2020-12-31-accounts - The Archbishops' Council

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Pane	04	Presidents' Foreword
Pago	06	The Archbishops' Council
Paae	07	The Council's Objectives
Page	08	Financial Summary
I age	10	From the Secretary General
Page	12	Objective 1:Evangelism
Page	16	Objective 2: Discipleship
Page	18	Objective 3:Ministry
Page	20	Objective 4:Common Good
Page	22	Objective 5:Education
Page	26	Objective 6:Resources for the Church
Paae	28	Objective 7:Safeguarding
Paae	30	Objective 8:Governance	for the Church
Page	34	Objective 9:A Church for	All People
Page	36	The Council's Plans for 2021
Page	40	Financial Review
Pace	44	Governance
Pace	48	People and Organisation
I age	50	Risk Management
Pau	54	Independent Auditor's Report
Page	58	Statement of Financial Activities
Page	60	Balance Sheet
Page	61	Cash Flow Statement
Page	62	Notes to the Financial Statements

Archbishops, Council Annual Report 2020 Manchester The project wll grow the Church in the deprived urt)an aaS of South Marbchester Ilrom St Weburghs. Chorlton. in partnership with St Philips Salford and the New Wine Network). Central Manchester (from The A$censn. Hulme, in partnership wrth HeartEdge and St-Martin-in-the-Fielttsl and in Ploch(lale fin partnership with the Church Reviialisalion TrLJ$I and Chur¢h Army). Award&1 £5.Om tOW2rds project Costs of £8.6m. Oxford SDF will invest in four large urtian areas where church attendance is low.. Milton Keyne5 ISI Marys. 81elchley). High Wycombe (St Andrews). Reading (GY[ar$I and Slough 1st Paulbl will deliver a programme of Church planting and rewlalisation. The prograrnme will also devdop ISh expr1$ ol church. supported by a diwesan Devebpmènt Fund. Awarded £2.Om towards project ¢osts of £4.0m, vrin¢hester The proj8Ct wll 8Xt8nd mi88ion in th8 dioc8S8'8 L9rg88t pOpulatn ar8a8 throLpJh inv8strn8nt in southarnpt City C8nlre ISI Barnabasl, W88t Southampton (St Wiriifrid'5 Tottonl and In the w8St8rn side of Bourn8mouth town c8ntre (St Micha80. The project w1 also invest in a leaming comrnunity and netrojork of church planters. Awarded £3.2m towards project costs of £8.1 m. York Tne project wll rnake new disciples and create new worshipping c(xnmunities in the deprived areas of M¥Jdlesbrough, Scarborough, ClevelaDdlRedcar and Bridlingon by training and rnenloring parishes and local Lqy people to becoyne effeuwe in community &vangelism and to equip lay pioneers tts pknt worshippiw communities. Awarded £1.4m towards tot project costs of 11,9m.

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, t[LD8 ,ljl I, confiM)aln of @8ction in Juty 2020 bistw DI CanleTbury. Justin W81by recording his 2021 Newyear Message fro the chap4 8t St I hom3s' Hosprtal, LiOn.

Joint Presidents	Joint Presidents
The Most Revd and Rt Hon Justin We)by, Archbishop		of Canterbury				(6/6)
The Most Revd and Rt Hon Dr John Sentamu,	Archbishop		ofYork (to July 2020)			(1/2)
The Most Revd and Rt Hon Stephen Cottrell, Archbishop			ofYork	(from July 2020)		(4/4)
Prolocutors ofthe Lower Houses ofthe		Convocabons			ofCanterbury	and York (exofficio)
The Revd Canon Simon Butler (Canterbury)						(6/6)
The Revd Canon Chns Newlands (York) (to February		2021)				(6/6)
Officers ofthe House of Laity (ex officio)
Canon Dr James Harrison (Chair, House of Laity)						(6/6)
Canon Elizabeth Paver (Vice-Chair, House of Laity)						(6/6)
Elected bythe House ofBishops
The Rt Revd Paul Butler (from December 2020)						(1/1)
The Rt Revd Martin Seeley						(6/6)
Elected bythe House ofClergy
Revd Canon Tim Goode (from February 2021)
The Revd Dr lan Paul						(5/6)
The Revd Prebendary Sarah Schofield						(6/6)
Elected by the House of Laity
James Cary						(6/6)
Adrian Greenwood (to January 2021)						(6/6)
Rachel Jepson (from January 2021)
Appointed bythe Archbishops with	the	approval		ofthe General Synod
Maureen Cole						(5/6)
Revd Charlotte Cook						(6/6)
Mr Joseph Diwakar						(6/6)
Matthew Frost						(5/6)
Canon John Spence						(6/6)
Mark Sheard						(6/6)
AChurch Estates Commissioner
Loretta Minghella, First Church Estates Commissioner						(5/6)

