659) Unrestricted funds General reserves 17 6,886 7,099 6,886 7,099
Total Unrestricted & designated funds (5,265) (4,560)
TOTAL FUNDS & RESERVES 6,171 10,746
TOTAL FUNDS & RESERVES AND LIABILITIES 61,671 62,659 Financial Report 2018
Financial Report 2018 11 Schedule II Consolidated Income & Expenditure Account For the year ended 31 December 2018 (Swiss Francs 000's) Schedule II Consolidated Income & Expenditure Statement For the year ended 31 December 2018 (Swiss Francs 000’s)
Unrestricted Unrestricted & Designated & Designated Restricted Restricted Total Total Funds Funds Funds Funds Funds Funds Notes 2018 2017 2018 2017 2018 2017
CONTRIBUTIONS INCOME Membership & other unrestricted income 4,040 3,916 - - 4,040 3,916 Programme contributions - - 13,968 13,439 13,968 13,439 4,040 3,916 13,968 13,439 18,008 17,355
OTHER INCOME Financial income 18 251 314 351 698 602 1,012 Financial expense 18 (374) (154) (831) (41) (1,205) (195) Rental income and sales 19 6,571 6,753 60 67 6,631 6,820 Miscellaneous income 20 152 80 585 357 737 437 6,600 6,993 165 1,081 6,765 8,074
Distribution of unrestricted income (4,034) (3,912) 4,034 3,912 - -
TOTAL INCOME 6,606 6,997 18,167 18,432 24,773 25,429
COST OF OPERATIONS Direct programme costs: grants - - 385 419 385 419 Operating & other programme costs 3,767 3,780 9,157 6,871 12,924 10,651 Depreciation 2,522 1,726 154 156 2,676 1,882 Interest expense 18 618 667 54 57 672 724 Salaries 21 4,505 4,350 8,077 8,123 12,582 12,473 TOTAL COST OF OPERATIONS 11,412 10,523 17,827 15,626 29,239 26,149
Redistributed infrastructure costs 23 (2,147) (2,258) 2,147 2,258 - - Guest house internal (sales)/charges 24 (693) (629) 693 629 - -
TOTAL COSTS BEFORE OPERATING TRANSFERS 8,572 7,636 20,667 18,513 29,239 26,149
NET (DEFICIT)/SURPLUS BEFORE OPERATING TRANSFERS (1,966) (639) (2,500) (81) (4,466) (720)
OPERATING TRANSFERS Transfers between funds 25 (9) - 9 - - - Transfers to/(from) funds 25 (52) 10 (57) (46) (109) (36)
NET (DEFICIT)/SURPLUS FOR THE YEAR (2,027) (629) (2,548) (127) (4,575) (756) 12 Financial Report 2018
Schedule III Part I Consolidated Statement of Movements in Funds & Reserves For the year ended 31 December 2018 – Prior year comparatives (Swiss Francs 000’s) 63 11'502
- - - - - (36) (720) (756) 11'502 10'746 Total Total 12'752
- - (1'313) - - (1'250) Total Funds & Reserves Total
- (300) (250) 7'033 7'099 General Reserves (639) - 10 (3'381) (300) - (4'560) (250) - (629) 23 23 - - - - t ec j Pro Fund to be Development covered from
669
(53) ------(352) (352) Project for Building
(23'748)
(23'725)
Designated Fund 53 10 - - (63) - (53) Fund Operating Unrestricted
1'697
1'345
- - - - Assets Designated -
-
Fund for Fixed ------283 283 Funds Designated Programme (247) 11'354
(669) 10'438
(247) Unrestricted & Designated Funds Total
30 Funds Endowment 14'883 (81) 250 300 - - 15'306 - (46) (127) - - Fund for 9'110 318 - - - - 9'443
(15) 333 Fixed Assets - - (30) (31) 250 300 (399) (460) 4'181 4'271 Funds 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2016 Programme 1'592
- - - - 1'592 - -
Restricted Funds ds Financial Report 2018 balance at 31 December 2017 g From General reserves to Unrestricted operating fund From Designated fund for fixed assets to General reserves From General reserves to Assembly fund From General reserves to Programme fund Schedule III, Part I Consolidated Statement of Movements in Fu nds & Reserves For the year ended 31 December 2018 - prior comparatives (Swiss Francs 000's) Net (deficit)/surplus before operating transfers Closin Opening Balance at 1 January 2017 Operating transfers: Between funds To/(from) funds Net (deficit)/surplus before transfers to/(from) Reserves & Fun Transfers to/(from) Reserves & Funds: Financial Report 2018 13
Schedule III Part II Consolidated Statement of Movements in Funds & Reserves For the year ended 31 December 2018 (Swiss Francs 000’s) (36) (756) (720) 10'746
------(109) 6'171 (4'575) (4'466) 10'746 Total Total -
- -
11'502 - -
Total Funds & Reserves (9) - Total
------628 7'099 6'886 General Reserves (52)
(270) - (5'265)
- 1'592 (4'560) (2'027) (1'966) 15 15 ------Project Fund to be Development covered from (270)
(571)
------977 (368) (368) Project for Building
(23'710)
(23'725)
Designated Fund (9) ------(52) 571 (571) (510) Unrestricted
1'345
Operating Fund - - - - - Assets Designated
Fund for Fixed ------283 283 Funds 2018 2018 2018 2018 2018 2018 2018 2018 2017 Designated Programme 10'299 (1'103)
(628) 1'592 (1'103) 10'438 Unrestricted & Designated Funds 9 Total
- Funds Endowment 11'436 (2'548) 270 (57) - - (1'592) - (2'500) 15'306 - - - Fund for 8'587 (856) - - - - - (569) (287) 9'443 Fixed Assets - - - - (57) 270 296 4'271 2'849 (1'692) (1'931) Funds 2018 2018 2018 2018 Programme
- - - - (1'592) - - 1'592 Restricted Funds Funds & Reserves, continued ds xed assets Financial Report 2018 From General reserves to Unrestricted Operating Fund From Designated fund for fixed assets to General reserves From Restricted fund for fixed assets to Designated fi From General reserves to Assembly fund From General reserves to Programme fund For prior year comparatives by Fund, please see Schedule III, Part I. Schedule III, Part II Consolidated Statement of Movements in (Swiss Francs 000's) For the year ended 31 December 2018 Closing balance at 31 December 2018 Net (deficit)/surplus before transfers to/(from) Reserves & Fun Transfers to/(from) Reserves & Funds: Net (deficit)/surplus before operating transfers Operating transfers: Between funds To/(from) funds Opening Balance at 1 January 2018 Financial Report 2018
14 Financial Report 2018 Schedule IV Consolidated Cash Flow Statement For the year ended 31 December 2018 (Swiss Francs 000's) Schedule IV Consolidated Cash Flow Statement For the year ended 31 December 2018 (Swiss Francs 000’s)
2018 2017
Net (deficit)/surplus for the year (4'575) (756)
Adjustments for non-cash items: Depreciation 2'676 1'882 Unrealised and realised (gains)/losses on investments 983 (405) and unrealised foreign currency losses/(gains), net Other Operating adjustments: Interest paid 672 798 Interest income received (290) (317)
Movements in working capital and provisions Prepaid expenses 712 (668) Contributions receivable 28 (226) Accounts receivable 69 (50) Deferred income 4'321 (51) Accounts payable (323) 197 Provisions 66 6
Net cash flow from operating and programme activities 4'339 410
Purchase of Land, property and equipment (380) (340) Interest received 290 317 Net proceeds from (purchase)/sale of investments 271 (5'266)
Cash flow from investing activities 181 (5'289)
Repayment of mortgage loans (16'777) (26'964) Interest paid to third parties (672) (798) Mortgage loans contracted 16'300 26'425
Cash flow from financing activities (1'149) (1'337)
Net increase/(decrease) in Cash and cash equivalents 3'371 (6'216) Cash and cash Equivalents at 1 January 5'546 11'661 Effect of exchange rate fluctuations on cash held (79) 101
Cash and cash equivalents at 31 December 8'838 5'546 Financial Report 2018 15
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2018
1. Organization The World Council of Churches is a fellowship of 350 churches from around the world “which confess the Lord Jesus Christ as God and Saviour according to the scriptures and therefore seek to fulfil together their common calling to the glory of the one God, Father, Son and Holy Spirit.” It was founded in 1948 in response to a growing sense that a formal, international body constituted by the churches was needed to strengthen efforts to express the fundamental unity of Christians. Its members include churches from virtually every major Protestant tradition, nearly all self-governing Orthodox churches and a growing number of independent churches, especially in countries of the South. Its work primarily involves the unity of the churches and their common witness. Major education, health, justice and peace activities are a significant part of its mandate, as well as human rights advocacy and programmes in support of women and against racism and violence. Interpreting the reflections of the 10th Assembly, in 2018 the Council’s activities were carried out through the following programmatic areas:
Unity, Mission and Ecumenical Relations Public Witness Diakonia Ecumenical Formation Communication General Secretariat
In addition, programmatic activities were planned and conducted together with focus on the following themes, defined as transversal issues: Church and ecumenical relations; Youth engagement in the ecumenical movement; Just community of women and men; Inter-religious dialogue and cooperation; and Spiritual life.
Programmatic teams were supported by the Communication team and the following support service teams: Income monitoring and development and Planning, monitoring, evaluation and reporting (IMD & PMER), IT and facility services, Human resources, and Finance. With its headquarters in Geneva, Switzerland, and with 117 staff (2017: 123 staff), the Council is recognized under Swiss law as an international, non- governmental, non-profit organization. The Council is exempt from Swiss corporate taxation.
2. Accounting policies The significant accounting policies adopted by the Council in the preparation of the consolidated financial statements are set out below.
(i) Basis of preparation The financial statements of the Council have been prepared on a basis consistent with its statutes. The Council’s accounting policies and the format used for the presentation of its financial statements are designed to present fairly the programmes and other activities of the Council.
The financial statements are presented in Swiss francs, rounded to the nearest thousand, since a majority of the Council’s activities is conducted in this currency. They are prepared on the historical cost basis except for financial instruments classified as fair value through profit or loss, which are stated at their fair value. The accounting policies are consistent with those applied by the Council for the year ended 31 December 2017.
These financial statements have been prepared in accordance with the provisions of commercial accounting as set out in the Swiss Code of Obligations (Art 957 to 963b CO), effective since 1 January 2013.
16 Financial Report 2018
(ii) Basis of consolidation The representative offices and subsidiaries of the World Council of Churches listed below are controlled by the World Council of Churches, and their financial statements are included in the consolidated financial statements. Intra-group balances and transactions, and any unrealized gains from such transactions, are eliminated in preparing the consolidated financial statements.
Subsidiaries are entities controlled by the World Council of Churches. Control exists when the Council has the power, directly or indirectly, to govern the financial and operating policies of an entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.
In 2018, there was one subsidiary. In accordance with its constitution, the executive board reports through its executive secretary to the relevant programme of the Council.
Ecumenical Disability Advocates Network, Kenya EDAN was registered in Nairobi under the Non-governmental Organizations Coordination Act, Kenya, in 2003.
In 2018, there were seven representative offices. None had formal legal registration within the country of operations.
Ecumenical United Nations Office (Ecumenical UNO), USA Ecumenical UNO is located at the UN headquarters in New York, where under a fiscal agency and service agreement, the Church of the Brethren Benefit Trust Inc. acted as custodian.
