Receipts And Payments Account and Statements Of Assets And Liabilities

For The Year Ended 31 December 2004

Christian Ethical Investment Group - Report Of The Executive Committee
For The Year Ended 31 December 2004

The Executive Committee presents its report and the receipts and payments account for the year ended 31 December 2004.

INTRODUCTION

The Christian Ethical Investment Group was founded in 1988 in order to strengthen the ethical investment stance taken by Church of England bodies entrusted with the investment of capital or other funds. Sometimes the Church found that its prophetic voice in today’s world appeared at variance with actions taken on its behalf by investment managers. The Group has sought to encourage debate and the development of ethical investment policies among Church Institutions. It does not, however, seek to promote a specific line on any particular ethical issue. These are left to members and other bodies to take up as appropriate.

ADMINISTRATION

The Association and its property is administered and managed in accordance with this constitution by the members of the Executive Committee. Members, Officers and members of the Executive Committee are entrusted to administer and manage the affairs of the Association in a manner becoming those who follow Christian teaching and seek to give a lead on ethical matters.

OBJECTS

• to promote an awareness and study of ethical investment issues within the Christian churches and organisations in Britain and Ireland; this to be both by individual church members and by congregations, parishes, diocesan, national and other equivalent structures.
• to encourage the development of clearly stated theologically based ethical investment policies by Church bodies with financial investment responsibilities.
• to promote personal and corporate responsibility through the active and responsible use of shareholder action and other appropriate ways in order to encourage a Christian approach to business and economic activity.

STATEMENT OF RESPONSIBILITIES OF THE EXECUTIVE COMMITTEE

The members of the Executive Committee are required to prepare for each financial year accounts which give a statement of the affairs of the Group and of the receipts and payments of the Group for that year. In preparing those financial statements, they are required to:

• select suitable accounting policies and then apply them consistently;
• 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;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies.

They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Group and to enable them to ensure that the financial statements comply with the Group’s constitution. They are 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.

Approved by the Trustees and signed as authorised on their behalf by:

Jane Whitfield, Treasurer Date:

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
THE CHRISTIAN ETHICAL INVESTMENT GROUP

I report on the accounts of the Fund for the year ended 31 December 2004.

RESPECTIVE RESPONSIBILITIES OF EXECUTIVE COMMITTEE AND EXAMINER

As the Group’s Executive Committee you are responsible for the preparation of the accounts. It is my responsibility to state on the basis of procedures, agreed with you, whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER’S REPORT

My examination was carried out in accordance with the requirements of your Constitution. 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 consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as the Executive Committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.

INDEPENDENT EXAMINER’S STATEMENT

In connection with my examination, no matter has come to my attention:

1) which gives me reasonable cause to believe that, in any material respect, the requirements:

• to keep accounting records in accordance with the requirements of the Group’s constitution; and
• to prepare accounts which accord with the accounting records
  have not been met; or

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

click button to download the report as an Acrobat (.pdf) file - in Windows, right-click and choose 'save target as'.

CEIG Accounts 2004

Christian Ethical Investment Group

Receipts and Payments for the year ended 31st December 2004