THE ARCHBISHOP OF CAP4TERBURY'S
CHARITABLE FOUNDATION
AUDITED FINANCIALSTATEMENTS
FOR THE YEAR ENDED
JI DECEMBER 2022
Registered Charity Number 1139299
Regl$lered CoThpaTry Number 7453039

THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
INDEX
Page
TTUStees' Reporf
Auditors, Report
8-10
Statement of Financial Activities
Balance She¢t
12
Notes io the Financial Statements
13-21

THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED31 DECEMBER 2022
On l January 2012. The AT¢hbishop of Cante1￿.$ Ch8rstsble Foundation was fonned a5 a resuli of the transfer of the
net assels and operations of Th¢ Archbishop ofcanterbury's Charitsble T￿51. The Davidson Beque51 TNsi' The Holiday
CaTnps & Caravan Sites Mission and The Delmar Trusi. In 2019 it wa5 gifted the nel a55et5 of the Archbishop of
Canterbury's Discr¢tionary Fund.
The Foundation is controlled by its Memorandum and Articles of Associaiion. It was in¢orp)rnted on 26th November 2012
Icompany Number 7453039) and consiiiutes a limi*d company, limited by guarantee. as d¢fJned by the Companies Act
2006, and it is also a regisiered charity (Chariry Number 1139299).
Th¢ Trustees are pleased io present rheir annual re￿rt and the financial sia(emenis for th¢ year ¢nded 31 December 2022.
The financial siatemenis have been prepared underthe accounting policies set oui in notes io the accounts and comply with
the Charity's goveming documeni. the Charities Act 201 l and Stsiemeni of Recommended Practice (SORP)
"Accounting and Reporting by Charities" (FR5 102) (Second Ediiion. effeciive l January 2019). The latter also ¢omplies
wilh the Charity's governing document.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Compwny Number
7453039
Registered Ch¥Tity Nymber
1139299
Prin¢ip¥l *nd
Registered Office
l The San¢tuary
Westhiinsier
London SWI P 3JT
TTU$tees
Th¢ Most R¢v. the Lord Archbishop of Canierbury Justin W¢lby
Andrew Britton (r¢signed l January 2022)
Sandra De Lord
Ri. Worshipful Morag Ellis KC
The Revd. ljeoma Ajibade (appointed 13 January 2023)
Canon David Porter (resigned 13 January 2022)
The Revd. Jesutosin Oladipo
Tomilayo Toluhi (appointed 24 April 2023)
Seerelary
H.J. tkllar
Banker5
National Wesiminsier Bank plc
Argyll House, 24&250 Regeni Street
London
WIB 3BN
Solleliorg
Lee Bolton Monier-williams
l The Sanctuary
Wesiminster
London
SWIP3JTA
Auditors
Haysmacintyre LLP
10 Queen Street Plac¢
London
EC4R IAG
Investment Advisor5
CCLA Inve5tmeni Management Ltd
Senator House
85 Queen Victoria Street
London EC4V 4ET

THE ARCHBISHOP OF CANTERBURY'SCHARrrABLE FOUNDATION
TRUSTEES, REPORT (continued)
FOR THE YEAR ENDED JI DECEMBER2022
STRUCTURE. MANAGEMENT AND 0￿ECTIVEs
The first Trustees after incorporaiion were the pre-exisiing Tntsiees of The Archbishop of Canterbury's Charitabl¢ Trust.
The David50n Bequest TNst: The Holiday Camps & Caravan Sites Mission and The Delrnar TTU5t.
New Trustees are appointed by the Archbishop of Canierbury based on ttcommendation5 made by existing Trustees. Wh¢n
a new member joins the Board of Trustees they are provKded with infomation regarding finances, govemance and
chariiable objectives. Trustees are encouraged to attend appropriate extemal trairting eYent¥ which faciliiate the
understanding of their role.
The Trustees meet as required. In the year of review thrtt of Ihem were based ai Lambeth Palac¢. The Trustees agree ihe
strdiegy of the Foundation. including consideration of grants. investments, reserves and risk rnanogement policies and
perforn)aTrce.
The Trusltts are not remunerated for their service.
The day to day running of the Foundation is in the hands of the Finance Officer at Lambeth Palace.
RISK REVIEW
The Truste¢5 ore rnpon5ible for the rnanagem¢nt of the risks faced by the Charity and conduct an annual risk assessment.
Thi5 involv¢s the ideniificaiion of risks and agreeing any ￿e¢¢5$ary actions to manage or mitigate them. The Trusiees have
carefully Considered th¢ k¢y risk5 to ih¢ Foundation and their iTnpact on future p5an5.
Key risks to th¢ Foundation aTe'.
Loss of financial sustainability due io Tnarket volatility affrfling the investment base of the charity and reducing
th¢ ability to fund Ihe desired l¢vel of grant making progrprnme. This is particularly significant when
considering the current volatility in finan¢io1 mark¢is worldwide, together with changing demands for funding
from the Foundation as a result of incr¢asing ¢conomi¢ and so¢ial hardship CUTrenily affecting much of the
world.
To mitigate against rhis risk as far as is ￿1￿le. given ihar siock market movements are beyond the control of
the Trustees. they utilise specialist charity investhient mana8ers who manage the investment portfolio on a day
io day basis on the Foundation's behalf. The fund managers regularly meet with the Trustees lo discu55 rnark¢t
Irends, portfolio diversity and risk profiling. ethical investm¢nt ¢onsid¢rations and performance against Éndu5try
benchmarks and have been reporting regularly io the Trusiees on the perfomiance of the Foundation's portfolio
during 2022 and have coniinued io do so post year end.
The Trustees have a low appetite for risk. and thi5 is reflecied in the investment wjrtfolio held whi¢h is highly
risk averse and focuses on mainthining regular incorne streams. iogeiher with long iemi portfolio sustainability.
The invesimeni portfolio had decreased in value by £1,511.660 from ihe December 202110 2022 financial year
end, reflecting a sale of inveslments of £ I,(100,O(N) and reali5ed and unrealised losse5 of £511,660 in 2022. Post
year-end, the investments have risen by 60/y, how¢v¢r at the date of signing the account5 there remains much
volatility in global markets, whirh may further reduce th¢ capital b&se of the Charity in the year ahead.
The Foundation ￿￿erIts from a low cost-ba%e. given that it has no staff costs and minimal and predictable
ov¢rh¢ads. Moreover, its grani making programme is digcreiionary which means the Trustee5 are in a strong
FX)Sition io direct grani making ro where it is needed most in a lime of crisis. The investtnent portfolio is highty
liquid allowing the Trusiees io react quickly io requesis by realising investments whenever necessary. Having
iaken advice from their invesiment advisers the TTU51ees are 5ati5fied rhai they have strong re￿rves. and they
should rherefore continue ro focus on long temi su5tainabiliry, holding a balanced low risk ponfolio ihat will
miiigaie as much as possible 8gainsl continuing downturns in financial market5. They will look io maintain
stsble investment reiurn$. miniTnising th¢ risk that financial consttaints would limit anticipated grant making in
the year ahead.

THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION
TRUSTEES. REPORT (¢onlinued)
FOR THE YEAR ENDED31 DECEMBER 2022
RISK REVIEW (¢ontinued)
Grant recipients misuse fund5 received.
To mitigate against this risk the grant applicanrs are subjecr ro ¢ar¢ful r¢view before being awarded fijnding and
are required to report back on the use of iheir funds. RetM)rts on a¢tivity undertaken and outcomes achieved by
grani recipienis are considered in upjates provided at ea¢h Trustee board meeting.
Other key optrgtlon81 ¢ontrols pl#ce Inelude:
fonnal agendas and regular meetings between the Tntstees and administrative staff acting for the Foundation.
fon¥ard planning and budgeiing. with regular management account5 and quarterly reviews of finances. investment
perforn)ance and granr programming:
internal controls over the movement of fvnds and inve$tments.
The Trusiees are satisfied rhat these atTangements enable the major risks to be identified and appropriate steps taken for
their mitigation, alihough it is recognised lh￿ SY￿emS can only provide re&wnabl¢. n£X absolute. as5uranc¢ in this regard.
0￿EcTs
The obje¢t5 of the Charity a5 per its Articles of Association are-
l ) to advan(¢ the Christian religion
2) to advanc¢ Christian education and in particular to promote education in the faith and practices of the Church of
England
3) to promote the religious and other ¢haritoble work of the Church anywhere in the world including through..
a) Relief of poverty and sickness
b) Training for the Ministry
c) Support io ministers artd famtlies
d) Provision of faciliiies for public worship
4) to make grants. provide goods, services and facilities for the charitable purpose5 not inconsistent with objects (l)
10 (3) as the Trusiees may decide from time io time, provided such charitable purpos¢5 are within the meaning of
Ihe Charities Acts.
PUBLIC BENEFIT
The Trustees confim th81 thai ihey have complied wilh the duty in section 17 of the Charities Act 2011 to hav¢ due regard
io public benefit in deierniining ihe aciiviiies undertaken by the Charity. The Chariry has and ¢ontinues to demonsiraie a
numberof area5 of public Eenefit within its core charilable objecrives ofthe advancement of Ihe Christian religion. Christian
education and relief of poverty by awarding 8rant5 as delailed in Me 4 lo the financial sthtemenis.
GRANT MAKING POLICY
The Foundation receive5 a number of enquirie5 for grants which are dealt with initially by th¢ Finance Officer at Lambeth
Palace. If the enquiry tneet5 the grant ¢riierion, the requeM is put io the Tnjsiees who will then con$id¢r and approve (hos¢
grant requests which med the objeciives of the Foundaiion.

THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION
TRUSTEES. REPORT (eontlTrued)
FOR THE YEAR ENDED31 DECEMBER 2022
RESERVES POLICY AND ASSET COVER FOR Fuf4DS
The Charity'5 reserves and the element of them comwi5ed by fixed asset invesknenis ai 31 December 2022 are summarised
below. Full details are set out in Ttote 9.
Other
Rewrves
Filed Asset
Investments
Total Reserves
Unrestrkted Fund8
20.618
3.119294
3.139.912
31 Deeember 2022
20.618
3.119294
3,139.912
31 Deeernber 2021
(100,521)
4,630,954
4,530.433
The Trustees have absolute discretion as io when investments can and should be realis¢d to support th¢ir granl making
programme.
All of the funds held and uiilised by the Foundaiion are unrestricted. Funds held in fixed a$5¢t investments are considered
necessary in order io produce sufficient income so thai the Foundaiion can continue its grant making programme to meet
the Charity's obligations. Funds are also maintained ai a level sU￿1¢ient to manage siock market volatility by taking a total
return view of Ihe invesimeni portfolio over the medium ￿ longer terni. The administrative expendi￿re of the Foundation
1$ minimal and predictable given thai administrative SUPFX)rt is provided by iambeih Pala¢e and the Foundalion employs
no staff of its own.
The Trusiees are satisfied ihai the Foundation has sufficieni resetves to mtti ongoing regular grani payments where rhey
remain relevant and io con5ideroihergrdnr requests asand when ihey arise. provided they fulfil the Charity's key objtttives.
As rhe invesiment portfolio is held only in unrestricied funds it is considered more imponani to have a flexible approach
io funding worthwhile causes than to main￿lnIng reserve5 at a specific level at any given time. The fixed asset invesimenis
are more ihan sufficient to meet anticipated $pendiDg given that investments ¢an be realised at any time to augment this
when considereddesirable. The current level of reserves i5considered adequale and appropriaie for the Foundation's needs.

THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION
TRUSTEES, REPORT(continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
IT4VESTMENT POLICY AND POWERS
The Trustees are authorised to invest in any investment (whether authorised by statute for trust monies or not) a5 if they
were absolutely and beneficially enlitled.
The Foundation hold5 100% of its inveslments in a managed fund. the CBF Church of England Fund. managed by CCLA
Inve51ment Managemeni Ltd and Sei up by ihe Church Funds Investtnent Measure 1958.
The inveslments are held with a view to providing a reasonable total rewrn for the Foundation in the medium iemi, whilst
allowing for an averaging of interim fluctuations and volatility of the markets in the Shorter ierni.
The TTUStee5 are satisfied ihat by adopting a risk averse approach to inves(meni and by iaking a medium io longer te
view on the total return of ihe invesuneni w)rtfolio. its invesiment base. together with the income g¢nerated from IL will
remain sufficient 10 5UPPOrt the future aciiviiie5 of the Foundation.
CCLA works with the Church's Ethical Investment Advisory Group and fully reflect their eihical policies in th¢
Foundaiion'5 investment holdings.
ACHIEVEMENTS AND PERFORMANCE
The Foundation's principal filnding source 15 th¢ in¢om¢ generdted from ils inv¢stm¢nt wjrtfolio. togetheT With a limited
amounl of royalty in¢om¢. Whi151 nol actively seeking donations, it does also receive th¢5e frorn time to time in support of
it5 charitable prioritl¢5. The Trustee5 are ￿1ndful thai ther¢ is a balance to be had between Teali5ing invesiments to fund
grant paym¢nts and maintainin8 a l¢v¢l of inv￿1￿¢￿t that will 8¢n¢rdt¢ 5uffLGieTlt future income lo meet Tegular anticipaied
grpnt commitments.
During the year a ioial of 47 (2021.. 40) grants iotslling £1.369.945 (net= £1.212.192 as described below) (2021.. £620,060,
net.. £607,660) were made by ihe Foundation which mei Ihe Foundation's grani criteria, as detailed irt note 4 to the finan¢ial
statemenis. Of these, 22 grants {2021'.21) ioialling £1.267249 {2021.' £490,600) were made to advance the Christian
Religion: I I grants (2021.. 6) iotalling £5,788 {2021.' £8,0(X)) io advance Christian Education; I I grant512021- 12) totalling
£68,258 {2021.. £121,060) io promote the religious and other charitsble work of the Church. and 3 grants {2021:1) of
£28,650 (2021: £1.000) for charitable purposes under Objea 4.
A grant of £157.753 made in 2021 to The Church Commissioners for work on The Archbishops. Policy Commissions was
reiumed in 2022 as the cosis for this project are now being borne by The Archbishops. Council. The net total of grants is
therefore £1.212.192.
Grants totalling £368,360 {2021- £10,O(X)) were made io the Archbishops. Council in 2022 to support the Archbishops.
Policy Commissions. which are helping to Shape the Church's response lo aspecis of life in the UK ioday. The Policy
Commissions aTe reporting on issues SU￿Ound1ng families #nd hou5¢holds, Social care, and racial justice. encouraging the
Church to consider the role thal it should play for the benefil of S￿Iety in England.
Grants totalling £495,0(K) (2021= £388.000) w¢re made io the Church Commissioners in 2022 for the planning and delivery
of various aspe¢t5 Qf ihe Ar¢hbishop of Canterbury's evangelism ministry and reconciliaiion ministry. Notsbly. this
included 5UPPQrt for ihe Difference Course which explores Chrisiian faiih in a complex and divided world and encourages
relationship building. li also included supprt for ihe new Culwral Witness Cenire. which launched in September 2022 and
works with th¢ologian$ and contempordry thinkers to make the Christian faith beller undetstood in the public arena.
A number of smaller grants are committed io annually where a r￿1plent is considered deseTving of funding over several
years. In addition. the TTU51ees also comrnit large one-off graDls where they believe that thi5 delivers significant publi
benefit in advancing the Christian religion. Christian ¢du￿tiOn or th¢ relief of poverty.
The TTUStee5 are 5alisfied that they have continued io allocaie grants consistertt with th¢ir key objectives and which
deliver significant rALblic bert¢fit. Gsven the level of unrestriaed reserves available to the Foundation ai the year end, the
Charity 15 well placed to continue delivering its mission in fijiure years.

THE ARCHBISHOP OF CANTERBUR Y'S CHARITABLE FOUNDATION
TRUSTEES. REPORT (continued)
FOR THE YEAR Ef4DED 31 DECEMBER 2022
RELATED PARTY TRANSAcfioNS
The majoriry of Tru5tee5 on the Foundation's board are eonneded to the Archbishop of Canierbury through their roles as
senior members of the Ar¢hbishop'$ staff or by their asso¢iation with other organisations established to 5UPPOrt the wo
of the Church of England.
The Arrhbishop of Canterbury's Chariiable Foundotion, the Ar¢hbi$hops' Cowi¢il, the Anglican Consultative Council,
and the A￿hbl3h9P of Canterbury's Angli¢an Cotnrnunion Fund ¢ommon aims to promote the Christian fairh.
The AT¢hbishops' Council is a charity. sei up in law io Co-ordinate. promote. aid and further the work and mi5SlOD of the
Chur¢h of England. It has responsibilities regarding the Synodical govemance and business of the Churrh of England.
The Archbishop of Canierbury is Joint Presideni of the Archbishops, Coun¢il (along with the Ar¢hbishop of York) by
virtue of his Offi¢¢, but there are no other Trustee$ in common with the Ar¢hbishop's Charitable Foundalion. In 2022. 2
grants (2021- 1) totalling £368,360 were made (2021.. £10.1Th))-
The Angli¢an Consuliative Coun¢il 1$ a ¢harity, s¢1 up in law io support the Angli¢an Church worldwide. The
A￿hbISh9P of Cant¢rbury is President of the An81ican Consultative Council and a Trustee of the ¢harity by virtue of his
Office. but ther¢ are no other trust¢es in common. A grani of £5.IKKI was made in 2022 (2021: nil).
The A￿hblShop of Canterbury'5 Anglican Communion Fund is a charity set up in law EO help the churches and provinces
¢Jf th¢ Angli¢an Communion in times of crisis. The Archbishop of Canrerbury is Chair of the Trustees by vimie of his
Offi¢¢, but there are no other trusiees in common. A grant of £5.(XX) was made in 2022 (2021.. nil).
In making grants to ihe Archbishops, Council, the Angli￿7 Consultative Council. and ihe Anglican Communion Fund
for S￿rifIC wrposes. the Trustees of ihe Foundation are satisfied ihat this clearly supports its primary objective to
promote the Christian faith and 10 sirengthen ihe Minis￿ of the Church by ensuring thai key areas of work and ministy
worldwide are supported financially to rnaximise their irnpact.
7 granis (2021: 11) totalling £495.000 (2021.. £388.000) were mjde in 2022 by the Ar¢hbi5htsp of CanteTbury's Charitable
Foundaiion 10 the Church CommissioneTS io SUPPOrt areas of ministry in which the Archbishop of Canterbury 15
involved. Both the Archbishop of CanterE￿ry's Charithble Foundation and the Church C(Trmmi55ioners share common
aims to promore the Christian Faith.
The Church Commissioners ore a sl4tutory orgonisation and a charity r¢gisiered in law to promote the mission and
minisrry of the Church of England. The chU￿h Commissioners are responsible for resourcing Church of England
bishops and archbishops in their mini51ry. The Ar¢hbi$hop of Cant¢rbury is Chair of ihe Board of Governors by vimie of
his Office and Morag Ellis KC is a150 a Chur¢h Commi5sion¢r. Ther¢ ar¢ no other irnstees in common with the
Archbishop of Canterbury'$ Charitabl¢ Foundation.
In making grnnTS to the Church Commissioners for specific pU4N)￿ the Tnjsitts of ihe Foundation are satisfied that
they are promoiing the Chri51iaTh faith by ffsour¢ing and strengihening the Minis￿ of Ihe Church of England.
Fif4ANCIAL REVIEW
The income of the Foundation has been distrbi uied in accordance with the terms and objects of the Charity durÉng the
rinancial year.
The TTUStees consider ihai the Charitsble Foundation's affairs were sati5fa¢tory during the course of. and at the end of the
year.
The Truste¢s ore confident that sufficient funds will be availabk to meet the future nttds of the Chariry.
The Siatemeni of Financial Activities for th¢ year ended 31 December 2022 is set out on page I l and 5how5 total net
outgoing resources for the year of £1 J90,521 (2021.. incoming resources £221.320). The Del Outgoing resourees inelude
realised losses on inveslments of £97,566 end unrealised losses on investmen15 of £414.094 12021.. unrealised g¥ins
£582,169).
The Trustees are satisfied with the net financial position as at 31 December 2022 of £3,139,912 (2021: £4,530.433).
The charity does not engage external fundrni5ing Sery1¢￿ and no ￿mplairtts were received in respeci of its fundraising
activities.

THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION
TRUSTEES* REPORT (eontlnued)
FOR THE YEAR ENDED 31 DECEMBER 2022
GOING CONCERN
The Trusiees are satisfied thai the Foundation ha5 Sufficient re5erve5 to mainiain budgded spending levels and the
flexibility to increase grant spending where desired by utilising its liquid investment base and strong cash reserves. The
Foundation is a going concern and will remain so for the foreseeable futtsre.
PLANS FOR THE FUTURE
For ihe f¢)reseeable fuiure the TNstees ar¢ Committed to ¢Olltinuing a regular grani making programme where such
programmes continue to merit funding, but at the 5pme time remain flexible and open lo making further specific
donations where theTe is a need and provided the grant will 5uppon 5ignifi¢ant public benefit and charitable value th
ouiweighs any potential depletion in the inveslmeni base of ihe Foundation.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees, who are also dir¢ctor5 of th¢ ¢haritabl¢ company, ar¢ responsible for pr¢paring the Tn]stees' Annual Report
and the financial siatements in a¢¢ordan¢e wilh oppli¢abl¢ law and regulations.
Company law requires the dire¢ti)rs to prepare financial $w¢m¢nts for financial y¢aT. Under thai law ihe dire¢iors
have elected io prepare the fin8T5rial slatements in #c¢ordan¢e with United Kingdom Generally A¢cepted Accounting
Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must noi approve
the financial statements unless they are satisfied th￿ Ihey give a Ne and fair view of the srate of affairs of the company
and of the profit or loss of the company for thai year. In preparing these financial statements. the directors are required to..
s¢lect suitable accourtting 5K)licies and then apply them consisienily.
observe the method5 and principles in the Chariti¢s SOIiP-
make judgmenis and accounting estimates that are rea50nabl¢ #Dd prud¢rtt'
• state whether applicable UK Accouniing Standard5 have been followe¢ 5ubje¢t to any material departures
disclosed and explained in the financial slatemenl5;
prepare the financial siarements on rhe going concern basis unless il is inappropriaie to presume thai the company
will coniinue in business.
The directors are reswTrn5ible for keepingadequ*¢ o¢¢owilingre¢ords thai are sufficieni to show and explain the company's
transaciion5 and disclose with reasonable ac¢urn¢y ai any lim¢ the financial p)sition of ihe company and enable them to
ensure rhar the financial statement5 ¢omply with the Companies A¢t 2006. They are also responsible for safeguarding the
assds of ihe company and hence foT taking r¢asonabl¢ steps for ihe prevention and d￿e￿IOn of fraud and other
irregularities.
In so far as the Tws(trs are aware..
there is no relcvant audit inforniation of which the charitable company's auditor is unaware and
the Trustee5 have taken all steps that they ought to have taken to make themselves aware of any relevant audit
inforniation and to estsblish that th¢ auditor is aware of that infomiaiion.
In preparing this report, the Tru51e¢5 have taken advantage of the small companies, exemptions provided by section 4158 of
the Companies Act 2006.
Signed on behalf of the Trusttts on 6 September 2023
T￿stee DA
Trustee
T￿ eEVO. f£ So
IP)

AUDITOR'S REPORT TO THE TRUSTEES OF
THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDA TION
Opinion
We have audit¢d the financial stat¢m¢nts of The Archbishop of Canterbury's Charitable Foundation for the year end¢d 31
December 2022 which compris¢ ihe Staternent of Financial ActlViTie5. the Balance Sheet and notes to the financial
5t8tements, including a summary of 5ignifi¢ant accounting polici¢5. The financial reponing framework that has been
applied in their preparatiort is applioble law and United Kingdom Accounling Standard5, including Financial Reporting
Standard 102 The Finonciol Reporling Siandardappli¢able in ihe UK and Repwblic oflreland (United Kingdom
Generdlly A¢¢ept¢d A¢¢ounting Pra¢ii¢¢).
In our opinion, the finon¢ial stat¢ments'.
give a true and fair view of the stale of the charitable company's affairs as at 31 December 2022 and of the
charitable company'5 net movement in fund5, including ihe income and expenditure. for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practiee. #nd
have been prepared in accordance with the requirements of the Companies A¢t 2006.
Basls for oplnlon
We conducted our audit in accordance wilh International Stsndards on Auditing IUK) (ISAS IUK)) and applicable law.
Our responsibilities underthose siandards aTe further deSCri￿d in the Auditor's resrrfjnsibililies for the auditof the financial
$tat¢ment$ seeiion of our report. W¢ are independent of the Charity in accordanee with the ethieal requirements that are
rel¢vant io our audit of the financial siatemenis in ihe UK. including the FRC'S Ethical Siandard. and we have fulfilled our
oth¢r eihical res￿nSibIlItieS in accordance with rhese requirements. We believe thai ihe audii evidence we hav¢ obtained
is suffi¢ieni and appropriate to provide a basis for our opinion.
Coneluslons relating to going concern
In audiiing the financial siacemenis. we have concluded that ihe Trustees. use of the going concern basis of accounting in
Ihe prepardtion of the financial statements 15 appropriate.
Based on the work we have perfornied. we have not ideniified any m￿erial uncertaintie5 relating to events or conditions
thai. individually or colleciively. May cast significani doubi on the Charl￿ble companls ability to continue as a going
concern for a period of ai least twelve months from when the financial sratements are auihorised for issue.
Our responsibilities and the re$ponsibililies of the tru$tees with respe¢t ¢0 going ¢on¢em are de$¢ribed in the relevani
sections of this Teport.
Other information
The Trustees are responsible for ihe other infoTrnation. The other infonnation rompri5e5 the informalion includ¢d in the
Tru51ees' Annual Report. Our opinion on the finan¢ial 5tai¢ffleniS does noi cover th¢ other inforniaison and, ¢xcept to the
extent otherwise explicitly stated in our report. w¢ do not express any forni of assurance conclusion thereon.
In connection wilh our audit of the financial statements, ourresponsibiliry is to read ihe other inforn)aiion and. in doing 50,
consider whether the other infomiation is maierially inconsisieni with the financial statements. or our knowledge obtained
in the audit or otherwise appears to be materially misstared. If we identify such material inconsistencies or apparent rnaterial
Tfii$5tatemenis, we are required to deiemiine whether there is a material misstatement in the financial statements or a
mat¢rial misstatement of the other infomaiion. If. based on the work we have peTforned, we conclude that there is 4
mot¢ri#l misstatement of this ￿her inforniation. we are required to rewTrrtthat fact. We have nothing to rewrt in this regard.
Opinions on other matters prescribed by the CoThp4ni¢s Art 2006
In our opirtion. based on the work undenaken in the course of ihe audit=
the infomiaiion given in the Trusiees, Annual Report (which includes the strat¢gic reEX)rt and the directors. report
prepared for the purposes of company law) for ihe finan¢ial year for which th¢ financial statements are prepared
1$ consisient with the flnancial staternents- and
Ihe Strategic rep)rt and the directors, report included within the Tru5t¢e5' Arjnual R¢tKTrrt have be¢n prepared in
accordance with applicable legal r4uir¢ment5.

