2022-12-31-accounts

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The Anglican Consultative Council

(A Charitable Company limited by guarantee)

Report and Financial Statements

for the year to

31 December 2022

Registered Charity No. 1137273 Company No. 7311767

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The Anglican Consultative Council Report and Financial Statements for the year to 31 December 2022

Reference and Administrative details of the Charity, its Trustees and Advisors	2
Officers of the Anglican Consultative Council	3
Annual Report of the Trustees	4
Independent Auditor’s Report to the Trustees	20
Consolidated Statement of Financial Activities	24
Consolidated Balance Sheet	26
Charity Balance Sheet	27
Statement of Cash Flows	28
Notes to the Financial Statements	29

The Anglican Consultative Council

Reference and Administrative Details of the Charity, its Trustees and Advisors

Constitution

The Anglican Consultative Council (ACC) is a charity registered in England and Wales, registration number 1137273 and a company limited by guarantee, registration number 7311767. It was established by constitution subscribed to by the member churches of the Anglican Communion on 12 July 2010. The activities of the new charitable company started on 1 January 2011 upon transfer of the net assets and liabilities from the old unincorporated charity, registration number 27659.

Trustees

The Trustees, who are the members of the Standing Committee of the ACC, are incorporated under the Charitable Trustees Incorporation Act 1872. Those acting as Trustees during the year to 31 December 2022 and at the date of signing this report were the following:

The Revd Inamar Correa De Souza The Most Revd Prem Chand Singh Alistair Dinnie Aishi Sama Drong The Revd Tsz Leung IP Lay Canon Andrew Khoo Chin Hock The Most Revd Paul Kwong Joyce Haji Liundi Bassetsana Makena The Most Revd Azad Marshall The Most Revd Francis John McDowell Jeroham Melendez The Rt Revd William Bahemuka Mugenyi The Rt Revd Joel Waweru Mwangi The Very Revd Hosam Naoum The Most Revd Linda Nicholls The Most Revd Philip Richardson The Most Revd Dr Jackson Nasoore Ole Sapit The Revd Wendy Scott Canon Margaret Swinson The Most Revd Julio Murray Thompson The Most Revd and Rt Hon Justin Welby

(resigned 14 September 2022) (end of term 18[th] February 2023) (appointed 18[th] February 2023) (appointed 18[th] February 2023) (appointed 18[th] February 2023) (end of term 18[th] February 2023)

(end of term 18[th] February 2023) (appointed 1[st] December 2022)

(end of term 18[th] February 2023) (appointed 18[th] February 2023) (end of term 18[th] February 2023)

(appointed 7 August 2022)

(appointed 18[th] February 2023) (resigned 7 August 2022)

Officers of the Anglican Consultative Council

President

The Most Revd and Rt Hon Justin Welby, Archbishop of Canterbury

Chair of the Standing Committee

The Most Revd Dr Paul Kwong (until 18[th] February 2023) Canon Margaret Swinson (from 18[th] February 2023)

Vice Chair of the Standing Committee

Canon Margaret Swinson (until 18[th] February 2023) The Very Revd Hosam Naoum (from 18[th] February 2023)

Chair of Inter-Anglican Finance and Administration Committee Canon Margaret Swinson (until 14[th] March 2023) Michael Hart (from 14[th] March 2023)

Secretary General

The Most Revd Dr Josiah Idowu-Fearon (until 31[st] August 2022) The Rt Revd Anthony Poggo (from 1[st] September 2022)

Registered Office

St Andrew’s House 16 Tavistock Crescent London W11 1AP

Auditors

Moore Kingston Smith LLP 9 Appold Street London EC2A 2AP

Solicitors

Winckworth Sherwood 16 Beaumont Street Oxford OX1 2LX

Bankers

The Royal Bank of Scotland Plc 49 Charing Cross London SW1A 2DX

Investment Managers

CCLA Investment Management Ltd 85 Queen Victoria Street London EC4V 4ET

Annual Report of the Trustees

The Trustees are pleased to present their Report and Financial Statements for the year to 31 December 2022.

The Anglican Communion is a family of churches that are found in more than 165 countries around the world. As the word “Anglican” suggests (from the Latin anglicana meaning “English”), the roots of this communion of churches were profoundly shaped by the history of the Church of England from the earliest centuries of Christianity, through the English Reformation of the sixteenth century, and beyond.

This particular experience of the life and faith of the Church was variously received first in other parts of the British Isles, represented today by the Church of Ireland, the Church in Wales, and the Scottish Episcopal Church. Through colonisation and the missionary movements, Anglicanism spread around the world. As the new churches developed and matured, gained local leadership, and became dioceses and national or regional churches in their own right, they remained joined to one another, and to the Church of England, through common faith, a common three-fold order of ministry (bishops, priests, and deacons), and common liturgical, spiritual, theological and pastoral traditions. Practically, this meant mutual recognition of one another as belonging to the same family; Anglicans knew they were at home in one another’s churches.

Structure, Governance and Management

The churches of the Anglican Communion are held together by bonds of affection and common loyalty. Beyond these deep family bonds of resemblance and affection, the Churches of the Anglican Communion have developed distinctive structures or “instruments” to enable, reflect, and deepen their communion with one another expressed through links with the Archbishop of Canterbury as a focus for unity, and the conciliar Instruments of Communion: the Lambeth Conference; the Primates’ Meeting; the Anglican Consultative Council (ACC).

The Archbishop of Canterbury : The Provinces and Churches are all in communion with the See of Canterbury in the Church of England, and thus the Archbishop of Canterbury, in his person and ministry, is the unique focus of Anglican unity. He is host of the Lambeth Conference, convener of the Primates’ Meeting, and is President of the Anglican Consultative Council. The 105th Archbishop of Canterbury in succession to Saint Augustine, the Most Revd and Rt Hon Justin Welby, was enthroned in March 2013.
The Lambeth Conference : Every ten years or so, the Archbishop of Canterbury invites the bishops of the Anglican Communion to join with him in prayer, study, and discernment. Due to the Covid-19 pandemic, the Conference called for 2020 was rescheduled and held in July/August 2022.
The Primates’ Meeting : Since 1979, the Archbishop of Canterbury has invited the primates (i.e. the presiding bishop, archbishop or moderator) of the Anglican provinces to join him in occasional meetings for consultation, prayer and reflection on theological, social and international matters. A meeting of primates was held in person in London in March 2022. A further meeting was held by video conference in December 2022.
The Anglican Consultative Council (ACC) : In 1968, the bishops of the Lambeth Conference proposed the establishment of a body representative of bishops, clergy and laity of the churches, which could co-ordinate aspects of international Anglican ecumenical and mission work. With the consent of the legislative bodies of all the provinces, the Anglican Consultative Council was established and has met regularly since. The seventeenth meeting of the ACC was in April 2019 in Hong Kong, the eighteenth was held in Ghana in February 2023. The next meeting will be in Ireland in 2026.

The governing document of the ACC is the Constitution to which the member churches of the Anglican Communion subscribe. As the only Instrument of Communion with a constitution, the ACC exercises functions on behalf of the other Instruments as well as on its own behalf, mainly the employment of staff at the Anglican Communion Office and the holding of funds.

Both the ACC and the Primates’ Meeting elect a standing committee. In an effort to draw the instruments closer together and strengthen the common life of the Communion, the members of the Primates’ Standing Committee are ex officio members of ACC and the two Standing Committees combine to form the Standing

Committee of the Anglican Communion. This Standing Committee, the membership of which are the Trustees and Directors of the Anglican Consultative Council, meets annually face-to-face and on at least two further occasions each year via conference call.

Procedures have been put in place to ensure that the Trustees are made aware of their responsibilities at their first meeting and receive a further briefing at the start of the annual face-to-face meeting.

The Trustees are aware of the complexity of the relationships with other organisations within the Anglican Communion. Of particular significance is the common interest in pursuit of its charitable objectives that the ACC shares with the Lambeth Conference company because the Lambeth Conference is one of the Instruments of Communion.

The Trustees consider that the Secretary General, supported by the Management Team, comprises the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis.

The Anglican Communion Office (ACO), based in London, is the permanent secretariat for the Instruments of Communion. The secretariat is responsible for organising all meetings of the conciliar Instruments of Communion, as well as organising and supporting the Commissions, Networks and working parties of the Communion. Funding comes from the Inter-Anglican budget to which all member churches are invited to contribute according to their means. Member churches are also invited to contribute to special projects, and emergencies that arise.

Public Benefit

The Trustees believe that the Christian faith is of benefit to individuals and to society since it works towards a holistic vision of a transformed and peace-filled community and the flourishing of humankind and all creation. The stated objective of the ACC is ‘to advance the Christian religion and in particular to promote the unity and purposes of the Churches of the Anglican Communion in mission and evangelism, ecumenical relations, communication, administration and finance’. In pursuing this objective, the ACC serves the Anglican Communion’s life and work within God’s mission. The Communion has set out its understanding of this life and work in its Five Marks of Mission :

to proclaim the Good News of the Kingdom;
to teach, baptise and nurture new believers;
to respond to human need by loving service;
to seek to transform unjust structures of society, to challenge violence of every kind and to pursue peace and reconciliation;
and to safeguard the integrity of creation and sustain and renew the life of the earth.

These Five Marks of Mission serve as a guide and help the churches within the Communion to live out mission in their local contexts and in a variety of ways.

In preparing this report the Trustees have complied with their duty to have due regard to the public benefit guidance published by the Charity Commission.

Risk Management

During the year, the Trustees reviewed the risks to which the charity is exposed and took steps within their powers to mitigate these. Management undertook a thorough review of all risks including the continuing risks of the COVID-19 pandemic and presented an updated and amended risk register which was adopted at the 5 May 2022 Standing Committee Meeting. A further review of the risk register was undertaken and received and adopted by Trustees on 4 May 2023. The Trustees policy is to have a thorough review of risk at least annually and to make changes to the risk register as required.

The most significant risks are related to potential division within the Anglican Communion over issues of polity, and doctrine, action is being taken to address these through the Instruments of Communion. A risk remains around dependency of income from a small number of sources, and this is being addressed through a strategy for income diversification and improving donor relationships.

The risks arising from the COVID-19 pandemic have now been built into the main risk register. Whilst operational effects are no longer a hindrance, there is still pressure on income sources given the financial difficulties being experienced by churches across the communion as a direct result of the COVID-19 pandemic and the economic consequences for local communities.

The Trustees undertook a review of the scope and direction of the activities of the Anglican Communion Office in order to develop a clear set of priorities and organisational structure. The changes were largely implemented in 2021. A new Strategic Plan was created considering the review and was presented to Standing Committee in May 2022. The Secretary General with the Management Team will revise the Strategic plan in 2023 to take into account the outcomes of the Lambeth Conference and ACC18 meetings.

Objectives, Achievements and Activities

The ACC has been constituted to facilitate the co-operative work of the member churches of the Anglican Communion, to consult about developments in the provinces, to develop agreed Anglican policies in the world mission of the Church and to encourage and guide Anglican participation in ecumenical dialogue and inter faith work at an international level.

Anglican Communion Office

The ACO comprises a relatively small but highly committed team of individuals striving to support the Communion and fulfils the work mandated through the ACC. There is a constant tension between the amount of work to be undertaken and the resources available.

In order to best serve the aims of the ACC as set out in its Constitution, and all the Instruments of Communion, the work of the ACO is divided into operational departments:

The Secretary General’s Office
Administration and Logistics
Gender Justice
Anglican Communion Office at the United Nations
Unity, Faith and Order
Theological Education
Communications
• Finance and Resources

The activities of the Anglican Alliance, whose finances are incorporated into the Financial Report of the ACC, are described in this report.

The Anglican Communion has authorised Networks and Commissions which are supported by ACO staff including a Commissions and Networks Support Officer. Their activities are also described in this report.

The Secretary General’s Office

Leadership and management of the ACO

The Secretary General is responsible for the leadership and management of the work of the ACO and for carrying forward the meetings and work of the ACC, the Standing Committee, the Primates’ Meeting, and the Lambeth Conference. A key role of the ACO is to facilitate the Instruments of Communion. Servicing and supporting all of these meetings is a major component of the work of the ACO and it is a privilege for the Secretary General and all ACO staff to meet colleagues from around the Communion through these meetings. Administration, governance, and logistics are delegated under the leadership of the Secretary General to the directorate of Administration and Logistics.

