2022-12-31-accounts

Church Estates Charity31 December 20092009255706LondonDeloitte LLP1 January 200931 December 20081 January 20091 January31 Dec ember

Charity Registration No. 1189461

Annual Report and Financial

Statements

31 December 2022

The Evangelical Fellowship in the Anglican Communion

Annual report and	fnancial statements 2022	fnancial statements 2022
Contents		Page
Trustees' report		1
	The Evangelical Fellowship in
Independent	the Anglican Communion
examiner’s report	(EFAC)	6
	(a charitable incorporated organisation)
Statement of fnancial
activities		7
Balance sheet		8
Cash fow statement		9
Notes to the accounts		10

The Evangelical Fellowship in the Anglican Communion

Trustees’ report 31 December 2022

Object

The object of The Evangelical Fellowship in the Anglican Communion (‘EFAC’ or ‘the charity’) is to further fellowship amongst Anglican evangelicals throughout the world.

Constitution and aims

EFAC was registered as a charity on 12 November 1962 as an unincorporated association governed by a Constitution.

EFAC was re-registered as a charitable incorporated organisation (‘CIO’) with the Charity Commission on 13 May 2020 (registration number 1189461). The assets, liabilities and activities of EFAC (registered charity number 212314) were transferred to the CIO with effect from 31 December 2020. EFAC (registered charity number 212314) was removed from the Charity Commission register during 2022.

Established in 1961 by the late Revd Dr John Stott CBE, sometime Rector of All Soul’s Langham Place, London, Chaplain to HM The Queen and leading evangelical theologian, the purpose of EFAC was, and continues to be, to encourage and develop biblically faithful fellowship, teaching and mission throughout the Anglican Communion.

EFAC’s aims rest on the conviction that a strong biblical witness is essential for the life and health of the Anglican Communion, within the wider context of seeking first God’s kingdom and the building up of His people. The charity’s aims, as set out in its Constitution, are as follows:

• to promote the Gospel of our Lord Jesus Christ through upholding the supreme authority of Scripture in matters of both faith and conduct throughout the Anglican Communion at every level of its life and witness;

• to stand with members of the Anglican Communion in a commitment to biblical obedience, particularly in the areas of Christian discipleship, servant leadership, faithful conduct, church renewal, and mission in the world;

• to foster fellowship and unity in the Apostolic faith among evangelical Anglicans and to build strong relationships both locally and globally throughout the world; and

• to be a resource for developing and encouraging biblically faithful witness and leadership in all spheres of life, especially by:

• taking counsel together on important issues, and

• articulating gospel distinctives in the areas of faith, order, life and mission by publications and other media.

Public benefit

The Trustees recognise their responsibilities towards public benefit under the requirements of the Charities Act 2011 and have had regard to the guidance from the Charity Commission on public benefit. The Trustees believe that EFAC, in advancing the Christian religion, benefits individuals and society by motivating people through its vision of a transformed and peacefilled world and the flourishing of humankind under God, to serve God and love their neighbours. To this end, EFAC advances the Christian religion by enabling and supporting biblically faithful fellowship, teaching and mission throughout the Anglican Communion.

Governance and organisation

Trustees

The charity has a board of trustees which ensures that (i) the charity is carrying out its purposes for the public benefit in accordance with its Constitution, (ii) the charity is in

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The Evangelical Fellowship in the Anglican Communion

Trustees’ report

31 December 2022

compliance with the Constitution and UK charity law, (iii) the charity’s assets and resources are appropriately safeguarded and only used to support or carry out EFAC’s purposes, and (iv) there is appropriate oversight and accountability of staff and committees within EFAC regarding their management, activities and decisions.

