Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Financial Statements
31 December 2025
SD-0222464-1-6
Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees's Report | 2 to 4 |
| Statement of Trustees's Responsibilities | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 20 |
Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Reference and Administrative Details
Trustees
The EFCC Trust Corporation
Charity Registration Number 273454 Principal Office Latimer Congregational Church Grovehill Road Beverley HU17 0JD Independent Examiner Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull HU2 8BA Solicitors Pothecary Witham Weld Solicitors 84 Eccleston Square Pimlico London SW1V 1PX Wrigleys Solicitors LLP 3 Wellington Place Leeds LS1 4AP Bankers Charities Aid Foundation West Malling Kent ME19 4TA
Page 1
Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Trustees's Report
The trustee presents the annual report together with the financial statements of the charity for the year ended 31 December 2025.
The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
Objects and aims
The objects of the charity are to provide and promote fellowship between Evangelical Congregational Churches. The charity operates with volunteers. It is connected to the following charity:
262802 The Evangelical Fellowship of Congregational Churches General Purpose Fund.
1127720 The Evangelical Fellowship of Congregational Churches Trust Corporation Limited.
Training for the ministry of the congregational denomination which may include the payment of grants to persons in need of financial assistance during training with preference being given to persons who are members of churches in membership with an Evangelical Fellowship of Congregational Churches.
The upkeep and repair of the buildings of member churches and the maintenance of services therein. The improvement or extension of the buildings of member churches. The provision or erection of buildings in England and Wales for use for the purposes of congregational churches or as residences for ministers of such churches.
To relieve in cases of need persons who have at any time been ministers of any of the member churches and the wives, widows and other dependents of such persons.
The benefit of the children of ministers of any of the member churches.
To further the religious and other charitable work of member churches and subject thereto for the advancement of religion in England and Wales in accordance with the doctrines and practices of the congregational denomination.
To make grants to member churches to be applied in or towards paying the stipends of ministers of member churches or maintaining the ministry therein and subject thereto in or towards maintaining the ministry in congregational churches in England or Wales.
To provide and maintain land and buildings for use as residences for retired ministers who have at any time been ministers of any of the member churches and the wives and widows of such ministers or in assisting such ministers and the wives and widows of such ministers to obtain residential accommodation by the granting to them of loans or of rent or other hire charges payable by them in respect of such residential accommodation.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
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Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Trustees's Report (continued)
Achievements and performance
During the year the charity continued to support and promote the work of The Evangelical Fellowship of Congregational Churches throughout England and Wales and the financial activities are set out on pages 8 to 20. The charity's income is applied to the support and employment of individuals, the resourcing of activities, grants and donations to third parties and general administrative and property costs. The trustees have considered the Commission's guidance on public benefit and are of the opinion that this is fulfilled by the charity's continued support of establishments for the advancement of religion.
Significantly, the charity is able to make annual welfare payments towards ongoing housing costs to retired ministers and their widows. Many will have laboured for all or much of their working lives on relatively modest stipends in the cause of Christ. It is a privilege to be able to provide funds each year to support their ongoing needs.
The charity's financial position at 31st December 2025 is considered to be satisfactory. The charity's assets are available and adequate to fulfil its obligations.
Financial review
Plans for future periods
The EFCC’s Ministry Director, supported by the EFCC’s Ministry Coordinators and under the direction of the EFCC’s Committee, will continue to identify and encourage appropriate applications under the terms of the Charity’s governing document to the EFCC Trust Board. The EFCC Operations Manager will continue to monitor and review the funds available under each of the objects and will seek in appropriate cases to direct the trustees to the use of specific funds where he considers the criteria are met and funds are available.
Ministers will continue to be circulated in order to identify those on low stipends that would benefit from the charity's help.
Structure, governance and management
Nature of governing document
The charity was registered with the Charity Commission under Reference 273454 and its governing instruction adopted on 26th July 1977 and is structured in accordance with the Trust Corporation Memorandum dated 5th January 1993.
