Charity Registration No. 1104514 Company Registration No. 04910075 (England & Wales) The Church of England Evangelical Council (Limited by guarantee) Annual Report and Financial Statements For the year ended 31 March 2025 The Church of England Evangelical Council Annual report and financial statements For the year ended 31 March 2025 Contents Page Trust•es' rewrt Independent Examlner'5 r•port 10 Stat•ment of flnanaal actMti•s 11 Balance Sh••t 12 Not•s to th• a¢counts 13 The Church of England Evangelical Councll Trustees. report For the year ended 31 March 2025 The trustees p￿sent their report and financial statements for the year ended 31 March 2025, The Church of England Evangelical Council I'CEEC, or'the Council.) is a private company, limited by guarantee I'the company), and a charity ￿gistered in England & Wales ('the charity). The company and the charity are controlled by a Constitution (most recently updated and approved in January 20221 and by the company's Memorandum and Articles of Association. As set out thereiry 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. Admlnlstratlve detalls Reglsternd Charity name Charlty registration number Company registration number Reglstered office address The Church of England Evangelical Council 1104514 0491IX)75 Azets Audit Services, 1st Floor. 55 Ffordd William Morgan. St Asaph Business Parl St Asaph. LL17 OJG Trustees The trustees who Served during the period and at the date of approval were as follows.. The Right Reverend Julian Henderson (President) (re-appointed by the Council at the AGM on 22 January 2025 for a further term of three years) The Revd Lis Goddard ICo-chair} Ed Shaw (Co-chair) Stephen Hofmeyr KC (TreasU￿r) (re-appointed by the Council at the AGM on 22 January 2025 for a further one year temi) Claire Alldritt Ico-treasurer) (appointed 20 March 2025) Sarah Tett (Secretary) Company Secre1ary Sarah Tett Independent examiner Azets Audit Services, 151 Floor, 55 Ffordd William Morgan. St Asaph Business Parl St Asaph. LL17 OJG Bank CAF Bank Limited, 25 Kings Hill Avenue. Kings Hill, West Malling, Kent. ME19 4JQ The Church of England Evangelical Council Trustees. report For the year ended 31 March 2025 The object of CEEC is the advancement of the Christian religion incorporating the beliefs and dc(trines 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 problem5 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 struttures of the Church of England. To act as the English agent for the Evangelical Fellowship in the Anglican Communion (EFACI. To be a channel for establishing and maintaining relationships with evangelicals in other churches. 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 3 common vision to promote and maintain orthodox evangelical theology, ethics and liturgy at the heart of the Church of England. Diocesan evangelical fellowship (DEFS) are the de facto representative bodies of CEEC in each diocese. CEEC is particularly concerned to encourage evangelism, bible-based and Christ-centred fom)ation of discipleship, evangelical leadership within the Church of England, and evangelical unity within and outside Anglicanism. CEEC 15 also the representstive body for EFAC in England. Governance and organisation Trustees CEEC currently has six officers, a president (nomially a diocesan bishop), two co-chairs. a secretary and two co-treasurers. The officers are the directors of the company and the trustees of the charity. The trustees are appointed either by the Council for a fixed temi, which may be renewed, or by the trustees, for subsequent approval at the Annual General Meeting of the Council. The trustees are responsible for the strategic direction and policy of the charity under the direttion 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 Church of England Evangelical Council Trustees. report For the year ended 31 March 2025 Governance and oryantsation (continued) The trustees ensure that li) the charity is carrying out its purposes for the public benefit in accordance with its Constitution, fil) the charity is in compliance with the Constitution and UK charity law, (iii) the charity's assets and resources are appropriately safeguarded and only used to support or carry out CEEC'S purposes, and liv) there 15 appropriate oversight and accountability of any staff and committees regarding their activities and decisions. The trustees met six times in the year ended 31 March 2025. 