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2021-12-31-accounts

Anglican Alliance

(A Charitable Company limited by guarantee)

Report and Financial Statements

for the year to

31st December 2021

Registered Charity No. 1151992 Company No. 08345096

Anglican Alliance Report and Financial Statements for the year to 31st December 2021

Contents

Reference and Administrative details of the Charity, its Trustees and Advisors.............1

Officers of the Anglican Alliance.................................................................................................2 Annual Report of the Trustees.....................................................................................................3 Independent Auditor’s Report to the Members of the Anglican Alliance..........................9 Statement of Financial Activities...............................................................................................13 Balance Sheet.................................................................................................................................14 Notes to the Financial Statements............................................................................................ 15

Anglican Alliance

Reference and administrative details of the charity, its trustees and advisors

Constitution

The Anglican Alliance is a charity registered in England and Wales, registration number 1151992 and a company limited by guarantee, registration number 08345096. It was established by constitution subscribed to on 21 December 2012. The charitable company started its activities on 1 April 2013 upon transfer of the net liabilities from The Anglican Consultative Council (The ACC).

Trustees

Those acting as Trustees during the year to 31 December 2021 and to the date of signing this report were the following:

The Most Revd Albert Chama (Chair) The Rt Revd Alastair Redfern (Vice Chair) The Rt Revd Andrew Chan The Ven Joseph William Kofi Degraft-Johnson The Rt Revd Hemen Halder Mr Michael Hart The Revd Gillian Hoyer The Most Revd Dr Josiah Idowu-Fearon Ms Bev Jullien Canon Andrew Khoo Ms Lina Magallanes The Most Revd Julio Murray Ms Abagail Nelson Revd Canon Flora Winfield

1

Officers of the Anglican Alliance

Chair The Most Revd Albert Chama
Vice Chair The Rt Revd Alastair Redfern
Chair of the The Rt Revd Alastair Redfern
Finance and General Purposes
Committee
Treasurer Mr Michael Hart
Executive Director The Revd Canon Rachel Carnegie
Registered Office St Andrew’s House
16 Tavistock Crescent
Westbourne Park
London W11 1AP, UK
Auditors Mazars LLP
Chartered Accountants & Statutory Auditors
6 Sutton Plaza
Sutton Court Road
Sutton, Surrey, SM1 4FS, UK
Solicitors Winckworth Sherwood
16 Beaumont Street
Oxford OX1 2LX, UK
Bankers The Royal Bank of Scotland Plc
49 Charing Cross
London, SW1A 2DX, UK

2

Annual Report of the Trustees

The Trustees are pleased to present their Report and Financial Statements for the year to 31 December 2021.

Structure, Governance and Management

The Anglican Alliance is based at St Andrew’s House, London. The Executive Director reports on progress to a Board of Trustees (who are also Directors for the purposes of Company Law) that meets at least three times per year. The Board delegates some responsibilities to a Finance and General Purposes Committee that also meets at least three times per year. The Audit and Risk Committee also meets annually. Procedures have been put in place to ensure that the Trustees are made aware of their responsibilities at their first meeting. The Trustees consider the Board of Trustees and the Executive Director comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis.

Public Benefit

The object of the Charity is to benefit the public by bringing together the development, relief and advocacy work of the Churches of the Anglican Communion worldwide and the agencies associated with them grounded in Christian faith to support the poor and oppressed people of the world.

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 Board of Trustees reviewed the risk register. Procedures have been introduced to manage and reduce the risks identified, and further reviews take place regularly. An Audit and Risk Subcommittee meets once per year and on an ad hoc basis as required.

The charity concluded the 2020 year with a modest surplus in unrestricted funds. The Trustees have continued this focus into 2021, and budgets include plans to further increase the surplus to build a working reserve, with a target of 25% of annual turnover achieved.

The Executive Director and Board continue to focus on establishing a viable set of funding streams through 2022 and beyond. The main exposure relates to foreign exchange movements, as some income and costs, including overseas salaries and activities are denominated in US Dollars. This risk is managed with prudent expenditure plans to allow for currency fluctuations, and regular reviews to ensure action is taken to reduce expenditure in the event of unforeseen cost increases or income reduction. The potential pressures of global and national financial challenges due to the pandemic and current conflict in Europe are being closely monitored, with conservative budgeting moving forward to build financial resilience.

