Registered number: 07759253
Charity number:1144227
GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
GLOBAL
NGLICANS

GLOBAL FELLOWSHIP OF CONFESSINGANGLICANS
(A company limited by guarantee)
CONTENTS
Page
Reference and Admlnlstrative Details of the Charity, its Trusteesand Advisers
Trustees. Report
Independent Auditors, Report
Statement of Flnancial Activities
10
Balance Sheet
11
Cash Flow Statement
12
Notes to the Finaneial Statements
13-24

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
{A company limited by guarantee)
REFERENCE ANDADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY. ITSTRUSTEESAND
ADVISERS
FOR THE YEAR ENDED 30 SEPTEMBER2024
Roglslered name
Global Fellowship of Confesslng Anglicans
(Operating name:"Gafcon')
Truslee8
Mr David Monro, Chalr
Mrs Sarah Flnch
Mr Olayinka Flsher
Revd Chrls Green
Mr Emmanuel Kampouris
Most Revd Benjamin Kwashi (resigned 30 November 2Q23}
Preb Charles Marnham
Most Revd Laurent Mbanda
Dr Laurence Scandrett
Rt.Revd Paul Donison (appointed 30 November 2023)
Rt Revd John Guernsey (appolnted I Seplember 2024)
Ms Carolyn Parlato (appoinled 1 September 2024)
Mr Joel Reinhardt (appointed 1 September 2Q24)
Companyregistration no. 07759253
Charlty registration no.
1144227
Reglstered office
Christ Church Central
The DQ Centre
Fitzwilliam Street
Sheffield
S14JR
Companysecretary
Canon Daniel Willis (to 30 September 2024)
Rev Jodie McNeill (from l October 2024)
Independent auditors
Griff in Stone Moscrop & Co
CharteredAccountants
21-27 Lamb's Conduit Street
London
WCIN 3GS
Solicilors
Charles Russell Speechlys LLP
5 Fleet Place
London
EC4M 7RD
Bankers
HSBC
12A North screet
Guildford
Surrey
GU14AF
Page 1

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
(A company Ilmlted by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees (who are also dlrectDrs of the charity for the purposes of the Companies Act) present their annual
report for the year ended 30 September 2024 underthe Companies Act 2006 and the Charities Act 2011, together
with the audited fin8nclal statements for that year. The f inancial statements comply with the requirements of the
Companies Act 2006, the Charltys memorandum and articles of association and the relevant Statements of
Recommended Practice (the Charltiés SORP) 'Accounting and Reporting by Charities" applicable to charities
preparing their financlal statements In accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) publlshed on 16 July 2014,
Since the company qualifies as small under section 383, the strategic report required of medium and large
companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not
required.
Structure, Governance and Management
a. Governlng Documenl and Constitution
The Charity is constltuted as a charitable company limited by guarantee, incorporated on 1 September 2011 and
registered as a charlty under charity number 1144227.
The charitable company's ooverning documents are in the revised Articles of Association adopted on 11 March
2024. These revlsed Artlcles have strengthened the Governance of the Company by separating the functions of
Directorship and Membershlp.
b. Organlsatlonal Structure and Decislon Making
The management of the charitable company Isthe responsibility of the Trustees who are elected andlor co-opted
underthe terms of the Articles ofAssoclatlon.
The Trustees met four tlmes during the year as a board. There is also an Annual General Meeting (AGM) involving
the Guarantors, usually held in March or Aprfl..
During the reporting year the day io day management was delegated to the General Secretary, asslsted by a
secretariat led bythe Operations Manager, who is also Company Secretary and Secretary to the Trustees and the
Guarantors (the members of the company).
c. Melhod of Appolntment of Trustees
Article 20 deals with the appointment and retirement of Trustees.
The Trustees may co￿p1 a person who is willing to act to be a Trustee elther to flll a vacancy or as an addltlonal
Trustee provided that the appointment does not cause the number of Trustees to exceed any number fixed by or
in accordance with the Articles as the maximum number of Trustees. A Trustee so appointed shall hold office
until the nextAGM.
Four new Trustees were appointed during the year. Detalls are given on page I
d. Meelings and Policies Adopted for the Induction and Training of Tru$tees
New Trustees are inducted ihrough a brlefing carried out by the Chair which aims to give a new Trustee an initial
understanding of the Governance of the Charity, and its present position spiritually, operationally and financially,
including an understanding of any significant risks.
The Chalr carrles out a periodlc evaluatlon of board effectiveness and discusses the findings with the Trustee
Board and the Guarantors with a viéw to ensuring the Board operates effectively and has the right overall balance
of skill and competence.
Page 2