						Additional Ordinands Funding and Strategic Ministry Funding provided financial	Additional Ordinands Funding and Strategic Ministry Funding provided financial
						support to dioceses for the cost of training new clergy, and their first curacies.
						In response to the COVID-19 pandemic, aTemporary Online Discernment
						Process was put in place. A revised discernment process will be implemented
						in 2021.
						Continued work in relation to discipleship and lay leadership, including the
						publication offcngdom Calling, which looks at the vital role ofthe laity in formal
						Ministry roles.
						In February 2020, General Synod voted to adopt the Covenant for Clergy Care
						and Wellbeing which aims to co-ordinate and improve the approach to the care
						and well-being ofclergy across the Church of England.
						Prioritised the Growing Faith programme and development ofwork through	the
						Youth Evangelism Task Group to achieve growth among Children and Young
						People.
						In response to pandemic restrictions, initiatives included establishing a weekly
						national digital service, increased training for panshes producing digital content
						and encouraging on-line donations, and the Faith at Home programme.
						Strategic Development Funding continues to provide support for diocesan
						growth initiatives. Monitonng and review procedures are in place to evaluate	the
						impact of proiects, particularly in light ofCOVID-19.
						Strategic Transformation Funding was introduced during 2020 to resource
						major diocesan change programmes, with demand likely to increase as a result
						ofthe pandemic.
						Advice and consulting services for dioceses to enable effective use of new
						funding.
						Working with dioceses to encourage progression with Renewal and Reform.
~	~	~	~	~	~	Anti-Racism Taskforce established in 2020 to ensure greater racial equality
						within the Church of England.
						Living in Love and Faith resources published during 2020. The Bishop of
						London is leading the 'Next Steps Group', tasked with encouraging and
						supporting churches to engage with the materials in 2021.

Ongoing work to implement the IICSA recommendations, including the
development of an independent governance framework for the National
Safeguarding Team.
Launch ofSafe Spaces in September 2020, afree and independent support
service for the victims of Church related abuse in the Church of England,
Church in Wales and the Catholic Church of England and Wales.
Development of policies, training, quality assurance and culture change to
improve national, dioceses and local safeguarding capability.
Reviewing dioceses and other Church institutions' practices and rolling out of
good practice and training.
Significant progress to implement a new People System which will underpin	the
delivery ofa National Register ofClergy.
Renewal and Reform Programme Board in place to oversee work, progression
and capacity/capability management to help deliver new initiatives.
Implementation of National Giving Strategy 2020-25, with further resources
being developed to support clergy and laity with digital giving.
Emerging Church of England work commenced dunng 2020 and was
intensified by the onset ofthe pandemic. The work will determine strategic
priorities for the next ten years, deliver simpler governance structures and
transform our national operating model.
Budget setting and monitoring, to control expenditure and target resources.
Focussed engagement with dioceses and other Church bodies to understand
their financial health and evaluate the impact ofCOt/ID-19ln response to
the financial challenges of David-19 the Council worked with the Church
Commissioners to establish a sustainability funding grant stream to help fund
dioceses' pandemic related lost income.
Production of learning and teaching resources on marriage and relationships,
and a parallel pastoral advisory group.
Ensuring a good cross-section of church opinion on ad-hoc reference groups.

