REGISTERED CHARtrY NUMBER: 1199381 Unaudited Financial Statements An lican Convocat•on Euro HgSOnS Chartered ActcMJntants 48 Aswenack Street FaIM1th Comwall TR11 3JH
A Ilcan Convocatlon Euro Contents of the Financial Statements Mar Page Report ofthe Trustees 1 to 3 Indopondfrnt Examlnorfs R•port stst•m•nt of Flnan¢bal A¢tlvlll•s Statoment of Financial Position Notes to the Flnanclal statem18 7 to 12 Detaid Statsmonl of Financial Actlvitl 13
An Ilcan Convocatlon Eu Re ort of the Trustees for the Year Ended 31st March 2026 The trustees present their report Ythh the financAal statements of the charity for the year ended 31st March 2026. The trustees have adopted the provisions of Aw)unting and Reporbng by Charities= Statement of Recommended PraCte aprAicable to charilies preparing their accounts in accordan wth the Finanaal Reporting Standard app4icai4e in the UK and RepuL4ic of Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTivmES Objective5 and aims Anglican Convo¢alion Europe IACEI became a ¢hantabl8 incorporated organisatson, registered with th8 Charity Commi&8ion (England and Wales), on 20 June 2022. ACE was estatAished to advance the historic orthodox Anglican Christian faiih in accordance witti ACE'S vision, identty, values and convictions, primarily within Europe. This Indudes. but is not reslncted to. FAanling ar strengthening congregabons and ministry units who subsrxibe to thè Jerusalèm Dedaration 2008. and facilitating thè ministy of th8 convocation Bishops. ACE seeks lo be a hoTh for failhfvl Anolican thurthes C{milted lo makirE disciples of Jesus Christ across Europe. Publ1¢ bènè The trustees have regard to the Charity Ccffi)mission's guidance on putr nefit in the discussions and decision making, in particular the specffic guJance cffl charities for Ihe adVaMent of religion. ACHIEVEMENTS AND PERFORMANCE Charltsbk a¢tivltl¥$ During the year, most of tho income for ACE was grflgd by ftber congregations and ministry unils. togelhgr with some individual donats'ons. We also received a reslricted donation of £10,OCK). and grfts 01 £2,000 from the Anglican Network in Europe. ACE gifted £19,836 to Anglican NehYorf¢ in Euro. tchvards the ministy ethts of thè provincial and a fiJrther £19,368 toward the diocesan bishop's remuneration. Further gffts We made during the year lotalling £6,550 to Anchor Anglican Church. Fowey. M•mrshIP Four churchgs w8r8 the founding members of ACE in Jun8 2022. OurirKJ th8 last 12 months, tha numb8r of churches and ministry units increage(J from 14 to 25. Our membership now wnsists of the following churches or ministry units: SCOTLAND.. St Silas, Glasgow., St Thomas.. Edinburgh.. Westhill Cornmunity Church, Aberdeen,. The Way of the Beloved, Ardn8murchan'. East 85g0W Church. WALES.. Wellspring Anglican, Angle; AJI Saints, Bay; Fellowship 345. Ary$,. The Church of the Living Hope, Milford Haven. ENGLAND.. Anchor Church, Fowey,. Weltfiel(J Church. Leyland.. Christ Church. Exmoulh; Sl Thomas,, cambrge.. The Bam. Rockferry. IRELAND.. Chrisl Church, North DutrAin,' Immanuel Church. DuÈ4in- Iranian Gospel Church. Dublin. FRANCE.. King's Communty Church, Poitou Charente GERMANY.. Immanugl Chur¢h, Mon¢hengladbath". Christusgemoind8. Markkleetrg. PORTUGAL.. 1 Saints, Lagoa,. Christ The King, Ajmanal. NETHERLANDS.. Via AngIn, Amsterdam. SPAJN.. La Communidad ArKJicana Evangélica de V4enua; King's Churth. Benissa & Valls. There are several other churches and ministy units (JJThenlJy making enquiries abcKJl the possibilty of membership of ACE. FINANCIAL REVIEW Financial positson During the year. the charity made a nel income of £19.643. At the year end, the charity had the Idlowing on the baan¢e sheet- Current set$ of£47,1371£10.000 restricted) Current Liabilities of £1,385 Nel Assets of £45,7521£10,0(Kl restricted) Page 1