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
(A company limltsd by ouarantee)
TRUSTEES REPORT (continued)
FOR THE YEAR ENDED 30 SEPTEMBER 21Y24
e. Rlsk Management
The Trustees have assessed the major risks to which the charitable company Is exposed. in particular those
related to the operations and finances of the charitable company, and are satisfied that systems and procedures
are In place to mitigate the Charity's exposure to the major risks.
Objactlve$ and Activi￿e8
a. Policies and Objectlves
The charity's objects are specifically restricted to the advancement of the orthodox Anglican Chrlstian faith for
the benefit of the publlc Sn accordance with the tenets of orthodoxy set out in the Jerusalem Declaration declared
on 29 June 2008 at the Global Anglican Future Conference and which is sèt out in the Schedule to the Articles.
In setting objectives and planning for activities for the year, the Trustees have consldered the Charity
Commission's general guid8nce on public beneflt and its specific guidance on the advancement of religion.
Achlevements and Perfomiance
a. Golng Concern
After making approprlate enqulrles.the Trustees have a reasonable expectation that the charitable company has
adequate resources to continue In operational existence f or the foreseeable future. For this reason they continue
to adopt the going concern basls In preparing the financial statements. Further details regardlng the adoptlon of
the going concern basis can be found in the Accounting Pollcles,
b. Review of Actlvlties
To fulfil the charitable oblectlves, against the backdrop of the Church of England General Synod's resolution to
welcome thelr bishops, proposals f or prayers of blessing for same-sex unions in contravention of the Bible, 8nd
the lack of orthodox leadership in the Anglican Communion structures, the Chartycanfj￿ QLrttheft4lowirYJ
activities in the period:
1. In November 2023 Archbishop Ben Kwashi stepped down as General Secretary, and was replaced by Very
Rev Paul Donison Iwho was consecrated bishop in February 2024).
2. Following the GAFCON IV conference in Kigali in Aprll 2023, discussions have cantinued with the Global
South Fellowshlp Df Angllcan churches (GSFA) on proposals for resetting the Anglican Communlon.
3. The Bishops Training Institute was revived in the year, with BTI-7 being held in Kigali in February 2024. There
were 26 participants {bishops and their wives) and 14 faculty members, representing 13 countries.
4. Gafcon has maintained onllne resources to build up and encourage faithful Anglicans worldwide whlch
include..
An online prayer diary gathering requests from the global communion
A new series of podcasts
A nevv improved website launched in September 2024
5. Gafcon continues to provlde support for faithful Angllcans and orthodox Anglican structures around the
world.. it has continued to support the Anglican Network in Europe and its two convocations, helping to add a
Ihird (Anglican Missionary Congregations Europe),. it has also been supporting the Alliance, consisting of
varlous groupings of orthodox Anglicans within the Church of England, who are seeking to establish a thlrd
province in response to the proposals for Prayers of Love & Faith. it has continued its support forthe Church of
Confessing Anglicans in Aotearora New Zealand, the Diocese of the Southern Cross in Australia and the
Reformed Evangelical Anglican Church of Southern Africa.
6. During the year we established our Endowment Fund, with the aim of reaching US$1 Omillion, As a resuh of
generous donors, at 30 September 2024 the Fund stood at £2,075,509.
Page 3

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
(A company limited by guarantee)
TRUSTEES, REPORT (contlnued)
FOR THE YEAR ENDED 30 SEPTEMBER 2tr24
7. During the year, the individual and organizational support base decreased by 36°A from 442 to 286 donors.
However, glft income increased by 317%, chiefly as a number of donors were giving large pledges to the
Endowment Fund. The number of subscribers to Gafcon increased by 2°A durlng the year.
8. Slnce 30 Septernber 2024..
Our Operations Manager Rev Canon Daniel Willis stepped down and was replaced by Rev Jodie
McNeill.
In October 2024 we held a further Blshops Training Institute, BTI.8.
At the date of approval of this report, we are holding OLsr G25 conference in Plano, Texas, to
prayerfully consider how Gafcon will continue to lead the renewal of the Anglican Communlon.
c. Factors Relevant to Achieve Objectlves
1. Our success continues to be the movemenys unity in Christ, i.e. all working for the same Lord, having been
saved bythe same Gospel. all trustlng in the same Scriptures and all motivated bythe same cause.. to exalt Christ
in word and deed.
2. The abilily to give sustained attention to our purpose uslng our own paid internal resources, the volunteer
resources available in the whole fellowshlp and by engaging with other Christian partners who shar& our values.
Flnanclal Revlew
a. Principal Risks and Uncertaintles
Principal risks and uncertalntles arise from the vulnerability of the current financial tnodel to an external shock and
the low 8wareness among Angllcans globally of the Gafton movement and its mission. These have all been
magnified by current global economic issues, As a global organisation, worsening èconomic conditions affect the
volunt8ry income.
With the movement of Anglican provlnces away from orthodox Christian belief, particularly within Ihe Church of
England, there is an increase in those seeking support from Gafcon.
b. Reserves Policy
The Trustees aim to maintain reserves at a level which will cover (a) the amount required to be able to pay the
up-front costs of the five-yearly conference, estimated at approx. £500,000,. and (b) the level required to meet our
obligations to staff, volunteers and stakeholders in the event of an unplanned closure, estimated at approx,
£50,ODQ. In order to meet the requirements of (a), £446.602 is held in a designated fund, the GAFCON V 2028
Designated ReseNe,' this along with the restricted GAFCON IV Bursary Fund, will provide the £500,000 required
to cover up-front costs of fulure conferences. As at 30 September 2024 the Charity had free reserves
unrestricted reserves less fixed assets - of £652,518 (2023.. £907,607). The Trustees note that the reserves are
above the required level and will continue to monitor the position.
The Charlty's costs have been funded in the current year by generous donatlons from Provinces, dioceses,
churches and Individuals and by specific grants made by other Christian charltles. In addition, our GAFCON IV
Conference made a large surplus whlch increased our reserves levels in the year.
Plans for the Future
Gafcon's fLrture direction is the subject of the G25 mini-conference being held in Plano, in particular seeking to
stand flrm forthe orthodox Anglican faith in the face of developments within the Church of England, to engage
with the Global SoLJth F@Ilowship of Anglican Churches about a resetting of the worldwide Anglican Communion,
and to supportfaithful Anglicans worldwide.
Trustees, Responsibllltles Statement
The Tru8tees (who are also directors of Global Fellowship of Confessing Angllcans for the purposes of company
law
are res
onsible for
re
arin
the Trustees, re
ort and the financial statements in accordance with a
licable
Page 4

