14 The Society Continues to Enable Communion Ministry The year 2018 will be remembered as a milestone year for the Society as preliminary figures indicate that our collective donations pushed our total to more than $1 Million (USD), a 35% growth in giving over 2017. With strong support from the new Hong Kong Chapter and an upturn in Canadian giving, the Society will for the first time in some years meet our giving target for 2018. Hong Kong led the Society in new memberships in 2018 although the US and Canada also had strong growth. The generosity of our members has provided more than $550,000 for the ACC in support of its mission and ministry. We were also able to meet critical needs throughout the Communion with more than $210,000 to support the Diocese of Jerusalem in their aid to those in need in the Middle East. Also, the Society supported the Church of South India, the Diocese of Tanzania, Canterbury Cathedral and the Diocese of the Cape Coast as well as other Anglican dioceses and entities. Our members have so far allowed the Society to exceed $11.5 million in donations since our founding. Operating expenses for the Society grew in 2018 primarily as a result of increased expenses for the Annual General Meeting in London which was not as well attended as past meetings. Expenses were less than had been budgeted due to reduced requirements for the Endowment’s start-up and overall expenses were less than 15% of the Society’s revenues. I am pleased to report that the Society has raised over $150,000 in contributions and pledges for the Endowment Campaign. The Endowment Committee continues to work towards our goal of providing a trust fund to endow the Society’s annual commitment to the ACC budget. The flexibility offered by this fund would then allow the Society to widen its giving to the pressing needs of the provinces within the Anglican Communion. As you can see, the Society continues to be an important part of the Anglican Communion’s support. We will be finalizing these financials over the coming months and will post final statements for 2018 on the website www. compassrosesociety.org after the spring Board Meeting in April. Should you have any questions or concerns, please feel free to contact me at treasurer@compassrosesociety.org. Respectfully submitted, Robert J. Biehl, Treasurer FinancialREPORT 2018