An Ilcan Convocatlon Eu Re ort of the Trustees for the Year Ended 31st Mar¢h 2026 FINANCIAL REVIEW Reserves policy Reserves held by charity 8re reviewed and dis¢LL5sed by the Irustees 8t rn8eb.ngs hekl during the year. The charity's aim is to hdd a minimum of £10,000 in resetves. equal to approximaldy 3 months. operating Cost At 31 March 2026 the charity had unrestricted fuThts of £35.752 ar)d Stricted funds of £10,000. FUTURE PLANS Following meetings with the b15hops of Ans4ican Nelwork in Eur(ye and parb"cipats"on in the gk)b81 G26 Conference in Abuja, it is likely that the AnThn Netsvoth in Europe IANIEI will grow in the coming years with Fllore dioceses. ANIE is likely to adopt a new name of the Anglican Church of Europe. Adopting a similar auonym lo ACE is promptsng rewnsiderat of our own name which needs lo replace Convocation with the reality of being a Diocese and lulufe prwfiThJ againsl the eStaNiShnt of diSe$ in fomation within ACE. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document Tha charity is controld by its goveming documenl. a (*)nstilution for 8 charitsNe in(xJrporatgd organis81ion ICIOI using the Associats'on model. Recru5tment and appointment of new trustees Trustees are appointed for a term of 3 years Irenewat4e for one furlher term), by the decAsion of the members 8t the Annual Gtsneral Mtseling. The Trustees have the power to fill any v8c8nues or Clp1 up lo tw¢ additional trusiees in order to bring addil'onal skims. Any vacancies may be filled. Thg Trustees are recruited from representatives ol congregations and minislry units. REFERENCE ANO ADMINISTRATIVE DETAILS R•glst•r8d Charlty nUMr 1199381 Prlnclpal address i)ffice 4 20 Lostwithiel Street Fowey Comwall PL23 18E Tru$t••s Rt Rev A J Lines Rev M Ayers Iresigned 1.9.251 D Miller Bogie Rev P (Je Grey-warter (resigr 6.6.251 Ms P Elias Rev C Jones {appoinled 6.6.251 Rev M Simpson (appointed 6.6.25 Rev A P Bookless (appointed 6.6.25} A MacKenLe lappoinled 6.6.251 Mrs S J Jones (appointed 1.9.25 Ind8p•nd•nt Examln•r James HcKJgsons FCA BA (Honsl HodgsDns Chartered Ac(L>untsn15 48 Alwenack Street Falmouth Comwall TR113JH Page 2
An lican Convocatlon Euro Re rt of the Trustees f¢r the Year Ended 31st March 2026 2610512026 Approved by order of the board of trustees on ............................................. and on tts behalf by.. Rt Rev A J Lines- Trustee Page 3
Ind•Hnthnt Examlnerfs Repo.rt_to the T_n1 of .Afican_Co.ntocalton Ewope Indèpèndènt tyxaminerfs report to the truste ofAngllcan Convocatlon Europe I report to the charity tnjstees on my examin8b.on of thè 8rywnts of Anglican Convocation Europe {th8 Trnst} forthe year ended 31sl March 2026. Re¥ponslbilltles and basls of r•port As the charty trustees of the Tt you are rèsponslblè fty tho prep8rikn of th8 accounts in aco)rdance th Ihe r8quirernent$ of the Charities Act 2011 Ilha Acfl. I rex in re•peGt of my examknallon of the Tmsfs ac¢ounts Gal1 s)ut undef SeLIKJn 14fJ of the AGI ar)(J in ¢aryng out my examination I ve fdby•md all wtkblè DIre¢ak gNen by the Chaiity Commiss¥)n urwjor Section 1451Sllbl of the Act. Ind•portd•nt oxamlnefs st•t•m•nt I havc MPl¢tOd my oxomination. l e4nfim that nty material mattera hjvgs wme to my attenlon In cL•nn•GUon