REGISTEREO CHARITY NUMBER: 1199381 Report of the Tn and Unaudited Financial Statements for the Year Ended 31st March 202.5 Anglican Convocation Europe Hodgsons Chartered Accountants 48 Arwenack Slreet Falmouth Comwall TR113JH
Anglican Convi)&ion Europe Contents of the Financial Statements for the Year Ended 31st March 2025 Page Report of the Truste•s 1 to 2 Independent Examins Report Statement of Flnan¢ial Activtt$ Statement of Financial Position Notes to the Flnanclal Staleftnts 6 to 11 Detailed SLiternent of Financlal Activlu 12
A.nglican Convocation Europe R•port of lh8 TnS for the Year Endd 31st March 2025 The trustees present their report with the financial slatements of the charity for the year ended 31st March 2025 The trustees have adopted the proViOnS of Accountiro and Repofting by Charitiès." Statement of Recommended Practice applicable to chariti"e5 prepaiirig their accounts ir% 8cCQftt3n vAth the Finan¢al Reporting Stsr>dard applicable in the UK and Reputh"c of Irnd (FRS IIY21 (effective 1 January 20191. OBJECTIVES AND ACTNMES Objectives and aims An91ican Con¥ocats"on Europe (ACE) berAme a charitable ino)fporated organisation, registered with the Charity Colnms19ft IEngl8nd and Wales), on 20 June 2022. ACE was establrshI to 8dv8llCé the histotic orthtsdox Anglican Christian faitti in accordance wth ACE'S vssK)n, idenlty. values convictions, primarity within Europe. ThFs includes, bLrt is not restn.cted to, planting and thngthening congregations and ministry 4Jnits who subscribe to the Jerusalem DedaratK)n 2008. and faulitating the ministy of the convocation Blshops. ACE seeks lo be a home for faithful Anglican churches c(rfnmitted to Mak dtsaples of Jesus ChrTSt across EuTOPe. Public benefit The Trustees have regard to thè Charity C(NmnNssion's gubjar on benefft in the di%u&stons and decision m8king, in PaCus3r the Spec# gu)Jar on thares for the advamentOf r8ligKtrn. ACHIEVEMENT ANO PERFORMANCE Charltable advltlos During the year. most of the for ACE was grft ty member o)rrfJregatIo and rFunisty uniis, together w¢th Some indNidual dOn8rts. ACE gffted £24.000 to gI{Can Netsvork in Europe. lowards the mlnisty (x)sts of the provinaal and diocesan bishop. One fvrther gift of £3,000 was made during the ye8lto Arthor Angltcan ChL¢rch Fowey. Membership Four churches were the fourIng of ACE ts) Junè 2022. DurirKJ the last 12 months. the number of churches and ministy units irKreased from 10 to 14. Our membership now ccfflsists of the fd1ovng thLtr¢hes or ministry units". SCOTLAND." St Si18s, Glasg¢yrt" Sl Thomas.. Edinburgh.. Weslhdl Communty Chtjrch. Aberdeen". Greenwood, Ardnamurchan. WALES: Wellspring Anglitxn. kngte: All S8Énts, Cokw Bay.. Fdlcywship 345. Abery51wyth., The Church of the Liv£ng Hope MÉWord Haven. ENGLAND.. Anchor Church. Fo. welk Church. LeySaThl: Tr Way Church. Bolton". Christ Church, Exmouth. St Thomas., Cambridge. IRELAND.. Christ Church. North Dublin; Immanuet ChLwch, DEn.. Iranban (knpel Church. Du1n. FRANCE.. King's Communty Churth. Po¢iou Chante GERMANY". Imm8nuel Church. MoncheThJladbach.' chrtusgeInde, MarkkleetJ8ry. PORTUGAL.. All Saints. Lagoa,. Christ The Kg. Alm8n¢tl. NETHERLANDS.. Via AryJliran. Amsterdam. The are several other chufctrRs and rninty unrts CLFrrenUy making erkqtsiries about the possibilty of membetship of ACE. FINANCIAL REVIEW Financial position During the year, the made 8 net irm of£11.480. At the year end the charity had the followng on thè balance sheet Current Assets of £27.499 Current Labilthes of £1,390 Nel Assets of £26.109, all ofvthich are Én fomi of unreStle funds. P*Je 1
Angllcan Convocation Europe Report of the Tn for the Year Ended 31st March 2025 FINANCIAL REVIEW Reserves policy ReseThes held by Charity are rewewed and disLSSed by the trLLStees 8t m*tings held during the year. The charity's aim is to hold a minimum of £10.000 in reserves. equal to approximately 3 monlh's operating costs. Al 31 March 2025 the chaty had free reserves of£26,109 STRUCTURE. GOVERNANCE AhlD MANAGEMENT Goveming document The charity is controlled by Fts goveming dO(yJmL a consbtution for 8 charitsble incorwraled orgafiisation (CIO) using the Assoualion model. Recrultment and app0lntnrt of new tmstees Trustees are appointed for a lemi of 3 years (renewable for one further temil, by the deCiSn of the members al the Annual General Meeting. The Trustees have the power to fill any vacanaes or C(p1 up lo additional trustees in order lo brlng addilional skilL%. Any V8nCle$ may be filled. The trustees are recruited froffl repreSenLEVeS of congregations and minislry unils. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Charlty number 1199381 Principal Oddress Office 4 20 LOshthIel Street Fowey Comwall PL23 1 BE Trustees Rt Rev A J Lines Rev M Ayers D Miller Bogie Rev P de Grey-warter Rev D Mccarthy (resigned 6.12.24) Ms P Elias Ms D E Kel {resigned 8.1.25) Independent Examiner James Hodgsons FCA BA (Honsl Hodgsons Chartered Accountants 48 Arwenack Street Falmouth Comwall TR113JH 10104r2025 Appro¥ed by order of the board of fnjstees on ............................................. and signed on its behalf by.. Rl Rev A J Lines- TrFJStee Page 2
Independent Examlnerfs Report to Trustees of Anglican Convocation Europe Independent examsnerfs report to the trustees of Angll¢an Conv¢)cati4)n Europe l Teport to the charity trustees on my examinalion of the aCunts of Anglican Convocation Europe (the Tnjsll for the year ended 31st March 2025. Responsibilities and basis ol report As the charity trustees of the TTUSI you are respOnSe for the preparatton of the accounts in accordance with the requirements of the charib.es Act 2011 {Ihe Art). I report in respect of my exafflination of the Trust's a¢Unts carried out under Section 145 of the Act and in carying out my exarnination I have followed all appIlb Direcilo given by the Charity Commission undef Section 145{5)(bl of the Act. Independent examinerf5 Statement I have completed my examination. l (x)nfirm that rH) material rnatters have (x)me lo my attention in connectio with the examination giwng me cause to believe that in any material respect.. accounting records were not kept in respect of the Tfust as required by Section 130 of the ACL. or Ihe accounts do r¢ot accord wth those records.. or the accounts do not comply with the applicable requirements conwTting the fomi and wntent of accounts set out in the Charities (Accnunts and Reports) Regulations 2008 other than any requirement that the acix)unts give a true arKS fair view whtch is not a matter considered as part of an independent examinalton. I have no concems and have )me a¢$S no othw matters in connection vrith the examination to which attention should be drawn in thss report in order to enable a proper understanding of the accounts to be reached. James Hodgsons FCA BA (Honsl Hodgsons Chartered Accountants 48 Arwenack Street Falmouth Cornwall TR113JH Date-. Page 3
Anglican Convocation Europe Statement of Flnanclal Activlties for the Year Ended 31st March 2025 31.3.25 Total ftinds 31.3.24 Total funds Unrestiicted Restrict& fijnd fund INCOME AND ENDOVIMENTS FROM Donations and legacies 70,673 70.673 51,598 Investnient income Other income 125 125 30 Total 70. 70.798 51.628 EXPENDITURE ON Charitable a¢tt¥ities Inteal expenses Ckjvernance costs Giving to olheFS 55.288 1,030 41,558 878 2,400 1.030 3.000 Totsl YJ.318 59.318 44.836 NEf INCOME 11,480 6,792 RECONCILIATION OF FUNDS Totsl lunds brought forward 14.629 14.629 7.837 TOTAL FUNDS CARRIED FORWARD 26.109 26,109 14.629 CONTINUING OPERATIONS All income and expenditure has arisen conlintsing acthibes. The noles fomi part ofthese financtal statements Page 4
Anglican Convocation Europe Statement of Financial Position 31st March 2025 31.3.25 Total funds 31.3.24 Totsl funds Unresthcted ReStrici1 fund fund Notes CURRENT ASss C85h at bank 27,499 27.499 15,864 CREDITORS Amounts falling due within one year 12 {1,390) {1,390> {1.235} NET CURRENT ASSETS 26.109 26,109 14.629 TOTAL ASSETS LESS CURRENT LIABILITIES 26.109 26,109 14.629 NEf ASSErs 26,109 26.109 14,629 FUNDS Unrestricted funds 13 26.109 14.629 TOTAL FUNDS 26,109 14.629 The financial statements were approved by the Board of Twstees and 8Uthorised for issue on 1fj194R.Q.7&............... and were sig11 on its behaw by: D Miller Bogie - Trustee The notes fomi part of these financial staterTFents Page 5