Throughout 2021 the Board reviewed the resilience of the Anglican Alliance operationally and financially in relation to the risks and consequences relating to the Covid-19 pandemic. The most significant risks lay in two areas. The first related to the operational challenges, with lockdowns and travel restrictions making international visits, in-person training and consultations impossible at this time. These challenges were largely mitigated by moving the Alliance’s global operations online, which has worked successfully and has indeed added to the global connectedness and operational value of the organisation. The second risk related to potential pressures on income streams from 2022 onwards, with an extended exit from the pandemic, and other unforeseen global pressures, bringing a global recession or financial crisis. This

3

has been mitigated in part by the reduced costs resulting from the new online operating model, which will remain significantly in place post-pandemic. The COVID-19 pandemic has also demonstrated the added value of the Anglican Alliance and in that context the Executive Director and Trustees are working to secure full funding for the coming years. The Board will continue to review closely the financial projections to make the necessary budgetary provisions for 2023 onwards.

Objectives, Achievements and Activities

The Anglican Alliance brings together the Anglican family of churches and agencies to work for a world free of poverty, inequality and injustice, to raise the voices of the vulnerable, to reconcile those in conflict, and to safeguard the earth. The role of the Anglican Alliance is to connect and share capacity, skills and resources across the worldwide Anglican Communion, present in 165 countries, to support its work in development, relief and advocacy. This global reach gives the Anglican Alliance work significant scale and potential.

In 2021 the income sustained the planned programme of activities and supported the increasing demand for the Anglican Alliance’s services due to the ongoing pandemic. The Anglican Alliance is able to leverage outcomes beyond is modest resources as it brings together the human capacities, church assets and financial means of Anglican churches and agencies across the world, sharing resources and expertise in collaborative effort.

In 2021, significant outcomes were achieved across the three pillars of the Alliance’s work: relief, development and advocacy. The pandemic required the organisation to reorient its planned activities in early 2020 to focus its resources on supporting the worldwide Anglican Communion’s response to Covid-19. This continued throughout much of 2021. Based on the on-going strategic plan, the Alliance developed a response framework for responding to the pandemic, guided by a global Covid-19 Task Force which the Alliance established in March 2020. This continued to meet monthly throughout 2021 and is now reconfigured to focus on recovery.

The report on 2021 activities is structured around the three pillars of the Anglican Alliance’s work: Relief & Resilience; Development; and Advocacy. Thematically these three pillars all interconnect.

Relief and Resilience:

The Anglican Alliance adds value by building disaster resilience and coordinating humanitarian 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. In early 2020 the Alliance reoriented its staff, resources and networks to respond to the Covid-19 crisis. With the pandemic continuing throughout 2021 this core focus continued.

Covid-19 Response

4

Other areas of activity on Relief and Resilience

Development:

Here the Anglican Alliance adds value by connecting and equipping churches and agencies across the Communion for sharing learning and skills and building joint strategic initiatives. The Anglican Alliance does not fund projects, but works to link, leverage joint assets and build coalitions. Highlights in 2021 included:

Environmental and Climate Justice

Safe Migration and Human Trafficking

Asset-Based Church and Community Transformation

5

Advocacy:

Here 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 with ecumenical and other partners for joint advocacy at global levels. Highlights in 2021 included:

Covid-19

Environmental justice

Current situation of the Alliance

The Anglican Alliance has now been operating for over eleven years. During this time, it 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.

The experienced Executive Director has been in post since 2014 leading a small secretariat in the UK and a team of regional facilitators around the world, with a Senior Adviser based in Africa. Since the start of the pandemic, staff have been working from home, but have remained closely connected online, potentially enabling even more effective global teamwork. The staff numbers are small, but the range of active participants in the Anglican Alliance’s activities, from churches and agencies around the worldwide Communion, is significant and ever growing. Its regional facilitators play a key role, along with the UKbased Secretariat, in gathering forums to guide and support collaborative learning and action.

The Charity has been able to conclude the 2021 financial year with a further small surplus in unrestricted funds as it continues to build up modest reserves.

Having been born out of the Lambeth Conference 2008, the Anglican Alliance’s mandate will be reviewed and refreshed through the Lambeth Conference in 2022 and the next Anglican Consultative Council in 2023.