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
{A company limited by guarantee)
TRUSTEES, REPORT (contlnued)
FOR THE YEAR ENDED 30 SEPTEMBER W24
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare flnanclal statements for each f inancial year which give a true and
fair view of the state of aff airs of the charitable company and of the incoming resources and application of
resources, including the Income and expendlture, of the charltable company for that period. In preparing these
financial statements, the Trustees are required to:
select suitable accountlng pollcies and then apply them consistently.,
observethe methods and princlples In the Charities SORP (FRS 102).,
makejudgments and estlmales that are reasonable 8nd prudent:
stale whether applicable UK Accounting Standards have been followed, subject to any materlal
departures disclosed and explained In the flnancial statements,.
prepare the financial statements on the golng concern basis unless It Is inappropriate to presume that
the ¢harltable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy
at any time the financial position of the charitable company and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charltable company and hence for taking reasonable steps for the preventlon and detectlon of fraud and other
Irregularltles.
Dlsclosure of Information to Auditors
Each of ihe persons who are Trustees at the time when thls Trustees, report is approved has confirmed that-
so far as that Trustee Is aware, there is no relevant audit information of which the charitable company's
auditors are unaware,and
that Trustee has taken all the steps that ought to have been taken as a Trustee in orderlo be aware of any
Information needed by the charitable company's audltors In connection with preparing their report and to
establish that the charltable company's auditors are aware of that information.
In preparing thls report. the Trustees have taken advantage of the small companles, exemptions provlded by
section 415A of the Companies Act2006.
This report was approved b the Trustees on 12 March 2J25 and signed on thelr behalf by.,
Mr
vid Monro, Chair
Page 5

GLOBAL FELLOWSHIP OF CONFESSINGANGLICANS
(Acompany limited byguarantee)
INDEPENDENT AUDITORg REPORTTO THE MEMBERS OF GLOBAL FELLOWSHIP OF CONFESSING
ANGLICANS
Opinion
We have audited the financial statements of Global Fellowship of Confessing Anglicans (the 'charitable company,)
for the year ended 30 September 2024 which comprise the Statement of Financial Activities, Balance Sheet and
Cash Flow Statement and notes to the financial statements, including a summary of signlf Icant accounting policies.
The f inancial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, Including Financial Reporting Standard 102 The Financial Reporting Standard applicable in
the UK and Republic of Ireland (United Kinodom Generally Accepted Accounting Practlce).
In our oplnion the f inanclal statements..
give a true and falr view of the state of the charitable company's affairs as at 30 September 2024, and of
Its incoming resources and application of resources, Including its Income and expenditure, for the yearthen
ended,.
have been properly prepared In accordance wlth Unlted Klngdom Generally Accepted Accounting Practice,.
and
have been prepared in accordance with the requirements of the Companies Aet 2006.
Basis for opinion
We conducted our audit In accordance with Internatlonal Standards on Auditino (UK) {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditor's responslbilities for the audlt
of the financial statements section of our report. We are Independent ofthe charitable company In accordance with
the ethical requirements thal are relevant to our audit of the financial statements In the UK, Including the FRC'S
Ethlcal Standard, and we have fulfllled our other ethlcal responsibilities In accordance with these requlrements. We
belleve Ihat the audlt evldence we have obtalned is sufflcient and approprlale to provlde a basls for our opinion,
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting In the preparation of the financial statements Is appropriate.
Based on the work we have performed, we have not identlfled any material uncertainlies relating to events or
condltions that, individually or collectively, may cast signiflcant doubt on the charitable company's ability to
continue as a going concern for a perlod of at least twelve months from when the financial slatements are
authorised for issue.
Our responslbillties and the responslbilities of the truslees wlth respect to going concern are described in the
relevanl sectlons of thls report.
Other Information
The other information comprlses the Informatlon Included in the trustees annual report, other than the financlal
statements and our auditor's report thereon. Thetrustees are responsible forthe other information contalned wilhin
the annual report, Our oplnlon on the financial statements does not cover the other informallon and, except to the
extent otherwise explicitly stated In our report, we do not express any form of assurance conclusion thereon. Our
responslbility is to read the other informatlon and, In doing $0, consider whether the other information is materially
inconslstent with the financial statements or our knowledge obtained in the course of the audit or otherwise
appears to be materially misstated. If we identify such material inconsistencles or apparent materlal
rnisstatements, we are required to determine whether this gives rise to a material mlsstatement in the flnancjal
statementsthemselves. If, based on Ihe work we have performed, we conclude that there is a materlal
misstatement of this other information, we are required to report that fact.
We have nothlng to report in this regard,
Page 6

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
(Acompany limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF GLOBAL FELLOWSHIP OF CONFESSING
ANGLICANS
Oplnions on other matters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audlt..
the information given in the trustees, report for the financial year f or which the financial statements are
prepared is consistent with the financlal statements,. and
the trustees. report (including the directors, repoitl has been prepared in accordance with applicable lega
requlrements.
Matters on whlch we are required to report by exceplion
In the Ilghl of our knowledge and understanding of the charitable company and Its environment obtained in the
course of the audil, we have not Identlfled material misstatements in the strateglc report and the dliectors, report,
We have nothing to report in respect of th@ following matters in relatlon to which the Companles Act 2006 require
us to report to you if. in our opinion..
the information given in the financial statements is inconsistent In any material respect wlth the trustees, report,.
or
the charitable company has not kept adequate accounting records,. or
the f inancial statemenls are not in agreement with the accountlng records and returns,. or
we have not recelved all the information and explanations we require for our audit., or
the trustees were not entitled to prepare the f inancial statements In accordance with the small companies,
regime and take advantage of the small companies. exemptlons In preparing the directors, report and from the
requirement to prepare a strategic report.
Responsibililies of trU￿ee$
As explained more fully in the trustees, responsibilities statement the trustees (who are also the directors of the
haritable company for the purposes of company law) are responsible for the preparation of Ihe financial
statefflents and for being satisf led that they give a true and fair vlew, and for such internal control as the trustees
determine is necessary to enable the preparation of financial statements that are free from material misstatèment,
whether due to fraud or error.
In preparlng the financial statements, the trustees are responslble for assessing the charitable company's abllity lo
continue as a going concern, discloslng, as appllcable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to Ilquldate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditors. responslbllltles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error. and to Issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audll conducted in accordance
with ISAS (UK) will always detect a material misstatement when it exists. M isstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, inc,luding fraud, are inslances of non-compliance with laws and regulations. We deslgn procedures in
line with our responsibilities, outlined above, to detect material mlsstatements In respect of irregularities, including
f raud. The specific procedures designed and implemented to detect irregularlties, including fraud, are detailed
below:
General enquiri@s with management and those charged with governance,.
Making specific enquiries of management to identify the processes and procedures designed and
implemented to evaluate the appropriateness of recelving significant donations,.
Page 7

