Draft Finllncial StateD]ents at 17 June 2026 at 10:10:54
Company registration number 06074349 {England and Wxlts)
Charity regÈstration number 1122789 {England and Wales)
EMMANUEL THEOT.OCICAL COLLEGE
IA COMPANY LIMI'I'Tr;D B Y GUAIL4NT£EI
ANIYUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

Draft FlnanclAI Statements at 17 Junt 2026 *t 10..10..54
EMMANUEL THEOLOGICAL COLL&GE
LEGALAND ADMINISTIi4TIVE INFORMATION
Trustee5
Revd AR Browrt
Mrs M A Cheung
The Revd A O Chirllhowu
Th¢ Revd D A CTaven
Revd AHatn
DrA Lazz-onyenobi
Mr N R Rob50n
Th¢ Rt Rev R P J North
Mr G Colville
DT M Porter
Revd R L Ptnrtystan
(Appointd l December 2024)
Country of incorporatiOII
United KingdoTn
(England and Wales)
06074349
Charlty registration
England and Wal¢s
1122789
Registered offitt
5500 D3resbury Park
Darcgbury
Warrington
WA4 4GE
Auditor
F2irhurstAudit Services Ltd
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WNI 2TB

Draft Financial Statements at 17 Junc 2026 #t 10..10..54
IMMANUEL TIIEOLOGJCALCOLLECE
CONTENTS
Page
Trustees, report
Ittdependent auditovs report
Statement of financial activities
12
Balance 5he¢t
13
Statement of tash flows
14
Notes to the fittallcial statements
15-21

Draft Finantial stxttmtnts at 17 June 2026 at 10:10..54
EMMANUEL THEOLOGICAL COLLEGE
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT)
For The Year Ended 31 August 2025
The tn]sttes present their annual repoat and financial 5taternents for the year ended 31 Augllst 2025.
Th¢ financial statetnenls have been prepared in accordance with the accounting policies sct out in note I to the financial
staternents and ￿[￿pIY with the charity's Eovernirtg document. the Comparties Aci 2006. FRS 102 The Financial Reporting
Standard applicable in th¢ UK and Republic of Ireland" attd the Charitieg SORP "Accounting and Reporting by Charitie8.'
Statcmcnt of Rccojmnended Practice appliuble to chatities piepating thest accounts attoidonte with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 102)"
Objeetive5 activitie5
The objects aTe'.
l. The advanceEn¢nt of th¢ological education in areas of Christian faith, mission, wxcute and
The provisions of leaming opportuniti&4 for metnbers of churche5 and other int¢r¢sted persons,.
The sharing of IheologicaL resources with and among local churches. cottunitlees end other training PTovid¢is'
The preparation of persons for acertdiled forms of ministry. and
The provision of oppoitunilies for post-graduate study.
2. To advattce theological education generally.
EtnmHnuel Theological Colle8e aims to equip the whole people of God of the whole mission of God today. The College seeks
to be an education itgoutce> providing outstanding courses and programmes for lay and ordained leadership in tlie Church of
England, and also opportunities for oiheis fi'om a ixnge of Christian tiaditions to access high qualities undergraduate and
postgraduate study.
There are a variety of different pathways through the College CWTiculum for Licensed Lay Ministry candidates, ordinands, and
independent Students.
The College offers teaching and supervision at all levels of smdy from Certificate of Higher Education to MA. Some students
undertake doctoral StL￿leS for which the College works irt partnership with a range of v81idaiing in8titutions. There are also
significant opportunities for those wanting to do fithei study and extend their existing qualificattons.
SNdertts may 8tudy on a full-time or p&rt-tim¢ basi5.
Public benefit
The tNgtees have trustees confirni that they have coinplied with the duty wider settityn 17 of the Charities Act 2011 to hAve due
regard lo the public benefjt guidance issued by the Charities Comrni5510D.
Emmanuel Theological College trains lay artd ordained minigters to university stattdards for the Church of England.
Independent students are also encouraged Jnd weltomed. The costs of training aTe not charged 10 Ihe majority ol students and
courses are open to members of the public at a subsidised cost. The professional training of the churth's ministers is essential to
the quality of the Service that they offer lo the public.

