ANGLICAN ALLIANCE Development . Relief . Advocacy Anglican Alliance Charltable Company Ilmlted by 8uara)teel Report and Flnanclal Statements for the year ended 31st December 2023 Reglstered Charlty No. 1151992 Company No. 08345C196
Anglican Alliance Report and Flnancial Statements for the year ended 31st December 2023 Contents Reference and Admlnlstrattve deta115 of the Charlty. Its Trustees and Advisorkn.....-.. Offlcers of the An8llcan AllkrKe.................._.-.-.-..-.....-.-......-.-....-....... Annual Re of the TrusteeL....-.-.--.--...... . Independent Auditorfs Report to the Men*ers Ot the An1(an Alliance.-....-.-...-..-...- ststement ot Financial ActSvities.-...........-.--..-.-.......-- ..13 Balance Sheet.. 14 ststement ot Cash FIow5.......................--...-..........--.--..--...-...........-...-. .15 Notes to the nanCl Ststements.,.- 16
Anglican Alliance Reference and admlnlstratlve detaib of the thartty, Its trustees and adv150rs Conjtltution The Angllcan Allae is a charity reglstered in EnThl and Wales. reglstration Nmber 1151992 and a company limited by Buarantee, re8istration number 08345096. It wa5 established by constitution subscribed to on 21 December 2012. The charitsble company stsrted its actknties on l Apdl 2013 upon transfer of the net liabilities from The AnBlican Consultative c0clI rrhe ACCI. TrSte¢S Those actSng as Trustees durin8 the year to 31 Decertier 2023 and to the de of swnlng thls report were the followtn8- The Most Revd Abert Chama The Rt Revd Dr Michael Beasley Mr Michael Hart ffreasurerl The Rt Revd Andrew Chan The Ven Joseph Wllllam Kofl De8raft-Johnson The Rt Revd Hemen Hakler Ms Bev Julllen Canon Andrew Khoo Mr Mlchael MacKenzle Ms Llna Magallanes The Most Revd Julio Mwrav Ms Abagall Nelson The Rt Revd Anthony Poggo Mr Reglnald Robertson Revd Canon Sammy Walnalna (Chairl (VKe Chair)
Officers of the Anglican Alliance Chalr The M05t Revd Albert Chama e Chair The Rt Revd Dr Mlchael Beaskv Chalr ¢f the Flnance and Rt Revd Dr Mich*1 Beasky Treasurer Mr Michael Hart Exetullve Dlrector The Revd Camn Rachel Camegie Re8lster•d Offke St Andre$ HOL 16 TavistLKk Crescent Westboume Park London Wll IAP. UK Audl Moore Kln8Ston Smith 9 Appold Street London EX2A 24P. UK Solldtor5 16 Beaumont Street Oxford OXI 2LX. UK Bankers The Royal Bank of kot&nd PIC 49 Charing Cross London, SWIA 20K UK
Annual Report of the Tnthe The Trustees are pkased to present their Report ar F1claI Statements for the year ended 31 December 2023. structu Governance and Mw The Anglican Alllance Is based at St Andrev/s House. London. The Executive Dirertor reports on progress to a Board of Trustees (who are also Dlrectors for the purwses of Company Lawl that meets at least three tlmes per year. The Board delegates some responslbllltles to a Finance and General Purposes Committee that also meets at least three times per year. The AlIt aNI Risk Commlttee also meets annualty. Procedures have been put in place to ensure that the Trustees are made aware of thelr responslbllltles at their first meetlng. The Trustee5 tonsider the Board of Trustees and the Executlve Dlrector comprlse the key management personnd of the charity in charge of directing and contro115nR, rnnnI and operatlng the charity on a dty-to4ay ba5. Publlc Beneflt The object of the Charity is to benefit the public by bringing tOgetr the development. rellef and advocacy work of the churches ol the An8llcan Communlon worldwide and the 48encies associated with them, 8rounded in Christian faith to supwt the poor and oppressed people ot the workl. In preparln8 th5s report the Twstees have complled thelr duty to have due re8ard to the publk benefit 8uldance published by the Chadty Corymlssbon. Rlsk Management Durfng the year the Board of Trustees revlewed the rlsk re8lster. Prttedures have been Introduced to manage and redLKe the risks Kbentified. and further reviews take pe regularty. An ALKlit and Risk Sub. committee meets once per year and on an ad hoc basis as required. The charity coluded the 2022 year with a modest decline In unrestricted funds. The 2023 year end saw a further sllght decllne In the balance of untrtr funds The Trustees maintain the commitffnt to contlnue to grow and malntsln a surplus to bulkl a worklng reseNe. wlth a tsr8et of 25% of annual tumover achieved. The Executive Dirertor arKI Board Continued t¢ focus on estsblishin8 a viJble set of fdIng streams through 2023 and beyond. The main exposure relates to forei8n exchange movements. as some income and costs. including overseas saLiries, ronsultan¢ies and xtr¥tties are denominated in US Dollars. This risk is managed with prudent expenditure plans to allow for currèncy fluctuation& and regular reviews to ensure action is taken to reduce expenditure in the event of unforeseen cost increases or income reductiork The potential pressures of global arKI national finarKial challenges in the current global financial context continue to be monitored, with conser¥ive budgèting movlng forward to bulld financial resilienc*. Throughout 2023 the Board rewewed the resilience of theAnglican Alllance operationally and flnancially In relation to the rlsks. The most signrficant rlsk relatestothe current economlc climate brfnging potential pressu5 on income streams. Thls has been mitigated in part by continuing to reduce costs through incre05ed focus on an onllne delfvery model. but also through landing signlficant fundlng commitments for multi-year inltiatlves. The Board wlll continue to revlew closefy the flnanclal projections to make the necessary budgew provislons for 2024 onwards.