GLOBAL FELLOWSHIP OF CONFESSINGANGLICANS
(A company limlted by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF GLOBAL FELLOWSHIP OF CONFESSING
ANGLICANS
Carrying out substantive checking to supporting documents on a sample basis of indlvidual Iransaclions within
income and @xpenditure to give comfort Ihat on a sample basis the SOFA does not contain any irregular items,.
Carrying out walk-through testing to verify that the charity's accounting systems and controls are being
implemented as designed,.
Verlfying the existence on a sample basis of Individual employees on the payroll,,
Verifying that material balances within the balance sheet are supported by thlrd party evidence to confirm tlie
existence and valuation of these balances at the balance sheet date; and
Reviewing mlnutes of Irustees, meetings.
Because of the Inherent limltations of an audlt, there is a risk that we wlll not detect all Irregularities, including those
leadlng to a materlal mlsstatement In the flnancial statements or non-compliance wlth regulation. Thls rlsk
Increases the more that compliance wlth a law or regulation is removed from the events and transactions reflected
In the financlal statemenls, as we wlll be less likely to become aware of Instances of non-compliance, The rlsk Is
also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional
concealment, forgery, collusion. omission or misrepresentatlon.
As part of an audit in accordance with ISAS (UK), we exerclse professional judgment and maintain professional
scepticism throughout the audit. We also:
Idenllfy and assess the rlsks of materlal misstatement of the financlal statements, whether due to fraud or
error, design and perform audlt procedures responsive to those rlsks, and obtaln audlt evidence that is sufficient
and approprlate to provide a basis for our opinion. The risk of not detectlng a material mlsstatement resulting
from fraud is hlgher than for one resultlng from error, as fraud may Involve collusion, forgery, intentional
omisslons, misrepresentations, 01 the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
charitable compan￿8 internal control.
Evaluate Ihe appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the trustees.
Conclude on the approprlateness of the trustees, use of the going concern basis of accounting and, based on
the audlt evldence obtained. whether a material uncertainty exists related to events or conditions that may cast
significant doubt on the charltable companrfs ability to Continue as a going concern. If we conclude thal a
material uncertalnty exlsts, we are required to draw attention in our audltor's report to the related dlsclosures
in the flnancial statements or, If such disclosures are inadequate, to modify our oplnion. Our concluslons are
based on the audlt evidence obtained up to the date of our auditor's report. However, future events or
conditions may cause the charitable company to cease to continue as a going concern.
Evaluate the over811 presentation, structure and content of the financial statements, including the disclosures,
and whether the financial statements represent the underlying trans8Ctions and events In a manner that
achieves fair presentation.
We communicate with those charged with govemance regarding, among other matters, the planned scope and
timing of the audit and significant audit findings, including any signif icant deficiencies in internal control that we
identify during our audit.
Page 8

GLOBAL FELLOWSHIP OF CONFESSINGANGLICANS
(Acompany limited byguarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF GLOBAL FELLOWSHIP OF CONFESSING
ANGLICANS
Use of our report
This report is made solely to the charltable company's members, as a body, in a¢¢ordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we mlght state to the charitable
company's members and trustees those matters we are required to state to them in an audltor's report and for no
other purpose. To the fullest extent permitted by law, we do not accepl or assume responslbility to anyone other
than the charitable company. the charitable company's members as a body and the oharltable company's trustees
as a body, for our audit worl for this report, or for the oplnions we have formed.
Richard Hill FCA (Senior statutory auditor)
for and on behalf of
Griffin Stone Moscrop & Co
Chartered Accountants
Statutory Auditors
21-27 Lamb's Condult Street
London
WC1 N 3GS
Dat
l? 102
Page 9

GLOBAL FELLOWSHIP OF CONFESSINGANGLICANS
IA company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporatlng an Income and expendlture account)
FOR THE YEAR ENDED 30 SEPTEMBER2024
Pemianént
R2strieted Endowment
funds
funds
2024
2024
UnrestrScted
funds
2024
Total
fund$
2024
Tolal
funds
2023
Note
Income from:
Donatlons and legacles
123,080
16,754
2,151,433 2,291,267
549,329
Charitable activities - conference
fees
1,651,294
Other income
209
1,256
1,465
597
Total Income and endowments
123,289
16,754
2,152,689 2,292,732 2,201.220
Expended on:
Raislng funds
48,117
39
1,069
49,225
45.739
Charltable actlvltles
330,261
24,707
354,968 1,443,783
Exchange loss on uninvested
endowment funds
133,773
133,773
Total expendlture
378,378
24,746
134,842
537,966 1.489,522
Movement in total funds for the
year- Nel income for theyear
(255,089)
(7,992) 2,017,847 1,754,766
711,698
Transfers
(57,662)
57,662
Total funds al 1 October2023
907,607
132,306
1,039,913
328,215
Total funds at 30 September 2024
652,518
66,652 2,075,509 2,794,679 1,039,913
The notes on pages 13 to 24 form part of these flnanclalstatements.
Page 10