Dr2ft Fln21Jtl21 Ststtm¢nts at 17 June 2026 at 10..10:54
EMMANUEL THEOLOGICAL COLLEGE
TRUSTEES, REPORT (INCLUDING DlliECTORS' REPORTI ICONTIIYUED)
ForThe Year Emded 31 August 2025
Achievements And perform2nte
Significanl aciiviiies artdthchiévÉmepTls against objectives
All duties and respon8ibilities of the College pertairting to our ain)s and objectives have been undertaken. We have fulfilltd our
coinniitments lo the Univcrsity of Dw'hatn Comtnon Awaiyis (DUCAI under the teTmS of ow contract, and to the Mittistry
Council of the Church of Englartd under the tern15 of our Service Level Agieement ISLAI.
The College delivered all its intended mid-week teachittg of its theological studies programmes at teaching centres in
BlackbwD, Carlisle, chest￿., Liverpool, Mancbester. There was iio hub ill the Diijcese of Sodor and Man in 2024125. We
reilltroduced a Sixth ordilland residentiaI weekend havli￿ previously rcduced to five to make way for two additiojjal ordittand
formation days. Student feedback was that the weekend was betier than two separate days, attd all six ordinand residential
weekends were delivered fvlly at Swanwicl so was the ordinaAdresidenlial week illApril.
We were deligbted to welcome a rdrtge of sptskeTS to contribute to our residential mirtisterial formation progixmme across the
course of the ytai.. We welcomed the following ¢xp¢rt V15jtors to deliver talks in Qui" regular"College Lectllre" series, whic
focusts on wider themeg theology, ¢hur¢h. mission. and mini8ty.' Ton] Gtallt and Teani from Proximity," Julie Connalty on
Safeguarding", Peter Howell.Jones on entrepirncwial Itadership,. Nicholas Janni on leadership and healing,. and ATlly White on
toxicity and lead¢Tsbip. We were also visited by various bishops from Livei'pool, Chester, and C#tlisle Dioceses. OLU. access
piogramme, "Pop-up Theology" contthlled to run throughout the year. with one module delivered each tern) online on Mottday
evenings. The avei7ige altendattce for each module was 32 people.
TrTQm SepteTnber 2024. the College launehed its joint-funded UKME Mentorillg progratmne as part of efforts to develop 2
pipeline of global ￿ajoritY heritage theological edlltators. We worked joitstly witb the ChuTcli of England Racial Justice Board
who fullded the projtci. and began with 4 menlees Working with staff, and gaining important experience ill TEls attd theologiul
educauon secior more widelyj including contributing to leaching alld learning at Enunalluel. This was a very excitllig projecL
and we were ddighted to support ￿Veral mentees through their discetnmtnt 2nd job appLicatiott processes.
Froin October 2024 the Rev'd Dr Chriglopber Landau, national Director of Resource- a parAchwcli organization comniiiied to
enabling spiritual and theological renewal acioss little, local. and ordinary churches began hi5 tinie as Honorary Professoi" in
Practice of Christian Spirituality. ChTi%toph¢i' ￿nhibuted to teaching and learnin& and led part of our annual staff retreat in
Jllly 2025. He will continue in this Honoraiy rolc until August 2026.
In November 2024. Emmalluel launched ils new Continuirlg MilliSteria] Edueatton offeting Blackburn Diocese wEth an
onlille morning prep&ing cleoy for the lectionary y¢ar ahead. Amemorandum of Understanding will bc dcvcloped on the back
of this launch, to secute OUT future WQTking r¢lations]iip. This is a key part of Emtnalluel's tragic objeciive to be a tlieological
resource across the northwest Tegion.
In mid-November 2024 we launched OUT TncuEnbenlS' Leadership Development Progtamme in conjunction with the national
Church ofEngland 30k pi"ojett to develop 30,000 childrens. youth. and families tnini5ters by 2030. Emmanucl was part of the
initial pilot which is a leadership development piogiimme for incumbents of tllid-sized churches lo develop toward greeteT
ittIP2Ct with CYF. Our v¢r5ion of the ILDP conlaiJJs two tore mod￿1￿ on leadership and growing younger. and is taught both
Tesidentially and in online hubs throu8holli the year. The initial ¢ohort had 28 sthdents, and we artlieipate more ill 2025126.
In March 2025 we welcomed Ms. Ally Reynolds as our ncw Admissions Office and Prograjnmes Admini8tratoi la cornbined
rolel aft￿ Mrs Helen My¢iE moved to bxome Events Mattager tbxl satn¢ rnonth. Dr Gareth Crispin joined the team 0.4FFE in
May 2025 35 Lead Tutor for our new Chtldren, Youth, 8nd Faniili¢5 Millistsy pathway ICYF). We expect our first cohoit in
September 2025. Tbe pathway has been launched partDership with the Diocese of Blackburn and the Diocese of Livcrpool,
who are each illteDding lo setsd sponsored students to study witb us from S¢ptember 2025.
In May 2025 we were delighted to be included in the Office for Students Register of HE PIDvidets. This i5 a 5ignificallt
strategic step foi the College. allowillg greater accessibiliry to a wider range of students through the provision of student loans.
We had a gi'eat d￿1 of intcrcst and aiE expecting 10 see a sigllificant increase in tlie numbeiE of illdependent {i.e. oott-
DIIDlStei'iall students swdying with in the ￿tU￿. The details of our QSR Report can be found at
.emmanualtheolo
Icalc4)Ile
e.ac.uklof -
istrati
Fro]n May-June 2025 the College was inspected by the Churth of EAgl8nd os part of its Periodic Extemal Review. A of
fouT reviewers visited ow. teaching c¢lltres, head offices, and residential weekends and assessed the College against the tenns of
its SLA Bnd the quality and stalldards of ils fom)ational provision. It was a demanding lie for siaff and 5tLthnts, but also a cause
for great celebration. The draft report wa$ Teceived at the end of July and gave the highest grade of 'CollfJdence" 10 the
College. The report catt be read ai www.chuTcbof
Isit¢sldefaulLlfiles12025-IlleD]]nanu¢l-
er-r
ort-
une-2025. df.

Draft Flnanci¥l State]nentS at 17 June 2026 at 10:10:54
EMMANUEL THEOLOGICAL COLLEGE
TRUSTEES, REPORT IINCLUDING DIRF.CTORS' Rfi PORT) (CONTINUED)
ForThe Year Lnded 31 Akngllst 2025
In 8ddition to those already listed. and gs part of the College's strategic objectiv¢ lo be a theoltrgic&l re8ourte beyond IMEI
training Ic.f. the Collegt's Strategic Developnient Plan 2023-281, Emnjanuel staff colllribut¢d to a range of joint venthres and
projects dui'ing the academic year. Thesc included..
The Dean was invited .to join the ]vdtional Church LeadeT8hip Developtnellt Advisory Group and colltinued to
corttribulo to the Strdtegic Leadership Development Progiwwne as a Men1b￿ of faculty. He aLso continues as th¢
Chmir of the national Prillcipals. Streting Group alld a Member of the Church of bDgl&nd MiDiStsy Board.
The Vice Dean, Rev'd Shemil Mathew. compl¢ted his time as 2 participattt observer at th¢ House and College of
Bishops.
Mr L2ne, Tutor in Planting and PioneeTing, completed his secondment to the Archbishop of York's Faiih ipj Éhe
Alorih Tean] for six ￿tsnthS at 0.2FT& focusiiig on developing new forn￿ of church to engage PifVTously unreacbed
sections of society. Chris also ac*d as link Tutor for the College's developing reiationsliip with FI￿XIMIty.
The Rev'd Claire Cook¢ continued repre8enied tbt Collcge at various nation81 convet$2tions hosttd at Lambeth
Palac¢ about the straitgic focus on growing younget
The Rev'd Matt Allen torttinued his work with The Preacher magazine and as att instNctor with the CollEgE
PpEa¢heis.
Several membets of siaff supported CMEICPD days in the Dioceses of BtackbunJ. Carlisle, Live￿001, and
CheltLsford and otiiets continued 10 publish scholarly works in peer-reviewed journal and edited collectlons.
FiDancilll review
Reseyvespolicy
The movement on res¢Tr¢s ¢3n be seen in detsil ill note 13 & 14 to these accounts. The Trustees have agreed that th¢ aim is fw"
a mirtiittum of six Inonth5 gross salary and benefits costs be niaintain¢d witliin resetves. Based on the costs incurred this
financial year, this would mean that reseTves should stand at appiDximately £490,000.
PrinciptslfuNdiitgsouRves
Income for the year iots]led £1.509.76212024. £1,533,932) and expcndit￿￿ atnounted to £1,337,743 (2024.. £J,214,7.13 ) per
the Staiemelll of Fitwicial ALtivities ISOFAI. leaving net suryluslldeficil) of £539,635 {2024.. £367,616). The t￿Stee$ receive
regulai. infonnatioD apd cartfi]Ily ]nonitor the financial position of the cliarity at their meetings.
They conljnue to review costs alld reduce these where possible to enswe there are sufficient fimds available to fulfil th¢ core
putposes of the charity as setout ill the objectives above.
The trustees att satisfied Elial Emmanuel Theological College will have ad¢quate resources to continue to operate as a going
concerll for the foirseekble fuiutt and haye plep￿rd the f&nancial Statements on that bas1S.

