==> picture [5 x 20] intentionally omitted <==
==> picture [177 x 183] intentionally omitted <==
==> picture [5 x 20] intentionally omitted <==
CHURCHES TOGETHER IN ENGLAND (A COMPANY LIMITED BY GUARANTEE)
COMPANY NUMBER 05354231 CHARITY NUMBER 1110782
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CHURCHES TOGETHER IN ENGLAND TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES’ REPORT
CONTENTS
| Page | |
|---|---|
| Company Informaton | 3 |
| Trustees’ Report | 4 - 18 |
| Report of the Independent Examiner | 19 |
| Statement of Financial Actvites (Including Income and Expenditure Account) | 20 |
| Balance Sheet | 21 |
| Cash Flow Statement | 23 |
| Notes to the Financial Statements | 24 - 34 |
Page 2 of 34
CHURCHES TOGETHER IN ENGLAND TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES’ REPORT
Company number 05354231 (England and Wales) Charity number 1110782 Trustees/Directors Rowena Loverance (Chair of Trustee Board and Convenor of Enabling Group) [until 10 October 2024 then continues as a Trustee] Rev’d Dr Callan Slipper (Chair of Trustee Board and Convener of Enabling Group) [from 10 October 2024] Dr. Lisa Adjei Rt Rev’d Dr Anderson Jeremiah [from 4 December 2024] Mr Richard Bradbury (Company Secretary) Fr Alexander Fostiropoulos Rev’d Stephen Fowler Rt Rev’d Paul Hendricks Pastor Rasaq Ibrahim (Treasurer) Dr. Elizabeth Joy Rev’d Dr. Lurliene Miller (Vice-Chair of Trustee Board and Deputy Convenor of Enabling Group) Rt Rev’d Moses Owusu-Sekyere Mrs Maddy Bird [formerly Thomson] Dr. Victoria Turner [until 4 December 2024] Rev. Stephen McKay Cooper [from 9 May 2025] Emma Wright [from 9 May 2025] Company Secretary Mr Richard Bradbury Chief Executive Officer/General Rt Rev’d Mike Royal Secretary Registered Office 27 Tavistock Square London WC1H 9HH Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ CCLA Investment Management Ltd COIF Charity Funds 80 Cheapside London EC2V 6DZ
Page 3 of 34
CHURCHES TOGETHER IN ENGLAND TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
Bankers (continued) Epworth Investment Management Ltd Methodist Church House 25 Tavistock Place London WC1H 9SF Independent Examiner Shoaib Arshad FCCA ACA Knox Cropper LLP Chartered Accountants 65 Leadenhall Street London EC3A 2AD
The Trustees present their Annual Report with the accounts for the year ended 31 December 2024. The accounts comply with the requirements of the Companies Act 2006, the Charities Act 2011, the Memorandum and Articles of Association, Financial Reporting Standard 102 and follow the recommendations in 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).
ABOUT CHURCHES TOGETHER IN ENGLAND
Churches Together in England (CTE) is the national ecumenical body set up by the churches in 1990, and has partner bodies in Scotland, Wales and Ireland. Churches Together in Britain and Ireland is the successor body to the British Council of Churches and acts in part as a Forum in which the concerns of the four National Ecumenical Instruments can be shared.
The Member Churches of CTE are: Churches and Denominations with a national presence; Unions of Churches; and Associations or Councils of Churches with a national presence. Member Churches are expected and entitled to make an active contribution to the life of Churches Together in England, to develop its fellowship, to guide its policy and to contribute financially. Local churches and congregations are encouraged to join their local 'Churches Together' grouping, or - if appropriate - their County/Intermediate Body.
At a national level, CTE has 54 Member Churches or Councils of Churches and over 90 Charities and Networks in Association (previously known as Bodies in Association). The numbers of both continue to grow. Churches are also continuing to develop ecumenical commitment locally and at Intermediate (County or Regional) level.
CTE is a visible sign of the Churches' commitment as they seek a deepening of their communion with Christ and with one another. It also provides a vehicle to proclaim the Gospel together by common witness and service. Its strength comes from people from different ecclesial traditions and cultures finding new ways to work and worship together.
STRUCTURE, GOVERNANCE AND MANAGEMENT
CTE is a company limited by guarantee (company number 05354231) and a registered charity (charity number 1110782). The governing instrument of the charitable company is the Memorandum and Articles of Association.
There are six Presidents of CTE: The Archbishop of Canterbury, The Cardinal Archbishop of Westminster, The Free Churches Moderator, a representative of the Orthodox Churches, a representative of the Pentecostal and Charismatic Churches and a President nominated by the
Page 4 of 34
CHURCHES TOGETHER IN ENGLAND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
Religious Society of Friends, the Lutheran and German-speaking Churches and the Church of Scotland Presbytery in England. The Presidents meet regularly to discuss matters of concern to the churches in England. Their meetings are facilitated by the General Secretary of CTE. In June 2002 the then Presidents signed a Personal Covenant to seek a common understanding of Christ's message of salvation in the Gospel; and to work towards the visible unity of the Church of Jesus Christ in the one faith in the presence of the late monarch, Her Majesty Queen Elizabeth II, at Windsor. This has subsequently been signed by the new Presidents.
CTE Forum is a triennial meeting of CTE that provides an opportunity for people representing churches at local, intermediate, and national levels to meet. It serves as a place where the current work of CTE is celebrated and affirmed, and general fresh direction is discerned. The function of CTE Forum is to engage in worship and discussion; to recommend to the Member Churches such matters as it believes should be addressed jointly; to support and encourage Intermediate Bodies in their role as the servants of their participating churches; and to share its reflections on the activities and future programmes of CTE. CTE Forum does not have other roles in the governance of CTE. Throughout 2024, a Forum Planning Group has been working towards CTE Forum which will gather with approximately 300 leaders from 17-19 March 2025.
The Members of the charity, with other ecumenical representatives, comprise the Enabling Group. To enable the widest possible participation in the shaping of the life and work of CTE the Enabling Group draws together representatives of Denominations, Charities and Networks in Association and regional representatives of the Intermediate Bodies. Every member of the charity undertakes to contribute up to £10 to the charity’s assets in the event of the dissolution of the charity.
The Enabling Group has the legal responsibilities in the governance of the charity for electing the Trustees and electing the chair of the Trustees. Its responsibilities also include: the admission and classification of members of the charity; agreeing procedures at general meetings and meetings of the Trustees; receiving the annual report and accounts of the Trustees; and appointing the Independent Examiner. In addition, it receives updates regarding the progress of the charity in fulfilling its mission. The Enabling Group is a reference point for Member Churches and other representatives for making decisions together which are proper to them (where necessary referring matters back to the Member Churches) and for responding to initiatives from CTE Forum, Member Churches and Intermediate Bodies and enabling those initiatives to be carried out by the churches in consultation with one another. The Enabling Group may make recommendations to the Trustees and comment upon their operation, but may not limit or otherwise affect the Trustees’ legal powers and obligations. The Enabling Group meets in the Spring and Autumn of each year.
Being a company limited by guarantee, there is a Board of Directors who also act as the Trustees of the registered charity. The members of the charity elect the Trustees. The Trustees manage the business of the charity and are responsible for: ensuring that the charity is solvent, well-run, and delivering the charitable outcomes for which it has been set up; ensuring that the charity complies with charity law, and with the requirements of the Charity Commission, that the charity does not breach any of the requirements in its governing document and that it remains true to the charitable purpose and objects set out there; acting with integrity, and avoiding any personal conflicts of interest or misuse of the charity’s funds or assets; and regulating the financial affairs of the charity. The Trustees may enter into contracts, appoint and employ staff, determine staff pay and conditions of service. The Trustees may appoint an honorary treasurer. The Trustees endeavour to consult the Enabling Group and to inform it of their decisions. They arrange the agenda of the Enabling Group, which the Enabling Group is free to amend.
Page 5 of 34
CHURCHES TOGETHER IN ENGLAND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
The Trustees meet at least three times a year. They are usually elected because they already have the necessary experience of being a Trustee and/or director within their denomination.
Time is given within Trustees’ meetings to focus on the role and changes in legislation. Those new to the work of the company meet with the General Secretary. Where required, formal training or advice from consultants is given.