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 3 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 IEGGS), theological education institutions, Evangelical organisations (Christianity Explored, Church Society. CMS, Count Everyone In. CPAS, Crosslinkl Fellowship of Word and Spirit, Fulcrum. JAEC, Junia Network, 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 admi55ion to membership of the Council, each member affirms their agreement with CEEC'S Object and Basis of Faith. including the two additional declarations. These are set out in the Constitution, full details of which are available at www. .info. Working Group The Working Group has responsibility for outworking and implementation of policy agreed by the Council betsveen the Council's annual meetings. The Group is appointed by the Council and comprises 6 to 10 members, of whom at least one-third shoL¢ld be lay people. Stoff Until the retirement on 1 May 2024 of the Rt Revd Julian Henderson as Working President and following the the appointment of the Revd Charmaine Muir as Project Lead, and of Simon Byrne as Ephesian Fund Administrative Manager at the end of the prior year, CEEC had a staff team of 6 during 2024125. the other staff team members being the Revd Canon Dunnett, Jo Foster (Administration Manager) and Helen Catt (Communications Difector). 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. Charmaine Muir and Helen Catt also attend meetings of both the Working Group and the Council. The Church of England Evangelical Council Trustees. report For the year ended 31 March 2025 Publk benefft 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 charitie Whilst some of CEEC'S work is of specific benefrt to the charity's individual, church and organisation members. CEEC is an outward-looking oiganisation, committed to the positive transfonnation of all people in society. CEEC therefore strives to ensure that the benefits wwked for are not exclusive to its members or to evangelical Anglican& 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, regardless of age, ethnicity, seK class or religion. To this end, CEEC advances the Christian religion by enabling and supportiThJ biblically faithful fellowship, teaching and mission in England. Key artlvltles and ¢xrtcomes Artivittes during the fLnonaalyear 2024-2025 The Council met by Zoom in May, Juty and Ortober 2024 and in-person for the Council's annual three-day residential meeting in January 2025, to discuss matters of concern to evangelicals in the Church of England. During these meetings, the Council: received bible readings and spent time in prayer received a report from the Working Group for 2024 held their annual AGM: appointed trustees", approved a budget for 2025,. agreed a proposal to move to become a CIO,. approved the annual report and financial ststements for the year ended 31 March 2024." and re-appointed ￿et5 Audit Services as CEEC'S independent examiners; confirmed its consideration that CEEC'S activities are in accordance with its objects and for the public benefit heard from other Anglicans within the British151es met with representatives from the Evangelical Alliance and GAFCON International became a mission partner organisation of the GSFA and W￿lCOmed a Msit by ++Justin Badi, chaimian of the GSFA received reports concerning DEFS and EGGS held discussion sessions or received updates on.. Living in Love and Folth and Prayefs of Love ond Faith, focussing on key theological, ecclesial and methodological issues, the need for visible differentiation with the Church of England and the work of the Alliance Culture, Power and Abuse in the light of the recently issued Makin Report. This included engaging with Elly Hanson's appendix to the reporL sharing in a seNice of lament and hearing from John Wyatt about his b¢)ok Tronsforming Friendship The Church of England Evangelical Council Trustees. report For the year ended 31 March 2025 Key actlvltles and outcomes (¢ontinu•d) Discipleship, in consideration of stsrting a new v￿rkstrearn in this area across the breadth of the evangelical constituency several CEEC workstreams including Privilege, Class ond Povety, EvangelisnL Education ond Potronoge elected a Working Group for 2025 and agreed a vision for the Working Group for 2025 Objectives and plons for 2025 At its meeting in January 2025, 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 F05tering unity. through representation of CEEC'S diversity (ne￿orkS, clergyllaity, malelfemale. ethnicity) 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 lin the CofE / British Isle5 as a whole), who find themselves in impaired fellowship, or creating disturtiance, as a result of their orthodox preaching/ pastoring, to remain within the Church of England, or retain options to rejoin PLF ond difftrentiation/provision provide leadership and resources for the evangelical constituency linc in General Synod) to enable a robust response to any changes to doctrine, liturgy, discipline or practice proposed by the House of Bishops, vthilst 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 durin9 uncertainty and transition, including, but not limited t support for handling financial stewardship (Ephesian Fund and other) alternative spiritual oversight for incumbents, chaplains and curates without orthodox episcopal oversight development of pipelines for orthodox ordinands, officers {lay and ordained) fellowship- locally, nationally and globally to continue to promote and seek permanent structural provision, considering the ecclesial implications and incltjding differentiation options, taking account of different parochial contexts and structures Culture, power ond abuse Respond to Scolding & Makin ￿pOrtS Consider particular issues for evangelical churches/ groups (theological. discipling, governance/ accountability) The Church of England Evangelical Councll Trustees. report For the year ended 31 March 2025 Kry adlvltles and outcomes Icontlnu•d) Patronage develop a strategy to diminish the dilution of patronage influence in pastoral reorganisations support evangelical patrons to preseNe orthodox patronage ch￿t£an educotion + RSE safeguarding Christian values and supporting a Christian ethos in CofE schools encouraging orthodox Christian teachers/ headteachers in Church schools Evangelism encouraging evangelism in every parish, preaching a gospel of repentance and faith afresh in this generation Discwleship Enabling networks to learn from each other in making disciples in our generation, in the current cultural context and the need for future mature ministers Pri￿lege, class + povety finalising, communicating and gathering support for strategies for enabling churches to support ministry in deprived areas rural and urban appropriate ways in meaningful and contextually DEF- estab1￿hmen¢ engogement & support regular engagement with and encouragement of DEFS national in-person DEF meeting{s) formation of new DEFS and, as applicable, encouraging DEF5 to adopt constitutions based on the CEEC Basis of Faith and Declarations Wotching briets Address emerging issues Identify potential future leaders Relationships beyond England Consider o pipeline of potentiol fvture workstreams Operot(onal priorities Council affair5, including filling membership vacancies and planning for the 2026 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 The financial results for the CEEC are set out in the Ststement of Financial Attivities on pa9e l l. The principal funding source for the charity is voluntsry income from donors. The Church of England Evangelical Council Trustees. report For the year ended 31 March 2025 Finandal revlew During 2024125, CEEC had total income of £363.03312023/24 - £417.896), comprising donations and grants of £350,251 (2023124 - £411788) and investment income of £12.782 (2023124 - £5,108), as detailed in Notes 2 and 3 to the financial statements respectively. Donations included amounts totalling £36,750 12023/24 £36,750) specifically to support the work of CEEC'S Theological Consultant and £IO,(K)0 12023124 - £nil} specifically to cover legal costs in relation to the CIO transition. Totsl expenditure on charitsble activities was £356,128 12023124 - £284,725), as detailed in Note 4 to the financial statements, including £36,00012023124 - £34,eAX)) in respect of CEEC'S Theological Consultant and £10,00012023124 - £nil) in respect of ao transition legal costs. After investment losses of £4,65012023124 - gains 01 £8,955), CEEC had net incoming furKls for the year of £2,25512023124- net incoming funds of £142,126). As a resulL at the end of the financial year, CEEC had net assets of £297,12412024 - £294,869), as detailed in the balance sheet set out on page 11. The principal assets of the charity were investments of £103,32412024- £107,974) and cash of £190,19612024 - £18n,862). Investment policy ond objective5 To provide a stable retum