The Secretary General maintains a close working relationship with the Archbishop of Canterbury as one of the instruments of the Anglican Communion and a focus for unity of the Communion. Staff from the ACO work closely with Lambeth Palace staff on issues relating to the Anglican Communion.

The diplomatic and representational role of the Secretary General

An important part of the role of the Secretary General is to visit widely the member churches of the Communion with a mission of encouragement, learning, prayer and fellowship. In 2022, the outgoing Secretary General, Archbishop Josiah Idowu-Fearon, undertook a significant programme of international travel and engagement prior to retirement in August 2022. Bishop Anthony Poggo was appointed as the successor to Archbishop Josiah and commenced service on the 1st of September 2022. Part of Bishop Anthony’s mission and priorities in his role is to continue visiting all of the Member Churches of the Communion. Despite the differences and divisions in the Communion, it is extremely important for the Secretary General to ensure that all voices are heard, particularly smaller provinces. Bishop Anthony will continue to build relationships across the Communion through international travel and engagements, and support all of the 42 Provinces of the Anglican Communion.

Transition of the Secretary General

The incoming Secretary General was grateful for the time he was able to spend with the outgoing Secretary General before assuming office, learning from his knowledge and wisdom, with his many years as Secretary General of the Anglican Communion. During Bishop Anthony’s first few months in post, one of the key priorities was getting to know the staff of the Anglican Communion Office. Their knowledge, professionalism and hard work is a key reason why it continues to achieve all it does. The aim was to better understand their role, the responsibilities they hold, the main challenges they face, the opportunities that exist, their priorities for the coming season, and their long-term vision for what might be achieved. He also spent time gaining a fuller understanding of the key international relationships and processes, from human resource management to the financial workings of the organisation.

Administration and Logistics

The directorate of Administration and Logistics was established in February 2021. It is responsible for administration, governance, and logistics under the overall leadership of the Secretary General as the senior employee of the ACO. The department is structured so that there is a director, a Governance officer and an Events and Travel officer. All three posts have been filled recently.

In 2022 the team organised the Primates’ Meeting in London in March, assisted in the planning for the Lambeth Conference in August, hosted the ACC Standing Committee in London in September and began planning for ACC18 in February 2023 including a planning visit to Accra.

The Instruments of Communion

The Lambeth Conference

The Lambeth Conference Company is an independent charity set up for the purpose of delivering the Lambeth Conference. As a consequence of the COVID-19 pandemic it was necessary to postpone the 2020 Lambeth Conference until July/August 2022. Lambeth Conference planning was assisted by a management group consisting of representatives of the Archbishop of Canterbury’s staff and senior staff of the ACO. Additionally, a small working group chaired by the Right Revd Emma Ineson, reporting to the management group met to plan the pre-conference and actual conference engagement phase. The Lambeth Conference Design Group chaired by the Most Revd Dr Thabo Makgoba, Archbishop of Cape Town and Primate of Southern Africa continued to act in a consultative and advisory capacity as and when required.

The Lambeth Conference was held at the University of Kent, Canterbury from the 26[th of] July to 8[th] August 2022. Exploring the theme ‘God’s Church for God’s World’ and inspired by 1 Peter, the fifteenth Lambeth Conference challenged us to look outward, to the needs of the world, with the hope of the Gospel. 635 bishops and 464 spouses travelled to the UK in July 2022 to take part in this important gathering. Many bishops have shared their joy about the conference and are speaking of a rejuvenated Anglican Communion. The Lambeth Conference was designed to run in three phases as follows: Phase 1: ‘listening together’ (2021/2022) featuring online gatherings and conversations, Phase 2: ‘walking together’ (July-August 2022) for the event in Canterbury

and Phase 3: ‘witnessing together’ (2023-2026) which will take forward outcomes from the conference and build on the Lambeth Calls. Feedback from the Lambeth Calls sessions at the conference are being taken to the Phase 3 group. They will be shared back as a gift to the Anglican Communion, inviting provinces and dioceses to consider them.

Two reports have been produced about the Lambeth Conference. Firstly, the Lambeth Conference Resources Guide – captures key moments from the event and links to relevant materials and films of sessions at the conference. Secondly, the official conference report covers Phase 1 and 2 with reports and addresses from the Bishops’ conversations and the conference itself.

Archbishop Julio Murray chairs a group to work on Phase 3 of the Lambeth Conference, not least on the Calls which relate to key areas of the ACO’s work. Bishop Jo Bailey Wells will shape this work, as part of her role as Bishop for Episcopal Ministry in the Anglican Communion Office. The aim is to enrich the life of the Anglican Communion as we seek to be God’s Church for God’s World.

ACC-18

The 18th meeting of the Anglican Consultative Council (ACC) was held in Accra, Ghana, in February 2023. The meeting was hosted by the Church of the province of West Africa. The theme of the main sessions was ‘The Five Marks of Mission Today and Tomorrow’. There were shared moments of worship, Bible study and the members explored each of the five Marks of Mission in more depth, on top of the business sessions. It was useful hearing from different provinces on how they are implementing the 5 Marks of Mission. The group visited Cape Coast Castle which was an emotional and moving experience. Members of the ACC reflected on their experiences having come from various contexts. The prayers at the site itself were an important aspect for everyone’s personal journey on that day. After visiting the Castle, we had a Service of Reconciliation at Christ Church Cathedral. Many different issues were focused on in the business sessions at ACC-18, one of which was the IASCUFO project on 'good differentiation,' with the hope that all Anglicans are committed to this.

ACC Standing Committee

ACC Standing Committee meetings were held in February, May, August and September 2022. The ACC InterAnglican Finance and Administration Committee (IAFAC) also met by conference call during these months and made a report to the ACC Standing Committee.

At ACC-18 in Ghana in February 2023, a new Chair, Canon Maggie Swinson from the Church of England and a Vice Chair, Archbishop Hosam Naoum from the Episcopal Church in Jerusalem and the Middle East were elected. A new Standing Committee was also elected with representatives from all the regions of the Communion. This group will provide the necessary guidance to the Anglican Communion Office as they effectively serve the four Instruments of the Communion. This includes facilitating the work of the different commissions and networks. The new Standing Committee met in March 2023 for an introductory session.

The Working Party for the strengthening of the Standing Committee, chaired by the Most Revd Philip Richardson, Archbishop of the Anglican Church in Aotearoa, New Zealand and Polynesia, began its work in June 2021. Interim reports were given to the ACC Standing Committee in September 2021 and February 2022 and the Primates’ Meeting in March 2022. A fringe event was put on for the ACC members during ACC-18 in February 2023. The Working Party continues its work.

Primates Meetings

A Primates’ Meeting was held in London in March 2022. This was the first time the primates had been able to gather in person since January 2020 due to the COVID-19 pandemic. The meeting was a hybrid meeting with three-quarters of primates attending in person and a quarter online due to COVID-19 restrictions in their home nations. The meeting was focused in prayer, pilgrimage and Bible study. During business sessions the primates discussed the consultation of the Archbishops’ Council on the Canterbury Crown Nominations Committee (CNC) and agreed a collective response to the consultation. They received an interim report from the Working

Party for the Potential Strengthening of Standing Committee, and an update on the forthcoming Lambeth Conference including an example Bible study and session on Lambeth Conference Calls.

A meeting of the Primates held by video conference in December 2022 was organised and facilitated by the department. The agenda included an update on phase 3 of the Lambeth Conference and an update on the five Anglican Communion representatives to the Crown Nomination Commission for the Archbishop of Canterbury. The Primates were also informed of an in-person Primates’ Meeting set for Spring 2024.

Gender Justice

The ACC has recognised the need for the Anglican Communion to address gender justice, and take its place in serving the wider world, as expressed in its concerns and intentions in a number of ACC resolutions. These include:

13:31 Provide equal representation on each Anglican body of men and women and provide a gender focal point in each province. (2005);
14:33 Supports ending violence against women and allocating financial resources to do so ensuring gender budgeting;
15:7, 10 Ending gender-based violence and trafficking, supporting theological work on gender justice and appropriate materials;
16:2 & 3 Reaffirms commitment to gender equality and justice with provinces offering financial support;
17:2 &3 (2019) Appoint a provincial link, and equipping God’s people for gender justice;
18:4 h & I (2023) Women’s global voice for justice and Restoring unity through gender justice.

And the Fourth Mark of Mission, ‘seek to transform unjust structures of society, to challenge violence of every kind and to pursue peace and reconciliation.’ In addition, Sustainable Development Goal (SDG) 5 directly focuses on achieving gender equality and ending gender-based violence. The Anglican Communion is playing its part in working to achieve this SDG.

The need to realise these aspirations is as urgent and as necessary now as ever. One in three women worldwide have been subjected to physical and/or sexual intimate partner violence or non-partner violence in their lifetime. Violence has serious short-and long-term physical, psychological, sexual and reproductive health consequences for women (WHO March 2021).

Gender inequality focusses on power and addressing the unequal power dynamics that exist in our relationships with each other. Part of the restoration of shalom is restoring our relationships with God, each other, and the environment. Gender justice speaks right into the core of this mission of our discipleship to Christ and is often an area that is ignored because it is uncomfortable to deal with, recognise, respond well and work to restore relationships that might need some restitution too. Gender inequality and injustice also needs addressing at the structural level, culturally, societally, and systematically, as well as institutionally. It needs addressing in many different areas and ways and not only through programmatic work. Gender justice goes to the heart of the gospel.

Over the last year the Director for Gender Justice, Mandy Marshall, has led and participated in initiatives to raise awareness and change attitudes and behaviours on gender across the Anglican Communion. These include the following area.

The Lambeth Conference

The Lambeth Conference provided a key opportunity for connecting with Bishops regarding gender justice issue within their provinces. The DfGJ conducted seminars on Gender Justice, Menstruation and Safe Church, alongside a plenary on safeguarding and safe church and spouses’ sessions on identity, spouse’s role and menstruation. In addition, support was given to the Women on the Frontline initiative. Resources and staffing the stands on IAWN, IAFN, and Safe Church Commission created an excellent opportunity for networking and discussion. This will inform future strategy as there was considerable demand. The seminar on menstruation, conducted in conjunction with Days for Girls, proved popular and provided an opportunity for future engagement for economic empowerment programmes within provinces. The Gender Justice seminar opened up opportunities for others to showcase their work. Films from the Diocese of Melbourne, demonstrating a

structural response to preventing and ending GBV, and Bondo Diocese, working with men to end GBV, were well received. The work of the Mother’s Union, Women on the Frontline and IAWN was also shared.

God’s Justice: Theology and Gender-Based Violence publication

The new resource ‘God’s Justice: Theology and Gender Based Violence’ was published, and translated in time for the Lambeth Conference. Indeed, on the first day of the conference 170 copies of the resource were taken. A further order of the English version was needed before the end of the conference as so many copies of the resource was taken. The resource was translated into French, Spanish and Portuguese. It is free to download here on the ACO website and hard copies are available on request. This was a major achievement as the resource brought together theologians from across the Anglican communion to contribute chapters for the resource.

Trauma Informed Approach

As provinces develop their work on gender justice, safeguarding and preventing and ending gender-based violence, polices and processes need to be updated and adapted for move with the developments. This was the case for the Anglican Church of Canada who reached out and requested training, advice and support on a trauma informed response and approach in working with and alongside survivors of abuse. This came in the light of the missing and murdered women, the residential schools unmarked graves and the James Smith Cree Nation mass killings. It is vital that there is an understanding of trauma and it’s impact on the mind, body and spirit in order that churches globally can respond with a greater understanding with the compassion already shown.

Women on the Frontline

Part of the DfGJ role this year has been assigned to advising and supporting the work of the Women on the Frontline Initiative headed up by Mrs Caroline Welby and Mrs Jane Namurye. Women on the Frontline aims to support Bishop spouses in the work that they do and the position that they are in. There is a great variety across the Communion on the position and some spouses requesting support. Work is being done on a resource toolkit for Bishop spouses, mentoring sessions, and online presence.