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
(A company limited by guardnte&)
BALANCE SHEET
ASAT30 SEPTEMBER 2024
2024
2Q23
Note
Flxed assets
Tangible assets
Current assets
Debtors
Cash at bank
10
41,419
2,783,532
3,631
1,070,851
2,824,951
1,074,482
Creditors: amounts falling due withln one
year
130,2721
134,5691
Net current assets
2,794,679
1,039,913
Net assets
2,794,679
1,039.913
Charltable funds
Permanent Endowment funds
Restricled f unds
Unrestricled funds:
Designated GAFCON V 2028 reserve
General Funds
14
13
2,075,509
66,652
132.306
446,602
205,916
446,602
461,005
Total funds
2.794,679
1,039,913
The companYs financial statements have been prepared in accordance with the provlsions applicable to
companies subject to the sm811 companies, regime.
Thé financlal statem
er
approved bythe Trustees on 12 March 2025 and signed on their behalf by..
Da
d Monro, Chair
The notes on pages 13 to 24 form part of these financialstatements.
Page11

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
{A company limit8d by guarantee)
CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER2024
Permanenl
Endowmenl
funds
2024
Unrestrlcted
fundg
2024
R&strlcted
Funds
2024
Total
funds
2024
Total
funds
2023
Note
Cash Flows from Operatlng Actlvltles:
Net cash provided byl(used in)
operatlng activitles
(297,174) (65,654)
2,075,509 1,712,681
850,547
Change In cash and cash equlvalents
in the year
{297,174) (65,654)
2,075,509 1,712,681
850,547
Cash and cash equlvalents at l October
2023
938,545
132,306
1,070,851
220,304
Cash and cash equlvalents at 30
September 2024
17
641,371
66,652
2,075,509 2,783,532
1,070,851
The notes on pages 13 to 24 form part of these financialstatements.
Page12

GLOBAL FELLOWSHIP OFCONFESSINGANGLICANS
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting poll¢les
1.1 Basls of preparatlon of flnanclal statements
The financial statements have been prepared in accordance wilh Accounting and Reporting by
Charitie5.' Statemenl of Recommended Practice applicable to charlties preparing thelr accounts in
accordance wlth the Financial Reporting Standard applleable In the UK and Republic of Ireland (FRS
1021 (effective 1 January 2019) (Charities SORP (FRS 102)), the Flnancial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) and the Companles Act 2006.
The f inanclal statements are prepared in sterling, whlch Is the functional currency of the charitable
company, and are rounded to the nearest £1.
The preparation of f inanclal statements in compliance with the Charities SORP (FRS1021 requires the
use of certain critical accounting estimales. It also requires management to exercise judgement in
applying the charity's accounting pollcles.
Global Fellowship of Confessing Angllcans constitutes a public beneflt entlty as defined by the Charities
SORP.
1.2 Company stalus
The charitable company is a company limited byguarantee. There can be no less than three and no more
than six members. The membership of the company is available to all applicants whlch are approved by
the Primates Council of the Global Anglican Future Conference. There are 5 members at present. In the
event of the charitable company being wound up, the liability in respect of the guarantee is Ilmlted to £1
per member of the charitable company.
1.3 Fund accountlng
General funds are unrestricted funds which are available for use at the discrelion of the Trustees in
furtherance of the general objectlves of the charitable company and whlch have not been designated for
other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions Imposed by
donors orwhich have been raised bythe charitable companyfor partlcular purposes. The costs of raising
and administering such funds are charged against the speciflc fund. The aim and use of each restrlcted
fund is sel out in the notes to the financial statements.
Permanent endowmentfunds are funds wherethe capital is maintained. The charitable company's policy
on the use af the incorne is set out in note 14.
1.4 Income
All incomlng resources are included in the Statement of Flnancial Activities when the charitable
company has entitlemenl to the income, it is probable that the Income will be received and the amount
of income recelvable can be measured reliably.
Income Is recognised in the SOFA when it Is recelved unless there Is a clear basis for deferral, Income tax
recoverable under Gift aid on donations received is recognlsed as income in the same period as the
underlying income to which it relates,
Page13

GLOBAL FELLOWSHIP OF CONFESSINGANGLICANS
(A company limiled by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting policies (continued)
1.5 Expenditure
Expenditure is accounted for on an accruals basis and has been included under expense categories
that aggregate all costs for allocation to actlvities. Where costs cannot be directly attributed to
particular activities they have been allocated on a basis consistent with the use of the resources.
Support costs are those costs incurred directly in support of expenditure on the objects of the
charitable company and include overhead expenditure. These have been allocated as follows:
2024
2023
Generating f unds
Charitable activltles
20,
80°
30%
70%
Governance costs are included within support costs.
All resources expended are inclusive of irrecoverable VAT.
1.6 Golng Concern
There are no material uncertainties concerning the charitable companls ability to continue as a
going concem.
1.7 Tangible fixed assets and depreciation
All assets costing more than £500 are capitalised.
Tangible fixed assets are stated at oost less depreciation. Depreciatlon is provided at rales calculated
to write off the cost of fixed assets. less their estlmated residual value, over their expected useful
lives on the following bases:
Computer &electronicequipment
Fixtures & fittings
3 years straight linebasis
5 years straight line basis
1.8 Debtors
Debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid
net of any discounts due.
1.9 Cash al bank
Cash at bank includes cash and short term hlghly liquid investments with a short maturity of three
months or less from the date of acquisltlon or openlng of the deposit or similar account.
1.10 Liabiliti•s and provisions
Liabilities are recognised when there is 8n obligation at the balance sheet date as a result of a past
event, it Is probable that a transfer of economic benefit will be required in settlement, and the omount
of the settlement can be estimated reliably. Liabilities are recognised at the amount that the
charitable company anticipates it will pay to settle the debt.
Page 14