Objectlves Achlevements and Adlvltles The Anglican Ajliance brings together the An81ican famity of churches and agencles to work for a world free of poverty, inequality and injustice. to raise the Vobces of the vulnerable. to OncIle those in conflict, and to safeguard the earth. The role of the lican Alliance is to cnect and sh¥e capxity, skills, leaming and resources xr05S the worldwide Anglican Communion. present in 165 countries, to 5UPPCYt Tts work In development rehef and advocacy. This 8bbal reach wves the Anglican Ajliance signrfKant scale and wtentlal. its three pilars of work sUPP)rt the CommLmion withn the context of the Anglican Marks of Mission in: Development - The Anglkan Allance athls value by connectln8 equippin8 churches and agencles acr05S the Communlon for sharing leaming. skills capacity. and building joint strategic Inltlatlves for holSstlc mlsslon arKI su5ts1nable development. It supports faith-based approaches. bulldlng theologlcal foundations and bibliul resources to support this work. The An81ican Alliance does not furKI projects. lyJt serves to Ink, leverage joint assets and build Coalition Rellef - The Anglican AllIae adds value by building d15aster resllience and coordlnatlng humanitarian 5UPPOrt toAnglican prownces and di(xeses respoTrJlnx to humanitsrlan crlses. It works closely with a group of a8encies arthj churthes to connect for joint support so that the bocal church can have a slmplified process for application& communKions and reporting. It works to bulld disaster restfience throu8h an eXte4v& coordinated programme of training and accompanlmenL Advocacy -The An81ican Alliance add5 value by helyng to equip. connect and catslyse advocacy initiatives in the Communion, 5UPPCtin8 Anglican leaders to speak out alongslde people from affected communities. It also devet¢)ps poly resources and helps to Ixcer ar¥1 Iwlld coalltlons with ecumenical and other partners for joint a(fvoc3ey at Rbbal levels. The work in these three pillars all intertonnecL The work Is all 8rounded In an asset.b35ed approach, whether at community level. or in gatherin8 the assets ol the Communlon a$ 3 whole. Based on regional consulLitions and resolutions from the Instruments of Communlon. wlth 8uldance from the Board and ACC Stsnding Commfttee, the Alllan¢e CuntIY has ffve strate8lc global prforlties In which it works to support Anglican churches and agencles worldwlde. The Angllcan Alllance Is able to lever88e outcomes beyond Is modest reurCeS as It brln8S together the humèn capacitles, assets and financlal means of Angllcan churche5 and agencle5 across the world, sharlnB resources and expertlse In collabordtlve effort In 2023 the organbatlon's income susLiined the planned pro8ramme of actfvltles supported the inc351n8 demand for the Anglican Alliance's servlces, wlth three new restrkted fundln8 streams supportin8 major ffwlti-year initiative5. 2023 was a year of enhanced actfvlty and eypendlture. InCIlIng followln8 through oft the wsion and commitnents made at the 2022 Lambeth Conference. Pro8rammatic hi8hlt8hts from 2023 include: Covld 19 and beyond Supportln8 the development of An81ican Heath and Communty Network to leverage technical health assets. Documenting leamlng fmm pandemic response, to strn pandemic weparednes5 and resil1ere. and identify effective. collaboratlve models of workin8. Rollin8 Out the Contextual Blble Stl¥ resource, 'Re-imoslnin8 our Wcvld., on Anglican Marks of Mlssion and Sustainable Devdopment Goals through the An81ican Communion Youth Network and wth other partners. Safe8uardln8 Creatlon: aimate and Blodlvevslty Defivering the Communim Forest initiative. working wtih Anglican Communion Environmentsl Network and an Eco.bishops advisory 8roup, as a kgacy of 2022 Lambeth Conference. Developirbg Communion Forest website and resources. bullding and mapplng the global networK convening skills-sharing webinar5 and brokering technlc•i pathershlps. Collaborating wth the An8Can UN team. Environment Network, CAPA and EcB1$hOps on preparation for UN dimate summit at COP28 aFKI SUFVCrt to the C<)mmunlon delegatlon in Dubai.
Supporting ecumenical collaboration. including with the Renew our Worfd Coalition, the Olkos Network. aNI the Season of Creation initotive. Peopk on the M¢>vt. Mlgrants, Refugees and Human Trnfficklnl Maintsining global and regional online communities for shared learning arnl cofiaboration, kn¢luding in advocacy. Developing leamlng cm asset-based chwch respcws to support for refugee5 and migrants and tad(InÉ human traffickinÈ. Tackllng Imqualltles thrnu4h Asset.Based Churth and C¢mmth)lty Transfonnatlon Adaptin8 resources on leadershlp development for the rOllt of the Agents of Ch3n8e course In the Pacific and Caribbean with youth and other emergin8 leaders. Including developlng new modules for faith-inspired aderShiP. Atlapting antd rolling out asset-based approxhes ICCT) in Middle East and Asia With tralnln8 and communitles ol practlce. Malnstreamlng gender and safeguardlng approaches across all wor Accompanying IndigeTh)us communities and gatherings to leam from and highlight Indigenous perspertives, theologies and responses, especially in reL4tion to the environmental crises. Dlsaster Reslllence and Response Developlng global and regional steerln8 8roups to roll wt re8lonal Reslllence Courses and Re8lonal CommunIt5 of Practlce. In 2023 In Afrka. Latin Amefica and Carlbbean. Developing the coh¢yt of Partners in Resilience and Response IPIRRI through the Accompankns Course, aNI deploylng skilled accompanieTS to provinces facing disaster& Monltorln8 humanltarlan contexls gh)bally: reSpoling to d15asters by connecting with local church and convenlng pwtner meetings, as approprlate. for coordinated technlcal/financlal support. In 2023 thls Included.. cwrdinating mutti-a8erKy support to the Diocese of Jerusalem in Its response In Gaza and the West Bank: connectlng wlth churches faclng conflkt and natural/cllmate-related dlsasters and brokerfng 5UPPOrt. including In Myanmar. MOzamblq, Malawl. Vanuatu, Tan&[a. DR Congo. Sudan. and South Sudan. also wovkllng news updates and calls to prayer. Supportln8 Angllcan Instruments of Communlon Facilitating sessions on the Environment and Su5talnable Devebpment at the Ghana 8atherln8 of the Anglican Consultstlve Council 18. Supporting the Lambeth Conference Phase 3 - in communlcatlons and facllltatlon of webinars on Lambeth Call on Environment and &Jstainable Developrnent. Current sltuatlon of the Alllance The Anglican Alliance has now been operating forover thirteen years. During this time, it hase5tablished 0 strong reputation for connecting and equipping the worldwhle churches and agencies to bring about transforniational change in the lives ot the Frfxlr and vulnerable. This reputation was cemented by the Angllcan AJllarKe's key role In supporting