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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|
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|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|||||||
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|||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|
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||||||||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|
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|||2020|2019|
|---|---|---|---|
|Generating|funds|30%|30%|
|Charitable|activities|70%|70%|
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|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|
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|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|
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|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|
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|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|
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|||||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|
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|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|
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||||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|
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|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|
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|||||||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|
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|IOgall Bursary Funds to|provide bursaries|provide bursaries|provide bursaries|for delegates|from poorer|countries to|enable|them to attend our|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|
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|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|
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