GLOBAL FELLOWSHIP OF CONFESSINGANGLICANS
(A company Ilmlled by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER2024
Accounting pollcies (continued)
.11 Foreign currencles
Monetary assets and liabilities denominated in forelgn currencies are translated Into sterling at rates of
exchange ruling at the balance sheet date. Transactions in foreign currencies are translated Into sterling
on the day the transaction took place.
Exchange gains and losses are recognised in the Statement of flnancial activities. Due to the effect of
currency fluctuations on large USD bank balances in our Endowment Fund, exchange galns and losses
pertaining to those balances are allocated to the Endowment Fund in the statement of f inancial activlties.
1.12 Financial instruments
The charity only has financial assets and financial liabilities of a kind thai qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measured
at amortised cost using thè effective interest method.
1.13 Penslons
The charity operates a defi ned contribution pension scheme and the pension charge represents the
amounts payable by the charity to the fund in respect of the year.
1.14 operating leases
Rentals under operating leases are charged to the statement of financial activities on a straight line
basis over the lease term.
Voluntary In￿Me
Unrestricted Restricted Endowment
funds
funds
funds
2024
2024
2024
Tolal Unrestricted Restricted
funds
f unds
f unds
2024
2023
2023
Total
funds
2023
DonatlDns- provinces,
branches & churches
Grants
Donations from
indivlduals
51,897
1,600
6,458
59,955
29,238
(852)
15,154 2,144,975 2,231,312 1 OOA88
185,593 214,831
112,503 111,651
71,183
122,359 222,847
Voluntary income
123,080
16,754 2,151,433 2,291,267 128,874
420,455 549,329
Expendlture Analysls
Unrestrlcted Restricled Endowment
funds
funds
funds
2024
2024
2024
Total Unrestricted Restricted
funds
funds
funds
2024
2023
2023
Total
funds
2023
Raislng funds
Charilable activities
Exchange loss on
endowment fund
48,117
330,261
39
24,707
1,069
49,225
45,213
354,968 1,140,547
526
45,739
303,236 1,443,783
133,773 133,773
134,842 537,966 1,185,760
378,378
24,746
303,762 1,489,522
Page 15

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
(Acompany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER2024
Analysis of resources expended by expenditure type
Staff
costs
2024
Depre-
ciation
2024
Other
costs
2024
Total
2024
Total
2023
Ralslng funds
Charitable Actlvities
Exchange loss on endowment
22,544
105,074
26,681
249,894
133,773
49,225
354,968
133,773
45,739
1,443,793
127,618
410,348
537,966
1.489,522
Costs of generatlng voluntary Income
(a) Analysls of Resources Expended
Direct
costs
2024
Support
costs
2024
Total
2024
Total
2023
Fundralslng costs
49 225 45,739
(b) Direct costs of generating voluntary
income
Pemianent
Restricted Endowment
funds
funds
2024
2024
Total
funds
Total
funds
Unrestricted
funds
2024
2024
2023
Office costs
Publlclty costs
Consultancy costs
Bank & other charges
451
1,554
1,761
451
1,554 9,194
2,869 2,941
39
1,069
Total
3,766
39
1,069
4,874 12,135
Page 16

GLOBAL FELLOWSHIP OF CONFESSINGANGLICANS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Analysis of resources expended by actlvltles
(a) Analysls of ReSOu￿e$ Expended
Direct costs Support costs
2024
2024
Total
2024
Total
2023
Charitable activities including
conferences
177,565
177,403 354,968 1,443,783
177,565
177,403 354,968 1,443,783
(b) Dlrect Charltable costs
Unrestrlcted
funds
2024
Restrlcted
funds
2024
Endowment
Funds
2024
Tolal
funds
2024
Total
funds
2023
Staff costs
Recruitment, trainlng
Conference cosls
Venue
Accommodation
Travel
Transport
Publlcity
Admlnlstration
Exchange losses
Travel & Subslstence
Overnlght Accommodation
Venue costs
Grants
Publicity costs
Office costs
IT costs
Consultancy costs
Bank & other charges
Deprecialion
14,780
105
116
14,896
105
49.054
406
24,543
4,495
11,376
1,758
24,543
4,495
22,346
1,758
526.301
426,703
70,603
46,632
66,292
22,312
90,786
8,213
13,882
{3,923)
10,521
6,904
5,039
1,750
23,736
93
69
10,970
39.672
29.116
4,909
5,801
45,473
29,110
4,909
7,697
9,016
3,494
5,355
3,913
449
7,697
9,016
3,494
5,355
3,913
326
123
152,858
24,707
177,565 1,365,373
Page 17

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
(Acompany Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER2024
Support costs
Unrestrl¢ted
funds
2024
Restricled
funds
2024
Endowment
funds
2024
Total
funds
2024
Total
funds
2023
staff costs
Recruitment & Training
Travèl & Subslstence
Overnlght accommodation
Office costs
IT costs
Legal & professlonal costs
Bank & other charges
Depreclatlon
Exchange lossesl(galns)
112,723
1,734
10,109
4,726
2,121
1,839
112,723
1,734
10,109
4,726
2,121
1,839
105,150
4,471
13,116
1,883
46
402
152
119,3841
511
511
80,264
80,264
Governance Ilems
Truslees Meeting expenses
Trustee Travel
Office costs
Audit fee
Other Legal & Professional fees
76
757
76
757
72
6,860
34
6,860
34
6,080
26
221,754
221.754
112.014
Allocation:
Cost of Generating funds
Charitable Actlvlties
44,351
177,403
44,351
177,403
33,604
78,410
221,754
221,754
112,014
Net incomel(expenditure)
This Is stated after charging:
2024
2023
Depreclation of tangible fixed assets,.
owned bythecharity
Audltors, remuneration - audit fees
Auditors, remuneratlon - non-audit fees
221
6,080
6.860
During the year, no Trustees recelved any remuneration (2023- £NIL).
During the year, no Trustees received any benefits in kind (2023- £NIL).
Reimbursement of expenses received by Trustees durlng the current year totalled £2,603 (2023 - £NIL).
Page 18