As a platform for the development, relief and advocacy initiatives of the worldwide Anglican Communion, the Anglican Alliance serves to connect this work at a global level with a range of external partners, including other faith based agencies and UN bodies. This adds value by building relationships and trust which help to broker partnerships for churches at the country level.

Donations in Kind

Reference has been made in this report to contributions from various quarters to the work of the Anglican Alliance. Some contributions have been financial, others in the form of the provision of personnel or facilities, as Anglican churches, charities and agencies around the world participate in Anglican Alliance activities. Among these donations in kind is office space for the Anglican Alliance at

6

the Anglican Communion Office, and donated staff time from employees of the Anglican Consultative Council.

Grant-making Policies

The Anglican Alliance 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. However, the Anglican Alliance is not primarily a grant-making body and makes very few grants.

Financial Report for the year to 31 December 2021

The activities of the Anglican Alliance began as a restricted fund of The Anglican Consultative Council (charity number 1137273) in 2011. The Anglican Alliance was incorporated as a company limited by guarantee on 2 January 2013 and registered as a charity on 10 May 2013. The first Report and Financial Statements of the new charitable company were for the period ended 31 January 2014. This, the eighth Report and Financial Statements are for the year ended 31 December 2021.

The financial statements comply with the Charities Act 2011 the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS102) (effective 1 January 2019).

The Balance Sheet sets out the overall financial position of the Anglican Alliance at 31 December 2021. 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 2021 (Reserves) were £225,749 (2020: £190,158).

Cash balances were £236,232 (2020: £194,980) as set out in the Statement of Cash Flows which accompanies these financial statements (Note 9). This reflected the fact that income exceeded expenditure during the year.

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.

The General Fund generated net income of £30,586, and had a balance at 31 December 2021 of £102,148 (2020: £71,562).

The Restricted Fund Balance at 31 December 2021 was £123,601 (2020: £118,596) of which the major constituents were the Covid-19 response, Human Trafficking, and Church and Communities Transformation.

Reserves Policy and Going Concern

At the end of December 2021, the balance on General Fund was £102,148 (2020: £71,562) and the balance on Restricted Reserves was £123,601 (2020: £118,596). The balance of free reserves as at 31 December 2021 were £100,805 (2020: £69,427).

7

The Trustees are pleased to report a continued net surplus following careful cost control and negotiation with donors to permit restricted grants to contribute towards core costs. The Board is confident that the Anglican Alliance is a going concern in view of these facts.

Core budget costs (including any staff costs which are paid from Restricted Funds) are of the order of £300,000 per year and over 90% of these costs are associated with employment of staff. The Trustees’ policy is to establish unrestricted reserves sufficient to cover three months of operating costs of around £75,000, as it is risky for Trustees and staff to enter into obligations and contracts where the obligations are not currently covered by free reserves.

Trustees’ Responsibilities 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:

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, Mazars LLP, have signified their willingness to continue in office.

Approved by the Trustees and signed on their behalf by:

The Rt Revd Alastair Redfern Vice Chair

Date: 8/20/2022

8

Independent auditor’s report to the members of Anglican Alliance

Opinion

We have audited the financial statements of Anglican Alliance (the ‘charity’) for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the 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:

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 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 charity'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.

9

Other information

The other information comprises the information included in the annual report of the trustees, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report of the trustees. 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.

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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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:

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors report included within the annual report of the trustees.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

10

Responsibilities of the Trustees

As explained more fully in the trustees’ responsibilities statement on page 8, the trustees (who are also the directors of the charitable company for the purposes of company laws) 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 charity’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 charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

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 the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

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.

Based on our understanding of the charity and its industry, we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements: employment regulation, health and safety regulation, anti-money laundering regulation, non-compliance with implementation of government support schemes relating to COVID-19.

To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to:

• Inquiring of management and, where appropriate, those charged with governance, as to whether the charity is in compliance with laws and regulations, and discussing their policies and procedures regarding compliance with laws and regulations;

• Considering the risk of acts by the charity which were contrary to applicable laws and regulations, including fraud.

11

We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation, pension legislation, the Companies Act 2006 and the Charities Statement of Recommended Practice.

In addition, we evaluated the trustees’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of management override of controls, and determined that the principal risks related to income recognition and significant one-off or unusual transactions.

Our audit procedures in relation to fraud included but were not limited to:

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of the audit report

This report is made solely to the charity’s members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members those matters 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 anyone other than the charity and the charity’s members as a body for our audit work, for this report, or for the opinions we have formed.