Draft Financial Statemeiits at 17 June 2026 at 10:10..54
EMMANUEL THEOLOGICAL COLLECE
TRUSTEES* REPORI. {INCLUDING DIRECTORS, REPORT) (CONTINUED)
For The Year Ended 31 Allgu$t 2025
Structures governance and mwnagement
Governing dacwnent
Th¢ ¢haiity, form¢Tly called The Southern North West Training Partnership, was established in 2006 a$ outWOTking of the
cojnmitmenl of church leaders and trainers itt the region. to collabordie n]ore closely ill the provision of quality loca] and
ecutncnical theological education attd traittirtg. Their vision was foT a unilaly gnd fully ecumenical Regional Training
Partnership (the RTP").
It becatne a tOmP8ny limil¢d by gLJarRnt¢¢ on 30 3Bnuary 2007 and gained charitsblc statu8 itt February 2008.
IJJ May 2013. the charity changed its name to All Saints Centre for Mission and Ministsy and then to Ely￿U¢l T]Jeological
College in Api'il 2021. It ig govetned by the piovisions contailled witliin its Memorandum and Articlcs of Assocjation
Ireconstitute4f in 2021), the requiietnents of its partnei" institutions and otlier statutory and charity laws. With the tr&Dsition to
Erntnanuel Theological College, the M¢mb¢iE charged the Dean and CEO, Thc Rev'd Canon Di Michael Leyden, to itvilalise
the work of the instittTtion. A strategic Development Plan was th7]wn up by Dr Leyden and appi.oved by the BoBrd of Trust¢¢S ID
January 2023. This foc1￿ on twelvc stratcgic objectives to be dclivered over a five-yeai pei"iod.
There 2re twelve Member bodies.
The DBF of the Diocese of Chester
Thc DBF of Ihc Diocese of Carlisle
The DBF of the Diocese of Liverpool
The DBF of the Diocege of Manchester
The DBF of the Di0￿e of Blackbum
The DBF of the Diow5e of Sodoralld Man
The Bishop of Carlisle
The Bishop of Chester
The Bishop of Livetpool
The Bishop of ManthesteT
The Bishop of Blackburn
The Bishop of Sodor and Man
Eath member of the company has a personRI liability limited to £1 under theii. guarantee as comparty memkns irt the event of
the coniparyy being wound up.
The trustees, who are also the direetors for the pllrpose of comparty law, and who served duTing the year and up to the date of
sigttature of the f]llattcial staoinents weie..
RevdA R Brown
Mrs M A Cheung
The RevdA O Chijnhowu
The Revd D A Craven
RevdAHam
DrA Lazz-ottyenobi
The Revd R Mat
MT N R Robson
TheRtRevRPJNorth
Mr G Colville
Revd R Newqon
Di M Porter
Revd R LPeTruy5tsn
{Resigrted S February 2Q261
{Appointed l November 2024 and resigned 21 April 20261
(Appointed l December 20241

Dr#fr Flnancial St8temellt5 at 17 June 2026 at JO..JO..54
EMMANUEL THEOLOGICAL COLLEGE
TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORTI {CONTINUED}
For Th¢ Year Ended 31 August 2025
Re¢ruilmeiiÉ dJTd oppoinlment oflriistees
The teTtn trustee has ihe meaning as set out in section 177 of the Charities Act 2011, that is, "the persons having the gentral
control and nknmagement of the admi]Jiglration of the charity regardless of wb8t they are called" In tbe ¢ase of a chariiabEe
company. it l5 the ¢JiTeclors who are the Cl￿rItY trustees. Throughout thi$ repoil the word director{sl" eall'also be read as
'trLtst4sl"
The Inlsttts are appointed as per the knicles of Association, and aTe iEceiving ongoing trailling. as appi"opiiate. Some sellioi.
stalthavt job titles incoryoraling the litle'Directotr but they are not directors of Ibe coJJpany for the pu￿OseS of compally law.
None of th¢ Ifusiets has arty beneficial interest in the cotnpany.
The Chair of the Board is Rt Revd Philip North, and the Board zJormaJly rneets 4 tin]es per yeaT. The Boai"d of Trustees is
responsible for ihe vision. Sti'ategy. and 5ignificantpolicies of Emmanuel Theological College.
Opeixuonal responsibility is devolved to the Dean and Chief Executive Officer as per the ielevanl Schedule. A5 Stated in its
PTincipal activities, Emmanuel Theological College provides the advancement of theological education in areas of Christian
faith.

Draft Finantixl State]nents It 17 Junc 2026 at 10=10-54
MMANUEL THEOLOGICAL COLLEGE
TRUSTEES, REPORT IINCLUDILYG DIRECTORS, REPORTI ICONTINUED)
For Th¢ Year 31 August 2025
Orgonisaliop]¢JlsÉructure
The day-to-day overview of the operation of the Course is ill the hands of the Ptincipal. This intludes..
Advising on action needed to Taise the incotlle neceS￿ry lo finance expenditure
Advising metnbers of the financial asPXts of its policy and on any other matlcrs
Pr¢p2ralion 2nd Inanag¢ment of the approved annual budget
tllvestment powers over Emmanuel's. own assets
Irt aecoi'dartct with clause I 1.1 of Ilie Aiticles of Assotiation, the Board of TNstee5 bas also established sub-committees, the
functions of which are listed below. All sub-comrnittees assist the Principal in carrying out hi8 dulIcs and are iEquired 10 report
all acts and proceedings to the Board as soon as is reasonable practical.
The Deatts Review and Remuneration Subconllnitiee undertakes the following tasks..
Review the Dean's perfonttante against the job description and any peTfomiance illdicatoi%. including thc details of
the last annual perfortnance plan.
Agree an annual perfomTrance plan with the Dean for the forthcoming year.
Arrange for any ongoing training or support that the Dean may need to toniple￿ duties.
Appoint a Memb￿ of the DRRS lo conduct an interim review of the pro2re$s against the Dean's perfoTtnan¢e plan in
December each year.
Subtllit a repoit lo the Board of TTUSt¢es highlightillg both the successes of the previous year attd outlinittg the key
points ill the allnual perfonnance plan.
Review the Dean's remuncration in accordance with the contract of employmertlj job descTiPtion, and perfotmance
plan and make recommendations 10 the Board of Trustees regarding any increa$e Above those al￿ddY colltsin¢d in the
Lichfield Stale for the fortbcomirtg year.
Through the Chair, keep info[n￿l contact with the Dean on a regular basi5, offeriTJg support and advice as nece88ary.
The Academic and Partnerthips Subcotllmiltee undertakes the following tasks..
Work with the Dean. alld where appropriate otber members of staff, 10 monitor all aspects of the College's Cu￿1¢U1Urn,
leaching and leaming, attd quality of provision.
Ensue thai the College's acade￿iC strategy tneeis the D¢¢ds of the Noith West. including piN)vision of appropriate
support for students frotn underrepTes¢nled backgrounds.
Contiibiite to r¢l¢vant sections of the Action Plan.
Support the woi4o ef the Academic Working Group IAWG) where approprjate
Ensure that effective monitoring of student exptnencc and formalional opportunities is undertaken regularlyj alld
appropriate follow up and response is undtrt2ken.
Review the ielevanl feedback from the annual student SUTveys.
Exercise appropriate oversight regarding the accuTa¢y of public infonnation regarding the aeademic piL)grammeg
offeiEd by the College.
Advise the Dean regaiQing partnerships. whether potential or actual. that will advartce the goals of the College.
Be respottsible for policies Ihat impact students experience, making any retomrnendatlOD5 for change lo th¢ fvll Board
of TTUStees, including but not limited to".
Adini5sions policy
Tenns and Conditions
Student Cotnplaints Policy
Student Cortduct Statement
Student Disciplinary Policy
Relevant sections of the Studellt Protection Pla