the Communion's response to the Covid pandemic. The Anglican AILance also has an Important convenlng function within the Anglican Communion. The experlenced Executive Director has been in post since 2014 leading a small secretariat in the UK and a team of reglonal and projert facilitstofs around the worhl. with a Senior Adviser based in Africa. The stsff numbers are small. trrtrt the range of active participants in the Anglican Ajliance's activities, from churches and ageleS around the worl(hvide CommuniorK is significant ever growing. Its regional facilltstors play a key role. along with the UK based SecretsriaL in gathering forums to guide anLI support collaboratlve leaming and action. As a platforni for the developmenL refief and advocacy initiatives of the worthvide Anglican Communion. the Anglican Alliance serves to connect this work at a gbbal level with a range of extemal partners. including other faith based agencies aThJ UN bchJie& This adds value by building relationships and trust which help to broker partnerships for churches at the country leveL
Donatio in Kind Reference has been m&Je in this report to contributi from various quarters to the work of the An81ican Alllance. Some cLNttributiors have been financial, others in the form of the provision of personnel or facilities. as Angfican churcw charities and agencies arouTrd the workl participate in Anglican Alliance acttvitie& AnM)nB these donations in kind is space for the Anglican Alliance at the AnglS¢an Communlon Offic¢ arn1 donated stsff time from employees of the Anglican Consultative CourKS1. Grant-makln8 Poll¢les The Angllcan Alllance admlnlsters grants In accOrdae the restricted purposes forwhlch the hJnd5 were originally donated. Grants are pald as soon as the èppliutlons have been received and approved. However, the Anglican AlllarKe Is not Nimarf a 8rant*naklro bc4tr and mkes very few grant5. Flnanclal Report for the year to 31 December 2023 The artivities of the An81ican Alliance began as a restricted fvnd of The Anglican Consuttstive Council (charity n(Imber 11372731 in 2011. The An8lican Alliance was incorporated as a corN)any limited by guarantee on 2 January 2013 ar registered a5 acharTty en 10 May 2013. The first Report and Flnanclal Statement5 of the new charitable cory>any were for the periLxI ended 31 janu 2014. Thls Report and Financial Ststements are for the year ended 31 Oecember 2023. The finanual statements comply with the Charities Art 2011 the Companies Act 2W6. the Memorandum 3nd ArtKles of Association, and Accounttng Reportln8 by CharStSes'. 5trtent of Recommended Practice applicable to charities preparin8 their accounts in accordance vAth the Financial Reportin8 Stsndard IFRS1021. The Balance Sheet sets out the overav financial position of the An8Hcan liance at 31 December 2023. It should be noted that each fund cate80ry is dealt with In a separate column. whkhls referenced to notes in the xcounts. The totsl fund baances at the end of 2023 (Reservesl were £286.98112022.. £137,607). Cash balances were £324.540 12022: £228.4781 as Set out in the Statement of Cash Flow5 whlch accompanies these flnarKlal ststements. Thls refftcted t fxt that Income exceeded expendlture durin8 the year. The maln summary of finala1 transartiiins through the year is the Ststement of Financial Activit6es ISOFAI. Thls Statement includes income and expenditu. transfers behveen t different funds and gaSns or losses on the values of investments. Separate supportmg statements. Set out in the Sa SOFA format, show in more detsll Genera5 Fund trartKins. The General Fund generated expenditure of £6.161. arKI after a trarsfer of £5.236 to restrlcted fvnds had a balarKe at 31 December 2023 of £71.44412022.. £82.8411. The Restricted Fund Balance at 31 December 2023 was £215.53712022: £54,766) of thlch the malor constituents were the Resilience Cowse. Human Trafficking, aThJ Church and Communltbes Transfornution.
Reserves Policy and Going Concern At the end of December 2023. the balance on General Fund was £71.44412022: £82,84113nd the balance on Restrirted Reserves was £215.537 12022: £54.7661. The balance of free reserves as at 31 Dember 2023 were £71.356 (2022.. £82290k Whlle the Trustees note the General Fund rt deficit for the year, careful cost control and negotlatbn wlth donor5 to permit restricted 8rants to contnbute towards core costs has alh)wed for the bulldup of reserves from General Funds in recentyear, which are able to cushion the deficiL The Board15 confldent that the Anglican Alliance is a gn8 concern In Mew of these fact& Core budget costs fincluding any staff costs vthich are paKI from Restricted Funds) a of the order of £360,0 per year and over 90% of these costs are associated employment of staff. The Tru5tees' poliry is to establish unrestricted reserves sufficient to cover at least three months of operatirbg costs - currently c.£90,OCM)- as it is not approprte forTrustees a1 staff toenter into obligations and contracts where the obli8ations are not currently covered by free reserves. Trustees, Responslbllltles In relatlon to the FlnarKlal Statements The law appllcable to charftles In England and Wales requlres the Trustees to prep¥e the annual report and flnanclal statements for each flnanclal year whlch 8fve a true and falr vlew of the charSty's financial actSvltles durlng the year and of Its flnanclal pos1t1c at the end of the year. In preparing flnanclal ststements glvlng a true and falr vlew. the Tnjstees should follow best practlce and.. select suitsble accountlng pollcles and apply them conststently: make lud8ments and estlmates that are reasonable and prudent: stste whether appllcable accountln8 stsndards have been followed, subSett to any merwl departures dlsclosed and explalne(J In the flnanclal SLltements: prepare the flnanclal ststements on 8oln8 concern basls unless It Is Inappropriate to Prne that the charlty wlll Continue In operati. The Trustees are responslble for keepin8 accntIr¢ records wtmch disclose wlth reasonable accuracy the financial position of the charity. and which enable them to ascertsin the financial position of the chaTity and ensure that the financial Ststents compfy with the Companies Act 21. The Trustees are responsible for safeguardin8 the a55ets of the charity and hetKe for tin8 reasable steps for the prevention and detection of fraud and other ir8tie The Tru5tee5 are not aware of any relevant audit infrymation that has rnt been disclosed to the charitvs auditors. The Trustees have tsken all the steps that ought to hJve been taken in order to make them5efves aware of any relevant audit inforniation and to establish that the charity's auditors are aware Of that information. These financial ststements have been prepared in acCOrde with the provisions applicable to companie5, subject to the small Compan$. re8ime.