The Trustees (who are also Directors) who served during the year were:
Rowena Loverance (Chair of Trustee Board and Convenor of Enabling Group) [until 10 October 2024 then continued as a trustee]
Rev’d Dr Callan Slipper (Chair of Trustee Board and Convener of Enabling Group) [from 10 October 2024]
Dr. Lisa Adjei Rt Rev’d Dr Anderson Jeremiah [from 4 December 2024] Mr Richard Bradbury (Company Secretary) Fr Alexander Fostiropoulos Rev’d Stephen Fowler Rt Rev’d Paul Hendricks Pastor Rasaq Ibrahim (Treasurer) Dr. Elizabeth Joy Rev’d Dr. Lurliene Miller (Vice-Chair of Trustee Board and Deputy Convenor of Enabling Group) Rt Rev’d Moses Owusu-Sekyere Mrs Maddy Bird [formerly Thomson] Dr. Victoria Turner [until 4 December 2024]
The day-to-day management of the company is delegated to the General Secretary, Rt Rev Mike Royal who reports to the Trustees and is managed by the Chair of Trustees and Convenor of the Enabling Group. There are five full time staff members and two part-time staff members.
PUBLIC BENEFIT
In compiling this report, the Trustees have given due regard to the public benefit guidance as issued by the Charity Commission.
The charitable objects of Churches Together in England include the advancement of the Christian Faith, the relief of poverty and the advancement of education and any other purposes which are charitable according to the law of England and Wales. The Charity seeks to be a visible sign of churches’ commitment to one another in obedience to the prayer in John 17:21 “that they all might be one”. The Trustees have agreed an additional clause to sit along the Memorandum and Articles of Association which provides clarifications to the Objectives of the organisation.
As a charity, CTE is committed to the advancement of the Christian religion, the promotion of religious harmony, and promoting co-operation, joint working, and greater efficiency amongst its members. We believe that the Christian faith is of benefit to individuals and society because it has at its heart God’s intent to reconcile all people and the whole of creation to himself under Christ as head. That is a vision which encompasses peace and cohesion, mutual respect, and self-giving love.
Page 6 of 34
CHURCHES TOGETHER IN ENGLAND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
CTE’s religious activities amongst its 54 Member Church denominations is at the core of the fulfilment of public benefit. It is primarily done through what we offer to our members. CTE fosters and encourages churches to work together as one, enabling religion to be a force for good in wider society. Member Churches’ engagement with CTE’s growing group of Charities and Networks in Association enables them as churches better to understand issues of poverty and how best they can respond to those needs. This was born out in 2024 by our close working with ChurchWorks alongside a number of our Charities and Networks in Association to fight poverty as it manifests in all its forms in England. The convening of a Charities and Networks in Association gathering three times during 2024 has provided an opportunity for these charities to learn from each other and also for CTE to create opportunities for them to engage with Member Churches.
In summary, through its work, CTE continues to contribute to the creation of social capital and community cohesion by bringing together Christians of differing ethnicities and theological persuasions, and by providing resources which assist them to create relationships with neighbours, including those of other faiths and beliefs.
OBJECTIVES AND ACTIVITIES
The charity’s objectives (“the Objects”) are defined as the advancement of the Christian Religion in accordance with the statement of faith given below, the relief of poverty and the advancement of education and any other purposes which are charitable according to the law of England and Wales. The charity seeks (within its general objectives) to be a visible sign of the churches’ commitment to one another, in obedience to our Lord’s Prayer “that they may all be one. As you, Father are in me and I am in you, may they also be in us so that the world may believe that you have sent me”. (John 17:21) (NRSV).
REVIEW OF THE YEAR
Member Churches continued to commit to support the strategic aims outlined in the Enabling Group meetings in March 2024 and October 2024. The structure of this Annual Report reflects those seven aims, and reports on the ways in which work has been undertaken in the pursuit of those goals.
-
To inspire Member Churches to work more closely together in mission
-
To find new ways to support intermediate and local ecumenism
-
To find new ways to extend CTE’s valued role of relationship-building
-
To create more opportunities for churches to do theology together
-
To increase the capacity of CTE to speak out in the public square
-
To strengthen CTE’s own vision of its role and make this more widely known
-
To develop the work of racial justice for CTE and its Member Churches
The following sets out some of the key activities of 2024.
Introduction
This section covers CTE activity during 2024. It is a summary of CTE’s work against stated aims in the Strategic Plan 2024 agreed by CTE Trustees and the CTE Enabling Group. It outlines the work carried out by CTE frontline staff team which includes Mike Royal (General Secretary); Doral Hayes (Principal Officer for Ecumenical Development and Relations); Ben Aldous (Principal Officer for Mission and Evangelism); Shermara Fletcher-Hoyte (Principal Officer for Pentecostal and Charismatic Churches and Multi-Cultural Relations) and Sarah Ball (Senior Communications Manager). They are supported by Ben Cross (Head of Operations) and Lorraine Shannon (Operations Manager).
Page 7 of 34
CHURCHES TOGETHER IN ENGLAND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
Aim 1: To help Member Churches to share their own understanding of mission.
CTE collaborated with the sponsors Bible Society and Gather for the Intercultural Church Conference in Leeds, West Yorkshire on 25 January 2024, gathering 150 leaders engaged in helping churches better understand church development in ethnically diverse communities. Mike Royal and Ben Aldous were contributors at the conference.
The Group for Evangelisation chaired by Trey Hall met on 29 February 2024. The Group for Evangelisation draws people from the widest spectrum of Member Church affiliation to discuss mission and evangelism and is facilitated by Ben Aldous.
The MA Mission Prize 2024 was launched on 1 January 2024. 12 applications were received from 5 different theological institutions and a winner announced. All submissions are included in CTE’s growing Mission Prize Library.
The Group for Evangelisation met on 20th June 2024 with 25 people attending. It is a group that Churches Together in England has historically hosted. It was great to focus on theme of the Pentecostal understanding of evangelism, with input from Redeemed Christian Church of God, Church of God of Prophecy and Elim Member Church traditions. This group draws from the broadest range of traditions across the ecumenical spectrum.
The Urban Mission Alliance met on 24 October 2024 and was coordinated by Ben Aldous with presentations from Mike Royal and Shermara Fletcher-Hoyte on Racial Justice.
The 4th Learning to be Missionary Disciples Conference took place 27-28 November 2024, with 60 delegates attending. 15 delegates are giving a range of papers on topics ranging from ‘Evangelism & Trauma’ to ‘Evangelism as Storytelling’.
The ‘Lived Mission in 21st Century Britain’ book was launched at Southwark Cathedral on 2[nd] December 2024 in partnership with the mission agency USPG. Editors included Ben Aldous and Victoria Turner and contributors included Shermara Fletcher, Elizabeth Joy and Lisa Adjei from the CTE ecumenical family.
Aim 2: To find new ways to support intermediate and local ecumenism.
A number of Intermediate Bodies were supported and engaged with during 2024, including Churches Together (CT) in Cumbria, CT Oxfordshire, CT Hertfordshire, CT Cornwall, CT Devon, CT Somerset, CT South London Conference (16 October 2024); CT Norfolk and Waveney (24 November 2024), and the Birmingham Churches Together AGM (summer 2024), and Birmingham Christmas Carol Service at Aston Villa Football Club with over 500 people attending (5 December 2024). Ongoing ecumenical support was also given to CT Wiltshire, CT Sussex, CT Worcestershire, CT Shropshire and the North London area at an intermediate level, with 3 new County Ecumenical Officers (CEO’s) being inducted.
Led by Doral Hayes, 17 delegates attended New Ecumenical Officers Training which took place on 6-7 February 2024 at High Leigh Conference Centre. Excellent sessions were delivered by Hilary Treavis (Baptist); Jan Nowotnik (Catholic); Lindsey Brown (URC) and David Evans (Salvation Army), with input also from Shermara Fletcher-Hoyte.
16 people attended an online training event on 25th June 2024 focused on Community Engagement. In 2024, Doral Hayes and Shermara Fletcher-Hoyte worked together to focus on supporting Pentecostal
Page 8 of 34
CHURCHES TOGETHER IN ENGLAND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
and Charismatic Member Churches in the development of ecumenical officers and denominational ecumenical structures.
Doral Hayes brought together the National Ecumenical Officers in England on 23 January 2024, 18 July 2024, and 26 November 2024. These gatherings are an opportunity to deepen ecumenical relationships and share news and good practice between different church traditions.
Over 90 delegates attended the 2024 All-Ecumenical Representatives Conference held at The Hayes Conference Centre, Derbyshire on 24-26 September 2024. It was a rich time of ecumenical dialogue and reflection with excellent contributions from the special guest speaker Susan Durber, the World Council of Churches (WCC) President for Europe. A huge thank you to Doral Hayes and the planning team for their excellent planning and leadership of our fruitful time together.