vAth th& &xamln8tion giving me cause lo believè that in any mtsiol r¢sp8¢t'. ac£ounting records were Th)1 k8Pt In f85ped ofthe Trust as by So(knn 130 of lh8 Act., or th8 aco)unts do not acccrfd wlh rerrnls.. or lh8 accounts do not compty the applicabl8 r•iLtirom8nts concmkn9 tho l¢xm an4J witant of accounts set o(rt in the Charitses (Acc4Junts and ReFKJrtsl RUlat)n$ 2(M18 oth•r Ihan any Tequlrement that the 8¢cwnts glvo a true and falr vlvw vthkh L8 Th)t a mattèr LnsOdotsY 8$ Part of •n Independ8nt 8xamln8tion. I h8vo nts concérns and have o)m8 a¢rctss N) t)Il¥Jr mmltars th rmn8CtkJn wth lh8 8xaMinat1n lo 4¢h ttenthjn shoukl b8 drawn In Ihl$ rerort in ryder to ena6 a proper und8rst8tvJin9 of th8 oco)unl8 to bè reached. James Hodgson$ FCA BA Hodgsons Chartered Accnton 48 Arwenack Street Falmoulh Comwall TR113JH Date.. Page 4
An Ilcan Convocatlon Eur ststement of Financial Activities rEn 2026 Total fvndts 2025 Total funds Unreslricled fu Resiricted fvnds Notes INCOME AND ENDOWMENTS FROM Donab"ons and legacies 100,713 11.000 111,713 70,673 Investment inLx)me 393 393 12S Totsl 101,106 11.000 112,106 70.798 EXPENDrruRE ON Charltabl• actlvltl•$ Inlemal expenses Govemance costs Giving lo othèrs 83.333 1.765 84.289 1.765 6,600 55,288 1.030 3,QiyJ Total 91.698 956 92.654 59.318 NET INCOME Transfor8 b&twoen lunds 10.044 19.452 11,480 14 Net mov•m•nt In funds 9,452 10,000 19.452 11,480 RECONCILIATION OF FUNDS Total funds brought forward 26.109 26.109 14,629 TOTAL FUNDS CARRIED FORWARD 35,581 10,000 45.561 26,109 CONTINUING OPERATIONS All income and expenditure has arisen from CA)nlinuing ath"wbes. The notes f¢ym p8rt ofthese fin8nryg statements Page 5
An Ilcan Convocatlon Eur Statement of Financial Position 2026 Total fund$ 2025 Total funds Unreslricled fu Restricied funds Notes CURRENT ASSETS Debtors Cash at bank 12 5,330 31,807 5,330 41,807 10.000 27,499 37.137 10.000 47.137 27,499 CREDITORS AmoLJnts falling due vAlhin one year 13 11,5761 11,5761 11,3901 NET CURRENT ASSETS 35.561 10.000 45,561 26,109 TOTAL ASSETS LESS CURRENT UABIUTIES 35,561 10.000 4S,561 26,109 NET ASSETS 35,561 10.000 45,561 26,109 FUNDS Unrestricted lunds Restricted funds.. Cara Rodger Fund 14 35.561 26.109 10.000 TOTAL FUNDS 45,561 26,109 The financial statements were approved by the Boarf of Trustges and authSed for issue on 26ffj512026............................ and were signed on lis behaw by.. D Miller Bogie- Trustee The notes form p8rt ofthese stslements Page 6
An Ilcan Convocatlon Eur Notes to the Financial Statements for the Year Ended 31st March 2026 INFORMATION Anglican ConvocAtK)n Europe is a tharity regisiered in England and Wales. The charity is structured as a tharilat4e incorporated organisation. The charitys registered number is 1199381 and the registered office add$$ is Office 4, 20 Lost%wthd Street. Fowey. PL23 18E. The pSentatIOn currency of the tharity 15 PourKI Sterfing. Monetary amounts in the financial statémènts arè round to thè nearest P¢xJnd {£1. The financh31 ststernents cover an indiwdual entity. ACCOUNTING POLICIES Basis of preparing the financial statsmenls The financial statements ol the chanty. whith 15 a puL4ic beneffit entity under FRS 102. have been prepared in accordancè with the Charitiès SORP IFRS 1021 'Acc¢xJnting and Reporting by Charities.. Statement of Recommended Practsce apF4utle to charitses preparing their aco)unts in accordance th the Fin8nci81 Reporbng Standard aptAicai4e in the UK and RepuL4ic of Ireland IFRS 1021 leffe¢tive 1 January 20191.. Finanual Reporting