Charity Registration No. 1143120
THE FREE CHURCH OF ENGLAND
OTHERWISE CALLED
THE REFORMED EPISCOPAL CHURCH
ACCOUNTS
FOR THE YEAR ENDED 31[ST] DECEMBER 2023
BK Plus Limited Accountants Azzurri House, Walsall Business Park Aldridge WS9 0RB
1
FREE CHURCH OF ENGLAND - ADMINISTRATION
| RECEIPTS Balance brought forward National Savings FCE Central Trust dividends Miscellaneous Gift Aid Transfers from Diocese PAYMENTS Subscriptions to Churches Together Subscriptions to Free Churches Group Subscriptions to / Thirtyone:eight (Safeguarding) Finance Management costs Accountancy charges General Secretary expenses General Secretary's office costs Honoraria - 6 people Miscellaneous General Treasurer expenses Balance carried forward |
2023 £ 25,223 459 13,123 30 - - 38,835 1,300 500 295 328 600 2,976 2,560 8,365 - 181 21,730 38,835 |
2022 £ 30,850 119 16,404 25 53 - |
||
|---|---|---|---|---|
| 47,451 | ||||
| 2,000 444 214 410 600 1,087 7,509 9,080 713 171 25,223 |
||||
| 47,451 |
2
FREE CHURCH OF ENGLAND QUOTA - GENERAL FUND
| RECEIPTS Balance brought forward Donations Quotas Overseas quotas Other misc. income Gift Aid PAYMENTS Convocation Widows Outreach Donations General Misc Council meetings (3) Finance Committee meetings (2) Bishop's meetings (3) Other meetings Transferred to Training Account Transferred to Publicity and Publications Account Transfer to Church planting (Tithing) Balance carried forward |
2023 £ -2,396 175 14,000 - - - 11,779 5,423 - 1,042 600 1,748 - 592 1,830 2,000 2,000 1,400 -4,856 11,779 |
2022 £ 3,437 - 12,900 - - - |
||
|---|---|---|---|---|
| 16,337 | ||||
| 9,297 240 - - 3,667 - 153 86 2,000 2,000 1,290 -2,396 |
||||
| 16,337 |
3
FREE CHURCH OF ENGLAND - PUBLICITY AND PUBLICATION FUND
| RECEIPTS Balance brought forward Bookroom Sales Transfer from Prayer book Fund Pay Pal Sales Donations Transfer from Quota General Fund PAYMENTS Printing of year books Cost of internet Postage Other publication costs Balance carried forward |
2023 £ 19,058 134 - - - 2,000 21,192 890 120 92 1,995 18,095 21,192 |
2022 £ 19,507 45 - - - 2,000 |
||
|---|---|---|---|---|
| 21,552 | ||||
| 1,573 921 - - 19,058 |
||||
| 21,552 |
4
FREE CHURCH OF ENGLAND – PRAYER BOOK FUND
| RECEIPTS Balance brought forward Transfer from Quota General Fund PAYMENTS Transfer to Publicity and Publications account Balance carried forward FREE CHURCH OF ENGLAND – YOUTH WORK FUND |
2023 £ - - - - - - |
2022 £ - - |
||
|---|---|---|---|---|
| - | ||||
| - - |
||||
| - | ||||
| RECEIPTS Balance brought forward Collections at Convocation Donations from churches PAYMENTS Donations to : Grant to TWIG Balance carried forward |
2023 £ - - - 500 -500 - |
2022 £ - |
||
|---|---|---|---|---|
| - | ||||
| - - - |
||||
| - |
5
FREE CHURCH OF ENGLAND - TRAINING
| RECEIPTS Balance brought forward Donation from f/flow board/USA Transfer from Quota General Fund PAYMENTS Fees – Licence for J Watson Fees - Balance carried forward FREE CHURCH OF ENGLAND – CONVOCATION FUND RECEIPTS Contribution towards Convocation Hospitality Churches Central Trust Missionary collections Contribution from Quota - General Fund PAYMENTS Convocation Hospitality Travelling expenses Printing and incidentals Transfer to Missionary Fund |
2023 £ 9,701 - 2,000 11,701 536 - 11,165 11,701 2023 £ 4,032 1,344 205 5,423 11,004 9,708 1,177 47 72 11,004 |
