2020-09-30-accounts - Global Fellowship Of Confessing Anglicans

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				Page
Reference and administrative		details ofthe charity, Its trusteesand	advisers
Trustees' report				2-7
Independent auditors'	report			8-10
Statement offinancial	activities
Balance sheet				12
Cash flow statement				13
Notes to the financial	statements			14-24

Registered		name	Global Fellowship	Global Fellowship	of Confessing	of Confessing	of Confessing	Anglicans	Anglicans
			(Operating name:		"Gafcon")
Trustees			Mr David Monro, Chair
			Mrs Sarah Finch
			Mr Olayinka	Fisher
			Revd Chris Green
			Miss Sarah Too (resigned				19March 2020)
			Dr Laurence	Scandrett
			Most Revd Benjamin			Kwashi
			Most Rev Laurent		Mbanda		(appointed		17September 2020)
			Mr Emmanuel	Kampouris			(appointed		17September 2020)
			Rev Charles	Marnham		(appointed		17	September 2020)
Company	registered
number			07759253
Charity registered
number			1144227
Registered		office	5 Fleet Place
			London
			EC4M 7RD
Operational		address	Unit 42-43, Kingspark			Business Centre
			152-178 Kingston		Road
			New Maiden
			Surrey
			KT3 3ST
Company secretary			Daniel Willis
Independent		auditors	Griffin Stone	Moscrop		8,Co
			Chartered Accountants
			21-27 Lamb's	Conduit		Street
			London
			WC1N 3GS
Solicitors			Charles Russell Speechlys				LLP
			5 Fleet Place
			London
			EC4M 7RD
Bankers			HSBC
			110High Street
			Godalming
			Surrey
			GU7 1DP

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2020	2020	2020	2019
	Note		6		F
Income from:
Donations and legacies	2	312,194	187,772	499,966	685,786
Charitable activities - conference fees		(2,293)		(2,293)	23,229
Other income		38		38	50
Total income and endowments		309,939	187,772	497,711	709,065
Expended on:
Raising funds	5	63,131	11,054	74,185	96,212
Charitable activities	6	347,836	173,382	521,218	839,886
Total expenditure		410,967	184,436	595,403	936,098
Movement in total funds for the year-
Net Income/(expenditure) for the year		(101,028)	3,336	(97,692)	(227,033)
Total funds at 1 October 2019		353,299	6,515	359,814	586,847
Total funds at 30September 2020		252,271	9,851	262,122	359,614

							Unrestricted	Restricted	Total	Total
							funds	funds	funds	funds
							2020	2020	2020	2019
						Note	E		E	F
Cash Flows from		Operating		Activities:
Net cash activities	provided	by/(usedin)		operating		15	(97,100)	3,512	(93,588)	(191,667)
Cash flows from		investing	activities
Proceeds	from the	sale offixed assets					337		337
Purchase	of fixed	assets					(1,249)		(1,249)	(463)
Net cash	usedin	investing		activiti es			(912)		(912)	(463)
Change	In cash and cash		equivalents		In
the year							(98,012)	3,512	(94,500)	(192,130)
Cash and	cash equivalents		at 1 October		2019		339,027	5,834	344,861	536,991
Cash and cash equivalents				at 30
September 2020						16	241,015	9,346	250,361	344,661

		2020	2019
Generating	funds	30%	30%
Charitable	activities	70%	70%

Voluntary	I	ncome
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds	funds	funds	funds	funds
			2020	2020	2020	2019	2019	2019
				6		8		8
Donations	from provinces,
branches		&churches	87,331	e9,411	146,742	143,704	73,246	216,950
Grants			62,935	92,115	15e,oeo	3,303	202,664	205,967
Donations	from individuals		161,928	36,246	198,174	128,719	134,150	262,869
Voluntary	income		312,194	187,772	499,966	275,726	410,060	685,786
Expenditure		analysis
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds	funds	funds	funds	funds
			2020 8	2020 6	2020 8	2019 F	2019f	2019
Raising funds			63,131	11,054	74,185	71,508	24,704	96,212
Charitable	activities		347,836	173,382	521,218	391,876	448,010	839,886
			410,967	184,436	595,403	463,384	472,714	936,098