16 Days of Activism

The 16 Days of Activism took place from the 25th of November until Human Rights Day on the 10th of December. This year the theme was Exposure: Focussing the lens on ending gender-based violence. Young people from around the Communion were encouraged to send in short film clips of two minutes or less highlighting their own perspective and voices on gender-based violence in their context. Four films were submitted and published and shared on social media throughout the 16 days of activism. Alongside the films prayers were published each day. These were submitted from around the Communion in different languages and shared on social media.

The Anglican Communion Office at the United Nations

The Anglican Communion Office at the United Nations enables the voice of the Anglican Communion to be heard in UN discussions and decision-making processes on global issues and facilitates cooperation between churches and the UN on responses to those issues at local and international levels.

Anglican engagement with the United Nations is an outworking of discipleship, in the context of the Five Marks of Mission. We are called to take good news into all spheres of life, to respond to human need, challenge unjust structures, pursue peace and reconciliation, and safeguard creation. Working across this missional call, a small team connects UN institutions and missions in Geneva, Nairobi and New York with Anglican member churches, networks, and commissions - highlighting the work and witness of church communities in some of the most challenging situations around the world. The team identifies where UN resourcing and expertise could support churches and offers church insights and trusted connections where UN efforts have stalled. The work is

coordinated by a Permanent Representative based in London, who reports to the Secretary General of the Anglican Communion and is the Archbishop of Canterbury’s personal representative to the UN.

There have been some significant changes in the team over the last year. In July, Revd Glen Ruffle joined as part-time Assistant Permanent Representative, focussing on engaging the UN institutions and missions in Geneva, particularly in relation to human rights, health, and migration. Following completion of the French language exams necessary to obtain a Swiss work permit, he plans to relocate to Geneva in August 2023, where he will also serve part-time as curate for Holy Trinity Geneva. Nicholas Pande, Anglican Alliance Adviser on Disaster Resilience & Response and Communion Forest global facilitator based in Kenya, now works with the UN team one day a week, strengthening Communion-wide engagement on climate and biodiversity issues relating to the UN institutions based in Nairobi, Bonn, and Montreal. Jack Palmer-White moved on from his role as Permanent Representative at the end of 2022 and was replaced by Martha Jarvis in March 2023. Later this year, she will recruit to fill the vacancy of Assistant Permanent Representative, which will focus on engaging the UN institutions and missions in New York, particularly around peace and conflict, indigenous rights and global governance.

Responding well to these changes, the team has worked across a wide range of issues important to the Communion and seen encouraging outcomes from engagement with the UN. For example, the team has:

Made a significant contribution to the quality of discussion around global issues addressed during the Lambeth Conference:

Achieved consensus from over 700 gathered bishops in support of the Lambeth Call on the Environment and Sustainable Development
Engaged approximately 200 bishops in seminars on the sustainable development goals and reimagining our world.
Enabled the Anglican Indigenous Network to share their challenges and concerns with the Archbishop of Canterbury in a private meeting aimed at enabling him to advocate on their behalf through his global networks.

Shared the Communion’s unique perspective on issues of justice, particularly highlighting the needs of women, indigenous communities, and young people around the world:

Enabled the Episcopal Church of Brazil to contribute to the UN Human Rights Council’s Universal Periodic Review on Brazil. The team offered technical support in helping the church draft a detailed and robust written submission, which highlighted injustices suffered by women, indigenous communities and LGBTIAQ+ communities.
Contributed a written report and oral statement for the Human Rights Council session assessing the impact of Covid 19 on Young People, drawing attention to Communion concerns around domestic violence, reduced employment opportunities discrimination and isolation. The contribution encouraged Council members to support faith communities in their existing work to support youth and other affected communities.
Joined a consultation group and contributed a written report to the UN Human Rights Council on the impact of climate change on access to adequate food, drawing on examples from Africa, Asia, the Pacific and Middle East where the Communion is active, and showing the knock-on effect of reduced access to food on gender-based violence.
Revised and refined initial thoughts on an NGO statement from the 66[th] UN Commission on the Status of Women regarding empowerment of all women and girls in the context of climate change, environmental and disaster risk reduction policies, and programmes. Wrote an Anglican Communion policy paper showing our engagement on issues relating to the Commission.
Gave the Communion’s support for a new code of conduct to guide the UN’s work with NGOs.
Enabled Communion’s health experts to have their voice recognised through membership in the new World Health Organization Faith Network.

Helped to change the narrative on tackling environmental challenges and contributed to the COP27 agreement on a loss and damage fund:

Advocated for increased recognition of faith in United Nations discussions on environmental challenges, leading efforts to get language on the importance of faith actors into UN documentation on this topic for the first time.
Invited into leadership roles within the UN system, including a Steering Group for Faith-Based Organisations within the UN Environment Programme and continuing membership of the UN Multi-Faith Advisory Council
Working with the Anglican Alliance, facilitated an Anglican presence at COP27 in Egypt, with strong support from the host-country Church. Convened a global working group to plan policy priorities and shape a representative delegation. Drafted a key policy document in four languages. Our consistent presence at COP is leading to increased levels of trust in the Communion as an interlocutor on environmental issues.
Ensured the Anglican Communion Environmental Network, as well as the Anglican Indigenous Network, were able to feed into and influence key global civil society statements on environmental justice. We brought Anglican-led efforts on environmental protection to the attention of the Executive Director of UN Environment.
Tracked technical developments to keep the Communion informed on progress with environmental issues through Biodiversity COP15.

Facilitated connections that enabled UN-Anglican cooperation on mediation in four contexts of acute conflict:

A Senior UN Mediation Adviser has accompanied the Bishop of Nampula in Mozambique as he has designed a strategy for an interfaith community dialogue network, responding to the violent insurgency in Northeast Mozambique
A Senior UN Mediation Adviser co-chaired a workshop for a group of mediators from the Episcopal Church of South Sudan with the General Secretary of CAPA. Representatives of the UN mission in South Sudan (UNMISS) attended the workshop and have since set up more senior connections with the Church to enable sharing of resources to facilitate more effective interventions in local violence. The workshop also resulted in an official commissioning for the Episcopal Mediation Advisory Team, who are now planning how to engage with intercommunal mediation.
Discussions are underway with the UN Mediation Support Unit about how to support mediation in Goma, DRC, where the Anglican Church is a trusted peacebuilder amidst worsening violence and deteriorating trust in the UN mission.
A Senior UN Mediation Adviser has assisted an Anglican bishop in Nigeria to improve coordination between faith leaders as they respond to herder-farmer violence by convening regular meetings.

Unity, Faith and Order

The Unity, Faith and Order department organises and oversees all Anglican ecclesiological engagement at a global level, both between Member Churches and with other Christian Communions denominations, and provides advice on doctrine, polity, and liturgy to the Instruments of Communion. Dr Christopher Wells serves as Director of Unity, Faith and Order; the Revd Neil Vigers serves as Programme Executive.

The work of UFO began to resume its normal pattern as Covid-19 restrictions eased. The Lambeth Conference was the major event of the year, and involved considerable time and energy, in addition to the re-activation of face-to-face meetings and new areas of work. Dr Will Adam left the ACO before the Lambeth Conference (and returned for its duration). Neil Vigers served as Acting Head of Unity, Faith, and Order until November, when Dr Wells started as Director.

The Inter-Anglican Standing Commission on Unity, Faith, and Order (IASCUFO) met in December in Kenya and was strengthened by a number of fresh appointments. Work began on the ‘Good Differentiation’ project and other matters for consideration at ACC-18;

Ecumenical dialogues resumed, with meetings of Roman Catholics (ARCIC), the first meeting with Pentecostals (IPAC), the Orthodox (ICAOTD), Oriental Orthodox (AOOIC) and the first meeting of the refreshed Old Catholic council (AOCICC).
Fr Vigers attended the World Council of Churches Assembly in Karlsruhe, and the Conference of Secretaries of Christian World Communions.
The International Anglican Liturgical Consultation continued its work on liturgy during Covid-19; the liturgical formation of all the baptized; and a sampler for an Anglican Communion Calendar, with the names of holy men and women to be celebrated across the Communion.
Members of the Anglican Communion Legal Advisers’ Network, supported by Dr Adam, launched the second edition of the Principles of Canon Law Common to the Churches of the Anglican Communion at the Lambeth Conference.

Theological Education in the Anglican Communion (TEAC)

TEAC has continued to meet its agreed objectives through 2022, namely (i) to build educational and training networks of mutual learning and encouragement across theological colleges, seminaries and courses across the Anglican Communion; (ii) to commission and produce study materials on under-resourced areas of the curriculum, to be placed on the ACO website with open access for all, in English, French, Spanish and Portuguese; (iii) to encourage theological education at every level, from education for discipleship through to preparing bishops for the Lambeth Conference. Funding for all this continued from St Augustine’s Foundation.

The first of these has been met through online and in-person meetings. TEAC online webinars took place for South Asia, with 80 participants, and for Latin America and the Caribbean, hosted in Guatemala and bringing together 50 participants, on the migration crisis (in collaboration with TEC Global Partnerships). Ten theological educators were present in Guatemala and produced a statement, which was then discussed at one of the Lambeth Conference seminars, in August, and another Lambeth seminar discussed theological education across Africa. TEAC also supported USPG with their summit on the future of theological education in Africa, hosted in Botswana in November. The TEAC resources bulletin was published and distributed three times during the year, in four languages.

The second objective was fulfilled through the online launch of the innovative video resource ‘Being Anglican: Learning from Global Perspectives’, with 40 short videos from contributors from across the Anglican Communion, with an accompanying guidebook. It was launched on UTube in February 2022. Other language versions will appear in due course. Work has continued on another video resource on ecotheology, by an international working group. This will be launched in 2023.

The third objective was met by TEAC staff providing support for the Lambeth Conference in multiple ways, from organising seminars to assisting with production of the Calls, to staffing the ACO stand in the Resources Centre. TEAC staff also provided support for the Anglican Communion Science Commission, including arranging translation of Malcolm Jeeves’ book Why Science and Faith Belong Together into Portuguese and Spanish (French on the way).

Communications and IT

A significant project to rationalise, streamline and simplify the provision of IT facilities at the Anglican Communion Office took place in 2022. This has led to considerable benefits to staff and a more stable and secure working environment. The project is continuing into 2023. Internally, responsibility for IT has transferred from the Communications department to the Finance team.

Work on the meetings of the Instruments of Communion dominated a considerable amount of the output of the communications team in 2022. As a result, work on the revised Anglican Communion websites were postponed and this has become a priority for 2023.

Work on the proposed new Communications Network, bringing together provincial and diocesan communicators, as well as communications staff working in recognised Anglican mission agencies has also been put on hold, pending recruitment of the third member of the Communications Team.

Throughout 2022, we saw increased activity and connection with external media organisations. We will continue this activity in 2023.

Authorised Networks of the Anglican Communion

The Networks are a visible sign of unity in the Communion which reflect all the Five Marks of Mission and include grassroots practitioners, leadership, and participation. The Anglican Communion has 15 authorised networks that ensure that diverse and multilingual contexts underpin the mission of the Communion and enable collaboration and fellowship across and between provinces. Through a variety of means including online meetings, email communications, social media, occasional regional and international gatherings, webinars and the publication of online and printed newsletters, reports and resources, the Networks tell the stories of experience across the Communion, share news, theological and liturgical material, and information about models of mission, ministry, and good practice. The Networks encourage each other and join together in the role of advocacy where there is common concerns, and provide briefings to the Instruments of Communion.

The Anglican Communion Church Planting Network (ACCPN) is a global network of men and women within the Anglican Communion, who are united in their passion to see new churches planted in every global community to reach new people with the good news of Jesus Christ.

The Colleges and Universities of the Anglican Communion (CUAC) is a worldwide association of over 120 institutions of higher education that were founded by and retain ties to a branch of the Anglican Communion. CUAC is committed to promoting cross-cultural contacts and educational programs.

The Anglican Communion Environmental Network (ACEN) is a Network for those who care for God’s creation. Guided by the fifth Mark of Mission members of the Anglican Communion Environment Network strive to safeguard the integrity of creation and sustain and renew the earth.

