THE CHURCH OF ENGLAND PENSIONS BOARD

Charity number: 236627
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Provides the best possible support and care, within available resources, to those who have retired from stipendiary and lay ministry within the Church of England, and to their dependants, through the provision of retirement and supported housing, and through discretionary grants to ensure beneficiaries have a minimum income standard.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£43,606,000

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Donations and legacies £15.10m
Charitable activities £25.06m
Other trading activities £0
Investments £1.81m
Other £1.63m

Total expenditure:
£38,467,000

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Raising funds £79.00k
Charitable activities £38.39m
Other £0

-£755,000 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £79.00k
Charitable expenditure £38.39m
Retained for future use £5.14m

People

179 Employee(s)

12 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 6
£70k to £80k 6
£80k to £90k 3
£90k to £100k 1
£100k to £110k 3
£110k to £120k 2
£120k to £130k 1
£150k to £200k 2
£200k to £250k 2

Fundraising

No information available

Trading

This charity has one or more trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
Who the charity helps:
  • Elderly/old People
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Individuals
  • Provides Other Finance
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 23 April 1993: Standard registration
  • 26 June 2003: Removed (Funds transferred (gi))
  • 26 June 2003: Funds transferred to
Organisation type:
Other
Other names:
  • BISHOP MORLEY COLLEGE (Working name)
  • CHURCH WORKERS PENSIONS AUGMENTATION FUND (Working name)
  • CLERGY (WIDOWS AND DEPENDANTS) PENSIONS AUGMENTATION FUND (Working name)
  • CLERGY PENSIONS AUGMENTATION FUND (Working name)
  • CLERGY RETIREMENT HOUSING TRUST (Working name)
  • CLERGY WIDOWS AND DEPENDANTS PENSIONS AUGMENTATION FUND (Working name)
  • SUFFOLK CLERGY HOUSING TRUST (Working name)
  • THE CHURCH WORKERS PENSIONS AUGMENTATION FUND (Working name)
  • THE REV JOSHUA CASE TRUST (Working name)
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

12 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
HAROLD CLIVE MATHER Chair 01 May 2019
THE MATTHEW 25 35 TRUST
Received: On time
CHURCH OF ENGLAND CENTRAL SERVICES
Received: On time
Rev Trudie Anne Wigley Trustee 01 January 2025
DORCAN CHURCH SWINDON
Received: On time
THE BRISTOL DIOCESAN BOARD OF FINANCE LIMITED
Received: On time
Victoria Paramour Trustee 01 January 2025
None on record
Rev Eleanor Robertshaw Trustee 01 July 2021
None on record
Ian Wilson Trustee 01 July 2020
THE ROYAL COLLEGE OF GENERAL PRACTITIONERS
Received: On time
ANTHONY NEIL KING Trustee 10 January 2020
None on record
Michaela Southworth Trustee 01 December 2018
None on record
Rev Caroline Titley Trustee 01 March 2018
None on record
Nikesh Patel Trustee 01 March 2018
None on record
Maggie Rodger Trustee 01 January 2016
None on record
Roger Boulton Trustee 01 January 2016
None on record
Emma Osbourne Trustee 01 January 2016
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £35.12m £29.08m £29.07m £31.66m £43.61m
Total expenditure £31.11m £29.68m £30.24m £34.86m £38.47m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £10.88m £6.17m £6.13m £6.40m £15.10m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £20.51m £21.04m £20.44m £22.14m £25.06m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £1.62m £1.39m £1.66m £1.61m £1.81m
Income - Other £2.12m £479.00k £844.00k £1.52m £1.63m
Income - Legacies £5.65m £785.00k £597.00k £739.00k £83.00k
Expenditure - Charitable activities £31.08m £29.63m £30.18m £34.78m £38.39m
Expenditure - Raising funds £23.00k £49.00k £68.00k £81.00k £79.00k
Expenditure - Governance £125.00k £121.00k £112.00k £118.00k £191.00k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £49 £67.00k £81.00k £79.00k
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £259.02m £260.06m £259.17m £258.66m £259.80m
Long-term investments £42.27m £41.74m £46.86m £41.68m £40.86m
Other assets £11.13m £7.43m £5.77m £5.27m £6.66m
Defined benefit pension scheme asset or liability -£775.00k -£624.00k -£465.00k -£320.00k £0
Total liabilities £182.72m £180.77m £179.48m £181.72m £179.21m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 24 July 2024 On Time
Accounts and TAR 31 December 2023 24 July 2024 On Time Download Open in new window
Annual return 31 December 2022 22 September 2023 On Time
Accounts and TAR 31 December 2022 22 September 2023 On Time Download Open in new window
Annual return 31 December 2021 09 August 2022 On Time
Accounts and TAR 31 December 2021 09 August 2022 On Time Download Open in new window
Annual return 31 December 2020 25 August 2021 On Time
Accounts and TAR 31 December 2020 25 August 2021 On Time Download Open in new window
Annual return 31 December 2019 14 August 2020 On Time
Accounts and TAR 31 December 2019 14 August 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

THE CHURCH OF ENGLAND PENSIONS MEASURE 2018 AS AMENDED BY THE LEGISLATIVE REFORM (CHURCH OF ENGLAND PENSIONS) ORDER 2021

Charitable objects

THE ADMINISTRATION OF CLERGY PENSIONS IN ACCORDANCE WITH THE PROVISIONS OF THE CLERGY PENSIONS MEASURE 1961. SEE SCHEME FOR FURTHER DETAILS.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Linked charities

Linked charities
Linked charity 236627-1 BISHOP MORLEY'S COLLEGE
Governing document
SCHEME OF THE CHARITY COMMISSIONERS DATED 12 MARCH 1974, RESOLUTION MADE UNDER SECTION 3 OF THE CHARITIES ACT 1985, SCHEMES DATED 13 FEBRUARY 2001, AND 16 DECEMBER 2002.
Charitable objects
PROVISION OF RESIDENCE FOR WIDOWS OF CLERGYMEN OF THE CHURCH OF ENGLAND OR ANY PERSONS IN NEED NOT LESS THAN 50 YEARS OLD BEING A RETIRED MEMBER OF THE CHURCH OF ENGLAND CLERGY OR THEIR SPOUSE, WIDOW OR WIDOWER (SEE SCHEME FOR FURTHER DETAILS). THE INCOME OF THE CHARITY FOR THE BENEFIT OF RESIDENTS OF THE CHARITY OR ANY OF THEM IN SUCH MANNER AS THE TRUSTEES THINK FIT FROM TIME TO TIME. (CHARITY WAS PREVIOUSLY REGISTERED ON 204201).
Area of benefit
TAUNTON, WINCHESTER, WORCESTER, CANTERBURY AND ELSEWHERE.
Registration history
  • 23 April 1993 : Standard registration
  • 26 June 2003 : Removed
  • 26 June 2003 : Asset transfer out

Contact information

Address:
C OF E
PENSIONS BOARD
29 GREAT SMITH STREET
LONDON
SW1P 3PS
Phone:
02078981000
Email:
housing@churchofengland.org
Website:

www.cepb.org.uk Open in new window