The CBF Funds manage almost £3 billion on behalf of approximately 14,000 Church of England organisations and play an important part in supporting and resourcing the work of the Church. These Funds comprise five common investment funds and a common deposit fund. CBF Funds Trustee Limited is the Trustee of the CBF Funds and is one of the three National Investing Bodies of the Church of England.

The Funds are managed by CCLA which is majority-owned by the Church of England and is the largest charity fund manager in the UK. The CBF Trustee is responsible for oversight of this shareholding. All of the CBF Funds are managed to conform with The Church of England’s ethical investment policies. In total CCLA manages over £13 billion on behalf of churches, charities and Local Authorities. CCLA’s purpose is to help its clients maximise their impact on society by harnessing the power of investment markets. This requires CCLA to provide a supportive and stable environment for staff and deliver trusted, responsibly managed and strongly performing products and services to organisations, irrespective of their size. The Trustee and CCLA are currently reviewing potential changes to the structure of the CBF Funds and The Trustee is seeking two new Trustee Directors.

The Board of Trustees is looking to appoint a new Trustee to replace a retiring Trustee.

Key responsibilities for all Trustees:

• Work with the fellow Trustees to provide governance and strategic oversight;
• Work with the Chair and fellow Trustees to ensure that CBF is meeting the core objectives of the Strategic Plan and that these objectives are in line with CCLA’s mission and values;
• Ensure that the Board fulfills its governance, fiduciary, regulatory, and risk management responsibilities;
• Maintain appropriate fiscal oversight to ensure CBF's financial sustainability;
• Ensure that the organisation fulfills its legal and compliance obligation;
• Uphold the highest standards of integrity and probity;
• Develop and refresh their knowledge and skills continually, to ensure that their contribution to the board remains informed and relevant;
  
• Maintain and enhance the range of the board’s skills, expertise, experience and knowledge;
• Maintain through board integrity the reputation and profile of the Funds;
• Have the capacity to devote sufficient time to meeting preparation and attendance;
• Contribute to strategy formulation, the monitoring and assessment of the Funds' performance, the assessment of risk and control analysis and the maintenance and development of best corporate governance by the Funds;
• Contribute towards making recommendations on the future structure of the CBF Funds and the Church of England’s shareholding in CCLA

CBF Funds Ltd is seeking a new Trustee who will bring the perspective of CBF's principle client - the Church of England - to the Board. Candidates will bring demonstrable experience of the financial challenges and investment needs of the Church at the Diocesan level and ideally have served on the Board/Chapter of one a UK Diocese and have sat on, or chaired, a Diocesan Finance Committee, Investment Committee or acted as the Diocesan Secretary.

The board is equally open to candidates for whom this would be their first non-executive role and those more experienced candidates.

Candidates will have a highly collegial approach and independence of mind. Candidates will have the ability to drill into the detail and summarise, listen sensitively to other's views and communicate in plain language.

Andy Brookes - Chair

Gary Dixon - Chair of Audit Committee

Debbie Rees*
Nigel Lewis*
Stan Chan* - also Representative of EIAG (CofE's Ethical Investment Advisory Committee)
Paul Chandler
Christine Johnson - also Shareholder Representative on CCLA board
* Audit committee member

This role is unremunerated but reasonable, pre-agreed travel expenses will be reimbursed. There are four Board meetings per year and two audit committee meetings that the Trustees will be expected to attended, along with ad hoc communication when needed. On an annual basis, the time commitment is expected 6-8 days per year.