The Network for Bishops’ Spouses was approved by the ACC Standing Committee in 2022 following the tremendous contribution and experience of Bishops Spouses at the Lambeth Conference. It is developing its steering group, membership and planning ahead.

The International Anglican Family Network (IAFN) is a forum for the exchange of information about the challenges facing families in different countries and cultures and the practical work being undertaken by churches and individual Christians.

The Francophone Network of the Anglican Communion (Réseau francophone de la Communion anglicane) connects 4 million Anglicans and Episcopalians who celebrate in French across the Anglican Communion.

The Anglican Health and Community Network (AHCN) includes ‘and community’ in the title, recognising that Anglican mission in health takes place in communities as well as in hospitals and clinics and that it is a complex social, community and health system, which underpins health in many different ways.

The Anglican Indigenous Network (AIN) connects Indigenous minority peoples and are committed to the Anglican tradition while affirming Indigenous traditional spirituality. The AIN believe that the full partnership of Indigenous peoples is essential to God’s mission in the world.

The Legal Advisors Network was established in 2002 following a resolution at ACC12 to produce a statement of shared canonical principles. In 2008 it produced The Principles of Canon Law Common to the Churches of the Anglican Communion which were revised in 2022.

The International Anglican Liturgical Consultation (IALC) brings together Anglican liturgists from around the Communion. It is a focus for provinces to share liturgical revisions and other work they are doing in the area of worship.

The Lusophone Network (A Rede Lusófona da Comunhão Anglicana) aims to increase the visibility of the Portuguese-speaking Anglican – Episcopal Churches, to develop and grow through sharing resources and offering mutual support, encouragement, and knowledge.

The Anglican Peace and Justice Network (APJN)’s members share a passion for peacebuilding, reconciliation and seeking Christ-centred justice for all people. Members are ordinary Anglicans and meet online for prayer, share contexts from different parts of the world and extend solidarity.

The International Anglican Women's Network (IAWN) provides a platform where women's issues can be raised, and stories shared. The Network seeks to be a prophetic, challenging voice for gender justice so that all women may grow to fulfil their potential and respond to God’s calling.

The Anglican Communion Schools Network (ACSN) was approved by the ACC Standing Committee in 2022. It is developing its steering group, membership and planning to support senior leadership in the field of Anglican Schools.

The Anglican Communion Youth Network (ACYN) is a platform for young people and youth workers in the Anglican Communion. It connects, equips, motivates, and encourages youth movements and structures at all levels of the Anglican Communion, in fulfilling their respective mandates.

Commissions of the Anglican Communion

Commissions are official bodies established at the direction of the one of the Four Instruments, have a specific mandate for a particular task and operate for a set period of time. The Anglican Communion has six Commissions. The chair is chosen by the Archbishop of Canterbury with the agreement of the Secretary General of the Anglican Communion and the members are nominated by the Secretary General with the agreement of the Archbishop of Canterbury. The members reflect the breadth of the Communion and the expertise needed for the commission’s task.

The Anglican Communion Commission on Evangelism and Discipleship (ACCED) was launched in 2022 and its aim is to resource and encourage provinces, dioceses, and leaders in the Anglican Communion to become courageous and confident disciples of Jesus Christ. Members were involved in drafting the Lambeth Call on Discipleship, contributing to the Evangelism and Discipleship Plenary Session at the Lambeth Conference and seminars. Co-Chairs are Most Revd Tito Zavala, Primate, Anglican Church of Chile; Most Revd Moon Hing, Former Primate, Church of the Province of South East Asia; Most Revd Nick Drayson, Former Primate, Anglican Church of South America; Rt Revd Dr Ric Thorpe, Church of England.

The Inter-Anglican Standing Commission on Unity, Faith and Order (IASCUFO) is an international body, set up in 2008, which advises provinces and Anglican Instruments on a range of ecumenical matters and reviews developments in the areas of unity, faith and order. It also advises on intra-Anglican concerns. The mandate is to promote the deepening of Communion between the Churches of the Anglican Communion, and between those Churches and the other churches and traditions of the Christian oikumene. The Chair is the Rt Revd Dr Graham Tomlin, Church of England.

The Anglican Inter Faith Commission (AIFC) as established in 2017 under a mandate from ACC16. The Commission is chaired by the Bishop of Kuching, Rt Revd Datuk Danald Jute and has members from across the Communion who are engaged in dialogues and practical action with those of other faiths. Having met twice in 2018, the Commission met again in February 2020 to prepare material to be shared at the Lambeth Conference. Members were involved in drafting the Lambeth Call on Interfaith Relations and contributing to the Interfaith Plenary Session.

The Anglican Communion Safe Church Commission (SCC) is an international body whose remit is to promote the safety of people within churches of the Anglican Communion with a particular focus on children, young people and vulnerable adults. The SCC met for the first time in three years in person in 2022 in Jordan to

prepare for the Lambeth Conference. Members were involved in drafting the Lambeth Call on Safe Church and contributing to the Safe Church Plenary Session. The emphasis at the Lambeth Conference was the need to keep people from harm in our churches, ensure policies and procedures are in place and acted upon. The SCC received many requests from Bishops that are now being worked through. The Chair of the SCC is Mr Garth Blake, Anglican Church of Australia.

The Anglican Communion Science Commission (ACSC) was launched in 2022 and includes scientists, theologians, and church leaders from around the world and also benefits from a representative group of bishops nominated by the primates of each of the 42 churches that make up the Anglican Communion. Members were involved in drafting the Lambeth Call on Science and Faith at the Lambeth Conference and in seminars. Plans are developing for three regional conferences of bishops and scientists across the Communion. The Co-Chairs in 2022 were the Most Revd Dr Thabo Makgoba, Primate of the Anglican Church of Southern Africa and the Rt Revd Dr Steven Croft, Bishop of Oxford, Church of England.

The Commission for Theological Education in the Anglican Communion (CTEAC) was launched in 2022. Under the chairmanship of the Most Revd Dr Howard Gregory (Primate, Church in the Province of the West Indies) it has taken over and is extending TEAC’s work in the years ahead through Provincial Commissioners, Consultants and working groups. It will strengthen networking across seminaries and churches and develop online resources. Seminaries and training programmes are being invited to become associate members. Thirty-eight provinces have nominated commissioners.

Anglican Alliance

Conceived at the Lambeth Conference 2008, the Anglican Alliance serves to connect, equip, and inspire the churches and agencies of the Anglican Communion in their relief, development, and advocacy activities, responding to poverty and injustice throughout the world within the context of the Anglican Marks of Mission.

The Anglican Alliance was set up in 2011. In 2013 it was established as a charitable company by the ACC Standing Committee, whose members are the official Company Members of the Anglican Alliance. The Secretary General of the Anglican Communion is also on the Board of Trustees, whose members are drawn from across the Communion. The Alliance has a secretariat of three staff based at the ACO and six regional facilitators and a senior global adviser located around the Communion. It coordinates closely with other departments at the ACO as well as at Lambeth Palace in delivery of shared objectives.

The Anglican Alliance has three pillars of work to support the holistic mission of the Communion: development, relief, and advocacy. In 2022 the Alliance had income to sustain the level of planned activity, including a significant contribution to the Lambeth Conference programme, and responding to the final stages of the Covid19 pandemic.

In the Relief pillar, the Anglican Alliance adds value by coordinating accompaniment and support to Anglican provinces and dioceses responding to humanitarian crises. It works closely with a group of agencies and churches to connect for joint support so that the local church can have a simplified process for applications, communications and reporting. Response to the Covid-19 pandemic continued for the early part of the year, mainly in promoting vaccine confidence and equity. At the same time, the Alliance continued support to churches facing other humanitarian crises, due to conflict, climate change and natural disasters, including in Mozambique, South Sudan, DRC, Malawi, Madagascar, Pakistan, and Brazil.

In the Development pillar, the Anglican Alliance adds value by sustaining a mechanism for sharing learning and skills and building joint strategic initiatives across the Anglican Communion. It does not fund projects, but works to connect, leverage assets and build coalitions. Highlights in 2022 included: completing the Resilience Course, a global online course building capacity in disaster resilience and response; an online course and ongoing online communities of practice on safe migration and tackling human trafficking; building skills in asset-based church and community development approaches. At the Lambeth Conference, the Anglican Alliance facilitated 8 seminars on different topics on the environment and sustainable development. It also enabled the launch and development of the Communion Forest, along with the Anglican Communion Environment Network. This initiative helps equip Anglican Provinces in ecosystem protection, conservation, and restoration, and has become a significant aspect of the Anglican Alliance’s work.

In the Advocacy pillar, the Anglican Alliance adds value by helping to equip, connect and catalyse advocacy initiatives in the Communion, supporting Anglican leaders to speak out alongside people from affected communities. It also helps to broker and build coalitions within the Communion and with ecumenical and other partners for joint advocacy at global levels. Highlights in 2022 included: policy work and facilitating the Communion delegation at the UN climate summit COP27 in Egypt; supporting the drafting of the Lambeth Conference Call on Environment and Sustainable Development.

Since its launch in 2011, the Anglican Alliance has established a strong reputation for connecting and equipping the worldwide churches and agencies to bring about transformational change in the lives of the poor and vulnerable. It also has an important convening function within the Anglican Communion and played a significant role supporting the 2022 Lambeth Conference programme.

Financial Report for the Year to 31 December 2022

The ACC was incorporated as a company limited by guarantee on 12 July 2010.

The activities of the Anglican Alliance began as a restricted fund of The Anglican Consultative Council in 2011. A new charitable company, Anglican Alliance was incorporated on 3 January 2013, company number 8345096 and registered as a charity, number 1151992. The Trustees of the Anglican Consultative Council are the members of the Anglican Alliance and having significant control, the financial results of the Anglican Alliance for the year to 31 December 2022 have been included in these accounts.

The Compass Rose Trust was registered as a company in England on 29 May 2019, company number 12021167. The Trustees of the Anglican Consultative Council nominate the majority of Trustees of the Compass Rose Trust and have significant control. The Compass Rose Trust was dormant in 2022 and will be closed during 2023. The restricted fund previously held for the Trust with a balance of £141,310 has been transferred into a new Compass Rose Endowment Fund held within the ACC.

The Balance Sheet sets out the overall financial position of the ACC at the end of December 2022. It should be noted that each fund category is dealt with in a separate column, which is referenced to notes in the accounts. The total fund balances at the end of 2022 (Reserves) were £2,866,981 (2021 £2,990,727).

Note 7 to the accounts gives the details of the ACC's investments, which were held in the COIF Charities Deposit Fund and CBF Church of England Deposit Fund. There were no additions to nor withdrawals of investments in 2022. A decrease in market value of £260,689, bring the total to £1,963,716 (2021 £2,224,404).

Cash decreased to £714,181 from £853,113 as set out in the Statement of Cash Flows. The change reflects less income than expenditure during the year along with an increase in Debtors.

The main summary of financial transactions through the year is the Statement of Financial Activities or SOFA. This statement includes income and expenditure, transfers between the different funds and gains or losses on the values of investments. Separate supporting statements, set out in the same SOFA format, show in more detail General Fund transactions related to the Unrestricted General Fund, Designated Funds, Other Restricted Funds, Endowment, and the Property Reserve. Supplementary information is included in the notes to the accounts.

Unrestricted General Funds generated net expenditure of £167,988 before transfers and actuarial gains (2021: £496,730 net income). General fund income increased by £133,425 to £1,923,200 during 2022 and general fund costs also increased by £551,327 to £1,972,107. After making transfers to Designated and Restricted Funds, the General Fund Balance stood at £612,555 (2021: £781,871) for the Charity and £692,331 (2021: £883,117) for the Group.

The Total Funds Movement (See Note 9) shows designated funds that are unrestricted, but which have been set aside by Trustees for specific purposes. Designated funds form part of overall unrestricted reserves. The ACC designates funds by transfer from General Funds for Anglican Consultative Council meetings which do not take place every year. Designated Funds excluding the Pension deficit stand at £621,456 at 31 December 2022.

