## 



## 

## 

## 

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





## 

|Registered|name|name|||Global Fellowship|of Confessing|of Confessing|of Confessing|of Confessing|Anglicans|
|---|---|---|---|---|---|---|---|---|---|---|
||||||(Operating<br>name: "Gafcon")||||||
|Trustees|||||Mr David Monro, Chair||||||
||||||Mrs Sarah Finch||||||
||||||Mr Olayinka<br>Fisher|(reappointed||||17March 2021)|
||||||Revd Chris Green||||||
||||||Mr Emmanuel<br>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<br>f|2021<br>f|2021f|2020<br>E|
|Income from:||||||||
|Donations<br>and legacies||||297,614|90,833|388,447|499,966|
|Charitable<br>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<br>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<br>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<br>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<br>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 <br>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<br>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<br>i|ncome|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds|funds|funds|funds|funds|
|||2021|2021|2021<br>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<br>f|2020<br>E|2020|2020<br>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<br>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<br>f|2020<br>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<br>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,<br>training||||11,250|11,250|18,765|
||Travel &Subsistence|||4,932|1,899|6,831|49,462|
||Overnight<br>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<br>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<br>Office costs||||261<br>10,156||261<br>10,156|189<br>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<br>items||||||||
|Trustees<br>Meeting expenses|||||||41|
|Trustees Travel|||||||155|
|Guarantors<br>Meeting|—Travel &subsistence||||||4,530|
|Guarantors<br>Meeting <br>arcnmmnrlatinn|—Overnight|||1,428||1,428|1,127|
|Guarantors<br>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<br>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<br>E|
|Depreciation<br>oftangible||fixed assets:||||||
|-owned<br>by the charity||||||963|2,055|
|Auditors'<br>remuneration||—audit fees||||5,040|5,280|
|Auditors'<br>remuneration||—non-audit fees||||636|990|





## 

## 

## 

|9.|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<br>&|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<br>f|Resources<br>f|Expended|Forwardf|
|Restricted funds|||||||||
|Bishops Training<br>Institute||Fund|||(2,147)|1,383||(764)|
|Bishop Lines Fund||||||52,938|(52,938)||
|Video Production<br>Fund|||||6,998|||6,998|
|General Networks<br>Fund|||||||||
|Suffering<br>Church<br>Network||Fund|||1,945|1,706||3,651|
|Sustainable<br>Development||Network||Fund||220|(220)||
|Theological<br>Education|Network||Fund|||3,035|(3,035)||
|Lawyers Task Force||||||143||143|
|Prayer Network||||||87||87|
|Women<br>in Ministry<br>Network||||||389||389|
|General Secretary Travel||Fund|||1,612||(1,612||
|Conference<br>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<br>funds|||||||||
|General|||||252,271|298,228|(274.293)|276,206|
|Total offunds|||||262,122|389,061|(362,911)|288,272|





## 

## 

## 

|Summary<br>offunds|||||||||
|---|---|---|---|---|---|---|---|---|
||||||Brought|Incoming|Resources|Carried|
|Year ended 30September||2021:|||Forward<br>E|Resources<br>E|Expendedf|Forward<br>E|
|General funds|||||252,271|298,228|(274,293)|276,206|
|Restricted funds|||||9861|90833|(88,618)|12066|
||||||262 122|389061|362911|288272|
|Comparative<br>Figures:|||||||||
|Year ended 30September||2020:|||||||
|Restricted Funds|||||||||
|Bishops Training<br>Institute||Fund|||(4,561)|63,858|(61,444)|(2,147)|
|Bishop Lines Fund||||||86,257|(86,257)||
|Video Production<br>Fund|||||7,000||(2)|6,998|
|General<br>Networks<br>Fund||||||437|(437)||
|Suffering<br>Church<br>Network||Fund||||1,961|(16)|1,945|
|Sustainable<br>Development||Network||Fund||1,500|(1,500)||
|Theological<br>Education|Network||Fund||77|3,182|(3,259)-||
|General Secretary Travel||Fund|||3,995||(2,383)|1,612|
|Conference<br>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<br>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<br>ofnet income/(expenditure)|||to net cash flow from operating||activities||
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|Funds|
||||2021f|2021<br>f|2021<br>f|2020f|
|Net income/(expenditure)||for the year|23,935|2,215|26,150|(97,692)|
|(as per the Statement<br>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<br>E|2020<br>E|
|Cash at bank and in hand|||248,949|11,737|260,686|250,361|



## 

## 

## 



# 

##