Charity Registration No. 1104514 Company Registration No. 04910075 (England & Wales) The Church of England Evangelical Council (CEEC) (Limited by Guarantee) Annual Report and Financial Statements For the year ended 31 March 2024
The Church of England Evangelical Council Annual report and financial statements- 31 March 2024 Contents Page Trustees. report Independent examlner's report Statement of financial activities Balance sheet 10 Notes to the accounts 11
The Church of England Evangelical Council Trustees. report 31 March 2024 The trustees present their report and financial statements for the year ended 31 March 2024. The Church of England Evangelical Council I'CEEC, or'the Council.) is a private company, limited by guarantee (registered no. 04910075) ('the companyl. and a charity registered in England & Wales (registered no. 1104514) I'the charity). The company and the charity are controlled by a Constitution (most recently updated and approved in January 2022) and by the company's Memorandum and Articles of Association. As set out therein, the financial statements have been prepared in accordance with the accounting policies set out in Note 1, comply with the Council's Constitution, the requirements of relevant UK company and charity law, and the accounting and reporting requirements of UK registered charities. Object The object of CEEC is the advancement of the Christian religion incorporating the beliefs and doctrines set out in the Basis of Faith within its Constitution. Constitution and aims CEEC was first created by the Revd Dr John Stott CBE sometime Rector of All Souls. Langham Place, London, Chaplain to HM The Queen and leading evangelical theologian, to provide a 'collective" evangelical voice within the Church of England. CEEC was registered as a UK charity in December 1969 and incorporated in September 2003. As set out in its Constitution. CEEC aims are: To promote effective consultation between Anglican Evangelical leaders in order that the evangelical heritage as expressed in the Basis of Faith may be applied to contemporary opportunities and problems in church and nation. To seek primarily to identify key issues, to work for the development of a common mind and concerted action on each, and should this not prove possible, to map out the different views held. To seek to relate to, interact with, and encourage diocesan evangelical fellowships. societies and other groups working within the evangelical constituency, and those working within the formal structures of the Church of England. To att as the English agent for the Evangelical Fellowship in the Anglican Communion IEFACI. To be a channel for establishing and maintaining relationships with evangelicals in other churche5. CEEC exists as an overarching group to which evangelical organisations, networks, institutions and churches can belong, based on common understanding of the Christian faith and its Anglican expression, and united by a common vision to promote and maintain orthodox evangelical theology, ethics and liturgy at the heart of the Church of England. Diocesan evangelical fell0vhIp (DEFS) are the de facto representative bodies of CEEC in each diocese. CEEC is particularly concerned to encourage evangelism. bible-based and Christ-centred formation of discipleship, evangelical leadership within the Church of England, and evangelical unity within and outside Anglicanism. CEEC is also the representative body for EFAC in England.