Following a triennial valuation in 2016, provision was made in 2017 for an increased actuarial loss on the Defined Benefit Pension Scheme (also see Note 13). The Trustees planned to eliminate the deficit by 2025 making annual payments of £88,635. A valuation as at 31 December 2019 was completed and the resulting decrease in liability recognised in 2021. A further valuation as at 31 December 2022 is underway. Due to the improvements in the projected funding position of the Fund, the Church of England Pensions Board agreed that deficit contributions should cease with effect from 31 December 2022 for employers whose pools were estimated to be materially in surplus. As a result, there is no obligation recognised as a liability within the financial statements as at 31 December 2022.

The Restricted Funds fund vital parts of the ACC’s work and the Trustees are grateful for the generous grants and donations which fund specific aspects of the work which the contributions of the member provinces do not cover (for example, UN Office in New York and Theological Education).

The Other Restricted Fund Balance at 31 December 2022 was £320,074 for the charity and £377,904 for the Group. The largest components of the Restricted Funds were Theological Education (TEAC) of £61,578 and the Safe Church Commission of £41,254. The Property Fund (which is classified as a Restricted Fund) has been used to fund the St Andrew’s House 2004 refurbishment costs, these costs were fully funded and were depreciated over the life of the lease to June 2022.

The ACOUN Endowment Fund at 31 December 2022 was £944,053 after making a transfer to restricted funds for the annual drawdown to support the work of the Anglican Communion Office at the United Nations. The Compass Rose Endowment Fund at 31 December 2022 after further generous donations in year was £231,237.

Investment Policy

The market value of investments held by ACC at 31 December 2022 was £1,963,715 made up of £1,066,706 of endowment funds, £397,347 of restricted funds, and £499,663 of unrestricted funds.

The Endowment fund for the Anglican Communion Office at the UN, the Compass Rose Endowment Fund and the General purposes funds are invested in the Central Board of Finance (CBF) Church of England Investment Fund - Income Shares which meet the Trustees’ ethical concerns and provide income. During 2022 the income yield was 2.6% (2021 2.9%) and the market value of the units decreased by 11.7% during 2022 (2021: 14.4% increase). No withdrawals were made during 2022 so there were no realised gains. Up to 5% of the Endowment fund for the Anglican Communion Office at the UN can be drawn annually to fund ministry costs.

Reserves Policy

During the year the Trustees reviewed the ACC‘s requirements for free reserves in the light of the predominant risks to the organisation. The General Fund (core budget) costs in 2022 are of the order of £1.9 million per annum (including the subsidiary, Anglican Alliance) and 64% of these costs are associated with employment of staff.

The Trustees’ policy is to hold unrestricted reserves sufficient to cover three months of operating costs (around £500,000 in 2022). Unrestricted reserves, including General, Designated and Pension Funds, stood at £1,313,787 at 31 December 2022.

Free reserves of the group at 31 December 2022 were £665,482 (2021: £789,851). Free reserves are defined as the balance on the General Fund excluding the value of tangible and intangible fixed assets.

Donations in Kind Received

Reference is made in this report to contributions to the work of the ACC from various sources. Some contributions have been financial, others in the form of the provision of personnel or facilities. Among these donations in kind is office space for the ACOUN provided in New York by The Episcopal Church.

The Trustees also wish to acknowledge the generosity of the Trustees of the Community of St Andrew in enabling them to lease St Andrew’s House for a peppercorn rent.

Grant-making Policies

The ACC administers grants in accordance with the restricted purposes for which the funds were originally donated. Grants are paid as soon as applications have been received and approved.

Trustees’ Responsibilities Statement in Relation to the Financial Statements

The law applicable to charities in England and Wales requires the Trustees to prepare the annual report and financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:

select suitable accounting policies and then apply them consistently;
make judgments and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity, and which enable them to ascertain the financial position of the charity and ensure that the financial statements comply with the Companies Act 2006. The Trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are not aware of any relevant audit information that has not been disclosed to the charity’s auditors. The Trustees have taken all the steps that ought to have been taken in order to make themselves aware of any relevant audit information and to establish that the charity’s auditors are aware of that information.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Auditors

The Auditors, Moore Kingston Smith, have signified their willingness to continue in office.

Approved by the Trustees and signed on their behalf by:

Margaret Swinson Chair

Date: 19 September 2023

Independent Auditors’ Report to the Members of The Anglican Consultative Council

Opinion

We have audited the financial statements of The Anglican Consultative Council (the ’company’) for the year ended 31 December 2022 which comprise the Group Statement of Financial Activities, the Group and Parent Charitable Company Balance Sheets, the Group Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the groups and the parent charitable company’s affairs as at 31 December 2022 and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the trustees’ annual report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
trustees’ annual report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Act 2011 require us to report to you if, in our opinion:

the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or
the parent charitable company’s financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies exemption in preparing the Trustees’ Annual Report and from preparing a strategic report.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 19, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the group and parent charitable company’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group and parent charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or parent charitable company to cease to continue as a going concern.
Evaluate the overall presentation, structure, and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision, and performance of the group audit. We remain solely responsible for our audit report.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The objectives of our audit in respect of fraud, are to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Our approach was as follows:

We obtained an understanding of the legal and regulatory requirements applicable to the charitable company and considered that the most significant are the Companies Act 2006, the Charities Act 2011, the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council and UK taxation legislation.
We obtained an understanding of how the charitable company complies with these requirements by discussions with management and those charged with governance.

We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.
We inquired of management and those charged with governance as to any known instances of noncompliance or suspected non-compliance with laws and regulations.
Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and, in respect of the consolidated financial statements, to the charity’s trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charitable company’s members and trustees those matters which we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company, the charitable company’s members, as a body, and the charity’s trustees, as a body, for our audit work, for this report, or for the opinion we have formed.

James Cross (Senior Statutory Auditor) for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

9 Appold Street London EC2A 2AP

Date: 28 September 2023

The Anglican Consultative Council

Consolidated Statement of Financial Activities For the Year Ended 31 December 2022

Notes Income Donations Inter Anglican Budget Contributions Compass Rose Donations Other Donations Investment Income Other Income Miscellaneous Income Total Income Charity Donations Anglican Agencies Donations Income – subsidiary – Anglican Alliance Total Income – Group	Unrestricted Restricted Endowment 2022 Unrestricted Restricted Endowment 2021 £ £ £ £ £ £ £ £ 1,481,926 5,148 - 1,487,074 1,411,415 2,527 - 1,413,942 262,362 27,463 88,558 378,383 201,281 34,907 - 236,188 31,743 287,799 - 319,542 39,343 293,917 - 333,260 27,945 - 32,532 60,477 25,866 4,871 30,186 60,923 1,265 - - 1,265 378 - - 378
	1,805,241 320,410 121,090 2,246,741 1,678,283 336,222 30,186 2,044,691
	116,310 133,511 - 249,821 111,492 176,242 - 287,734 1,649 - - 1,649 - - - -
	117,959 133,511 - 251,470 111,492 176,242 - 287,734
	1,923,200 453,921 121,090 2,498,211 1,789,775 512,464 30,186 2,332,425

Consolidated Statement of Financial Activities

(continued)

For the Year Ended 31 December 2022

(continued) For the Year Ended 31 December 2022
Expenditure Notes Charity Expenditure on Charitable Activities Secretary General's Office & Instruments of Communion Unity, Faith and Order Mission & Discipleship Gender Justice Communications Theological Studies Anglican Communion Office at the United Nations Expenditure – Charity 3 Subsidiary - Anglican Alliance Expenditure on Charitable Activities Development Relief Advocacy Capacity Building Regional Meetings Expenditure – Subsidiary 3 Total Expenditure – Group Net (Losses)/Gains on investments 7 Net Income / (Expenditure) Actuarial gain on defined pension scheme 1,13 Transfers between funds 9 Net movement in funds for the year 4 Reconciliation of funds Total funds brought forward Total funds carried forward	Unrestricted Restricted Endowment 2022 Unrestricted Restricted Endowment 2021 £ ¤ £ £ £ £ £ £ £ 782,545 2,384 64 784,993 568,147 4,036 2,254 574,437 320,806 2,408 - 323,214 201,431 18,473 - 219,904 178,922 34,271 - 213,193 26,717 404,760 - 431,477 74,496 60,972 - 135,468 116,582 20,011 - 136,593 255,001 3,238 - 258,239 254,691 26,080 - 280,771 100,570 169,301 - 269.871 66,449 133,177 - 199,626 72,989 113,361 186,350 84,566 191,380 275,946
	1,785,329 385,935 64 2,171,328 1,318,583 797,917 2,254 2,118,754
	70,598 134,223 - 204,821 29,257 1,374 - 30,631 54,361 17,766 - 72,127 39,010 97,439 - 136,449 17,925 63,381 - 81,306 9,753 47,123 - 56,876 35,892 18,157 - 54,049 20,675 64,010 - 84,685 8,002 - - 8,002 3,502 - - 3,502
	186,778 233,527 - 420,305 102,197 209,946 - 312,143

	1,972,107 619,462 64 2,591,633 1,420,780 1,007,863 2,254 2,430,897
	(119,081) - (141,608) (260,689) 127,735 18,275 156,098 302,108
	(167,988) (165,541) (20,582) (354,111) 496,730 (477,124) 184,030 203,636 230,365 - - 230,365 229,365 - - 229,365 (741) 53,996 (53,255) - (84,192) (8,498) 92,690 -
	61,636 (111,545) (73,837) (123,746) 641,903 (485,622) 276,720 433,001 1,252,151 489,449 1,249,127 2,990,727 609,346 975,973 972,407 2,557,726
	1,313,787 377,904 1,175,290 2,866,981 1,251,249 490,351 1,249,127 2,990,727

The Statement of Financial Activities also complied with the requirements for an income and expenditure account under the Companies Act 2006. All activities relate to ongoing activities. The Charity has no recognised gains or losses other than the net movement in funds shown above.

Anglican Consultative Council (Company No. 7311767)

Balance Sheet

as at 31 December 2022

Anglican Consultative Council (Company No. 7311767) Balance Sheet as at 31 December 2022
Consolidated Notes Fixed Assets Intangible assets Software 6 Tangible assets Office equipment 6 Leasehold property 6 Investments 7 Current Assets Debtors 8a Cash at bank and in hand Current Liabilities Creditors: Amounts falling due within 1 year 8b Net Current Assets Total Assets less Current Liabilities Creditors: Amounts falling after more than 1 year Defined benefit pension scheme liability 8c Total Net Assets The Funds of the Group 9	Unrestricted	Restricted
	526,512 397,347 - - 1,066,706 1,990,565 2,336,720
	140,515 178,686 93,792 - - 412,993 279,901 179,213 46,188 380,196 - 108,584 714,181 853,113
	319,728 224,874 473,988 - 108,584 1,127,174 1,133,014
	153,909 765 96,084 - - 250,758 252,642
	165,819 224,109 377,904 - 108,584 876,416 880,372
	692,331 621,456 377,904 - 1,175,290 2,866,981 3,217,092 - - - - - - 226,365 692,331 621,456 377,904 - 1,175,290 2,866,981 2,990,727
	692,331 621,456 377,904 - 1,175,290 2,866,981 2,990,727

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Approved by the Trustees and signed on their behalf by:

Margaret Swinson, Chair

Date: 19 September 2023

Anglican Consultative Council (Company No. 7311767) Balance Sheet

as at 31 December 2022

Anglican Consultative Council (Company No. 7311767) Balance Sheet as at 31 December 2022
Charity Notes Fixed Assets Intangible assets Software 6 Tangible assets Office equipment 6 Leasehold property 6 Investments 7 Total Fixed Assets Current Assets Debtors 8a Cash at bank and in hand Total Current Assets Current Liabilities Creditors amounts falling due within 1 year 8b Net Current Assets / (Liabilities) Total Assets less Current Liabilities Creditors: Amounts falling after more than 1 year Defined benefit pension scheme liability 8c Total Net Assets / (Liabilities) The Funds of the Charity	Unrestricted	Restricted
	525,961 397,347 - - 1,066,706 1,990,014 2,335,377
	152,211 178,686 71,292 - - 402,189 256,858 65,248 46,188 265,683 - 108,584 485,703 616,881
	217,459 224,874 336,975 - 108,584 887,892 873,739
	130,865 765 16,901 - - 148,531 217,773
	86,594 224,109 320,074 - 108,584 739,361 655,966
	612,555 621,456 320,074 - 1,175,290 2,729,375 2,991,343 - - - - - 226,365 -
	612,555 621,456 320,074 - 1,175,290 2,729,375 2,764,978
	612,555 621,456 320,074 - 1,175,290 2,729,375 2,764,978