During 2022 and to the date of this report, the Trustees of EFAC were as follows:

• Rt Revd Keith Sinclair (Chair) formerly Bishop of Birkenhead

• Anna De Castro (appointed 29 March 2023)

• Stephen Hofmeyr KC

• Revd Dr Jem Hovil (appointed 29 March 2023)

• Carl Hughes FCA (retired on 29 March 2023 upon conclusion of term of office)

Governance and organisation (contd)

Trustees (contd)

• Jane Patterson (appointed 29 March 2023)

• Ven Greg Prior (appointed 29 March 2023)  Revd Charlie Skrine (appointed 29 March 2023)  Canon Dr Chris Sugden (retired 29 March 2023 upon conclusion of term of office)

Council

EFAC’s membership comprises (i) those national or regional evangelical groups in the Anglican Communion (‘group members’) and (ii) those individual Anglican evangelicals (‘individual members’) whom the Council, at its discretion, admits to membership. Upon admission to membership each member affirms their agreement with EFAC’s Aims and Statement of Faith and the additional declarations set out in EFAC’s Constitution.

Under its Constitution, EFAC’s affairs are administered and managed by a Council which consists of at least one, and not more than 2, representatives from each group member, being normally the group member’s president or chairman and secretary, or such other persons as the group member may by resolution of its governing body appoint. The Council also includes all the members of its Executive Committee.

At 31 December 2022, the Council comprised the following:

----- Start of picture text -----
Australia Rt Revd Stephen Hale Revd Richard Trist
(Chair)
England Rt Revd Keith Sinclair Stephen Hofmeyr QC
New Revd Dave Clancey Revd Mark Hood
Zealand
Nigeria Rt Revd Samuel Ejeofor
Scotland Revd David McCarthy
Wales Revd Canon Alan Revd Jim Griffiths
Chadwick
USA Revd Zac Neubauer Revd Richard Crocker
----- End of picture text -----

• member of the Executive Committee (see below)

Executive Committee

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The Evangelical Fellowship in the Anglican Communion

Trustees’ report

31 December 2022

The Executive Committee has responsibility for the day-to-day management of EFAC’s affairs, as delegated to it by the Trustees and the Council. The Executive Committee consists of the officers appointed by the Council, comprising a President, an Executive Committee Chairman, a General Secretary, a Treasurer and up to six individuals representing, as far as possible, Anglican evangelicals in all regions of the world.

As at 31 December 2022, the Executive Committee comprised the following:

• Rt Revd Stephen Hale (Chair) formerly Bishop of the Eastern Region, Melbourne, Australia

• Rt Revd Seth Ndayirukiye Bishop of Matana, Burundi

• Rt Revd Samuel Ejeofor Bishop of Aguata, Nigeria

• Rt Revd Henry Scriven General Secretary

• Rt Revd Keith Sinclair National Director, CEEC; formerly Bishop of Birkenhead, UK

• Carl Hughes FCA

• Treasurer

• Stephen Hofmeyr KC Secretary

Bishop Henry Scriven was appointed as General Secretary of EFAC during 2019. Bishop Henry was ordained in 1975 and, after parish ministry in England and working as a mission partner in Argentina and Spain, he served as Suffragan Bishop in Europe and Assistant Bishop in the Episcopal Diocese of Pittsburgh. He served as Latin America Mission Director for the Church Mission Society and on the boards of several other Christian organisations.

Governance and organisation (contd)

Julia Cameron was appointed as EFAC’s Director of Publishing during 2019. Julia brings over 25 years of publishing experience, including international publishing with OMF International, IFES and the Lausanne Movement. Julia’s personal website is www.dictumpress.com.

Key activities and outcomes

EFAC seeks, through its global fellowships, fora and resources, to equip evangelical Anglicans to promote the gospel at every level - locally and globally, and to build upon the 5 Marks of Mission of the Anglican Communion:

• To proclaim the Good News of the Kingdom

• To teach, baptise and nurture new believers

• To respond to human need by loving service

• To transform unjust structures of society, to challenge violence of every kind and pursue peace and reconciliation

• To strive to safeguard the integrity of creation and sustain and renew the life of the earth.

Activities during 2022

During 2022, planning continued towards the Lambeth Conference which was rescheduled from July 2020 to July 2022 due to the Covid-19 pandemic. An EFAC team, including Bishops Keith Sinclair, Stephen Hale and Henry Scriven, Canon Dr Chris Sugden and Dr Martin Davie, was in Canterbury for the duration of the Conference to promote the work of EFAC. Our presence included manning a stall in the Exhibition Centre, hosting a dinner for evangelical

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The Evangelical Fellowship in the Anglican Communion

Trustees’ report 31 December 2022

bishops from around the world at the beginning of the Conference and providing facilities for Press Conferences off campus for the leaders of the Global South Fellowship of Anglican Churches (GSFA). We also set up a mailing list and a Resource Group website. Our collaboration with the GSFA is ongoing as they seek to serve the orthodox provinces and dioceses in the Communion.