The Church of England Evangelical Council Trustees. report 31 March 2024 Governance and ory•nis)tion Trustees CEEC currently has five officers, a president (rrMallY a diocesan bishop), two co-chairs, a secretary and a treasurer. The officers are the directors of the company and the trustees of the charity. The officers are appointed by CEEC for a term of four years and may be available for re-election. The trustees are responsible for the strategic direction and policy of the charity under the direction of the Council,. they are also responsible for the day-to-day running of the charity, with the help and advice of the Working Group. The trustees ensure that Ci) the charity is carrying out its purposes for the public benefit in accordance with its Constitution, lil) the charity is in compliance with the Constitution and UK charity law, liiil the charity's assets and resources are appropriately safeguarded and only used to support or carry out CEEC'S purposes, and (iv) there is appropriate oversight and accountability of any staff and committees regarding their activities and decisions. During the year ended 31 March 2024 and to the date of this report, the Trustees of CEEC were as follows: Rt Revd Julian Henderson (President) Revd Elisabeth Goddard (Co-chair) Ed Shaw {Co-chair} Sarah Tett Isecretary) Stephen Hofmeyr KC {Treasurer) Council The entire Council meets residentially, once a year. and at other times as required, with the subsequent outworking and implementation of policy being delegated to a Working Group appointed by the Council. The Council's membership comprises some 40 to 50 representatives from across the evangelical constituency of the Church of England.. the College of Bishops, the Evangelical Group of the General Synod (EGGS}, theological education institutions, Evangelical organisations (Christianity Explored, Church Society. CMS, Count Everyone In, CPAS, Crosslinks, Fulcnjm, JAEC, Junia Networl Latimer Trust, Living Out, New Wine and ReNew) and diocesan evangelical fellowships IDEFS). Up to ten members can be co-opted to ensure further breadth of representation. Upon admission to membership of the Council, each member affirms their agreement wth CEEC'S Object and Basis of Faith, including the two additional declarations. These are set out in the Constitution, full detai15 of which are available at ww.( c.inf Work(ng Gmup The Working Group has responsibility for ouNiorking and implementation of policy agreed by the Council between the Council's annual meetings. The Group is appointed by the Council and comprises 6 to 10 members. of whom at least one-third should be lay people. Staff Following the appointment on 2 May 2023 of the Rt Revd Julian Henderson as Working President for a one year term, CEEC had a staff team of 4 during 2023/4, the other stsff team members being the Revd Canon
The Church of England Evangelical Council Trustees. report 31 March 2024 Dunnett {who resigned from the role of Strategy and Operations Director to be appointed as National Director on l May 2023), Jo Foster (Administration Manager) and Helen Catt (Communications Difectorl. As National Director, John was a member of the Working Group and attended meetings of the Council. Jo Foster attends, and provides administrative support to both the Working Group and the Council. Julian Henderson and Helen Catt also attend meetings of both the Working Group and the Council. Julian is also a trustee and consent was obtained from the Charity Commission prior to him taking up the role of Working President. Publlc benefit The Trustees recognise their responsibilities towards public benefit under the requirements of the Charities Act 2011 and have had regard to the guidance from the Charity Commission on public benefit. The Trustees believe that the Christian faith that CEEC professes - and which underpins everything that CEEC does - is for the common good of every member of Society. We therefore believe that CEEC fulfils the public benefit test required of charities. Whilst some of CEEC'S work is of specific benefit to the charitys individual. church and organisation members, CEEC is an outward-looking organisation, committed to the positive transformation of all people in society. CEEC therefore strives to ensure that the benefits worked for are not exclusive to its members or to evangelical Anglicans. The trustees firmly believe that following Christ changes lives for the better. However. they accept the right of individuals to have, and to express, differing beliefs or no belief. A central part of the Christian faith is the desire to see justice for all, regardle55 of age, ethnicity, seL class or religion. To this end, CEEC advances the Christian religion by enabling and supporting biblically faithful fellowship. teaching and mission in England. Key actlvlties and oulcomes Artiwties during the financiolyeGr 2023-2024 The Council met by Zoom in May and September 2023, and in Febwary 2024 and in-person for the Counal's annual two-day residential meeting in January 2024, to discuss matter5 of concern to evangelicals in the Church of England. During these meetings, the Council: received bible readings and spent time in prayer co-opted additional members to the Council and appointed additional members to the Working Group received a report from the Wothing Group for 2023 received reports from Dr Martin Davie ICEEC'S Theologica5 Consultant), EFAC and the Welsh and Scottish branches of EFAC received reports concerning DEFS and EGGS were briefed and trained by the Revd David Short from Vancouver and the Revd Steve Midgley of Biblical Counselling UK held discussion sessions on: Liwng in love and Folth and Proyers of Love ond Faith, focussing on key theological. ecclesial and methodological issues and the potential need for visible differentiation with the Church of England