AUDITOR'S REPORT TO THE TRUSTEES OF
THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION (continued)
M&tters on whleh we are requlred to T¢PQrt by ¢i¢¢ptio
In the lighi of the knowledge and understanding of the charitable ¢ompony and its environment obtained in the course of
Ihe audit, we have not identified material rnissiat¢m¢nt$ in the Tn￿¢¢5, Annual Report (which incotporates the strategic
r¢port and the directors. report).
We have noihing to Tepon in respeci of the following mattets in relation io which the Companies A¢t 2006 requires us to
report ro you if. in our opinion..
adequate accouniing records have noi been kepi by the charitable company. or
the chariiable company financial siatemenis are not in agreement with the a￿o￿ntIng ￿ordS and returns. or
¢ertain dis¢losure$ of truste¢s' rernunerJtion specified bylow are nol M￿c. or
we have not received all the infonnalion and explanations we require for our audit. or
the irustees were not entitled to prepare the financial siaremenis in accordance with th¢ small ¢ompanie5' regime
and take advantage of the small companies. exemptions in pwaring the trnsi¢¢s' r¢port and from the requiremeni
io prepare a strategic report.
Respon5ibili¢ie$ oftrustees for lh¢ finan¢ial 5t8l¢m¢Dts
As explaiD¢d more fully in the trustees, responsibili¢i¢s Statement set wt on page 7. the Irustee5 (who are also ihe direciors
of the charitable company for the purwse5 of company law) are re5pon5ible for the preparation of the financial siatemenis
and for being 5atisfi¢d that they give a trye and fair view. and for5uch internal control as Ihe rrusiees dererniine is necessary
¢0 enable th¢ preparation of f￿an￿la1 5tat¢ments that are free from material mi55tatement. wheiher due to fraud or etTOr.
In preparing the finan¢ial siaiements. the twsiees are ￿ponSIble for we55ing the charilable company's ability to continue
85 a going con¢¢rn, di5c195in8. a5 applicabl¢, matter5 related to going con¢eTn and using the going concern basis of
accounting unl¢55 the trusie¢$ eiiher intend ¢0 liquidat¢ the ¢harit#ble rompany or ¢0 ¢e#5e operalions. or have no realistic
alternative but lo do 50.
Auditor's responsiblllt5es for (he audit of the finaneial statements
Our objeciives are ro obtain reasonable assurance about whether the financial sthrements as a whole are free from material
misstatement, wheiher due to fraud or error. and io issue an auditor's report lha¢ includes our opinion. Reasonable assurance
is a high level of assurance bui is noi a guaraniee thai an audit conducted in accordance with ISAS (UK) will always deteci
a material missiaiemeni when it exists. Misstatements can arise from fvaud or error and are considered material if,
individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
[￿egUlarItieS, including fraud. are in5tan¢¢5 of non-¢ompliance with laws and regu14tions. We design procedures in line
with our responsibilities. outlined above. io deieci material misstsiements in respeci of itTegulariiies. including fraud. The
extent io which our procedures are capable of delecling irregulariti￿ including fraud 15 delailed below:
Based on our understanding of the charitsble company and the environment in which il operates, we identified tha¢ the
principal Ti$ks of non-compliance with laws and regulations relared io Charity Law. and we considered the exienr (o which
non.compliance might have a material effed ¢)n the financial 5taiements. We also considered those law5 and regulations
that have a dired impa¢t on the preparation of the financial statements sueh as the Companies Act 2006 and the Charities
Aci2011.
We evaluated management's incentives andopportunitie5 forfraudulentmanipulathon of the financial statements (including
the risk of ove￿Ide of controls). and d¢ternin¢d that the principal risks wer¢ r¢lat¢d to irnproper r¢¢ognition of revenue
and manag¢ment bias in certain accouniing estirnates and judgements. Audit procedure5 perforned by the engagement
team included..
Di5CU5sions with managemeni including consideration of known ￿ suspected insw)¢es of non-wmpliance wilh
laws and regulation and fraud-