Finally, CTE is in the late stages of planning for CTE Forum 2025 which happens once every three years. Planning for this event has been led by the Forum Planning Group, facilitated by Doral Hayes, and chaired by the Moderator and Deputy Moderator of Forum, Anton Muller and Olivia Amartey. 270 delegates were booked in from our Member Churches, Intermediate and Local Churches Together bodies, and Charities and Networks in Association by the end of 2024.
Aim 3: To find new ways to extend CTE’s valued role in relationship building.
Member Churches were engaged by the General Secretary and other staff members. These included The Church of England Synod in February, July, and November 2024, and the Catholic tradition at the Focolare Centre in Welwyn Garden City during the week of Prayer for Christian Unity.
Shermara Fletcher-Hoyte continued to support CTE’s Pentecostal and Charismatic Churches, which met as a Leaders’ Forum on 15 May 2024 and the 29 October 2024 at CTE Offices. In addition, the group met for online prayer on a monthly basis.
CTE staff have attended and spoken at conferences, events and synods from the following denominations: Shermara Fletcher-Hoyte gave her maiden speech at Church of England Synod on Young Ecumenists in July 2024; Mike Royal spoke at the Baptist Freshstreams Conference on 16 January 2024; he also addressed the German Speaking Churches Conference 19 April 2024; Mike Royal and Ben Aldous attended the consecration of Bishop Anderson Jeremiah at Canterbury Cathedral 25 April 2024 (he is a new CTE Trustee, and the Lead Bishop for the Church of England on local ecumenism); Mike Royal spoke at Tyneside Leaders’ Forum, Newcastle-upon-Tyne on 1 May 2024; Mike Royal attended Thanksgiving Service for late Roger Forster, Ichthus network on 4 May 2024; Mike Royal spoke at Congregational Federation Assembly on 11 May 2024; Mike Royal spoke at Love Walsall unity movement event on 19 May 2024; Mike Royal spoke a Heart of England Baptist Association (HEBA) AGM gathering in Solihull on 2 June 2024; Shermara Fletcher-Hoyte spoke at the Wesleyan Holiness Convocation on 2 June 2024; Shermara Fletcher-Hoyte and Sarah Ball did an in-depth interview with Archbishop Evangelou from Ichthus Fellowship on 31 June 2024; Mike Royal attended and led Evening Prayer at Methodist Conference in Leeds on 29 June 2024 which included the installation of CTE President Rev Canon Helen Cameron as President of the Methodist Conference; Mike Royal attending Quaker 400th Anniversary of George Fox (Birmingham) 14 July 2024; Mike Royal addressed the Moravian Provincial Synod on 19 July 2024; Sarah Ball attended the Malankara Orthodox Syrian Church in early June for the visit for His Holiness Baselios Marthoma Matthews III, along with CTE Trustee Elizabeth Joy; Shermara Fletcher-Hoyte spoke at Church of God of Prophecy national youth camp on 23 August 2024. Mike Royal attended the Coptic Orthodox Church New Year on 15 October 2025; Mike Royal took part and Shermara Fletcher-Hoyte attended the Apostolic Pastoral Congress (APC)
Page 9 of 34
CHURCHES TOGETHER IN ENGLAND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
Conference on 18-19 October 2024, which saw the investiture of CTE Trustee Moses Owusu-Seykere as Archbishop of the APC UK. Mike Royal attended, took part, and spoke at the following events: Lutheran Reformation Day on 31 October 2024; Armenian Orthodox Church “Free the Hostages” Event on 9 November 2024; Ground Level leaders gathering on 12 November 2024; and Mar Thorma Church Christmas Service on 14 December 2024. Shermara Fletcher-Hoyte spoke at the UK Charismatic and Pentecostal Leaders Gathering on 11-12 December 2024 hosted by past CTE President, Rev Dr Hugh Osgood.
CTE worked with Christian Aid and a number of other ecumenical agencies, including the Joint Public Issues Team (JPIT), to put the issue of domestic and international poverty at the heart of the General Election 2024. Along with other Member Churches, CTE has become an Ambassador for Voter Registration initiative led by Citizens UK. Tim Norwood, Ecumenical Officer for Local Ecumenism, facilitated an excellent Fringe Event on this at Church of England Synod on 26 February 2024. Mike Royal chaired the Christian Aid AGM on 26 November 2024 which gathered Member Churches from England but also the wider UK and Ireland. He also served on the Christian Aid Board of Governors and Nominations Committee including assisting in the process to appoint a new Chair of Trustees.
CTE has engaged with a number of CNAs during 2024. CTE also brought the Charities and Networks in Association together three times during the year. The Charities and Networks in Association met on 17 April 2024 and 11 July 2024, and shared stories of the ecumenical work they were engaged in. They met again in person on 9 October 2024 where the main item of discussion was the merits of themed Sundays in the ecumenical calendar e.g. Education Sunday, Racial Justice Sunday, Climate Justice Sunday etc. 8 Charities and Networks in Association joined CTE during 2024. These were the Arthur Rank Centre; Act 435; Lausanne-Orthodox Initiative; One Way UK; Roots for Churches; Community Money Advice; GOLD Project, and New Creations. John Cooper stepped down from the role of chairing the Charities and Networks in Association. CTE wishes to express formally its gratitude to John Cooper for his excellent chairing of this group, during a time of rapid growth. CTE has continued to work closely with ChurchWorks alongside a number of its Charities and Networks in Association to engage in fighting poverty in all its forms as it manifests in local communities.
CTE continued to host the National Ecumenical Officers Roundtable (NEIR) once a month gathering Ecumenical Representatives from across England. During 2024 CTE handed over the meeting for three times a year to be hosted by Churches Together in Britain and Ireland, bringing together Ecumenical Representatives from the four nations in these Islands. All these meetings were well attended with between 12 and 35 people attending each meeting.
Finally, Mike Royal and Ben Aldous have recently attended gatherings that have involved meeting with members of the new government including the Education Secretary, Right Honourable Bridget Phillipson 2 September 24, and the Faith Minster, Lord Khan of Burnley, and Social Security Minister, Sir Stephen Timms 5 September 2024 at a ChurchWorks Commissioners Meeting. Mike Royal raised the matter of the closure of the Inter Faith Network personally with the Faith Minister. He took part in an Inter Faith Breakfast Roundtable at 10 Downing Street on 14 November 2024. There is definitely a positive reset in relations with faith communities from the new government. Mike Royal also attended and took part in the Christmas Reception at 10 Downing Street on 11 December 2024.
Aim 4: To create more opportunities to do theology together.
CTE have been involved in a number of bilateral theological conversations during the course of the year.
Page 10 of 34
CHURCHES TOGETHER IN ENGLAND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
The launch of the book Anglicans and Pentecostals in Dialogue took place on 5 March 2024 with Shermara Fletcher-Hoyte and Callan Slipper having written a chapter. The Anglican-Pentecostal Steering Group continued to make great progress with Jeremy Morris and Tedroy Powell along with Shermara Fletcher-Hoyte involved in this. Tedroy Powell reported that 29 theological undergraduates were on the Peter’s Stream track with St Miletus College which will result in them potentially becoming either Pentecostal or Anglican ordinands.
Mike Royal attended the Anglican-Lutheran Society Conference on 9th March 2024, where an excellent paper on reflecting on the faith journeys of St John of the Cross and Martin Luther was delivered as part of the day.
The CTE Living with Diversity Well Group met 17 September 2024 and 21 November 2024 and continued the conversation around human sexuality, an issue that has been quite divisive with CTE Member Churches. CTE staff are now working with the LGBTQ Christian organisation One Body One Faith on a reflective leadership pilot that it is hoped can be offered to the wider Living with Diversity Well working group. It is hoped that in developing our reflective leadership we will be better able to reflect on issues affecting the LGBTQ church community.
A Pentecostal Charismatic and Orthodox Gathering was attended by approximately 35 people, hosted by Archbishop Angaelos on 25 June 2025 at St Andrew’s by the Wardrobe in the City of London. This was coordinated by Shermara Fletcher-Hoyte and Ben Aldous from the CTE staff team.
Mike Royal attended a two-day retreat with the Council for Christian Unity (CCU) on 3-4 July 2024. The initiative has had new life breathed into it by our ecumenical friends from the Church of England Jeremy Morris and Tim Norwood. There were fascinating discussions about Anglican -Lutheran and Anglican-Methodist ecumenical relations nationally and globally.
Aim 5: To use CTE’s channels to ensure that the Christian voice is heard on key issues emerging from the churches.