World Council of Churches-Ecumenical Accompaniers Programme in Palestine and Israel (WCC-EAPPI), Jerusalem WCC-EAPPI operates from a representative office in Jerusalem, where a locally registered non- governmental organization acts as custodian.
World Council of Churches-Ecumenical HIV and AIDS Initiatives and Advocacy (WCC-EHAIA) In 2018, WCC-EHAIA operated in the following locations. For each office, except in Kenya and Zimbabwe, a locally registered non-governmental organization acts as custodian. WCC-EHAIA Central Region Co-ordination Office, Kinshasa, Democratic Republic of Congo WCC-EHAIA Eastern Region Co-ordination Office, Nairobi, Kenya WCC-EHAIA Lusophone Region Co-ordination Office, Luanda, Angola WCC-EHAIA Southern Region Co-ordination Office, Harare, Zimbabwe WCC-EHAIA Western Region Co-ordination Office, Lome, Togo
(iii) Recognition of contributions and membership income Contributions from donors are recognized in the financial statements when they have been received or confirmed in writing by pledges and when there is reasonable assurance that they will be received. Contributions which carry donor imposed restrictions are ascribed either to a programme, where the purpose of the contribution is consistent with the objectives of the programme as a whole, or to a project within that programme, or to one or several activities within a project.
Membership income, which is payable on a calendar year basis, is recognized on an accruals basis. Membership income received relating to future periods is treated as deferred income.
Donations in kind (of fixed assets, for example) are recognized at fair value at the date of donation.
Revenue from recharged costs is recognized when the service or basic expenditure is fulfilled or, if applicable, ownership of related assets has been transferred. Financial Report 2018 17
(iv) Recognition of federal and local government and other grants for capital expenditure State grants or other significant grants received for expenditure on capital assets are treated as deferred income which is then recognized in the income and expenditure account as income over the useful life of the asset acquired. Grants are recognized only when there is reasonable assurance that they will be received and that the Council will comply with the conditions, if any, of the grant. Unconditional grants are recognized in the income and expenditure account when they become receivable.
(v) Recognition of expenditure Expenditure is recognized in the financial statements on an accruals basis. Contributions to third parties paid out of Programme Funds are recognized when the commitment to pay has been made before the end of the year and the payment relates to the current year, and where there is either a legal or constructive obligation to pay. Contributions to third parties paid out of Programme Funds close to the year end are recognized as prepayments when matched with budgeted donor contributions for the following financial year.
(vi) Foreign currency Transactions in currencies other than the Swiss franc are converted into Swiss francs at rates which approximate the actual rates ruling at the transaction date. At the balance sheet date monetary assets (including investments) and liabilities denominated in foreign currency are converted into Swiss francs at the rate of exchange ruling at that date. Non-monetary assets and liabilities in foreign currencies that are stated at historical cost are translated at the foreign exchange rate at the date of the transaction. Realized and unrealized exchange differences are reported in the income and expenditure account.
The assets and liabilities of the Council’s foreign operations are translated into Swiss francs at foreign exchange rates ruling on the balance sheet date, while income and expenditure are translated at rates approximating the foreign exchange rates ruling at the dates of the transactions.
The rates applying at the end of the year were as follows:
Currency 2018 2017 Euro 1.12595 1.1712 Swedish Krona 0.10992 0.11909 Pound Sterling 1.2536 1.31735 Norwegian Krone 0.11323 0.11914 US Dollar 0.9848 0.974 Canadian Dollar 0.72285 0.778
(vii) Investments The Council has designated all its investments as financial instruments at fair value through profit or loss. The Council does not have any financial instruments classified as held for trading, and does not hold any derivative financial instruments.
A financial instrument is classified at fair value through profit and loss if it is designated as such upon initial recognition. Financial instruments are designated at fair value through profit or loss if the Council manages such investments and makes purchase and sale decisions based on their fair value. Upon initial recognition, these instruments are recognized at fair value and attributable transaction costs are recognized in the statement of income and expenditure when incurred. Gains and losses arising from subsequent changes in fair value are recognized in the statement of income and expenditure. 18 Financial Report 2018
Investments are recognized or derecognized by the Council at the date it commits to purchase or sell the investments.
The fair value of listed investments is their quoted bid price at the balance sheet date. The fair value of unlisted investments is determined by valuation techniques applied consistently on an annual basis.
Investment income consists principally of interest and dividends, and net realized and unrealized gains on changes in fair value. Interest income is recognized on an accruals basis, taking into account the effective yield on the asset. Dividend income is recognized in the period in which the dividend is declared. As the Council’s investments are managed externally on a portfolio basis, all investment income is disclosed net in the statement of income and expenditure, within financial income/(expense). Investments held derive principally from restricted or designated income, and the terms of the restrictions and designations require in general that investment income be used to finance operations. Consequently net financial income/(expense) is treated as operating income.
Investments are classified as non-current to the extent to which they represent endowment funds held or other long-term obligations. All other investments are current.
(viii) Land, property and equipment Land, property and equipment are stated at historic cost, or, in the case of donated assets, at the fair market value when donated, and are depreciated on a straight line basis over their useful lives. The useful life of a building is estimated at 50 years; of building installations 20 or 25 years, of hotel and catering installations, ten years; of furniture and equipment, five years; and of computer equipment, three years. Borrowing costs relating to the construction of buildings and equipment are capitalised and included in the cost of the assets concerned and depreciated over the useful life of the respective asset. When parts of an item of land, buildings and equipment have different useful lives, they are accounted for as separate items.
(ix) Employee benefits: Pension plan Contributions which the Council is obliged to make to the Council’s pension plan are recognized as an expense in the statement of income and expenditure.
(x) Fair value The fair value of investments is reported in Note 5 to the financial statements. The fair value of cash, overdrafts, other financial assets and accounts payable are not materially different from the carrying amounts.
Fair value estimates are made at a specific point in time, based on market conditions and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.
(xi) Cash and cash equivalents Cash and cash equivalents comprise cash balances and highly liquid investments with a maturity of less than three months from the date of acquisition that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Bank overdrafts that are repayable on demand and form an integral part of the Council’s cash management are included as a component of cash and cash equivalents for the purpose of the statement of cash flows.
(xii) Accounts receivable Accounts receivable are stated at cost less impairment losses.
(xiii) Accounts payable Accounts payable are stated at cost. Financial Report 2018 19
(xiv) Interest bearing loans and borrowings Interest bearing loans and borrowings are recognized initially at fair value, less attributable transaction costs. Subsequent to initial recognition, interest bearing loans and borrowings are stated at amortised cost with any difference between cost and redemption value being recognized in the statement of income and expenditure over the period of the borrowings on an effective interest basis.
(xv) Impairment The carrying amounts of the Council’s assets are reviewed at each balance sheet date to determine whether there is an indication of impairment. If any such indication exists, the asset’s recoverable amount is estimated. An impairment loss is recognized whenever the carrying amount of an asset exceeds its recoverable amount.
(xvi) Use of estimates The preparation of the financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenditure during the period. Actual results could differ from those estimates.
Management has carefully considered the development, selection and disclosure of the Council’s critical accounting policies and estimates and the application of these policies and estimates. The most critical judgments and estimates made relate to the assessment of provisions, in particular concerning the pension fund scheme; the reasonable assurance regarding contributions and membership income receivable and the probability assumptions underlying recognition of service bonus obligations.
3. Cash and cash equivalents
2018 2017 CHF 000 CHF 000 Bank balances 8,793 5,518 Cash 45 28 8,838 5,546
Bank balances include CHF 66,000 in rent deposits paid, and held under dual control, as a condition of rental agreements undertaken as tenant for a number of apartments (2017: CHF 66,000). The rent deposits may be realized only subject to the terms of the lease, and with joint agreement of the real estate agent.
4. Other receivables
2018 2017 CHF 000 CHF 000
Tenants, including ecumenical organizations 293 408 Ecumenical orgs: hosts and implementing partners 124 49 Social charges and other payroll related receivables 68 42 Bossey guest house invoices 53 144 Ecumenical Trust 109 115 Other 340 298 987 1,056 20 Financial Report 2018
5. Investments
2018 2017 CHF 000 CHF 000 Non-current Investments Debt securities 12,019 11,485 Equity securities 3,780 5,489 15,799 16,974
Non-current investments are long-term investments, intended to be held for more than one year.
Equity securities include CHF 1,323,000 (2017: CHF 1,546,000) managed on the Council’s behalf by the Ecumenical Trust, a not-for-profit organization under section 501 (c) (3) of the US Internal Revenue Code.
Non-current investments held in debt securities include CHF 960,000 (2017: CHF 1,031,000) also managed by the Ecumenical Trust, and which are traded on a secondary market only. Debit securities also include CHF 539,000 (2017: CHF 561,000) invested in Oikocredit. This investment is the only investment held that is not quoted, nor traded on a secondary market. Its fair value, evidenced by recent transactions, has been determined based on the buy-back value stipulated in Oikocredit’s articles of association.
6. Land, Property and Equipment
Freehold Ecumenical Library & Office Château Staff Furniture & Total Land Centre archives wings de Residence Equipment Bossey CHF 000 CHF 000 CHF 000 CHF 000 CHF 000 CHF 000 CHF 000 CHF 000 Cost: At 1 January 2018 4,198 16,581 2,235 16,931 23,096 14,030 15,246 92,317 Additions - - - - 164 106 110 380 At 31 December 2018 4,198 16,581 2,235 16,931 23,260 14,136 15,356 92,697
Depreciation: At 1 January 2018 - 12,194 1,963 10,720 8,630 6,569 15,000 55,076 Charge for the year - 552 213 951 549 282 129 2,676 At 31 December 2018 - 12,746 2,176 11,671 9,179 6,851 15,129 57,752
Net Book Value: At 31 December 2018 4,198 3,835 59 5,260 14,081 7,285 227 34,945 At 31 December 2017 4,198 4,387 272 6,211 14,466 7,461 246 37,241
The costs and accumulated depreciation for the former library and archives, and for the four office wings at the Ecumenical Centre are separately disclosed from 31 December 2017. A building permit came into effect in 2018 for demolition of the former library and archives building, planned in 2019. The office wings of the Ecumenical Centre are planned to be demolished from 2023. An accelerated depreciation plan has therefore been applied to the former library, with effect to the estimated end of its useful life, scheduled at 30 September 2019, and for the wings, with end of useful life from 2023 to 2024, depending on the wing concerned. In 2018, the additional depreciation charges recognized as a result of the acceleration total CHF 1,043,000 (2017: CHF 217,000). Financial Report 2018 21
An evaluation survey dated 28 February 2019 estimates the land value of the Ecumenical Centre estate at CHF 109 million.
An architectural survey dated 6 February 2012 estimated the intrinsic value of the Ecumenical Centre estate at CHF 66,435,000. An architectural survey of the Château de Bossey dated 25 March 1999 estimated the intrinsic value of the estate at CHF 18,780,000. Since that date, investment for renovation from 2009-2012 included CHF 7,298,000, principally for the development of a conference centre. An architectural survey of the staff residence building dated 16 February 2006 estimated the intrinsic value of that building at CHF 12,794,000.
The insurance value of the staff residential development is CHF 16,200,000, of the Ecumenical Centre including installations, CHF 64,779,000 and of the Château de Bossey and other buildings and their contents on the estate at Bossey, CHF 28,721,000. Mortgage loans and credit lines secured against the land and buildings are detailed at Notes 9 and 10.