Audftors The Auditors, Moore Kingston Srntt SIlfied their willingness to continue in office. Approved bythe Trustee5 a on their behaf by. The Rt Revd Dr Michael Be Vice Chair
Independent audltorfs report to the members of Angllcan Alllance Oplnlon We have audited the financial statements of Anglican Alliance fthe charitable companVI for the year ended 31 Detember 4023 which comprise the Ststement of Financial Activities. the Balae Sheet. the Statement of Cash Flows notes to the finarKial ststements. IncluIng a summary of significant accounting policies. The financial reportin8 framework that has been applied in their preparation is applicable law and United nd0M Accounting StsThlards, including FRS 102 The Financial Reporting Stsnd3rd Applicable in the UK and IrelafKI' Iunited Kingdom Generdlly Ac¢epted Accounting Practice). In our opinion the financial Statements: give a true and fair view of the state of the charitable companvs affairs as at 31 December 2023 and of its incoming OUr and application of resources induding its income and expenditure. for the year then ended.. have been properly prepared n accordarKe with United lthn8dom Gertrdlly Accepted Accounting Practice,. and have been prepared In 3CCwdan with the requirements of the Companies kt 2006. Basis for oplnion We conducted our audlt In accordarKe vAth Intematlonal Stsndards on Audltlng IUKI IISAslUKII and applicable Law. Our resNinslbllltles under those stsndèrds are further describeil In the Auditor's Responslbllltles for the audlt of flnanclal ststements section of our repo We are independent of the Corporatlon In accordance wlth the ethlcal requirements that are relevènt to our audit of the financlal ststements In the UK Includin8 the FRC'S Ethlcal Stsndard, and we have fulfSlled our other ethical responsibilltles in accordance with these reouirements. We telieve that the audit ev1deTr we have obtslned Ss suffklent and approprlate to prowde a basis for r opinion. Conclusl¢)ns relatln8 to 8oln8 ¢oncem In auditinB the financial statements, we have corKluded that the trustees. use of the 8oln8 concern basls of a¢counting in the preparation of the financial ststements is appropriate. Based on the work we have performed. we have not Identif w materlal uncertainties lating to events or condition5 thaL indNidually or collectively. may cast 5i8nificant doubt on the companV5 ability to continue as a Boing concem for a period of at least ts¥ee month5 from when the financial statements are authorised for issue. r re5ponsibilitres and the re5ponsibilitie5 of the director5 With re5PeCt to 80in8 concem are descrSbed in the relevant sections of this report. Other Informatlon The other information comprises the infomution included in the annual report, other than the flnanclal ststements and our auditor's rekx)rt thereon. The trustees are re5ponslble forthe other informatlon. Our opinion on the finandal ststevrnts does rK>t cover the other InfOrntiOn and. except to the extent otherwise eXle1t1v ststed In reporL we do Mt express any foNn of assurance concluslon thereon. In connection with our audit of the financial 5taternen our rest)on5ibility is to read the other inforrnation and, in doing so, tonsKler whether the other Infom)ation is materially Inconslstent wlth the financial ststements or our knowledge obtslned in the audit or otherwise appears to be materlally mi55tatetl. If we identify such material in¢onsistencies or apparent mate¥lal misststement& we are required to detemine whether there is a material misststement in the finarKial ststements or a material mis5tstementof the other infomation. If. based on the workwe have perfomd,we conclude that there s a material misststement of this other infornmtion, we are reouired to rert that facL We have nothing to report in tFMs regard. Oplnlons on other matters prescribed by the Cowrf)anies Act 2006
In our opinion, based on the work undertaken in the course of the aud the inforn)ation Biven in the tru5tees' annual rewrt for the financial year forwhich the financial ststements are prepared 15 consistent with the fin3rKial ststements.. and the trust, annual report have been wepared in atcordance with applicable legal requlrements. Matters on whlch we are rwwlred to report by exception In the light of the knowledge and understandin8 of the company and rts nvlronment obtsined in the course of the audit, we have Tr)t entIfied material misstatements in the tnjstees. annual reporL We have nothlng to report in respect ot the folwIng rnatte wtre the Conwnles Act 2( require5 us to report to you if. in our opinion-. adequate accounting records have not been kep( or retutr6 adequate for our audit have not been received from branches not vlslted by us.. or the financial ststements are not in agreement wlth the xcountln8 records and retums: or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the informati¢)n and explanations we require for our audlt,. or the trustees were rt entitled to prepare the financial 5tstements in x¢ordance with the small companles regime and take thantage of the 5rn311 compan$ exemption in preparing tht Tru5tees' Annual ReyJrt and from weparlng a Strategic Rep(Kt. Responslbllltles of trustees As explalned more fuly tn the trustees, responslbilities ststement set out on page 7, the trustees (tho are also the dlrectors of the Charitse company for the pury)oses of company lawl are responsibte for the preparatlon of the financlal statements and for being satisfied that t 8ive a true and falr view. and for such internal control as the trustees determlne is necessary to enable the preparatlon of financial statement5 that are free from materk41 misstatement. whether due to fraud or errol. In preparin8 the flnan¢ial ststeff*nts. the trustees are responslble for asse5s1n8 the charitsble companvs ability to continue as J 80in8 concern, discloslng. as appllcable, matters related to 8tiin8 concern and usin8 the 8oln8 concem basis of accountin8 unless the ttee5 elther Intend to liquidate the tharitable company or to cease operations, or have no