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Approved by the Trustees and signed on their behalf by:

Margaret Swinson, Chair

Date: 19 September 2022

Anglican Consultative Council (Company No. 311767) Statement of Cash Flows

For the Year Ended 31st December 2022

Consolidated

Reconciliation of net income/(expenditure) to net cash flow from Operating Activities Net Income / (Expenditure) Actuarial losses on defined pension scheme Transfers between funds Depreciation (Gains) on investments (Decrease) / Increase in Creditors Decrease / (Increase) in Debtors Net cash provided by / (used in ) Operating Activities Cash flows from Investing Activities (Purchase) of Fixed Assets Disposal of Fixed Assets (Purchase) / Disposal of Investments Cash provided by / (used in) Investing Activities Increase / (Decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Total cash and cash equivalents at the end of the year	General Designated Restricted Property Endowment Total 2022 Total 2021 £ £ £ £ £ £ £ (140,947) (27,040) (146,490) (19,050) (20,583) (354,110) 203,636 - 230,365 - - - 230,365 229,365 (50,741) 50,000 53,996 - (53,255) - - 82,541 - - 19,050 - 101,591 181,893 119,081 - - - 141,608 260,689 (302,108) 21,244 (314,235) 64,742 - - (228,249) (372,196) 64,193 (178,687) (18,600) - -(133,094) 100,872
	95,371 (239,597) (46,352) - 67,770 (122,808) 41,462
	(16,124) - - - - (16,124) (7,974) - - 2,063 (150,000) 150,000 128,428 - (128,428) - 171,710
	(166,124) 150,000 128,428 - (128,428) (16,124) 165,799
	(70,753) (89,597) 82,076 - (60,658) (138,932) 207,261 249,966 135,785 298,120 - 169,242 853,113 645,852
	179,213 46,188 380,196 - 108,584 714,181 853,113

The Anglican Consultative Council Notes to the Financial Statements For the year ended 31 December 2022

Note 1 – Accounting Policies

Accounting Conventions

(a) The financial statements are prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity is a public benefit entity as defined by FRS 102 (PBE 3.3a).
(b) The consolidated accounts of the Group incorporate the accounts of the charity, The Anglican Consultative Council, and its subsidiary, Anglican Alliance. No separate Statement of Financial Activities is presented for the charity as permitted by the Companies Act. Gross income for the charity alone was £2,247,546 (2021 £2,044,691) and net expenditure was £265,965 (2021 £397,410 net income).
(c) The historic cost convention applies to the treatment of Tangible Fixed Assets, except for investments, which are included at market value. Expenditure above £800 is capitalised.
(d) Income The most substantial source of income for the ACC is the contributions from the member Churches of the Anglican Communion. These contributions are accounted for on a cash received basis except that an accrual is made for late contributions received prior to the completion of the year's accounts. A similar principle is adopted in relation to certain substantial donations received late but supporting expenditure for the year and where is evidence that the donor committed to such a donation prior to the reporting date. Otherwise, the accounts are kept on an accrual’s basis.
(e) Expenditure All expenditure is accounted for on an accruals basis and has been listed under the headings that aggregate all the costs related to that activity. Where costs cannot be directly attributed, they have been allocated to activities on a basis consistent with the use of the resources.

Direct costs including directly attributable salaries are allocated on an actual basis to the key strategic areas of activity.

Support staff costs are allocated on the basis of time spent. Premises and utility costs, depreciation and the salaries of the St Andrew’s House warden and cleaning staff are allocated on the basis of floor space used.

Governance costs include the costs of Trustees meetings, audit, and professional fees.

Note 1 – Accounting Policies (Continued)

(f) Investments Gains and Losses Investments are included at market value. Realised and unrealised gains and losses are calculated in relation to either, the market value at the end of the previous year, or, if purchase of the investments has been made in the same year as the sale, to cost.
(g) Grant-making Policy The ACC administers grants in accordance with the restricted purposes for which the Funds were originally donated. Grants are paid as soon as the applications have been received and approved.
(h) Grants to subsidiary The ACC makes grants to its subsidiary, Anglican Alliance. Grants are made in cash and as donation in kind of staff time. (See note 11). This has been calculated based on the estimated staff time used, and the gross cost of those staff.
(i) Funds are set aside annually for specific purposes (Designated Funds) and related expenses are charged to the appropriate fund. The balance on each fund is carried forward against expenses for future years and often includes an equalisation element for expenses incurred at irregular intervals. General and Designated Funds are classified as Unrestricted Funds available for use at the discretion of the Trustees in furtherance of the charitable objectives of ACC.
(j) Restricted funds are funds subject to specific restrictions imposed by donors or funds provided from external sources for specific projects. The purposes of Restricted Funds are set out in note 9.
(k) The General Fund, together with any other current funds not immediately required to meet expenditure, is invested in short term deposits and the income arising there from is credited to general funds. However, income arising from the deposit or investment of funds in accounts are kept for specific projects accrues to the relevant funds.
(l) The ACC has an endowment fund for the work of the Anglican Communion Office at the United Nations and a Compass Rose Endowment Fund which will contribute towards general funds.
(m) Depreciation and Amortisation Tangible fixed assets are depreciated on a straight-line basis over their estimated useful life. The periods used are: Leasehold Property Improvements 18.5 years or remaining life of lease (if shorter), Information Technology Equipment 4 years, Office Furniture and Equipment 5 years. Intangible fixed assets are amortised on a straight-line basis over their estimated useful life. The period used is 4 years.

Note 1 – Accounting Policies (Continued)

(n) Foreign Currencies Assets, liabilities, revenues and costs expressed in foreign currencies are translated into sterling at rates of exchange ruling on the date the transactions occur, except for:
monetary assets and liabilities which are translated at the rate ruling at the balance sheet date.
transactions to be settled at a contract date and trading transactions covered by a related forward contract which are translated at those contracted rates.
transactions on accounts kept by overseas entities and incorporated in these accounts are generally converted at the average rate for the year.
(o) Pension Costs Contributions to the ACC's pension scheme in which the ACC participates are charged to the Statement of Financial Activities in the period to which they relate. The ACC participates in a Defined Contributions Scheme as well as a Defined Benefits Scheme. The Defined Benefits Scheme was closed to existing members for future service on 28 February 2010. The liability of the Defined Benefit Scheme is stated in accordance with FRS 102 on advice from the scheme actuaries.
(p) Going concern In the trustees’ report there is a review of financial performance and of the charity’s reserves position. There are adequate financial resources, and the charity is well placed to manage business risks. It is a reasonable expectation that there are adequate resources to continue in operational existence for the foreseeable future. There are no known material uncertainties that call into doubt the charity’s ability to continue. The accounts have therefore been prepared on the basis that the charity is a going concern.

Note 2 – Constitution

The Anglican Consultative Council is established by constitution subscribed to by all the member churches of the Anglican Communion and is a charity registered in England and Wales.

On 12 July 2010 following the constitutional changes approved by the member churches, the ACC was incorporated as a company limited by guarantee, the assets and liabilities were transferred to the new company on 31 December 2010.

Anglican Consultative Council Notes to the Financial Statements

For the Year ended 31 December 2022

Note 3

Analysis of Expenditure Unrestricted Funds (General & Designated) Charity Charitable Activities Secretary General's Office & Instruments of Communion Unity, Faith & Order Mission & Discipleship Gender Justice Communications Theological Studies Anglican Communion Office at the United Nations Unrestricted expenditure – Charity Subsidiary - Anglican Alliance Charitable Activities Development Relief Advocacy Capacity Building Regional Meetings Unrestricted expenditure - Anglican Alliance Total Unrestricted expenditure	Other Staff Direct Support Total Total Costs Costs Grants Costs 2022 2021 £ £ £ £ £ £ 462,129 187,856 12,001 123,816 785,802 568,147 193,447 84,013 2,000 38,089 317,549 201,431 138,498 21,498 - 18,926 178,922 26,717 41,784 2,847 - 29,865 74,496 116,582 186,200 7,284 - 61,517 255,001 254,691 56,409 3,844 - 40,317 100,570 66,449 40,939 2,790 - 29,260 72,989 84,566*
	1,119,406 310,132 14,001 341,790 1,785,329 1,318,583
	56,162 3,324 11,112 70,598 29,257 42,121 3,907 8,333 54,361 39,010 14,040 1,108 2,777 17,925 9,753 28,081 2,255 5,556 35,892 20,675 - 8,002 - 8,002 3,502
	140,404 18,596 - 27,778 186,778 102,197

	1,259,810 328,728 14,001 369,568 1,972,107 1,420,780

Grants include Anglican Centre in Rome £10,000.

Anglican Consultative Council Notes to the Financial Statements For the Year Ended 31 December 2022

Note 3 (Continued)

Restricted Funds (including Property Depreciation)

Note 3 (Continued) Restricted Funds (including Property Depreciation)
Charity Charitable Activities Secretary General's Office & Instruments of Communion Unity, Faith & Order Mission & Discipleship Gender Justice Communications Theological Studies Anglican Communion Office at the United Nations Restricted expenditure – Charity	Staff Costs £ Other Direct Costs £ Grants £ Support Costs £ Total 2022 £ Total 2021 £ - 2,612 - 5,813 8,425 4,036 - - - 2,408 2,408 18,473 6,435 25,141 - 2,695 34,271 404,760 8,849 46,301 - 5,822 60,972 20,011 - - - 3,238 3,238 26,080 91,964 62,781 - 8,515 163,260 133,177 83,950 24,374 - 5,037 113,361 191,380
	191,198 161,209 - 33,528 385,935 797,917

Note 3 (Continued)
Restricted Funds (including Property Depreciation)

Charity
Charitable Activities
Secretary General's Office & Instruments of Communion
Unity, Faith & Order
Mission & Discipleship
Gender Justice
Communications
Theological Studies
Anglican Communion Office at the United Nations
Restricted expenditure – Charity

Staff
Costs
£
Other
Direct
Costs
£
Grants
£
Support
Costs
£
Total
2022
£
Total
2021
£
-
2,612
-
5,813
8,425
4,036
-
-
-
2,408
2,408
18,473
6,435
25,141
-
2,695
34,271
404,760
8,849
46,301
-
5,822
60,972
20,011
-
-
-
3,238
3,238
26,080
91,964
62,781
-
8,515
163,260
133,177
83,950
24,374
-
5,037
113,361
191,380

191,198
161,209
-
33,528
385,935
797,917

Subsidiary – Anglican Alliance

Subsidiary – Anglican Alliance
Charitable Activities
Development	99,946	25,667	-	8,610	134,223	1,374
Relief	11,133	1,762	-	4,871	17,766	97,439
Advocacy	58,628	4,142	-	611	63,381	47,123
Capacity Building	4,100	13,658	-	399	18,157	64,010
Regional Meetings	-	-	-	-	-	-
Restricted expenditure – Anglican Alliance	173,807	45,229	-	14,491	233,527	209,946
Endowment	-	64	-	-	64	2,254
Total Restricted and Endowment Expenditure	365,005	206,502	-	48,019	619,526	1,010,117
Total Expenditure	1,624,815	535,230	14,001	417,587	2,591,633	2,430,897

Anglican Consultative Council Notes to the Financial Statements For the Year Ended 31 December 2022

Note 3 (Continued)

Note 3 (Continued)
Analysis of Support Costs	Secretary
	General's Office
	& Instruments	Unity Faith	Mission &	Gender	Communi-	Theological	UN
	of Communion	& Order	Discipleship	Justice	cations	Education	Observer	2022	2021
Charity	£	£	£	£	£	£	£	£	£
Finance and Resources	3,529	746	379	451	720	644	1,332	7,801	(2,668)
Office Costs	15,406	5,775	7,243	7,118	18,344	10,215	5,417	69,518	80,516
Professional Fees	9,141	3,782	2,025	3,130	5,085	4,225	3,066	30,454	28,029
Information technology	15,702	6,505	2,580	5,383	8,748	7,268	5,274	51,460	45,267
Property	57,566	23,689	9,394	19,605	31,858	26,480	19,208	187,800	256,932
Governance	28,285	-	-	-	-	-	-	28,285	30
	129,629	40,497	21,621	35,687	64,755	48,832	34,297	375,318	408,106

