Company regiBtration number 06537095 (England and Wales) Charity r•gl$tratlon number 1125640 (England and Wales) Charity registration numbér SC048506 Iscotlandl THE STUDENT CHRISTIAN MOVEMENT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Caladine Chorlered Cerlilied Accounlanls THE STUDENT CHRISTIAN MOVEMENT LEGAL AND ADMINISTRATNE INFORMATION Trugt• Abigail Hollingsworfh Ann8 H8nderson Reuben Jenknns S8mu81 Slmmond8 Lux Williams SNrel Eyres Joshua Thnkar-R8ld (Appointed 3 February 20251 (Appointed 30 April 202SI IAppY)Inted 1 August 20251 S•crntsry Llsa Murphy Country of Incorporatlon Unltvd Kingdorn IEngl8nd and Wa1881 Coryany rngl•lr•tlon numb•T Cfj537095 Chulty numb•r IEnoland •nd W•l•¥l 1125840 Charlty number18￿t1•ndl SC048506 R•gl•t•rèd offlc• Gray8 Court 3 Nursery Road 8lrmlngham We#t Midland8 B153JX Ind•p•nd•nt ex•mln•r Colln DAd8w811 FCA FCCA DChA CalBdlne Llmiled Chantry House 22 Upperton Road Egslboume East Suss8X BN21 1BF B•nk•rn CwrAt￿o Bonk PIC 1 Balloon Slwt M8n¢hester Greater Man¢hèstar M80 4EP Inv•Blment advlsorn Charf8s Mosley Sustsinable Wealth 24 The Strand Derby Derbyshira DEI 1BE THE STUDENT CHRISTIAN MOVEMENT CONTENTS P•g• T￿$1?•$. raK￿rt Stslement olTrusta86' r88pon81blllll&8 Independant •xarnlnerfs repJrt 12 Statsmont of flnanclal 13 ststement olflnandgl posftlon 14 Note$ lo th• finand8181atements 15-27 THE STUDENT CHRISTIAN MOVEMENT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Th8 trustees pr838nt th8ir annual report together with the financlal stBtements of th8 charlty for the ye8r ended 31 August 2025 whlch are also prepared to meet tha requirernents for a directors, report and accounts for Companies Acl purposes. The fin8nd81 st8toments have b88n pr8paied in accordance with the accounlno polici88 set out In nota 1 lo Ihe financial statements and comply ￿th the Company's Memorandum and Arudas ol A5socl8tlon. th8 Companies Act 2006 and 'Accounting 8nd R8porUng by Ch8rlts85'. Statement of Recommended Practice applicable io ch8rfties pr8paring their accounts in accordance wlth tho Financial Reportlng Standatd appllcable In the UK and Republle of Ireland IFRS 1021'18ffgCtlve 1 JAnuary 20191. About th• Stud•nt Chrlstian Mov•mènt {SCMI SCM Is 8 community of stud8nts, past and p￿sent, al￿ St Is community Is at the heart of wa are and how we do things. Students are our purpose, wherever thay find us and hO￿v￿r they engage wa support Ihem in th*lT IIv8S and encourage th088 who seek lo grow in fallh. We 8re dg8ply tommltted to an InrJu81v8. progressive and rAdlcal 8ppro8ch to th• ChristSan faRh. and thls18 8vldent Ihroughout thè Organisatlon from 8 grassroots level through to the b08ré of trustees. OUT m¢mbers lead us. appolntlng r•presenl8b'v8s to the board of Trustees and Gener81 Counul who sel the visir)n ond strategy of the c*arlty. Throughout our work we seek feedback from students and Ilst•n to Ihelr volces 8$ wo move ever onw8rd$. OUT mernb8r5hlp 18 made up of an In¢redlble diversity of pooF4e. Sorno gAth8r local ccrfnrnunldès on thelr university campus or at their church. others come together al a regional 18val through informal networks, and lor sorne thelr place of conneeiion is through our national work, particularfy online. Wherev•r $0m80ne connects wlth SCM, our values are ptesent and our aims ar8 worked towards. For some SCM 18 a pl?¢è to ask hard question5 and be chollenged by olhers who are wresulng with faith and ethic¥. For many, 11 18 8 safè Chrislan 8P8Ca to •xpr888 and settle in Ih¢ir qu6ar Identty. And lor all. tt Is a Flace whero they can Blmply'b•'. SCM 1$ mor& ihan just a gath*ring place for Chrt$lan 9tudents. We arg also cornmltted Lo putting f81th into action, and throughout our long hlstory SCM has travèllad Ilght. devotlng ourselves to the next task or cause In th• olv￿on ol Chri8tl8nlty. We are a rnovernent for today, arid that means campBignlng on current issues of concem such aB the rèlugee crisls, the arm5 Iradtt and modelling LGBTQ+ celebration and pushing the churrj) to do the sarne. It mèans glving a plattorm lo new 8nd a$ta￿lShed th8ologians who encourage us and ch811gng6 US to grow In our tsith. As we put our falth Into gctlon we often Seo our members bèixjming more confid¢nt a$ leaders, grwng s èmorging theologlans, dev81oping as aclivists and flourfshing in thèir dlgapleship. We are part of thè Wortd Student ChTisben Federatlon, a global ne￿ork of studènt Chrtstlan rnovernenlB. Obl•ctlY•s •nd aetlvltles The charltable objectlves ol the company arè.. 