Throughout the year the trust was administered by The Evangelical Fellowship of Congregational Churches Trust Corporation Limited. The power of appointment of new Trustees to the Trust lies with the existing trustees. New trustees are appointed with a view to the board of trustees providing the complementary mix of skills necessary to perform the trustees' function. Trustees are encouraged to obtain training so as to increase their skills, such training being funded by the charity.
The Trustees meet approximately four times a year, together with such further ad-hoc meetings as and when required. All key decisions relating to the running and operation of the charity are made by the Charity's Trustees. Day to day operational decisions relating to the running of the charity are delegated to the Ministry Director, Operations Manager and administration staff.
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Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Trustees's Report (continued)
The responsibility to ensure appropriate management of the charity is vested in the Board of Trustees. To assist the Board in discharging and achieving its responsibilities a General Committee, of which the Chairman and Vice Chairman are trustees, takes responsibility for the pastoral concerns of the member churches, the acceptance of new churches into the membership, support and advice for member churches and the ministers conference.
Risk management
The trustees have conducted a review of the major risks to which the charity is exposed and appropriate systems have been established to mitigate those risks. These include the implementation and monitoring of policies relating to Health and Safety, Internal Financial Controls and Reserves.
In particular internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charity. These procedures are regularly reviewed to ensure that they still meet the needs of the charity.
Reserves Policy
Endowment funds
Endowment funds received are retained as reserves and the income is transferred to unrestricted funds to be used for the benefit of the trust.
Restricted funds
Restricted funds received are retained as reserves and the income generated is used to fulfil the objects of the trust.
Designated funds
These funds have been set aside by the trustees to provide homes for retired ministers.
Unrestricted funds
Reserves are retained to enable future operations to be funded for a period of up to one year, after taking into account anticipated net income for that period.
The annual report was approved by the Board of Trustees on 24 March 2026 and signed on its behalf by:
.........................................
G Evans for and on behalf of The EFCC Trust Corporation Limited Trustee
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Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Statement of Trustees's Responsibilities
The trustees are responsible for preparing the trustees's report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial 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 these financial statements, the trustee is required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
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 enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustee is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the Board of Trustees on 24 March 2026 and signed on its behalf by:
......................................... The EFCC Trust Corporation Trustee
Page 5
Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches Independent Examiner's Report to the trustee of Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
I report to the trustees on my examination of the accounts of Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity trustees of Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Luke Taylor BSc (Hons) FCA Chartered Accountants Regent's Court Princess Street Hull HU2 8BA
24 March 2026
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Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Statement of Financial Activities for the Year Ended 31 December 2025
| Note Income and Endowments from: Donations and legacies Investment income 2 Total Income Expenditure on: Charitable activities Gains/losses on investment assets Net income Gross transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 11 |
Unrestricted funds £ 904 27,743 28,647 (47,865) 23,487 4,269 - 4,269 649,998 654,267 |
Designated funds £ - 28,562 28,562 - 30,000 58,562 (19,672) 38,890 856,286 895,176 |
Restricted funds £ - 48,169 48,169 (39,642) 36,311 44,838 19,672 64,510 609,474 673,984 |
Endowment funds £ - - - - 81,426 81,426 - 81,426 807,554 888,980 |
Total 2025 £ 904 104,474 105,378 (87,507) 171,224 189,095 - 189,095 2,923,312 3,112,407 |
Total 2024 £ 20,944 100,823 |
|---|---|---|---|---|---|---|
| 121,767 (67,983) 15,544 |
||||||
| 69,328 - |
||||||
| 69,328 2,853,984 |
||||||
| 2,923,312 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 11.
