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Australian church to close after $6.6 million shortfall

AUSTRALIA’S CHURCH OF THE BIBLE is expected to close following a $6 million deficit, the Anglican Church of the Highlands said.

The church’s executive was due to deliver the news to the Australian Church Association’s executive board in Melbourne on Monday, but the church’s financial affairs officer told them the news would not be released.

“There was no reason why this should not be published to the public at a later date,” the Anglicans executive officer, John Molloy, told The Australian.

The Anglican News Network reported that a senior official at the Anglicanism Centre of Christ in South Australia told the ABC the church was “in a financial difficulty”.

“There’s been a lot of talk about how the church is in trouble and we’re really just dealing with a very basic situation where the church can’t make ends meet,” the senior official said.

“We’re actually operating in a very difficult financial position.”

It’s not that we haven’t had a lot going on but it’s been about what we can afford to do to meet the needs of the people of the church.

“So I think it’s fair to say that we’re in a financial situation where we’re not going to be able to operate on an annual basis and I think we’ll need to look at our priorities and look at other options.”

The Anglicans had about $1.6 billion in assets under management, including a $1 billion debt that was due in June.

The Church of England, which was founded in 1585, had $1bn in assets.