From 1994 to 2017, reference was made in this Note to a net book value of donated land, buildings and equipment, decreasing from CHF 7,704,000 in 1994 to CHF 3,106,000, in 2017. From 1994 to 2002, the Note stated that depreciation was either recognized in the property fund, or compensated by a transfer from the property fund. From 2003 to 2014, it was stated that depreciation was charged to the Restricted fund for fixed assets (see Note 12).
The asset identified in the asset register as donated, or purchased from donations, and for which the depreciation was recognized in the Restricted fund for fixed assets, became fully amortised in 2015. From 2015 to 2017, the Note continued to refer to a remainder net book value of CHF 3,106,000, for which, in fact, no specific asset was identified or registered as donated in the asset register. The Note observed that no depreciation was recorded in the Restricted fund for fixed assets.
In 2017, an investigation of records, including the Geneva land registry, was conducted to determine if there was any evidence of donated land. It was concluded that there was no donated land. It was considered likely, from review of records, that in the 1990s, certain property was considered “donated,” as having been funded by donation.
In April 2018, the audit committee concurred that the Restricted fund for fixed assets, with a balance of CHF 1,592,000, be transferred in 2018 to the Designated fund for fixed assets. No further specific information on donated buildings and equipment is reported.
7. Accounts payable
2018 2017 CHF 000 CHF 000 Accrued expenses 1,036 704 General suppliers payable 451 1,041 Ecumenical organizations 61 131 Payroll related payables 26 23 Other accounts payable 113 111 1,687 2,010 22 Financial Report 2018
8. Deferred income
2018 2017 CHF 000 CHF 000 Current deferred income 4,723 314
Non-current deferred income 2,683 2,771
Current deferred income represents principally contributions income received relating to future periods.
Non-current deferred income represents grants received for the renovation of buildings, including CHF 1,020,000 (2017: CHF 1,054,000) being the amortized balance of a grant of CHF 1,700,000 received in 1999 from the Canton of Geneva for the Ecumenical Centre, and CHF 493,000 (2017: CHF 508,000) being the amortized balance of various other grants received for the renovation of the Château de Bossey.
9. Current interest bearing loans Current interest bearing loans are loans payable within one year and include current maturities related to mortgage loans described in Note 10.
2018 2017 CHF 000 CHF 000 Current maturities related to mortgage loans: Mortgage loan on Staff Residential Building 127 127 Mortgage loan on Château de Bossey 250 4,550 Mortgage loan on Ecumenical Centre 24,100 12,100 24,477 16,777
10. Non-current interest bearing loans Non-current interest bearing loans total CHF 21,485,900 as at 31 December 2018 (2017: CHF 29,663,000). They are secured on property as follows:
2018 2017 Secured on: CHF 000 CHF 000 Staff residential building 9,700 9,827 Château de Bossey 10,288 10,538 Ecumenical Centre 25,975 26,075 45,963 46,440 Less current maturities: (24,477) (16,777) 21,486 29,663 Financial Report 2018 23
These loans, stated at value on issue date before reimbursements, carry fixed interest at the rates and for the durations set out below:
Loan secured on: CHF 000 Issued Duration Fixed Rate Staff residential bldg 5,360 30.08.11 10 years 2.54% Staff residential bldg 4,593 31.08.16 7 years 1.10% Château de Bossey 2,000 29.07.10 10 years 2.70% Château de Bossey 2,300 01.04.18 4 years 1.50% Château de Bossey 2,000 29.07.18 5 years 1.25% Château de Bossey 2,000 29.07.16 5 years 1.55% Château de Bossey 2,425 01.04.17 4 years 1.35% Ecumenical Centre 950 31.12.15 5 years 1.21% Ecumenical Centre 1,350 01.12.15 7 years 1.45% Ecumenical Centre 12,000 01.04.18 18 months 1.16% Ecumenical Centre 12,000 01.04.17 2 years 1.06%
The two mortgage loans, each of CHF 12,000,000, funded an extraordinary contribution to the WCC Retirement Fund, recognized as an extraordinary charge in 2011.
A loan of CHF 12,000,000 matured on 28 March 2019 and was reimbursed at that date. On 29 March 2019 a loan of CHF 12,000,000, maturing on 30 March 2020, was issued with annual interest at a fixed rate of 1.06%.
The loans are repayable as follows: 2018 2017 CHF 000 CHF 000 Within: One Year 24,477 16,777 Two to five years 21,486 25,829 More than five years - 3,834 45,963 46,440 Less: Current Maturities (24,477) (16,777) 21,486 29,663
11. Programme funds Programme funds represent amounts received from donors, and restricted for use within the Programme, project or activity to which they are credited. Programme funds are detailed by programmatic area and transversal issue on Schedules V, VI (a) and VI (b). A reduction in these funds does not represent a loss but the use of funds for the purposes for which they were intended. The separate Appendix to the Financial Statements details the opening balances, income, expenditure, transfers and closing balances of each activity, by Programme.
Programme funds include debit balances of CHF 129,000 as follows, to be covered from contributions to be received in 2019. 24 Financial Report 2018
CHF 000 W4B5B Towards an inclusive peace-building (11) process in Syria: funding partner 2 W4B5E Towards an inclusive peace-building (118) process in Syria: funding partner 1, 2018-2019 Total debit programme fund balances (129)
In 2017, Programme funds included one debit balance of CHF 16,000, which was covered from contributions received in 2018.
12. Restricted fund for fixed assets and Designated fund for fixed assets
Restricted fund for fixed assets The Restricted fund for fixed assets represents principally the value of donated land and buildings, net of accumulated depreciation. The Restricted category reflects the fact that the fund does not represent an investment made by the Council, but rather a donation with the specific purpose of founding the Ecumenical Centre.
In 2018, the audit committee concurred that the balance of CHF 1,592,000 in the fund be transferred to the Designated fund for fixed assets.
In 2018, the central committee approved a Building Reserves Policy, requiring that proceeds from the sale of land, or other proceeds derived from property development be transferred to a Restricted fund for land, property and equipment, before disposition in accordance with decisions of executive committee. There were no such proceeds in 2018.
Designated fund for fixed assets The Designated fund for fixed assets reflects the Council’s investment in land, property and equipment. The Council’s investment in land, property and equipment was assessed as follows:
2018 2017 CHF 000 CHF 000 Total Land, property and equipment 34,945 37,241 Less Long-term loans, proceeds for buildings (21,486) (17,633) Less Short-term loans, proceeds for buildings (477) (4,777) Less Long-term deferred income (2,683) (2,771) Less Restricted fund for fixed assets - (1,592) Designated fund for fixed assets 10,299 10,438
In 2018, accelerated depreciation of CHF 1,043,000, as described in Note 6, was recognized in the Designated fund for fixed assets.
The Designated fund for fixed assets records income and expenditure related to the staff residence building. The movement on the Designated fund for fixed assets is set out in Schedule VII. Financial Report 2018 25
13. Endowment Funds
2018 2017 CHF 000 CHF 000 Restricted Endowment Funds Specific Endowments 6,304 6,866 Funds held by the Ecumenical Trust 2,283 2,577 Total Restricted Endowment Funds 8,587 9,443
Movements on the Restricted endowment funds are set out in Schedule V.
Specific endowments Specific endowments are legacies or gifts where either the donor has formally requested or it has been formally confirmed that the assets gifted will be held in the long term. Income derived from the invested asset is at the disposition of the Council, but its use may be subject to certain conditions.
General endowments General Endowments are legacies or gifts for use at the general discretion of the Council. Such endowment gifts may be invested, and the derived income is then at the general disposition of the Council. Such general endowments may also be released. In 2018, no General endowments were held (2017: none).
Additions to endowments Additions to Endowments are recorded as Miscellaneous income to the Restricted Fund. There was no addition to Restricted endowments in 2018 (2017: none).
Transfers to/(from) endowments Net operating transfers from Restricted Endowment Funds totaled CHF 287,000 (2017: net operating transfer in: CHF 23,000). In 2018, a distribution of CHF 233,000 to programme funds was made by transfer.
In addition, the accumulated income of CHF 84,000 on one endowment was transferred to programme funds, on decision of the general secretary, and was applied in 2018 for one specific activity corresponding to the endowment restrictions. The endowment capital was not distributed, transferred or released.
Release of endowments In 2018, no endowments were released. (2017: no release of endowment).
Adjustment on revaluation Based on the value of the original legacy or gift amounts, the Restricted endowment funds are adjusted annually to reflect changes in the value of related non-current asset investments. In 2018, the adjustments, recorded in Financial income and Financial expense, resulted in a decrease of CHF 569,000 in the Restricted endowment funds (2017: increase of CHF 318,000).
Distributions Income from the Specific endowments may be credited directly to the Programme funds in accordance with the relevant conditions of the gift. In 2018, no distribution of income was made from Specific endowments (2017: CHF 226,000). In 2018, CHF 109,000 was distributed from the Funds held by the Ecumenical Trust (2017: CHF 100,000). 26 Financial Report 2018
Funds held by the Ecumenical Trust Funds held by the Ecumenical Trust totaling CHF 2,283,000 (2017: CHF 2,577,000) reflect endowment assets managed for the Council by the Ecumenical Trust, as described in Note 5 above.
14. Designated programme funds Designated programme funds total CHF 283,955 (2017: CHF 283,955). The Designated programme funds are special programme reserves held at the discretion of the Council, and derived from the Council’s own designation of its unrestricted funds. The Council may determine the timing of the disbursement of such reserves.
The Designated Programme Funds are listed in the separate Activities Appendix to the Financial Statements.
15. Designated fund for building project The Designated fund for the building project reflects funds designated by the Council to cover the interest costs, financial expenses and professional fees during the first phase of the Ecumenical Centre building development project.
The Designated fund for building project fund was formed from a transfer of CHF 3,100,000 from the General reserves in 2012, as determined by executive committee in March 2013. In November 2015, executive committee determined that in 2015, a further transfer of CHF 800,000 be made to the fund from the General reserves.
16. Deficit fund to be covered from development project The Designated deficit Fund to be covered from development project records a debit balance of CHF 23,710,000.
2018 2017 CHF 000 CHF 000 Deficit fund to be covered from Development Project (23,725) (23,748) Rental of land 15 23 Deficit fund to be covered from Development Project (23,710) (23,725)
The fund was recorded in 2011, reflecting the debit to Funds and Reserves as a result of executive committee’s decision in September 2011 that the Council make an extraordinary contribution to the Retirement Fund of the World Council of Churches. A charge of CHF 24,745,000 was recognized as an Extraordinary Item in 2011, and a credit of CHF 745,000 was recognized as an Extraordinary Item in 2012 following the decisions of the steering committee for the pension fund and building development project, as appointed by the executive committee.
In 2014, in order to complete its liquidation, and with the agreement of the Geneva cantonal pension fund regulatory authority, the WCC Retirement Fund in liquidation returned CHF 230,000 to the WCC, recognized as miscellaneous income to the Deficit Fund to be covered from the Development Project (see also Note 31, Contingent liability).
In 2018, CHF 15,000 of income to the fund is recognized, being compensation for temporary use of a small area of the Council’s land during neighbouring construction works (2017: CHF 23,000). Financial Report 2018 27
The extraordinary contribution was financed by a mortgage loan which is to be repaid by the realization of a building development project. The Deficit Fund to be covered from Development Project therefore reflects the balance due to Funds and Reserves on the net proceeds resulting from a building development project on plot 1270, the Ecumenical Centre estate in Grand-Saconnex. The project is expected to be realized within one to five years.