Archbishops, Council Annual RepcKI 2020 57

			Unrestricted	Restricted	Endowment	Total	Total
			Funds	Funds	Funds	2020	2019 **
		Notes				K'000	6'000
Income from:
Grants, donations	and legacies	2	12,412	131,303		143,715	95,043
Charitable activities			2,484	159		2,643	3,017
Investment income				12	100	116	165
Total income			14,900	131,474	100	146,474	98,225
Expenditure on:
Charitable activities		5	(15,359)	(132,604)	(309)	(148,272)	(101,186)
Total expenditure			(15,359)	(132,604)	(309)	(148,272)	(101,186)
Total income less
expenditure before gains on			(459)	(1,130)	(209)	(1,798)	(2,961)
investments
Gains on investments		10	141		3,004	3,145	5,070
Net incomel (expenditure)			(318)	(1,130)	2,795	1,347	2,109
Transfers between	funds	13	1,452		(1,452)
Net movement in	funds		1,134	(1,130)	1,343	1,347	2,109
Total funds at 1 January		13	5,718	8,323	34,342	48,383	46,274
Total funds at 31	December	13	6,852	7,193	35,685	49,730	48,383

			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds	2019
		Notes	f'000	F'000	F.'000	6'000
Income from:
Grants, donations	and legacies		13,972	80,989	82	95,043
Charitable activities			2,947	70		3,017
Investment income				40	106	165
Total income			16,938	81,099	188	98,225
Expenditure on:
Charitable activities		5	(19,152)	(81,878)	(156)	(101,186)
Total expenditure			(19,152)	(81,878)	(156)	(101,186)
Total income less expenditure before gains on investments			(2,214)	(779)	32	(2,961)
Gains on investments		10	199		4,871	5,070
Net income/(expenditure)			(2,015)	(779)	4,903	2,109
Transfers between	funds	13	1,936	743	(2,679)
Net movement in	funds		(79)	(36)	2,224	2,109
Total funds at 1 January		13	5,797	8,359	32,118	46,274
Total funds at 31	December	13	5,718	8,323	34,342	48,383

As at 31 Decem	ber 2020
				Notes	2020	2019
					F'000	6'000
Fixed assets
Investments				10	38,896	39,863
Total fixed assets					38,896	39,863
Current assets
Debtors: amounts due	within one year				38,644	28,540
Cash equivalents					10,692	3,192
Cash at bank and in hand					8,676	6,006
Total current assets					58,012	37,738
Non-current assets
Debtors: amounts due	after one year				94,595	84,075
Current liabilities
Creditors: amounts falling due within one year				12	(45,478)	(27,028)
Net current assets					12,534	10,710
Total assets less current liabilities					146,025	134,648
Non-current liabilities
Creditors: amounts falling due after one		year		12	(94,536)	(83,861)
Net assets excluding	pension deficit	recovery	liability		51,489	50,787
Defined benefit pension	scheme liability			14	(1,759)	(2,404)
Total net assets					49,730	48,383
Funds ofthe charity
Unrestricted funds:
General fund				13	2,334	2,195
Designated funds				13	6,277	5,927
Pension deficit reserve				13	(1,759)	(2,404)
Total unrestricted funds					6,852	5,718
Restricted funds				13	7,193	8,323
Endowment funds				13	35,685	34,342
Total funds ofthe charity					49,730	48,383
The financial statements	were approved	by The Archbishops'		Council on 22 March 2021 and		signed on its behalf
by:

					2020	2019
					6'000	6'000
Cash flow from operating activities:
Net income for the year (as	per the statement			offinancial activities)	1,347	2,109
(Gains) on investments					(3,145)	(5,070)
Investment income					(116)	(165)
(Increase) in debtors					(20,625)	(4,618)
Increase in creditors					29,126	4,338
(Decrease) in pension liability					(645)	(367)
Net cash flow generated byi	(used in)		operating activities		5,942	(3,773)
Cash flows from investing activities
Investment income					116	165
Purchase offixed asset investments						(11,386)
Sale offixed asset investments					4,112	12,342
Net cash flow provided by investing		activities			4,228	1,121
Change in cash and cash equivalents			in the year		10,170	(2,652)
Cash and cash equivalents at	the start	ofthe year			9,198	11,850
Cash and cash equivalents	at the end		ofthe year		19,368	9,198
Analysis ofcash and cash equivalents			and net debt
Cash equivalents					10,692	3,192
Cash at bank and in hand					8,676	6,006
Total cash and cash equivalents and			net debt		19,368	9,198