GLOBAL FELLOWSHIP OF CONFESSINGANGLICANS
(Acompany Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER2024
Staff costs
Staff costs were asfollows:
2024
2023
Wages and salaries
Social security costs
Penslons
111,429
134,090
16,189
20,114
127,618
154,204
The average monthly number of employee8 during the yearwas as follows.,
2024
No.
2023
No employee received rèmuneralion (excluding employels pension conlributions) amounting to morethan
£60,000 in either year.
Remuneration of £64,601 In total was paid to key management personnel during the year (2023- £61,583).
Included in creditors at the year end is an amount of £640 (2D23 - £6Q5) of OLrtstanding pension
contributions due.
10.
Tangible f ixed assets
Fixtures,
Fittings &
Equipment
Computer
Equlpment
Total
Cost
At beginning of year
Additions
Disposals
At end of year
Depreclatlon
At beginnlng of year
Depreciation
Disposals
At end of year
6,648
6,648
6,648
6,648
6,648
6,648
6,648
6,648
Net book value at year end
Net bookvalue at beglnning of year
Page 19

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
(Acompany Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER2024
11. Debtors
2024
2023
Other debtors
Prepayments and accrued income
324
41,095
654
1977
41,419
3,631
12. Credltors: Amounts falling due within oneyear
2024
2023
Creditors
Accruals and deferred Income
Other Taxation 8nd Social Security costs
21,501
6,628
2,143
26,729
5,766
2,074
30,272
34.569
13.
Statement of funds
Brought
Forward
Incomlng Resources
Transfers
Resources Expended of Funds
Carrled
Forward
Permanent Endo￿nent funds
The Gafcon Endowment Fund
2,152,689 (134,842)
57,662
2,075,509
Restrlcted funds
Gafcon future endowment fund
Bishops Training Institute Fund
Bishop Lines Fund
Video Productlon Fund
Sufferlng Church Network Fund
Sustainablè Dévelopment Network Fund
Lawyers Task Force
Women In Ministry N@twork
Global Mission Partnerships Network
General Network Fund
General Secretary Travel Fund
Conference Organiser Fund
Klgali Bursary Fund
GAFCON IV Bursary Fund
Other Funds
57.662
2,314
13
6,998
4,275
252
153
910
120
49
5,801
{57,662)
8,783 (11,097)
7,713
(7,726)
6,998
4,275
349
153
949
120
49
100
(3)
40
(1)
118
(118)
15,801)
356
53,399
356
53,399
132,306
16.754 (24.746) (57,662)
66,652
Pag8 20

GLOBAL FELLOWSHIP OFCONFESSING ANGLICANS
(A company Ilmlted by guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER2024
13. Statement of lunds (continued)
Brought
Forward
Incoming Resources Transfers
Resources
Expended of Funds
ca￿led
Forward
Unrestrlcled funds
Designated GAFCON V 2Q28 reserve
General
446,602
461,005
446,602
205916
123.289
(378,378)
Total Unrestrlcted Funds
907,607
123,289
{378,378)
652,518
Total funds
1.039,913 2,292.732
(537,966)
2,794,679
Supporting information in respect of each fund is given as follows:
Gafcon Endowment fund.. On 20 April 2023, atthe GAFCON IV conference in Kigali, Gafcon announced its
intention to launch an endowment f und with the intention of raising US$1 Omillion, in order to fund the work
of the G8fcon movement into the future. This was constituted in February 2024.
ri
Gafcon future endowmentfund". Prior to constllution of the Gafcon Endowment Fund, early donations were
held in this restricted fund. These have now been transferred.
Blshops, Training Institute (BTI) Fund.. to pay for Bishops, Training conferences.
Blshop Lines Fund.. originally this was to fund the office and expenses of the newly appointed Missionary
Bishop to Europe, and his work in the UK and Europe. This work is now carried out by the Anglican
Network in Europe. but some donations for thls work are still received by us.
VldeoProductionFund.' to produce a video of the church inthe Anglican Province of the Congo: illness (Ebo5a
and Covid.1g) and violence have prevented this to date.
The Sustalnable Development Network the Sufferlng Church Network, the L8wyer5 Task Force, the Women
In Mlnlstry Network gnd the Global Mission Partnershlps Network funds are to fund the work of those
Indlvidual Networks.
Klgall BursaryFund This fund was to provide bursarles for dolegates from poorer countries to enable them
to attend our 2020 Bishops conference in Kigali, which never happened due to Covid-19. Some donors
agreec£ to have these funds transferred to the GAFCON IV Bursary Fund
GAFCONIVBursaryFund.' to provide bursaries for delegates from poorer countries to enable them to attend
our GAFCON IV conference in Kigall in April 2023., the fund was not completely used and SD funds will be
retalned in order to fund bursaries at the GAFCON V Conferen￿ In 2028.
Desi
nated Fund
The GAFCON V 2028 Reserve Fund has been established as a designated fund to fund the early expenses
of future conferences, specif ically the 5-yearly GAFCON V conference in 2028. The intended reserve figure
is £500,000, made up of this reserve and the remaining balance of the GAFCON IV Bursary Fund.
Page 21