The notes on pages 9 to 20 form an integral part of these financial statements. Page 7
Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
(Registration number: 273454) Balance Sheet as at 31 December 2025
| Note Fixed assets Tangible assets 7 Investments 8 Current assets Debtors 9 Cash at bank and in hand Creditors: Amounts falling due within one year 10 Net current assets Net assets Funds of the charity: Endowment funds Restricted income funds Restricted funds 11 Unrestricted income funds General funds Designated funds Total unrestricted funds Total funds 11 |
2025 £ 235,085 2,416,163 2,651,248 286,707 190,521 477,228 (16,069) 461,159 3,112,407 888,980 673,984 654,267 895,176 1,549,443 3,112,407 |
2024 £ 205,085 2,244,939 |
|---|---|---|
| 2,450,024 | ||
| 281,768 205,893 |
||
| 487,661 (14,373) |
||
| 473,288 | ||
| 2,923,312 | ||
| 807,554 | ||
| 609,474 649,998 856,286 |
||
| 1,506,284 | ||
| 2,923,312 |
The financial statements on pages 7 to 20 were approved by the Board of Trustees, and authorised for issue on 24 March 2026 and signed on behalf by:
.........................................
G Evans for and on behalf of The EFCC Trust Corporation
The notes on pages 9 to 20 form an integral part of these financial statements. Page 8
Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Notes to the Financial Statements for the Year Ended 31 December 2025
1 Accounting policies
The financial statements of the charity have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.
Basis of preparation
The charity meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees considered the level of funds held and the expected level of income and expenditure for 12 months from authorising the financial statements.The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
Income and endowments
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are accounted for on an accruals basis and allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is exempt from tax on charitable activities.
Tangible fixed assets
Tangible fixed assets are capitalised and included at cost including any incidntal expenses of acquisition. Expenditure of a capital nature is capitalised when the amount expended per item is over £500.
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Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Depreciation and amortisation
Asset class
Freehold properties
Long leasehold
Depreciation method and rate
The freehold and leasehold properties are maintained in a state of repair such that their estimated remaining economic life is expected to exceed 50 years and on this basis depreciation is not charged. Over the period of the lease.
Fixed Assets - Consecrated Land and Buildings
Consecrated and beneficed property is excluded from the financial states by s10(2)(a) and (c) of the Charities Act 2011.
All expenditure incurred during the year on consecrated or beneficed buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities.
Investment properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Trade debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Endowment funds are funds that were donated to the charity at its inception. They are retained as reserves and the income is transferred to unrestricted funds to be used for the benefit of the charity.
2 Investment income
| 2 Investment income |
||
|---|---|---|
| Investment income Income from rents |
Total 2025 £ 75,912 28,562 104,474 |
Total 2024 £ 73,242 27,581 |
| 100,823 |
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Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
3 Expenditure on charitable activities
| Ministerial training and church support Homes for Retired ministers General purpose Welfare Church extension Education |
Activity undertaken directly £ - 33,181 45,592 960 - - 79,733 |
Activity support costs £ 2,109 1,557 2,273 722 1,028 85 7,774 |
2025 £ 2,109 34,738 47,865 1,682 1,028 85 87,507 |
2024 £ 2,080 30,328 33,064 1,520 909 82 |
|---|---|---|---|---|
| 67,983 |
Included in General Purpose is one grant paid to Bulford (institution) of £9,000 (2024: NIL) to support its ministry.
4 Trustees remuneration and expenses
The trustees being the EFCC Trust Corporation Limited cannot receive remuneration from the charity. However during the year, 1 trustee of the corporate trustee received pension payments totalling £360 (2024: 2 trustees £540).
Trustees' expenses
There were no trustees' expenses paid for the year end 31st December 2025 nor for the year ended 31st December 2024.