Development Relief Advocacy Capacity Building Regional Meetings 2022 2021 Subsidiary - Anglican Alliance £ £ £ £ £ £ £ Office Expenses 4,862 5,127 1,410 1,973 - 13,372 10,577 Regional Office Expenses - - - - - - - Governance 7,021 5,266 1,755 3,511 - 17,553 6,393 Website 1,317 1,769 (74) (149) - 2,863 - Publicity 6,522 1,042 297 620 - 8,481 1,070 19,722 13,204 3,388 5,955 - 42,269 18,040 Endowment Professional Fees - - - - - - 2,254 Total Support Costs 417,587 428,400	Development Relief Advocacy Capacity Building Regional Meetings 2022 2021 Subsidiary - Anglican Alliance £ £ £ £ £ £ £ Office Expenses 4,862 5,127 1,410 1,973 - 13,372 10,577 Regional Office Expenses - - - - - - - Governance 7,021 5,266 1,755 3,511 - 17,553 6,393 Website 1,317 1,769 (74) (149) - 2,863 - Publicity 6,522 1,042 297 620 - 8,481 1,070 19,722 13,204 3,388 5,955 - 42,269 18,040 Endowment Professional Fees - - - - - - 2,254 Total Support Costs 417,587 428,400	Development Relief Advocacy Capacity Building Regional Meetings 2022 2021 Subsidiary - Anglican Alliance £ £ £ £ £ £ £ Office Expenses 4,862 5,127 1,410 1,973 - 13,372 10,577 Regional Office Expenses - - - - - - - Governance 7,021 5,266 1,755 3,511 - 17,553 6,393 Website 1,317 1,769 (74) (149) - 2,863 - Publicity 6,522 1,042 297 620 - 8,481 1,070 19,722 13,204 3,388 5,955 - 42,269 18,040 Endowment Professional Fees - - - - - - 2,254 Total Support Costs 417,587 428,400
	19,722 13,204 3,388 5,955 -	42,269 18,040
	- - - - -	- 2,254
		417,587 428,400

Anglican Consultative Council Notes to the Financial Statements For the Year Ended 31 December 2022

Note 4	Consolidated Group	Consolidated Group	Charity	Charity
Net Movement in Funds is after charging:
	2022	2021	2022	2021
Professional Fees	£	£	£	£
Audit Fees - current year	23,640	20,172	16,500	14,472
Audit Fees - previous year	310	849	206	507
Accountancy & Advisory Fees	14,808	17,258	13,055	15,304
Depreciation	101,591	181,893	100,799	181,100
Note 5
Trustees & Employee Information	2022	2021	2022	2021
Average head count	28	31	22	22
Average number of full-time equivalent	staff employed;
Based in London	19	21	18	18
Based overseas	4	5	2	2
	23	26	20	20
	£	£	£	£
Salaries	1,281,081	1,194,775	1,031,878	998,153
Social Security Costs	110,472	104,230	94,638	89,931
Pension Contributions	94,616	96,783	81,059	83,773
Other staff costs	138,646	95,702	106,286	61,748
	1,624,815	1,491,490	1,313,861	1,233,605
The number of higher paid staff with emoluments in the following ranges
were:
£60,000 to £69,999	1	-	1	-
£70,000 to £79,999	-	1	-	1
£90,000 to £99,999	1	-	1	-
£100,000 to £109,999	-	1	-	1
	£	£	£	£
Employer's pension contributions in
respect of the above employees	13,881	14,436	13,881	14,436
Expenses reimbursed to 4 trustees as
meeting expenses (2021 none).	4,590	-	4,590	-

No remuneration was paid to Trustees in 2022 (2021 Nil).

The key management personnel of the ACC comprise the trustees, the Secretary General, and the Chief Operating Officer (until Feb 2021). The total employee benefits of the key management personnel of the ACC were £149,812 (2021 £181,505).

There were no restructuring costs during the period (2021 £25,873).

Anglican Consultative Council Notes to the Financial Statements For the Year Ended 31 December 2022

	Intangible
	Fixed		Tangible Fixed	Assets
	Assets
			Information	Office
		Leasehold	Technology	Furniture &
Note 6	Software	Property	Equipment	Equipment	Total
Consolidated Group	£	£	£	£	£
Fixed Assets
Cost
At 1 Jan 2022	56,965	2,117,360	52,287	124,502	2,351,114
Additions	2,902	-	13,222	-	16,124
Disposals	-	-	-	-	-
At 31 December 2022	59,867	2,117,360	65,509	124,502	2,367,238
Accumulated Amortisation / Depreciation
At 1 Jan 2022	39,708	2,038,220	40,014	120,856	2,238,798
Charge for period	10,056	79,140	10,240	2,155	101,591
Disposals	-	-	-	-	-
At 31 December 2022	49,764	2,117,360	50,254	123,011	2,340,389
Net Book Values
At 31 December 2022	10,103	-	15,255	1,491	26,849
At 31 December 2021	17,257	79,140	12,273	3,646	112,316
	Intangible
	Fixed
	Assets		Tangible Fixed	Assets
			Information	Office
		Leasehold	Technology	Furniture &
Note 6	Software	Property	Equipment	Equipment	Total
Charity	£	£	£	£	£
Fixed Assets
Cost
At 1 Jan 2022	56,965	2,117,360	49,121	124,502	2,347,948
Additions	2,902	-	13,222	-	16,124
Disposals	-	-	-	-	-
At 31 December 2022	59,867	2,117,360	62,343	124,502	2,364,072
Accumulated Amortisation / Depreciation
At 1 Jan 2022	39,708	2,038,220	38,191	120,856	2,236,975
Charge for period	10,056	79,140	9,448	2,155	100,799
Disposals	-	-	-	-	-
At 31 December 2022	49,764	2,117,360	47,639	123,011	2,337,774
Net Book Values
At 31 December 2022	10,103	-	14,704	1,491	26,298
At 31 December 2021	17,257	79,140	10,931	3,646	110,974

Anglican Consultative Council Notes to the Financial Statements For the Year Ended 31st December 2022

Note 7 Investments At Market Value Group & Charity Balance 1 January Purchases Disposals Realised Gains Unrealised (losses)/gains Balance 31 December Cost at 31 December	2022 Valuation £ 2,224,404 - - - (260,689)	2021 Valuation £ 2,094,005 - (171,710) 22,449 279,660
	1,963,715	2,224,404
	1,347,162	1,347,162

The investments are held with CCLA Investment Management Limited in CBF Investment Fund and COIF Charities Investment Fund.

Note 8 Debtors & Creditors 8a. Debtors Budget Contributions Due Prepayments Anglican Alliance Account Compass Rose Grants Lambeth Conference Other Amounts Receivable Accrued Income 8b. Creditors (less than one year) Taxation & Social Security Accrued Expenses Lambeth Conference Account Anglican Alliance Account Other Creditors Deferred Income 8c. Creditors (more than one year) Defined Benefit Pension Scheme	Consolidated Group Charity 2022 2021 2022 2021 £ £ £ £ 19,008 158,966 19,008 158,966 234,336 42,909 234,336 39,502 - - 12,022 852 31,827 35,192 31,827 35,192 30,671 13 30,671 13 25,408 42,821 25,408 22,333 71,743 48,916
	412,993 279,901 402,188 256,858
	2022 2021 2022 2021 £ £ £ £ 26,321 25,970 23,305 22,724 72,790 74,460 61,358 67,035 - - - - - - - - 72,464 152,212 63,868 128,014 79,183 -
	250,758 252,642 148,531 217,773
	2022 2021 2022 2021 £ £ £ £ - 226,365 - 226,365

Anglican Consultative Council Notes to the Financial Statements For the Year Ended 31 December 2022

Note 9 Total Funds Movement Unrestricted – General Unrestricted – Designated ACC Meetings Pension Reserve Other Designated Funds Total Designated Funds Restricted – Property Other Restricted Funds United Nations Observer Theological Education St Andrew's House refurbishment Safe Church Commission Commission on Evangelism & Discipleship Covid 19 Response Compass Rose (Subsidiary) Compass Rose Communion Forest (Subsidiary) Communion Forest (Subsidiary) Human Trafficking (Subsidiary) Church and Communities Transf’m (Subsidiary) Resilience Course (Subsidiary) Agents of Change (Subsidiary) Trinity Wall Street Other Funds Total Other Restricted Funds Endowment Anglican Communion Office at the United Nations Compass Rose Endowment Fund Total Endowment Total	Opening Balances Income Expenditure Changes in Pension Deficit Liability Unrealised Gains on Investments Transfers Closing Balances £ £ £ £ £ £ £ 884,019 1,923,200 1,945,066 - (119,081) (50,741) 692,331
	494,497 - 23,041 - - 50,000 521,456 (226,365) - 4,000 230,365 - - - 100,000 - - - - - 100,000
	368,132 - 27,041 230,365 - 50,000 621,456
	19,050 - 19,050 - - - -
	- 75,433 111,409 - - 53,255 17,279 63,126 153,727 155,275 - - - 61,578 35,010 - - - - - 35,010 77,514 10,271 46,531 - - - 41,254 30,000 - 18,824 - - - 11,176 4,683 - 4,683 - - - - - 27,463 30,000 - - - (2,537) - 60,000 48,237 - - - 11,763 68,671 - 63,381 - - - 5,290 31,769 20,000 36,631 - - - 15,138 - 36,311 14,057 - - - 22,254 4,100 - 4,100 - - - - 12,480 - 12,800 - - - (320) 143,046 70,716 54,484 - - 741 160,019
	470,399 453,921 600,412 - - 53,996 377,904 1,093,609 28,524 - - (124,825) (53,255) 944,053 155,518 92,566 64 - (16,783) - 231,237
	1,249,127 121,090 64 - (141,608) (53,255) 1,175,290
	2,990,727 2,498,211 2,591,633 230,365 (260,689) - 2,866,981

Anglican Consultative Council Notes to the Financial Statements For the Year Ended 31 December 2022

Note 9 (Continued)

Designated Funds

ACC Meeting The ACC normally meets once every three years, meaning costs may vary significantly from year to year. The ACC last met in 2019. The meeting is financed by an annual allocation from general funds into a designated fund. £50,000 was designated in 2022 towards the next conference in February 2023.

Pension Reserve The pension liability beyond one calendar year is set aside in a designated fund in order to facilitate separate monitoring of this material balance. A revaluation of the pension fund as at the 31[st of] December 2022 is being completed and the reduction in the liability has been recognised in 2022.

Other Designated Funds includes a balance of £100,000 set aside to make good any repairs as required at the expiry of the lease of St Andrew’s House.

Restricted Funds

The Property Fund was used to fund the refurbishment and alteration costs to St Andrew’s House in 2004. These costs were depreciated over the life of the lease and completed in June 2023.

Anglican Communion Office at the United Nations The ACC has Category II (Special) status with the United Nations Economic and Social Council (ECOSOC), which permits consultation with the UN Secretariat on matters of mutual concern. Restricted funds support the staff team and associated costs, funded by donations and an annual transfer from the related Endowment fund (£53,255 in 2022), with the remainder funded from unrestricted funds.

Theological Education The Department of Theological Education & Studies is funded by outside grants most notably from St Augustine’s Foundation.

St Andrew’s House refurbishment In 2017 a gift was given by Trinity Church, Wall Street in support of refurbishing the offices of the Charity to increase capacity and maintain good working order.

Safe Church Commission - The Commission’s remit is to promote the safety of people within churches of the Anglican Communion – with a particular focus on children, young people and vulnerable adults.

Commission on Evangelism and Discipleship (ACCED) - its aim is to resource and encourage provinces, dioceses, and leaders in the Anglican Communion to become courageous and confident disciples of Jesus Christ.

Covid-19 Response Funds (Subsidiary) - A project to help connect, equip, and encourage the Anglican Communion’s churches and agencies in their response to the pandemic.

Communion Forest and Compass Rose Communion Forest (Subsidiary) – Launched at the 2022 Lambeth Conference the Communion Forest Project will help equip the provinces of the Anglican Communion in ecosystem protection, conservation and restoration.