17. General reserves In accordance with the Funds and Reserves Policy approved by the central committee in July 2014, General reserves are defined as those funds available to the Council after meeting its obligations and commitments, without realizing fixed assets.
In June 2018, central committee set the General reserves target at CHF 7,000,000.
An analysis of the movements on General Reserves follows: General Reserves CHF 000s Balance at 1 January 2018 7,099 Transferred out: To Unrestricted operating funds (571) To Programme funds (270) Transferred in: From Designated fund for fixed assets 628
Balance at 31 December 2018 6,886
A transfer was made to Programme funds, to be applied to the costs of the Papal visit in 2018, in accordance with decision of executive committee by electronic consultation in May 2018, and as confirmed at its meeting in June 2018.
18. Financial income and Financial expense
Financial income 2018 2017 CHF 000 CHF 000 Investment portfolio income Non-current asset investments Interest income 290 317 Realized gain on investments 145 303 Unrealized gain on investments - 215
Other foreign exchange gains Realized gains 165 138 Unrealized gains 2 39
Total Financial Income 602 1,012 28 Financial Report 2018
Financial expense 2018 2017 CHF 000 CHF 000 Investment portfolio losses Non-current asset investments Realized losses on investments (51) (24) Unrealized losses on investments (888) (113)
Other foreign exchange losses Realized losses (77) (43) Unrealized losses (189) (15)
Total Financial expense (1,205) (195)
Interest expense Interest expense, reported within Cost of operations, totaled CHF 672,000 (2017: CHF 724,000).
19. Rental income and sales Rental income and sales of CHF 6,631,000 (2017: CHF 6,820,000) includes rental income from guest house receipts at Bossey, the staff residential building, rental of offices at the Ecumenical Centre, rental income on sub-letting of apartments and book sales.
20. Miscellaneous income Miscellaneous income of CHF 737,000 (2017: CHF 437,000) includes reimbursement of travel and other expenses, deferred income recognized as income during the useful life of the assets concerned, and royalties on journal sales.
21. Salaries and related charges
Salaries and related charges Salaries and related charges were: 2018 2017 CHF 000 CHF 000 Gross Salaries 10,204 10,113 Social Charges 1,077 974 Pension Expense 1,161 1,274 Other Personnel Costs 140 112 12,582 12,473
There were 117 employees at 31 December 2018 (2017: 123). There were 107 full-time equivalent staff during 2018 (2017: 107 full-time equivalents). Pension expense details are set out in Note 22 below.
Compensation of key management personnel In 2018, key management personnel are defined by the WCC as the general secretary, the deputy general secretary for public witness and diakonia, the deputy general secretary for unity, mission, ecumenical relations and ecumenical formation, the director of communication and the director of finance (2017: as for 2018 plus the director of the office of the general secretary). Their compensation was as follows: Financial Report 2018 29
2018 2017 CHF 000 CHF 000 Salaries and other short term benefits 832 988 Post-employment benefits 140 176 972 1,164
22. Employee benefits
Pension plan The World Council of Churches is affiliated to the collective pension fund institution,Profond .
In 2011 the Council, together with certain other ecumenical organizations, participated in a pension plan operated by the Retirement Fund of the World Council of Churches. WCC’s affiliation toProfond and the transfer of the assets and liabilities of the Retirement Fund of the World Council of Churches to Profond was effected as of 31 March 2012 with retroactive effect as of 1 January 2012, following an extraordinary contribution of CHF 24,000,000 made by the Council to the Retirement Fund of the World Council of Churches. The Retirement Fund of the World Council of Churches has been liquidated. The Fund was removed from the register of retirement funds by decision of the regulatory authority dated 15 March 2016.
The Council’s contributions paid to Profond in 2018 were CHF 1,868,000 (2017: CHF 1,979,000).
Vacation accrual A vacation accrual of CHF 444,000 (2017: CHF 378,000) has been included in long term provisions, representing the cost of employees’ untaken vacation at the year end.
23. Redistributed infrastructure costs Salary costs of programme staff were charged directly to the projects within each programmatic area or transversal issue to which the staff were assigned, and in which it was confirmed their time was actually allocated in 2018. The allocation basis was validated during forecasting and at the financial year end by the responsible associate general secretary or director, who approved the monthly estimated time allocation reports for their respective staff.
Two further categories of costs were distributed to the projects under the activity based costing process. These were general programme costs and infrastructure costs.
(i) Redistributed general programme costs
Definition of general programme costs General programme costs were costs of the programme or transversal issue, which were to be shared fairly within the projects of the programmatic area or transversal issue, such as the costs of stationery, or of meetings related to the programme’s work.
General programme costs allocation method For each programmatic area or transversal issue, staff estimated the percentage of time applied to each of the projects. The general programme costs were then allocated to the projects on that basis.
General programme costs were therefore charged at the level of the project only. No charges were made at the level of a detailed programme activity. 30 Financial Report 2018
(ii) Allocated infrastructure costs
Definition of redistributed costs The costs for distribution were the Operating costs of the support service teams, as recorded in five cost centres, namely: Income Monitoring and Development and Planning, Monitoring, Evaluation and Reporting (IMD and PMER), Facility Services, Human Resources, Finance, and Information Technology Services; less Rental income and sales and Miscellaneous income credited to those cost centres. The income and expenditure of the five support service cost centres is set out in Schedule VIII.
Infrastructure cost allocation method The Infrastructure costs of CHF 2,147,000 (2017: CHF 2,258,000) for redistribution were allocated to the programmatic areas and transversal issues.
Infrastructure costs were allocated to projects based on the full-time equivalent number of staff employed by the project in relation to the total full-time equivalent number of staff employed for all programmatic areas and transversal issues.
Redistributed infrastructure costs Redistributed Redistributed Costs 2018 Costs 2017 CHF 000 CHF 000 Infrastructure costs Cost of operations 5,620 5,660 Rental & sales income and Misc income (3,473) (3,395) Net operating transfers - (7) Net infrastructure costs distributed to programme 2,147 2,258 funds
24. Guest house internal (sales)/charges Guest house internal (sales)/charges of CHF 693,000 reflect the credits to the Guest House on provision of meals and accommodation for programme activities (2017: CHF 629,000). The internal sales include CHF 444,000 of charges to the programmatic area Ecumenical Formation, principally for students’ board and lodging (2017: CHF 459,000).
25. Transfers and distributions
(i) Distribution of unrestricted income The distribution of unrestricted income, recorded in the Income & Expenditure account, represents the immediate assignment, upon receipt, of membership and other unrestricted income to restricted funds, principally programmes, whose activities might otherwise remain partially unfunded.
(ii) Operating transfers between funds Operating transfers, recorded in the Income & Expenditure account, include transfers from one fund to another that occur generally at the conclusion of an activity or programme, and represent the re- allocation of residual funds to another use. For restricted funds, operating transfers occur only within the restrictions stipulated by the donor. Financial Report 2018 31
(iii) Operating transfers to/(from) funds Operating transfers to/(from) funds include recognition of reimbursements due to donors and adjustment of provisions.
In 2018, transfers from funds totaled CHF 109,000 (2017: transfers to funds CHF 36,000).
Operating transfers to/(from) fund: 2018 2017 CHF 000 CHF 000 Transfers to fund from current liabilities and provisions Vacation accrual (66) (5) Other transfers from current liabilities (3) 7 (69) 2 Transfers from fund to current liabilities Funds to be reimbursed to donors (22) (31) Other transfers to current liabilities (36) (25) (57) (56) Transfers to fund from current assets Due from ecumenical organization 18 18 18 18
Total Operating transfers to/(from) fund (109) (36)
(iv) Transfers Transfers, recorded in the Statement of Movements on Funds & Reserves, represent decisions by the appropriate governing bodies of the Council to allocate amounts to Funds & Reserves consistent with policy decisions.
26. Audit and other services delivered by the auditor
2018 2017 CHF 000 CHF 000 Audit services: statutory audit 77 77 Audit services: special reporting 11 18 Other services 23 18 Total fees for services delivered by the auditor 111 113
27. Financial instruments
Foreign currency risk The Council incurs foreign currency risk on pledged contributions that are denominated in a currency other than Swiss francs, and on funds and investments that are denominated in other currencies. The currencies giving rise to this risk are principally the Euro, the Swedish Krona, the US Dollar and the Pound Sterling.
The Council does not use forward foreign exchange contracts or other financial instruments to hedge its foreign currency risk. In general accounts receivable for contributions are low compared with total contributions, and the proportion denominated in other currencies is low. In addition, the Council does not normally commit to expenditure until the timing and amount, in Swiss francs, of related income is reasonably certain. 32 Financial Report 2018
Substantially all financial instruments are denominated in Swiss Francs except for the following: 2018 2017 CHF 000 CHF 000 Prepaid expenses US Dollar 40 660 Euro 10
Accounts receivable US Dollar 451 375 Euro 364 293 British Pound 32 33 Norwegian Krone 27 13
Accounts payable US Dollar 205 246 Euro 146
Cash and cash equivalents US Dollar 199 441 Euro 4,003 377 British Pound 124 149 Canadian Dollar 76 81 Swedish Krona 50
Non-current investments US Dollar 2,283 2,585 Euro 539 563
Interest rate risk The Council is exposed to interest rate risks on mortgage and short-term loans as described in Notes 9 and 10 to the financial statements. The Council does not hedge or enter into financial instruments as regards its exposure to interest rate risks.
Credit risk In acccordance with credit policy, exposure to credit risk, principally as regards contributions and related organizations, is monitored on an ongoing basis.
Investments are monitored by the Finance Committee and are executed to comply with the Council’s Investment Objectives and Policy. The Council’s investment policy requires that only readily marketable bonds and shares be used for investment and that derivatives are not used for speculative purposes.
At the balance sheet date there were no significant concentrations of credit risk. The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the balance sheet, principally accounts receivable, investments and cash.
Derivatives The Council did not have any derivative instruments as of 31 December 2018 (2017:None).
Fair value The fair value of financial instruments held at 31 December 2018 does not differ from their carrying amounts shown in the balance sheet. Financial Report 2018 33
28. Commitments As at 31 December 2018, there were no contractual commitments outstanding (2017: none).
29. Related parties The Council has a related party relationship with its officers, and a controlling related party relationship with its representative offices. The Council also has a related party relationship, through representation on the Council’s governing bodies, with a large number of member churches, and with certain beneficiaries.
Other than programme contributions and membership income received, and programme costs incurred in the normal course of operations, there were no related party transactions for the year to 31 December 2018 (2017: None).
30. Subsequent events There were no events occurring subsequent to 31 December 2018 and prior to authorization of the consolidated financial statements that would require modification of or disclosure in the financial statements.
31. Contingent liability Since there is significant uncertainty as to the necessity to make payment, the following contingent liability is disclosed, but is not recognized as a liability. The maximum potential exposure is CHF 230,000.
The trustee of the Bernard L. Madoff Investment Securities LLC (BLMIS) has opened judicial proceedings against several banks, including a Swiss bank at which the WCC Retirement Fund in liquidation (WCC RF) held an account, to which the WCC RF had credited sale proceeds of CHF 230,000 of a relevant BLMIS fund, during the period relevant to the litigation. Given that the Swiss bank has required that the value remain held at the bank until conclusion of the judicial proceedings, and that, in 2014, the WCC RF credited CHF 230,000 to the WCC renouncing any claim it might have over that value, and also in order to facilitate the liquidation of the WCC RF, the WCC guaranteed to the bank to cover to the limit of CHF 230,000 any claim arising from the judicial proceedings.