The Church of England Evangelical Council Trustees. report 31 March 2024 Key actlvltles and outcomes (contd) Globol South Fellowship of Anglicans Churches IGSFA) and voted to apply for mission partner ststus several CEEC workstreams including Privilege, Class ond Poverty.. EVangelm,. Educotion.. and Culture. Power ondAbu5e considered plans for CEEC'S development in terms of organisation, management, stsffing and finance approved a budget for CEEC for 2024 approved the annual report and financial statements for the year ended 31 March 2023 re-appointed Azets Audit Services as CEEC'S independent examiners elected a Working Group for 2024 and agreed a vision for the Working Group for 2024 Objectives ond plans for 2024 At its meeting in January 2024, the Council set the following priorities for the Working Group and Staff (giving the Working Group permission to prioritise items within their discretion)- Strategic priorities Fostering unity, through representation of CEEC'S diversity (networks, clergy/laity, male/female, ethnicty) across CEEC bodies engagement with evangelical bishops participation in the initiatives of the 'Alliance' engagement with the Evangelical Alliance providing support, standing with and finding ways of helping any evangelicals (in the CofE / British Isles as a whole), who find themselves in impaired fellowship, or creating disturbance, as a result of theif Orthodox preaching/ pastoring, to remain within the Church of England, or retain options to rejoin PLF and differentiotion/pmvision provide leadership and resources for the evangelical constituency {inc in General Synod) to enable a robust response to any changes to dottrine, liturgy, discipline or practice proposed by the House of Bishops, whilst maintaining evangelical unity provide or enable temporary provision or structures and relational connections which support orthodox clergy and congregations to remain in the Church of England with integrity during nrtaInty and transition, including, but not limited to.. alternative structures for giving and offering parish Sha (induding the launch of the Ephesian Fund as a charitable trust) alternative SPiTitual oversight for incumbents, chaplains and curates without orthodox episcopal oversight development of pipelines for orthodox ordinands, officers (lay and ordained) fel10vh1P - locally, nationally and globally explore potential future relationship for CEEC with GFSA Potronoge develop a strategy to diminish the dilution of patronage influence in pastoral reorganisations support evangelical patrons to preseNe orthodox patronage
The Church of England Evangelical Council Trustees. report 31 March 2024 Christian education + RSE safeguarding Christian values and supporting a Christian ethos in CofE schools encouraging orthodox Christian teachers/ headteachers in Church schools Evongelism encouraging evangelism in every parish, preaching a gospel of repentance arKI faith afresh in this generation Privilege. class + povety finalising, communicating and gathering support for strategies for enabling churches to support ministry in deprived areas rural and urban in meaningful and contextually appropriate ways DEF- establishmen¢ engagement & sUPPOrt regular engagement with and encouragement of DEFS national in-person DEF meeting{s) formation of new DEFS and, as applicable, encouraging DEFS to adopt constitutions based on the CEEC Basis of Faith and Declarations Watchin9 briets Add$$ emerging issues Identify potential future leaders Culture, power and abuse o Relationships beyond England Consider o wpeline of potentiol future workstreams Opemt(onal priorities Council affairs, including filling membership vacancies and planning for the 2025 residential Develop proposals to become a Charitable Incorporated Organisation Build national e-bulletin subscriber base Communications - build this strategy Administration, finance and risk management Fundraising Financial review The financial results for the CEEC are set out in the Ststement of Financial Activities on page 9. The principal funding source for the charity is voluntsry income from donors. During 2023R4, CEEC had totsl incorne of £417,896 {2022123 - £229,528), comprising donations and grants of £412,788 (2022/23 - £226,095) and investment income of £5,108 (2022/23 - £3,433), as detailed in Notes 2 and 3 to the financial statements respectively. Donations included amounts totalling £36,750 (2022123 £21,250) specifically to support the Vrk of CEEC'S Theological Consultsnt. Total expenditure on charitable activities was £284,725 (2022123 £269,844), as detailed in Note 4 to the financial statements. including £34,800 (2022123 - £31.096) in respect of CEEC'S Theological Consultant. After investment gains of £8,9S5 (2022123 - losses of £3,648), CEEC had net incoming funds for the year of £142,126 {2022/23 - net outgoing funds of £43.964). As a result, at the end of the financial year. CEEC had net assets of £294,869 (2023 £152.743), as detailed in the balance sheet set out on page 9. The principal assets of the charity were investments of £107,974 (2023- £99,019) and cash of £180.862 (2023 - £48,283).