on investment, the charity 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 retum on the investment Reserves policy CEEC'S free reserves at 31 March 2025 totalled £272,370 P024 - £270,865), comprising the charity's total unrestricted funds. The trustees review the level of free ￿serveS 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 feserves policy under regular ￿VIeW and communicate it annually to the Council. Finonciol plans for 2025-2026 The Trustees are continuing to focus on developing regular financial income streams from netsvork 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 charity's cash flow is appropriately controlled. Grotitude for donors, sUPPQrt During 2024125, 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 2025 and beyond. The Church of England Evangelical Council Trustees, report For the year ended 31 March 2025 Princlpal risks The trustees have identified and reviewed the major risks to which CEEC is exposed and a￿ 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 arKI the consequent risk of being able to maintain the level of current operations. A management subcommittee of the secretary, co-treaSUfers, chair of the Working Group and National Direttor meets as required and at least tsmce a year outside of trustees meeting to review the risk register and appropriate mitigations, and to bring any recommendations to the trustees. The risk register is updated after each review by trustees and risk 15 a standing item on trusteÈ agendas. Trustees. responslbllitles in relation to the flnancial statements The trustees are responsible for preparing an annual report and financial statements for CEEC in accordance with applicable law and United Kingdom Accounting Stsndards (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 statements, the trustees are required to: select suitable accounting policies and then apply them consistently. obsetve the methods and principles in the applicable Charitie5' Statement of Recommended Prartice ISORPI; make judgements and estimates that are reasonable and prudeit • sLite whether applicable accounting standards have been followed. subject 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 keep'ng 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 charty 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 charitys website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statement& The trustees have adopted the provisions of the Statement of Recommended Practice ISORP) 'Accounting and Reporting by Charities, issued in March 2CNJ5. The financial ststements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charitys Constitution, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of The Church of England Evangelical Councll Trustees. report For the year ended 31 March 2025 Tnth. re5ponsibllltles In rel)tlon to the flnandal stst•m•nts (tontlfiued) 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).. Signed on behalf of the Trustees who approved this report on . 2025 Sarah Tett Secrètary The Church of England Evangelical Council Independent Examinerfs report For the year ended 31 March 2025 I report to the trustees on my examination of the financial ststements of The Church of England Evangelical Council I'the Council'l for the year ended 31 March 2025, which a￿ set out on pages 11 to 19. Responslbllltles and basls of report As the trustees of the Council land also it5 directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2￿6 (the 21)06 Act). Having satisfied myself 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 Act 2011 {the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515}{bl of the 2011 ACL Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection wth the examination giving me cause to believe that in any material respert accounting records were not kept in respect of the council as required by section 386 of the 2CMJ6 Art the financial statements do not accord with those records,. the financial ststements do not comply with the accounting requirements of section 396 of the 2CM)6 Art 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., or the financial statements have not been prepared in accordance with the methods and principles of the ststement of Recommended Prartice for accounting and reporting by charities applicable to charities P￿ParIng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in orderto enable a proper understsnding of the financial statements to be reached. Since the charity's gross income exceeds £250,OCM) your examiner must be a member of a body listed in section 145 of the 2011 acL I confirm that l am qu3lified to undertake the examination because l am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodie5. Jonathan Ward FCA for and on behalf of Azets Audit Services, 1S1 Floor, 55 Ffordd William Morgan. St Asaph Business Park St Asaph LL17 OJG /1>/ ..2025 io The Church of England Evangelical Councll ststement of financial activities Year ended 31 March 2025 .