realistk altematlve but to do so. Audltorfs iesponslbllltles for the audtt of the finandal statements Our Objecte$ are to obtaln reasonabk assurance about whether the finandal ststement5 a5 a whole re free from materlal mlsststement. whether due to fraud or eOr, arKi to issue an audltorfs report that Includes wr oplnlon. Reasonable assurance is a high level of assurance. but Is not a guarantee that an èudlt conducted In accordance wlth ISAS IUK) wlll aayS detect a material misststement when it exists. Mlsstatements can arise from fraud or error and are considered material if, indlvldually or in aggregate, they Could reasonably be expected to in1knee the ecorMit decisions of users tsken on the basis of these financlal ststements. As part of an audit in accordance with ISAS IUK) we exercise wofessh)n31 ILKl8ement arKI maintsin professional scepticism throu8hout the audiL We also: Identify and assess the risks of material misstatement of the financial ststernents, whether due to fraud or error, desi8n and perfomi audit procedures responsrve to those risks. arK4 obtain audit evidence that is sufficient and appropriate to provide a ba515 for our opinion. The risk of not detectin8 a material misstatement resulting from fraud is higher than for one resulting from error. as ffaud rr4y invofve collusion. fgery, intentional omissiorLS. mi5repre5eritstions. or the override of internal ¢ontrol. Obtain an understsnding 01 intemal ¢ontrol relevant to the audit n order to desi8n audit procedures that are appropriate in the ¢ircunKstsnces, but not forthe purp05e5 of expressing an opinion on the effectivene55 of the tharitsble c(ffipany's internal control. Evaluate the appropriateness of Kcrrtmting polrcits used and the reasonableness of accounting estimates and related disclosures male by tnjstees. 10
Conclude on the appropriateness of the trustees. use of the going concem basls of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's abiltty to continue as a goin8 Carern. If we condude that a material uncertainty exists we are required to draw attention in our auditorfs report to the related discbsures in the financial statements or, if such disclosures are inadequate. to modify ouropinion. Our conclusions are based on the audit evidence obtsined up to the date of OLtr auditols POrt However. future events or condrtions may cause the charitsble company to cease to Continue as a 8oin8 ¢orttrrL Evaluate the overall pre5entstion, StrucTe content of the financial Statements. includin8 the di5cIoSUTes. arKI whether the financial Statements represent the Undern8 transxtions and event5 in a rnanr that achieve5 fair presentatiork We communicate with those charged with govemance regarding. among other matter5, the pLinned scope and timing of the audit and significant audit findings, induding any 5i8nrficant deficiencies in Intemal control that VR identify during our alit Explanatlon as to vthat extent the audlt was considered capable of detectln8 Irre8ularltle Includln8 fraud Irregularltles. InclLKling fraud. are inSts ol non-compliance with laws ar regulatlons. We deslgn procedures In line wf(h our responsibilities. Otrtlined above. to detect material mlsstatements In respect of Srregularlties. Includlng fraLwJ. The extent to whKh our procedures are cap3ble of detectlng brre8Larftles. includlng fraudls detslled bdow. The oblectlves of our audlt In respect of fraud, are.. to Idendfy and assess the risks of matedal mlsststement of the flnanclal ststements due to fraud- to obtsln sufflclent approprtate audlt evldence regardlng the assessed rfsks of material ml55tatement due to traud. through deslgnlng and Implementlng approprlate responses to those assessed rfsks- and to respofKI approprfately to In5tarKes of fraud or suspected fraud Identlfled durlng the audll. However. the prlmJry responslblllty for the preventlon and detectl¢)n of fraLKI rests wlth Lw)th management and those charged wlth govemance of the charltable company. Our approach was as follows., We obtained an understanding of the legal and regulatory requirements appllcable to the company and considered that the most slgnificant are the Companies Act 2006, the Chadtles Act 2011, UK financial rewting Stsndards as isSd by the Flnanclal Reportln8 CourKil and UK tsxation leg151atlon. We obtained an understanding of how the chafitable CoMpY complles wlth these requirements by discussions wtth management and those tharged with governance. We assessed the risk of material mIsstent of the financial ststements. including the risk of material misststement due to fraud and how it mi8ht occur, by holdin8 discussion5 With management and those char8ed Vth govemance. We inquired of mana8eNnt those ch¥ged wlth 80¥eMCe as to ary kncwdn in5tance5 of r-¢011an(e or suspected nonfompliance with laws and re8ulations. Based on this urKlerstandin& we designed speciffc appropriate audit procedures to identify instsrKes of non"complrance with laws and re8ulation& This included making enquirie5 of management and those charged wrth govemarKe and obtaining addrtional Corroborative evidence as required. There are inherent limitations in the audit procedure5 described above. We are less likely to become aware of instances of non-compliance with law5 and regulations that are not closely related to events and trnnsactions reflected in the financial ststements. Also. the risk of not detecting a terIal misstatement due to fraud is higherthan the risk of not detectin8 one SuIting from error, as fraud may
Invofve deliberate cortealment by. for examrt forgery or Nrtentional misrepresentatlors, or through collusion. Use of our report Thi5 report is made solely to the charitsble companV5 members as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2C06. Our audit work has been undertaken so that we might state to the compary's members those matters we a requlred to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted bylaw. we do not accept or assume responsibility to any party other than the charitsble company and tharitsble companvs members as a body. for our audit worl for this report. or for the opinlons we have fc*TrRd. Jame5 Cross (Senior Stat ory Auditor) for and on behalf of Moore Kin8Ston Smith LLP. Statutory Audltor 9 Appold Street London EC2A 2AP Date: 6 September 2024 12