Mike attended the 2nd Anniversary Ecumenical Service commemorating the full-scale invasion of Ukraine by Russia held at the Ukraine Catholic Cathedral in London on 24 February 2024. He brought a greeting on behalf the CTE Member Churches. The Ukraine Refugee Roundtable is now part of CTBI’s Refugee Network ecumenical work.
Sarah Ball led on our support of the Act on Poverty pre-election campaign that our agencies Christian Aid and CAFOD, and a number of our Charities and Networks in Association were involved in.
Mike Royal and Ben Aldous undertook an interview with Premier Radio on the top five divisive issues affecting the church during the Week of Prayer for Christian Unity - namely Same Sex Relationships; Israel-Gaza; Leadership culture & safeguarding; disposal of church buildings by historic churches, and reparations. Mike Royal also undertook an interview with UCB Radio on CTE Member Churches’ response to the post pandemic climate (29 February 2024). Mike Royal also contributed to articles with The Guardian on Church of England’s £100 Million Church Commissioners Fund to right the wrongs of Transatlantic Chattel Slavery (The Guardian 5th March 2024) and a feature interview article on church unity with Keep the Faith Magazine (March 2024 Edition Issue 130).
CTE contributed to the No Faith in Fossil Fuels Campaign involving a number of Member Churches including the Salvation Army and local Churches Together Groups, especially from the South East of
Page 11 of 34
CHURCHES TOGETHER IN ENGLAND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
England Region. Our Agencies Christian Aid and CAFOD have brought a lot of resources to this initiative. CTE Staff joined the No Faith in Fossil Fuels vigil outside Parliament on 19 February 2024.
CTE worked with CTBI and Citizens UK to mobilise people to register to vote in the lead up to the snap election on the 4 July 2024. This included workshops and online webinars. It is understood that people registered in huge numbers in the run up to the registration deadline of 18 June 2024.
The CTE Presidents issued the following statement in the wake of the protests, riots, and disorder during Summer 2024. It was an ecumenical statement that received input from various CTE Presidents:
“The Presidents of Churches Together in England, named below, have issued a statement calling on churches and communities to work together to end racism, division, and disorder. They write…
We are grateful for the immediate response from Churches Together Merseyside Region, committing to support the grieving people of Southport in the wake of the killing of three children and serious injury of others, some of who remain in a critical condition. We are grateful for the ongoing support local churches and other organisations offer those directly affected by these life-changing events. We continue to hold all concerned in our prayers.
In the wake of the terrible events in Southport, we acknowledge the anger felt by many at these senseless killings. We also acknowledge deep and troubling anxiety about immigration. Regrettably, we have witnessed violent, racist attacks and intimidation on our streets. Mosques have been attacked, hotels housing people seeking asylum set on fire and individuals set upon simply because of the colour of their skin. Racism has no place on our streets or in society and should not be stirred up in communities or online. The police have faced unacceptable levels of violent disorder and rioting in their quest to keep the peace on the streets. We are grateful for the work of the emergency services who put themselves in danger to protect the public. We are grateful for communities who have come together to help with the clear up, demonstrating a determination to serve the good of all.
We are also grateful to the many local churches across the country who provide a place of worship and sanctuary for people and who help build stronger communities through action at the grassroots level, including initiatives like Street Pastors and Response Pastors. Let us all work together to put an end to this violent disorder, restore peace and heal our nation.”
As a side note CTE has been approached by two denominations asking for support in helping them to deal with the aftermath of the summer riots. In particular, CTE have been asked to help with denominations who have had to deal with ministers from their ranks involved in what could be considered as stirring up racial hatred online.
Aim 6: Develop CTE as the go-to place for ecumenical information in England.
CTe-News has had several bumper editions in 2024 featuring news stories from Member Churches and Intermediate Bodies, and Charities and Networks in Association. A big thank you to Sarah Ball on her leadership of this area of CTE’s work.
CTE had a busy Week of Prayer for Christian Unity (18-25 January 2024) with a number of our Presidents’, Trustees, and staff giving reflections as part of a partnership with Premier Radio.
Page 12 of 34
CHURCHES TOGETHER IN ENGLAND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
Stories from the first round and second round of grant awards from The Bill Snelson Young Ecumenist Fund have been received and shared. The second round of grants was launched on 1st January 2024. CTE worked hard to encourage grant applications from Member Churches serving Global Majority Heritage young leaders to ensure they have equal access to the grants. CTE also added Rev David Whyte from the Wesleyan Holiness Church to the decision-making panel in 2024 to strengthen the ethnic diversity representation of the decision-making panel.
Aim 7: To develop the work of racial justice for CTE and its members.
Shermara Fletcher-Hoyte and Mike Royal represented CTE at the Holocaust Memorial Service at the Guildhall, London on 24 January 2024, with representatives from the Royal Family and Government attending.
There was an excellent debate on Racial Justice at Church of England Synod with the General Secretary of CTE giving his General Synod maiden speech on 25 February 2024. Shermara Fletcher-Hoyte continued to work working closely with the Racial Justice Advocacy Forum led by Richard Reddie from Churches Together in Britain and Ireland (CTBI). CTE’s Racial Justice Working Group focused on Advocacy and Theology in terms of the engagement of a wide range of CTE Member Churches on the theme of racial justice.
A highlight of the year was the visit of Civil Rights Leader Rev Al Sharpton to the UK hosted by the National Church Leaders Forum (NCLF) with Lord Simon Woolley, where Shermara Fletcher-Hoyte and Mike Royal represented CTE at the Houses of Parliament on 27 February 2024.
Mike Royal attended a Faith in Labour Black Church Leaders Summit on 16 April 2024 which was a rich discussion between senior Labour politicians and Black Majority Church Leaders about issues relevant to the Black community. CTE Racial Justice Working Group Meeting took place on 16 April 2024 and 9 July 2024, the latter with input from Gospel Music Industry Alliance, where members heard first hand stores of Black Christian musicians and the racial injustice they had experienced in the music industry.
Shermara Fletcher-Hoyte has engaged with a number of organisations on racial justice including Christian Aid on 2 July 2024; Queens Foundation ecumenical college on 3 July 2024; and roundtable on black maternal health hosted by the Bishop of London Rt Rev Sarah Mullally in the Summer of 2024.
Mike Royal delivered a seminar on Racial Justice at New Wine 2024 with input from the Difference Initiative from Lambeth Palace and the Charity & Network in Association, Transforming Lives for Good. Mike Royal was also part of a roundtable on racial justice hosted online by Archbishop Justin Welby on 9 September 2024. Finally, Mike Royal was asked to speak at a meeting of West London leaders on “how the church best responds to the riots over the summer” on 18 September 2024.
As part of Black History Month, Shermara Fletcher-Hoyte was on Premier Radio on 1 October 2024, reminding us of the importance of celebrating the huge contribution Black Majority Churches continue to make to the ecumenical landscape in the UK.
GOVERNANCE ISSUES AND GENERAL REMARKS
Trustees met four times in 2024. Trustees’ main task in 2024 was to support the General Secretary to deliver the Strategic Plan for 2024. The Trustees continue to identity pastoral care of staff as a key aspect of the General Secretary’s focus, as well as developing more efficient operational management to reduce pressure on the staff team. CTE saw the positive impact in this with the Head of Operations, Ben Cross, and Operations Manager, Lorraine Shannon, creating efficiencies in accounting, invoicing,
Page 13 of 34
CHURCHES TOGETHER IN ENGLAND TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
credit control, reducing aged debtors and the general sharing of operational responsibilities between themselves.
Greater emphasis has also been placed on increasing the profile of CTE’s work and Member Churches as well as an emphasis being placed on leadership, strategic vision and operational oversight of the General Secretary.
CTE operates a ‘Link Trustee’ system, and individual Trustees work closely with their linked staff member in refining their area of the Strategic Plan. In 2024, staff together with Trustees worked with Member Church representatives and County Ecumenical Officers in leading webinars on topics of particular concern for intermediate ecumenism; on chairing the Racial Justice Working Group and on the preparations for CTE Forum 2025. Trustees have also worked with the General Secretary in welcoming a new Fourth President, Bishop Paulina Hławiczka-Trotman (with Dr Anna Krauss returning to Germany to take up an ecumenical role after serving 1 year as CTE President). This was an important appointment after the previous period of four difficult years between 2018-2022, with issues thrown up by the non-enactment of the Fourth Presidency and its impact on the functioning of CTE Presidents. The issue of equal marriage is now being addressed by the Living with Diversity Well Group, which met three times during 2024. The group continues to widen its reach to include a broad range of Member Church representatives from across the church traditions.
