OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Anglican Alliance

2024-12-31-accounts

Anglican Alliance

(A Charitable Company limited by guarantee)

Report and Financial Statements

for the year ended

31st December 2024

Registered Charity No. 1151992 Company No. 08345096

Anglican Alliance Report and Financial Statements for the year ended 31st December 2024

Contents

Constitution and Trustees………………………………… …………………………………………….............1 Officers, Advisers and Administrative details … ……………………………..................................2 Trustees Annual Report ………….............................. .....................................................................3 Auditor’s Report…………………………………………….. ……………………………………..........................9 Statement of Financial Activities...............................................................................................13 Balance Sheet.................................................................................................................................14 Cashflow statement……………………............................................................................................ 15 Notes to the Financial Statements............................................................................................16

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 2024 and to the date of signing this report were the following:

The Most Revd Albert Chama (Chair) The Rt Revd Dr Michael Beasley (Vice Chair) Mr Michael Hart (Treasurer) The Rt Revd Andrew Chan The Ven Joseph William Kofi Degraft-Johnson The Rt Revd Hemen Halder The Rt Revd Sally Hernandes (from October 2024) Ms Bev Jullien Canon Andrew Khoo Mr Michael MacKenzie Ms Lina Magallanes The Most Revd Julio Thompson Murray (until June 2024) Ms Abagail Nelson The Rt Revd Anthony Poggo Mr Reginald Robertson Revd Canon Sammy Wainaina

1

Officers of the Anglican Alliance

Chair The Most Revd Albert Chama
Vice Chair The Rt Revd Dr Michael Beasley
Chair of the Finance and
General Purposes Committee The Rt Revd Dr Michael Beasley
Treasurer Mr Michael Hart
Executive Director The Revd Canon Rachel Carnegie until 18 October 2024
Mr Robert Dawes from 19 October 2024
Registered Office St Andrew’s House
16 Tavistock Crescent
Westbourne Park
London W11 1AP, UK
Auditors Moore Kingston Smith
9 Appold Street
London EX2A 2AP, UK
Solicitors Winkworth 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 2024.

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 Sub-Committee of Trustees that also meets at least three times per year. The Audit and Risk Sub-Committee also meets annually. An ad hoc Nominations Sub-Committee is convened, as required, for the nomination of new Trustees and to oversee the recruitment process of a new Executive Director, as was the case in 2024.

Procedures have been put in place to ensure that the Trustees are made aware of their responsibilities at their first meeting, with an annual review of the responsibilities of Trustees as laid out by the UK Charities Commission. 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 and updated the organisation’s risk register. Procedures are in place to manage and reduce the risks identified, and further reviews take place regularly. An Audit and Risk Sub-Committee meets once per year and on an ad hoc basis as required.

The 2024 year end accounts saw a slight decline in the balance of unrestricted funds. The Trustees are committed to continue growing and maintaining a surplus to build an appropriate working reserve, with a target of 25% of annual staff costs achieved.

The Executive Director and Board continued to focus on establishing a viable set of funding streams through 2024 and beyond. Four new multi-year grants were secured in 2024 to provide sustainable funding, to add to the five existing annual grants from core partners. This was especially important given the transition in leadership to a new Executive Director and allows time for him to establish himself in post. The main exposure currently relates to foreign exchange movements, as some income and costs, including overseas facilitators, consultancies and activities are denominated in US Dollars. This risk is managed with prudent expenditure plans to allow for currency fluctuations, and regular reviews of budget versus actual expenditure 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

3

challenges in the current uncertain global financial context continue to be monitored, with conservative budgeting moving forward to build financial resilience.

Throughout 2024 the Board reviewed the sustainability of the Anglican Alliance operationally and financially in relation to the risks. The most significant risk relates to the current economic climate bringing potential pressures on income streams. This includes the decline in government overseas aid spending, especially in the US and UK, which may impact on the Anglican Alliance’s funding partners. There is also a risk moving into 2025 that the uncertain global financial context may impact on the general income of our key grant makers within the Anglican Communion. On a positive note, 2025 began with the highest level of funding already in place, with 80% of the 2025 budget secured before the start of the year. Additional fundraising is ongoing in early 2025. The organisations current financial resilience is supported by significant commitments to multi-year funding from key partners.

The Board and Executive Director will continue to review closely ongoing expenditure and financial projections to make the necessary budgetary provisions for 2026 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, learning 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 impact.