Anglican Alllance Statement of Financial Artivities for the year ended 31 December 2023 Iome Dongti¢)ns Aftglican Agencies & Charities Anglican Consultative Council Compass Rose Society. Donations 143.261 374.705 517,966 67,134 72,069 139203 30.CKQ 7.CO) 37,OCKI 3.110 20,) 23,110 243,505 473,774 717279 116,310 133,511 86,394 3257 27,463 249,821 89,651 27,463 1,649 1.649 204.353 164.231 368.584 Total Income Exp*ndltur• Expenditure on thoAtoble octivltles Development Relief Advocacy Capaclty bulldln8 Re8ional meetlngs Totsl Expendlture 93,138 75.923 169,061 71,964 71.964 23,568 78,325 101.893 47,372 163,991 211J63 13,624 13.624 249.666 318239 567.905 84,844 134,223 219.067 65,571 18.046 83,617 21.487 63.381 84.868 43,015 18,157 6L172 8,C02 8,002 222,919 233,807 456,726 Net Incomellexpendlturel 16,1611 155,535 149J74 118,5661 169,5761 188,142) Transfers between funds Reconciliation of funds Total funds br¢)ught fon¥ard Total funds caffled forward 15236) 5236 17411 741 82.841 54.766 137,607 71.444 215.537 286,981 102,148 123,601 225,749 82,841 54,766 137.607 The Statement of Financial Activities a150 ccKrolied with the requirements for an income expendTture account under the Companie5 Art 20J6. All artlvltles late to on80inB operations. The tharity has reco8nlsed galns or losses other than the net movement In funds for the year shown above. ' Donations from Compa55 R¢)se were granted to the An81ican Consultative Council by the Canadian Compass Rose Society as restrfcted funds for the beneflt of the Anglitan Alllance. The amounts were then granted to the Angllcan Alkance by the Anglican Consultative Council in accordance with the restriciion. 13
Anglican Alliance {Company No. 08345096) Balance Sheet as at 31 December 2023 OffKe equipment 551 551 Debtors Cash at bank and In hand Total Currqrt A5Kts 12.5CKJ 13.168 I21.13 203.037 324540 122.171 215.537 337.708 327 117.029 117J56 22.5CO 22,827 111,449 221478 133.949 251,305 Currert Uabtitles Creditors amounts faIn¥ due wlthln OM year 50.815 so15 35.066 79,183 114249 NetCubTentAssets 71.356 215.537 284893 82290 54.766 137,056 Total Ass•ts less CurT•nt Ll414 71.444 215,537 28&981 82.841 54.766 137.607 N•t AM•ts 71.444 215.537 286.981 82.841 54.766 137,007 Funds otthe Charlty 71.444 215.537 284981 82.841 54.766 I37,¢? These flnancial statement5 have been prepared In acCOrdae wlth ts provlslons appllcable to companles subject to the Small coThwnle5 re8lme. Approved by the Trustees and signe on their behalf by, £fr The Rt Revd Dr Michael Bea51ey Vlte Chair Date.. 14
Anglican Alliance Statement of Cash Flows For the year Ended 31 December 2023 Reconclllatlon of net Income to net cash flow frem Operatlni Art5vldes General Re5trirted Totsl 2023 Totsl 2022 Changes in resources before revaluati¢Jns and transfers Transfers between funds Depreciation Increase in CdItorS Increase / (De¢aSe1 in Debtors Net ta5h provided by Operatln8 Actlvltles 16,1611 152361 463 15,749 341 155.535 5.236 149.374 188,1421 463 163.4341 792 78,529 (79,1831 (7,7541 Investing Activities Purchase of Nxed Assets Net outllow from Inveslln8 Actmtles Decrease I IlrKreasel in cash arKI cash equr¥alents Cash and cash equivalents at l January 2023 Totsl ush and ¢ash ¢qthal¢nts at 31 December 2023 4,474 117029 91.588 96,062 228 478 (7.7541 236 232 22 478 15
Angllcan Alllance Notes to the Flnandal Statements for the year 31 December 2023 Note l Accountlng Polldes Accounilng Convenilons lal The financial statements are prepared In xcordaKe with Accounting and Reporting by Charltles.. Statement of Recommended lyrxtice appllcable to charftles preparing their accounts in accordance wlth the Financial Reporting StaTrJard applicable In the UK and Republic of IrelaTrJ IFRS 1021 {effectlve I January 20191- (Charities SORP IFRS 10211. the Financial Reporting Stsndard applicable in the VK and Republic of IrelaTrJ IFRS 1021 and the Companles Act 2C#)6. The charity is a publlc beneflt entlty as defined by FRS 102 IPBE 3.3al (bl The financial statements have been prere1 under tr hlstork cost convention. (¢1 Income The Anglican Ajliance Is funded substsntfally throu8h 8rants from other Angllcan A8encles and Charities and the Anglican Consuttative CL¥JnciL IroMe Is accounted for on a cash received basls except that an accrual is made where certain substantlal donatlons are recelved afteryear end butare supportln8 expenditure for the prior year. Idl Expffidlture All expenditure is accounted for on an accruals ba515 has been Ilsted under the headln8S that ag8regate 311 the costs related to that actlvlty. Where costs cannot be directly attributed, they have been allocated to activlttes on a basls conslstent the use of the resourc Dlrect costs IrKludln8 dlrectly attrSbutable 5alarle5 are allocated on an actual basls to the key strate8lc areas of acllvtty. Support Staff costs are allocated on the ba515 of tlrnE 5penL Governance costs are IrKluded In SLPPOrt costs: they IrKIle alIt ond professlonal fees and trustees, expenses In attendlng meetings lel Donatlons In Klnd Stsff costs a1 offsettin8 donations kn kind incow represents stsff tlme donated by employees of the Angllcan Conxdtstive Council to the An8lican Alliance. Thls has been cakulated based on the estlmated staff time used, and the gr05$ C05t of those stsff. In Restrlrt•d funds are funds subject to specific rèstrlctlons Imposed by donors or funds provided from external sources for specific project& Thè purposes of Restdrted Funds are set out in note 9. Igl Flxed Assets The historic cost conventionapr4S to the treatrnent of Tangible Fixed Assets. Expendlture above £8 is capitslised. Tangible fixed a55ets are depreciated on a straSght-Ilne basis over their estimated useful Ilfe. The pedod used for Information Technology Eouipment15 4 years. CAng ¢ontèm In thè trustees, rewt there Is a review of finala1 performance and of the charlty's resetves position. At the end of December 2023. the batarKe on General Fund wa5 £ 71,444 surplus (2022.. £82.841 surplus) and the balance on Re5tritted Reserves was £215.53712022: £54.7661. The surplus in general funds is slightly below at taf8et level of 25% of annual personnel costs. The alm is to rebuild in 2024. The Trustees believe the charity is well ped to manage busine55 risk5 ènd it is a reasonable expectation that there a adequ2te resources to continue in operational existence for the foreseeable futur& There are no known mateiial uncertainties that call into doubt the charity's abilityto continue. The aCCnts have therefore been pPared on the basis that the charity 15 a 8oin8 concern. 16