5 Independent examiner's remuneration
| 5 Independent examiner's remuneration |
||
|---|---|---|
| Other fees to examiners The examining of accounts of any associate of the charity All other services |
2025 £ 1,284 6,490 7,774 |
2024 £ 983 6,411 |
| 7,394 |
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Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
6 Comparative SOFA
| Note Unrestricted funds £ Designated funds £ Income and Endowments from: Donations and legacies 20,944 - Investment income 2 26,700 27,581 Total income 47,644 27,581 Expenditure on: Charitable activities (33,064) - Gains/losses on investment assets 4,506 - Net income 19,086 27,581 Gross transfers between funds (33,683) 18,000 Net movement in funds (14,597) 45,581 Reconciliation of funds Total funds brought forward 664,595 810,705 Total funds carried forward 11 649,998 856,286 |
Restricted funds £ Endowment funds £ - - 46,542 - 46,542 - (34,919) - 8,666 2,372 20,289 2,372 15,683 - 35,972 2,372 573,502 805,182 609,474 807,554 |
Total 2024 £ 20,944 100,823 |
|---|---|---|
| 121,767 (67,983) 15,544 |
||
| 69,328 - |
||
| 69,328 2,853,984 |
||
| 2,923,312 |
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Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
7 Tangible fixed assets
| Cost At 1 January 2025 Additions At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024 |
Freehold property £ 143,038 - 143,038 143,038 143,038 |
Leasehold property £ 62,047 30,000 92,047 92,047 62,047 |
Total £ 205,085 30,000 |
|---|---|---|---|
| 235,085 | |||
| 235,085 | |||
| 205,085 |
8 Fixed asset investments
| Investment properties Cost or Valuation At 1 January 2025 Revaluation At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024 |
£ 630,000 30,000 |
|---|---|
| 660,000 | |
| 660,000 | |
| 630,000 |
The trustees confirm that to the best of their knowledge and having taken appropriate professional advice that the valuations above are consistent with the fair value of the properties at 31 December 2025.
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Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Other investments
| Cost or Valuation At 1 January 2025 Revaluation At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024 Analysis of investments: UK Equity & Equity Fund Global Equities & Equities Funds Multi Asset Funds Direct Property & Property Funds Fixed Interest & Fixed Interest Funds Other Assets Total Cash Investments exceeding 5% of market value of portfolio: Conbrio FN PTN Ltd CFP Castlefield Real Return Conbrio FD PTN Ltd Castlefield Best Sust Income Gen M&G Equities Funds for Charities (Charifund) Sterling Income First Sentier Inv SI Wldwide Sust B GBP Dis CFP Castlefield FD CFP Castlefield Thoughtful European Fund Sarasin Funds ICVC Sarasin Responsible Global Equity TM Castlefield Thoughtful Growth Portfolio Fund C Income TM Castlefield Risk Managed Fund G Income |
2025 £ 449,936 - 1,148,501 - - 153,653 4,073 1,756,163 2025 £ - - 695,648 - - - 1,148,501 135,402 |
Listed investments £ 1,614,939 141,224 |
|---|---|---|
| 1,756,163 | ||
| 1,756,163 | ||
| 1,614,939 | ||
| 2024 £ 729,801 401,474 210,126 34,785 38,401 199,055 1,297 |
||
| 1,614,939 | ||
| 2024 £ 120,427 210,126 592,908 86,224 85,672 125,164 - - |
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Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
9 Debtors
| 9 Debtors |
||
|---|---|---|
| Investments made by EFCC Trust Corporation EFCC Trust Corporation 10 Creditors: amounts falling due within one year EFCC General Purposes Fund |
2025 £ 271,885 14,822 286,707 2025 £ 16,069 |
2024 £ 271,885 9,883 |
| 281,768 | ||
| 2024 £ 14,373 |
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Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
11 Funds
| Unrestricted funds General General funds Designated Homes for retired Ministers Total unrestricted funds Restricted funds Ministerial training Church extension Welfare Educational Homes for retired Ministers Total restricted funds Endowment funds Permanent Ministerial training Church extension Welfare |