Lambeth 2022 was a great opportunity for bishops from all over the world to meet and learn from each other. Being together every day in a small group of 8 around a table discussing a wide variety of topics can be very inspirational; or it can be really difficult and hard work - it seemed to have been the former for most of the attending bishops. The personal relationships that resulted were very important for mutual learning and appreciation of different cultures. EFAC particularly sought to support Global South bishops and to help their voices be heard and helped to ensure that Resolution 1.10 passed at Lambeth 1998 continues as the official teaching of the Communion.

The year also saw the completion of a global study for evangelical clergy of John Stott’s book, Through the Bible Through the Year , which commenced in August 2021 and concluded in August 2022, building up fellowship groups through the reading of this study together.

Objectives and plans for 2023

EFAC’s objectives for the five years from 2020 to 2024 are as follows:

• To establish new EFAC fellowships in 10 areas

• To promote cross-networking amongst existing EFAC groups

• To equip EFAC members to engage biblically with current ideologies/idolatries

• To identify and draw together EFAC youth globally

• To facilitate gatherings of EFAC theologians, through the TRN

• To facilitate responses to developments/requests for help where the authority of Scripture is under threat

• To support those whose faithful Christian profession is under threat

• To use all available media to facilitate the above

EFAC will seek to achieve these objectives through:

• Supporting current EFAC fellowships, establishing new ones and creating opportunities for engagement amongst them;

• Facilitating gatherings of EFAC theologians both regionally and globally;

Key activities and outcomes (continued)

• Equipping fellowships to engage biblically (i) with current ideologies/idolatries, (ii) where the authority of Scripture is challenged, and (iii) where faithful Christian profession is under threat;

• Offering resources and strategies for EFAC clergy and lay leaders to preach the Word of God faithfully and to teach the biblical faith through catechesis and discipleship training;

• Engaging young people in the work of EFAC both locally and globally;

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The Evangelical Fellowship in the Anglican Communion

Trustees’ report 31 December 2022

• Using all available media to facilitate the above;

• Developing financial strategies to support the above.

Other specific activities planned for 2023 comprise:

• Planning for EFAC’s engagement with the GAFCON Conference in Kigali, Rwanda in April 2023;

• Building upon relationships formed through the Lambeth Conference of 2022, particularly with GSFA;

• Continuing to provide support and resources for evangelical bishops around the world and encouraging fellowship amongst evangelical bishops;

• Progressing the development of EFAC’s website and database.

Financial review

The financial results for the EFAC charitable incorporated organisation are set out in the Statement of Financial Activities on page 7.

During 2022, EFAC had income of £52,004 (2021 – £22,943), comprising donations of £49,678 (2021 - £20,810) and investment income of £2,326 (2021- £2,133). Of these donations, £6,000 (2021 - £6,700) was received specifically to support the work of the Director of Publishing and £30,329 to support EFAC’s Lambeth Conference programme; these donations were, accordingly, accounted for as restricted funds.

Of the total expenditure of £59,468 (2021 - £23,701), £58,780 (2020 - £22,983) was expended on charitable activities, as detailed in note 3 to the financial statements. Expenditure primarily comprised honoraria payments made to the General Secretary and the Director of Publishing, and costs relating to the Lambeth Conference programme. After taking account of movements on investments, the charity’s net outgoing funds for the year was £19,262 (2021 - £3,105 net incoming funds).

At the end of 2022, EFAC had net assets of £56,081 (2021 - £75,343), as detailed in the balance sheet set out on page 8. The principal assets of the charity were investments of £52,694 (2021 – £62,853) and cash of £3,387 (2021 - £14,050).