4.	Analysis of	resources expend	resources expend	resources expend	ed	by	expenditure	type
							Staff	Depre-		Other
							costs	ciation		costs	Total	Total
							2020	2020		2020	2020	2019
							E		f	6	6
	Raising funds					37,692			46	36,447	74,185	96,212
	Charitable Activities					288,146		2,009		231,063	521,218	839,886
						325,838		2,055		267,510	595,403	936,098
5.	Costs ofgenerating			voluntary	Income
	(a)Analysis	of	Resources Expended							Support
								Direct	costs	costs	Total	Total
									2020	2020	2020	2019
									6
	Fundraising		costs						22 252	51 933	74 185	96212
	(b) Direct costs ofgenerating				voluntary			Unrestricted		Restricted	Totalfunds	Total
	income								funds	funds		funds
									2020	2020	2020	2020
									6	6	8	E
	Staff costs											11,173
	Overnight	Accommodation										126
	Office costs								23		23	3,302
	Publicity costs								1,019		1,019	2,622
	Consultancy		costs					17,074			17,074	24,403
	Bank &other		charges						3,984	152	4,136	4,525
	Total							22,100		152	22,252	46,151

An	alysis ofres	ources expended by activities	ources expended by activities	ources expended by activities
(a)	Analysis of	Resources Expended				Support
					Direct costs	costs	Total	Total
					2020	2020	2020	2019
							f	6
	Charitable activities		including	conferences	400,040	121,178	521,218	839,888
					400,040	121,178	521,218	839,886
(b)	Direct Charitable costs				Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2020	2020	2020	2019
	Staff costs				140,092	60,106	200,198	188,600
	Recruitment,	training			2,168	16,597	18,765	30,187
	Travel &Subsistence				21,520	27,942	49,462	223,499
	Overnight Accommodation				7,473	1,545	9,018	84,050
	Venue costs				6,917	28,190	35,107	73,040
	Publicity costs				18,513	124	18,637	42,928
	Office costs				17,635	5,498	23i133	29,488
	ITcosts				2,391		2,391	6,842
	Legal & professional		costs			(2,174)	(2,174)	9,900
	Consultancy	costs			30,697	9,600	40,297	50,311
	Bank & other	charges			2,965	338	3,303	2,690
	Depreciation				1,727	176	1,903	1,542
					252,098	147,942	400,040	723,077

Supportcosts
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2020	2020	2020	2019
			f	6
Staff costs Temp Staff		91,670	33,970	125,640	125,737 900
Recruitment, training					163
Travel &Subsistence Overnight Accommodation		3,577	22	3,599	8,928 435
Publicity costs		189		189	107
Oflice costs ITcosts Legal & professional	costs	20,310 3,010 990		20,310 3,010 990	15,379 3,853 594
Bank &other charges		311		311	428
Depreciation		152		152	152
Exchange losses/(gains)		7,499		7,499	(2,579)
Governance Items
Trustees Meeting expenses		41		41	43
Trustees Travel		155		155	301
Guarantors Meeting Guarantors Meeting	—Travel &subsistence —Overnight	2,180	2,350	4,530	4,671
accommodation Guarantors Meeting —Office costs Audit fee Other Legal 8, Professional fees		1,127 265 5,280 13		1,127 265 5,280 13	2,845 113 4,800
		136,769	36,342	173,111	166,870
Allocation:
Cost of Generating Charitable Activities	funds	41,031 95,738	10,902 25,440	51,933 121,178	50,061 116,809
		136769	36341	173111	166,870

				2020	2019
				6	6
Depreciation of tangible		fixed assets:
- owned	by the charity			2,055	1,694
Auditors' Auditors'	remuneration remuneration	—audit fees —non-audit	fees	5,280 990	4,800 594

Staffcosts	Staffcosts	Staffcosts
Staff costs were as follows:					2020	2019
						F
Wages and	salaries				286,066	269,061
Temporary	staff					900
Social security costs					15,749	21,621
Pensions					24,023	34,828
					325,838	326,410
The average	monthly	number	ofemployees	during the year was as follows:
					2020	2019
					No.	No.
					8	8

			Fixtures,
			Fittings &	Computer
			Equipment	Equipment	Total
Cost			6	f
At beginning	ofyear		882	7,408	8,290
Additions				1,249	1,249
Disposals				759	759
At end ofyear			882	7898	8780
Depreciation
At beginning	ofyear		201	5,015	5,216
Depreciation			176	1,879	2,055
Disposals				422	422
At end ofyear			377	6472	6 849
Net book value at year end			505	1 426	1 931
Net book value at beginning		ofyear	681	2,393	3,074