Drg(t Flnanclal Statements at 17 June 2026 at 10.. 10..54
EMMANUKLI'HEOLOGICAL COLLEGE
TRUSTEES, REPORT (INCLUDING DIRECTORSt REPORTI ICONTINUED)
For'fhe Year Ended JI August 2025
The Business and FinAnce Subcommittee undtrtakes the following tasks..
Create the annual budget to be ratified by the Board.
Conduct annual monitoring and evaluation of the budget.
Ensure aceounts are properly prepar¢d and present each year.
Recommertd an extenjal auditor to the full Board, and ¢nswe the auditor has all necessary Infom￿110￿ te conduct
theiT business each year.
Work with the Dean, and where appropriate other members of staff, to rllOllitoT all aspects of the College's financial
activities and business planning.
Contribute to relevant sections of the Action Plan, and strateEltally review the fJ]Jancial resources available to the
College.
Review the ielevarti feedback from the ant]ual student suiveys.
Exercise app￿pIlate oveisight regarding the accuracy of public infotination regaTding the F¢¢s ¢hgTged for vaTiou$
programm¢s and courses.
Be responsible for policies that impact students experience, making any recojnmendalions for change to the full
Board of TNstees, including bul not limited 10..
Reviewing Ftts for cackn acadejnic ye
Refund and Compensation Policy
R¢levant Sections of the Ternis and Conditions
Relevant sections of the s￿dent Protection Plart
Business Continuity Plan
The ttust¢es acknowledge that due to the complexity of the structuirs in which Emnianuel Theological College operate$, z
nunibcr of iElated party tt7llsactions rnay occur. A ttlated party transaction is one where the charity has a relationship with
another party. which might inhibit it frotn PUTsuing its own inierests.
Any decision by a elwity to enter into a transaction ought to be influences only by the consideration of the charity's own
inteTestg. This doeg ttot necessarily mean that all transactions with Telated parties att influeftced by the cortsideration of interests
othei" than the charity's, nor that they are liable to invalidation, but transparency 15 important and therefore infonnaiiott about
such transactions is nec&55ary.
The tr8]Isa¢tions and balances with r¢lat¢dpartie$ ate disclosed in Aote 14 to the f￿ancIal ststtmenls.
StatenJEnt of trustees, responslbllltles
The t￿stee8, who are also the direcioi's of Emmanuel Theologital College for the purpo8e of company law, are responsible for
PTepaTing the TTusiees' Report and the financial statements in accoTdgnce with applicable law attd United Kingdom Accounting
Standards (United KingdoTn GerterallyAccepled Accounting Practice).
Cotnpany law requires the trustees to prepare financial statetnenlg for eath financial year which wve a trut and fair view of the
5tat¢ of affaiTS of the chanty and of the incorning I'esources and application of ￿sOUrces, including the income and exptnditure,
of the chaTitRble company for that y&qr.
Trt preparing these financial statenients. the trustses are required to..
select suitable accounting policies and then apply theTn tonststently.
obseTve the methods and principles in the Chaiities SORP;
Tnake judgeTnents and estimates that are reasonable and P￿dent.,
stste whether applicable UK Accounting Standard5 have been followed subject to any matetial departures disclosed znd
explained in the financial statements,. and
- prepare the flnancial stst6ments on the going concern basis unless it is inappropriate to pre8ume that the charity will ￿ntInu¢
irt operation.

Draft Firt2ntixl St#ttrNtnts Xt 17 Junt 2026 llt 10..10..54
FMMANUEL THEOLOGICAL COLLEGE
TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) ICONTIIYUED)
For The Year Ended 31 August 2025
The tn￿teeS are responsible for keeping adequate accounting Tecoi'd5 that disclose with reasonable aecui?cy al atjy lime the
financial position of the charity and enable them to ensure that th¢ financial statcments comply with the Compartie8 Act 2006.
They are also i"esponsible for safeguarding the as5¢ts of the charity and henec for taking reasonable gteps for the prevention and
d¢te¢tion of fraud and other i￿egularitI￿￿.
In so far as the trustecs arc aware..
- there is no relevani audit inf0m￿li0ll of which the tharitable COTnpany's auditors are unaware., and
the tmstees have taken all gieps that they ouglit to have takeii to make themselves aware of any relevattt audit
InfOr￿ation and to estsblish that the auditois are aware of that information.
Audltor
In accordance with the companls articles, a resolution proposing that FaiThuT5t Audit SeTWC&8 Ltd be reappointed as auditor of
the cojnpany will be put ai a Gertetal Meeting.
Risk management
The t￿sleeS have a duty to identify and review the risks to which the Charity is exposed and to ertsu￿ aPPTapriate tontro15 aT¢
in pl8C¢.
Itt addition lo the risk of fraud and e￿or, the PTincipal Tisks Telate to the number of sbjdent enrolments and the funding provision
for the Ministy Division ofArchbishops' Council and other sponsoring bodies.
The Risk Register is ov¢rs%n by the Business and Finance Subcommittee ort behalf of the Bogrd.
The trustees, report was approved by the Board of Trustees.
The Rt Rev R P J North
Trustee
Date..
l•LI