Reserves policy

EFAC’s free reserves at 31 December 2022 totalled £52,592 (2021 - £69,745) comprising the charity’s total unrestricted funds. The Trustees have reviewed the level of free reserves required by the charity, taking particular note of the current uncertainty of future income streams from donors. Consequently, the trustees have set an objective of maintaining a level of free reserves of not less than £50,000. The Trustees keep this reserves policy under regular review.

Financial plans for 2023

The Trustees are continuing to focus on developing regular financial income streams from group members, trusts, churches and individual supporters. Until there is greater certainty concerning future income, it will be necessary to manage day-to-day operations carefully to ensure that the charity’s cash flow is appropriately controlled.

Gratitude for donors’ support

God has continued to be generous in His provision for us. We believe that if we act as responsible stewards of the gifts that He has given to us, He will continue to provide for EFAC’s ministry in 2023 and beyond.

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The Evangelical Fellowship in the Anglican Communion

Trustees’ report 31 December 2022

The Trustees are very appreciative of the numerous generous gifts made by many since EFAC’s rebirth in 2017. However, we would like to be in a position to be able to do more going forward and we therefore encourage every group member and all of our other supporters to consider the extent to which they are able to provide regular financial support for EFAC’s work.

Principal risks

The Trustees have identified and reviewed the major risks to which the EFAC is exposed and are satisfied that appropriate processes are in place to mitigate those risks. The key risk to which the charity is exposed is the lack of a regular stream of income from donors and the consequent risk of being able to maintain the level of current operations.

Trustees’ responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the applicable Charities’ Statement of Recommended Practice (SORP);

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the charity’s trusts. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

Advisers

Bankers Lloyds Bank, Butler Place, 1 Legg Street, Chelmsford CM1 1JS Investment Managers Walker Crips, Old Change House, 128 Queen Victoria Street, London EC4V 4BJ

Independent Examiner H C Fanthome, King Loose & Co, 5 South Parade, Oxford OX2 7JL

Correspondence

Correspondence concerning the charity should be directed to:

EFAC

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The Evangelical Fellowship in the Anglican Communion

Trustees’ report 31 December 2022

2 All Souls’ Place London W1B 3DG

The charity’s website address is www.efacglobal.com

Signed, on behalf of the Trustees, on 10 May 2023

Rt Revd Keith Sinclair Chairman

Stephen Hofmeyr QC Secretary

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The Evangelical Fellowship in the Anglican Communion

Independent Examiner’s report

31 December 2022

I report to the trustees on my examination of the accounts of The Evangelical Fellowship in the Anglican Communion (charity number 1189461) for the period ended 31 December 2022, which are set out on pages 7 to 13.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (‘the Charities Act’) and that an independent examination is needed.

It is my responsibility to examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and to state whether particular matters have come to my attention.

Basis of opinion

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

I have completed my examination and confirm that no material matters have come to my attention which give me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the Charities Act and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met, or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

H C Fanthome King Loose & Co 5 South Parade Oxford OX2 7JL

2023

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The Evangelical Fellowship in the Anglican Communion

Statement of financial activities Year ended 31 December 2022

		------Year ended 31 December 2022------	------Year ended 31 December 2022------	------Year ended 31 December 2022------	------Year ended 31 December 2022------
					2021
		Unrestric	Restrict	Total	Total
		ted	ed	Funds	Funds
		Funds	Funds
		(General)
	Note			£	£
	s	£	£
Income
Donations and legacies	2	13,349	36,329	49,678	20,810
Investment income	4	2,326	-	2,326	2,133
Total income		15,675	36,329	52,004	22,943
Expenditure
Expenditure on charitable		(20,342)	(38,438)
activities	3			(58,780)	(22,983)
Investment fees and costs	4	(688)	-	(688)	(718)
Total expenditure		(21,030)	(38,438)	(59,468)	(23,701)
Net expenditure		(5,355)	(2,109)	(7,464)	(758)
Net losses on investments	4	(11,798)	-	(11,798)	3,863
Net (outgoing)/incoming		(17,153)	(2,109)
funds for year				(19,262)	3,105
Funds at beginning of year		69,745	5,598	75,343	72,238
Funds at end of year		52,592	3,489	56,081	75,343

There were no other recognised gains or losses in respect of 2022 or 2021 other than those reflected in the statement of financial activities.