-Y•ar •nd•d 31 M•r¢h 2025.---.- Y•ar •nd•d 31 Ihr¢h 2024 Unr•Jlrfclod R•strfrted Total Funds Funds Funds (G•nornl) Totsl Funds Notes Incom• Donations and grants received Investment income Total Incom• ' 303,501 12,782 31&283 46,750 350,251 11782 363,033 412.788 5,108 417.896 46,750 Exp•Thdltur• Charitsble activities 1310,128) {46.￿0} {356,1281 1284,7251 Net In¢om•l(•xpendltur•) 6,155 750 &905 133,171 Net Ilossesi/gains on investments 14,650) 14.650) &955 N•t Incomlng fvnds for y••r Funds It b•9lnnlng of y••r 1.505 270,865 750 24,CQ4 2.255 294.869 141126 152,743 Funds •¢ •nd ￿ y••r 10 271370 24,754 294 869 The statement Of financial activities includes all gains and10sses recognised the year and complies with the requirements for an income and expeThJiture account undèr the Companies Act 2006. All income and expenditure derive from continuing activitie& The Church of England Evangelical Council Balance sheet As at 31 March 2025 2025 2024 Notes Current ass•ts Investments Debtors and prepayments Cash at bank 103,324 4.710 190,196 298.230 107,974 11,162 457,641 576,777 12 Current Il•billtles Creditors.. amounts falling due within one year Other creditors 11,106} 15,1291 276.779 294,869 12 Net cuThent assets belng rnt assets 297.124 Funds Unrestricted funds - general Restricted funds 10 271370 24,754 270,865 24.004 10 297.124 294,869 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for p￿parIng financial statements which give a true and fair view of the stste of affairs of ttr company as at the end of the financial year and of its incoming resources ar￿ application of resources, includir¥J its income and expenditure, for the financial year in accordance with the ￿qUIrements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2￿6 relating to financial statements, $0 far as applicable to the company. The members have I￿t ￿quired the compary to obtain an audrt of its financial 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 subject to the small companies regime. Approved on ￿h•If of the Trust• Stephgn Hofmeyr KC TreasureT 18 December Sarah Tett Secretary 2025 12 The Church of England Evangelical Council Notes to the financial statements Year ended 31 March 2025 A¢countlng pollclej The Church of England Evangelical Council is a private company, limited by guarantee and incorporated in England and Wales. The registered office is I" Floor. 55 Ffordd William Morgan, St Asaph Business Parl St Asaph LL17 OJG. BJ515 of prepar•tlon The financial statements have been prepared in accordance with the Council's Con5titutiory the Companies Act 2C(16 and "Accounting and Reporting by Charitie& Statement of Recommended Practtce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrelarKI IFRS 1021" The charity T￿ts the definition ot a public benefit entity under FRS 102. The Council has taken èdvantsge of the provisions in the SORP for charities applying FRS 102 Updatè Bulletin I not to prepare a Ststement of Cash Flows. (a) The financial statements are prepared in pounds sterling, which is the functional currency of the Council. Monetary amounts in these financial statements are rounded to the ￿orest £. The financial ststements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. (b) Goin9 concern At the time of approving the financial $tsternen￿ the trustees have a reasonable exFectation that the Council has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the trustees continue to &Jopt the going concem basis of accounting in preparing the fina￿la1 ststements. Fund aeeounting Unrestricted funds rewesent funds that are r￿1 subject to any constraints regarding their use and are available for the general purposes of the charity. Restrictedfvnds represent donations or grants received foi a specific purpose. T￿se funds mayonly be expended on the specific obj'ect for which they were given. Details of the restricted fvnds are provided in note 10. Donltlons. grdnts