	Unrestricted	Restricted	Endowment	Total	Unrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds	2020	Funds	Funds	Funds	2019
	6'000	6'000	6'000	6'000	6'000	6'000	6'000	6'000
Accommodation—
income from sub-	1,602			1,602	1,621			1,621
tenants
Church House Publishing	338			338	366
Conferences and	34				420
courses
Other mccme	510	159		669	540			608
Total Income from charitable activities	2,484	159		2,643	2,947	70		3,017

	Unrestncted	Restricted	Endowment	Total	Unrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds	2020	Funds	Funds	Funds	2019
	6'000	6'000	5'000	6'000	6'000	6'000	6'000	6'000
Daddenda			100	100			99	99
interest on cash and depositfunds		12		16	19	40	7	66
Total income from Investments		12	100	116			106	165

		Grants	Direct	Support	Total	Grants	Direct	Support	Total
		awarded	costs	costs	2020	awarded	costs	costs	2019
		Note 6	Note 7	Note 8
Charitable obiectlve		6'000	6'000	5'000	5'000	5'000	6'000	6'000	5'000
Evangelism		25,132	1,937	926	27,995	21,617	1,463	940	24,020
Discipleship			800	583	1,383		580	613	1,193
Ministry		62,868	2,441	1,136	66,445	59,005	1,903	1,136	62,044
Common good			1,660	755	2,415		1,259	918	2,177
Education		90	568	241	899	19	536	289	844
Resources for the Church		39,721	1,033	1,216	41,970	1,238	981	1,690	3,909
Safeguarding		393	2,616	1,203	4,212		2,698	1,204	3,902
Governance Church	for the		1,298	1,054	2,352		1,335	1,189	2,524
A Church for	all people		387	214	601		318	255	573
Total charitable expenditure		128,204	12,740	7,328	148,272	81,879	11,073	8,234	101,186

aries based on the ) Evangelism	tim	e until the	creditor is due to be settled.
					2020	2019
					8'000	6'000
Strategic development		funding to	8dioceses (2019:17)		22,562	21,278
Other Evangelism grants awarded:
SDF Non-Diocesan		grants				975
Grants awarded	from the Mission Agencies Pension Contributions			Fund	661	706
Grants awarded	to	Church Urban Fund			203	203
Other institutions					106	152
Total grants awarded	for	Evangelism	before discounting		23,532	23,314
Discounting adjustment					1,600	(1,697)
Total grants awarded	for Evangelism				25,132	21,617

) Ministry
								2020	2019
								E000	8'000
Lowest Income Communities			(LlnC)	funding	(to 27dioceses (2019:26))			26,442	25,560
Transitional	funding (2017-2026)(to			20 dioceses (2019:20))				8,261	9,750
Restructuring	funding (to 0		dioceses	(2019	5))				1,323
Grants for ministry training institutions))			(to 21 individuals		and 75 institutions	(2019:115mdividuals	and 71	17,190	17,101
Grants for clergy retirement			housing	(to the	Church of England	Pensions Board)		5,299	5,046
Strategic Ministry Funding		(to 21 dioceses)						5,446
Other grants								234	235
Total grants	awarded for Ministry before discountmg							62,872	59,015
Discounting	adjustment							(4)	V 0)

) Resources for the Church
									2020	2019
Grants awanfed from the Grants	and Provisions		Fund:						6'000	6'000
Anglican Communion Office									626	588
Churches Together in England									150	150
Other institutions									216	224
Total grants awarded from the Grants		and Provisions		Fund					$$2	$62
Grants awarded for deve/opment	ofChurch buildings			for worship		and	service:
Grants funded by the Pilgrim Trust	(to 109institutions		(2019.89institutions))						169	212
Grants funded by the Cathedral and Major Churches (2019:0 cathedrals/ institutions))			Grant Scheme (to			68 cathedrals/		institutions	9,933
Other cathedral grants									29	45
Total grants awarded for development		ofChurch	buffdlngs		for worship		and service		10,131	257
Other grants awarded:
Parish Giving Scheme									579
Strategic Transformation Funding	(to 15	dioceses and one non			diocese)				11,407
National Givmg Strategy (to 11dioceses)									1,524
Sustainability Funding (to 24 dioceses)									14,922
Other grants									166

