2021-09-30-accounts - Global Fellowship Of Confessing Anglicans

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				Page
Reference and Administrative		Details ofthe Charity, its Trusteesand	Advisers
Trustees' Report				2-5
Independent Auditors'	Report			6-9
Statement ofFinancial	Activities			10
Balance Sheet
Cash Flow Statement				12
Notes to the Financial	Statements			13-23

Registered	name			Global Fellowship	of Confessing	of Confessing	of Confessing	of Confessing	Anglicans
				(Operating name: "Gafcon")
Trustees				Mr David Monro, Chair
				Mrs Sarah Finch
				Mr Olayinka Fisher	(reappointed				17March 2021)
				Revd Chris Green
				Mr Emmanuel Kampouris
				Most Revd Benjamin		Kwashi
				Preb Charles Marnham
				Most Revd Laurent	Mbanda
				Dr Laurence Scandrett
Company registration			no.	07759253
Charity registration		no.		1144227
Registered	office			Unit 42-43, Kingspark			Business		Centre
				152-178Kingston	Road
				New Maiden
				Surrey
				KT3 3ST
Operational	address			Unit 42-43, Kingspark			Business		Centre
				152-178Kingston	Road
				New Maiden
				Surrey
				KT3 3ST
Company secretary				Canon 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
			Note	2021 f	2021 f	2021f	2020 E
Income from:
Donations and legacies				297,614	90,833	388,447	499,966
Charitable activities	-conference fees			586		586	(2,293)
Other income				28		28	38
Total income and endowments				298,228	90,833	389,061	497,711
Expended on:
Raising funds				57,909	9,293	67,202	74,185
Charitable activities				216,384	79,325	295,709	521,218
Total expenditure				274,293	88,618	362,911	595,403
Movement in total	funds	for the year - Net
income/(expenditure)		for the year		23,935	2,215	26,150	(97,692)
Total funds at 1 October		2020		252,271	9,851	262,122	359,814
Total funds at 30September 2021				276,206	12,066	288,272	262,122

		Note		2021f		2020 E
Fixed assets
Tangible assets		10		968		1,931
Current assets
Debtors			56,261		74,772
Cash at bank			260,686		250,361
			316,947		325,133
Creditors: amounts year	falling due withinone		(29,643)		(64,942)
Net current assets				287,304		260,191
Net assets				288,272		262,122
Charitable funds
Restricted funds		13		12,066		9,851
Unrestricted funds		13		276,206		252,271
Total funds				288,272		262,122

					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2021	2021	2021	2020
				Note
Cash Flows from Operating		Activities:
Net cash acti vities	provided by/(used	in) operating		15	7,934	2,391	10,325	(93,588)
Cash flows from investing		activities
Proceeds from the sale of		fixed assets				385	385	337
Purchase	offixed assets					(385)	(385)	(1,249)
Net cash	used in investing	activities						(912)
Change	in cash and cash equivalents		in the
year					7,934	2,391	10,325	(94,500)
Cash and cash equivalents		at 1 October 2020			241,015	9,346	250,361	344,861
Cash and cash equivalents 2021		at 30September		16	248,949	11,737	260,686	250,361,

		2021	2020
Generating	funds	30'.	30'/o
Charitable	activities	70%	70'/o

Voluntary i	ncome
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds	funds	funds	funds	funds
		2021	2021	2021 f	2020	2020f	2020
Donations from provinces,
branches	Lchurches	109,988	35,695	145,683	87,331	59,411	146,742
Grants		44,053	33,847	77,900	62,935	92,115	155,050
Donations	from individuals	143,573	21,291	164,864	161,928	36,246	198,174
Voluntary income		297,614	90,833	388,447	312,194	187,772	499,966
Expenditure	analysis
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds	funds	funds	funds	funds
		2021f	2021f	2021 f	2020 E	2020	2020 E
Raising funds		57,909	9,293	67,202	63,131	11,054	74,185
Charitable	activities	216,384	79,325	295,709	347,836	173,382	521,218
		274,293	88,618	362,911	410,967	184,436	595,403

					Staff	Depre-	Other
				costs		ciation	costs	Total	Total
					2021	2021	2021	2021	2020
					f	f	f	f	f
	Raising funds			33,852		8	33,342	67,202	74,185
	Charitable Activities			188,170		955	106,584	295,709	521,218
				222,022		963	139,926	362,911	595,403
5.	Costs of generating		voluntary	income
	(a) Analysis ofResources Expended						Support
						Direct costs	costs	Total	Total
						2021f	2021f	2021 f	2020 f
	Fundraising	costs				25761	41 441	67202	74,185
	(b) Direct costs	of generating		voluntary	income	Unrestricted	Restricted	Total funds	Total
						funds	funds		funds
						2021f	2021f	2021f	2020f
	Office costs					258		258	23
	Publicity costs					148		148	1,019
	Consultancy	costs				22,142		22,142	17,074
	Bank Lother	charges				3,164	49	3,213	4,136
	Total					25,712	49	25,761	22,252