Signed: Nicola Wakefield (Sep 20, 2022 17:55 GMT+1)

Name:

Nicola Wakefield (Senior Statutory Auditor) for and on behalf of Mazars LLP Chartered Accountants and Statutory Auditor

2[nd] Floor, 6 Sutton Plaza, Sutton Court Road, Sutton, Surrey, SM1 4FS

Date 20-Sep-2022

12

Anglican Alliance

Statement of Financial Activities for the year ended 31 December 2021

Notes
Income
Donations
Anglican Agencies &
Charities
Anglican Consultative Council
Compass Rose Society
Donations
Total Income
Expenditure
Expenditure on charitable activities
Development
Relief
Advocacy
Capacity building
Regional meetings
Total Expenditure
3
Net Income/(expenditure)
Transfers between funds
Net movement in funds for
the year
10
Reconciliation of funds
Total funds brought forward
Total funds carried forward*		 Unrestricted
Restricted
Total 2021
Unrestricted
Restricted
Total 2020
£
£
£
£
£
£
111,492
176,242
287,734
155,356
113,051
268,407
58,762
-
58,762
58,536
58,536
-
35,192
35,192
-
33,284
33,284
-
-
-
714
-
714
170,254
211,434
381,688
214,606
146,335
360,941
39,443
1,374
40,817
54,823
10,918
65,741
52,592
97,439
150,031
73,101
56,284
129,385
13,148
47,123
60,271
18,274
46,475
64,749
27,466
64,010
91,476
36,932
55,570
92,502
3,502
-
3,502
1,890
-
1,890
136,151
209,946
346,097
185,020
169,247
354,267
34,103
1,488
35,591
29,586
(22,912)
6,674
(3,517)
3,517
-
-
-
-
30,586
5,005
35,591
29,586
(22,912)
6,674
71,562
118,596
190,158
41,976
141,508
183,484
102,148
123,601
225,749
71,562
118,596
190,158

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 operations.

The charity has no recognised gains or losses other than the net movement in funds for the year shown above.

13

Anglican Alliance (Company No. 08345096) Balance Sheet as at 31 December 2021

Notes Unrestricted Restricted Total 2021 Unrestricted Restricted Total 2020
£ £ £ £ £ £
Fixed Assets
Office equipment 6 1,343 - 1,343 2,135 - 2,135
Current Assets
Debtors 7 3,894 20,000 23,894 15,800 8,561 24,361
Cash at bank and in hand 130,766 105,466 236,232 83,496 111,484 194,980
Total Current Assets 134,660 125,466 260,126 99,296 120,045 219,341
Current Liabilities
Creditors amounts falling
due within one year 8 33,855 1,865 35,720 29,869 1,449 31,318
Net Current Assets 100,805 123,601 224,406 69,427 118,596 188,023
Total Assets less Current Liabilities 102,148 123,601 225,749 71,562 118,596 190,158
Net Assets 102,148 123,601 225,749 71,562 118,596 190,158
Funds of the Charity 10 102,148 123,601 225,749 71,562 118,596 190,158

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;

The Rt Revd Alastair Redfern Vice Chair

Date:

8/20/2022

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Anglican Alliance Notes to the Financial Statements for the year 31 December 2021

Note 1 Accounting Policies

Accounting Conventions

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.

Governance costs are included in Support costs; they include audit and professional fees and trustees’ expenses in attending meetings.

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Anglican Alliance Notes to the Financial Statements for the year 31 December 2021

Note 2 Constitution

The Anglican Alliance is established by constitution subscribed to by its members, the Trustees of The Anglican Consultative Council, a charity registered in England and Wales. The Anglican Consultative Council is the parent charity of the Anglican Alliance.

The Anglican Consultative Council 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. Its principal address is St Andrew’s House, 16 Tavistock Crescent, Westbourne Park, London W11 1AP.