Balance at 1 January 2025 £ 649,998 856,286 1,506,284 353,724 101,962 146,437 7,351 - 609,474 5,310 198,507 36,799 |
Incoming resources £ 28,647 28,562 57,209 10,613 15,528 6,501 489 15,038 48,169 - - - Page 17 |
Resources expended £ (47,865) - (47,865) (2,109) (1,028) (1,682) (85) (34,738) (39,642) - - - |
Transfers £ - (19,672) (19,672) - - - - 19,672 19,672 - - - |
Other recognised gains/(losses) £ 23,487 30,000 53,487 20,266 6,832 9,161 24 28 36,311 535 20,019 3,712 |
Balance at 31 December 2025 £ 654,267 895,176 |
|---|---|---|---|---|---|---|
| 1,549,443 | ||||||
| 382,494 123,294 160,417 7,779 - |
||||||
| 673,984 | ||||||
| 5,845 218,526 40,511 |
Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
| Educational General purpose Maintenance of the Ministry Homes for retired Ministers Total funds Unrestricted funds General General funds Designated Homes for retired Ministers Total unrestricted funds |
Balance at 1 January 2025 £ 8,829 262,180 37,218 258,711 807,554 2,923,312 Balance at 1 January 2024 £ 664,595 810,705 1,475,300 |
Incoming resources £ - - - - - 105,378 Incoming resources £ 47,644 27,581 75,225 |
Resources expended £ - - - - - (87,507) Resources expended £ (33,064) - (33,064) |
Transfers £ - - - - - - Transfers £ (33,683) 18,000 (15,683) |
Other recognised gains/(losses) £ 891 26,439 3,754 26,076 81,426 171,224 Other recognised gains/(losses) £ 4,506 - 4,506 |
Balance at 31 December 2025 £ 9,720 288,619 40,972 284,787 |
|---|---|---|---|---|---|---|
| 888,980 | ||||||
| 3,112,407 | ||||||
| Balance at 31 December 2024 £ 649,998 856,286 |
||||||
| 1,506,284 |
Page 18
Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
| Restricted Ministerial training Church extension Welfare Educational Homes for retired Ministers Total restricted funds Endowment funds Permanent Ministerial training Church extension Welfare Educational General purpose Maintenance of the Ministry Homes for retired Ministers Total funds |
Balance at 1 January 2024 £ 339,831 86,501 139,984 6,959 227 573,502 5,295 197,923 36,690 8,803 261,409 37,108 257,954 805,182 2,853,984 |
Incoming resources £ 10,172 15,255 6,232 469 14,414 46,542 - - - - - - - - 121,767 |
Resources expended £ (2,080) (909) (1,520) (82) (30,328) (34,919) - - - - - - - - (67,983) |
Transfers £ - - - - 15,683 15,683 - - - - - - - - - |
Other recognised gains/(losses) £ 5,801 1,115 1,741 5 4 8,666 15 584 109 26 771 110 757 2,372 15,544 |
Balance at 31 December 2024 £ 353,724 101,962 146,437 7,351 - |
|---|---|---|---|---|---|---|
| 609,474 | ||||||
| 5,310 198,507 36,799 8,829 262,180 37,218 258,711 |
||||||
| 807,554 | ||||||
| 2,923,312 |
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Charities Administered in Connection with the Evangelical Fellowship of Congregational Churches
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
12 Analysis of net assets between funds
| Tangible fixed assets Fixed asset investments Current assets Current liabilities Total net assets Tangible fixed assets Fixed asset investments Current assets Current liabilities Total net assets |
Unrestricted funds General £ Designated £ - 235,085 510,571 420,000 159,765 240,091 (16,069) - 654,267 895,176 Unrestricted funds General £ Designated £ - 205,085 487,084 390,000 177,287 261,201 (14,373) - 649,998 856,286 |
Restricted funds £ - 596,612 77,372 - 673,984 Restricted funds £ - 560,301 49,173 - 609,474 |
Endowment funds Permanent £ - 888,980 - - 888,980 Endowment funds Permanent £ - 807,554 - - 807,554 |
Total funds at 31 December 2025 £ 235,085 2,416,163 477,228 (16,069) |
|---|---|---|---|---|
| 3,112,407 | ||||
| Total funds at 31 December 2024 £ 205,085 2,244,939 487,661 (14,373) |
||||
| 2,923,312 |
13 Related party transactions
At the year end the following balances were due from / (to) related parties:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| EFCC Trust Corporation | 286,707 | 281,768 |
| EFCC General Purposes Fund | (16,069) | (14,373) |
Page 20