'to 8dv8ncg the Chrlstlan faith 8mon9 posl and prèsènt students of univ8rsldes, cc41ege8, schooly and other Inslthtions of education induding bjt not Ilrniled lo the fomatK)n 8nd malntenance of fellowship based on the Chrlstian falih, and the prijrnotion of students. splritual, rnoro18nd physical ￿11-being based on tho Christian faith., Vl$lon •nd Airns Our vision is of SCM as a g•n•rous communlty, expressing a lived f8ith in Jesus Christ vkn8rE social action megts prayerful devtstion. We s88k to be both a radical vol¢• for equ811ty and justice. and 8 uf• hom• for progrg$5Sv8 Chrisban students. Our work Is based on four alm8 th8t 8xpress Ihe valu89 of our progreBSIV8 falth.. Creating communlty D88pening faith Seeking justice Celebrating diverslty THE STUDENT CHRISTIAN MOVEMENT TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Mission To work towards c*Jr vlslon and alms w8 WU.. Create, 8UPP¢rt, And sustain indu$iv8 communities wh8re sbjdents can find a place to be and belong. Ofler r850urces and the space to grow at university and beyond as thoughttul disciples. Ch811gnge injuslc• and exciuslon, locally and globally. inspiring stud8nls to express Chrisuan fAith through sooal aclion and to d8v8lop as passionate activists. Create leadership opportunltles throughout the movement, eqLiipping students to betsjme progressive leaders In the Church and the worfd. Explore progre5slv8 faiih with each olh•r. worfd ond nelghbour, cre8lng 8ori8lly ¢ngagad and ￿lIptUr811Y rooled rJdScal theologians. Actlvltlo• Our core work Inv(Avès supporting the rnovement at 8 gr858root8 18vel, with B focu8 on helping studgnt5 to flnd Inclu81ve and supportlve Chrf8llan communitles lor fellowshlp. These communitlès include SCM 8ffi1i8teyegr and 1-yeaT memborshlps romalns steady, wlh 80Q/i of our mernbers holding &yaar memberBhip. R8n8wa15 were down from last yè8r. however this fluctU8t8s. espedally wlth the &y&ar membershlp cyde. Word of mouth remains a strong rnethod for recruillng new membar8. ￿th all surveyad mèmbers agreeing Ihèy would r8comrnend SCM, but with A growing number comin9 from commvnity group5 and festivals, especially Greenb8lt in OUT Q4 supporling our strongest quarterfcf new members. Our 2025 annu81 memb8r5' suryey showed th8t 100% of respondent3 8greed that they fell SCM is a pl8fA where they feel welcomed and belong, and 71Ck le81 connected to the wiijer movem&nt. 01 the Tespondents. 100% agreed th81 SCM is 8 safe space lor them to work out theSr beliefs and ask que5tt.ons about complex Issues and thelr faith. Our F8￿h Sn Action loolkit5 th15 y8ar induded prayers and games. The Advent toolkit was themed to indude A .12 days of Chri3trn88" Iltme book of actions, whSle Ihe spring toolkit was therned around Oietrich Bonhoeffor. This toolkit induded several prayers inspired by Bonh08ffer, a prayer he wrote, 8nd some stickers. Continuing on frorn last year's vno-day fomat, the National Gathering.. Theology D8y was held again al Sl Pancras New Church in London. and the theme of the day Was 'BelrrfJ and Belonging" Through the wwkshops we &xpk)r8d Christian community inside and oulsidg the churLI). THE STUDENT CHRISTIAN MOVEMENT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 our row at uni ndbe ond We have continued to wrffk on the Affirmlng Christianlty serfes, releasing Prour•ssive Evan981ism. bthich seeks to help progresslve ChristSans doftnè evangelism in thair context and understand what draws people to God, bvhi1s1 int8grating the legacies of the p8St and doubts th81 we carry as part of th8 discussion. Th15 has been used by IoGqI groups a8 part of their 58sslons. There was 8 writing retreat held with Westmlnstar Colleg8 In Carnbrfdge for rrembers to create and contribute to th8 next booklet, provisionally titled Affirmlng Christian B8sIc5. whlch had the IJu81 effect of prodvclng much of ihe resource content, and provlding th8 Opportunity for mèmber8 to g8ln new s￿11$ and spend 8om• fellowship tirne togeth8r. e In ion The Faith in Acknon PTOj8Ct w88 ah¢red slightly lor the 2024-25 year. On¢ new graduat8 project worker was appolntèd at the stort of th8 ao4demlc year, a Iheologlan who has incrèasèd member5, conndenc& to explore Ih81r f?ith and introduced thern to new forms of theologleal thought. The 202&34 project worker. whose f¢xus was actlvism, stayed on 11)• 8t8ff for or￿ther year In 8 sllghuy altered rolg wllh an expanded focus on both acllvism gnd community bulldlng across SCM Ioc81 cornmunities. Having been In the Tole for one year, they held a rapport with the student groups across th8 ￿untry wh5ch made it ea51er lor them lo organise workshops and joini meetings wth tudonls in dlllerenl unlverslt1$8. A conth'denl actiVi81, they have used those workshops and olher rosources lo teach rnembers and groups thè tools ol activism, enabllng them to campai9n independently on the matters ol m95t Importance to them. ort h ndthaw After feviewing the ¢ff&¢tlveness of the group SeAder Me8Benger group, we rnovod th8 group to th• WhaLsApp plattorm, 8s p8rt of the mlgrallon of SCM group chats overall, so group leadeT5 would have 8veTrlhin9 In place. Although thero has been rninim81 Intèraetlon in the group l¢aders group ca)at, there has beon som6 usebjl dlscussion gnd support at group leadèr zoom Gheck-ins. An dical Once agairn th• N8tlonal Galhering, Ihls year wlth the th8m8 ol "Being Dnd 8•Longlng' provided opportunllle5 for rnembers 8nd Iriends to eng890 wlth the Bocld justicè slde of our faith. wlth workshops roated in scripture throughout the doy. Moreover, In sprSng 2025 a group of members put ih61r lailh and scriptural knowledge into adon In protgSt agalnst the govemment'$ proposed cuts to disabillty beneffls. Th58 Involved wrttlng a lottér rooted In