The Church of England Evangelical Council Trustees. report 31 March 2024 rimnclal revlew (contd) Investment policy and objectives To provide a stable retum on investment, the charty has invested its available resources with The CBF Church of England Investment Fund. Further resources have been placed in the CBF Church of England Deposit Fund, to balance the availability of the resources and the return on the investment. Reserves polity CEEC'S free reser4es at 31 March 2024 totalled £270,865 (2023 - £130,689), comprising the charity's total unrestricted funds. The trustees review the level of free reserves annually and have established a policy to ensure that the level of uncommitted. unrestricted funds held by the charity are sufficient to meet a range of unpredictable expenditure, including a significant drop in funding. The Trustees keep this reserves policy under regular review. Finonciol plans fvr 2024-2025 The Trustees are continuing to focus on developing regular financial income streams from network members, trusts, churches and individual supporters. Until there is greater certainty concerning future income. it will be necessary to manage day-to-day operations carefully to ensure that the charty's cash flow is appropriately controlled. Gratitude for donors, SUPPOrt During 2023124, God has continued to be generous in His provision for us. We believe that if we act as responsible stewards of the gifts that He has given to us. He will continue to provide for CEEC'S ministry in 2024 and beyond. F*in¢ipal risks The trustees have identified and reviewed the major risks to which CEEC 15 exposed and are satisfied that appropriate processes are in place to mitigate those risks. The key risk to which the charity is exposed is the lack of a regular stream of income from donors and the consequent risk of being able to maintsin the level of current operations. Trustees. responsibilities in relation to the financial 5tstements The trustees are responsible for preparing an annual report and financial statements for CEEC in accordance with applicable law arKI United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial ststements. the trustees are required to: • select suitable accounting policies and then apply them consistently. . observe the methods and principles in the applicable Charities, Statement of Recommended Practice (SORP)," make judgements and estimates that are reasonable and prudent;
The Church of England Evangelical Council Trustees. report 31 March 2024 Trustees. resF>onsibllltl•s In relation to the financial statements (contd) state whether applicable accounting standards have been followed, subjert to any material departures that must be disclosed and explained in the financial statements; • prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the charitys trusts. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial Statements. The twstees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accountin9 and Reporting by Charities. issued in March 2005. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Constitution, the Companies Act 2006 and 'Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" Advls•rs Bankers Investment Managers CAF Bank CBF Church of England Investment Fund,. CBF Church of England Deposit Fund, Azets Audit Seplices, 1" Floor, 55 Ffordd William Morgan, St Asaph Business Park. St Asaph LLI 7 OJG 1" Floor, 55 Ffordd William Morgan, St Asaph Business Parl St Asaph LL17 OJG Independent Examiner Registered office W•bsit• The charity's website address is www Signed on behalf of the Trustees who approved this report on . 2024 Sarah Tett secretary
The Church of England Evangelical Council Independent Examiner's report 31 March 2024 I report to the trustees on my examination of the financial statements of The Church of England Evangelical Council ('the Council? for the year ended 31 March 2024, which are set out on pages 9 to 16. Responsibilities and basis of report As the trustees of the Council land also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirernents of the Companies Act 2CM)6 (the 2006 Act). Having satisfied rnyself that the financial statements of the Council are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the council's financial statements carried out under section 145 of the Charities Art 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on l April 2005, which is referred to in the extant regulations but has now been withdrawn. l understand that this ha5 been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe thac in any material respect: 1. Accounting records were not kept in respect of the tharity as required by section 130 of the 2011 Act,. or 2. the financial statements do not accord with those records; or 3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination
The Church of England Evangelical Council Independent Examiner's report 31 March 2024 Jonathan Ward FCA for arKI on behalf of Azets Audit SeNices 1" Floor 55 Ffordd William Morgan St Asaph Business Park St Aspah LLI 7 OJG 1 * / ..2024
The Church of England Evangelical Council ststement of financial activities Year ended 31 March 2024 --year ended 31 March 2024----_. 2023 unrestrfC Restrlcted Totsl Funds Funds Funds (G•neral) Total Funds IN¢)te 9} Note5 Income Donations and grants received Investment income 376,038 5.108 36.750 411788 5,108 226,095 3,433 Totsl Income 381,146 36.750 417,896 229,528 Expendlture Charitsble activities 1249.9251 {34.8CQI 1284,7251 1269,844) Net intomel(expenditure) 131.221 1.950 133.171 140,316} Net Ilosses)/gains on investments 8,955 8,955 (3,648) Net incoming fiinds for the ywr Funds at beglnnlng of year 140,176 130,689 1,950 21054 141126 151743 {43,964) 196,707 Funds at end of ye•r 270.865 24,IJ04 294,869 152,743 The statement of financial activities includes all gains arbd losses recognised the year and cornplies with the requirements for an income and expenditure account under the Companies Act 2. All income and expenditure derive from continuing activities. 10
The Church of England Evangelical Council Balance sheet 31 March 2024 2024 2023 Current assets Investments Debtors and prepayment5 Cash at bank 107,974 11.162 457.641 99,019 6,778 48,283 12 576,777 154.080 Current Ilabllltles Creditots". amounts falling due within one year Other creditors (5,1291 127&7791 (1,337) 12 Net current assets beln9 net assets 294,869 151743 Funds Unrestrirted funds - general Restricted fvnds 10 10 270,865 24,004 130,689 22,054 294,869 152,743 The company is entitled to the exemption from the audit requirement contained in Secti¢ 477 of the Cornpanies Act 26, for the year ended 31 March 2024. The trustees acknowiedge their responsibilities for ensuring that the charity keeps accounting records thich comply with section 386 of the Act and for preparing financial ststements which give a true and fair view of the state of affairs of the company as at the end of the finanaal year and of its incoming resources and application of re5wrces includin9 Its income and expenditure, for the financial year in accordance with the requirefflents of sections 394 and 395 and which othernise compty with the requirements of the Companies Act 2006 relating to financial ststement& so far as applicable to the company. The members have not required the company to obtain an audit of its finanaal statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subjert to the small companies regime. Approved on behalf of the Tnste ephen Hofm Treasurer Sarah Tett Secretsry 11 December 2024
The Church of England Evangelical Council Notes to the financial statements Year ended 31 March 2024 1. A¢¢ountlng policle5 The Church of England Evangelical Council is a private company, limited by guarantee and incorporated in England and Wales. The registered office is 1 Floor, 5S Ffordd William Morgan. St Asaph Business Parl St Asaph LL17 OJG. (a) B•sls of preparation The financial statements have been prepared in accordance with the Council's Constitutiory the Companies Act 2006 and "Accounting and Reporting by ChaTities'. Ststement of Recommended Practice applicable to charities pparIng their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)" The charity meets the definition of a public benefit entty under FRS 102. The Council has taken advants9e of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Ststemert of Cash FIONS. The fironcial ststements are prepared in pounds sterling, which is the funttional currency of the Council. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. m¢Jdified to indude the revaluation of certain financial instruments at fair value. {b) Golng concern At the time of approving the financial ststement& the trustees have a reasonable expectation that the Council has adequate SOUrCeS to continue in operational existence for the foreseeable future. Accordingly, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. (c) Fund accounting Unrestr(cted fvnds represent funds that are not subject to any constraints regarding their use and are available for the general purposes of the charity- Restricted funds repiesent donations or grants received for a specific purpose. These lunds may only be expended on the specific object for which they were given. Detsils of the $trIcted hjnds a provided in note 10. {d) Donalions, grnnts andlègacles Donations, grants and legacies are recognised then the entitlement to the economic benefit has passed to the charty and its monetary value can be measvred reliably. Amounts receivable under forms of planrkd giving are only recognised when received from the donor. Grants and legacies are accounted for when entitlement is notified, the amount receivable 15 quantifiable and its ultimate receipt is probable. Income tax recoverable on donation5 received under Gift Aid is recognised at the time of the claim. Imiestment Inumne Dividend and interest income from investments are recognised on an accruals basis upon receipt from the investment managers. (f) Exp•ndlture All expenditure is accounted for on an accruals basi (g) Invostm•nts Invesknents are stated at market value at the balance sheet date. Realised gains and losses are recogrmsed upon the disposal of investments. Unrealised gains and losses are accounted for on the revaluation of investments at the year end and are tsken to the Statement of Financial Attivities. (e) 12
The Church of England Evangelical Council Notes to the financial statements Year ended 31 March 2024 Accounting policies {eontd) (h) Cash and cash equlvalents Cash and cash equivalents include cash in hand, depostts held at call with bank5, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. financial instruments The Council has elected to apply the provisions of Section 11 'Basic Finanoal Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instrument5. (i) Financial instruments are recognised in the Council's balance sheet when the Council becomes paty to the contractual provisions of the instrument Financial assets and liabilities are offsrt with the net amounts presented in the financial Statements, when there is a legally enforceable right to set off the re(ognised amounts and the is an intention to settle on net basis or to alIse the asset and settle the liability simultsneously. Basic ffftoncial a55ets, which include debtors and cash and bank balances, are initially measured at transaction price including transattion costs. Financial assets classified as receivable within one year are not amortised. Bosic finoncial liabilities, including creditors and bank loans, are initially fecognised at transaction price unless the arrangement constitutes a financing transaction. Trade creditors are obligations to pay for gI)dS or savices that have been acquired irs the ordinary course of operations from suppliers. Amounts payable are classified a5 current liabilities if payment is due within one year or less. If not they are presented as non-current liabilities. Trade creditor5 are recognised initially at transattion prlce and subsequently measured at amortised cost using the effective interest method. Derecognition of financiol liotslitie5.' Financial liabilities are derecognised when the Council's contractual obligation5 expire or are discharged or cancelled. 1.1 Critical accounttNJ estimates and Judgements In the application of the Council's accounting policies, the tru5tee5 are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be leVant. Actual results may differ from these estimates. The estimates and Undering assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods wFEre the revision affects both current and future periods. There were no critical accounting estimates and judgments in the year to 31 March 2024. 13