As usual, the chair worked closely with the General Secretary and Principal Officer for Ecumenical Development and Relations in setting the agenda for the Enabling Group, in order to deepen Member Churches’ feeling of involvement in and responsibility for CTE’s work. In March 2024, the focus was on Safeguarding, while in October 2024, the focus was on Racial Justice and Living with Diversity Well Working Group (Human Sexuality).
The Trustees Board, through its Finance and Operations Committee, continue to exercise careful financial control meeting four times in the year. This is ably chaired by Richard Bradbury. During 2024, CTE continued to make use of its office space and board room facilities at the Free Church Group’s Tavistock Square premises, retaining storage facilities as necessary. While CTE set a deficit budget for 2024 in line with a five-year plan to reduce the reserves it holds, tight financial control of income and expenditure, along with better performance of investments, meant CTE managed to reduce its reserves by the planned amount of approximately £30,000.
During 2024, the 6-year term served by the Chair of Trustees came to an end. Accordingly, a working group was formed to appoint a new Chair. A rigorous process of selection was entered into, including some candidates from outside the organisation. The selected candidate was Callan Slipper, an existing Trustee, who took up his role at the Enabling Group in October 2024. Thanks go to Rowena Loverance, the outgoing chair, who has served the organisation well during her term and who stays on as a Trustee.
PLANS FOR THE FUTURE
CTE has a new Strategic Plan for 2025. This plan was developed by a focus group of Trustees, along with the General Secretary, that looked at the changing landscape of ecumenism in England, along with the shifting priorities of Churches Together in England. The new plan will give more emphasis to the development of our Young Ecumenists work, and also of widening the membership of CTE’s Living with Diversity Group as its continues to reflect on the theme of human sexuality and how the church responds to this issue.
Page 14 of 34
CHURCHES TOGETHER IN ENGLAND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
CTE Forum will also take place on 17-19 March 2025. This will bring together approximately 300 leaders from across the ecumenical family. The theme for CTE Forum 2025 will be “One but not the same: celebrating difference, living with diversity”. It brings together representatives of CTE's Member Churches, Intermediate Bodies, Co-ordinating Groups and Charities and Networks in Association. CTE Forum is the broadest representative ecumenical gathering of Christians in England, and we therefore draw the planning team from a wide group of stakeholders.
CTE has been encouraged with the engagement of central government with the churches and other faith groups. We look forward to deepening that engagement during 2025. Developing a closer working relationship with government is important to build an understanding of how the church can be a force for good in the public square.
CTE is committed to continuing to deepen its working relationship with Churches Together in Britain and Ireland (CTBI) and the National Instruments in Scotland, Wales, and Ireland, and also with the Free Churches Group, who generously allow their Education Officer’s expertise to be available to us. The National Ecumenical Instruments Roundtable (NEIR) will continue to be chaired once a quarter by CTBI and include Ecumenical Representatives from across these Isles.
CTE is keen to be involved in supporting and engaging with bilateral ecumenical conversations between different church traditions. This will continue to be a key focus in 2025.
2025 is an important year in the ecumenical calendar for many churches. It is the 1700 Anniversary of the Council of Nicaea in AD 325, which focused on what the church believed about the person of Jesus Christ. This will be a focus for our Enabling Group in May 2025 but will also be celebrated by the churches through different events throughout the year. CTE will take part in many of these events that will be organised by Member Churches and also Intermediate and Local Churches Together Groups. The CTE Presidents are planning to write a pastoral letter at Easter and plans are afoot for an ecumenical gathering / concert towards the end of 2025.
Financial stability has been enabled by careful management of expenditure, a sustained level of support from Member Churches, and an increased subscription levy to those organisations that are CTE Charities and Networks in Association and also Intermediate Bodies. Increases in fees will be index linked to inflation to ensure the long-term financial sustainability of the organisation, alongside a strategy of increasing the number of Member Churches and Charities and Networks in Association. CTE are also considering alternative sources of income to provide additional long-term sustainability.
RISK REVIEW
The Trustees undertake each year a wide-ranging appraisal in order to identify the major risks to which the charity is exposed. Steps are taken with a view to mitigating these risks as far as is reasonably possible. The Finance Committee requested that the Risk Register include more detail on Mitigation and Actions and also more specifics of which person is responsible for which areas of consideration.
The Trustees are aware that the continued financial stability of the charity relies on contributions from Member Churches and Intermediate Body subscriptions and to some extent on donation income. They believe that the time-frames for which such income is reasonably assured and is satisfactory, and that expenditure linked to grant income is also managed along similar timeframes, so as to mitigate these risks so far as possible.
Page 15 of 34
CHURCHES TOGETHER IN ENGLAND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
Professional Indemnity insurance is purchased at a cost to the charity to protect the charity and its Trustees. Trustees along with Staff reviewed our insurance needs in 2024 which resulted in good value for money in terms of our Insurance Cover.
CTE places a great importance on health and safety matters and undertakes to conduct its operations in such a way as to safeguard the health and safety of all its employees, visitors, and the general public. To this end CTE has endeavoured to create and develop a working environment in which there is an awareness of the vital importance of health and safety.
CTE has engaged a new provider to deliver training to Staff and where appropriate Trustees. Training has included Health and Safety Training; Data Protection Training; Display Screen Equipment Training; Effective Remote Working Training; Equality, Diversity and Inclusion Training; First Aid Training and Safeguarding Training. This encourages all staff and Trustees to participate in developing and practicing safe working methods and to have regard for the welfare of themselves and others. CTE has a certified first aider amongst its employees. Staff training and consciousness-raising is taken seriously within the organisation.
CTE is aware of the implications of the full implementation of the Disability Discrimination Act in all its activities. Staff have been made aware of, and are required to implement, the data protection principles. CTE is registered with the Information Commissioner’s Office.
FINANCIAL REVIEW
The result for the year is shown in the Statement of Financial Activities on page 20 and is considered satisfactory by the Trustees. The deficit in the year on the General Fund of £44,135 (2023: £58,754) leaves the general fund with a balance of £276,868 (2023: £321,003) which the Trustees consider adequate to provide the charity with stability and enable longer term planning.
INVESTMENT POLICY & PERFORMANCE
The Trustees’ policy is to retain any short-term surplus funds, including designated and restricted funds, in the highest possible interest-bearing accounts consistent with the objects of the charity, currently using the CAF Bank ‘Gold Account’, the CCLA Investment Management ‘COIF Charities Deposit Fund’ and the Epworth Investment Management ‘Affirmative Deposit Fund for Charities’. Longterm surplus funds are placed in quoted investment funds as set out in note 9. Investment performance was better than in 2023 and this was in line with an improvement in the market at the year end. The Trustees designated £150,000 for the Bill Snelson Young Ecumenists Fund in 2022 to provide a bursary for emerging leaders and opened the fund for grant awards in 2023. This has continued in 2024 and will continue into the foreseeable future.
RESERVES POLICY
It is the policy of the Trustees to ensure that the charity has adequate reserves to enable it to meet both its ongoing commitments in regard to general charitable activities, and its future funding requirements. The Trustees require as reserves a minimum of nine months’ expenditure in order to meet any contractual and winding-up costs. The total reserves at the year-end was £666,646 (2023: £699,445).
At the year end, the charity held restricted funds of £Nil (2023: £Nil), designated funds of £389,778 (2023: £378,442) and general funds of £276,868 (2023: £321,003) of which £Nil (2023: £Nil) is represented by tangible fixed assets. The Trustees consider the current level of reserves to be appropriate for the present situation and requirements of the charity, and will continue to review the
Page 16 of 34
CHURCHES TOGETHER IN ENGLAND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
overall position and policy at regular intervals. The Special Projects Fund is intended to be expended over the next 3 to 5 years.
In 2021 the Trustees took the decision to invest in a Head of Operations role three days a week and spend approximately £150,000 of reserves on this role over the next 5 years. CTE is two and a half years into implementing this decision.
INDEPENDENT EXAMINER
Shoaib Arshad FCCA ACA of Knox Cropper LLP Chartered Accountants was appointed as Independent Examiner of the Charity at the last Annual General Meeting and a resolution proposing his reappointment will be put to the next Annual General Meeting.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The Trustees are responsible for preparing the Directors’ Report and the financial statements in accordance with applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the incoming resources and application of resources, including income and expenditure, of the company for that period.
In preparing those financial statements, the directors are required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; observe the methods and principles in the Charities SORP; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
So far as the Trustees are aware, there is no relevant information of which the company’s independent examiners are unaware. The directors have taken all the steps that they ought to have taken in order to make themselves aware of any relevant information and to establish that the company’s independent examiners are aware of the information.