progressivo theology, using scripture to suppcrft their argumenls as one of the relevant cabinet memb8rs had spoken publidy about thelr Christian latth. Flmnclal revlew Th8 income for the year was £163,87712024.. £198,456) of which £31,68612024.' £39,936) was ￿Stricted income. The total expenditure for the year was £223,68812024.' £222,116), gf whlch £37,17612024'. £38,498) was ch8rg8d to ￿$tricted fund8. It 18 tsur 8Irn to reduce Ihe annual budget deficit to below £30,000 in th8 next financA81 year. wth 8 vlew to settlng a balanced in-year budget by 2025-26. The Iruslees and senior staff are working to achieve thls through increasing diversity in our source5 of Income and rggul8rly reviewing expenditure levels to ex)ntinue to make the best use of the charily's as8et5. THE STUDENT CHRISTIAN MOVEMENT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Going conceffl In the Dpinion of the trustees the ch8riWs 8ssets are av8il8blè and adequat8 to fulfil the obligaI.￿S 01 the charty. SCM h8s no surplus reserves. ReseNe$ and InV￿lMen18 The charity Snve¥ts accumulated resarvas to support th8 work ol the tharity and spread the benefit of legacy Income, whlEh is received episodlcally. At the end of the year the total of fr8e r8s8rves lunrestrlctèd funds not otherwl8B deslgnotedl w83 £8,23712024'. £56.0491. Tha fm ieserves pollcy 8nd how reserves are hdd Is regul8rfy rèvlow8d In the Iluht of Ihe t*Jdgel and ca$hflow rèqulrements. The tnjstees hav8 carelully ¢onsldared their r¢stsNès policy whith Informed by the charftable purpose of SCM and the Christian mor81 and social attllude8 ol tha charbty'8 b8n8ficlarl8s. SCM seeks to prodvce the bègt financial retum on the inv88lments wlthin an acceptable leval of risk. The Invgstmanl objectlve for Ihe short.term r8s8rves 18 lo prègetve capital value with a rnlnlmurn18vel ol risk, and a888t5 Should be readily 8VBllable tr) meel both plannerj and unanlidpatèd cash flow r8qulrements. The Investrnent oblectlve for the long-t8rn1 reserves 15 to ggnerole an Income lo support the ongolng activities of the Charity. wlth mlnlrnum tsrg?t of S% return per annum. If the Invastments achleve th8 target return, there 1$ no preference bah¥een Gapltal and In¢ome Teturns. The Iru¥tees c8n and are prepArèd to dr8w down on c8pltal to meet expgndltura needs. T178 Ch8Tily requlres that the short-18mi InveslmentB cen be r•&ll8ed wtthin o p8rlod ol three months. Th• Finanr and Staffing Advlsory Committe• wlll monitor the c85h flow ol the Charily and will revl8W thè na8d to make thdrawal from the investments when the cash h81d by the Charity in it5 bank accountlsl passés below a minirnum Ihr8shold of £30,000. SCM intènds lo draw down 8 r8gular income from Its investments from income 8ccumul8t8d, but moy need to include a draw down from capltal. The ¢wstee$ arn not oware of any planned spending beyond Tegulor c88h Ilow needs. SCM'S 888•ts can be Inve8led In ly)nd8, 8qultie8 and pmp8rty, or can bo hdd In c88h, but cannot b8 Snvesled In any $5•1 class&s b8yond these. The lavel ol cash held In short and long tem Investment5 Is lo bo re¥￿Wed in January and June each year In Ilne wlth the Inveslmgnts and Reserves Policy, an¢1 Ihe policy is revi￿0d in June e8¢h ￿81. Tha Flnance and St8fflng Advis(iry Committee am charged with agroeing a sultable 85Set allocatlon stratègy lor the reserves with th? investmenl manager. InveslFn8rit M4nagemenl, R8portsng 8nd Monltorlng. The Charity has appointed a professional investment manager to rnan898 the assets on 8 d13cr¢lonary basls In Ilno with this policy. Instructions to the Investrnent wnanager requlre the slgnatures ol tru5t888, or one Iruslee and thè secretary. The Invesim8nl manager will prDwde a quarterly r¢port detailing the valuation of the Investments. transaction8 rnade, performance 8n8ty515 8nd commentary. The Investment man8g•r Is nol requlr8d to attend all Finance and Staffing Advisory Committe& meetings, but 1$ oxp&cted to attelld the January rneeting and the Finance and Staffing Advisory Cornrnittee rnay request advice from them fTom ts.mè to ts'me. The Finance and Staffing Admsory Cornmltte8 ￿11 monltor the totsl fund valu8 of the Investment assets and allocation of asset classes on 8 qU8rterfy basis, and roporl to the trustee5. Th8 p8rfomiance benchmark Is a 5% return on the investments. Th& Finance and Staffing Advlsory Committee ￿11 revlew wheth8r thi5 retum in achievable wtthin the level of risk and thical con5ideraUons on an annual basis. and make any recommendations for actlon to the truBtee8. Majorrisks There have bèèn no signlficant events dU￿ng the past year that have affected the flnanual performanc8 or poslllon ol the ch8rity. The trustees monitor the financlal position ol th8 charity each qu8rter, Including budget and cash flow monitoring. with the investrnent portfolio being reviewed every six months. THE STUDENT CHRISTIAN MOVEMENT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 SCM is reliant on fundrAising and donations to fund Bnnual charitable expenditure. and depends on Inc￿rn8 from investments lo meet any shortfall. There is litu8 fl8xlblllty in SCM'S expenditure