The Church of England Evangelical Council Notes to the financial statements Year ended 31 March 2024 DoMllon$ and grants recknble --year ended 31 March 2024------- 202213 Unrestricted Resirfrted T**al Funds Funds Funds (General) Total Funds Churches Individuals Diocesan Evangelical Fellowships (DEFS) Trusts Council meeting donatior Gift Aid Other 55,804 218.007 2,830 54,585 11,320 24,221 9,271 55.804 233.007 2,830 71585 11.320 27,971 9,271 20,635 156,828 2,778 22,445 8,416 14.633 360 15,OCKI 18,0 3,750 376.038 36.750 412,788 226.095 In the year to 31 March 2023 restricted income totslled £21,250. Investment Income 202314 202213 Income from investments Interest receivable 4,674 434 2,867 566 5,108 3.433 14
The Church of England Evangelical Council Notes to the financial statements Year ended 31 March 2024 Expendire on ¢h8rit•ble actlvltlès - Year ended 31 March 2024- 202213 Total Funds Totsl Funds Funds (Goneva Funds Staff costs salaries pension contributions Social Security costs 121370 3,149 6,869 122,370 3,149 &869 118,359 2842 6898 131388 132,388 34,800 17,667 217 7519 31.218 631 11,781 36 128.099 31,096 7,539 572 8,312 20,843 897 14,956 441 Theological Consultant (Note 101 Other consultants Office equipment and supplies IT, communications and website stsff meetings, travel and accommodation Working Group and twstee costs Council meetirwj costs Other travel costs Grant to Evangelical Fellowship in the Anglican Communion IEFAQ Development of resources for DEFS and CEEC member networks Professional and advisory fees Insurance Books, publications and subscriptions Bank charges 34,8LK) 17.667 217 7519 31,218 631 11,781 36 10,0 10.C(KI 10,0 6.011 30,597 764 992 104 6,011 30,597 764 32.283 13.170 721 835 104 249,925 34,8¢)0 284,725 269,844 TNstees' Expens•s Payments made to the truste& as reimbursements for travel cost% am¢)unted to £1,305.45 for the year ended 31 March 20241202213 - £69.(8). Staff Costs There were 4 employees during the year (202312024). No employee received emoluments above £60,CQO in 2023124 or the prior year. 15
The Church of England Evangelical Council Notes to the financial statements Year ended 31 March 2024 CuTrènt •et Investmèr The Council holds 4,639.98 (2023 - 4,639.981 Income Share5 in the CBF Church of England Investment Fund. 2024 2023 Market value at beginning of year Additions {Losses)/gains during the ar 99,019 101667 8,955 13,6481 Market value at end of year 107,974 99,019 2024 2023 Prepayments to suppliers Other receivables 8.908 2,254 5,318 11.162 6,778 Crlt01 amounts fallin9 due within one year 2024 2023 Other CltorS 281.908 1,337 281,908 1,337 1Li Funds - 2023124------- Income Expend- GJirn/ 31 MaKh I1 (losses) 2024 1 April 2023 Unrestrlcted lunds General fund R¢strl¢ted funds Theological Consultsnt 130.689 381.146 1249,9251 8,955 270,865 22.054 36.750 134.8tXII 24CQ4 Tot•1 funds represented by net current assets 152,743 417,896 1284,7251 8.955 294.869 The restricted fund comprises income donated specifically to fund payments to the Revd Dr Martin Davie in his role as the Council's Theological Consultant. 16
The Church of England Evangelical Council Notes to the financial statements Year ended 31 March 2024 11. Prfor ye•r stat•m•nt of fimncial Ktlvliies --year end•d 31 March 2023---.-. Unrostrlcted Restrkt•d Totsl Funds Fund$ Funds {Genernl) Income Donations and grants received Investment income 204.845 3,433 21,250 226,095 3,433 Totsl Income 208,278 21,250 229,528 Exp•ndltyre Charitable activities (238,748) 131,096) (269,844) Net Income 130.4701 (9,846) 140,316) Net gains on investments 13,6481 (3,648) Net Ixitgohg In funds for the year (34,118) 19,8461 143,964) Funds at beglnnlng of y••r 164,807 31,900 196.707 Funds at end of year 130,689 21054 152,743 12. Related porty transartions EFAC received a grant of £10.LXK) from CEEC. This grant was decided by a separate working group of council members excluding Stephen Hofmeyr. th) is a common trustee of both charities. Julian Henderson, Trustee, was also a paid eM1)yee in the year for a separate role within the charity. Permission was obtsined from Charty Commission for him to receive his salary of £14,667. Andreév Goddard, husband of Trustee Lis Goddard, was paid £270 on a contractual basis for Theological Consultancy wor Induded in Cash at Bank is an amount of £27&778.61 held on behalf of the Ephesian Fund. The Ephesian Fund is a separate entity, and CEEC held these funds temporarity while the Ephesian Fund were waiting for their own bank account to be operational. Included in other creditors is a balance of £276.778.61 owed to the Ephe5ian Fund at year end. 17