32. Approval and authorization for issue The consolidated financial statements were approved and authorized for issue by the leadership of the finance sub-committee on 17 April 2019. 34 Financial Report 2018
Schedule V Restricted Funds For the year ended 31 December 2018 (Swiss Francs 000’s) 57 67 - (81) (41) (46) - 156 419 357 629 698 550 (127) (127) 2'258 8'123 6'871 3'912 1'081 13'439 15'626 18'513 18'432 14'883 15'306 13'439 Fund Total Restricted
9 54 60 (57) - 165 154 385 585 693 351 (831) 2'147 8'077 9'157 4'034 (2'500) (2'548) (2'548) 18'167 15'306 11'436
------233 (287) (569) (569) (569) (856) (802) (856) 9'443 8'587
17'827
20'667
(1'322) 13'968
13'968
------1'592 (1'592)
57 67 (30) (26) (31) - 763 156 419 357 629 365 550 (399) (460) (460) 2'258 8'123 6'871 3'912 4'181 4'271 13'439 15'626 18'513 18'114 13'439
54 60 (29) (57) - 296 734 154 385 585 693 118 270 2'147 8'077 9'157 4'034 4'271 2'849
31 31 31 31 31 31 ------Ecumenical Total Total Restricted Restricted Total
(1'931) 17'827
20'667
18'736
(1'692)
(1'692)
13'968 13'968
28 26 26 45 73 19 28 28 73 73 ------1'205
3 11 34 34 62 (97) - - - (86) - (86) - - - - 217 810 458 370 115 148 1'102 1'383 1'603 1'506 1'102 issues Fund Centre Funds Funds Fixed Assets Funds Fund
1'233
54 60 (29) - (57) 285 671 669 270 520 123 118 270 1'930 3'664 7'267 8'673 2'918 1'554 (1'634) (1'634) 12'793 16'387 18'988 17'126 12'793 2018 2018 2018 2018 2018 2017 2018 2018 2018 2017 Total Total areas
Programmatic Transversal Assembly Research Programme Programme Fund for Endowment Restricted Salaries Transfers between funds Interest expense Operating & other programme costs Total Other income Depreciation Direct programme costs: grants Miscellaneous income Rental income and sales Financial expense Financial income Programme contributions Total Contributions Income Membership & other unrestricted income Transfers to/(from) funds Financial Report 2018 Schedule V Restricted Funds OPERATING TRANSFERS Redistributed infrastructure costs Distribution of unrestricted income NET (DEFICIT)/SURPLUS BEFORE OPERATING TRANSFERS (1'862) Guest house internal (sales)/charges TOTAL COST OF OPERATIONS TOTAL COSTS BEFORE TRANSFERS COST OF OPERATIONS TOTAL INCOME NET INCREASE/(DECREASE) IN FUNDS MOVEMENT ON FUNDS: FUND BALANCES 1 JANUARY 2018 FUND BALANCES 31 DECEMBER 2018 OTHER INCOME NET (DEFICIT)/SURPLUS FOR THE YEAR CONTRIBUTIONS INCOME For the year ended 31 December 2018 (Swiss Francs 000's) TRANSFERS (TO)/FROM FUNDS & RESERVES Financial Report 2018 35
Schedule VI (a) Restricted Funds Programmes For the year ended 31 December 2018 (Swiss Francs 000’s) 54 60 - (29) (57) 123 118 270 520 669 270 7'267 1'930 3'664 8'673 18'988 16'387 17'126 WCC Programmes
4 1 7 (4) 28 28 99 ------870 264 887 887 953 106 815 1'950 1'685 1'946 C1 Total Funds Communication 285 671
(1'862) 12'793
(1'634)
12'793
(1'634) 2'918
1'554
7 1 88 95 ------(18) - 114 306 425 425 270 300 (552) (570) (570) 1'144 1'544 3'109 2'689 2'557 General Secretariat
54 10 16 - - - (99) (99) 192 807 444 112 208 103 222 594 195 (291) 1'885 2'414 1'762 1'885 1'185 2'123 EF G1 Formation Ecumenical
2'037
2 (4) (1) 25 21 60 34 53 39 - - - - - 136 383 160 129 160 1'450 3'010 1'184 3'056 2'673 3'010 3'192 D
109
1'284
9 5 9 (2) 96 15 81 38 33 35 - - (19) (25) (72) - (51) (72) 496 330 1'870 4'431 2'307 4'813 4'221 4'431 4'794 W
220
Public Witness Diakonia 2 2 (5) 16 84 ------273 158 199 160 112 1'126 2'155 2'229 3'646 3'357 2'155 2'514 1'165 (1'132) (1'053) (1'053) UM 2018 2018 2018 2018 2018 2018 2018 Relations Ecumenical
Unity, Mission and R Financial Report 2018 Rental income and sales Interest expense Salaries Transfers between funds Total Contributions Income Programme contributions Financial income Financial expense Membership & other unrestricted income Miscellaneous income Total Other income Operating & other programme costs Depreciation Direct programme costs: grants Transfers to/(from) funds Schedule VI (a) Restricted Funds Programmes TOTAL COSTS BEFORE TRANSFERS TOTAL COST OF OPERATIONS Guest house internal (sales)/charges NET (DEFICIT)/SURPLUS BEFORE OPERATING TRANSFERS OPERATING TRANSFERS OTHER INCOME Redistributed infrastructure costs MOVEMENT ON FUNDS: FUND BALANCES 1 JANUARY 2018 NET INCREASE/(DECREASE) IN FUNDS FUND BALANCES 31 DECEMBER 2018 NET (DEFICIT)/SURPLUS FOR THE YEA CONTRIBUTIONS INCOME TOTAL INCOME For the year ended 31 December 2018 Distribution of unrestricted income COST OF OPERATIONS (Swiss Francs 000's) TRANSFERS (TO)/FROM FUNDS & RESERVES 36 Financial Report 2018
Schedule VI (b) Restricted Funds Programmes For the year ended 31 December 2018 (Swiss Francs 000’s) 3 11 34 34 62 ------(97) (86) (86) - 217 810 115 370 148 1'102 1'603 1'383 1'506 WCC Transversals
7 1 1 51 ------223 172 165 223 222 T5 Total Funds Spiritual life
458
1'102
6 6 84 87 93 40 58 ------(84) (84) (84) - 562 478 298 478 432 432 142 T4 2018 2018 2018 operation Inter-religious dialogue and co-
11 26 61 27 27 ------(11) - - - - - 315 289 184 105 304 216 216 T3 2018 Community of women and men
4 7 96 70 26 93 93 ------100 100 T2 2018 movement the ecumenical
Youth engagement in 3 4 6 (2) (2) (2) 52 22 40 ------403 348 110 216 401 361 361 T1 2018 relations ecumenical Church and
R Transfers between funds Depreciation Operating & other programme costs Interest expense Salaries Direct programme costs: grants Total Other income Miscellaneous income Financial expense Rental income and sales Financial income Total Contributions Income Membership & other unrestricted income Programme contributions Transfers to/(from) funds Schedule VI (b) Restricted Funds Programmes NET (DEFICIT)/SURPLUS BEFORE OPERATING TRANSFERS OPERATING TRANSFERS TOTAL COSTS BEFORE TRANSFERS Guest house internal (sales)/charges Redistributed infrastructure costs TOTAL COST OF OPERATIONS COST OF OPERATIONS TOTAL INCOME Distribution of unrestricted income OTHER INCOME NET INCREASE/(DECREASE) IN FUNDS CONTRIBUTIONS INCOME NET (DEFICIT)/SURPLUS FOR THE YEA For the year ended 31 December 2018 MOVEMENT ON FUNDS: FUND BALANCES 1 JANUARY 2018 FUND BALANCES 31 DECEMBER 2018 (Swiss Francs 000's) TRANSFERS (TO)/FROM FUNDS & RESERVES Financial Report 2018 Financial Report 2018 37
Schedule VII Unrestricted and Designated Funds For the year ended 31 December 2018 (Swiss Francs 000’s) 10 80 - - - - 667 314 (639) (629) (154) (629) 4'350 1'726 3'780 6'753 3'916 7'636 6'997 6'993 3'916 (2'258) (3'912) 10'523 2017 Total Unrestricted &
Designated Funds (9) (52) - - - 618 152 251 (693) (374) 4'505 2'522 3'767 6'571 4'040 8'572 6'606 6'600 4'040 (2'147) (4'034) (1'966) (2'027) 11'412 2018 Total
15 15 15 15 15 ------2018
30 63 ------368 368 275 (368) (368) 2018
------184 389 795 795 795 1'325 1'898 1'898 (1'103) (1'103) 2018
------2018 Funds Fixed Assets Building Project from Develt Project Designated Funds
(9) (52) - - 159 152 251 (510) (693) (374) (571) 3'315 4'475 1'197 5'761 4'040 6'306 9'146 5'796 5'790 4'040 (2'147) (4'034) 2018 Funds Operating Programme Fund for Fund for Fund to be covered Unrestricted & Unrestricted Designated Designated Designated Deficit
R Financial Report 2018 Transfers to/(from) funds Transfers between funds Interest expense Operating & other programme costs Salaries Depreciation Direct programme costs: grants Total Other income Miscellaneous income Rental income and sales Financial expense Financial income Total Contributions Income Programme contributions Membership & other unrestricted income Schedule VII Unrestricted and Designated Funds NET (DEFICIT)/SURPLUS FOR THE YEA OPERATING TRANSFERS NET (DEFICIT)/SURPLUS BEFORE OPERATING TRANSFERS TOTAL COSTS BEFORE TRANSFERS Redistributed infrastructure costs Guest house internal (sales)/charges TOTAL COST OF OPERATIONS COST OF OPERATIONS TOTAL INCOME Distribution of unrestricted income OTHER INCOME For the year ended 31 December 2018 CONTRIBUTIONS INCOME (Swiss Francs 000's) 38 Financial Report 2018
Schedule VIII Unrestricted Operating Funds For the year ended 31 December 2018 (Swiss Francs 000’s) 80 10 - - - (53) (63) 314 177 (154) (630) 3'916 3'378 5'938 1'228 4'350 3'916 6'182 6'245 6'178 9'133 (3'912) (2'258) Total Unrestricted Operating Funds
(9) - - (52) 152 159 (571) (374) (510) (693) 4'040 5'761 1'197 4'475 4'040 6'306 9'146 Total Unrestricted
Operating Funds 3 (9) (8) 58 33 10 66 ------(21) (52) 191 158 191 (194) (133) Y1 Fund
251
5'796 3'315
5'790
(4'034)
(2'147) General Secretariat 2 ------471 132 (257) (257) (702) 2'368 1'359 1'367 2'370 2'627 2'370 3'329 Y5 House Ecumenical Institute Guest
44 ------318 318 207 318 318 441 692 (374)
3 18 ------248 187 915 (120) (120) (353) (102) (102) 1'102 (1'084) F5 F6
37 13 79 37 24 37 ------418 497 (460)
53 27 ------682 729 260 3'062 3'115 3'115 2'855
Facility services Human Resources Finance IT services 9 33 60 60 ------447 480 (489) 4'040 4'040 F2 F3 and F8 F4 Income Development Monitoring &
1'417
3'115
------F1 2018 2018 2018 2018 2018 2018 2018 2018 2018 2017 Directorate Management
(4'100)
R Financial Report 2018 Membership & other unrestricted income Programme contributions Financial income Total Contributions Income Financial expense Rental income and sales Direct programme costs: grants Depreciation Transfers between funds Miscellaneous income Operating & other programme costs Transfers to/(from) funds Total Other income Interest expense Salaries Schedule VIII Unrestricted Operating Funds CONTRIBUTIONS INCOME For the year ended 31 December 2018 (Swiss Francs 000's) OTHER INCOME COST OF OPERATIONS NET (DEFICIT)/SURPLUS BEFORE OPERATING TRANSFERS OPERATING TRANSFERS NET (DEFICIT)/SURPLUS FOR THE YEA Distribution of unrestricted income TOTAL INCOME TOTAL COSTS BEFORE TRANSFERS TOTAL COST OF OPERATIONS Guest house internal (sales)/charges Redistributed infrastructure costs Financial Report 2018 39