levels. but sorre r8dudlons can be Made if Ihe retum from investrnenls is lower than antlClP8ted. The short t8rm reserves are held to provide finanual secJJrity, moy be required at 8hort nots"c8. As such, the trustees ar8 not prepared to tolerat8 Capitol volatility, and Inv8Stm8nt of these assets Should be locussed on minimi5ing this. The long terrr reserves are hald to provide a r¢gular Incorne for SCM. The trustees are prepared to takè a moderate amount of investment risk in ord8r to Increase the chance of achiewng a good return on the investment, and understand that it is likaty that the capltsl value will fluctualts. Plans for fvturn p•rlod* ommunitl nfind In 2025126 we hope to rnolntaln a Steady number of SCM Communltl¢$ at universlbes across th• county. We will ntinu8 to support them by oflerlng rasources, check-lns 8nd advice. links with the wldef rnovement, an workshops wlth SCM 8tsff. We wlll also conts'nue to 5UPPOrt th& onllne Trans. Theology Group whith ha5 been an lrnportant space ol bging and belonglng for ils membèrs. We plan lo ruffl g range of events across th• ￿aT Including an online Ace and faith discussK)n pan?1 In conjunction w5th Ac8 Spoce London, We ￿11 once 8g@In be runnSng the Bonhoaffar European F41grlm8g8 to glve members the chance to ￿81t Berfln lo leam about the Iheology and Ilfg of Dlètrfch Bonhoeffer. Our annual Nkional Gothering In June 2026 ￿11 lollow 8 61mllaT format to thls yegr, wlih memt4rs gatherlng In Leeds for 8 day of theologic81 exploration. thls tlme on the theme ol 'Do good to Ihose who hate you.. How do we love our far-rlght nelghbour.. th In 2025126 wtr will contlnue with thè work on the Afflfrnlng Chdsll8nlty Ser￿8. wllh plans to publSsh Afflrnilng Chrlsll4n 8a8lcs by the end of 2026. Thls resource seek5 to provide an introducb'on 19 Chrisfjonty through an 8ffim)ing lens and be an altematlv8 toAlpha. don Chrfstian fa5 onat8 a Ther8 VAII be a change to the Falth In Action Project for the 2025-28 academlc year. Ona new pro5ect worker wll be ppoint8d rather than two. for a rol8 that will primarily locus on encouraging memb8rs to activlsm espeoally through sits to locBI groups 8nd coll8bor8tlon with other orgBnlsa￿ons e.g. JPIT. Thls project worker wlll also conunue to wrile and cr8atè res￿1CeS to encourage deeper thoologlcal thinking. ale le Church the worfd. rtun We hope to create further leadership opportunth'e8 through trvsteeshlp. IOCBI group leadership, and opportunitlèg to take ownershlp of &lemenls such as worshlp at th8 National Gathering. We wlll continue to support l¢adgr5 in local groups lo d8velop In confidence and faith. and we plan to continue using the Wh8t5App group lo share leadershlp dev81opment opportunities in otror orgBnisatlons and rellglous groups. Ex lo ro res radical Ih lo ch oiher eali eda We wlll continue ensuring that contrfbutors to the SCM bbg and Movement rnagazin8. and speakers at our event$. represent all part5 of our souety and the thurch, induding members of th8 LGBTQ+ comrnunity, people of wlour. di8abled péoplè. And people with differing Chri$tsan denominalions and political views. Further. we plan to contlnuÈ to invito studgnls to wntribute to tho blog and fnag8zine, and plafform emerging theologian5 by offering engagements at SCM events. Add￿'onal1y. we ￿11 contsnue to work with partner oTgani88tions to secure speaking opportunitiès for young theologian&. Such as at the Greenbelt festival. THE STUDENT CHRISTIAN MOVEMENT TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 8truclur•. 80￿m•n￿ •nd m•n•gern•nt The ¢hartty Is a eaftwny Ilrnited by guBf4nteo gov8m¢d by rt8 momor&ndum and ol •S8O￿atr)n Jatod 18th 2008 as arntrndod by spedal r•solullon$ dated 16 Juty 2012 and 8 July 2013. It is a Tegi61wed i*barity wlh the Charity En91gnd and Wales, ar4J Is fggistefgd th8 Offic• of lh• Scotush Chwty R•gdator. Th• Tru$t••$, ¥tho affj also the directors for Ihe purpo80 oloJmp•ny Iw, Ind ser¥*J durfng Ihe year and up lo lh• dalg of svJnafvr• oftho ffnonE4al stst•m8nts w•rn', JoJhu• HOLWI AWgoH HoHlngsworfh Mkhwl Dlckkn80n Anna P*nJornon R•ub•n j•n￿nI Samu•l Slrnmond Lux WHllaThk8 8orr¢l Eyrnl Jo8hua nnk•r-Rokl (R￿l￿n¢d 31 July 202SI IR•6lgn•d 31 July 20251 Ilppdnt•d 3 20251 lfvpwlnt•d 30Aprfl 20251 lfvwOnted l Augu8120251 R•crtfykn•nt and appoinlmont oltwsho$ Th• tlredora, •r• th• TnJ8té88, arn •tth•r •l•Gt•d by Iho mtmb8rn durfr#J th•AGM or r)>optod by th• truste 148 a body. There muBt bo • ol four tnMie86 and a rn8Klmum 0114. Th• rnomborn 8tteTrJlng the AGM rnty •l•ct up to ten iwstses. and Iho bogrd may D>opl &ddlUonal tnffjtees. Th• numbw of cxxwted tnJstee8 mu8t not •xe8•d hair th• n￿ts•r ol electod trutho. Ele¢t•d trusto•8 sorve for yeavB wlth effect from th• 18t August In the ygar of thg AGM at wh1¢* they wern olected. arKI are olWt4• 10 gland for fHlgcOon. Cowt•(l tr￿t•￿ 8•rv• lor 12 rtb)nlh$ from data of th•lr Inltlal appolnlment may b• ewt•d lor a fvFlher or y••rB. Orly lul rnornbgr¥ 8T• to $1ond for 81￿110n. Trust•8 Inthjclcn orKI trBlnlng C•ndk1atsB to stand for o1o¢don *r• •gk•d to pK¥vid• a sl•temgnl oullnmig th•ir r•a8on8 lor to bgwmts a tNsl••. These •r• made uv•h￿b￿ to tho m8mb•r8 ol SCM at 1op8t fvA> w88k9 batro tho AGM eo Ihat rn•mbws w •88•B8 lh• 8ultgb4ity of Ihg candldalfjs. B•loM th• AGM, aro hdd w th•1 m•mb•rn can ewnl quo•llon• to th• c•ndld•t•8. As the molority of trustees QT• onnually b• the membersNp. th1$ can gl¥• rfs• to skllls gapk Thejo ar• id￿tIfi¢d by S￿4$ audlts. and where gPP¥ 9T9 idontffi•d lrnlnlng Is ofved to Ihe 6vrr•nl Th1gt•es ts￿01• bolr 8¢wht In now m•mb•ri, Tru8100 dovolopment and tralnlng forn￿ an Important part of our oJrr•nt d•vakipm&nl plan and tru8t••1 partlc4pat• In a lrnining and Indudon programmè whlch ujvors the roleB and r¢w0n$l￿ll￿o9 ol InJste•s, glrntoglc annlng and flnand81 man&gemenl. Th? programrno also includ•s an Inductkjn Into the history, strudure, ¥8bJ•8 and work crf SCM. TTainin9 nè•d8 Orn a68e$8ed throughwl tho ygar, and addrtpX￿l training ￿ gff•rod whw• ￿￿0$$ary. The Innt•8s aljo appo￿11 • Crwncil of R•f•rewK•. •ct a8 an r*Jvlw body to tm Imst••g. Th• c￿nd1 of Referon¢¢ is madè up of Indlvldugls vAth 5kllls and gXP¢rtBn¢8 In areas Such as human ro8¢urw. chaiity )v8m8nce. finan￿ and man8g¢ménL The InJ8lee$ consuli wllh th• CowfAI of R•forenco on mattws a• st8ffing and fin￿Ce. and th? Councyl of A*ronu off•r and wpp(Kt. The ded9knnwmaklng aulhority re8ts wllh the Irustee8. Tho Trn8t•¥8' r•pc¥i*•A8 approved by the Board ofTnth8. gail HolllTrgsworth THE STUDENT CHRISTIAN MOVEMENT TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 10- THE STUDENT CHRISTIAN MOVEMENT STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees. who are also the directors of The Student ch￿s￿9n Movernent for the purpose ol company 18w. ar• responsible for prepartng the Trustees. Report and the financial statements in accordance with appllcable law and United Kingdom Accounting Standards IUnlte¢Y KSngdom Gener8llyAccepted Acixjunting Practice). Cornpany law requires the Trustses lo pr¢p8r8 financjal statements lor è8th fin8ncAal year whlch glve a true and falr vlew ol Ihe state of affairs of the Comp8ny and ol the incombng r?your￿ and appllcallon of r850urces, including the Incom• and exp8ndilur8, 01 the charitable company for th81 year. In preparing the88 flnanclBI stal8menis, the TruBt888 ar8 requlred to.. select suitable accountlng policias and then apply them consistenUy,' - observe thg mèthods and prtnclple8 In the Ch8rftles SORP., rnak8 ludgèm&nts and esbmates that 8ro reasonable and pnJdenl'. 81818 whether applic8ble UK Accoundng Stand8rd6 have be•n followed, Subject to any material depbrbJro8 dlsclosed and explained In tho flnanclal staternents., and prepare the fin8ncl&l statemants C￿ the g&ng conc8m ba818 unleu8 It Is In8pproprlate lo presume Ihat tha Company ￿11 ¢onUnu• In operation. Th¢ Trustees ofe responslble for ko¢plng adequate accountSrrfJ r•eords that disdose with re8wnable accuracy al any tlme the financl81 posit￿n ol the Company and en8bl8 them to •n8ure that the fln8nclo1 statern8n16 comply wllh the Companl8s ACL 2006. the Charlll8s and Tru51¢¢ Invèstment Iscouandl Act 2005 and the Charities A¢¢ounts Iscouandl Regulations 2006. They are also reSpon￿ble lor safeguarding thè a88•ts of the Company and hence for laklng r888on8bl8 Steps for the prevenllon ¥nd detection ol fraud and oth$r irraguiarities. THE STUDENT CHRISTIAN MOVEMENT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE STUDENT CHRISTIAN MOVEMENT I report lo the Trustees on my examination of the flnandal sl8lemenl$ of The Student Christian Movement Ilhe Companyl for the year ended 31 August 2025. Re8pon8lbllltles and basls of report As the Trustees ol the Comp8ny land also its directL)rs for the purposes of company lawl, you are responsible for the preparatson of the finanrAal stslements in a￿OrdanC6 with the r8quiremenls of the Companies Act 2006, the Chartlies and Trustee Investment (Scotlandl Ad 2005 and the Charities Accounts (Scollandl Regulations 2006. Yolt aré satisfied that the financial slalements ol the Cornpany are not fequiTed by charlly or company law lo aud¢ied ond have chosen instead lo have an Independent examinatjon. Havlng satisfled myself that the financlal statements of the Company are not required to be audll&J under Part 18 of the Companies Act 2006 and ar8 eligible for independent exarnination, I report in respect of my examination of the Company's financlal statements carried out under sectlon 4411llcl of the Charities and Trustee Investment (Scotlandl Act 2005 and section 145 of thè Charllies Act 2011. In carrying out my 8xaminalion I have followed the requirements of Regulation 11 of the Charities Acc(￿nIS (Scollandl Regulation8 2006 and the Direction8 given by the Charity Commission under section 145151(bl of the Charib'e$ Act 2011. Indep•ndent exaffllnerfg •tstemont I have completed my examination. I conflrm that no matters h8ve come lo my attentlon In connection wlth lh• examination giving me cause lo believe that In any materi81 re¥pect'. accounllng records were not kapl in respect of the Company a8 required by section 44111181 of the Charities and Trustee Investment Iscollandl Act 2005, Regulation 4 of the Charilles Account8 (Scotlandl