2023-09-30-accounts - Global Fellowship Of Confessing Anglicans

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				Page
Reference and Administrative		Details ofthe Charity,	its Trustees and 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 ofConfessing	Global Fellowship ofConfessing	Anglicans
				(Operating name: "Gafcon")
Trustees				Mr David Monro, Chair
				Mrs Sarah Finch
				Mr Olayinka Fisher
				Revd Chris Green
				Mr Emmanuel Kampouris
				Most Revd Benjamin	Kwashi (resigned 30 November 2023)
				Preb Charles Marnham
				Most Revd Laurent Mbanda
				Dr Laurence Scandrett
				Rt.Revd Paul Donison	(appointed	30 November 2023)
Company registration			no.	07759253
Charity registration		no.		1144227
Registered	office			Christ Church Central
				The DQ Centre
				Fitzwilliam Street
				Sheffield
				S14JR
Companysecretary				Canon Daniel Willis
Independent	auditors			Griffin Stone Moscrop	8 Co
				Chartered Accountants
				21-27Lamb's Conduit	Street
				London
				WC1N 3GS
Solicitors				Charles Russell Speechlys LLP
				SFleet Place
				London
				EC4M 7RD
Bankers				HSBC
				12A North Street
				Guildford
				Surrey
				GU1 4AF

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Note	2023	2023 E	2023f	2022 E
Income from:
Donations and legacies		2	128,874	420,455	549,329	270,769
Charitable activities	—conference fees
			1,651,294		1,651,294
Otherincorne			524	73	597	21
Total income and endowments			1,780,692	420,528	2,201,220	270,790
Expended on:
Raising funds		5	45,213	526	45,739	52,645
Charitable activities		6	1,140,547	303,236	1,443,783	178,202
Total expenditure		4	1,185,760	303,762	1.489,522	230,847
Movement in total funds for the year-
Net income for the year			594,932	116,766	711698	39943
Total funds at 1 October 2022			312,675	15,540	328,215	288,272
Total funds at 30September 2023			907,607	132,306	1,039,913	328,215

						2023		2022
				Note		E		E
Fixed assets
Tangible assets				10				221
Current assets
Debtors				11	3,631		942,722
Cash at bank					1,070,851		220,304
					1,074,482		1,163,026
Creditors: amounts year		falling	due within one		(34,569)		(835,032)
Net current assets						1,039,913		327,994
Net assets						1,039,913		328,21 5
Charitable funds
Restricted funds				13		132,306		15,540
Unrestricted funds:
Designated	GAFCON		V2028 reserve	13		446,602
General Funds				13		461,005		312,675
Total funds						1,039,913		328,215

					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2023	2023	2023	2022
				Note	E	E	E	E
Cash Flows from	Operating	Activities:
Net cash provided	by/(used	in) operating		15	733,452	117,095	850,547	(40,382)
Change in cash and cash equivalents			in
the year					733,452	117,095	850,547	(40,382)
Cash and cash equivalents 2022		at 1 October			205,093	15,211	220,304	260,686
Cash and cash equivalents September 2023		at30		16	938,545	132,306	1,070,851	220,304

Voluntary		inc	ome
				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds	funds	funds	funds	funds
				2023f	2023 E	2023 E	2022 E	2022 E	2022f
Donations-		provinces,
branches		8	churches	29,238	185,593	214,831	74,224	2,150	76,374
Grants				(852)	112,503	111,651	30,642	17,423	48,065
Donations		from individuals		100,488	122,359	222,847	129,921	16,409	146,330
Voluntary	income			128,874	420,455	549,329	234,787	35,982	270,769
Expenditure			analysis
				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds	funds	funds	funds	funds
				2023	2023	2023	2022	2022	2022
				E	E	E	8	E	E
Raising funds				45,213	526	45,739	49,802	2,843	52,645
Charitable		activities		1,140,547	303,236	1,443,783	148,537	29,665	178,202
				1,185,760	303,762	1,489,522	198,339	32,508	230,847

			Staff	Depre-	Other
			costs	ciation	costs		Total	Total
			2023	2023	2023		2023	2022
			f	f	f		f	f
Raising funds			31,545	46	14,148		45,739	52,645
Charitable Activities			122,659	175	1,320,949	1,443,783		178,202
			154,204	221	1,335,097	1.489,522		230,847
Costs of generating		voluntary	income
(a) Analysis of	Resources Expended				Direct Support
					costs	costs	Total	Total
					2023f	2023 f	2023 f	2022f
Fundraising	costs				12135	33604	45739	52,645
(b) Direct costs	ofgenerating		voluntary	Unrestricted Restricted			Total	Total
income					funds	funds	funds	funds
					2023f	2023f	2023 f	2022 f
Office costs								2
ITcosts								285
Consultancy	costs				9,194		9,194	21,540
Bank &other	charges				2,415	526	2,941	2,673
Total					11,609	526	12,135	24,500

(a)	Analysis ofResources Expended	Analysis ofResources Expended	Analysis ofResources Expended		Support
				Direct costs	costs	Total	Total
				2023	2023	2023	2022
				E	E	E	E
	Charitable activities	including	conferences	1,365,373	78,410	1,443,783	178,202
				1,365,373	78,410	1,443,783	178,202
(b)	Direct Charitable costs			Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2023	2023	2023	2022
						E
	Staff costs			38,703	10,351	49,054	42,068
	Recruitment, training			327	79	406
	Conference costs
	Venue			420,451	105,850	526.301
	Accommodation			330,570	96,133	426,703
	Travel			14,628	55,975	70,603
	Transport			37,561	9,071	46,632
	Publicity			57,982	8,310	66,292
	Administration			21,546	766	22,312
	Exchange losses			90,786		90,786
	Travel &Subsistence			8,213		8,213	1,694
	Overnight Accommodation			13,882		13,882
	Venue costs			(3,923)		(3,923)
	Grants			39	10,482	10,521	14,701
	Publicity costs			6,904		6,904	6,247
	Office costs			4,086	953	5,039	4,748
	ITcosts			1,408	342	1,750	900
	Consultancy costs			18,812	4,924	23,736	41,175
	Bank 8other charges			93		93	427
	Depreciation			69		69	571
				1,062,137	303,236	1,365,373	112,531