Notes to Ihe Financial Ststements for the Year Ended 31st March 2025 INFORMATION Anglican Convocation Europe is a charity gIster8d in England and Wales. The charity is Structured as 8 charitsble incorporation organisation. The charitys registered number is 1199381 and the gistered office address is Office 4. 20 Lostivithid StreeL Fowey. PL23 1BE. The psentatiOn currency of the tharity is Pijund Sterling. Mone amounts in the fancIal ststements are rounded to the nearest P(wJnd {£). The finanual sLments cover an indN¥Jual entity. ACCOUNTING POLICIES Basls of preparfng the financlal statements The financial statements of Ihe charity, whÉch is a putjic benefrt entity under FRS 102. have been prepared in accordance the Charities SORP IFRS 102} 'Accounting and ReportTng by Charities". Slalement of Recommended Prac11 applicable lo charities preparing their accounts in accordance wlh the Financtal Repoitng Slandafd appliCae in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019),. Financial Rewb'ng Stsndard 102 The Financ5al Reporting Stsndard applicable in the UK and Reput]C of Ireland, and the Chai¢Eies Act 2011. The finanual statements have been prepared under the historical cost convention. Going COnM The truslees have re¥wed the financial pjsition of the charity and wnsIded funding requirnents for 12 months from fhe date of approval of the financFal statements. The trustees have conduded thal there are no matertal UnrtaInlieS in relalion to going concem and have ac£ordingly prepared the financial statements undef the concem basis of aco)untirvJ. Incorne l income is recognrsed in Ihe Ststement of Financial Actsvithes On the charity has entiuement to the funds, tt is probable Ihat the income will be r1ved and the amount can be measured reliably. Expenditurè Liabilities are recognised as expenditure as soon as there ts a legal or constructive obligation Comfnitting the charity to that expenditu. il is probable that a transfer of economic benefits will bè required in seWement and the amount ol the obligation can be measured reliably. Experiditure is accounted for on an accwals basis and has been dasSifd Ter headings that aggregate all cost related to the category. Where costs cannot be directly attributed lo paitiojlar headings they have been allocated to acteS on a basis consistent Trmth the use of resources. Taxatlon The chaiity is exempt from lax i)n its chafitable actNities. Fund accounting Unrestricted fvnds can be used in acwrdance wilh the charilabte objectNes at the disixdion of the trustees. Restricted funds can only be used for particular resth.cted pu¥rM)ses wthin the objects of the charity. Restriction5 arise when specified by the dorv)r or when funds are faised for particular restricted purposes. Further explanalion of the nature and purpose of each fijnd is induded in the notes to the financial ststements. Hlre purchase and leaslng commitmènts Rentsls paid under operating leases are charged to the Statement of Finan(ial Activities on a str8ight line basts over the period of the lease. Page 6 continued...
Anglican Convocatlon Europe Notes to the Financial Statements - continued for Year Ended 31st March 2025 ACCOUNTING POLICIES - continued Pension costs and other pOStlreefit beneffts The charty opefates a defined (xjnlribution pension scheme. C(mtr*bubons payable to the charity's pension scheme are charged to the Statement of Financial ACtiVrt in the perirA4 to which they relate. Financlal Instyuments The chaiity has cts)sen to adopt the Sections 118rKI 12 of FRS 102 in respect of financial instruments. lil Finanaal assets Basic financFal assets. Including ifade and other f1Vae5. $h and bank balances are initially recognised at transaGtiori pfj, unless the arrangement (xStituteS a financing transaction. where the transaction is measured at the present value of future receipts. discounted at a market rale of interest. (li} Finanoal liabilities Basic finanoal liabiles. induding trade and other payables are initially recc¥Jnised at transaction pCe. unless the arrangement constitutes a financi transadion. where the debt instrument is measured at the present value of future payments, discounted at a market rate of interest. Debt instruments are subSequty carrd at arnortised cost. using the effectNe interest rato method. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations 70.673 51,598 INVESTMENT INCOME 31.3.25 31.3.24 Depos account interest 125 CHARITABLE ACTMTIES COSTS Direcl Costs (see note 6} Supwrt costs (see note 71 Totals Intemal expenses Governan costs GNing to others 55.288 55,288 1,030 3.000 1,030 58,288 1.030 59.318 Page 7 continued...