Regulations 2008 and section 386 of the Companles Act 2006. the financial $lalemenls do not accord with those record8,' or th• financi81 statements ¢Jo not comply wllh the accounting requirernents of Re9ulatlon 8 of the Charities Accounts (Scollandl Regulations 2006 and the 8ccounting requirements of section 396 of the Companles A¢t 2006 other than any requirement that the finanryal slalem¢ntS glve a true and falr view, which Is ncrt a matter considered as p8rt of an inde￿ndent examinatlon., or the financial statements have not been preparèd In accordance wlh the methods and principles of the Stslement of Reeomm8nded Practice for accounting and reportSng by charllles applicable to ¢harfjlies preparing Ihelr financial slalements in accordance with the Flnanclal Reporting Stsndard applicablg in the UK and Republic of IreIar￿ IFRS 1021. I hov8 no concerns and have come across no other matters in connectlon with the examinatlon lo which attention should be drawn in thi8 report in order lo enable a proper und8rsl8nding of the finanual sialoments to be reached. Colln Dadswell FCA FCCA DChA Caladino Limited Chantry House 22 Upperton Road E8slbourne East Sussex BN21 1BF Dalo.. 12 THE STUDENT CHRISTIAN MOVEMENT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unr•Jtrleted R••trfcted fund• fvnd8 2025 202$ Total Unre•trict•d Re*trtcted lunds fund 2024 2024 Totsl 2025 2024 Not•9 Incom? from: Donations and 18gad•s ChBritabltr acUviti08 Investments 48,477 80,783 2,931 48.477 112.469 2,931 57,608 99.181 1.731 57,608 139,117 1,731 31.686 39,936 TO1￿ Ineom• 132,191 31,686 163,877 158,520 39,938 198,456 Exp•ndltur• on: Rai81ng funds Charltable acti￿tI68 19,777 166,735 19.777 203.911 17,685 185,933 17,685 204,431 37,178 38,498 Tot•1 •xp•ndlturn 186,S12 37,178 223.668 183,618 38.498 222,116 Net g8ln8101)u•s1 on I￿￿$tMent9 12 6,509 8,509 27,202 27.202 N•t Incom•ll•xp•ndttuT•I and mov•m•nt In lund• 147.8121 15,4901 153,3021 2,104 1.438 3,542 R•conclllatlon ot fund•: Fund balances at 1 September 2024 218.549 21,035 239,584 216,446 19,597 238.042 Fund b•lanc•• •t 31 Augu•t 2025 170,737 15,545 188,282 218,549 21,035 239,584 The ststement of Ijna￿[al Actlvitle8 Indudes 811 galn8 and Iosges recognlsèd In the year. All Income and exp8ndltUTe derive from eondnL*lng activitles. 13- THE STUDENT CHRISTIAN MOVEMENT STATEMENT OF FINANCIAL posmoN ASAT31 AUGUST2025 2028 2024 Flx•d ••••ts 14 153,739 177,706 Trado and oth•r rec•6vab C•sh #I bAnk hand 15 3,8Sg 33,315 1.088 64.905 37.1T4 14.6311 65,993 14,11S} Cwr•nt Il•blltth• N•t curmnt *•••ts 32,$43 61.878 Totsl •suts l••s ¢urr•nt114blllll 186,282 239,584 N•t ••wt• 186.282 239,S84 Th• fund• otth• Cofflp•Thy R•strfcled Ir￿A)Me fund¥ UnTestri¢téé fiJnd$ 18 19 16.545 170,737 21.035 218,S49 188.282 239.584 The vJmpqny Ki •ntM•d to lh• •xomplLm from th• •wJlt rnguIT•m•nt ¢oni•kn•d In ••ctknn 477 0lth• CCIn￿nI•l A¢1 2006. Icf tho year ewthd 31 Augu812025. Th• dlmclors aCknO￿edge thelr r98pon￿bIrt￿l lor comptylvJ wAth lh• wulrwMnt8 of th C￿Pan￿*S Act 2006 lth r08WCt to •ccountlng r•cordB the W9￿ratJOn offln9nclal 6tstemont6. The memb•rs hgv• noi Mqulmd th• ￿mp•TrY to ￿laIn an •udll ol Ilnandal 8tat•menls ts tho yo•r In qU￿11¢n In ac*ordanc• $e¢tion 478. Thos• fin•rKdal 8tst8monts havo been In •¢¢¥vd•rn• wlth the pro¥lBkn# •pple4trAq to wmp8nl•8 qubl•ct to Ihe Bmall corr4)anh& rnglrn•. 2.o.l.o.s/.2026 Th• IlnarKlal •t•t•rrrfnts were Apwovwj bylh• TNsto•8 on . .. . . Abigai Holllngsworth Tru6to• com￿Y re9lBtrd¢)n 06537095 lE￿n￿ Walo$l 14- THE STUDENT CHRISTIAN MOVEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 A¢￿u￿ting polici•a Company Inlormatlon Th8 Studenl Christl8n Movement is a private company 1Smlted by guarantee incorpor8led In England and Wale8. The reglslergd offl¢e Is GrayB Court, 3 Nur8ery Road. 8lmlngharn, West Midland5, B15 3JX. 1.1 Bag18 of pr•paratlon Th6 financial ststements havo been prepar￿ In accoTdanc8 vlth th¢ Companls Memorandum and Artldes of Assoualion the Companlès Aci 2006 and 'Accounting and Reporting by Charitoes.. Statement ol Recommgnded Practlee applicable to charities pr8p8rlng their accounts a￿)rdanc6 wlth the Flnandal Repo￿.￿ll Standard applicable in the VK and Republic of Ireland IFRS 1021 l•ffvctiv8 1 January 20191.. Th8 Cornpany is a Public Benefit Entity Ès defined by FRS 102. The Company haB takvjn advantage ol Ihe provi5ion8 In tho SORP for eharilles applylng FRS 102 Update Bulletin 1 not to prepare 8 Statement of Ca8h Flows. The financial slaltrments are Prepared kn st8rflng, which is the funcllonal currency of the Company. Monet8ry amounts In t￿$8 finandal stalemgn15 ar8 roundad to the nearest £. The financlal statemerts hav¢) been prepared under Ihe hl$torfcal cost Conv￿110n. Th• pAndpal accounting poIicA89 adopted are 8•1 out bdow. 1.2 Golng eone•m At the time ol approving Ihe financial slaternenl3, the Trustees have a re850nabl8 axpectalion that the Company ha8 adequat8 resource8 to conllnue IN operauonal existence for thè for8s•&oble lulure. Thus thè Trustees conllnue to adopl the going tr)n￿M ba8ls ol accounting in prep8rtng the financlal Statemonts. 