AUDITOR'S REPORT TO THE TRUSTEES OF
THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION (contlnued)
Evaluating management's controls designed io prevent and deie¢t irregularities-
Identifying and testing journals. and
Challenging assurnptions and judgemenls made by management in their criti¢al a¢couniing esiimate5 and
challenges to ihe underlying as$umptions.
Because of the inherent limilations of an audiL th¢rt 15 a risk that we will noi detect all itTegularities. including those
leading to a material missiatemeni in ihe financial stsiements or non-complian¢¢ with regulation. Thi5 risk increases (he
more thai complianc¢ with o law or regulation 15 removed from the events and transactions reflecied in the finan¢ial
statemenis. as we will be less likely to become aware of instances o( non-complianc¢. The risk 15 also greater regarding
irregularitie5 o¢¢urring due to fraud rather than ernK, as fraud involves intentional concealment, forgery, collusion.
omission or misrepresentation.
A further des¢ription of our re5ponsibililies for the audit of the financial St￿eMen[S is locaied on ihe Finartcial Reporting
Coun¢il'5 web$iie at- www
ilities. This de5CriPtion fom)s part of our auditor's reTK>rt.
Use of our report
Thi5 report 15 made solely to the ¢harit4ble company's rnembers. as a body, in accordance with Chapter 3 of Part 16 of the
CoTnpanies Act 2(M)6. Our audil work has ￿¢¢n und¢rtyk¢n so that we might state io the charitable company's members
Ihose matters we are required io slat¢ to theln in ¥n Audilovs rrpoTt and for no other PUTP05e. To ihe fijllesi exieni perniitted
by law, we do not acttpi or assume responsibility to anyone other than the charitsble company and the charitable company's
m¢mber$, as a body, for our audit worl for this report. or the opinion5 we have f¢)rnied.
Adam Halsey (Senior Statutory Auditor)
For and on behalf of Haysmacintyre LLP. Ststutory Audiior
l O Queen Sireei Place
London
EC4R IAG
Date.. 20 September 2023
10

THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIFS
INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
Genernl
Unrestricted
Fund
Total
Funds
2022
Tot41
Fund5
2021
Notes
In¢ome from:
Donali(pn5 & Legoei¢f
Donalions received
222.705
222.705
128,398
Oiher trading acfivilies
Royalties
8,657
8.657
3,734
Jnveslmenls
Interest received
Income from asseis
26
117,301
26
117.301
67
17,681
Total
348.689
348,689
249,880
Expendlture on:
Charitable activities
1227.550
1227.550
610.729
Total
1227.550
1227.550
610.729
Realised
investments
Unrealised Ilosses)Igains
on investments
losses
(97.566)
(97,566)
(414.094)
(414.094)
582.169
Ner
1105se5)18ain5
investments
1511.660)
(511,660)
582,169
Net {ExFenditure}Ancome
(1.390,521) (1,390,521)
221,320
Net rnov¢ment in funds
Reconciliation of funds:
Income funds blf
{1,390.521) (1.390.521)
221.320
4.530.433
4.530.433
2.249.683
Capital funds blf
2.059,430
Funds ¢arried forward
10
£3.139,912
£3.139,912 £4,$30,433
All transactions are derived from continuing acrivities.
All gains and losse5 recogni5ed in the year are included in ihe Statement of Financial Activities.
The compardrive figures for the comparative p¢rithl have been presented under SORP (FRS102) in Noie 12
The noies on pages 13 to 21 foTm part of th¢se fthancial sthiements.

THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOU]YDATION
BALANCE SHEET
AS AT 31 DECEMBER2022
COMPANY NUMBER 7453039
2022
2021
Note5
FIXED ASSETS
Invesiments
3.119294
4.630,954
CURRENT ASSETS
Cash ai Bank
Debiors
527.318
188,148
527.318
188,148
LIABILITIES
Creditor5'. Amounts fullillg du¢ wiihi
one year
(506.700)
(288,669)
NET CURRENT ASSET￿{LIABlLvTlES)
20.618
(100.521)
TOTAL NET ASSETS
£3.139.912
£4,530,433
FUNDS
9.10
Unrestricted fund5
General
3.139.912
4,530.433
TOTALCHARITY FUNDS
£3.139.912
£4,530,433
These financial stai¢menis are prepared in accordance with the special provision5 of Part 15 of the Companies A¢1 2006
relating to small ¢ompani¢s.
The financial sratement5 were approved and authorised for issue by the Boord of th¢ Tn￿E¢e5, and sign¢d below on its
behalf on 6, September 2023 by-.
Twa¢¢ LE Loe4)
rustee
The nores on pages 13 19 21 fonn an integral part of these financial statements
12

THE ARCHBJSHOP OF CANTERBURY'S CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUNTING POLICIES
General Infornation and basis of preparatlon
Th¢ Archbishop of Canterbury's Charitable Foundation is a company limited by guwantee and is registered with the
Charity Commissioners (Charity Registered Number 1139299) and Registrar of Companies (Company Regsstraiion
Number 7453039) in England and Wales. The Chariry is a company limited by guaranttt and has no share capital.
In the ¢v¢nt of the Charity being wound up. the liability in respeci of ihe guarantee is limited io £ I per member of the
Charity. The address of the registered otTice is given in ihe Chariry infomiaiion on page l of these financial
statements.
The financial staiemenis have been prepared in accordance with Accounting and Reporting by Charities.. Staternent
of Recommended Practice applicable io chariiies preparingtheir accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) {Chariiie5 SORP Second EdiTion, effective I
January 2019), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the
Companies Aci 2006.
The Archbishop of Canierbury's Charilable Foundation meets the definition of a public benefit entity under FRS102.
Assets and liabilities are initially recognised at historical c05t or transaction value unless oiherwise slated in the
relevant accounting policy notes.
Going Con¢ern
In light of the available reserves and highly liquid invesknent pirtfolio. as detailed elsewhere in these accounts. rhe
Trusiees consider there are no maierial un¢effainties al￿￿1 the Charity's ability io continue as a going concern.
Judgements and e51im8t¢s
Judgements made by ihe TTUStee$ im the appli¢8tion of these accounting policies that have significani effect on Ihe
financial stateTnents and estimates with a significant risk of material adjusllnent in the nexT year are deemed io be
in relaiion to the valuaiion of inv¢stsnents and are discussed below.
Incorne Re¢ognition
IncoJne represents inv¢siment income. grants & donations and other sundry income. All income is recognised once
the charity has eniitlemeni io income: it is probable thai income will be received. and the omount of in¢om¢ re¢¢ivable
¢an be measured reliably.
Expendlture
Expenditure is accounted foron an accwals basisand has been classified underh¢adin8s Ihai a88regaie all cost related
to the caiegory.
Charitable Activitie5
Direct charitable expendi￿re represents grants for th¢ ￿rth¢￿)Ce of the objects of the charity. Grants are recogni5¢d
in the accouTris when awarded by the Trust¢es and the offets are conveyed to the recipients. The grdnts are awarded
at the discretion of the Trust¢¢s within the objects of the charity.
Govern4n¢e Co$t$
Governan¢¢ ¢ost% romprise all costs ideniified as wholly or mainly altributable to ensuring the public ae¢ountability
of the ¢harity and its Compliance wilh regulation. Governance costs are now 8p[￿lOned to the charitable activities.
Investments
Investmenrs are included in the financial slatements ai market value ai the balance sherf date. Realised and unre?li5ed
gains and losses on revaluation and di5P0541s o¢¢urring in the year are reponed in the Stsiement of Finan¢ial
Activities.
13