Its three pillars of work support the Communion within the context of the Anglican Marks of Mission in:

The work in these three pillars all interconnect. The work is all grounded in an asset-based approach, whether at community level, or in gathering the assets of the Communion as a whole. Based on regional consultations and resolutions from the Anglican Instruments of Communion, with guidance from the Board and Anglican Consultative Council Standing Committee, the Alliance currently has five strategic global priorities in which it works to support Anglican churches and agencies worldwide.

4

The Anglican Alliance is able to leverage outcomes beyond is modest resources as it brings together the human capacities, assets and financial means of Anglican churches and agencies across the world, sharing resources and expertise in collaborative effort. In 2024 the organisation’s income sustained the planned programme of activities and supported the increasing demand for the Anglican Alliance’s services. In 2024 the Anglican Alliance built on the increased activity and budget from 2023, based on major multi-year grants. This included developing further a significant legacy project of the 2022 Lambeth Conference. Programmatic highlights from 2024 include:

Disaster Resilience and Response

Promoting Thriving Communities through Asset-Based Church and Community Transformation

Tackling Social Inequalities

5

People on the Move: Migrants, Refugees and Human Trafficking

Safeguarding Creation: Climate and Biodiversity

Current situation of the Alliance

The Anglican Alliance has now been operating for over fourteen years. During this time, it has established a strong reputation for connecting and equipping the worldwide Anglican churches and agencies to bring about transformational change in the lives of the poor and vulnerable and to safeguard the environment, in line with the Anglican Communion’s Five Marks of Mission.

The Anglican Alliance also has an important convening function within the Anglican Communion. The experienced Executive Director, who retired in 2024, had been in post since 2014, leading a small secretariat in the UK and a team of regional and project facilitators around the world, with a Senior Adviser based in Africa. This year the Trustees led a global recruitment process, and the new Executive Director stepped into role in late October 2024.

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 UK based secretariat, in gathering forums to guide and support collaborative learning and action.

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 both national and global levels.

6

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; no value is attributed to this, as the St Andrews Community do not charge any rent. However a value is imputed for donated staff time from the Anglican Consultative Council for provision of financial services.

Grant-making Policies

The Anglican Alliance is not established as a grant-making body and makes very few grants. Where a sub-grant is required to deliver on a specific initiative, the Anglican Alliance administers this in accordance with the restricted purposes for which the funds were originally donated. Grants are paid as soon as an agreement has been approved. Clear deliverables are agreed and monitored, with financial and narrative reporting as required.

Financial Report for the year to 31 December 2024

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 Report and Financial Statements are for the year ended 31 December 2024.

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).

The Balance Sheet sets out the overall financial position of the Anglican Alliance at 31 December 2024. 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 2024 were £325,363 (2023: £286,981).

Cash balances were £353,250 (2023: £324,540) as set out in the Statement of Cash Flows which accompanies these financial statements.

The General Fund generated net expenditure of £9,132 and had a balance at 31 December 2024 of £62,312 (2023: £71,444).

The Restricted Fund Balance at 31 December 2024 was £263,051 (2023: £215,537).

7

Reserves Policy and Going Concern

The balance of free reserves as at 31 December 2024 was £60,667 (2023: £71,356).

While the Trustees note the General Fund net deficit for the year, careful cost control and negotiation with donors to permit restricted grants to contribute towards core costs has allowed for the buildup of reserves in recent years which are able to cushion the deficit. 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 £360,000 per year and over 90% of these costs are staff costs. The Trustees’ policy is to establish unrestricted reserves sufficient to cover three months of operating costs – currently c.£90,000.

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 steps needed to be taken in order to make themselves aware of any relevant audit information and to establish that the charity’s auditors are aware of that information.

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

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

Approved by the Trustees and signed on their behalf by:

The Rt Revd Dr Michael Beasley Vice Chair

Date: 16[th] July 2025

8

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF ANGLICAN ALLIANCE

Opinion

We have audited the financial statements of Anglican Alliance (the ’company’) for the year ended 31 December 2024 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 charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

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

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

We have nothing to report in this regard.