1.3 Ch4rftsblg fund• Unresldcted ￿1ndS are avallabl& for u88 al Ihe dl3cr8llon of tha Trusle85 In fvrther8n￿ of their eharitable Objec￿Ve5. Reslrlcted funds arè subl8ct to specthc condllions by donor3 or grBntors as to how th8y may b• used. The purposes and uses of th8 restrlcted funds are sel crtjl in tho not68 to the financlal st8t8m8nts. 1.4 Incom• InrA)me 1$ iecognised when the Comp¥ny Is18gally ents'tled to118ft8r any performance condllkms have b88n m•t. the amounts can be me8Bur8d r•ll8bly, and Sl is probable thAt incom& VAII be received, Cash donatlDns are recognlsed on recelpt. Other donations are recognS88d once the Company has been noufi8d of the donailon, unl888 perforrn8nce conditions require deferral of the arnounl. Incorne tax r8cov8roble in rèlation to donat￿n$ rec8iv8d under Grft￿d or deeds of coven8nt Is recognlsed at the Ome of th8 donBtion. Lpg8cles gre recognised al the earlièr of th• date which.. Ihe chadty Is aware of Ih8t probale has been grante(J', the esla¢e has boen finallsed and the ex8CUtors havè noilfied the charity that 8 distritsjdon will be made., or when 8 distribution Is received from the 85tBte. R8ceipt of a legacy 15 only considered prob8trAe when the amount can be measured Teliably and the chorily has been notifièd tsf the exec￿10T.$ Sntenlion to make a i11stributi￿. GT8nts, whéth8r ol a capiial or revenue nature, are recognised when the gh8rity has entitlement to Ihe fund5, any perfortnanGe conditions have be8n met and it is probable th* the income will be received. 15- THE STUDENT CHRISTIAN MOVEMENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting polSclvs {Contlnuedl InttJm• Is only defeThed and included in crediiors when.. The incorne relates to a fulure accounllng period A sale8 Involce ha5 been raised 8h88d of the work being c8rr18d out and there 18 no contraciual enuugmènt to the Incorne until th8 work has been done Not all the terms and conditi￿8 ol the granl have been m81, Including Ihe Sncurring of oxpenditure and the grant cjjndilions ar8 5UGh that unspenl grant must be refunded 1.5 ExpendltUTg Expendrture is recognl8ed once there 18 a leg81 or CLm8tnJctlve obllgallon to transfer econornlc bengfft to a thlrd party, 11 is probable thot a transfer ol ewnomic banefits wll be requif8d In settlement, and the amount ol the obllg8llon be mea8ured rellably. EX￿nd￿l￿re is classified by 8th"vlty. The costs of each o¢tlvity ara made up ol thé total ol dlrecl costs and shared costs, induding aupport Costs involved in un¢Jertakln9 each acts'wly. Direct eosts attributsbb to 8 single 8Ctlvlty are allotAitd dlr8eUy to that actlvity. Shared costs whic* conldbul8 to more than one Bctlvlty and support costs whlch are not attTlbutable lo 8 single acliwty are appc*tioned bofften those activitl8s on a basis consistent wllh the use of re80urceg. Central stsff c0518 are allocated on the b8818 of tlmo spent, and depreciation tharg88 aro allocatèd on the portion ol the a55et'S Use. Expenditure is recognised once there Is a legal or constnjetlvè obllg8tlon lo rnake a payment to a thSrd party, li 1$ probable thal the selllement VAII ba Tequlred and th8 amount of the oblwation c8n ba me85ured rellably. Expenditure Is dD85ified under the lollow'ng actlvlly hè8dlngs'. Cosls of r¥lslng funds . Including those assodated wllh fundr819Sng actNitle8, m8naglng Investrnenls And cornrnerdal tradlng by the $ubsldlary company. Charitable acb'vi1Ses- cosls ol undertaking Ihe work of thè charfty. The charity 18 not r•glst8red for VAT and cannut rgcov8r any input tsx chargèd. Costs are ststed Indu$ive of VAT where chargèd. Support Costs are thos• functions which 8s$lst tha work ol the charNy either by supporung the dellvory of charlt8t4e aC￿vItIeS or by supporting thè 98nèr8tion of funds. Thèy Include siaff costs, propèrty cosis, Insurance, markèting. back office functlons. staff travel, recrultrnent and tralnlng, govemance costs and profe8slonal lee8. 1.6 Non4urr•nt Invg#tm•nts Fixed assèt Investments are init1811y rneasured al tr8nsactlon prfce exdudSng Ir8n58cNon costs, Bnd arè ubsequently rneasured at lair value at each reporting d8t&. Changes in lair valuo are recognised n8t Incomellexpenditurel for th• year. Transaction costs arè expensed a5 Incurre(l. 1.7 Cash and cash gqulvalents Cash and cash equivalents Indude cash In hand, deposits held at call wllh banks, other short-term liquld Investrn8N15 with original maturiti8s of three monlhs or less. and bank overdrafts. Bank overdrafts are shown wKhln borrowlngB In current liBbilltles. 