Note 3 Analysis of Expenditure

Unrestricted Funds (General)
Charitable Activities
Development
Relief
Advocacy
Capacity Building
Regional Meetings
Total Unrestricted Expenditure
Restricted Funds
Charitable Activities
Development
Relief
Advocacy
Capacity Building
Regional Meetings
Total Restricted Expenditure
Total Expenditure
Analysis of Support
Costs
Development
Relief
£
£
Office Expenses
2,921
3,942
Governance
1,918
2,557
Website
-
-
Publicity
477
343
5,316
6,842		 Unrestricted Funds (General)
Charitable Activities
Development
Relief
Advocacy
Capacity Building
Regional Meetings
Total Unrestricted Expenditure
Restricted Funds
Charitable Activities
Development
Relief
Advocacy
Capacity Building
Regional Meetings
Total Restricted Expenditure
Total Expenditure
Analysis of Support
Costs
Development
Relief
£
£
Office Expenses
2,921
3,942
Governance
1,918
2,557
Website
-
-
Publicity
477
343
5,316
6,842		 Staff
Costs
Other
Direct
Costs
Support
Costs
Total
2021
Total
2020
£
£
£
£
£
34,084
443
4,916
39,443
54,823
45,446
590
6,556
52,592
73,101
11,361
148
1,639
13,148
18,274
22,723
1,466
3,277
27,466
36,932
-
3,502
-
3,502
1,890
113,614
6,149
16,388
136,151
185,020
-
974
400
1,374
10,918
96,388
765
286
97,439
56,284
32,837
14,286
-
47,123
46,475
49,000
14,044
966
64,010
55,570
-
-
-
-
-
178,225
30,069
1,652
209,946
169,247
291,839
36,218
18,040
346,097
354,267
Advocacy
Capacity
Building
Regional
Meetings
Total
2021
Total
2020
£
£
£
£
£
974
2,740
-
10,577
6,515
639
1,279
-
6,393
5,334
-
-
-
-
694
26
224
-
1,070
2,645
5,316
6,842		 1,639
4,243
-
18,040
15,188

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Anglican Alliance Notes to the Financial Statements for the year 31 December 2021

Note 4 Net Movement in Funds is after charging:
Audit Fees
Audit Fees- Previous year
Accountancy & Advisory Fees
Depreciation
Note 5 Trustees & Employee Information
Average monthly head count
Average number of full-time equivalent staff (including part-time staff)
Based in London
Based overseas
Total
Salaries
Social Security Costs
Pension Contributions
Donation in Kind staff time received
Number of employees whose emoluments were in excess of £60,000
Expenses reimbursed to 0 (2020: 1) trustees as meeting expenses:
No remuneration was paid to Trustees during the year (2020: Nil)		 Total
Total
2021
2020
£
£
5,700
4,560
342
102
1,954
2,031
792
703
Total
Total
2021
2020
9
9

3
3
3
3
6
6
£
£
230,576
241,067
14,299
13,497
13,010
12,384
33,954
39,676
291,839
306,624
Nil
Nil
£
£
-
598

The key management personnel of the Anglican Alliance comprise the trustees and the executive director. The total employee benefits of the key management personnel of the Anglican Alliance were £72,871 (2020: £65,830).

The donation in kind staff time cost represents staff time donated by employees of the Anglican Consultative Council to the Anglican Alliance. The value is recognised as income, and as an offsetting cost. Donated staff time includes support in the areas of accountancy and governance.

17

Anglican Alliance Notes to the Financial Statements for the year 31 December 2021

Note 6 Fixed Assets

Information
Technology
Equipment
2021
Fixed Assets
£
£
Cost
At 1 Jan 2021
3,166
3,166
Additions
-
-
At 31 December 2021
3,166
3,166
Accumulated Depreciation
At 1 Jan 2021
1,031
1,031
Charge for period
792
792
At 31 December 2021
1,823
1,823
Net Book Value
At 31 December 2021
1,343
1,343
At 31 December 2020
2,135
2,135
Note 7 Debtors
2021
2020
£
£
Grant Receivable
20,000
-
Anglican Consultative Council (see note 14)
-
800
Prepayments
3,407
510
Other Amounts Receivable
487
23,051
23,894
24,361
.
Note 8 Creditors amounts falling due within one year
2021
2020
£
£
Taxation & Social Security
3,246
3,191
Accrued Expenses
7,425
19,264
Anglican Consultative Council
852
-
Other Creditors
19,519
5,933
Pension Contributions Payable
4,678
2,930
35,720
31,318		 Information
Technology
Equipment
2021
£
£
3,166
3,166
-
-
3,166
3,166
1,031
1,031
792
792
1,823
1,823
1,343
1,343
2,135
2,135