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The Evangelical Fellowship in the Anglican Communion

Statement of financial activities Year ended 31 December 2022

The notes on pages 10 to 13 form part of these accounts.

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The Evangelical Fellowship in the Anglican Communion

Balance sheet

31 December 2022

Notes Fixed assets Investments 4 Current assets Cash at bank Current liabilities Accruals Net assets Funds Unrestricted funds - general 7 Restricted funds 7	2022 £ 52,694 3,387 - 56,081 52,592 3,489 56,081	2021 £ 62,853 14,050 (1,560) 75,343 69,745 5,598 75,343

Approved on behalf of the Trustees

Rt Revd Keith Sinclair Chairman

Carl D Hughes Treasurer

10 May 2023

The notes on pages 10 to 13 form part of these accounts.

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	Year	Year
	ended	ended
	31	31
	Decemb	Decemb
	er	er
	2022	2021
	£	£
Cash fows from operating activities
Net movement in funds for the year	(19,262)	3,105
Adjustments for:
Investment income	(2,327)	(2,133)
Investment costs	688	718
Investment losses/(gains)	11,798	(3,863)
(Decrease)/increase in creditors	(1,560)	1,560
Net cash used in operating activities	(10,663)	(613)
Cash fows from investing activities
Purchase of investments	-	-
Proceeds from sale of investments	-	-
Net cash used in fnancing activities	-	-
Change in cash and cash equivalents during the
year	(10,663)	(613)
Cash and cash equivalents at the beginning of the
year	14,050	14,663
Cash and cash equivalents at the end the year	3,387	14,050

The Evangelical Fellowship in the Anglican Communion

Notes to the accounts

Period ended 31 December 2022

1 Accounting policies

• (a) Basis of preparation and assessment of going concern

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities, applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (SORP FRS 102) and the Charities Act 2011. The charity meets the definition of a public benefit entity under FRS 102.

The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern. With respect to the next reporting period, the most significant areas of uncertainty are the regularity of the charity’s income stream from donor groups and individuals, and the level of investment return and the performance of investment markets which affect the carrying value of the charity’s assets.

(b) Fund accounting

Unrestricted funds represent funds that are not subject to any constraints regarding their use and are available for the general purposes of the charity. These include funds designated by the trustees for a particular purpose, as explained in note 7.

Restricted funds represent donations or grants received for a specific object or invited by the trustees for a specific object. These funds may only be expended on the specific object for which they were given. Details of the restricted funds are provided in note 7.

(c) Donations and legacies

Donations and legacies are recognised when the entitlement to the economic benefit has passed to the charity and its monetary value can be measured reliably. Amounts receivable under forms of planned giving are only recognised when received from the donor. Grants and legacies are accounted for when entitlement is notified, the amount receivable is quantifiable and its ultimate receipt is probable. Income tax recoverable on donations given under Gift Aid is recognised at the time of the donation.

(d) Investment income

Dividend and interest income from investments are recognised on an accruals basis upon receipt from the investment managers.

(e) Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be reliably measured.

Expenditure is included on an accruals basis and has been classified under headings that aggregate all costs related to the category.

The Evangelical Fellowship in the Anglican Communion

Notes to the accounts

Period ended 31 December 2022

(f) Investments

Investments are stated at market value at the balance sheet date. Realised gains and losses are recognised upon the disposal of investments. Unrealised gains and losses are accounted for on the revaluation of investments at the year end and are taken to the Statement of Financial Activities.

(g) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

The Evangelical Fellowship in the Anglican Communion

Notes to the accounts Period ended 31 December 2022

2. Donations and legacies

Donations and legacies
	-------Year	ended 31	December	2022-----
				2021
	Unrestric	Restrict	Total	Total
	ted	ed	Funds	Funds
	Funds	Funds
	(General)		£	£
	£	£
EFAC group members	10,000	-	10,000	10,000
Churches and trusts	-	23,000	23,000	6,000
Individuals - donations	3,299	12,829	16,128	4,497
Gift Aid	50	500	550	313
	13,349	36,329	49,678	20,810

Of donations and legacies received in 2021, £13,469 was unrestricted (£10,000 from EFAC group members; £3,156 from individuals; £313 from Gift Aid) and £7,341 was restricted (£6,000 from churches and trusts; £1,341 from individuals).