Anglican Consultative Council Notes to the Financial Statements For the Year Ended 31 December 2022

Note 9 (Continued)

Human Trafficking (Subsidiary) - A project that responds to the issues of modern slavery and human trafficking by bringing together international, interfaith and ecumenical actors to recommend national and international strategies and provides a platform for initiatives from the local to the global to share experiences and best practices.

Church and Community Transformation (Subsidiary) - A project that addresses the challenges of poverty and inequality in local communities by bringing together practitioners and beginners to provide a platform for sharing experiences, best practices and strategies for effective church and community transformation that is based on the assets (the resources, skills and experiences) already present in the community.

Resilience Course (Subsidiary) – An online Resilience Course was launched in collaboration with Episcopal Relief and Development supporting churches to develop capacity in disaster preparedness and resilience.

Agents of Change (Subsidiary) - A programme developed by the Anglican Alliance to help Anglicans anywhere in the world tackle poverty and bring about transformation in their local communities, comprising an 8-module course delivered in different ways, including face-to-face delivery - in part or whole - and distance-learning.

Trinity Wall Street (Subsidiary) – Phase 2 of the Anglican Alliance Covid-19 pandemic response: including supporting vaccine roll out and equity issues, vaccine confidence education, and ongoing support across the global Communion to strengthen church and community resilience through this crisis.

Other Restricted Funds – The other funds line is a summary of all other smaller restricted funds held by the Charity and subsidiary for projects, networks, and commissions.

ACO at the UN Endowment Fund - The Endowment Fund was set up to support the work of the Anglican Communion Office at the United Nations. The fund is invested in the Central Board of Finance (CBF) Church of England Investment Fund - Income Shares. Up to 5% of the endowment plus annual income can be drawn to fund ministry costs. £53,255 has been transferred from the Endowment in 2022.

Compass Rose Endowment Fund - A fund has been created to receive donations and gifts from the Compass Rose Society to support the ongoing work of the Anglican Communion Office. The fund is invested in the Central Board of Finance (CBF) Church of England Investment Fund - Income Shares. Up to 5% of the fund plus annual income can be drawn down annually into general funds.

Note 10 Lease Commitments

The charity is committed to making the following lease payments as follows:

Equipment	2022	2021
	£	£
Payable within 1 year	16,741	15,945
Payable within 2 to 5 years	50,080	63,778

Anglican Consultative Council Notes to the Financial Statements For the Year Ended 31 December 2022

Note 11 Subsidiary – Anglican Alliance - Summary results

ote 11 Subsidiary – Anglican Alliance - Summary results
Income Expenditure Net movement in funds for the year Total fund balance as at 31 December	Year Year 2022 2021 £ £ 368,584 381,688 456,726 346,097
	(88,142) 35,591
	137,607 225,749

Income includes a grant from the ACC of £38,578 cash and £35,616 donation in kind staff time .

Summary of transactions between the ACC and the subsidiary Anglican Alliance

Opening balance – owed (by) / to ACC Expenses paid by ACC on behalf of Anglican Alliance Expenses paid by Anglican Alliance on behalf of ACC Staff costs recharged by Anglican Alliance to ACC Grant made by ACC to Anglican Alliance Grants made to Anglican Alliance but paid to ACC Donation in Kind staff costs included in grant Cash transfer Ending balance – owed to / (by) ACC	2022 2021 £ £ 852 (800) 25,106 7,450 (2,927) (15,457) (74,194) (58,762) (27,463) (35,192) 35,616 33,954 70,489 54,202
	12,022 852

Grants made to Anglican Alliance but paid to ACC includes £27,463 grant from the Canadian Compass Rose Society.

Note 12 Taxation

The Anglican Consultative Council is a registered charity and is obliged to comply with the HM Revenue & Customs Self-Assessment rules. However, its charitable activities are exempt from United Kingdom direct taxation.

Anglican Consultative Council Notes to the Financial Statements For the Year Ended 31 December 2022

Note 13 Pension Commitments

Church of England Defined Benefits Scheme

Anglican Consultative Council participates in the Defined Benefits Scheme (DBS) section and in the Pension Builder Classic Scheme section of CWPF for lay staff. The Schemes are administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Anglican Consultative Council and the other participating employers.

The Church Workers Pension Fund has two sections:

the Defined Benefits Scheme
the Pension Builder Scheme, which has two subsections;
a. a deferred annuity section known as Pension Builder Classic, and,
b. a cash balance section known as Pension Builder 2014.

Defined Benefits Scheme

The Defined Benefits Scheme (“DBS”) section of the Church Workers Pension Fund provides benefits for lay staff based on final pensionable salaries.

For funding purposes, DBS is divided into sub-pools in respect of each participating employer as well as a further sub-pool, known as the Life Risk Pool. The Life Risk Pool exists to share certain risks between employers, including those relating to mortality and post-retirement investment returns.

The division of the DBS into sub-pools is notional and is for the purpose of calculating ongoing contributions. They do not alter the fact that the assets of the DBS are held as a single trust fund out of which all the benefits are to be provided. From time to time, a notional premium is transferred from employers’ sub-pools to the Life Risk Pool and all pensions and death benefits are paid from the Life Risk Pool.

The scheme is a multi-employer scheme as described in Section 28 of FRS 102. It is not possible to attribute DBS assets and liabilities to specific employers, since each employer, through the Life Risk Section, is exposed to actuarial risks associated with the current and former employees of other entities participating in DBS. This means that contributions are accounted for as if DBS were a defined contribution scheme. The pensions costs charged to the SoFA during the year are contributions payable towards benefits and expenses accrued in that year (2022: £4,300, 2021: £4,300) plus the figures in relation to the DBS deficit highlighted in the table below as being recognised in the SoFA, giving a total credit of £221,700 for 2022 (2021: £221,700).

If, following an actuarial valuation of the Life Risk Pool, there is a surplus or deficit in the pool and the Actuary so recommends, further transfers may be made from the Life Risk Pool to the employers’ sub-pools, or vice versa. The amounts to be transferred (and their allocation between the sub-pools) will be settled by the Church of England Pensions Board on the advice of the Actuary.

Anglican Consultative Council Notes to the Financial Statements For the Year Ended 31 December 2022

Note 13 Pension Commitments (Continued)

A valuation of DBS is carried out once every three years. The most recently finalised was carried out as at 31 December 2019. In this valuation, the Life Risk Section was shown to be in deficit by £7.7m and £7.7m was notionally transferred from the employers’ sub-pools to the Life Risk Section. This increased the Employer contributions that would otherwise have been payable. The overall deficit in DBS was £11.3m.

The next actuarial valuation is due at 31 December 2022.

Following the 2019 valuation, the ACC entered into an agreement with the Church Workers Pension Fund to pay expenses of £4,300 per year. In addition, deficit payments of £88,635 per year were agreed for 4.50 years from 1 April 2021 in respect of the shortfall in the Employer sub-pool.

Due to the improvements in the projected funding position of the Fund, the Church of England Pensions Board agreed that deficit contributions should cease with effect from 31 December 2022 for employers whose pools were estimated to be materially in surplus. As a result, there is no obligation recognised as a liability within the Employer's financial statements as at 31 December 2022. A liability has been recognised at earlier dates.

The movement in the provision is set out below:

Balance sheet liability at 1 January Deficit contribution paid Interest cost (recognised in SoFA) Remaining change to the balance sheet liability*(recognised in SoFA) Balance sheet liability at 31 December	2022 2021 £ £ 315,000 630,000 (89,000) (89,000) 4,000 3,000 (230,000) (229,000)
	- 315,000

Comprises change in agreed deficit recovery plan and change in discount rate between yearends.

This liability represents the present value of the deficit contributions agreed as at the accounting date and has been valued using the following assumptions, set by reference to the duration of the deficit recovery payments:

December 2022 December 2021 December 2020 Discount rate 0% 1.40% 0.50%

The legal structure of the scheme is such that if another employer fails, the Anglican Consultative Council could become responsible for paying a share of that employer’s pension liabilities.

Anglican Consultative Council Notes to the Financial Statements For the Year Ended 31 December 2022

Note 13 Pension Commitments (Continued)

Pension Builder Scheme

Both sections of the Pension Builder Scheme are classed as defined benefit schemes.

Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme.

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are contributions payable 2022: £81,059, (2021: £83,773), of which a total of £11,995 was outstanding at year end.

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2019. The next valuation is due as at 31 December 2022.

For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review, the Board chose to grant a discretionary bonus of 10.1% following improvements in the funding position over 2022. There is no requirement for deficit payments at the current time.

For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.

The legal structure of the scheme is such that if another employer fails, Anglican Consultative Council could become responsible for paying a share of the failed employer’s pension liabilities.

Anglican Consultative Council Notes to the Financial Statements For the Year Ended 31 December 2022

Note 14 Capital Commitments

There were no outstanding capital commitments at the year end.

Note 15 Related Parties

During 2022, The Most Revd Dr Paul Kwong (Chair of Standing Committee), The Most Revd Dr Josiah Idowu-Fearon, Secretary General and The Revd Dr William Adam and Christopher Wells, key management personnel of the ACC were trustees of The Anglican Centre in Rome. The Revd Dr William Adam and Christopher Wells also held the position of secretary of the Anglican Centre Rome. In 2022 a grant of £10,000 was made to The Anglican Centre in Rome.

During 2022, The Most Revd Dr Josiah Idowu-Fearon, Secretary General to 31 August 2022 and The Rt Revd Anthony Poggo, Secretary General from 1 September 2022, were Trustees of the Anglican Alliance. A grant of £74,194 was made to the Anglican Alliance during 2022 including donated staff time.

The Trustees of the Anglican Consultative Council nominate the majority of (3 of 5) Trustees of the Compass Rose Trust and have significant control. There were no transactions with the Compass Rose Trust during 2022.

The Anglican Consultative Council

Report and Financial Statements

for the year to

31 December 2022

The Anglican Consultative Council Report and Financial Statements for the year to 31 December 2022

Contents

The Anglican Consultative Council

Reference and Administrative Details of the Charity, its Trustees and Advisors

Constitution

Trustees

Officers of the Anglican Consultative Council

President

Chair of the Standing Committee

Vice Chair of the Standing Committee

Secretary General

Registered Office

Auditors

Solicitors

Bankers

Investment Managers

Annual Report of the Trustees

Structure, Governance and Management

Public Benefit

Risk Management

Objectives, Achievements and Activities

Anglican Communion Office

The Secretary General’s Office

Leadership and management of the ACO

The diplomatic and representational role of the Secretary General

Transition of the Secretary General

Administration and Logistics

The Instruments of Communion

The Lambeth Conference

ACC-18

ACC Standing Committee

Primates Meetings

Gender Justice

The Lambeth Conference

God’s Justice: Theology and Gender-Based Violence publication

Trauma Informed Approach

Women on the Frontline

16 Days of Activism

The Anglican Communion Office at the United Nations

Unity, Faith and Order

Theological Education in the Anglican Communion (TEAC)

Communications and IT

Authorised Networks of the Anglican Communion

Commissions of the Anglican Communion

Anglican Alliance

Financial Report for the Year to 31 December 2022

Investment Policy

Reserves Policy

Donations in Kind Received

Grant-making Policies

Trustees’ Responsibilities Statement in Relation to the Financial Statements

Auditors

Independent Auditors’ Report to the Members of The Anglican Consultative Council

Opinion

Basis for opinion

Conclusions relating to going concern

Other information

Opinions on other matters prescribed by the Companies Act 2006

Matters on which we are required to report by exception

Responsibilities of trustees

Auditor’s responsibilities for the audit of the financial statements

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Use of our report

The Anglican Consultative Council

Consolidated Statement of Financial Activities For the Year Ended 31 December 2022

Consolidated Statement of Financial Activities

(continued)

For the Year Ended 31 December 2022

Anglican Consultative Council (Company No. 7311767)

Balance Sheet

as at 31 December 2022

Anglican Consultative Council (Company No. 7311767) Balance Sheet

as at 31 December 2022

Anglican Consultative Council (Company No. 311767) Statement of Cash Flows

For the Year Ended 31st December 2022