)Safeguarding
	2020	2019
	6'000	6'000
Past Cases Review 2 (7grants to 7dioceses)	126
Survivor Support Scheme (10grants to 10people (2019:0people))	267

7.Direct c	osts
Charitable	objective	Administration and central office costs		Department running costs		2020 Total	Administration and central office costs	Department running costs			2019 Total
			6'000		6'000	6'000	6'000			8'000	6'000
Evangelism			162		1,775	1,937	292			1,171	1,463
Discipleship			67		733	800	116			464	580
Ministry			204		2,237	2,441	380			1,523	1,903
Common good			139		1,521	1,660	251			1,008	1,259
Education			47		521	568	107			429	536
Resources Church	for the		66		947	1,033	196			785	961
Safeguarding			216		2,400	2,616	436			2,262	2,698
Governance Church	for the		106		1,190	1,298	266			1,069	1,335
A Church for afi people			32		355	387	64			254	318
Direct costs are costs incurred			by the Council		to directly	fund its charitable activities.		Central		costs	are
apportioned	according to an activity-based			time split. Administration			and Central Office costs include costs
associated	with holding	conferences and		courses, costs associated			with Church House Publishing,				and other
costs such	as non-staff	expenses. Department			running	costs include staff remuneration			costs (per		note 9),
departmental	legal and	professional fees,		plus	other departmental		expenses. Total legal and professional fees
incurred by	Archbishops'	Council departments			dunng 2020 were f1,786,000(2019:f1,622,000).

ncurred by Archbishops' Cou .Support costs	ncil departments dunng	202	0 were f	1,786,000(2019:f	1,622,000).
			Note	2020 Total	2019Total
				6'000	6'000
Supportcosts
Accommodation				2,852	2,896
Shared service costs				4,217	4,914
Other				72	43
Total support costs				7,141	7,853
Governance costs
Audit fees				39	37
Internal audit and risk management				92	57
Membership and committees
Total governance costs				133	100
Total support and governance pension deficit provision)	costs (before movement	on		7,274	7,953
Movement on pension deficit	provision
Interest on provision			14	22	45
Re-measurement of provision			14	32	236

The cost	ofstaff f	or which	th	e Coun	cil is the ma	naging emplo	yer and for ChE	CS (in total) was:
						Archbishops'	Council		CbECS
						2020	2019	2020			2019
					Number		Number	Number		Number
Average	Number	Employed				141	124	178			165
						E'000	E'000	E'000			E000
Salaries						6,345	5,318	8,189			7,463
National	Insurance	Costs				714		911			820
Pension	Contributions					904	726	1,115			1,004
Total cost ofstaff						7,963	6,638	10,215			9,287
Included	in the Council's		own staff		costs is E57,900(2019:E52,000) paid by way of redundancy				costs to 5		(2019:
4) indwiduals, the		costs ofwhich are accounted				for in full in the year in which		the restructure is	announced.		(Note
—the ChECS pension contributions					figures do not include the ChECS pension deficit contributions,					the Councils'
share of	which is	accounted		for on	the Councils'	balance sheet).


he number ofstaff whose emoluments	for the year fell in	the following	bands were:
	Archbishops'	Council			CliECS
	2020	2019		2020		2019
	Number	Number		Number		Number
E60,001 to E70,000				14		13
E70,001 to E80,000
E80,001 to E90,000
E90,001 to 6100,000
6100,001 to6120,000
E120,001 to E'130,000
6130,001 to E140,000
E150,001 to E160,000
E170,001 to E'180,000
6180,001 to 6190,000