3. Expenditure on charitable activities

------Year ended 31 December 2022----2021

Unrestric ted Funds (General) £ Restrict ed Funds £ Honoraria 6,000 6,000 Lambeth Conference and related costs 8,664 30,329 Travel 1,755 - Accommodation + subsistence - - Administrative, website + ofice costs 3,083 - Professional fees 840 - Publishing related costs - 394 _Jesus Way_project - 1,715 John Stott Centenary Conference costs - - Uganda radio project costs - - 20,342 38,438	Total Funds £ 12,000 38,993 1,755 - 3,083 840 394 1,715 - - 58,780	Total Funds £ 13,200 210 29 560 1,560 645 5,954 825 22,983

The Evangelical Fellowship in the Anglican Communion

Notes to the accounts Period ended 31 December 2022

	Prior year comparatives for 2021			---------------------Year ended 31	---------------------Year ended 31	---------------------Year ended 31	---------------------Year ended 31
December 2021---------------------
			Unrestricte	Unrestricted	Restricted		Total
			d	(Designated
			(Gene	)	£		£
			ral)	£
		£
	Honoraria	7,200		-	6,000	13,200
	Publishing related costs	-		-	645	645
	Uganda radio project costs	184		-	641	825
	Travel	152		58	-	210
	Accommodation + subsistence	29		-	-	29
	John Stott Centenary Conference and	5,954		-	-
related costs						5,954
	Professional fees	1,560		-	-	1,560
	Administrative + ofice costs	560		-	-	560
			15,639	58	7,286	22,983
	Honoraria related to payments made to		the General Secretary		and Director of
Publishing.
4.	Investments - Listed
					2022		2021
						£	£
	At beginning of year				62,853		57,575
	Revaluation (losses)/gains during	the year			(11,798)		3,863
	Investment income reinvested				2,327		2,133
	Investment fees and costs				(688)		(718)
	At end of year				52,694		62,853

5. Trustees

None of the trustees received nor was due any remuneration in respect of the year or the prior year.

No expenses are paid to any trustee; occasional, low-value reimbursements are made where overhead items are incurred by Trustees.

6. Staff costs

No employee received emoluments above £60,000.

The Evangelical Fellowship in the Anglican Communion

Notes to the accounts Period ended 31 December 2022

7. Funds

Funds
	1					31
	Januar		-------	-------------		December
	y 2022		2022----		---	2022
	£	----------	Expenditu	Investme		£
		Income	re		nt losses
		£	£		£
Unrestricted
funds
	69,745	15,675			(11,798	52,592
General fund			(21,030)
Restricted funds
Director of Publishing	3,859	6,000	(6,394)			3,465
Director of the Theological	1,739		(1,715)			24
Resources Network –Jesus Way
project
Lambeth Conference programme	-	30,329	(30,329)			-
	75,343	52,004	(59,468)		(11,798)	56,081

8. Prior year Statement of Financial Activities

-------------Year ended 31 December 2021-------------

	Unrestric	Unrestric	Restrict	Total
	ted	ted Funds	ed	Funds
	Funds	(Designate	Funds
	(General)	d)		£
	£	£	£
Income and endowments
Voluntary income	13,469	-	7,341	20,810
Investment income	2,133	-	-	2,133

The Evangelical Fellowship in the Anglican Communion

Notes to the accounts Period ended 31 December 2022

Total income 15,602 - Expenditure Expenditure on charitable activities (15,639) (58) Investment fees and costs (718) - Total expenditure (16,357) (58) Net income/(expenditure) (755) (58) Net losses on investments 3,863 - Net incoming/(outgoing) in funds for the year 3,108 (58) Funds at beginning of year 66,637 58 Funds at end of year 69,745 -	7,341 (7,286) - (7,286) 55 - 55 5,543 5,598	22,943 (22,983) (718) (23,701) (758) 3,863 3,105 72,238 75,343