During this week the media have caught up with the Sydney Anglican Diocese’s poor share investment results. It is true that the Diocesan Endowment and the Archbishop’s Endowment have recorded at least a 50% loss over the last 12 months. It will affect the Diocese’s Regional Leadership, their major church organisation and the training colleges.

It does not affect the ministries of local churches and the building capital grants (as those funds had been withdrawn from the accounts that suffered the loss). Hence Dapto’s building grant is still available, if we commence building within the next 18 months.

The Diocesan is not responding by just cutting programs or jobs. The Archbishop is leading a process where a restructuring occurs that will enhance our mission and ministry effectiveness. It is a God given chance to change things that may never have changed, despite the need. Please pray for the Archbishop and his team as they negotiate these troubled waters and lead us to an even better place to connect with our community and proclaim Jesus.

Stephen Semenchuk,
Senior Minister