AngllcaD Alllance Notes to the Flnanclal Statements ffor the year 31 December 2023 Note 2 Const1110 The Anglican Alliance is established by constitution subscribed to by its member& the Trustees of The Angllcan Consultstive Council. a charity registered in England and Wales. Tr kn8lkan Consultative Council is the parent charity of the Am81ican Alliance. The Anglican Consultstive Cwnal is a charity rwstered in England and Wales. registration number 1137273 and a company limited by guarantee. reglstration number 7311767. It was established by constitution subscribed to by the member churches of the Arlican Communion on 12 Juty 2010.lts princlpal address is St Andrew'5 House, 16 Tavlstock Crescert Westboume Park LOrn Wll IAP. Note 3 Analysts of ExpeDdAture Drt Support Costs Total 2023 Total 2022 Unrestrlcted Funds {GeneraD Charitable Activit*s Development Relief Costs 77.750 58,312 19,437 38.875 3,415 4.673 1,138 2.511 11,973 8,979 2,993 5.986 93.138 71,9&1 23.568 47.372 65,571 21,487 43.015 Capacity Building Reglonal Meetings Total Unrestrkted Expendltwe 194 374 249 666 Restrfrted Charttoble Actiwties Development Rellef A(fvocacy CapacSty Bulldln8 Regional Meetiny Total Restrlcted ExpendSture 32,339 40,712 1872 75,923 134,223 18,046 63,381 18.157 58,580 85,976 19,455 65,613 290 12,402 78.32S 163.991 176 895 318 239 Totsl Expendlture 371269 151141 456 726 Anatysls of Support Costs Capaclty Regional Total Development Rellef Ad¥¢u¢y Bulldln8 Meetlry 2023 Total 2022 Office Expenses Governance Website 3,256 10.912 8.184 631 473 10,155 6.224 315 14.085 048 1.577 13,372 17,553 2,863 2.728 158 Publicity li 1.694 785 14,845 8,979 3.283 45,495 17
Angllcan Alllanre Notes to the FRnanclal Statements for the year 31 December 2023 Note 4 Net Movement in Funds is after cbar Total 2023 2022 Audit Fees Audit Fees- Previous year Actountancy & Advlsory Fees Depreclatlon 7,5 7,140 103 1,754 792 2,259 463 Note 5 TeS & Employee Informadon Total 2023 Totsl 2022 Average monthty he count Average number of full-time equivalent stsff Oncludin8 part-Ume stsfft Based in Lolon Based overseas Totsl Salwles Social Security Costs Pen51on Contributions Donatlon in Kind staff tlme recelved 298,507 284.819 18,973 15.834 16,655 13.557 35,616 371269 349,826 Nurnber of effwloyees whose emoluments In excess of £60.CKYI £60.000- £69.999 Expenses reimbursed to three12022: 01 trustees as meeting expenses: No remuneration was paid toTrustees durln8 year12022: NID The key management personnel of the An8lKan AlllarKe comprise the trustee5 and the executive director. The totsl empbyee bertfits of the key management personnel of the Anglican Aliance were £80,78012022.. £75,449). The donation in kind stsff time ¢t presents stsff drre donated by employees of the Anglican Consultstive Council to the WKan Alliance. The value is recognised as income, and as an offsetting cost. Donated staff time Includes support in the areas of accountavy and 80vernance. 18
Anglican Alllance Notes to the Flnanclal Statements for the year 31 December 2023 Note 6 Flxed Assets lThforn)atlon Techno108y Equipment 2023 Flxeil A55ets At l Jan 2023 Additions At 31 December 2023 3,166 3.166 3,166 3.166 Accumulated Depreclatlon At l Jan 2023 Charge for perfod At 31 December 2023 2,615 463 2.615 463 Net Book Value At 31 December 2023 88 88 At 31 December 2022 551 551 Note 7 Debtors 2023 Grant Receivable Other Amounts Recelvable 12.5 668 13.168 22,5CQ 327 22,827 Note 8 Credltors amounts falllng due wlthin one year 2023 2022 Taxation & Social Securtty Accrued Expenses An81ican Consultative Councll Other Creditors Deferred Income INote 8a) 4,953 11,098 3,016 11,432 12.022 8,596 79,183 114 249 34,764 19
Angllcan Alllance Notes to the Ffinancial Statenxents for the year 31 December 2023 Note 8&Anatysis of Deferred Income 2023 2022 Balance at beginning of year Amount released to I¢me In year Amount deferred In year Balance at year end 79,183 179.1831 79,183 79.183 Note 9 Total Funds Movement opIng Balance clong Trnrfjhrs Balances Income Unrestrlcted Furrfls - General Restricted Funds Covid 19 Response Compass Rose Compass Rose Communlon Forest Communion Forest Human Trafficking Church and Community Transfonnation Resilience Course Agents of Change Trinity Wall Strèet 13201 Other restricted funds 201 2.579 Totsl Restrlrted Funds 54.766 473,774 318,239 Total FdS 137,607 717,279 567.905 The transfer of £5,236 from the General Fund Is to covef the overinVestnt In three restricted lunds, Compass Rose Communion Forest1£2.5371. Trlnlty Walls Street1£3201 and Contextual Bible Studles (£2,380>. 82,841 243,505 249,666 15236 71,444 85,490 53.034 32,456 53 14,740 40,879 5,290 20,C( 15,138 22.254 103,516 203.889 2,537 60.785 25.290 15.138 49,53B 111,874 15.167) 76,233 92,015 320 2,379 5,236 215,537 286,981 Communion Forest is showinB a deficrt of £5.167 at year end. thls Is due to works belng brought forward. Income was received in February 2024 to offset the defKiL Restrlcted Fur$ are descrlbed belovr. Human Traffickln8 - A project that respmds to the Issues of modem slavery and IM5man traffickln8 by brlngSnB tO8ether Internat5onal, Interfalth and ecumenlcat actors to recommend national and intemational strategies and provides a platforni for Initsalives from the bcal to the Qbal to share experlence5 arKI best practice5. Church and CommurAty Transformailon . A project that addresse5 the challerys of poverty and Inequallty In local communities by brinn&tOgether wactitioners beginners to provide a plattorm for 5harin8 experiences, best practices and strategies for effectbve church and communty transf0MtIon that is based on the assets (the resources. skllls and experlences) already present in the community. 20