Draft Fi￿&￿e]￿l St#ttmtnt$ At 17 Juthe 2026 al 10:10:54
EMMANUEL THEOLOGICAL COLLEGE
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF EMIIAANUEL THEOLOGICAL COLLEGE
Opinlon
W¢ havc audited the fillallcial ststements of Enunanuel Theological College {the 'charity') for the year ended 31 August 2025
which comprise the statement of financial activities, the balance sheet, the statement of cash flowÉ attd nottt to the fthartcial
statements, including sI￿￿rICant accounting policies. The financial reporting franiewoTk that has been applied in their
prep3Tation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The
Financial RepoY¢ing Siandai'd UPFlicable the UK andRept4blie ofljelond (United Kingdojn Generally Accepted Accounting
Practice).
In our opinion, the flnancial st2teJnents'.
give a true alld fair view of the state of th¢ charitable company's affaits a5 at 31 AugLtst 2025 and of its intoming
resourteg and application of resources. for the year then ended.,
htvc bten properly prepared in accordance with United Kingdom Generally AcceptedAecounting Practice. and
have been prepar￿ in Accordance with the requirements of the Comparties Act 2006.
Basis for oplnlon
We conducted our audit in accordance with Intetnational Standaidg on Auditing IUKI OSAS (UK)) artd applieable law. Our
respollsibilitieg under those standards are fiErth¢r desciibed in the Audilor's i¥sponsibilTties for the audzt of Lhe financiGI
stotemenls section of our report. We art Inde￿ndellt of the charity in accordallce with the ethical requitements that are relevatlt
lo our audit of th¢ financial statetnents in the UK, ittcludirtg thc FRC'S Ethical Standard, attd we have fulfilled our other ethical
r&sponsibilities in accordance with these Tequitetnenis. We believe that the audit evidence we have oblaitted is sufficiellt attd
appropriaie to provide a basis for our opinion.
Conclusions relating to goirtg concern
In auditing the financial statements. we have concluded that th¢ trL]Ste¢s' U5¢ of th¢ goiDg concetn basis of attounting the
preparatiott of the fmancial statements is appropriate.
Based on the wotk we have perfonned. we have not identified any n￿[trial uncertainties relating to events or conditions tha(
individually or collectively. may ¢a5t Significant doubt on the eharity'g ability to continue as a goittg concem lor a period of at
leasi Iwelve months fi'om when the fLnaD¢ial state￿ents are auihotised for igsue.
Our responsibilities and Iht responsibilities of the trustees with respect to going concern 9T¢ ducribed in the Televant ￿ctiOnS
of this repoTL
Other information
The otlier Infon￿a{10n cotnptises the informaiion included in the annual report other than the fillancial ststements and our
audilorfs report th¢i¢on. The trustees are responsible for the other ittfonnauon coniaintd withitt Iht annual reporL
Our opiuiort on the firtaneial staternents doe5 not cover th¢ otheT infoimation And w¢ do not ¢xprcss any fotm of assurance
¢onclusion Iheteort.
Our responsibility 15 to read the other infornjation and. in doing so. consider whether the other inforniation is materially
inconsistent with the financial staternents 01 our knowledge obtained in the course of the audit, oi. othenvise appears to be
maiei'ially misstated. If we identify such rnaterial incotjsistencies 01 apparent materi21 missiaiements, we are required to
determine whelhei. this gives rise to a matei'121 niisslatemenl in the financial slatenienls thernselves. If, based on the work we
have perfornied, we Conclude that th¢re is a material misststetnent of this other infotTnation, we are requiTed to Teport that fact.
We have nothing to Teport in this regard.
MAtters on which we are required to rtport by exteptio
We have nothing lo report in respect of the following matters in relation lo which the Charities (Accounts and Reports)
Regulations 2008 requiiEs us to Teport to you if, in oiir opittion..
the infomiation givert in the finartciaE statements is inconsistent in any material respect witb the twstee5' rq>ort' or
sufficient accounting rtcoiyls have not been kept,. OT
the financial statements are not in agreement with the attounting tecoids,. or
we have not r￿e1Ved all the information and explanations we iEquire forour audit.

Draft Financial Statements at 17 Junc 2026 at 10:10..54
EMMANUEL THEOLOGICAL COLLEGE
INDEPENDENT AUDITOR'S REPORT ICONTINUEDI
TO THE TRUSTEES OFEMIVLINUEL THEOLOGICAL COLLEGE
Responsibilities of trustees
As explained more fully in the statement of tsustees, responsibilities, the ttustees, who 3Te also the diTKtors of the chaiity foT
the putpose of cotnpany law, are responsible for the preparation of th¢ ffillancial statements and for betng satisfjed that they give
a true and fair view, and for such internal Control as the I￿Ste¢S delennine is necessary lo enable the preparaiion of fU￿ne181
statem¢nts that are free from material misstatement, whether due lo fraud or trn)r. In preparing Ihe financial staiemenls, Ihe
trustees are ttspottsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters
related 10 going concern and using the going concern ba8is of accounting urtlesg the trustees either intend to liquidate the
diai.iiable company or 10 cease opeTaiiong, or have no realistic alternative bul to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordattce with Ibe Aci attd
relevant reBulations made orhaving effect thereunder.
Our objectives #te to obtsin reasonable assui*llce about whether the finAncial statements as a whole ar¢ free from material
rnisstalemen¢ wh¢th¢r du¢ to fraud or eri'oi., and to 15su¢ an auditor's report that includes oui. opinion. Reasonable assuixncc is a
high level of assurance but is not a guai'antee that an audit conducted in accordance with ISAS {UKI will always detect a
material misstatement when il exists. Misstatements can aiist from fixiid or em)r attd are considered material if, Individually or
in the aggregate, they could reasonably be expected to influence the economic decisiorts of users takell on the basis of these
financial stateTnents.
The exieni lo which our procedures are capable of detecting irregulariti&q, ittcluding frattd. is detailed below.
Based on ovr Unde￿tandIng of the charity and the sectQT in whTch it operates. we identified Ihgt the principal risks of non-
coinpliance with laws and regulations r¢lated to. but were not limited to. Tlie Companies Act 2006. UK Tax, employnien
pension and health & safety regulations and we consideied the extent to which non-compliancc might have a material effect on
the financial statement8. Wc also considered those laws and regulations that htve a direct impati ort the preparation of the
fittancial statements, such as the Companies Act 2ffl6 and CharitiegAct.
We evaluated maDag¢ment's in¢¢ntives and opportunities for fraudulent rnanipulation of the financial statements lincludsng the
risk of override of colltrols) and deterniined that the principal risks were iElated to management bi&8 in ae£ounting esiimateg
and judgements.
Ourprocedute$ to re$portd to risks identified included the following..
To idelltify rL5ks of tnatrrial mi&%tatern¢nt due to fraud l fraud risks") w¢ 8ss¢55ed event5 or conditions that could indicate
incentive or pressure to commit fraud or provide all opportunity to commit fraud. Our rtsk assessment procedures included..
reviewillg the fJJJancial statement dtsclosures and perfomiing tests on supportinE doeumeniation to assess compliance
with the provisions of reltvanl laws 8nd regulaiiorts described as having a direct efTeci ort llie fJnanti&l statements.
enquiring of m3nagement about actual and potential litigation and claiTlls' their policies pro¢edur¢s to prevent and
detect fraud as well as wbeiher they hav¢ knowledge of any actual, suspected or alleged fraud.,
performing analytical procedures to identify ally unusual oi unexpected ielationships that may irtdieale risks of
material mi88tatement due lo fraud.
reading minutes of meetings of those chaiEcd with goveityance,. and
in addi"essin¥ the risk of fiaud thTOU8h rnanagement ovenide of controls.. testing the appropi"i&teness of journal entri¢s'
assessing whether the &ccounting estitnates> judgements and decisions tnade by rnanagernent are indicative of a
potential bias. and evaluating the business rRtionale of ally significant tE￿SactIOnS that are unusual oi outside the
nomial course of business.
We also communicated relevant identified laws tnd regulatiortg and potential fraud risks 10 all ertgagemertl team members and
remained alert to any indications of fraud ertton4ompliance with laws and regulations throughout the audit.
Thei"e aT¢ Inhe￿nt lirnitations in our audit procedures descTibed above. Th¢ Tnor¢ Temoved thos¢ law5 alld regulations are from
rillancial transactions. the 1¢5s likely it 15 that we would become aware of non-coTnplianc¢. Auditing standards also limit the
audit proceduiES required to identify non-compliance with laws and regulations to enquiry of the directors and other
management and the inspections of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud
tart be harder io detect than those that arise from error ag they may involve deliberdte concea]ment or
tollusiort.
10-