		Investment	Programme	2020	Investment	Programme	201$
		funds	Related		funds	Related
			investments			investments
		6'000	6'000	000	6'000	6'000	6'000
At 1 January		36,638	3,225	39,863	32,524	3,225	35,749
Additions					11,386		11,386
Disposais		(4,112)		(4,112)	(12,342)		(12,342)
Unraalised	gains
/(losses) on		3,145		3,145	5,070		5,070
revaluation

nd COLA Management Limited. Investments nvestments were held as follows:	held with Ruffer were transferred to COLA in Summe	r 2019.
	2020	2019
	6'000	6'000
Sarasin	24,533	25,153
COLA	11,130	11,478
Other	7	7

The investment	The investment	funds consisted of the following
			2020	2010
			000	6'000
Equities			26,463	26,152
Property			1,021	2,597
Index linked	/ Fixed interest securities		3,313	3,692
Infrastructure	/	Alternative	3,261	2,504
Cash and cash		equivalents	1,612	1,693

1.Debtors
				2020	2019
Amounts due within one year				8'000	8'000
Trade debtors				428	939
Prepayments				93	750
Amounts dus from NCls				3,133	920
Amounts due from colleges and schools				110
VAT and social security				63
Other debtors				115	177
Grants receivable —SDF diocesan and	restructuring		grants	25,807	23,228
Grants receivable —SDF non-diocesan	grants			840	1,508
Grants receivable —Strategic Ministry	Funding			1,761
Grants receivable —Strategic Transformation		Funding		3,445
Grants receivable —National Giving Strategy				580
Grants receivable —Cathedrals and Major Churches			Grant Scheme	2,000
Grants receivable —other grants				269	570
Total debtom due within one year				38,644	28,540
Amounts due after more than one year
Grants receivable —SDF diocesan and	restructuring		grants	82,792	85,185
Grants receivable —SDF non-diocesan	grants			346	600
Grants receivable —Strategic Ministry	Funding			2,956
Grants receivable —Strategic Transformation		Funding		7,725
Grants receivable —National Giving Strategy				888
Total before discounting adjustment				94,707	85,785
Discounting adjustment				(112)	(1,710)
Total debtors due after one year

orthe year en 2.Creditors	ded 31 December	2020
					2020	2019
Amounts due within one year					6'000	6'000
Trade creditors					624	642
Grants payable	—SDF diocesan and	restructunng		grants	25,807	23,228
Grants payable	—SDF non-diocesan	grants			480	606
Grants payable	—other grants				979	524
Grants payable	—Strategic Ministiy	Funding			1,761
Grants payable	—Strategic Transformation		Funding		3,445
Grants payable	—National Givmg Strategy				580
Grants payable	—Cathedrals and Major Churches			Grant Scheme	8,931
Accruals and deferred mcome					2,001	1,977
Amounts due to NCls					783
Other creditors					87	51
Amounts due aRer more than one		year
Grants payable	—SDF diocesan and	restructunng		grants	82,792	85,185
Grants payable	- SDF non-diocesan	grants			287	383
Grants payable	—Strategic Ministry	Funding			2,956
Grants payable	—Strategic Transformation		Funding		7,725
Grants payable	—National Giving Strategy				888
Total before discounting adjustment					94,648	85,568
Discounting adjustment					(112)	(1,707)
Total creditors	due after more than one year				94,536	83,861

Grant stream		2022	2023	2024	2025	2g26	2027 and beyond	Total
		F000	6'000	F'000	6'000	6'000	6'000	6'000
SDF, Capacity and Restructuring		37,422	20,725	14,658	7,506	2,215	266	82,792
SDF Non-Diocesan		275	12					287
Strategic Ministry Funding		1,676	1,280					2,956
Strategic Transformation	Funding	2,316	2,306	1,861	1,242			7,725
National Giving Strategy		305	296	287				888
Total before discounting	adjustment	41,994	24,619	16,806	8,748	2,215	266	94,648
Discounting adjustment