9

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF ANGLICAN ALLIANCE

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

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

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 8, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditor’s responsibilities for the audit of the financial statements

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

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

10

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF ANGLICAN ALLIANCE

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

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

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

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

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

11

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF ANGLICAN ALLIANCE

Our approach was as follows:

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

Use of our report

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

M ons Kine Look. LU

James Cross (Senior Statutory Auditor)

for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

9 Appold Street London EC2A 2AP

Date: 4 September 2025

12

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 Balance Sheet at 31 December 2024

**Notes ** Unrestricted Restricted 2024 **Unrestricted ** Restricted 2023
£ £ £ £ £ £
Fixed Assets 6 1,645 - 1,645 88 - 88
Current Assets
Debtors 7 9,236 - 9,236 668 12,500 13,168
Cash 90,199 263,051 353,250 121,503 203,037 324,540
99,435 263,051 362,486 122,171 215,537 337,708
Current Liabilities
Creditors
within one year 8 38,768 - 38,768 50,815 - 50,815
38,768 - 38,768 50,815 - 50,815
Net Current Assets 60,667 263,051 323,718 71,356 215,537 286,893
Net Assets 62,312 263,051 325,363 71,444 215,537 286,981
Funds of the Charity 10 62,312 263,051 325,363 71,444 215,537 286,981

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 Dr Michael Beasley, Vice Chair

Date:

16[th] July 2025

14

Anglican Alliance Statement of Cash Flows For the year Ended 31 December 2024

Cash inflow/(Outflow) from
Operations
Net Income/(Expenditure)
Depreciation
Increase/(Decrease) in Creditors
(Increase)/Decrease in Debtors
Inflow/(Outflow) from Operations
Investing Activities
Purchase of Fixed Assets
(Outflow) from Investment
Increase/(Decrease) in Cash in the year
Cash at 1 January 2024
Total Cash at 31 December 2024		 Total
2024
£
38,382
323
(12,047)
3,932
30,590
(1,880)
(1,880)
28,710
324,540
353,250		 Total
2023
£
149,374
463
(63,434)
9,659
96,062
-
-
96,062
228,478
324,540

15

Anglican Alliance Notes to the Financial Statements for the year ended 31 December 2024

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.

Tangible fixed assets are depreciated on a straight-line basis over their estimated useful life. The period used for Information Technology Equipment is 4 years.

16

Anglican Alliance Notes to the Financial Statements for the year ended 31 December 2024

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

General Funds
Charitable Activities
Development
Relief
Advocacy
Capacity Building
Regional Meetings
Unrestricted Expenditure
Restricted Funds
Charitable Activities
Development
Relief
Advocacy
Capacity Building
Regional Meetings
Restricted Expenditure
Total Expenditure		 Staff
Direct
Support
Total
Costs
Costs
Costs
2024
£
£
£
£
62,743
8,553
15,054
86,350
50,215
11,166
10,354
71,735
12,530
2,658
4,702
19,890
37,685
5,677
9,403
52,765
-
2,517
-
2,517
163,173
30,571
39,513
233,257
91,007
48,708
1,551
141,266
30,000
-
(1)
29,999
77,186
20,713
8,289
106,188
108,550
200,569
11,961
321,080
-
306,743
269,990
21,800
598,533
469,916
300,561
61,313
831,790		 Total
2023
£
93,138
71,964
23,568
47,372
13,624
249,666
75,923
-
78,325
163,991
-
318,239
567,905
Analysis of Support Costs
Office Expenses
Governance
Website and Publicity		 Total
Total
Development
Relief
Advocacy
Capacity
Building
2024
2023
£
£
£
£
£
£
5,241
2,767
9,212
13,806
31,026
14,085
11,364
7,586
3,779
7,558
30,287
28,048
-
-
-
-
-
3,362
16,605
10,353
12,991
21,364
61,313
45,495

17

Anglican Alliance Notes to the Financial Statements for the year ended 31 December 2024

Note 4 Net Movement in Funds is after charging:
Audit Fees
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
Other staff Costs
Number of employees whose emoluments were in excess of £60,000
£60,000 - £69,999
Expenses reimbursed to one (2023: 3) trustees as meeting expenses:		 Total
2024
£
7,500
2,382
323
Total
2024
9		 Total
2023
£
7,500
2,259
463
Total
2023
9

5
4		 3
3
9 6
£ £
357,484
25,769
22,237
37,877
26,549		 298,507
18,973
16,655
37,134
-
469,916 371,269
2 1
£
792		 £
1,783

No remuneration was paid to Trustees during the year (2023: Nil)

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 £97,157 (2023: £80,780).

