Chief Finance Officer appointed for the National Church Institutions
Ian Theodoreson has been appointed as Chief Finance Officer for the National Church Institutions of the Church of England, including the Archbishops’ Council, the Church Commissioners for England and the Church of England Pensions Board.
Ian, reporting to the Church Commissioners, will be responsible for the financial management and reporting for the three bodies, which have a combined annual turnover of around £350 million. He will coordinate strategic thinking on financial issues and will also oversee the operation of the national institutions’ financial policy, planning and budget setting. He will take up the post on 26th January 2009.
Andrew Brown, Secretary to the Church Commissioners, welcomed the appointment adding: “Ian Theodoreson’s experience and ability will be an asset to the whole Church. He brings a wealth of experience of financial matters in leading charities and he has a broad view which will benefit the whole church, especially during these difficult times and as we continue to work more closely together.'
Responding to his appointment, Ian Theodoreson said: “I am really excited to be appointed to this new and challenging role. The Church of England plays a pivotal role in the fabric of British society and it is a privilege to have the opportunity, as a finance professional, to apply my expertise to this important work.”
A Fellow of the Institute of Chartered Accountants, Ian Theodoreson worked for ten years for Ernst & Young, rising to senior manager before moving into the charity sector, firstly as Finance Director with Save the Children (1987) and then in a wider role as UK Director of Corporate Resources with Barnardo’s (1995). At Barnardo’s, he is responsible for finance, IT, property and facilities, and company secretarial services.
He was one of the founders of the Charity Finance Directors’ Group and the Charity Consortium and served on the original Charity Commission SORP (Statement of Recommended Practice) Committee. In recent years, he has led the sector in representations to Government on changes to the Pension Protection Fund.
The Church Commissioners, Archbishops’ Council and the Pensions Board comprise the three largest of the national institutions of the Church of England (NCIs). They support the work of its 44 dioceses and 16,000 parishes, whose activities cost around £1bn per year. Accounting services were brought together in 2006 and other finance functions are being brought progressively closer. Each organisation works closely together while having its own separate legal responsibilities, duties and governance arrangements.