13.Statement offunds	13.Statement offunds
The table below shows details		of2020 movements						on funds	material to the	Council in terms	offund value	or in-
year movement or those funded			by diocesan apportionment						(*).
Fund								Fund	Income	Expenditure	Transfers	Gains	Fund
								balance				encl	balances
								brought				losses	carried
								forward					forward
								6'000	6'000	6'000	6'000	6'000	6'000
Unrestricted funds
General Fund								2,195	14,580	(15,924)	1,342	141	2,334
Designated funds
Church Schools Fund								541					541
Church House planned mamtenance								376	93	73	80		622
Programme related investments:				properties				3,225					3,225
CHARM (*)								411					411
Other designated funds								1,374	227	(153)	30		1,478
Total designated funds								5,927	320	(80)	110		6,277
Total unrestricted funds before	pension				reserve			8,122	14,900	(16,004)	1,452	141	8,611
Pension deficit reserve								(2,404)		645			(1,759)
Total unrestricted funds								5,718	14,900	(15,359)	1,452	141	6,852
Restricted funds
Training for ministry fund ( )								2,572	14,676	(14,676)			2,572
Grants &provisions fund (*)								323	1,241	(1,196)	(20)		348
Mission agencies pension contributions						(*)		389	557	(661)			285
CHARM (*)								400	5,300	(5,299)			401
Dioceses Fund								1,016	2				1,018
Legal costs								1,096	2	(193)	20		925
Strategic Development Funding			(Diocesan)						22,562	(22,562)
Strategic Development Funding			(Non-Diocesan)					1,119		(700)			419
Lowest Income Communities		Funding				(LlnC)			26,442	(26,442)
Transition Funding									8,261	(8,261)
Cathedral and Major Churches			Grant		Scheme				10,083	(9,933)			150
Additional Ordinands Funding									2,481	(2,481)
Strategic Ministry Funding									5,545	(5,545)
Sustainability Funding									14,922	(14,922)
National Giving Strategy									1,699	(1,699)
Strategic Transformation Funding									11,442	(11,442)
Safeguarding funding									1,752	(1,752)
Digital funding									1,445	(1,445)
Other restricted funds								1,408	3,062	(3,395)			1,075
Total restricted funds								8,323	131,474	(132,604)			7,193
Endowment funds
Expendable endowment funds
The Archbishops' Council Trust Fund	Ministerial					Training		916	53	(41)	(106)	82	904
Church Colleges of Education			Fund					3,904	23	(75)		381	4,233
Church and Community Fund								20,870	(1)	(102)	(1,285)	1,917	21,399
Church of England Special		Purposes				Fund		1,822				182	2,004
Women's Continuing Ministerial				Education			Trust	1,636		(58)	(1)	160	1,737
MPA Sundry Funds								489			(55)	20	454
Other expendable endowment			funds					1,211	2	(8)	(5)	50	1,250
Total expendable endowment			funds					30,848	77	(284)	(1,452)	2,792	31,981
Permanent endowment funds
The Archbishops' Council Trust Fund	Ministerial					Training		1,711				113	1,824
Church Colleges of Education			Fund					746		(2)		49	793
Other permanent endowment			funds					1,037	23	(23)		50	1,087
Total permanent endowment	funds							3,494	23	(25)		212	3,704
Total endowment funds									100	(309)	(1,452)	3,004	35,685

3.Stateme	nt offunds (conti	nued)
Fund		Fixed	Cash &	Debtors	Creditors	Provision	NET
		Assets	Short			for	ASSETS
			Term			Pension
			Deposits			Liability
		6'000	6'000	6'000	6'000	6'000	6'000
Unrestricted	funds	4,794	2,864	2,457	(1,504)	(1,759)	6,852
Restricted	Funds		14,909	130,754	(138,470)		7,193
Endowment	Funds	34,102	1,595	29	(41)		35,685

