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 fell0v￿hIp (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 (r￿rMallY 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.. EVangel￿m,. 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
￿n￿rtaInty 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)
fel10v￿h1P - 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 V￿rk 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
2￿6, 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 p￿parIng 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 Under￿ing 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
Expendi￿re 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
Cr￿lt01* amounts fallin9 due within one year
2024
2023
Other C￿ltorS
281.908
1,337
281,908
1,337
1Li Funds
- 2023124-------
Income Expend-
GJirn/ 31 MaKh
I￿1* (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 eM￿1)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