Stsndard 102 'The Financial Reporting Standard applicat4e in the UK and Reputlic of Ireland. and ihe Charities Act 2011. The financial statements have b&&n prepared unller the hisltsricd cost convenb"on. Going concem The trusiees have eWed the financaal KA)silion ol the charity and consi¢Jered fundlng requiremen18 for 12 months from the date of approval of the financial statements. The truslees have concluded that there are no material uncertainties in relation lo going concEm and have accordingly prepared the finandal slaiemenls under going crffi¢%m basis of ac(xJunbng. In¢om• All income is recognised in the Statement of Firnal Activities once the chanty has entiijement to th8 funds, il is probable that the income will be received and Ihe amount can be measured reliably. Expondltur• Liabilities a recognised as expendTture as soon as there is a legal or constructive obligation committing the ¢harity to that expendrturg, it is probablè that a transfer of economi¢ benefits wll b8 required in setllement and the amount of the otligab'on can be measured reliat4y. Expenditure is accounted for ffi an 8ccruds basis afKI has been dassified vndeT heading5 that aggregate all cost related lo the category. Where costs cannol dI¢ty attributed lo particular headings they have been allocated lo actiwties on a basis consistent with the use of resources. TaxatSon The charity is exempl from tax on its charitatle activits'e& Fund accounting Unrestrided funds can be used in acLyJrdarKe wth the tharit8L4e objectives at the discretion of th8 tnjstees. Restricted funds can only be used for particular restric purposes within the ¢*jects of the charity. Restrictions arise when specified by the dorM)r or when fijnds are raise(I for partIcar restricied purposes. Further extAanation of the nalure and purt¥)se of eath is indudgd in tho notes to the financial slalemenls. Financial instruments The charrty ha5 thosen lo thpl the Sections 11 arKI 12 of FRS 102 in respect of finan(xal inslrumenls. lil Finanaal assels Page 7 (xjntinued...
An Ilcan Convocatlon Eur Notes to the Financial Statements- continued for the Year Ended 31st March 2026 ACCOUNTING POLICIES- continued Financial instruments Basic financial assets. induding trade and OT re¢eiv8tle5. (>5h 8nd bank bal8n¢%s are ini118lly recognised at transaction price, unless Ihe arrangement constitutes a financing transaction, where the transactK)n is measured at the present value of fLthire receipts, disLX)Lbnted at a market iale of interesL li1} Finanual liabditses Basic financial liabilities, induding trade and other payatAes are initially COgnised al transaction price. unless the arrangement conststules a financing transactK)n. vknere the debt instrument is measured at the present vaue of future payTnents, disoyjnted at a market rate of interest Dgbt instwmgnts arg svbsequenyy Carri al amorlised cost. using the effective interest rate method. DONATIONS AND LEGACIES 2026 2025 Donations 111.713 70.673 INVESTMENT INCOME 2026 2025 Deposit aont interest 393 125 CHARITABLE ACTivmES COSTS Dirgcl Support Costs Isee cnsts Ise8 re 61 note 71 Totals Internal expenses Governance costs Giving lo others 84.289 84,289 1.765 6,600 1.765 6,600 90,889 1.765 92,654 DIRECT COSTS OF CHARrrABLE ACTivmES 2026 2025 Staff cosis Travel costs Insurance SLJbscripts'ons Office costs Stipend contributions Charltable giving Ministry costs Synod expenses 16.326 8.612 289 438 45 25.918 6,600 19.836 12.825 16,485 4,427 276 150 24,000 9.950 90,889 $8,288 Page 8 (xjntinued...