Page 17 of 34
CHURCHES TOGETHER IN ENGLAND
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT (CONTINUED)
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
On behalf of the Board, / Rev’d Dr Callan Slipper (Convenor/Chair) (:btom Sop —
Dated: 18 June 2025
Page 18 of 34
REPORT OF THE INDEPENDENT EXAMINER TO THE MEMBERS OF
CHURCHES TOGETHER IN ENGLAND
FOR THE YEAR ENDED 31 DECEMBER 2024
I report to the charity Trustees on my examination of the accounts of the Churches Together in England for the year ended 31 December 2024 set out on pages 20 to 34.
Responsibilities and basis of report
As the Trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the Company are not required by charity or company law to be audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the Company 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 Company’s accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
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 that in any material respect:
-
accounting records were not kept as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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 accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing 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 order to enable a proper understanding of the accounts to be reached.
Shoaib Arshad FCCA, ACA Knox Cropper LLP Chartered Accountants 65 Leadenhall Street, London, EC3A 2AD Date: 18 June 2025
Page 19 of 34
CHURCHES TOGETHER IN ENGLAND STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes 2 3 4 5 13 Net movement in Funds Reconciliation of Funds Balances at 1 January Net Income/(Expenditure) Net movement in Funds Transfers between funds Balances at 31 December INCOME Donations and legacies Charitable Activities Investments Total expenditure Net Income/(Expenditure) Gains / (Losses) on investments Total EXPENDITURE Charitable activities |
General Designated 2024 2024 £ £ 359,542 1,590 101,487 10,000 23,989 4,543 485,018 16,133 539,306 10,307 539,306 10,307 (54,288) 5,826 10,153 5,510 (44,135) 11,336 - - (44,135) 11,336 321,003 378,442 (44,135) 11,336 276,868 389,778 Unrestricted Funds |
General Designated 2024 2024 £ £ 359,542 1,590 101,487 10,000 23,989 4,543 485,018 16,133 539,306 10,307 539,306 10,307 (54,288) 5,826 10,153 5,510 (44,135) 11,336 - - (44,135) 11,336 321,003 378,442 (44,135) 11,336 276,868 389,778 Unrestricted Funds |
Restricted Funds 2024 £ - - - |
Total Funds 2024 £ 361,132 111,487 28,532 |
Total Funds 2023 £ 357,884 67,424 25,751 |
|---|---|---|---|---|---|
| 485,018 | - | 501,151 | 451,059 | ||
| 539,306 | - | 549,613 | 497,899 | ||
| 539,306 | - | 549,613 | 497,899 | ||
| (54,288) 10,153 |
5,826 5,510 |
- - |
(48,462) 15,663 (32,799) - |
(46,840) 14,172 |
|
| (44,135) - |
11,336 - |
- - |
(32,668) - |
||
| (44,135) | 11,336 | - - - |
(32,799) | (32,668) | |
| 321,003 (44,135) |
378,442 11,336 |
699,445 (32,799) |
732,113 (32,668) |
||
| 276,868 | 389,778 | - | 666,646 | 699,445 |
Page 20 of 34
REPORT OF THE INDEPENDENT EXAMINER
TO THE MEMBERS OF
CHURCHES TOGETHER IN ENGLAND
FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes 8 9 10 11 12 General 13 Designated 13 13 Net Current Assets Debtors Restricted Tangible assets Total Funds Investments Creditors: amounts falling due in more than one Net Assets Funds Unrestricted: Current Assets Cash at bank and in hand Current Liabilities Amounts falling due within one year Fixed Assets |
£ - 300,168 |
2024 £ 300,168 368,598 (2,120) |
£ - 287,629 |
2023 £ 287,629 412,785 (969) |
|---|---|---|---|---|
| 990 408,625 |
6,476 432,733 |
|||
| 409,615 (41,017) |
439,209 (26,424) |
|||
| 666,646 | 699,445 | |||
| 276,868 389,778 - |
321,003 378,442 - |
|||
| 666,646 | 699,445 |
These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and with the Financial Reporting Standard FRS 102.The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The Trustees acknowledge their responsibilities for:
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Page 21 of 34
CHURCHES TOGETHER IN ENGLAND BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2024
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
Pastor Rasaq Ibrahim, Director Company Number: 05354231
Date: 18 June 2025
Page 22 of 34
CHURCHES TOGETHER IN ENGLAND CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
| £ Net income/(expenditure) for the year Adjustments for: Purchases/disposals of investments 3,124 (Gains)/losses on investments (15,663) Dividends, interest and rents from investments (28,532) (Increase)/decrease in debtors 5,486 (Decrease)/increase in creditors 14,593 Increase/(decrease) in creditors over one year 1,151 Cash flows from operating activities Cash flows from investing activities Dividends, interest and rents from investments 28,532 Cash provided by investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Total cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash held with investment managers Cash at bank and in hand Total Funds |
£ 3,124 (15,663) (28,532) 5,486 14,593 1,151 28,532 |
2024 £ (32,799) (19,841) |
£ (15,563) (14,172) (25,751) 17,434 (11,778) (853) |
2023 £ (32,668) (50,683) |
|---|---|---|---|---|
| 25,751 | ||||
| (52,640) 28,532 |
(83,351) 25,751 |
|||
| Cashflows £ 19,838 (43,946) |
||||
| (24,108) 432,733 |
(57,600) 490,333 |
|||
| 408,625 | 432,733 | |||
| Balance at 1 January £ 366,054 66,679 |
Balance at 31 December £ 385,892 22,733 |
|||
| 432,733 | (24,108) |
408,625 |
Page 23 of 34
CHURCHES TOGETHER IN ENGLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting Policies
a. Basis of preparation
The financial statements have been prepared in accordance with 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) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared under historical cost convention with the exception of investments which are included at market value. The presentational currency of these financial statements is Pounds Sterling (£). Churches Together in England meets the definition of a public benefit entity under FRS 102.
- b. Going Concern
After making enquires, the Trustees have a reasonable expectation that the Charity has adequate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements as outlined in the Statement of Trustees’ Responsibilities on page 17.
c. Grants receivable, donations and subscriptions
Grants receivable, donations and subscriptions are recognised in the period when the charity has entitlement to the funds, any performance conditions attached to the item of income has been met, it is probable that the income will be received and the amount can be measured reliably.
d. Investment income
Investment income is recognised on the receipts basis.
e. Grants paid
Grants paid are recognised on a payments basis.
f. Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Costs are split between categories based on staff time.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities and include the charity’s governance costs. Governance costs are those costs associated with meeting the constitutional and statutory requirements of the charity and include the costs relevant to the strategic management of the charity.
- g. Pension costs
Pension costs represent contributions payable to employees’ personal and denominational and other pension schemes, including The Pensions Trust (see below), and are charged to the Statement of Financial Activities as they are incurred.
Page 24 of 34
CHURCHES TOGETHER IN ENGLAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
The Pensions Trust Growth Plan is in most respects a money purchase arrangement, but does include certain guaranteed benefit elements. The Plan is a multi-employer scheme. As such it is not possible in the normal course of events to identify the share of the underlying assets belonging to the individual participating employers, and accordingly, in accordance with section 28 of FRS102, is also accounted for as a defined contribution scheme with contributions being recorded as they become payable.
Where the scheme is in deficit and where the charity has agreed to a deficit funding arrangement, the liability for this obligation is recognised as the net present value of the deficit reduction contributions payable under the agreement.
h. Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less the estimated residual value of each tangible fixed asset over its expected useful life as follows:
i. Office furniture - 10% / 20% straight line ii. Office equipment - 20% straight line iii. Computer equipment - 50% / 33% straight line All assets costing more than £1,000 are capitalised.
i. Listed investments
Listed investments are initially recognised at their transactional value and subsequently measured at their fair value as at the balance sheet date using the closing market value. Realised and unrealised gains are disclosed in the Statement of Financial Activities.
- j. Funds
Unrestricted funds are incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general fund. Designated funds are unrestricted funds earmarked by the Trustees for a particular purpose. At the decision of the Trustees, previously designated funds may be transferred back to unrestricted general funds without further specified purpose. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of costs.
k. Financial Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, these being cash at bank, debtors and creditors (see notes 10 and 11). Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
- l. Cash and cash equivalents
Cash and Cash Equivalents in the Balance Sheet comprise cash at bank and in hand and short term deposits with an original maturity of three months or less. For the purpose of the Statement of Cash Flows, cash and cash equivalents are as defined above net of outstanding bank overdrafts if they exist.
m. Judgements and key sources of estimation uncertainty
No judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have a significant effect on amounts recognised in the financial statements.