Support costs
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
Staff costs			105,150		105,150	100,777
Travel 8 Subsistence			4,471		4,471	2,077
Office costs			13,116		13,116	12,287
ITcosts			1,883		1,883	1,995
Legal &professional costs			46		46	478
Bank 8other charges			402		402	218
Depreciation			152		152	176
Exchange losses/(gains)			(19,384)		(19,384)	(29,685)
Governance items
Trustees Meeting expenses			72		72	48
Office costs						5
Audit fee			6,080		6,080	5,440
Other Legal 8 Professional		fees	26		26
			112,014		112,014	93,816
Allocation:
Cost of Generating funds Charitable Activities			33,604 78,410		33,604 78,410	28,145 65,671
			112,014		112,014	93,816
Net income/(expenditure)
This is stated after charging:
					2023f	2022 E
Depreciation oftangible	fixed assets:
—owned by the charity					221	747
Auditors' remuneration	—audit fees				6,080	5,440
Auditors' remuneration	—non-audit fees					478

Staff costs
Staff costs	were asfollows:			2023	2022
				E	E
Wages and	salaries			134,090	124,434
Social security costs					689
Pensions				20,114	17,722
				154,204	142,845
The average	monthly	number ofemployees	during the year was as follows:
				2023	2022
				No.	No.
				4	4

			Fixtures,
			Fittings 8	Computer
			Equipment	Equipment	Total
Cost			E	E	f
At beginning	ofyear		882	7,898	8,780
Additions
Disposals			(882)	(1,250)	(2,132)
At end ofyear				6,648	6,648
Depreciation
At beginning	ofyear		730	7,829	8,559
Depreciation			152	69	221
Disposals			(882)	1,250)	(2,132)
At end ofyear				6,648	6,648
Net book value at year end
Net book value at beginning		ofyear	152	69	221

Debtors
				2023f	2022
Other debtors				654	611
Prepayments		and accrued income		2,977	942,111
				3,631	942,722
Creditors:	Amounts		falling due within one year
				2023f	2022
Creditors				26,729	735,624
Accruals and		deferred income		5,766	97,317
Other Taxation and			Social Security costs	2,074	2,091
				34,569	835,032

Statement offunds
				Brought	Incoming	Resources		Transfers	Carried
				Forwardf	Resources f		Expended f	of Funds	Forwardf
Restricted funds
Gafcon future endowment		fund			57,927		(265)		57,662
Bishops Training Institute	Fund			640	1,674				2,314
Bishop Lines Fund					10„507		(10,494)		13
Video Production Fund				6,998					6,998
Suffering Church Network		Fund		3,914	364		(3)		4,275
Sustainable Development	Network		Fund	16	240		(4)		252
Lawyers Task Force				143	10				153
Women in Ministry Network				489	421				910
Global Mission Partnerships		Network			123		(3)		120
General Network Fund					152		(103)		49
Geberal Secretary Travel	Fund				8,095		(2,294)		5,801
Conference Organiser Fund					3,367		(3,367)
Kigali Bursary Fund				356					356
GAFCON IV Bursary Fund				2,980	337,648		(287,229)		53,399
Other Funds				4					4
				15,540	420,528		(303,762)		132,306

	Summary offunds
						Brought	Incoming	Resources	Transfers	Carried
	Year ended 30September			2023:		Forwardf	Resourcesf	Expended	offundsf	Forwardf
	Unrestricted funds					312,675	1,780,692	(1,185,760)		907,607
	Restricted funds					15,540	420,528	(303,762)		132,306
						328,21 5	2,201,220	1,489,522		1,039,913
	Comparative Figures:
	Year ended 30September		2022:
	Restricted Funds
	Bishops Training Institute		Fund			(764)	1,404			640
	Bishop Lines Fund						14,330	(14,330)
	Video Production Fund					6,998				6,998
	Suffering Church Network			Fund		3,651	263			3,914
	Sustainable Development		Network		Fund		240	(224)		16
	Lawyers Task Force					143				143
	Prayer Network					87		(87)
	Women in Ministry Network					389	100			489
	Global Mission Partnerships			Network			400	(400)
	Conference Organiser	Fund					17,423	(17,423)
	Kigali Bursary Fund					1,558			(1,202)	356
	GAFCON IV Bursary Fund						1,822	(44)	1,202	2,980
	Other Funds									4
						12,066	35,982	(32,508)		15,540
	Unrestricted funds
	General					276,206	234,808	(198,339)		312,675
	Total offunds					288,272	270,790	(230,847)		328,215
14.	Analysis ofnet assets	between funds				Unrestricted		Restricted	Total	Total
							funds	funds	Funds	funds
							2023f	2023f	2023f	2022f
	Tangible fixed assets									221
	Current assets						942,176	132,306	1,074,482	1,163,026
	Creditors due within one		year				(34,569)		(34,569)	(835,032)
							907,607	132,306	1,039,913	328,215

						Unrestricted	Restricted	Total	Total
						funds	funds	Funds	Funds
						202 3	2023 E	2023 f	2022f
Cash	at	bank	and	in	hand	938,545	132,306	1,070,851	220,304