(a)	Analysis ofResources Expended	Analysis ofResources Expended	Analysis ofResources Expended		Support
				Direct costs	costs	Total	Total
				2021	2021	2021	2020
						f	E
	Charitable activities	including	conferences	199,014	96,695	295,709	521,218
				199,014	96,695	295,709	521,218
(b)	Direct Charitable costs			Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
	Staff costs			76,876	32,302	109,178	200,198
	Recruitment, training				11,250	11,250	18,765
	Travel &Subsistence			4,932	1,899	6,831	49,462
	Overnight Accommodation			2,546		2,546	9,018
	Venue costs			1,371	5,258	6,629	35,107
	Publicity costs			7,528	241	7,769	18,637
	Office costs			6,119	3,305	9,424	23,133
	ITcosts			935	70	1,005	2,391
	Legal &professional	costs					(2,174)
	Consultancy costs			39,200	3,255	42,455	40,297
	Bank &other charges			989		989	3,303
	Depreciation			762	176	938	1,903
				141,258	57,756	199,014	400,040

Supportcosts
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
Staff costs				82,031	30,813	112,844	125,640
Travel &Subsistence							3,599
Publicity costs Office costs				261 10,156		261 10,156	189 20,310
ITcosts				2,598		2,598	3,010
Legal &professional	costs			636		636	990
Bank &other charges				170		170	311
Depreciation				25		25	152
Exchange losses/(gains)				4,965		4,965	7,499
Governance items
Trustees Meeting expenses							41
Trustees Travel							155
Guarantors Meeting	—Travel &subsistence						4,530
Guarantors Meeting arcnmmnrlatinn	—Overnight			1,428		1,428	1,127
Guarantors Meeting	—Office costs						265
Audit fee				5,040		5,040	5,280
Other Legal &Professional			fees	13		13	13
				107,323	30,813	138,136	173,111
Allocation:
Cost of Generating	funds			32,197	9,244	41,441	51,933
Charitable Activities				75,126	21,569	96,695	121,178
				107,323	30,813	138,136	173,111
Net income/(expenditure)
This is stated after	charging:
						2021f	2020 E
Depreciation oftangible		fixed assets:
-owned by the charity						963	2,055
Auditors' remuneration		—audit fees				5,040	5,280
Auditors' remuneration		—non-audit fees				636	990

Staff costs
Staff costs	were asfollows:			2021f	2020
Wages and	salaries			192,743	286,066
Social security costs				7,152	15,749
Pensions				22,127	24,023
				222,022	325,838
The average	monthly	number ofemployees	during the year was as follows:
				2021	2020
				No.	No.
				6	8

			Fixtures,
			Fittings &	Computer
			Equipment	Equipment	Total
Cost			f	E
At beginning	ofyear		882	7,898	8,780
Additions				385	385
Disposals				(385	385)
At end ofyear			882	7,898	8,780
Depreciation
At beginning	ofyear		377	6,472	6,849
Depreciation			177	786	963
Disposals
At end ofyear			554	7,258	7,812
Net book value at year end			328	640	968
Net book value at beginning		ofyear	505	1,426	1,931

		2021f	2020
Creditors		13,424	44,694
Accruals and deferred	income	14,169	13,444
Other Taxation and Social Security costs		2,050	6,804
		29,643	64,942

Statement offunds
					Brought	Incoming	Resources	Carried
					Forward f	Resources f	Expended	Forwardf
Restricted funds
Bishops Training Institute		Fund			(2,147)	1,383		(764)
Bishop Lines Fund						52,938	(52,938)
Video Production Fund					6,998			6,998
General Networks Fund
Suffering Church Network		Fund			1,945	1,706		3,651
Sustainable Development		Network		Fund		220	(220)
Theological Education	Network		Fund			3,035	(3,035)
Lawyers Task Force						143		143
Prayer Network						87		87
Women in Ministry Network						389		389
General Secretary Travel		Fund			1,612		(1,612
Conference Organiser	Fund					30,813	(30,813)
Kigali Bursary Fund					1,439	119		1,558
Other Funds					4			4
					9,851	90,833	(88,618)	12,066
Unrestricted funds
General					252,271	298,228	(274.293)	276,206
Total offunds					262,122	389,061	(362,911)	288,272

Summary offunds
					Brought	Incoming	Resources	Carried
Year ended 30September		2021:			Forward E	Resources E	Expendedf	Forward E
General funds					252,271	298,228	(274,293)	276,206
Restricted funds					9861	90833	(88,618)	12066
					262 122	389061	362911	288272
Comparative Figures:
Year ended 30September		2020:
Restricted Funds
Bishops Training Institute		Fund			(4,561)	63,858	(61,444)	(2,147)
Bishop Lines Fund						86,257	(86,257)
Video Production Fund					7,000		(2)	6,998
General Networks Fund						437	(437)
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			3,995		(2,383)	1,612
Conference Organiser	Fund					29,038	(29,038)
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	(4'I0,967)	252,271
Total offunds					359,814	497,711	(595,403)	262,122

Analysis	of net assets be	tween funds
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
			f	f
Tangible	fixed assets		640	328	968	1,931
Current assets			305,209	11,738	316,947	325,133
Creditors	due within one year		(29,643)		(29,643)	(64,942)
			276,206	12,066	288,272	262,122
Reconciliation ofnet income/(expenditure)			to net cash flow from operating		activities
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	Funds
			2021f	2021 f	2021 f	2020f
Net income/(expenditure)		for the year	23,935	2,215	26,150	(97,692)
(as per the Statement of Financial Activities)
Depreciation			787	176	963	2,055
Changes	in Debtors		18,511		18,511	(14,492)
Changes	in Creditors		(35,299)		(35,299)	16,541
			7,934	2,391	10,325	(93,588)
Analysis	ofCash and Cash Equivalents
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	Funds
			2021	2021f	2021 E	2020 E
Cash at bank and in hand			248,949	11,737	260,686	250,361