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
(A cornpany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
13. Statement of funds (continued)
Summary offunds
Brought
Forward
Incoming Resources Transfers
Resources
Expended of funds
Carried
Forward
Year ended 30 September 2024:
Unrestricted funds
Restricted funds
Permanent Endowmént Funds
907,607
132,306
123.289 1378,3781
16,754 (24,746) (57,662)
2,152,689 (134,842)
57,662
652,518
66,652
2,075,509
1039913 2292732
537 966
2 794,679
Comparative Flgures:
Year ended 30 September 2023..
Restrfcted Funds
Gafcon future endowment fund
Bishops Training Institute Fund
Bishop Lines Fund
Vldeo Production Fund
Suffering Church Network Fund
Sustainable Development Network Fund
Lawyers Task Force
Women in Ministry Network
Global Mission Partnerships Network
General Network Fund
General Secrelary Travel Fund
Conference Organiser Fund
Kigali Bursary Fund
GAFCON IV Bursary Fund
other Funds
57,927
1,674
10,507
(265)
57,662
2,314
13
6,998
4,275
252
153
910
120
49
5,801
640
110,4941
6,998
3,914
364
240
{3)
141
143
489
421
123
152
8,095
3,367
(3)
11031
12,2941
13.3671
356
2,980
356
53,399
337,648 1287,2291
15,540
420,528 1303,7621
132.306
Unrestricted funds
Designated GAFCON V 2028 reserve
General
446.6Q2
446 602
446,602
461 OQ5
312 675 1,780,692
1185,760
Total of funds
328,215 2,201,220 11,489,522)
1,039,913
14. Permanent Endowment Fund
During the year the Charity established a permanent endowmont fund. The aim is to reach US$1 Omillion to
produce sustainable funding for the Charity into the future.
The fund will accumulate income until the value of the fund {combined with the Designated GAFCON V
2028 reseNe and GAFCON IV Bursary Fund) reaches US$4million. After that, 'A of income will be
accLJmulated and ⅔ of incom@ treated as unrestricted ineome.Therefore for the year ended 30 September
2024 the fund is accounted for on a total return basis.
The Fund is governed by an Oversight Committee, with an Investment Commiltee to advise on investment
strategy. The Investment Committee appoinled Rathbones Investment Management to manage
investmenls on behalf of the fund, though no funds had been transferred as at 30 September 2024. In the
meantime the funds were held in bank accounts in both US dollars and pounds sterling.
Due to exchange rate fluctuations the fund made an exchange loss of £133.773 in the year.
Page 22

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
(Acompany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
14. Peimanent Endowment Fund (contlnued)
Unapplied
Total
Return
2024
Trust for
Investment
2024
Total
2024
Total
2023
At beginnlng of the year:
Movements In the year
Transferred from restricted f und in the year
Gifts of endowment funds
Investment return.. Interest
Investment return: Exchange loss
Charges on gifts received
57,662
2,151,433
57,662
2,151,433
1,256
1,256
(133,773) (133,773)
(1,069)
(1,069)
Net movements in the year
Atthe end of the year:
Gift component of the permanent endowment
Unapplied total return
Total
2,209,095 (133,586) 2,075,509
2,209,095
2,209,095
133 586
133 586
2,209,095 (133,586) 2.075,509
15. Analysis of net assets between funds
Unrestricted Re5trfcted Endowmenl
funds
funds
funds
2024
2024
2024
Total
Funds
2024
Total
Funds
2023
Tanglble fixed assets
Current assets
Creditors due within one year
682,790
(30,2721
66,652
2,075.509 2,824,951
(30,2721
1,074,482
134,5691
652,518
66,652
2,075,509 2,794,679
1,039,913
16. Reeonclllatlon of net income to net cash flow from operatlng activities
Unrestricted
funds
2024
Restricted
funds
2024
Endowment
Fund
2024
Total
funds
2024
Total
Funds
2023
Net income for the year
las per the Stalement of
Financial Activities)
Transfers
Depreciatlon
Changes in Debtors
Changes in Creditors
(255,089)
17,992)
2,017,847 1,754,766
711,698
(57,662)
57,662
221
(37,788)
939,091
(4,297) (800,463)
(37.788)
{4,297)
(297,174)
(65,654)
2,075,509 1,712,681
850,547
Page 23

GLOBAL FELLOWSHIP OF CONFESSING ANGLICANS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
17. Anatysls of Cash and Cash Equivalents
Unrestricted
funds
2024
Re$trl¢ted
funds
2024
Endowment
Fund
2024
Total
funds
2024
Total
Funds
2023
Cash at bank and In hand
641,371
66,652
2,075,509 2,783,532
1,07Q,851
18. Retatéd party transactlons
Related parties include the charity Irustees, close relatlves and key management personnel, and bodles of
which they are directors. Donations received in the year from Trustees and key management personnel
totalled £18,803 (2023- £12,302). There were no conference fees received in the year (2023: £38,139).
Tolal payments to provinces, dioceses 8nd churches of which Trustees are senior officials are as follows..
£51,777 (2023.. £Nil) to Eglise Anolicane du Rwanda, of which province Most Revd Laurent Mbandals
Archbishop, to reimburse costs of BTI (Blshops, Training Instltute)-7 in February 2024, and a Primates
Council in March 2C)24; both events were admlnlstered by the provlnce
£472 (2023- £Nil) to Christ Church Cathedral Plano, of which Rt Revd Paul Donison is Dean, to
reimburse costs of publicity materlals.
Most Revd Benjamin Kwashi retired as Archbishop of Jos in September 2023, so reirnbursements to
the Anglican Diocese of Jos are no longer considered a related party transaction (2023- £7,380).
The non.dependent daughter of one of the Trustees. engaged as a consultanl in previous years on an
arms-length basis, was re-engaged on a voluntary basis in May 2024. No remuneration was paid to her in
the year (2023 - £15,607). Expenses of £1,648 (2023.. £426) were reimbursed to her.
19. Operatlng lease Commitments
There were no non-eancellable operating leases as at 30 September 2024 (2023 - Nil). There were no
lease/llcence payments in the year (2023 - £11,293).
Page 24