ANNUAL SUMMARY OF CONTRIBUTIONS For the year ended 31 December 2018 495 100 250 996 656 199 484 378 408 520 758 387 916 500 500 499 253 474 983 595 1'092 8'659 1'016 1'258 1'010 4'621 6'525 1'496 1'155 1'678 1'129 9'060 1'561 1'541 1'017 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Unconsolidated CHF
17'167
17'510
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 250 484 500 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ CHF
‐ ‐ ‐ 495 100 996 656 199 378 408 520 758 387 916 500 499 253 474 983 595 1'092 8'659 1'016 1'258 1'010 4'621 6'525 1'496 1'155 1'678 1'129 9'060 1'561 1'541 1'017 17'167 17'510 CHF Membership Undesignated Programme Assembly Total
inshasa en Afrique ANNUAL SUMMARY OF CONTRIBUTIONS for the year ended 31 December 2018 Contributor Africa African Christian Church and Schools African Church of the Holy Spirit Anglican Church of Kenya Anglican Church of Southern Africa Christian AIDS Bureau for Southern Africa Church of Central Africa Presbyterian Blantyre Synod Church of the Brethren in Nigeria Church of the Lord (Prayer Fellowship) Worldwide Church of Uganda Churches Health Association of Zambia Council of African Instituted Churches of Southern Africa Dutch Reformed Church Eglise de Jésus‐Christ à Madagascar Eglise du Christ au Congo ‐ Communauté épiscopale baptiste Eglise du Christ au Congo ‐ Communauté presbytérienne de K Eglise presbytérienne camerounaise Episcopal Church of South Sudan and Sudan Eglise presbytérienne au Rwanda Eritrean Orthodox Tewahedo Church Ethiopian Evangelical Church Mekane Yesus Evangelical Lutheran Church in Namibia Evangelical Presbyterian Church, Ghana Igreja Evangélica Congregacional em Angola Igreja Presbiteriana de Moçambique INERELA+ Lutheran Church in Liberia (Note 1) Methodist Church Ghana Methodist Church in Zimbabwe Methodist Church Nigeria Methodist Church of Southern Africa Methodist Church of Togo Moravian Church in South Africa Nigerian Baptist Convention Presbyterian Church in Cameroon Presbyterian Church of East Africa Presbyterian Church of Nigeria The African Church (Note 1) 40 Financial Report 2018 30 398 740 496 789 498 231 1'020 1'082 8'923 3'502 1'020 1'136 3'030 3'183 1'966 1'157 1'222 3'217 6'151 1'285 1'457 1'059 2'592 7'320 1'840 3'528 1'018 2'028 3'507 3'204 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 2'267 CHF 89'948 31'734 13'525
10'612
12'934 10'592 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 30 740 450 3'507 1'234 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ CHF
31'734
‐ ‐ ‐ ‐ 398 496 789 950 498 231 1'020 1'082 8'923 3'502 1'020 1'136 2'580 3'183 1'966 1'157 1'222 6'151 1'285 1'457 1'059 2'592 7'320 1'840 1'018 2'028 3'528 3'204 13'525 10'612 88'715 12'934 10'592 CHF Membership Undesignated Programme Assembly Total
2) United Church of Zambia Uniting Presbyterian Church in Southern Africa Total Africa Act for Peace Anglican Church in Aotearoa, New Zealand and Polynesia Anglican Church in Japan Anglican Church of Australia Contributor Bangladesh Baptist Church Sangha Barrett‐Lennard Judith China Christian Council Christian Churches of Java (GKJ) Christian Protestant Church in Indonesia (GKPI) Church of Ceylon Church of Christ in Thailand Church of Pakistan Churches of Christ in Australia Council of Baptist Churches in North East India East Java Christian Church (GKJW) Episcopal Church in the Philippines Evangelical Christian Church in Tanah Papua (GKITP) (Note Hong Kong Council of the Church of Christ in China Iglesia Filipina Independiente Kalimantan Evangelical Church (GKE) Karo Batak Protestant Church (GBKP) Malankara Orthodox Syrian Church Mar Thoma Syrian Church of Malabar Methodist Church in Malaysia (Note 3) Methodist Church in Singapore Methodist Church of New Zealand Methodist Church, Sri Lanka Miscellaneous, Asia Myanmar Baptist Convention National Christian Council in Japan Nias Christian Protestant Church (BNKP) Presbyterian Church in Taiwan Presbyterian Church in the Republic of Korea Asia Presbyterian Church of Aotearoa New Zealand Financial Report 2018 41 ‐ 989 571 1'058 1'890 1'061 2'829 1'017 3'545 1'585 1'000 6'155 1'189 1'055 2'318 1'064 1'052 1'029 3'253 1'073 6'686 3'464 6'458 6'010 4'721 217'330 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 2'267 CHF 35'469
20'961
13'405 62'691
4'678'714 160'000 105'883 179'618 140'009 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 9'969 2'829 176'869 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 2'749 CHF
49'259
62'691
4'678'714 160'000 105'883
23'335 ‐ ‐ ‐ ‐ ‐ ‐ 989 571 1'058 1'890 1'061 1'017 3'545 1'585 1'000 6'155 1'189 1'055 2'318 1'064 1'052 1'029 3'253 1'073 6'686 3'464 6'458 6'010 4'721 25'500 20'961 13'405 116'674 165'804 CHF Membership Undesignated Programme Assembly Total
d Presbyterian Church of Korea Protestant Christian Batak Church (HKBP) Protestant Church in Sabah (PCS) Protestant Church in Western Indonesia (GPIB) Simalungun Protestant Christian Church (GKPS) Contributor The National Organization of the Korean Presbyterian Women Toraja Church United Church of Christ in Japan United Church of Christ in the Philippines United Evangelical Lutheran Churches in India Uniting Church in Australia Total Asia Church in the Province of the West Indies Iglesia Presbiteriana‐Reformada en Cuba Jamaica Baptist Union Moravian Church, Eastern West Indies Province Presbyterian Church in Trinidad and Tobago United Church in Jamaica and the Cayman Islands United Protestant Church of Curaçao Total Caribbean Arbeitsgemeinschaft Christlicher Kirchen in Deutschland Arbeitsgemeinschaft Mennonitischer Gemeinden in Deutschlan Armenian Apostolic Church (Mother See of Holy Etchmiadzin) Baptist Union of Denmark Baptist Union of Great Britain Bread for the World Brot für Alle Christian Aid Christian Council of Sweden Christkatholische Kirche der Schweiz Church in Wales Church of England Caribbean Europe Church of Greece Church of Ireland 42 Financial Report 2018 57 500 995 432 118 5'004 2'786 5'000 3'942 5'328 1'926 2'309 1'561 1'481 2'905 3'611 9'051 2'274 1'967 2'131 3'000 8'391 8'972 98'449 336'082 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 12'919 57'743 CHF 306'368
1'488'545
208'981 17'436 396'595 14'750
10'736 44'832 998'370 28'202 55'621
133'145
15'586
11'184
11'087 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 995 814 5'004 5'000 2'131 3'000 8'391 8'972 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 500 CHF 102'230 23'247 1'028'785
208'981 17'436 396'595 14'750
160'234 28'202 55'621
72'199
11'184
11'087 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 57 432 118 2'786 3'942 5'328 1'926 2'309 1'561 1'481 2'905 3'611 9'051 2'274 1'967 62'284 10'736 44'832 14'772 204'139 459'760 838'135 133'145 206'141 CHF Membership Undesignated Programme Assembly Total
IZ) Church of Norway Church of Scotland Contributor Church of Sweden Children's Investment Fund Foundation Communauté de Grandchamp Czechoslovak Hussite Church DanChurchAid DEFAP ‐ French Evangelical Department for Apostolic Action Deutsche Gesellschaft für Internationale Zusammenarbeit (G Diakonie Auslandshilfe Österreich DIFAEM ‐ German Institute for Medical Mission DM‐échange et mission Ecumenical Patriarchate Eglise Protestante Unie de Belgique Eglise protestante unie de France EKD ‐ Evangelische Kirche in Deutschland EKD ‐ Evangelische Kirche im Rheinland EKD ‐ Evangelische Kirche in Hessen und Nassau Estonian Evangelical Lutheran Church Evangelical Baptist Union of Italy Evangelical Church of Czech Brethren Evangelical Church of Greece Evangelical Church of the Augsburg Confession in Poland Evangelical Church of the Augsburg Confession in Romania Evangelical Church of the Augsburg Confession in Slovakia Evangelical Lutheran Church in Denmark Evangelical Lutheran Church in Hungary Evangelical Lutheran Church of Finland Evangelical Lutheran Church of Iceland Evangelical Lutheran Church of Latvia Evangelical Methodist Church in Italy Evangelical Presbyterian Church of Portugal Evangelische Brüder‐Unität Evangelische Kirche A.u.H.B. in Österreich Evangelische Kirche in Deutschland Kirchenamt Evangelische Landeskirche des Kantons Thurgau Evangelische Regionalverband Frankfurt am Main Evangelische Regionalverband Gießen (RV Oberhessen) Evangelische Regionalverband Oberursel Evangelische Regionalverband Rheinhessen Financial Report 2018 43 500 525 573 662 8'695 3'673 1'797 4'349 1'973 3'972 1'877 2'556 2'907 4'278 7'874 1'370 1'000 5'000 1'000 5'000 5'985 2'000 1'685 1'681 1'098 1'041 3'925 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ CHF
11'396 11'311 17'050
1'522'090
11'767 25'000
118'572 413'614
65'000
340'470
355'413
56'136 30'000 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 525 662 8'695 3'673 1'797 4'349 1'973 3'972 1'877 2'556 2'907 4'278 7'874 1'370 1'000 2'000 1'000 5'000 5'985 2'000 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 500 573 3'000 CHF
11'396 11'311 17'050
1'522'090
11'767 25'000
118'572 413'614
65'000
340'470
355'413
45'046 30'000 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 1'685 1'681 1'098 1'041 3'925 11'089 CHF Membership Undesignated Programme Assembly Total