terms ofvalue (more th	an	f5	00	,00		0)ort	hose fu	nded by dioc	esan apport	ionment (*).
Fund								Fund	Income	Expenditure	Transfers	Gains	Fund
								balance				and	balances
								brought				losses	carried
								forward					forward
								f 000	6'000	6'000	6'000	6'000	6'000
Unrestricted funds
General Fund								2,617	16,591	(19,309)	2,097	199	2,195
Designated funds
Church Schools Fund								541					541
Church House planned	maintenance							537		(161)			376
Programme related investments:				properties				3,225					3,225
CHARM (*)								411					411
Other designated funds								1,237	347	(49)	(161)		1,374
Total designated funds								5,951	347	(210)	(161)		5,927
Total unrestricted funds before		pension			reserve			8,568	16,938	(19,519)	1,936		8,122
Pension defimt reserve								(2,771)		367			(2,404)
Total unrestricted funds								5,797	16,938	(1$,152)	1,$36	19$	5,718
Restricted funds
Training for ministry fund	(*)							2,572	15,340	(17,177)	1,637		2,572
Grants 8 provisions fund	(*)							273	1,256	(1,186)	(20)		323
Mission agencies pension	contributions					(*)		271	824	(706)			389
CHARM (*)								397	5,049	(5,046)			400
Dioceses Fund								1,010	19	(13)			1,016
Legal costs								1,232	8	(164)	20		1,096
Strategic Development Funding			(Diocesan)						21,276	(21,278)
Strategic Development Funding			(Non-Diocesan)					1,475	1,167	(1,072)	(451)		1,119
Lowest Income Communities		Funding				(LlnC)			25,560	(25,560)
Transition Funding									9,750	(9,750)
Restructunng Funding									1,323	(1,323)
Other restricted funds								1,129	(475)	1,397	(643)		1,408
Total restricted funds								8,359	81,099	(81,878)	743		8,323
Endowment funds
Expendable endowment	funds
The Archbishops' Council Trust Fund		Ministerial				Training		1,017	46	(57)	(306)	216	916
Church Colleges of Education			Fund					3,314	5	(3)	53	535	3,904
Church and Community	Fund							19,911	(4)		(2,204)	3,167	20,870
Church of England Special		Purposes				Fund		1,689				133	1,822
Women's Continuing Ministerial				Education			Trust	1,573		(56)	O)	120	1,636
MPA Sundry Funds								554	2		(125)	58	489
Other expendable endowment			funds					1,137	88	(33)	(37)	56	1,211
Total expendable endowment			funds					29,195	137	(149)	(2,620)	4,285	30,848
Permanent endowment funds
The Archbishops' Council Trust Fund		Ministerial				Training		1,520			(6)	192	1,711
Church Colleges of Education			Fund					664	21	(2)	(53)	116	746
Other permanent endowment			funds					739	25	(5)		278	1,037
Total permanent endowment		funds						2,923	51	(7)	(59)	586	3,494
Total endowment funds								32,118	188	(156)	(2,679)	4,871	34,342

schemes are administered by the Church of Engl statements.	and Pens	ions Boa	rd which publishes the schem	es' financial
The table below shows the value ofthe Council's	pension	provision	for each scheme:
			2020	2019
			5'000	K'000
CAPF			1,738	2,374
CEFPS			21	30

In addition,	the closed	Central Board	of Finance	Lump Sum Scheme provides	benefits for former staff ofthe CBF.	benefits for former staff ofthe CBF.
The average	number	ofthe Council's	staff within	each scheme was:
			CAPF:	CAPF: defined	CEFPS	Total
		defined	benefit	contribution scheme
			scheme
2020			12	115	12	139
2019			14	110		133

he tab	le below shows the	movement on the	provision in respect	ofthe Council:
		Provision	Contributions	Interest	Adjustment to	Provision
		brought forward	ps Id	charged on pi'evlslon	net present value of	carried forward
					pi'ovlslon
		5'000	E'000	E'000	f'000	f'000
Council	staff	1,473	(434)	14	82	1,135
Share	of ChECS staff	901	(252)

he tabl	e below shows	the movement on the	provision:
		Provision	Contributions	Interest	Adjustment to	Provision
		brought	Paid	charged on	nat present	carl'iad
		forward		pl'ovislon	value of	forward
					provision
		E'000	E'000	E'000	E'000	E'000
Council	staff	30	13

nd to	provide for these in futur	e.
		Fund	brought	forward	Lump	sums	paid	Fund	carried	forward
				E'000			E'000			F'000
Former	CBFstaff			29						28

Notes 82

Church House Great Smith Street London SW1P 3AZ www.churchofengland.org PrtyJuc•J by the Church of Englwd Communicatlons Olfice