11.	Debtors
						2020	2019
						E	F
	Other debtors					1,076	13,366
	Prepayments		and accrued income			73,696	46,914
						74,772	60,280
12.	Creditors:	Amounts			falling due within one year
						2020	2019
						E	E
	Creditors					44,694	26,525
	Accruals and		deferred		income	13,444	5,781
	Other Taxation			and Social Security costs		6,804	16,095
						64,942	48,401

						Brought	Incoming	Resources	Carried
						Forward	Resources	Expended	Forward
						F		E	E
Restricted funds
Bishops Training	Institute		Fund			(4,e61)	63,858	(61,444)	(2,147)
Bishop Lines Fund							86,257	(86,257)
Video Production General Networks	Fund Fund					7,000	437	(2) (437)	6,998
Suffering Church	Network		Fund				1,961	(16)	1,945
Sustainable Development			Network		Fund		1,500	(1,500)
Theological Education		Network		Fund		77	3,182	(3,259)
General Secretary Travel Fund Conference Organiser Fund						3,995	29,038	(2,383) (29,038)	1,612
Kigali Bursary Fund							1,439		1,439
Other Funds							100	100	4
						6,515	187,772	(184,436)	9,851
Unrestricted funds
General						353,299	309,939	(410,967)	252,271
Total of funds						359,814	497,711	(595,403)	262,122

IOgall Bursary Funds to	provide bursaries	provide bursaries	provide bursaries	for delegates	from poorer	countries to	enable	them to attend our
2020 Bishops conference		in Kigali; Due to		Covid-19 this	conference	has been postponed.
Summary offunds
				Brought	Incoming	Resources		Carried
Year ended 30 September		2020:		Forwardf	Resources	Expended f	Transfers f	Forward
General funds				353,299	309,939	(410,967)		252,271
Restricted funds				6 515	187772	(184,436)		9851
				358 814	497 711	595463		262 122
Comparative Figures:
Year ended 30September		2019:
Restricted Funds
Growth Programme Fund	Extension				21,782	(21,782)
Bishops Training Institute	Fund			1,833	128,507	(134,901)		(4,561)
Office Establishment Fund				(783)	10,000	(9,217)
Bishop Lines Fund				25,017	99,701	(166,959)	42,241
Video Production Fund					7,000			7,000
General Networks Fund					2,045	(2,045)
Church Planting Network	Fund				8,000	(8,000)
Sustainable Development		Network			2,050	(2,050)
Theological Education Network			Fund		77			77
General Secretary Travel	Fund				16,185	(12,190)		3,995
South Sudan Transport Fund					22,435	(22,435)
General G19 Bursary Fund				794	81,567	(82,361)
Specific G19 Bursary Funds					10,774	(10,774)
Other Funds					4
				26,861	410,127	(472,714)	42,241	6,515
Unrestricted funds
General				559,986	298,938	(463,384)	(42,241)	353,299
Total offunds				586,847	709,065	(936,098)		359,814

14.	Analysis	of net	assets	between funds
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2020 f	2020 6	2020 6	2019f
	Tangible	fixed assets			1,426	505	1,931	3,074
	Current	assets			315,787	9,346	325,133	405,141
	Creditors	due within one		year	(64,942)		(64,942)	(48,401)
					252,271	9,861	262,122	359,814
15.	Reconciliation		ofnet income/(expenditure)		to net cash flow	from operating	activities
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	Funds
					2020 6	2020 6	2020 6	2019f
	Net income/(expenditure)			for the year	(101,028)	3,336	(97,692)	(227,033)
	(as per the Statement of			Financial Activities)
	Transfer
	Depreciation				1,879	176	2,055	1,694
	Changes	in Debtors			(14,492)		(14,492)	22,119
	Changes	in Creditors			16,541		16,541	11,553
					(97,100)	3,512	(93,588)	(191,667)
16.	Analysis	ofCash and Cash Equivalents
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	Funds
					2020f	2020 6	2020 6	2019
	Cash at bank and		in hand		241,015	9,346	250,361	344,861