# 'Ii IL. ## |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 a￿aS of South Marbchester Ilrom St Weburghs. Chorlton. in partnership with St Philips Salford and the New Wine Network). Central Manchester (from The A$cens￿n. Hulme, in partnership wrth HeartEdge and St-Martin-in-the-Fielttsl and in Ploch(lale fin partnership with the Church Reviialisalion TrLJ$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 (G￿Y[￿ar$I and Slough 1st Paulbl will deliver a programme of Church planting and rewlalisation. The prograrnme will also devdop I￿Sh expr￿1￿$ 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 pOpulat￿n 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 w￿1 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. ## ## ## ## ## ## 1A1 ## ## ## ## ## ## ## ## ## ## ## ## ## ## , ￿t[￿LD￿8￿ ,ljl I, confiM)al￿n of @8ction in Juty 2020 bistw DI CanleTbury. Justin W81by recording his 2021 Newyear Message fro the chap4 8t St I hom3s' Hosprtal, Li￿On. ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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|underlying|assets:||| |---|---|---|---|---|---|---| ||||||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