Sentence:  The New Testament offered to the public today <WSD>is</WSD> the first result of the work of a joint committee made up of representatives of the Church of England , Church of Scotland , Methodist Church , Congregational Union , Baptist Union , Presbyterian Church of England , Churches in Wales , Churches in Ireland , Society of Friends , British and Foreign Bible Society and National Society of Scotland . 
Meaning of the word marked with <WSD> tags:  have the quality of being; (copula, used with an adjective or a predicate noun)