Anglican Conv¢)catlon Europe Notes to the Flnancial Statements - conlinued for the Year Ended 31st March 2025 DIRECT COSTS OF CHARffABLE ACMVITIES 31J.25 31.3.24 Staff costs Synod costs Travel costs Insurance Subscriptions Stipend contributions Charitable givtng 16,485 9.950 4A27 276 150 24000 3,000 15.127 2,322 259 426 23,424 2,400 58,288 43.958 SUPPORT COSTS Goveman Governan costs 1.030 Support costs. induded in the above. are as folk)ws: 31.3.25 31.3.24 Total activities Govemance costs Corporation tax penalty Accountancy and legal fees 100 930 878 1.030 878 TRUSTEES. REMUNERATION AND BENEFITS Stipend CAinth'butions of £24.O¢XI were paid to Rt Rev A J Lines during the year as a part payment of satary12024.. £23.424). The weie no other twstee's remunerati or benefits for the year ended 31st Mard) 2025. Trustees. expenses There We no tfuslees. expenses paid for Ihe year ended 31st March 2025 for the year ended 31st March 2024. STAFF COSTS 31.3.25 31.3.24 Wages and salaries Social security costs Ofher pension costs 14.991 801 693 13,860 657 610 16.485 15,127 The average monthty number of employees during Ihe year was as follows.. 31.3.2S 31.3.24 AdministratKm Page 8 continued...
Notes to the Financlal Statements- contlnued for the Year Endod 31st March 2025 STAFF COSTS- ¢ontinued No empk)yees reved ernolument5 in excess of£60.CI)O. 10. COMPARATIVES FOR THE STATEMENT OF RNANCIAL ACTivmES Unrestricted Restricted fund fijnd Total fLEnds INCOME AND ENDOMIENTS FROM Oonations and legacies 51,598 51,598 other ino)me Total 51,628 51,628 EXPEND¥WRE ON Charitable actwities Inlemal expenses Govemance costs Giwng to others 41.558 878 2,400 41,558 878 2.400 Total 44,836 NET INCOME 6,792 6,792 RECONCILIATION OF FUNDS Total funds brought forward 7,837 7,837 TOTAL FUNDS CARRIED FORWARD 14,629 14,629 11. INDEPENDENT EXAMINER'S FEES The amounts payable lo the independent examiner for the perirNJ are as fdlows.. Independent examination Accountancy services £180 Page 9 )ntinued..
Anglican Convocatton Euro Notes to the Financial Statemefts - continued for the Year Ended 31$t March 2025 12. cREDoRS. AMouKfs FALLING DUE IrHIN ONE YEAR 31.3.25 31.3.24 Social sewnty and other taxes Accrued expenses 521 714 1.390 1,235 13. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestrlcted funds General fund 14.629 11.480 26.109 TOTAL FUNDS 14,629 11.480 26.109 Net movement in funds, induded N) Ihe alxsve are as folkA¥s: Incoming Resources Movement in funds Unrestricted funds General fund 70.798 159.318) 11.480 TOTAL FUNDS 70.798 159.318) 11.480 Comparatives lor Movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 7,837 6.792 14,629 TOTAL FUNDS 7,837 6.792 14,629 Comparative net movement in funds. induded in the above are as follcA¥s'. Intsynfftg resources Resources expended Movement in furlds Unrestricted funds General fund 51,628 144,8361 6,792 TOTAL FUNDS 51.628 144,836) 6,792 Page 10 cthtinued...
Anglican Convocation Europe. Notss to the Flnanclal Statements - Continued ft>r the Year Ended 31st March 2025 13. MOVEMENT IN FUNDS - continued A current year 12 month5 and prlor year 12 mtjths combined position ts as fo51ows'. Net movement in funds At 31.3.25 At 1.4.23 Unrestricted fund5 General fund 7.837 18,272 26,109 TOTAL FUNDS 7.837 18,272 26,109 A current year 12 rnonths and prior year 12 nYJnths combined net ffmwement in furmls, induded in the above are as follows.. Incoming Re50urGes resources expended Movement in ftjnds Unrestrfcted funds General fund 122.426 (104.154} 18.272 TOTAL FUNDS 122,426 (104.1541 18.272 14. RELATED PARTY DISCLOSURES Olher than the stipend contributh)n referred to in nofe 8. Ihere were no related party transactions for the year ended 31st Marth 2024. Page11