and10gad•s Donations, grants and legacies are recognised when the entitlement to the economic benefit has Passed to the charity and its monetary value can be measured reliably. Amounts receivable under forms of planned giving are only recogni5ed when receive(l from the donor. Grants and legacies are accounted for when entitleft￿nt is notified, the amunt receivable is quantifiable and its ultimate receipt is probable. Income tsx recoverable on donations received under Gift Aid is ￿cOgnised at the time of the claim. (e) Investmeiit Income Dividend and interest income from investments are recognised on an ¥cruals basis UFon receipt from the investrnent managers. ExpendI￿re All expenditure is accounted for on an accruals basis. Investments (c) (d) (f) Ig) Investments are stated at market valLse al the balance sheet date. Realised gains and losses are recognised upon the disposal of investments. Unrealised gains and losses are accounted for on the revaluation of investments at the year end and are taken to the Statement of Financial Activitie5. The Church of England Evangelical Council Notes to the financial statements Year ended 31 March 2025 Accountlng pollcies {contlnued) (h) Cash and c•5h oqulvalents Cash and cash equivalent5 include (ash in hand, deposits held at call wtth bank5, Other short-term liquid investments with original maturities of three mnihs or less, and bank overdrafts. Bank overdrafts are shown within Ixirrowings in current liabilitie& Flnancl•l Instrnmw The Council has elected to apply the provisions of Section 11 'Basic Financial Instruments, arKJ Section 12 '0ther Financial Instruments15sues' of FRS 102 to all of its financial instrumen Financial instruments are recognised in the Council's balance sheet when the Council becomes party to the contractual provisions of the instrument. Fina￿lat assets and liabilities are oftset, with the net amounts presented in the ffinancial statements. when there is a legally enforceable right to set oft the recognised amounts and there is an intention to settle on a basis or to realise the assÈt and settle the liability simultaneously. Bcsic financMJl assets. wh￿h 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 nol amortised. Bosic finonciol liobilities, including creditor5 and bank loans, are initially recogni5ed at transaction price unle55 the arrangement constitutes a financing tronsaction. Trade creditors are obligation5 to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilitie5 rf payment is due within one year or les& If not they are presented as non-CUTrent liabilities. Trade Cfeditors are recogftised initially at transartion price and subsequently measured at amortised cost usirrfj the effective interest method. Derecognition of finoncial liabilities.- Financial liabilities are derecognised when the COU￿11,5 contractual obligations expire or are dischafged or cancelled. Crftkjl accountlng estlmates •nd judgements In the application of the Council's accounting policie5, the trustees are required to make JtKlgements, estimates and Assumptlolls about the carrying amount of assets and liabilities thèt are not readily apparent from other source& The estimates a￿1 associated assumpti0115 ore based on historical experience and other factors that are considered to be re￿Vant. Artual results may differ from these estimate& The estimates and underlying assumption5 are reviewed on an ongoing basi& Revisions to accounting e5tirrTrates are recognised in the period in which the estimate is revised where the revision affects only that period, Of in the period of the revision and future periods where the revision affects ￿th Cufrent and future period5. There were no critical accountiTrJ estimates and judgements in the year to 31 March 2025. o) 14 The Church of England Evangelical Council Notes to the flnancial statements Year ended 31 March 2025 Don•tlons and grants rtt•knble .-Year •nd•d 31 M*r¢h 2025-....