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.

18

Anglican Alliance Notes to the Financial Statements for the year ended 31 December 2024

Note 6 Fixed Assets

Fixed Assets
Cost
At 1 Jan 2024
Additions
At 31 December 2024
Accumulated Depreciation
At 1 Jan 2024
Charge for period
At 31 December 2024
Net Book Value
At 31 December 2024
At 31 December 2023		 IT Equipment
2024
£
£
3,166
3,166
1,880
1,880
3,166
3,166
3,078
3,078
323
323
3,401
3,401
1,645
1,645
88
88
Note 7 Debtors
Grant Receivable
Anglican Consultative Council
Other Debtors
Note 8 Creditors amounts falling due within one year
Taxation & Social Security
Accrued Expenses
Other Creditors		 2024
2023
£
£
5,000
12,500
4,236
-
-
678
9,236
13,168
2024
2023
£
£
7,401
4,953
19,161
11,098
12,206
34,764
38,768
50,815

19

Anglican Alliance Notes to the Financial Statements for the year ended 31 December 2024

Note 9 Total Funds Movement, including Restricted Funds

General Funds
Restricted Funds
Gender Justice
Anglican Youth Network
Christian Aid Partnership
Tear Fund Middle East
CFA Facilitation
Tear Fund Partnership
Communion Forest
Resilience Course
Agents of Change
Total Funds		 Opening
Balances
Income
Expenditure
Closing
Balances
at 1/1/2024
at
31/12/2024
£
£
£
£
71,444
224,125
233,257
62,312
32,456
88,969
81,680
39,745
20,000
1,287
21,287
-
50,000
41,547
8,453
35,000
30,000
5,000
20,000
20,000
50,000
20,000
30,000
(5,167)
120,097
79,717
35,213
76,233
91,217
115,326
52,124
92,015
189,477
208,976
72,516
215,537
646,047
598,533
263,051
286,981
870,172
831,790
325,363

Restricted Funds are described below:

Gender Justice – GJ01 – Funds to support the salary and official travel of the Director for Gender Justice and GJ03 – Funds to support Gender Justice Projects around the Anglican Communion, including theological, practical and safeguarding dimensions.

Anglican Youth Network – in full, ‘Gender Justice training for the ACYN’ (Anglican Communion Youth Network) . A project for training young Anglican leaders in promoting gender justice, with theological and social dimensions.

Christian Aid Partnership – a partnership fund with Christian Aid, supporting core costs of the Anglican alliance and jointly agreed initiatives in gender, economic and environmental justice around the Anglican Communion.

Tear Fund Middle East – A fund to support the Anglican Communion’s role in facilitating a Communionwide partnership of agencies supporting the Episcopal Diocese of Jerusalem’s ministry in health and education.

CFA Facilitation – A project to build leadership and facilitation skills of young female Anglicans, supported by the Community of St Andrews.

20

Anglican Alliance Notes to the Financial Statements for the year ended 31 December 2024

Tear Fund–Anglican Alliance Partnership (2024–2027): To strengthen the global Anglican Church's capacity to support resilient and flourishing communities through Church and Community Transformation (CCT), disaster resilience, and global advocacy, leveraging Tearfund’s and the Anglican Alliance’s complementary strengths.

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

Resilience Course – ‘Partners in Resilience and Response’ - An online Resilience Course and regional response mechanism run in collaboration with Episcopal Relief and Development supporting churches to develop capacity in disaster preparedness and resilience.

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.

Note 10 Taxation

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

Note 11 Capital Commitments

There were no outstanding capital commitments at the yearend (2023: none).

21

Anglican Alliance Notes to the Financial Statements for the year ended 31 December 2024

Note 12 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 and 2. The Pension Builder Scheme, which has two subsections; a a deferred annuity section known as Pension Builder Classic, and,b. a cash balance section known as Pension Builder 2014.

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 £22,236 (2023: 16,655), of which a total of £3,733 (2023: £2,962) 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 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 effective 1 January 2024, the Board chose to grant a discretionary bonus of 6.7% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997; and a bonus on pensions in payment in respect of post April 2006 service so that the pension increase was 5% (where usually it would be calculated based on inflation up to 2.5%). This followed improvements in the funding position over 2023. 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.

22