[HarleyD]

The Church's One Foundation

The Church's one foundation
Is Jesus Christ her Lord,
She is His new creation
By water and the Word.
From heaven He came and sought her
To be His holy bride;
With His own blood He bought her
And for her life He died.

She is from every nation,
Yet one o'er all the earth;
Her charter of salvation,
One Lord, one faith, one birth;
One holy Name she blesses,
Partakes one holy food,
And to one hope she presses,
With every grace endued.

[kinsman redeemer]

Although your red text almost persuaded me to change my mind on the whole matter (/sarc), when I looked into the origin of the hymn I decided to stick with what Christ actually taught and what His disciples eventually understood because of what Jesus Christ did the next day on the cross to pay for my sins.

Samuel J. Stone (1839-1900) wrote "The Church's One Foundation" as one of twelve published in Lyra Fidelium: Twelve Hymns on the Twelve Articles of the Apostles’ Creed (1866). He was An Anglican priest.

Does the Anglican church believe in transubstantiation?

No.

From the 1662 Articles of the Anglican Faith, the infamous Black Rubric, which, to this day, divides High and Low Anglican churchmen:

Whereas it is ordained in this Office for the Administration of the Lord's Supper, that the Communicants should receive the same kneeling; (which order is well meant, for a signification of our humble and grateful acknowledgment of the benefits of Christ therein given to all worthy Receivers, and for the avoiding of such profanation and disorder in the holy Communion, as might otherwise ensue;) yet, lest the same kneeling should by any persons, either out of ignorance and infirmity, or out of malice and obstinacy, be misconstrued and depraved: It is hereby declared, That thereby no adoration is intended, or ought to be done, either unto the Sacramental Bread or Wine there bodily received, or unto any Corporal Presence of Christ's natural Flesh and Blood. For the Sacramental Bread and Wine remain still in their very natural substances, and therefore may not be adored; (for that were Idolatry, to be abhorred of all faithful Christians;) and the natural Body and Blood of our Saviour Christ are in Heaven, and not here; it being against the truth of Christ's natural Body to be at one time in more places than one.

This is Article 28 in the 39 Articles of Faith found in all past and current Anglican/Episcopal missals/prayer books.