THE ARCHBISHOP OF CANTERBURY'S CHARJTABLE FOUNDATION
NOTES TO THE FINANCIAL sfATEMENTS {¢ontinued)
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUNTING POLICIES (eontithued)
Realised galns and losses
All gains and losses are iaken io the statement of financial activities as they arise. Realised gains and losses on
invesrments are calculated a5 the difference between sale proceeds and opening market value {purchase dale if
later). Unrealised gains and losses are calculaled as the difference between the market value at the year end and
opening market value (purchase date if later).
Funds
General Unrestricted Funds are unrestricted funds which are available for use at the discretion of the TnJ5tees in
furtherance of the generdl objectives of ihe charity and which hav¢ noi b¢¢n d¢sigDJt¢d for other putP05es.
Unresiricied Designated Funds comprise unrestricted fvnds that have been Set aside by the Trustees for particular
purposes. The Foundation held no Designaled funds in ihe CUTrent year of review.
Financial instruments
Basic financial insThuments are initially re¢ognised at transaction value and subsequently measured at arnorti5ed
cost with the exception of investment5 which are held at fair value. Finan¢ial ossets held at amorti5ed ¢ost ¢ompri5e
cash at bank and in hand. logether wilh trade and other debtors. A spe¢ifi¢ provision is Tnade for debts foT which
recoverability is in doubt. Cash at bank and in hond is defined 0$ all rash held in instant a¢ce5s bank o¢¢ount5 and
used as working capital. Financial liabilitie5 held ￿ wnortised CO￿ ¢ompris¢ all Creditors except w¢ial se¢uriry and
other taxes.
Cash at bank In h¥nd
Cash at bank and cash in hand in¢ludes ￿$h and short terni highly liquid invesnnents.
Credltor5 and provisions
Cr¢ditors and provisions are recognised where Ihe charity has a present obligation resulting from a past event ihat
will probably result in rhe iransfer of fijnds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provisions are nomially recognised at iheir settlement amount after
allowin8 for any trade discounts due.
TAXATIO
As a regisiered chariry. the Foundation is potenlialty exempt from taxation on its incomE and gain5 falling within
s505 Income & Corporation Taxes Act 1988 md $256 Taxation of Chargeable G#ins Act 1992 to th¢ extent that
ih¢se are applied io its chariiable purpose5. No tax charge aris¢n in the year.
L)ONATIONS & LEGACIES
2022
2021
Donations from charitable org¥ni5atLolls
Other donations
161,050
61.655
105.000
23.398
Total
£222,705
£128,398
14

THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS l¢otttinufd)
FOR THE YEAR ENDED JI DECEMBER 2022
GRANTS
The Foundation does not run any chariiable project of its own. Instead, it supports a number of ¢haTities which are
actively engaged in furtherance of objects similar io those of th¢ Foundation by grant funding. A detailed analysis of
these grants, the re¢ipients and the ¢auses that were fvnded during the year is included below:
Unre5tri¢t¢d
2022
Unrolricted
2021
To advance the Chrisiian religion (Object l)
To advance Christian education (Object 2)
To promote the religious & other charitable work of
the Church (Objeci 3)
Charitable Purposes {￿Je¢t 4)
1.109,496
5,788
488,100
8,000
68,258
28,650
500
Total granis
Charitable Support Costs (Noie 5)
1.212.192
15.358
607.660
3,069
£1.227.550
£610,729
Further deiails of ihe charitable aciivilies supported by the grants made in the year are given in the Trustees, Rep)rt.
15

THE ARCHBISHOP OF CANfERBURY'S CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
FOR THE YEAR ENDED 31 DECEMBER 2022
4. GRANTS {¢ontlnued)
The following charilable institutions were Sup￿rte{l by the above grants=
2022
21)22
To odw7nce ihe Chrlsil¢Tn rellzion fObJ.l)
To adwnce Chrlsllan educailon fobj. 2)
The Archbishops, Council
Anglican Centre in Rome
Chemin Neuf Community
368.360
47.000
27.889
Grants under £5.000
5,788
Total
£5,788
Internal Province of Ghana
Church Pastoral Aid
10.0
To promoie ¢he religious ondoiher
chariiable work Dllhe Churc
(Obj.3)
Anglican Church of Bunjndi
Barnabas Fund
Church Commi55ioners
Diocese of Colombo
The Archbishop of Canterbury's
Anglican Communion Fund
Anglican Church Mozambique
Anglican Consultative Council
Gran15 under £S.000
All Saints Peshawar
ChuTch Commissioner5
Coventry Diocese
Episcopal Diocese of Ayod
Ministry in Sub Sahardn Africa
5.000
475.000
30.000
10,000
22,000
10.000
5.000
20.000
10,000
5.000
The Lambeih Conference
Faith in Later Life
Diocese of Central Tanganyika
250,000
10,0
5.000
5,000
8,258
2021 Church Commrs grant returned
(157.753) Total
11 £68,258
Totsl
22 £1,109,496 Ch&ni&ble Purposo (Obh4)
Near Neighbours
Grants under £5,000
25,000
3,650
Totsl
£28,650
Total Grants
47 £1,212,192
Of the grdnts under Object 2, 10, ioialling £3.788. We￿ paid io individuals.
16

THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {e0nt1n￿ed)
FOR THE YEAR ENDED 31 DECEMBER 2022
GRANTS (continued)
COMPARATIVE 2021
The following Charitable institutions were sUPP)rted by the above grants..
2021
2021
Tt? 4dwiice the Chrislian relizion (Obfvlj
ro adwiice Chrlsilttn eduetsilon (Obl 2)
The Arehbi5hops' Council
Anglican Centre in Rome
Chemin Neufcommunity
Religion Media Cenlre
Diocese in Europe
Church Pasioral Aid
ACC - UN Observer
The Church Commissioners
10,0
47,0(Kl
27,6(Kl
s.oc￿)
S.OLKI
7.OLKI
15.0(X)
317,
Grants Under £5.000
8.000
Total
£8.OiKI
Topronwleihe religlous oiidolher
cliarilfjble work olihe Church {ObJ. J)
Coventry Diocese
Diocese of Centrdl Tanganyika
Ministry in Sub Saharan Africa
Sou(hwark Eco Church
Grdnt5 Under £5,000
10.0
10.0
20,000
15,000
2,000
The Church Commissioners
Bishop Ezekiel
Feeding Britain
Diocese of Beni
Episcopal Church South Sudan
Amos Trust
Grants Under £5,0
71,000
5,000
15,000
6,000
10,000
10,000
4,060
2020 Grant written back
(2,5(KJ)
Total
21 £488,100
2020 Grant written ba¢k
(10.000)
Total
12
£111,060
Charltable Purposes {ObS. 4)
Grdnis Under £5.000
2020 Grani written back
l.O(K)
(500)
Total
£soo
Toi*l Grants
40
£607,660
The Six grdnts under object 2 were made ￿ individuals.
17

THE ARCHBISHOP OF CAl￿ERBURY.s CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {¢ontinucd)
FOR THE YEAR ENDED JI DECEMBER2022
CHARITABLE SUPPORT COSTS
2022
2021
Other Support costs
Governance cosis..
Auditors. remuneration
Independent Examiner's remuneration
Prior year over provision (credited back)
A¢courttancy fees
745
489
12,000
,560
11,680)
2,700
2.613
£15,358
£3,069
STAFF COSTS
Th¢ Charity does noi hav¢ any ¢mploy¢es.
INVESTMENTS IN CHARITABLE FUNDS
Listed rnanaged
Funds
Total
2022
Total
2021
Market value at l January 2022
Disposal proceeds
realised loss on disposal
unrealised (lossygain on revalu*ion as at 31
December 2022
£4.630,954
11.{￿,000)
(97,566)
£4,630,934
11,000.000)
(97,566)
£4.048,785
(414.094)
(414.094)
582.169
Markei value as ai 31 December 2022
£3,119.294
£3,119,294
£4,630,954
Hi5torieal Cost as a(31 December 2022
£1 J08284
£IJ08,284
£1,649?80
The Foundation's unlisted investments are holdin8s in the CCLA CBF Church of England Investtnents and Fixed
Interest Securilies Funds Income Shares. They are shown at their published bid market value based on the market
values of the Funds. assets.
CREDITORS: Amounts dut within one ye*r
2022
2021
GTani ¢rediiors
A¢¢Ned exp¢nses
492,(MH)
14,700
284,409
4.260
£506.700
£288.669
18

THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION
NOTESTO THE FINANCIALSTATEMENTS (contlnued)
FOR THE YEAR ENDED 31 DECEMBER 2022
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricfedl Unrestrictedl
Total Funds
Total Funds
21122
2021
Represented by:
Investments
Current assets
Current liabilities
3.119.294
527,318
1506.7CKII
4.630,954
188,148
{288,6691
Fund balances 8131 December 2022
£3,139.912
£4,530,433
UNRESTRICTED
FUNDS
Balant¢
l*net
31
l J*iuary
2022
Dttemb¢r
Expend.
InYestm¢nts
2022
Gtntrgl Fund
4.330.433
34&689 {1227.5501
1511.6601
3.139.912
Totgl unres¢rbrted fund5 £4J30A33
£348,689 1£1327J501
{£511ffj601
£3,139,912
Each year a budget is drawn up of th¢ annual commim)enr5 (grants). The Trusttts aim to keep the regular Committed
expenditure within the expeued incom¢. Any other larger or one-off additional grants are paid from the accurnulat¢d
unspent general fund.
19

THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {con¢inued)
FOR THE YEAR ENDED 31 DECEMBER2022
10. FUIYDS l¢ontinu¢d)
COMPARATIVE 2021
BAIAAce
l Jsnu*ry
2021
Glin on
Investments
31 December
2021
In¢0￿¢
Exptrtd.
Trinrf¢rs
GtneT*I Furtd
1249,683
249.880
1610.729)
2,039.430
582.169
4.530.433
D¢$lg••ted fu4d$
Capital fund
2.059,430
12.059.430
Tot#1 uDrestrid¢d fvn
£4J09.113
£249M)
£161Q7291
£S82.169
£4J30.433
In 2021 the Trustees resolved (o remov¢ the designation of the ¢apital fund and io rel¢w this back io the gen¢ral fut)d. This is
refle¢ied in lh¢ funds irnnsf¢r itK*ve.
I I. TRANSACTIONS WITH TRUSTEES AND THE CHARITY
Any connections beiween ihe Foundaiion and cenain specified donors and grant recipien(s are explained in detail in
the Trusttts. Rew)rt on page 6 (Relaied Party Trdnsaciions). The TNstee5 are sarisfied th￿ Ehe connected entities
have charitable aims in common with ihe FoUnd￿lOn and there are no conflicts of interesr arising from ihese
¢onn¢ciions ihai prevent ihe Foundaiion from providing public benefii and fulfilling its chariiable pU￿ose$.
There were no payments io or receipts from Trustees of the Found*ion. nor have the TThslees received any
remuneration or reimbursement of expenses in the CUTrent or previou5 year.
20

THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION
NOTES TO THE FIIYANCIAL STATEMENTS (Cothtlnued)
FOR THE YEAR ENDED31 DECEMBER 2022
12. COMPARATIVE SOFA (CHARITJES SORP)
General
Unre51ricted Total
Unr¢$tri¢ied Designated
Funds
Funds
Funds
2021
Not¢5
Income from:
Donaiion5 & LegacieJ
Donations re¢eived
128.398
128.398
Oiher irading o¢livilieJ
Royalties
3.734
3.734
ljvvesimenls
Interest r¢c¢ived
Income from Ossets
67
117,681
67
117,681
Tol31
249.880
249.880
ExpeNdit￿re on:
Charitable activities
610.729
610.729
Total
610.729
610.729
Realised
invesiments
Unrealised gains on
inv¢stm¢nis
gains
582.169
582.169
Net gain5 on investments
582.169
582.169
Net Income
221,320
221.320
Transfer of Fund$
10
2,059.430
(2.059,430)
Net movement funds
Re¢on¢illatlon of funds:
2.280.750
(2.059,430)
221.320
Income funds blf
Capital funds ￿r
2,249,683
2249,683
2.059,430
2,059.430
Funds carried forward
10
£4JJO,433
£4J30.433
21