DrAft Flnaneiil Statements at 17 June 2026 at 10:10..54
EMMANUEL THEOLOGICAL COLLEGE
INDEPENDENT AUDITOR'S REPORT ICONTINUEDI
TO THE TRUSTEES OF EMMANUCI L THEOLOGICAL COLLECE
A further description of Our responsibilities for the audit of the firtancial statements is located on the Financial Reportittg
Council's web51te at www.fre.org.uklauditorsresportsibililies. This description fornts part of our Report of the Tndependent
Auditors.
Ust of th￿r report
This report Is made solely to the charity's Irusttts, as a body, in accordance with Part 4 of the Charities (Accounts and Reports)
Regulations 2008. Our audit work has bccn undcrtaken so that we might ststc lo the charity's tNslces those matters wc are
required to state to them in art auditoi s report and foi. no otlier purpose. To the fullest extent permitted by law, we do not accept
or assume responsibility to anyone other than the Charity and the tharity's tiustees as a body) foi. oui" audit work, for this Teport,
or for the opinions we have fornied.
For and on behalf of FaiThurst Audit se￿ic¢s Ltd, StatutoryAuditor
ChBrt¢L'ed Accountants
DouglaÉ Bank House
Wjgan tAne
Lancashire
WNI 2TB
Da*..
Fairhurst Audit SeLViCeS Ltd is eligible for appointtnent ag auditor of the chaTity by virtue of its eligibility for appointnient as
auditor of a COTnpany under section 1212 of the Companies A¢t 2006.

Draft Financial Statements At 17 June 2026 at 10..10..54
EMMANUEL THEOLOGICAL COLLEGE
STATEMENT OF FINAIYCIALACTIVITIES
{ANCLUDING IIYCOME AND EXPENDITURE ACCOUNTI
For The Year Ended 31 August 2025
Unrestricted
fund$
2025
Restrtcted
fuDd5
2025
Total UnrestrKettd
futkds
2024
Restricted
funds
2024
Total
2025
2024
Lyotes
Income and endowments from..
Edutation and ttdining foi
Ministry
Investment in¢ome
Other inco]ne
1,413.542
7.223
88,997
1,413,542
7,223
88,997
1,244,816
7,849
113.917
167,350
1.412,166
7,849
113,917
Total income
1,509,762
1,509.762
1.366.582
167.350
1,533.932
Expenditure on:
Edueatioll and traitiing for
inistry
1,326,721
11.022
1,337.743
1,178,280
36,433
1,214.713
Total expelldlture
1,326,721
11,022
1,337.743
1,178,280
36,433
1,214,713
Lyet in¢omel{expenditure) and
movement ill funds
183,041
111,0221
172,019
188.302
130,917
319219
Rctontilixtion of furtds..
Futsd balances at I September
2Q24
236,699
130.917
367,616
48.397
48,397
Fund bAlgnces at 31 A￿gUst 2025
419,740
119,895
539,635
236,699
130,917
367.616
The ststement of finantittl ottivities includes all gains and 10ss&s recogllised in the year. All incott)e 2nd expenditure derive
froni Continuing activitie5.
12-

Drxft Flnancial Ststements at 17 June 2026 at 10..10..54
EMMANUEL THEOLOGICALCOLLEGE
BAL4NCE SHEET
A5At 31 August 2025
2025
2024
Notes
Fixed assets
Tangible assets
3.695
Currertt assets
Debtors
Cash at bank and in liaDd
225.301
350,743
136,798
267,626
576,044
404,424
Creditors: amounts falling due ￿rythIn
year
io
(40,104)
(36,8081
Net t￿l'rellt assets
535,940
367,610
Total assets Jess elli'rent llabllitles
539,635
367,616
The funds of the ch8rity
Resirjctcd income fi￿d5
u]￿eS￿l¢l¢d fuiids
li
12
119,895
419,740
130,917
236,699
539,635
367.616
The ¢oiknpany ig entitled to the exemption from the audit reqiiiiEment contained in section 477 of the Companies Act 2006. for
the year ended 31 August 2025.
The directors acknowldge their tesponsibiliues for complying with tile r¢quyemenl$ of the Companies Act 2006 with respect
lo accounting records and the pr¢p3Tation of fthancial statements.
The meinb¢rs have not required the conipany to obtsin art audit of ils fittancial statemellls ulld¢r the reqttuEments of the
Companies Act 2(K)6, for the year itt question in accordance with %ection 476.
These f]]Lqttcial statenients have been prepared in ac£ordance with the PiK)visions applicable to comparties subject to the small
companics regime.
The financial statements weTe approved by the trustees on...................
LOL
TheRtRevRPJNorth
Trustee
13-

Draft FirL#ncial Stlltemellts at 17 June 2026 at 10..10..54
EMMANUEL THEOLOCICAL COLLECE
STATEMENT OF CASH FLOWS
ForThe Year Ended 31 Allgust 2025
2025
2024
Note$
C8sh flows from op¢ratiDg activities
Cash generated from opeDtions
79,668
96,598
Investing activities
Purchase of tsngible fixed assets
Inv¢strneDt income received
(3,7741
7,223
7.849
Net tasb generated from Investing activities
3,449
7.849
Financing actiTrutie5
Repayment of borrowings
1155.WOI
Net cash llsed th flnandng 2Ctlvltles
{155,0001
Net in¢reaselldecrease) In tgsh gDd cash e4lltvale￿ts
83.117
{50,553)
Cash and tagh equivalents at beginuing of year
207,626
318.179
Cash and eash equivaleajts at end of year
350.743
267,626
14-