Page 25 of 34
CHURCHES TOGETHER IN ENGLAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
2) Grants and Donations
| Grants and Donatons | Grants and Donatons | |
|---|---|---|
| General 2024 2024 £ £ Donations: 442 1,590 Contributions from Member Churches 359,100 - Total 359,542 1,590 Designated Unrestricted Funds |
Total Total Funds Funds Funds 2024 2024 2023 £ £ £ - 2,032 9,744 - 359,100 348,140 - 361,132 357,884 Restricted |
|
| 1,590 |
Comparative grants and donations
| Comparatve grants and donatons | ||||
|---|---|---|---|---|
| Donations: Contributions from Member Churches Total |
General 2023 2023 £ £ 572 9,172 348,140 - 348,712 9,172 Designated Unrestricted Funds |
Funds 2023 £ - - - Restricted |
Total Funds 2023 £ 9,744 348,140 |
|
| 348,712 | 9,172 | 357,884 |
3) Charitable Activities
| Comparatve income from charitable actvites Total Total General Funds Funds Funds 2024 2024 2024 2024 2023 £ £ £ £ £ 28,422 - - 28,422 26,450 Conference fee income 68,092 10,000 - 78,092 40,747 Miscellaneous income 4,973 - - 4,973 227 Total 101,487 10,000 - 111,487 67,424 Restricted Unrestricted Funds Designated Subscriptions from intermediate Total General Funds Funds 2023 2023 2023 2023 £ £ £ £ 26,450 - - 26,450 Conference fee income 30,747 10,000 - 40,747 Miscellaneous income 227 - - 227 Total 57,424 10,000 - 67,424 Restricted Unrestricted Funds Designated Subscriptions from intermediate |
Comparatve income from charitable actvites Total Total General Funds Funds Funds 2024 2024 2024 2024 2023 £ £ £ £ £ 28,422 - - 28,422 26,450 Conference fee income 68,092 10,000 - 78,092 40,747 Miscellaneous income 4,973 - - 4,973 227 Total 101,487 10,000 - 111,487 67,424 Restricted Unrestricted Funds Designated Subscriptions from intermediate Total General Funds Funds 2023 2023 2023 2023 £ £ £ £ 26,450 - - 26,450 Conference fee income 30,747 10,000 - 40,747 Miscellaneous income 227 - - 227 Total 57,424 10,000 - 67,424 Restricted Unrestricted Funds Designated Subscriptions from intermediate |
Funds 2024 £ - - - Restricted |
Funds 2024 £ - - - Restricted |
Total Funds 2024 £ 28,422 78,092 4,973 |
Total Funds 2024 £ 28,422 78,092 4,973 |
Total Funds 2023 £ 26,450 40,747 227 |
|---|---|---|---|---|---|---|
| 10,000 | - | 111,487 | 67,424 | |||
| Total Funds 2023 £ 26,450 40,747 227 67,424 |
Comparative income from charitable activities
Page 26 of 34
CHURCHES TOGETHER IN ENGLAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
4) Investments
| Comparatve investments UK Listed Investment Bank interest received Total UK Listed Investment Bank interest received Total |
Total Total General Funds Funds Funds 2024 2024 2024 2024 2023 £ £ £ £ £ 1,992 4,456 - 6,448 6,485 21,997 87 - 22,084 19,266 23,989 4,543 - 28,532 25,751 Restricted Designated Unrestricted Funds Total General Funds Funds 2023 2023 2023 2023 £ £ £ £ 6,485 - - 6,485 19,259 7 - 19,266 25,744 7 - 25,751 Unrestricted Funds Restricted Designated |
|
|---|---|---|
5) Expenditure: Charitable activities
| Staff welfare, training and recruitment Travel expenses Insurance Conference expenses Investment management fees Website Bad debts Total Support costs Governance Costs Independent Examination Fee Other Governance costs Total Governance costs Total Office costs Total Staff costs Support costs: Rent Charitable activities Computer consultancy and running costs Bill Snelson Young Ecumenists Fund Other Legal fees, HR and financial consultancy Grants: Staff costs: |
General 2024 2024 £ £ - 7,060 1,110 - 1,110 7,060 358,318 - 358,318 - 5,500 - 13,769 3 6,520 - 5,946 - 41,041 - 3,282 - 19,377 - 83,147 2,040 627 1,204 677 - (7,193) - 172,693 3,247 3,612 - 3,573 - 7,185 - 539,306 10,307 Designated Unrestricted Funds |
General 2024 2024 £ £ - 7,060 1,110 - 1,110 7,060 358,318 - 358,318 - 5,500 - 13,769 3 6,520 - 5,946 - 41,041 - 3,282 - 19,377 - 83,147 2,040 627 1,204 677 - (7,193) - 172,693 3,247 3,612 - 3,573 - 7,185 - 539,306 10,307 Designated Unrestricted Funds |
Funds 2024 £ - - Restricted |
Total Total Funds Funds 2024 2023 £ £ 7,060 - 1,110 - |
|---|---|---|---|---|
| 1,110 | 7,060 | - | 8,170 - |
|
| 358,318 | - | - | 358,318 334,621 |
|
| 358,318 | - | - | 358,318 334,621 |
|
| 5,500 13,769 6,520 5,946 41,041 3,282 19,377 83,147 627 677 (7,193) |
- 3 - - - - - 2,040 1,204 - - |
- - - - - - - - - - - |
5,500 5,500 13,772 13,531 6,520 8,942 5,946 3,423 41,041 40,754 3,282 4,277 19,377 19,728 85,187 62,477 1,831 1,243 677 - (7,193) (2,472) |
|
| 172,693 | 3,247 | - | 175,940 157,403 |
|
| 3,612 3,573 |
- - |
- - |
3,612 2,808 3,573 3,067 |
|
| 7,185 | - | - | 7,185 5,875 |
|
| 539,306 | 10,307 | - | 549,613 497,899 |
Page 27 of 34
CHURCHES TOGETHER IN ENGLAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
5) Expenditure: Charitable activities (continued) Comparative expenditure: Charitable activities
| Staff welfare, training and recruitment Travel expenses Insurance Conference expenses Investment management fees Website Publications Bad debts Total Support costs Governance Costs Independent Examination Fee Other Governance costs Total Governance costs Total Legal fees, HR and financial consultancy Staff costs: Computer consultancy and running costs Office costs Total Staff costs Support costs: Rent Charitable activities |
General 2023 2023 £ £ 334,621 - 334,621 - 5,500 - 13,531 - 8,942 - 3,423 - 40,754 - 4,277 - 19,728 - 52,669 7,452 1,243 - - - - - (2,472) - 147,595 7,452 2,808 - 3,067 - 5,875 - 488,091 7,452 Unrestricted Funds Designated |
General 2023 2023 £ £ 334,621 - 334,621 - 5,500 - 13,531 - 8,942 - 3,423 - 40,754 - 4,277 - 19,728 - 52,669 7,452 1,243 - - - - - (2,472) - 147,595 7,452 2,808 - 3,067 - 5,875 - 488,091 7,452 Unrestricted Funds Designated |
Funds 2023 £ - Restricted |
Total Funds 2023 £ 334,621 |
|---|---|---|---|---|
| 334,621 | - | - | 334,621 | |
| 5,500 13,531 8,942 3,423 40,754 4,277 19,728 52,669 1,243 - - (2,472) |
- - - - - - - 7,452 - - - - |
- - - - - - - 2,356 - - - - |
5,500 13,531 8,942 3,423 40,754 4,277 19,728 62,477 1,243 - - (2,472) |
|
| 147,595 | 7,452 | 2,356 | 157,403 | |
| 2,808 3,067 |
- - |
- - |
2,808 3,067 |
|
| 5,875 | - | - | 5,875 | |
| 488,091 | 7,452 | 2,356 | 497,899 |
6) Trustees’ Emoluments
None of the Trustees were remunerated or received pension benefits.
Expenses reimbursed to Trustees for travel, subsistence and conference expenses were £2,301 (2023: £2,897).
7) Staff Costs
| Staff costs during the year were: Wages and salaries Social security costs Pension contributions Total |
2024 2023 £ £ 298,572 280,881 27,088 24,597 31,529 29,143 |
|---|---|
| 357,189 334,621 |
No employees received remuneration greater than £60,000.