18

Anglican Alliance Notes to the Financial Statements for the year 31 December 2021

Note 9 Statement of Cash Flows

Reconciliation of net income to net cash flow from

Reconciliation of net income to net cash flow from
Operating Activities
Changes in resources before revaluations and transfers
Transfers between funds
Depreciation
Increase in Creditors
Increase / (Decrease) in Debtors
Net cash provided by Operating Activities
Investing Activities
Purchase of Fixed Assets
Net outflow from Investing Activities
Increase / (Decrease) in cash and cash equivalents
Cash and cash equivalents at 1 January 2021
Total cash and cash equivalents at 31 December
2021		 General
Restricted
Total 2021
£
£
£

34,103
1,488
35,591
(3,517)
3,517
-
792
-
792
3,986
416
4,402
11,906
(11,439)
467		 Total 2020
£
6,674
-
703
9,941
(8,240)
47,270
(6,018)
41,252		 9,078
-
-
-		 (1,416)
-
-
-		 (1,416)
47,270
(6,018)
41,252
83,496
111,484
194,980		 7,662
187,318
130,766
105,466
236,232		 194,980

Note 10 Total Funds Movement

Note 10 Total Funds Movement
Unrestricted Funds – General
Restricted Funds
Covid 19 Response Compass Rose
Covid 19 Response Comm of St Andrews
Human Trafficking
Church and Community Transformation
Resilience Course
Agents of Change
Trinity Wall Street
Other restricted funds
Total Restricted Funds
Total Funds		 Opening
Balance
Income
Expenditure
Transfers
Closing
Balances
£
£
£
£
£
71,562
170,254
136,151
(3,517)
102,148
-
35,192
30,509
-
4,683
-
20,000
20,000
-
-
65,793
50,000
47,121
-
68,672
41,595
40,000
49,826
-
31,769
4,855
6,333
13,923
2,735
-
4,364
-
264
-
4,100
-
54,409
41,929
12,480
1,989
5,500
6,374
782
1,897
118,596
211,434
209,946
3,517
123,601
190,158
381,688
346,097
-
225,749

19

Anglican Alliance Notes to the Financial Statements for the year 31 December 2021

Note 10 Total Funds Movement (continued)

Restricted Funds are described below:

Human Trafficking – 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 - 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.

Agents of Change - 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.

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

Covid-19 Response Funds - A project to help connect, equip and encourage the Anglican Communion’s churches and agencies in their response to the pandemic including the formation of a global Covid-19 task force and developing an online resource hub.

Health and Community Network – The network will provide a coordinated Anglican voice on key health issues and bring together practitioners, church leaders and academics from across the Communion to inform practice and advocacy.

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

Note 11 Taxation

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

Note 12 Capital Commitments

There were no outstanding capital commitments at the year end.

20

Anglican Alliance Notes to the Financial Statements for the year 31 December 2021

Note 13 Pension Commitments

The Anglican Alliance participates in the Pension Builder Scheme section of the Church Workers Pension Fund (CWPF) for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and the other participating employers.

CWPF has two sections:

  1. the Defined Benefits Scheme

  2. the Pension Builder Scheme, which has two subsections;

  3. a. a deferred annuity section known as Pension Builder Classic, and, b. a cash balance section known as Pension Builder 2014.

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 the contributions payable of £13,010 (2020: £12,384), of which a total of £4,678 (2020: £2,930) 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 3% following improvements in the funding position over 2021. 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, the Anglican Alliance could become responsible for paying a share of the failed employer’s pension liabilities.

21

Note 14 Summary of transactions between the Anglican Alliance and the Anglican Consultative Council

e 14 Summary of transactions between the Anglican Alliance and the Anglican Consultative Co
Opening balance – owed (by) / to ACC
Expenses paid by ACC on behalf of Anglican Alliance
Grant made by ACC to Anglican Alliance
Grants made to Anglican Alliance but paid to ACC
Donation in Kind staff costs included in grant
Grants made to ACC but paid to Anglican Alliance
Cash transfer
Ending balance – owed to / (by) ACC		 2021
2020
£
£
(800)
1,417
7,450
23
(58,762)
(58,536)
(35,192)
(33,284)
33,954
31,820
-
10,000
54,202
47,760
852
(800)

Grants made to Anglican Alliance but paid to ACC includes a £35,192 grant from the Canadian Compass Rose Society.

22