Draft Financial Statements at 17 Julle 2026 at 10:10:54
EMMANUEL THEOLOGICAL COLLEGE
NOTES TO THE FINANCIALSTATEMENTS
For The Year Ended 31 August 2025
Accounting policies
Charity ithformatlo
Enitllanucl Theological College is a private company IiTnit¢d by gllal￿tee intorporated in England artd Wales. The
registered office is 5500 Daresbury Park. Daresbury, Warrington. WA4 4GE.
1.1 A¢couTLting convcnti(b
The financial statetnenls have been Prep￿ed in accordancc with the charity's goveming docum¢n¢ tlie CompAni¢s Act
2006. FRS 102 The Financial Reporting Standard applicable in tlie UK artd Republic ofTh'cland and the Chaitties SORP
"Accourtting and Reporting by Cliarities.. Ststetnelll of Recomniended Practice applicable io charilics preparing their
accounts in acLordancc with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS IQ21"
The charity is a Public Bettefil Entity as dcfined by FRS 102.
Tht fjnancial statements are pirpared in sterling, which is the furtctiortal currency of the charity. Monetary amounts sn
these financial statcments are rounded to the nearest £.
Tbe fitLsn¢iaJ staleinents have bee]) prepared ullder the historical cost conventioD. Thc principal accounting poli¢i¢s
adopted air set out below.
1.2 Incoyne
All income is recognised in the Statement of Financial Activ5ties once the chaTity has entidemettt to the funds, it is
probable that the inco]ne will be received and Ihe amount can be measui'ed I'eliably.
1.3 Expenditure
Liabililies are rccognised as expellditLU"e as soon as there is a legal or tOIi$tructive obligatiott commitiing the charity to
that ¢xpenditure, li is probable that a trallsfer of economic bellefits will be Tequiied ID seitIement and the amouttl of the
obligation can be measured reliably. Expendirure is accounted foi. on an accruals basi5 and has been classified under
headings that agBre8ate Rll cost related lo the catcgory. Where costs cannot be directly attributed to particular headiDgs
they have been allocated to activities on a basis consisicnl wjth the ugc of resourtes.
Allocation and apportionrntllt of tosts
erever possible. ea¢h item of expenditL]re is allotated 10 either chai'iiable activities or govemance costs, ￿cordIng to
the futtciion it pertatns to. Mie cost of charitsble activities iRcludeg suppoil cosig. which are those costs not eonslttulirtg
PArt of the output of a charitable activity but which are nece55ary for its delivery. The main items allocated to support
osis are the employment of administrative staff together witli the wnniDg costs of the charity's offices.
Governance costs are ¢0sts a550ciatsd witb the governance arrattgenients of the charity and include the prepailtion of the
fitJanci81 statement and their review. legal advice for the tmstees and the cosL8 of holding twstees meetings.
Whenever a cost caonot be directly allocated to any of the above, an Hpportionrnent is made ort a just and reasonable
b35iS.
1.4 Tatlgible fucd a55et$
Tangible fixed assets are iniltally measured at cost and 5ub5equently m¢asuTed at cost or valuation, net of deprecittiort
and any irnpaiTment losses.
Depreciation is retognised so as lo write off the cost or valuation of assets less theu. residual values over theit useful live$
on the following bases..
Compulths
25Q/o Reducing balance
The gain OT loss arising on the disposal of an a55et is deterniined as th¢ diff¢renGe between the sale proceeds and the
arrying value of the asset, and ig recognised in the staiement of financial activities.

Draft Finantial St*ttments At 17 June 2026 at 10..10..54
EMMANUEL THEOLOGICAL COLLEGE
NOTES TO THE FINANCIAL STATEMENTS ICONTIIYUED)
For The Year Ended 31 August 2025
Aeeounting policies
Icontithuéd)
1.5 Taxation
As a I'egistered charity. the compally i5 ¢x¢inpt from incorne and corporation tax to the extent that its incom¢ and gains
are applicable to chariiable purpos&8 enly.
The ehariiy is noi able to recover Value Added Tax and therefore all expenditure in the accounts is recorded illclusive of
VAT.
1.6 Fund accounting
Ujjrestricted fi￿d8 can be used in accordance with tbe charitable objectives at the discretion of the ttust¢¢s.
Resiritied futtds catt ojjly be used for particular restricttd purposes within the objects of the charity. Restrictions ari8e
when Specified by the donor or when furtds are raised fot particular restricted purposeg.
1.7 Pension Costs and other p05t-retirement benefits
The cliaritable corx]pany OP¢iBt¢s a def2ned contribution pension Scheme. Contributions p&y&ble to the dtstitable
co￿panY'S pension scheme are chai'ged to the Statement of Fingncial Activities in the period to which they r¢late.
Income from charitable activitie5
UnrestrÉcted
funds
2025
Restricted
funds
2025
Total Uthrestricted
funds
2024
Restricted
funds
2024
Tot21
2025
2024
Education and training for Ministry
Training Fees
Independent Students
G17nls
Sundry sources
1,019.148
54,383
305,603
34.408
1,019.148
54,383
305.603
34.408
1,013,628
40,246
155,000
35,942
1,013,628
40,246
322.35Q
35.942
167,350
1,413.542
1,413,542
1,244,816
167,350
1,412,166
Performance rel&ttd gr211t$ analysis
Edut&tion 2nd Edutxtion and
trllining for
training for
Ministry
Ministry
2024
2025
RMF Innovation ￿ndIng
Grants from Me]nber bodies
Incumbent CYPF proEramn)e
Other Charities
76,603
120.000
109.000
105,000
50.000
167,350
305,603
322.350
16-

Draft Fanancial Statemellts at 17 Julie 2026 at 10..11)..54
EMMANUEL THEOLOGICAL COLLEGE
NOTES TO THE FINANCLIL STATEMENTS {CONTINUEDI
For The Year Ended 31 August 20Z5
Income from ithve5tment ithcome
Unre5trieted Unrestricted
funds
funds
2025
2024
Interest receivable
7,223
7,849
Expenditure on education and training for ministry
Educ&tio
Educlltion
nd training
and training
for Ministry lor Ministry
2025
2024
Direct costs
Depieciaiion and impairnent
Trusites expenses
Academic stsff costs & expenses
Tutors & CouT5e tnaTLageTnent
Library & web4iie resources
Accommodation
Hardship payments
Ordinands ¢xpenks
Facilities & cateting
79
724
614.146
90,060
59,880
206,809
8,681
73,377
75,150
87
519,998
73,279
63,590
186,512
16,271
109,019
69,185
1.128,906
1.037.941
Shal'e of Support and govcrnxnte tosts (see note 51
Support
208,837
176.772
1,337,743
1.214.713
A Thxlysts by fund
Unrestricted funds
Restricted fullds
1,326,721
Ll,022
1,178,280
36,433
1,337,743
,214.713
17