2022 £ 4,000 3,701 2,000 |
||
|---|---|---|---|---|
| 9,701 | ||||
| - - 9,701 |
||||
| 9,701 | ||||
| 2022 £ 3,720 780 228 9,297 |
||||
| 14,025 | ||||
| 12,064 1,183 550 228 |
||||
| 14,025 |
6
FREE CHURCH OF ENGLAND - CHURCH PLANTING FUND
| RECEIPTS Balance brought forward Donation from Central Trust Transfer from Quota - General Fund PAYMENTS EU Conference x 3 planting of churches Balance carried forward FREE CHURCH OF ENGLAND - EVANGELISM RECEIPTS Balance brought forward Donation from Central Trust PAYMENTS Payments towards Balance carried forward |
2023 £ 7,938 1,500 1,400 10,838 386 10,452 10,838 2023 £ 4,500 1,500 6,000 - 6,000 6,000 |
2022 £ 5,148 1,500 1,290 |
||
|---|---|---|---|---|
| 7,938 | ||||
| - 7,938 |
||||
| 7,938 | ||||
| 2022 £ 3,000 1,500 |
||||
| 4,500 | ||||
| - 4,500 |
||||
| 4,500 |
7
FREE CHURCH OF ENGLAND – BALANCE SHEET
| Balances as at 31st December Administration Fund Quota - General Fund Publicity and publication fund Youth Work Training Account Church Planting Fund Evangelism Account Rounding These are represented by: Lloyds Bank Ltd Pay Pal Account National Savings - Investment account National Savings - Bond Petty Cash - General Secretary Petty Cash - General Treasurer Overseas Accounts - Russia Overseas accounts - Brazil Sundry Debtors Deposits Creditors |
2023 £ 21,730 -4,856 18,095 -500 11,165 10,452 6,000 - 62,086 16,918 - 6,283 15,000 -2,561 -352 -214 362 28,984 - -2,334 62,086 |
2022 £ 25,223 -2,396 19,058 - 9,701 7,938 4,500 1 |
||
|---|---|---|---|---|
| 64,025 | ||||
| 14,984 - 5,824 15,000 -1,847 -171 -214 362 29,998 - 89 |
||||
| 64,025 |
- Under Charity Commission Schemes in connection with the sales of certain Churches, The Free Church of England Central Trust hold investments, the income from which is payable to the General Fund. On 31[st] December 2023 the value of these investments, including cash, was £321,924 (2022 - £305,932).
8
We approve the financial information, set out on pages 2 to 8. We acknowledge our responsibility for the financial information, including the appropriateness of the applicable financial reporting framework and for providing BK Plus Limited with all information and explanations necessary for its compilation.
…………………………………………………… …………………………………………………… ……………………………………………………
Bishop Primus General Secretary General Treasurer
9
FREE CHURCH OF ENGLAND CONVOCATION CHARITY (1143120)
ANNUAL REPORT 2023
The Convocation (composed of bishops, presbyters, deacons and lay representatives appointed according to the Constitution, and in their capacity as Trustees) met on Monday 20[th] to Wednesday 22[nd] May 2024 to discharge its responsibilities.
Reports were received detailing how the various office holders, committees and local congregations had fulfilled the charity’s object of advancing the Christian faith according to the principles and practices of the Free Church of England otherwise called the Reformed Episcopal Church. These were debated and accepted. Discussion groups and workshops were also held to help formulate a plan for future growth of the Denomination.
The Treasurer presented the accounts for 2023 which were agreed and accepted. The Trustees also agreed a budget and quota for the coming year.