t Evangelische Regionalverband Rhein‐Lahn‐Westerwald Evangelische Regionalverband Starkenburg‐Ost Contributor Evangelische Regionalverband Starkenburg‐West Evangelische Regionalverband Wetterau Evangelische Regionalverband Wiesbaden‐Rheingau‐Taunus Evangelisches Dekanat Darmstadt‐Land Evangelisches Dekanat Darmstadt‐Stadt Evangelisches Dekanat Dreieich Evangelisches Dekanat Gießen Evangelisches Dekanat Odenwald Evangelisches Dekanat Rodgau Evangelisches Dekanat Worms‐Wonnegau Evangelisches Missionswerk in Deutschland Evangelisch‐Reformierte Kirche Basel‐Stadt Evangelisch‐Reformierte Kirche des Kantons Basel‐Landschaf Evangelisch‐Reformierte Kirche des Kantons Schaffhausen Evangelisch‐Reformierte Kirche des Kantons St Gallen Evangelisch‐Reformierte Kirchgemeinde Diessbach Evangelisch‐Reformierte Kirchgemeinde Matthäus Evangelisch‐Reformierte Kirchgemeinde Oberwinterthur Evangelisch‐Reformierte Kirchgemeinde Spiez Evangelisch‐Reformierte Kirchgemeinde Tablat‐St Gallen Evangelisch‐Reformierte Kirchgemeinde Thalwil Evangelisch‐Reformierte Landeskirche Graubünden FELM Finn Church Aid Focolare Movement Fondation pour l'aide au protestantisme réformé Grote Kerk Rotterdam Overschie Hannah Ruth HEKS ‐ Hilfswerk der Evangelischen Kirchen Schweiz ICAN ‐ International campaign to abolish nuclear weapons Iglesia Evangélica Española (note 2) Katholisches Bistum der Alt‐Katholiken in Deutschland Kerk in Actie Lusitanian Church of Portugal Mennonite Church in the Netherlands Methodist Church in Ireland Methodist Church Mission 21 ‐ Evangelisches Missionswerk Basel 44 Financial Report 2018 700 117 582 800 500 662 948 1'228 4'330 1'061 3'752 1'500 1'014 1'134 1'696 1'131 2'713 2'000 1'690 5'092 4'601 1'163 1'782 1'457 9'896 10'550 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ CHF 19'184 463'817
69'105 11'016
15'000 10'378
32'658
160'720
10'694 267'303
147'869 48'842 158'545
11'072
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 700 582 800 500 662 7'808 1'134 1'696 2'713 2'000 93'303 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 2'742 44'000 CHF
19'184 463'817
15'000 10'378
32'658
160'720
147'869 48'842 158'545
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 117 948 1'228 4'330 1'061 3'752 1'500 1'014 1'131 1'690 5'092 4'601 1'163 1'782 1'457 9'896 69'105 11'016 10'694 11'072 130'000 CHF Membership Undesignated Programme Assembly Total
Miscellaneous, Europe Nathan Söderblom Memorial Fund Norwegian Church Aid Contributor Old‐Catholic Church in the Netherlands Orthodox Autocephalous Church of Albania Orthodox Church in the Czech Lands and Slovakia Orthodox Church of Finland Paroisse de Terre Sainte ‐ Céligny Polish Autocephalous Orthodox Church in Poland Presbyterian Church of Wales Prisma Pro Ökumene e.V. Initiative in Württemberg Protestant Church in the Netherlands Reformed Church in Hungary Reformed Church in Romania Reformierte Christliche Kirche in der Slowakei Reformierte Kirche Kölliken Reformierte Kirche Stadt Luzern Reformierte Kirchen Bern‐Jura‐Solothurn Reformierte Kirchgemeinde Bremgarten‐Mutschellen Reformierte Kirchgemeinde Gsteig‐Interlaken Reformierte Kirchgemeinde Kelleramt Reformierte Landeskirche Aargau Refornierte Kirchgemeinde Wülflingen Religious Society of Friends Remonstrant Church Roemisch‐Katholische Pfarrei Romanian Orthodox Church Russian Orthodox Church (Moscow Patriarchate) Schweizerischer Evangelischer Kirchenbund Scottish Episcopal Church Serbian Orthodox Church Silesian Evangelical Church of the Augsburg Confession Stichting Rotterdam Swiss Agency for Development and Cooperation SDC Swiss Federal Department of Foreign Affairs (FDFA) Undeb yr Annibynwyr Cymraeg Union des Eglises Protestantes d'Alsace et de Lorraine United Free Church of Scotland United Reformed Church Financial Report 2018 45 839 267 832 895 9'493 1'106 1'047 1'039 1'203 9'286 4'993 1'026 2'211 3'121 1'762 2'480 1'066 2'498 1'952 4'298 CHF 14'400'241
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 70'661 CHF 223'640
14'674
20'539
10'164 11'042
38'291 24'801
21'113 31'320 15'023 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 267 832 9'493 8'885 1'099 CHF 11'792'638
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 404 54'063 CHF 211'661
15'023 ‐ ‐ ‐ ‐ 164 839 895 1'106 1'047 1'039 1'203 9'286 4'993 1'026 2'211 3'121 1'762 2'480 1'066 2'498 1'952 4'298 11'979 14'674 11'042 10' 24'801 11'824 31'320 20'539 37'192 2'482'879 CHF Membership Undesignated Programme Assembly Total
t Note 2) Note 2) Uniting Church in Sweden Vereinte Evangelische Mission Contributor Waldensian Church Total Europe Iglesia Anglicana de Sudamérica Iglesia Cristiana Biblica Iglesia Evangélica de los Discipulos de Cristo (Note 2) Iglesia Evangélica del Rio de la Plata Iglesia Metodista en el Uruguay Igreja Evangélica de Confissão Luterana no Brasil Igreja Metodista no Brasil Igreja Presbiteriana Unida do Brasil Total Latin America Armenian Apostolic Church (Holy See of Cilicia) Church of Cyprus Coptic Orthodox Church Episcopal Church in Jerusalem and the Middle East (Note 2) Evangelical Lutheran Church in Jordan and the Holy Land Greek Orthodox Patriarchate of Alexandria and All Africa ( Greek Orthodox Patriarchate of Antioch and All the East Greek Orthodox Patriarchate of Jerusalem Miscellaneous, Middle East Swedish Institute Alexandria Syrian Orthodox Patriarchate of Antioch and All the East ( Union of the Armenian Evangelical Churches in the Near Eas Total Middle East African Methodist Episcopal Church African Methodist Episcopal Zion Church American Baptist Churches USA Anglican Church of Canada BNY Mellon (Carnahan Fund) Latin America Middle East North America 46 Financial Report 2018 477 933 993 999 738 150 150 936 938 7'551 6'616 9'382 7'550 1'175 4'303 1'348 1'056 1'482 1'352 5'608 1'075 5'325 3'024 2'760 1'011 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ CHF
144'832
374'369 74'264 89'126
502'449 35'044 18'906
32'596
327'823 131'826 506'467
2'381'448
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 999 936 7'551 1'999 1'264 97'009 121'755 1'223'859 CHF
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 15 738 5'962 3'039 4'966 1'352 16'475 CHF
316'003 74'264 89'126
61'852 26'094
288'738 112'361
‐ ‐ ‐ ‐ ‐ ‐ ‐ 477 933 978 150 150 938 7'383 6'616 7'550 1'175 1'348 1'056 1'482 8'950 5'608 1'075 5'325 3'024 2'760 1'011 17'115 58'367 18'906 32'596 39'085 19'465 440'597 404'493 1'141'115 CHF Membership Undesignated Programme Assembly Total
(Note 1) e s s Canadian Lutheran World Relief Canadian Yearly Meeting of the Religious Society of Friend Contributor Christian Church (Disciples of Christ) in the United State Church of the Brethren Evangelical Lutheran Church in America Christian Methodist Episcopal Church Foundation for Theological Education in Southeast Asia Evangelical Lutheran Church in Canada Hassib Sabbagh Foundation Holy Apostolic Catholic Assyrian Church of the East International Council of Community Churches Maryknoll Office for Global Concerns Latvian Evangelical Lutheran Church Abroad Mendocino Presbyterian Church Presbyterian Church (USA) Orthodox Church in America National Baptist Convention USA, Inc. Miscellaneous, North America Moravian Church in America Presbyterian Church in Canada Reformed Church in America Religious Society of Friends: Friends General Conference Religious Society of Friends: Friends United Meeting The Episcopal Church The Primate’s World Relief and Development Fund United Church of Canada United Church of Christ United Methodist Church United Methodist Foundation of Northern Illinois Conferenc Total North America Ekalesia Niue Eglise protestante Maòhi Eglise Protestante de Kanaky Nouvelle‐Calédonie Congregational Christian Church in Samoa Congregational Christian Church in American Samoa Church of Melanesia Pacific Free Wesleyan Church of Tonga (Methodist Church in Tonga) Financial Report 2018 47 ‐ 60 1'141 9'702 5'000 1'988 217'330 CHF 14'400'241
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ y Total 2'267 70'661 CHF 19'741 22'688
237'690
444'395 68'949 35'048
826'660 89'948
13'405 20'539 38'291 2'381'448 19'741 826'660 ‐ ‐ ‐ ‐ 60 13'967'676 1'141 9'702 5'000 1'988 1'234 1'099 1'223'859 CHF 11'792'638
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 54'063 16'475 CHF
22'688
237'690
444'395 68'949 35'048
826'660
49'259
826'660 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4'039'927 88'715 19'741 13'405 20'539 37'192 19'741 165'804 3'969'388 70'539 13'894'748 72'928 18'007'602 3'969'388 70'539 13'894'748 72'928 18'007'602 2'482'879 1'141'115 CHF Membership Undesignated Programme Assembly Total Membership UDI Programme Assembl
rs the year 2017. ears 2017 and 2018. ears 2016, 2017 and 2018. c Total Pacifi Catholic Committee for Cultural Collaboration CEVAA ‐ Community of Churches in Mission Contributor Council for World Mission Fellowship of the Least Coin Lutheran World Federation Miscellaneous, Global UNAIDS UNICEF World Communion of Reformed Churches World Student Christian Federation Total Global Note 3: The contribution received from this church covers the y Africa Total All Contributors Note 1: The contribution received from this church in 2018 cove Note 2: The contribution received from this church covers the y Asia Caribbean Europe Latin America Middle East North America Pacific Global Global SUMMARY OF CONTRIBUTIONS BY REGION TOTAL Total Membership/UDI and Restricted Contributions 48 Financial Report 2018
Non-financial contributions 2018
During 2018 non-financial contributions – such as hospitality, personnel and travel support – were received from many member churches and ecumenical partners.
Even though such valuable contributions cannot be quantified in the way financial transfers are recorded, we would like to recognize these important donations that have offset WCC programme costs and have enriched the overall quality of the ecumenical fellowship.
In this light, appreciation is recorded for those who extended the effectiveness of the Council’s resources through “in-kind” contributions.