Draft Finaneill Statemeknts &t 17 June 2026 at 10..10..54
EMMANUEL THEOLOGICAL COLLECE
NOTES TO THE FINANCIALSTAT£MENTS {COIYTILYUED)
For The Year Ended 31 August 2025
Support costs alloeAted to attLVÈties
2025
2024
Staff costs
Operating lease charges
lllsurauce
Other costs
Adtnin. travel & training
Audit fees
Bank f
162,161
136.933
1.442
2.679
26.088
2.271
6,150
1,209
2,756
29,373
6,737
7,100
710
208,837
176,772
Trustees
There were no t￿ste¢s, remuneration or other benefits for the year ellded 31st August 2025 nor for the year ended 31st
Augusi 2024.
Expenses paid to trustee5 in respect of travel and associated expenses are shown in note 4.
Tanglble fixed assets
cO￿pUterS
Co$t
Additions
3.774
At 31 August 2025
3,774
Depreeiation imp#irment
DeP￿CIation Cha￿ed in the yeaT
79
At 31 August 2025
79
CwrryiTrg
At 31 August 2025
3.695
Debtors
2025
2024
Atllounts falling due Ivithith one year:
Trade debtors
Othei. debtQTS
Prepayments and atttued irtcome
L,995
80,595
142,711
35,847
2.808
98,143
225,301
L36,798
18-

Draft Fill8￿¢]01 Statemcnts Xt 17 Jurtt 2020 at 10..10..54
EMMANUEL THEOLOGICAL COLLEGE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 August 2025
Loaths and overdrafts
2025
2024
Loans from related partits
10,000
10,000
Payable withirt one year
10,000
10,000
All of the above loans are interest-free artd not secured and are repayable in full by 315tAugust 2025.
10 Creditors.. amounts falilng due ￿Tr¢￿ill one yellr
2025
2024
BotTowings
Other L￿ation and social security
Oihei. creditoi
Accrnals and deferred illcome
10,000
17,018
7.462
5,624
10,000
13,77L
7,777
5,260
40,104
36,808
li
Restricted funds
The restricted funds of the ch￿lty comprise the unexpended ba12rtees of donations attd grdnts held on uusl subject to
specific conditi0rt8 by dortors as to how they may be used.
At I September
2024
Incoming
resources
Resource5
expended
At 31 August
2025
130,917
111,0221
119.895
Previous ytar..
At I September
2023
Inco]nillg
re50urce5
Resouvtes
cxpendcd
At 31 August
2024
167,350
{36,4331
130.917
12
Uthre8trlcted funds
The unrestL'lCted funds of the charity comprise the unexpended balances of donations and grants which aTe not Subject to
specific conditions by donoT5 and grantors as to how they may be used. These include designated funds which have beeu
set aside out of unrestricted funds by the trL]Stee8 for specific purposes.
At I September
2024
lth£oming
resources
Resollrees
expended
At 31 August
2025
G¢neLTI funds
236.699
1,509,762
{1,326,721)
419,740
19-

Draft F1rt2neiil Sta*emertt$ at 17 Jurte 2026 2t 10..10..54
EMMANUEL THEOLOGICAL COLLEGE
NOTES TO THE FINANCIALSTATEMENTS (CONTINUED)
ForThe Year Endcd 31 August 2025
12
Unre5tricteil furlds
{Contlnlled)
Previous year:
At I September
2023
Incoming
resources
Re50urc£5
expended
At 31 August
2024
General funds
48.397
1,366,582
11,178,280)
236,699
13
Art21ysis of net assets betweert funds
Unrestricted
funds
Restricted
funds
Total
2025
2025
2025
At 31 August 2025:
Tartgible assets
Currertl assetsl(liabilitiesl
3,695
416.045
3,695
535.940
119.895
419,740
119,895
539,635
Unrestricted
funds
2024
Restrteted
funds
2024
Totgl
2024
At 31 August 2024:
Current ass¢tsllliabilitiesl
236.699
130,917
367,616
236,699
130,917
367,616
14 Related party transaetlons
Loan5 from related party organisRtions are a5 follows
Amounts oved to related
parties
2025
2024
The Diotese of Sodor & Man
io,(M)o
io,ooo
-20-

Drxft F5nAncl*l StAtements at 17 June 2026 2t 10=10=54
EMMAiYUEL THEOLOGICAL COLLEGE
NOTES TO THE FINANCIAL STATEMF,NTS {CONTINUED)
For The Year Ertded 31 AtsEusÉ 2025
15 EMPLOYEE BKNEFtT OBLIGATIONS
Penslon Builder Scheme
The Pension Builder Scheme of the Chwrh Workers Pension Fund is made up of two sections, Pension Builder
Cl3ssi¢ and Pension Builder 2014. both of which are classed as defined benefit s¢hetne5.
Pension Builder Classic provides a pension for members for payment from retirement, accutnulat¢d from
antribulions paid and converted into a def¢￿ed annuity during employment based on tern￿ sel 2nd reviewed by
the Chutch of England Pe]Jsions Board from time to titne. BotLUSes a150 be detlattd, depending upott the
LllV¢StID¢nt Tetutns and uiher faciors.
Pension Builder 2014 is a cash balance scheme that provides a lump surn that Membe￿ use to provide benefits
ai relii'cment. Pension contributions are recorded in an account for each member. This account may have
bonuseg addcd by the Board before retirement. The bonuses depend on Investment experience and oiher
f#ctOTS. There Is no requirement for the Board to grant Any bonuse5. The account, plus any bonuses decl2iEd,
is pAythle from members. Normal Pension Age.
There is llo sU￿divIsion of asset5 bttweett employers in each section of the Pension Builder Scheme.
The scheme is considered to be a multi-employer schetlle a5 described in Settion 28 of FRS 102. This is
because it is not possible to attribute the Pension Buildei. Scheme's a5S¢ts and liabilities to specific employers
and that contributions ate accounted for as if the Scheme were a defsned contribution scheme.
Chur¢lL of &nglgnd Funded Penslon Scheme ICEFPS)
Emmartuel Theological College participates in the Chwrh of England Funded Pensions Scheme for 8tipendi&ry
cLergy. This seheme is administered by the Church of England Pensions Board, which holds the agsets of the
schetnes 5¢pafaiely from those of the Responsible Bodies.
Each participating Responsible Body in the scheme pays contributions al a conuoon contributioll rate applied to
pensionable stipends.
The scheme 18 considered to bc a multi<mployer schetll¢ a5 desctibed in SeLlion 28 of FRS 102. This meaos it
is notpossible to attTibule the Scheme's assets and liabilities to specific Respon%ible Body> and this tneans
contsibutions ale accounted for as if the Scheme were a defined colltribution Kheme.
The pensions costs charged to the SOFA in the year In respect of the above schemes wei'e £84.50712024..
£74,015).
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