-- Y•ar ended 31 March 2024 Ufir•rtrfrt•d R•sirlrt•d Totil Funds Funds Funds 16•n•rnl) Total Funds Churches Individuals Diocesan Evangelical Fellowship5 IDEFS) Trusts Council meetin9 donations Gift Aid Ot￿r 47,177 163,445 1405 59,700 13,112 1&098 1,S64 303,501 47,177 188,44S 2,405 77,700 13,112 19.848 1,564 350,251 55,804 233,007 2.830 72,585 11,320 27,971 25,CNJO 18,LK)O 3.750 46,750 41 788 Inv•stm•nt In¢om• 2025 2024 Income from investments Interest receivable 10,068 1714 4,674 434 12.782 15 The Church of England Evangelical Council Notes to the financial statements Year ended 31 March 2025 Exp•ndltur• on charftsbl• a￿￿1th5 - Year ￿ded 31 Mar¢h 2025 ------ Year end 31 March 2024 Total Funds Totsl Fund5 Funds (Generd Funds Staff costs salaries pension contributions Social Security cost5 154,611 5,776 9,831 170.217 154,611 5,776 9,831 170.217 122,370 3.149 123,3e8 Theological Conwltant (Note io) Other con5ultsnts Office equipment and supplies IT, communications and website Staff meetings travel and accommodation Working Group and trustee costs Council meeting costs Other travel costs Grant to Evangelical Fellowship in the Anglican Communion IEFACI Oevelopment of resources for DEFS and CEEC N￿rnber ne￿orkS Professional and advisory fees (Note 101 Insurance Books, publications and subscriptions Bank charges 36.OCKI 36,￿0 340 762 30.098 21.474 858 23.525 17,667 217 7,519 31.218 631 11,781 36 762 30,098 21,474 858 23.525 10,fy)O lo,￿0 10.CQO 4,362 4,362 6.011 41,807 5.320 1.298 67 io,wo 51.807 5.320 1,298 67 30,597 764 992 104 310,128 46.000 356,128 284,725 Payments made to the twstse5, as reimbursements for travel costs, amounted to £81 for the year ended 31 MaTch 202512024 _ £1,305). Staff costs There were S employees durin9 the year12024: 4 employeesl. No employee re￿iVed emoluments above £60.000 in 2024125 or the prior year. 16 The Church of England Evangelical Council Notes to the financial statements Year ended 31 March 2025 Current asset Investments The CourKiI holds 4,639.98 Income Share512024'. 4,639.98) in the CBF Church of En9land Investment Fund. 2025 2024 Market value at beginning of year Additions (Lossesllgains during the year 107,974 99.019 (4,650 8,955 Market value at end of year 103,324 107,974 Debtors 2025 2024 Prepayments to suppliers Other receivables 4.588 122 &908 1254 4,710 11,162 Crtdltors: amounts falllng due wtthln one year 2025 2024 Other creditors 1,706 5,129 5.129 10. Fund5 Income Expendlture Galns/ £ U0$5Q5) At31 March 2025 2024 Unresirfrted funds General fiJnd Restrfded funds Theological Consultsnt CIO legal advice 270,865 316,283 (310.1281 14.6501 272,370 24,CQ4 36,750 10,C(JO 136,0001 iio,000} 24.754 Total funds. represented by net current assets 294,869 363.033 1356,1281 4,650 297,124 The restricted funds comprise income donated specifically to fund payments to the Revd Dr Martin Davie in his role as the Council's Theological Consultant and income donated to cover legal costs Telatiw to the CIO transition. 17 The Church of England Evangelical Council Notes to the financial statements Year ended 31 March 2025 11. Pr14Y year $t•tem•nt of financlal artlvlties --Ye•r ended 31 Marrh 2024----__ Unrestrfrted Restrfrted Totsl Funds Funds Fund5 {Gen*Trl) Incom• Donations and grants re￿iVed Investment income 376,038 5,108 36,750 412,788 5.108 Total Income 381.146 36,750 417.896 Expendlture Charitsble activities 1249,9251 (34,8001 {284,725) Net I￿l￿ne 131,221 1.950 133.171 Net gains on investments 8,955 &955 Net IncomlryJ funds for the ye•r 140.176 1,950 142,126 Fund5 at beglnnlng of year 130,689 22,054 152.743 Funds at end of year 270,865 24.(K14 294.869 12. Related partytransactlons EFAC received a grant of £10,OC(I from the CEEC la national group of the Fellowship} to be used to further its chafltable aims. This grant was recommended by the trustees and approved by the Council. Stephen Hofmeyr who 15 a common trustees of both chaiities took ￿ part in either discussion or vote. Julian Henderson, Trustee, was a paid employee for a separate role within the charity until l May 2024. Permission was obtained from the Charity Commission for him to receive his salary of £1,56112024.. £14,667). Andrew Goddard, husband of trustee, Lis Goddard, was paid £34012024.. £2701 on a contractual basis for Theological Consultsncy work. Included in Cash at Bank at 31 March 2024 was an amount of £276,779 held on behalf of the Ephesian FU￿1. a separate entity and now a CIO in its own right {registered with the Charity Commission for England and Wale5, no. 1206489}. The CEEC held these fund5 temporafily. as a bank repository. while the Ephesian Fund obtained their own bank account A corresponding amount was hekl in Other creditors, owed to the Ephesian Fund as at 31 March 2024. This was paid during the reporting period. 18 The Church of England Evangelical Council Notes to the financial statements Year ended 31 March 2025 12. R•lated party trnnM¢tlon5 l¢ontlnu•d) During the reF