Member Churches Anglican Church of Canada Anglican Church of Kenya Provincial Secretariat for Schools St. Clement Church St. John Manyala Secondary School Butare, Kenya Anglican Church in Aotearoa, New Zealand and Polynesia Tikanga Maori China Christian Council Church in the Province of the West Indies Church of Christ in Thailand Church of Cyprus Metropolis of Constantia and Ammochostos Church of Norway Church of the Province of Central Africa Anglican Diocese of Harare Church of Scotland Church of South India Church of Sweden Dutch Reformed Church Eglise de Jésus-Christ à Madagascar Eglise évangélique presbytérienne du Togo Eglise méthodiste du Togo EKD-Evangelische Kirche in Deutschland EKD - Evangelische Kirche im Rheinland EKD - Evangelische Kirche in Hessen und Nassau EKD - Evangelische Landeskirche in Baden Evangelical Church of Czech Brethren Evangelical Lutheran Church in America Evangelical Lutheran Church in Southern Africa Evangelical Lutheran Church in Tanzania Evangelical Lutheran Church of Finland Iglesia Evangélica de los Discipulos de Cristo Iglesia Evangélica del Río de la Plata Iglesia Presbiteriana de Colombia Igreja Evangélica Congregacional em Angola Caope C on Viana (Church-owned School) Social Centre of the Congregational Church in Angola Jamaica Baptist Union Financial Report 2018 49
Lusitanian Church of Portugal Mennonite Church in the Netherlands Methodist Church Methodist Church of New Zealand Missão Evangélica Pentecostal Angola Moravian Church, Eastern West Indies Province Presbyterian Church (USA) Presbyterian Church in Canada Presbyterian Church of East Africa Lay Training Centre HIV and Drug Program Makupa Parish, Mombasa Presbyterian Church of Nigeria Presbyterian Church of Trinidad and Tobago Protestant Church in the Netherlands Province de l’Eglise anglicane du Rwanda Schweizerischer Evangelischer Kirchenbund Paroisse reformée Berne Reformed parish of Aeschi-Krattigen Reformed parish of Bremgarten-Mutschellen Reformed parish of Bubendorf Ramlinsburg Reformed parish of Cadi Reformed parish of Diessbach Reformed parish of Dornach-Gempen-Hochwald Reformed parish of Dürnten Reformed parish of Ebnat-Kappel Reformed parish of Effretikon Reformed parish of Glattfelden Reformed parish of Gossau Reformed parish of Herzogenbuchsee Reformed parish of Höngg Reformed parish of Kleinbasel Reformed parish of Kölliken Reformed parish of Lauterbrunnen Reformed parish of Münchenstein Reformed parish of Muri Sins Reformed parish of Neunkirch Reformed parish of Reigoldswil Reformed parish of Riehen-Bettingen Reformed parish of Spiez Reformed parish of Tamins-Bonaduz-Rhäzüns Reformed parish of Tenniken-Zunzgen Reformed parish of Trasadingen-Osterfingen-Wilchingen Reformed parish of Willisau-Hüswil United Church of Canada United Church of Christ United Church of Christ in Japan United Methodist Church Zimbabwe West Annual Conference Uniting Church in Sweden Uniting Presbyterian Church in Southern Africa Uniting Reformed Church in Southern Africa 50 Financial Report 2018
Councils and Conferences of Churches All Africa Conference of Churches Arbeitsgemeinschaft Christlicher Kirchen in Deutschland Canadian Council of Churches Caribbean Conference of Churches Christian Council of Mozambique Christian Council of Nigeria Christian Council of Norway Christian Council of Sweden Conference of European Churches Council of Christian Churches in Angola Council of Churches in Zambia Council of Churches of Malaysia Eglise du Christ au Congo Jamaica Council of Churches National Council of the Churches of Christ in the USA Pacific Conference of Churches South African Council of Churches Tonga National Council of Churches
Churches, Communions, Specialized Ministries, other Ecumenical Partners ACT Alliance Al-Azhar University African Union Representation, Washington, D.C., USA Anglican and Catholic Community Students’ Associations, College of Veterinary Medicine, Makerere University, Uganda Aristotle University of Thessaloniki, Faculty of Theology Assemblies of God Daliko Parish in Togo Bethel Baptist Church Bishop Hannington Theological College, Mombasa, Kenya Bread for the World Centre for Dialogue and Cooperation among Civilizations (CDCC) (Jakarta) Centre for Peace and Conflict Studies Centro Pro Unione Christian Health Association of Ghana Christian Health Association of Kenya Christian Medical Association of India Churches for Middle East Peace Communità di Sant’Egidio Comunità monastica di Bose Council for the Development of Social Science Research in Africa (CODESRIA) (Zimbabwe) Council for World Mission Danmission Dev Sanskriti Vishwavidhyalaya, Haridwar, India Espoir Vie-Togo Evangelisches Missionswerk in Deutschland Faith and Order Nordic Network Fellowship of Christian Councils and Churches in West Africa (FECCIWA) Fellowship of the Least Coin Foundation for Theological Education in South East Asia (FTESEA) Financial Report 2018 51
Georgetown University Ghana Ministry of Health Interparliamentary Assembly on Orthodoxy (IAO) KAICIID Korean Christian Federation INERELA+ INERELA+, Ghana Leibnitz University Hanover, Germany Lutheran World Federation Mennonite Brethren Centenary Bible College (MBCBC)(India) Methodist Theological Seminary Sao Paulo, Brazil National AIDS Council (Zimbabwe) Nazarene Church in Mozambique Norwegian Church Aid Orthodox Academy of Crete Pittsburgh Theological Seminary, USA Pro Oriente Protestant Teaching Board of the Methodist and Presbyterian Churches in Togo Protestant University of West Africa (UPAO), Benin Roman Catholic Church Archdiocese of Malta Dicastery for Promoting Integral Human Development Diocese of Tonga Pontifical Council for Interreligious Dialogue Pontifical Council for Promoting Christian Unity Salvadoran Lutheran University, El Salvador Sami Church Council Save the Children Senate of Serampore College Senior Military Officers in SADC (Southern African Development Community) St. Andrew’s College - University of Saskatchewan St. Paul’s University, Limuru, Kenya Swedish Mission Council Tao Fong Shan Christian Centre Tonga National Forum of Church Leaders Tumaini University - Makumira University College UAE Minister for Foreign Affairs and International Cooperation UN Committee on the Exercise of the Inalienable Rights of the Palestinian People UNESCO United Bible Societies United Evangelical Mission United Methodist Church - General Board of Global Ministries United Methodist Women University of Ghana VID Specialized University Wellcome Trust World Communion of Reformed Churches World Student Christian Federation Young Women Christian Association (YWCA), Tanzania 52 Financial Report 2018
Note on Membership Contributions
The following churches made no membership contribution in 2018. Churches marked with an asterisk made an in-kind contribution in 2018 (see also Non-financial Contributions 2018, pp. 48-51).
Africa Africa Inland Church of South Sudan and Sudan African Brotherhood Church African Israel Nineveh Church Anglican Church of Tanzania Association des Eglises baptistes au Rwanda Association des églises évangéliques réformées du Burkina Faso Church of Nigeria (Anglican Communion) Church of the Province of Central Africa* Church of the Province of the Indian Ocean Church of the Province of West Africa Communauté baptiste au Centre de l’Afrique Eglise anglicane du Burundi Eglise baptiste camerounaise Eglise du Christ - Lumière du Saint Esprit Église du Christ au Congo - Communauté anglicane au Congo Église du Christ au Congo - Communauté baptiste du Congo Église du Christ au Congo - Communauté des disciples du Christ Église du Christ au Congo - Communauté évangélique Église du Christ au Congo - Communauté mennonite au Congo Église du Christ au Congo - Communauté presbytérienne Eglise évangélique du Cameroun Eglise évangélique du Congo Eglise évangélique du Gabon Eglise Evangélique Luthérienne au Congo Eglise évangélique presbytérienne du Togo* Église harriste Eglise méthodiste unie de la Côte d’Ivoire Eglise protestante africaine Eglise protestante d’Algérie Eglise protestante méthodiste du Bénin Ethiopian Orthodox Tewahedo Church Evangelical Lutheran Church in Southern Africa* Evangelical Lutheran Church in Tanzania* Evangelical Lutheran Church in the Republic of Namibia Evangelical Lutheran Church in Zimbabwe Evangelical Lutheran Church of Ghana Evangelical Presbyterian Church in South Africa Iglesia Reformada Presbiteriana de Guinea Ecuatorial Igreja Evangélica Baptista em Angola Igreja Evangélica Reformada de Angola Kenya Evangelical Lutheran Church Lesotho Evangelical Church Financial Report 2018 53
Malagasy Lutheran Church Methodist Church in Kenya Methodist Church Sierra Leone Missao Evangélica Pentecostal Angola* Moravian Church in Tanzania Presbyterian Church of Africa Presbyterian Church of Ghana Presbyterian Church of Liberia Presbyterian Church of South Sudan and Sudan Province de l’Eglise anglicane du Rwanda* Reformed Church in Zambia Reformed Church in Zimbabwe Reformed Church of Christ in Nigeria Union des Eglises baptistes du Cameroun United Church of Christ in Zimbabwe United Congregational Church of Southern Africa Uniting Reformed Church in Southern Africa*
Asia Anglican Church of Korea Baptist Union of New Zealand Batak Christian Community Church (GPKB) Bengal-Orissa-Bihar Baptist Convention Christian Church of Central Sulawesi (GKST) Christian Church of Sumba (GKS) Christian Churches New Zealand Christian Evangelical Church in Minahasa (GMIM) Christian Evangelical Church of Sangihe Talaud (GMIST) Christian Protestant Angkola Church (GKPA) Church of Bangladesh Church of North India Church of South India* Church of the Province of Myanmar Convention of Philippine Baptist Churches Evangelical Christian Church in Halmahera (GMIH) Evangelical Methodist Church in the Philippines Indonesian Christian Church (GKI) Indonesian Christian Church (HKI) Korean Christian Church in Japan Korean Methodist Church Lao Evangelical Church Mara Evangelical Church Methodist Church in India Methodist Church in Indonesia (GMI) Methodist Church, Upper Myanmar Orthodox Church in Japan Pasundan Christian Church (GKP) Presbyterian Church of Pakistan 54 Financial Report 2018
Protestant Christian Church in Bali (GKPB) Protestant Church in Indonesia (GPI) Protestant Church in South-East Sulawesi (GEPSULTRA) Protestant Church in the Moluccas (GPM) Protestant Church in Timor Lorosa’e Protestant Evangelical Church in Timor (GMIT) Samavesam of Telugu Baptist Churches
Caribbean Convention baptiste d’Haïti Iglesia Metodista de Puerto Rico Iglesia Metodista en Cuba Methodist Church in the Caribbean and the Americas Moravian Church in Jamaica and the Cayman Islands Moravian Church in Suriname
Europe Altkatholische Kirche Österreichs Baptist Union of Hungary Evangelical-Lutheran Church in Romania Iglesia Española Reformada Episcopal Old-Catholic Mariavite Church in Poland Polish Catholic Church in Poland Reformierte Christliche Kirche in Serbien Slovak Evangelical Church of the Augsburg Confession in Serbia
Latin America Asociación Bautista de El Salvador Asociación Iglesia de Dios Convención Bautista de Nicaragua Iglesia de Misiones Pentecostales Libres de Chile Iglesia Evangélica luterana boliviana Iglesia Evangélica Luterana en Chile Iglesia Evangélica Luterana Unida Iglesia Evangélica Metodista Argentina Iglesia Evangélica Metodista en Bolivia Iglesia Luterana Salvadoreña Iglesia Metodista de Chile Iglesia Metodista de Mexico Iglesia Metodista del Peru Iglesia Morava en Nicaragua Iglesia Pentecostal de Chile Iglesia Presbiteriana de Colombia* Igreja Episcopal Anglicana do Brasil Igreja Presbiteriana Independente do Brasil Misión Iglesia Pentecostal
Financial Report 2018 55
Middle East Evangelical Presbyterian Church in Iran Evangelical Presbyterian Church of Egypt, Synod of the Nile National Evangelical Synod of Syria and Lebanon
North America Christian Church (Disciples of Christ) in Canada Hungarian Reformed Church in America International Evangelical Church National Baptist Convention of America, Inc. Polish National Catholic Church Progressive National Baptist Convention, Inc.
Pacific Cook Islands Christian Church Ekalesia Kelisiano Tuvalu Evangelical Lutheran Church of Papua New Guinea Kiribati Uniting Church Methodist Church in Fiji and Rotuma Methodist Church of Samoa Presbyterian Church of Vanuatu United Church in Papua New Guinea United Church in the Solomon Islands United Church of Christ - Congregational in the Marshall Islands