An Ilcan Convocatlon Eur Notes to the Financial Statements- continued for the Year Ended 31st March 2026 SUPPORT COSTS Govemance costs Governance costs 1,765 Support costs, induded in the above. are as fdknws.. 2026 Govemance costs 2025 Totsl activities Corporation lax penalty Accountancy and legal fees 100 930 1.765 1.765 1,030 TRUSTEES. REMUNERATION AND 8ENEFrrs Stipend contributions of £25.918 indudes contribuh"cffls to.. . Angliean N8twort( in Europe of £19.368 lowar(Js RT Rev A J Lines, salary for his time spent on the Charity's activities, - Anchor Anglican Church Fow8y of £6,550 towards Philip de Greywart8rfs salary for his time sp8nt on the charllls advlb.es There werè no olh6r trustèè's r6nwJrbll)n cf benefits for thè yèar ended 31st March 2026. Truitè•8' èxpon* There were no Iruste8s' exnSeS paKJ for the year ended 31st March 2026 nor for the year ended 31st March 2025. Travel costs of £7.465 indude £4.863 InrTed by RT Rev A J Lines whle he was working d1CY for the charity. STAFF COSTS 2026 2025 Wages and saaries 16.326 16.485 16,326 16,485 The average monthfy number of emFknyees during Ihe year was as follows.. 2026 2025 Administration No M0YeSS r8ceiv&l 8m(Aum8nts in exc of £60.(KXI. Page 9 (xjntinued...
An Ilcan Convocatlon Eur Notes to the Financial Statements- continued for the Year Ended 31st March 2026 10. PRIOR YEAR COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestri¢ted Restri¢ted fund funds Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 70.673 70,673 Investrnent income 125 125 Total 70.798 70,798 EXPENDrruRE ON Charitablè activltles Internal expenses Governance costs Giving to othèrs 55,288 1,030 3,000 55,288 1,030 3.000 Total 59,318 59.318 NET INCOME 11,480 11.480 RECONCIUATION OF FUNDS Total funds brought forward 14,629 14,629 TOTAL FUNDS CARRIED FORWARD 26,109 26,109 INDEPENDENT EXAMINER'S FEES The amounts payable to the independent examiner for the period are as fdlows.. Independent examination Accountancy seN1$ £192 £1,008 12. DE8TORS: AMOUNTS FALUNG DUE WITrIN ONE YEAR 2026 2025 Prepayments 5,330 Page 10 continued...
An Ilcan Convocatlon Eur Notes to the Financial Statements- continued for the Year Ended 31st March 2026 13. CREDITORS: AMOUNTS FALUNG DUE WTHIN ONE YEAR 2026 2025 Trade creditors Social secLJrity and other taxes Other creditors Accrued expenses 191 362 63 604 786 1.576 1,390 14. MOVEMENT IN FUNDS Net movement in fuThJs Transfers beeen funds Al 31.3.26 At 1.4.25 Unrostrlctsd funds General fund 26,109 9,408 35,561 Restrlctsd funds Anglican Network in Europe Cara Rodger Fund 10,000 10,000 10,044 441 10,000 TOTAL FUNDS 26,109 19,452 45,581 N9t movgmenl in funds. indudgd in the atove arg as follows.. Incoming Resourees resou expended Movement in funds Unrèstrlct•d funds General fund 101.106 {91.698) 9.408 Restrlcted funds Bishop Sluart Bell Anglican Network in Europe Cara Rodger Fund 400 600 10.000 14001 15561 10.000 1956) 10,044 TOTAL FUNDS 112.106 {92.654) 19,452 Comparatives for movement in lund5 Nèt movement In funds At 31.3.25 Al 1.4.24 Unrestricted funds G6naral fijnd 14,629 11,480 26,109 TOTAL FUNDS 14,629 11,480 26,109 Page11 continued...
An Ilcan Convocatlon Eur Notes to the Financial Statements- continued for the Year Ended 31st March 2026 1 MOVEMENT IN FUNDS- continued Comparative net movemenl in funds, iNJuded in the above are as frAIows: In(xJming resources Resour¢es expended Movtrmenl in funds Unrestricted funds General fund 70,798 159.3181 11,480 TOTAL FUNDS 70,798 159.3181 11.480 Cara Rodger Fund - A grant of £10.000 was donated to Anulican Convocation Europe lo b8 given for two purposes, gifted to individuals who have left historical denominations at great cost or lo set up new church F4anL Bishop Stuart Bell - A dation of £400 lo enatAe dicwes ¢0 send their bishoplsl to the Gafcon G26 Conference camed out from 3rd to 61h March 2026. Anglican Network in Europe - A donalK>n of £600 to top up Bish¢w Stuart's donatlon. lo provide a lolal of £1,000 per diocese for G26. RELATED PARTY DISCLOSURES Ministry costs of £19,836 psen1 contr*AJtions made io Anglican Ne¢worf( in Europe. a charity of which RT Rev A J Lines is a trustee. Page 12