Page 28 of 34
CHURCHES TOGETHER IN ENGLAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
7) Staff Costs (Continued)
| 2024 Number Direct charitable activities 5 Management and administration 2 Total 7 The average number of employees (including 2 who are part-time) during the year was: |
2023 Number 5 2 |
|---|---|
| 7 |
All staff are entitled to receive pension contributions. Pension contributions for the current year are after recognising the movement in the deficit reduction funding provision for the year as analysed in note 12. This was an increase of £1,151 in the current year (2023: release of £853).
Key Management Personnel
Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the charity, directly or indirectly, including any Trustee (whether executive or otherwise) of the charity. The key management personnel of Churches Together in England are the Trustees and the General Secretary.
Total compensation paid to key management personnel including employers’ National Insurance and employer’s pension contributions in the year amounted to £76,202 (2023: £72,544).
8) Tangible Fixed Assets
| angible Fixed Assets | |
|---|---|
| Cost Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net Book Value At 31 December 2024 At 31 December 2023 At 31 December 2024 At 1 January 2024 |
Office Equipment £ 2,776 |
| 2,776 | |
| 2,776 - |
|
| 2,776 | |
| - | |
| - |
9) Investments
| Market Value At 1 January 2024 Additions Disposals (Decrease)/Increase on revaluation in year At 31 December 2024 Historic Cost |
UK Listed Investments 2024 £ 287,629 106,685 (109,809) 15,663 |
UK Listed Investments 2023 £ 257,894 417,749 (402,186) 14,172 |
|---|---|---|
| 300,168 | 287,629 | |
| 259,111 | 255,474 |
Page 29 of 34
CHURCHES TOGETHER IN ENGLAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
9 ) Investments (Continued)
The UK listed investments are as follows:
| COIF Charities Investment Fund Epworth Climate Stewardship Fund Epworth Global Equity Fund Epworth UK Equity Fund FP Foresight Global Real Infrastructure Fund A Inc L&G UK Property Feeder Fund I Class Acc Rathbone Ethical Bond Fund Institutional Inc Rathbone Greenbank Global Sustainable Bond Fund F Acc Royal London Short Term Money Market Y Acc Royal Mint Responsibly Sourced Physical Gold Spark Change Physical Carbon EUA Threadneedle UK Social Bond Fund Institutional Income GBP Vanguard UK Government Bond Index Fund GBP Acc Vanguard US Government Bond Index Fund Investor GBP Hedged Acc |
UK Listed UK Listed 2024 2023 £ £ 35,025 34,251 19,758 35,370 119,404 81,730 19,715 35,474 21,146 32,779 8,075 6,956 8,053 10,181 13,404 12,468 6,769 7,377 5,353 - 8,815 - 5,390 7,017 15,868 14,038 13,393 9,988 |
|---|---|
| 300,168 287,629 |
10) Debtors
| Other debtors Prepayments Total |
2024 £ 171 819 |
2023 £ 5,650 826 |
|---|---|---|
| 990 | 6,476 |
11) Current Liabilities: Amounts Falling Due Within One Year
| Other creditors Tax and NI creditor Accruals Total |
2024 2023 £ £ 29,655 15,831 8,242 7,965 3,120 2,628 |
|---|---|
| 41,017 26,424 |
12) Pension Obligations
a) TPT Retirement Solutions - The Growth Plan
The company participates in the scheme, a multi-employer scheme which provides benefits to some 521 non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.
The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.
The scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to
Page 30 of 34
CHURCHES TOGETHER IN ENGLAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
12) Pension Obligations (continued)
meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.
A full actuarial valuation for the scheme was carried out at 30 September 2023. This valuation showed assets of £514.9m, liabilities of £531.0m and a deficit of £16.1m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:
Deficit contributions
From 1 April 2025 to 31 March 2028: £2,100,000 per annum (payable monthly)
Unless a concession has been agreed with the Trustee the term to 31 January 2028 applies. Note that the scheme’s previous valuation was carried out with an effective date of 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee asked the participating employers to pay additional contributions to the scheme as follows:
Deficit contributions
| From 1 April 2022 | £3,312,000 per annum (payable monthly) |
|---|---|
| to 31 January 2025: |
The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities.
Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.
| Provision as at 1 January Unwinding of the discount factor Deficit contributions paid Re-measurements – impact of any change in assumptions Provision as at 31 December |
2024 £ 969 27 (918) 2,042 |
2023 £ 1,822 67 (918) (2) |
|---|---|---|
| 2,120 | 969 |
13) Funds
Unrestricted funds are incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
Designated funds are unrestricted funds earmarked by the Trustees for a particular purpose.
CTE Forum represents funds earmarked by the Trustees to meet the cost of an event called CTE Forum which is intended to be run every three years.
Page 31 of 34
CHURCHES TOGETHER IN ENGLAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
13) Funds (Continued)
The Bill Snelson Young Ecumenists Fund was established to provide grants to young people involved in furthering ecumenism.
The Special Project Fund has been established to provide support for small projects run by CTE and capacity building within Churches Together groups.
| Balance | Balance at | |||||
|---|---|---|---|---|---|---|
| at 1 | Income | Expenses | Gains | Transfers | 31 | |
| January | December | |||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds: | ||||||
| General funds | 321,003 | 485,018 | (539,306) | 10,153 | - | 276,868 |
| Designated funds: | ||||||
| Forum | 10,000 | 10,000 | - | - | 20,000 | |
| Bill Snelsdon Young | ||||||
| Ecumenists Fund | 168,442 | 6,133 | (10,307) | 5,510 | 169,778 | |
| Special Projects | ||||||
| Fund | 200,000 | - | - | - | - | 200,000 |
| Total designated funds | 378,442 | 16,133 | (10,307) | 5,510 | - | 389,778 |
| Total Funds | 699,445 | 501,151 | (549,613) | 15,663 | - | 666,646 |
Comparative statement of funds
Page 32 of 34
CHURCHES TOGETHER IN ENGLAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
14) Analysis of net assets between funds
| Analysis of net assets between funds | |||||
|---|---|---|---|---|---|
| Tangible Fixed |
Investments | Net Current Assets |
Total | ||
| £ | £ | £ | £ | ||
| Unrestricted Funds | |||||
| General funds | - | 300,168 | (23,300) | 276,868 | |
| Designated funds: | |||||
| Forum | - | - | 20,000 |
20,000 |
|
| Bill Snelsdon Young Ecumenists Fund | - | - |
169,778 |
169,778 | |
| Special Projects Fund | - | - |
200,000 | 200,000 | |
| Total designated funds | - | - |
389,778 |
389,778 | |
| Restricted Funds | |||||
| They also served | - | - | - | - |
|
| Total Funds | - | 300,168 | 366,478 | 666,646 | |
| Comparative analysis of net assets between funds | Comparative analysis of net assets between funds | Comparative analysis of net assets between funds |
15) Operating lease commitments
At 31 December 2024 the charity had no (2023: nil) annual commitments under operating leases.
Page 33 of 34
CHURCHES TOGETHER IN ENGLAND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
16) Comparative Statement of Financial Activities by fund type
| Investments Total expenditure Net Income/(Expenditure) Gains / (Losses) on investments Total EXPENDITURE Charitable activities INCOME Donations and legacies Charitable Activities Net Income/(Expenditure) Other Transfers between funds Net movement in Funds |
General Designated 2023 2023 £ £ 348,712 9,172 57,424 10,000 25,744 7 431,880 19,179 488,091 7,452 488,091 7,452 (56,211) 11,727 2,457 11,715 (53,754) 23,442 (5,000) 5,000 (58,754) 28,442 Unrestricted Funds |
General Designated 2023 2023 £ £ 348,712 9,172 57,424 10,000 25,744 7 431,880 19,179 488,091 7,452 488,091 7,452 (56,211) 11,727 2,457 11,715 (53,754) 23,442 (5,000) 5,000 (58,754) 28,442 Unrestricted Funds |
Restricted Funds 2023 £ - - - |
Total Funds 2023 £ 357,884 67,424 25,751 |
|---|---|---|---|---|
| 431,880 | 19,179 | - | 451,059 | |
| 488,091 | 7,452 | 2,356 | 497,899 | |
| 488,091 | 7,452 | 2,356 | 497,899 | |
| (56,211) 2,457 |
11,727 11,715 |
(2,356) - |
(46,840) 14,172 |
|
| (53,754) (5,000) |
23,442 5,000 |
(2,356) - |
(32,668) - |
|
| (58,754) | 28,442 | (2,356) |
(32,668) |
17) Related Party Transactions
There are no related party transactions during the year.
Page 34 of 34