Angllcan Alllance Notes to the Flnanclal Statements for the year 31 December 2023 Note 9 Total Funds Movement (tontlnued) Agents of Change - A programme developed the Anglican Alliance to help An8llcan5 anywhere In the wodd tackle poverty and bring about transforniation in their local communities, ¢ompri51n8 an 8-mode Course delivered in ithfferent ways. inCding face-to-face delivery- In part or whole - and distsnce-learnlni. Reslllence Course An online ResilitrKe Course was laun¢W In colkboratlon wlth Epixopal Relief and Development SUPkWtln8 churches to deveknp capaclty In dlsaster preparedness and resllbence. Covld.19 Response Fd5- A project to helpCOn equ and encourage ts Anglkan Communlon's churches and agencies In thelr response to the pandemic including the fonnation of a global Covid-19 tssk force and develwn8 an ¢)nllne resource h. Communlon Forest and Campass RI Comnwnion Forest - Launched at the 2022 Lambeth Conference the Communion Forest Project will help equlp the provlnces of the Anglcan Communlon In ecosystem protectlon, conservation and restoratkn. Trlnlty Wall Street - Phase 2 of the An8lkan Alllance Covld-19 pandemlc response: including SUPPOrtin8 vaccine roll out and equity issue5, vaccine confiderKe education, and on-goin8 SUPPOrt across the global Communlon to strengthen thurch and community resilience through thi5 crls1& Note 10 Taxation The Anglican Allancels a reglstered charlty and Is obll8ed to comply wlth the HM Revenue & Customs Self- Assessment rules. However. its ch¥itsble activlties a exempt from united Kingdom direct tsxation. Note 11 CapAtal Commltments There were outstsndlng capit31 commrtments at the year end. 21
Angllcan Alliance Notes to the Flnanclal Statements for the year 31 December 2023 Note 12 Pensfion Commltments The Angllcan AliarKe participates in the Pension Builder Scheme section of the Church W¢)rkers Pension Fund ICWPFI for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets 5eparatdy from those of the Employer and the other participating employe CWPF hx two sections: the Defined Benefits Schemè the Pension Buikler Scheme, whkh has two subsectlo defeed annuity section krth¥n as Pension Builder c1[C. and. a cash balance section known as Pension Buikler 2014. Penslon Bullder Scheme Both 5ection5 of the Pension Buil(ler kheme are da55ed a5 defined beMflt scheme& Penslon 8ullderClassk provides a pen5iorn a¢cumuLated from contributtons paid and converted Into a deferred annuity dung employment based on ternis set and rewewed by the Church of England Pensions Board from tlme to time. Discretionary irKreases may a150 be added. depending on investment returns and other factt)rs. Penslon 8ullder2014 is a cash balance scheme that provides a lump sum wthlch members use to provSde benellts at retlrement. Pension contributions a recorded in an account for exh member. Dlscretlonary bonuses may be added before retireffn( depending on investment Tetums ènd other factors. The accoun( plus any bonuses declared Is payabbe. unreduced. from age 65. There Is no sub-dlvlslon of assets between enyloyvs In each Sect1< of the Penslon Bullder $Cme. The scheme Is Cons[de to be a multinwIor scheme as descrfbed In Sectton 28 ot FRS 102. Th15 because Itls not P0551ble to 3ttribLrte the Pension Builder Scheme's assets and Ilablllttes to specllk empksyers and means that contributions are accounted for as if the kheme Vtre 3 defined contributlon scheme. The penslons Costs charged to the SOFA in the year are the contrlbLStlons payable of £16.65512022: £13,5571, of whlch a total of £2.96212022: £0) was outstsnding at year end. A valuatlon of the Pension Bullder Scheme Is carrted out once every three years. The most recent valuation was cwried out as al 31 December 2019. The next valuation is (hje as at 31 December 2022. Calculations for this are currendy under way. For the Penslon Bulkler aassk sectlon, the vahjatlon revealed a deficTt of £4.8m on ttr ongolng assumptions used. At the most recent annual revlew effective l January 2024. the Board clK>se to grant a discretionary bonus of 6.7% to both pensions not yet in payment and pen5ion5 in payment in respect of sermce prior to Aprll 1997: and a bonus on penslons in payment in respert of post April 2C#)6 seNce so that the pension increase wa$ 5% Iwhere Usual St would be calculated based on inflation up to 2.5%). Thi5 followed improvements in the fvndlng PotIon ¢)ver 2023. There is no requirement for deficrt payments at the turrent time. For the Pension Builder 2014 sectiorL the valuation revèaled a sufpkns of £5.5m on the ongoing assumption5 Used. There is no requirement for defKit payThents at the current titm. The legal structure of the scheme 15 such that rf anotrer employer fails the AngKcan Ajliance could become responsible for paying a share of the failed employerfs pension liabilities.
Angllcan Amlance Notes to the Flnanclal Statements for the year 31 December 2023 Note 13 Summary of transactlons between the ADgllcaD Alllance and the Angtlcan Consultstlve Councll 2022 Openln8 balance - owed Ibvl / to ACC Exw6es paid by ACC on behalf of Anglcan AllIat Expenses paid by Anglican Alliance on behalf of ACC Stsff Costs recharged by Anglican Alliance to ACC Grant made by ACC to Anglican AllIae Grants made to Angfican AliarKe but pald to ACC Donation in Ktnd stsff costs induded in 8rant Cash transfer Ending balance - ¢)wed to I Ibvl ACC 12.022 24.735 852 25,106 12,9271 115.4S7) 174,1941 127.4631 35.616 70.489 12,022 IH.6051 167.1341 I30.Cl 37.134 67,848 Grants made to Anglican Alliance but pald to ACC Indudes a £30.CM)O grant fri)rn the Canadlan Compass Rose Society. 23