16- THE STUDENT CHRISTIAN MOVEMENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢countlng pollel•8 Icontlnuedl 1.8 Flnanelal Instrument8 The Company has elected to apply the provisions of Sedion 11 'Baslc Financlal Instrument$. and Section 12 'other Fln8ncial Instruments Issues, of FRS 102 to all of Its flnandal instrurnents. Flnanaal instruments are recognised in ihe Comp8nWs balance sheel when th8 Company becorn88 party to th6 contractual provlslons of the instrument. Financlal a￿91£ and Ilabllitle8 are offsat, ￿th Ihe nel amounts pr•sented In the financlal stal&ments, when Ih8r8 is a legalfy enforceab18 right to set off th8 recognieed 8mounts And ihere18 an Inton￿on to setue on 8 nel b8515 or lo reallse the a55818nd setu• the liablllty slrnult8neously. B•sle fln•ncl•l •Mets 885ic fin8nci81 assets, whlch Includè ir8d• and other rec81vAbl•g and cash and bank balances, are In5tlally m68sured gt transactlon Indudlng transaction costs and are subsequ8ntSy carried at arnortlsod cost using the effective interest method unle85 the arrangem6nt constitute8 a financing transaction, wherg the transactlon 18 me88ured at Ihe present valuè of the luture Tecelpts dlscounled at a mathet rote of intere8t. Financial assèts dassified 85 receivable vAthin one year are not amorU$sd. Ba51e Iln•nelal114biliti•• Basic financial Ilabilities. indudln9 Ira¢J8 4nd other payables and bank loans Bre Inltlally recognlsed at tr8n¥8ellon prlce unless the 8rr8ng8ment consulules 8 finanelng transaction, vknèra the debt instrument is m&a$ur8d at the present valua ol the lulure payment$ discounted al 8 rn8rket rote ol Inlere$t. Flnandal Ilabilities cla951fied 85 pÉyabl• wlthln one year are nr)t amortls8d. Debt Instruments arè subsequendy carrfad at amortlged cost, uslng the effectlve Inlere¥l ratè mathod. Trgde payables are oblpjations to pay for goods or séNlcé8 that have been acquired In the ordlnary courso of op&rotknns Irom suppllers. Amounts payablo ore das81118d as ￿rrent liabilit18s If payment is due withln one year or le8B. If not, thgy are presented 85 Mc￿-CUrrent Ilabllltles. Trade payables are rocogni68d in￿O11Y at tr8nsactlon prlc• gnd subsequently measurad at amortlsed c05t uslng the ttffecove Interest rnethod. Der•¢ollnftlon ollln•ncl•l Ilabllltl•¥ Finanrial118billtl•8 ara derecogn18ed when tha Compony's contractual obllgAUons explro or are dlscharged OT cancelled. 1.9 Emplgy•• b•n•ffts The cost of any unus8d holiday entillom8nt 1$ recc*Jnlsed in the pprlod In whlch the employ88's servlces are received. T8rminaUon ben8fits are recogni5ed Immediately as an expense when the Company 15 demun8trBbly committed to lerrninale th¢ ¢mployment of an employ8e or to prowde termin8tlon banefits. 1.10 R•tlrement benefits Payments to defined conlribLrtion retlrement benefft schames are charged 89 an 8xp8nse as they tsll du&. 17- THE STUDENT CHRISTIAN MOVEMENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Crttlcal accounting e•tlmates and ludg•m•nt• In the apF4ication of the Ccfflpany's aeeounfjng pc41deB, the Trustees are rorjulred to make ludg8mants, estimates and 8¥sumptlonB about the carrying amount of assets and liabilbties that ore not r88dlty 8ppar8nt from other sources. The esb'm8tes and associated assumpt1￿$ are based on hlstorical experfencè and other tsctors that are consldered to be relevant. Actual ro$ults may dlfferfrom thes& eS￿rnatas. The estlmates and unclerfylng 88sumptiong 8r¢ revlewed on an Ongolng bas13. R8vlslons to accounting o$tlmatss are recryJnls8d th8 perSod in whlch the egtimate is rèvlsed where the revl¥lon effects only that pèriod, or in tho pedtsd of the r8vlslon and futur& perlod8 whwg the revlslon 8ff¢cts both currenl and future p6riods. Incom• from don•tlon• •nO1•g•cI Unre•trlct•d Unr••trlctsd fund• fund¥ 2025 2024 Don8tion6 and gm$ Loga￿•8 48,477 SS.808 2,OCIJ 48.477 57,608 Don•tlons and qfft• General donallons Glft ald 43,670 4,807 49,166 6,442 48,477 55,608 18- THE STUDENT CHRISTIAN MOVEMENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Charltable actlvltle• hlomborshlp Mernbershlp & outreach & out￿0d) 2025 2024 S818 of resourcog Grants and other Ineom Events inccrfne Membgrshlp lee 5,417 104,751 1,703 598 1,256 134.280 2,951 630 112.469 139.117 An8lyg18 by fund Unrestricted fund8 Re8trfcted lund8 80.783 31,688 99,181 39,936 112,4e9 139.117 Grants •nd oth•r Incom• Prolect Bonhoeffgr JA Trust The Joseph Rank Trust Other le88 and In￿m8 30,101 70,000 48,0ty) 50,000 10.000 26,280 4,650 104,751 134.280 Inc¢m• from Inv••tment• Unre8trlcted Unmtrfct•d lundi fund¥ 2025 2024 Other Income 2,931 1.731 19- THE STUDENT CHRISTIAN MOVEMENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Expenditum on rahlng fund• Unr•8irfct•d Unrnstrlet•d funds fundi 2025 2024 Fundrnlslng and publlclty see￿n9 donatlons, grants and le98dg8 Staglng Ivndr8lglng •vants Stsff costs Support costs 1.087 149 16.113 565 40 13,467 1,183 17,914 15,288 Inv￿lmont fflanag•mgnt 1,863 2,397 Tolal c08ts 19.777 17,685 -20- THE STUDENT CHRISTIAN MOVEMENT NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Support costs allocat•d to Jctlvttl 2025 2024 Staff costs Premises costs Insurance Marketing. web8lt8 & br8ndlng Posl898. 5tatlon8ry & phone Travel & subsldenctr Voluntaor axpenses Sundry costs Slaff recrultment Govemgnce cost8 99.366 6,883 985 11,723 13,566 8,721 4,536 182 1,174 3,984 99,656 5.445 825 7.443 14.446 9.150 8,348 72 1,277 3.929 151,120 150,591 Fundr8ising Mernberyhip & Outr¢•¢h Projects Operational 1.652 12.700 14,349 122,419 1.781 8.661 17.493 122.656 151,120 150.591 2025 2024 Gov•mJn¢• costs compr1••: Ind¢wnd•nt examlnauon fee6 Account8ncy LegBI and prof8sslonal Bank th8rges 660 1.442 1,320 562 1,380 1,320 629 3.984 3,929 Nèt m(trv•m•nt In fund• 2025 2024 Tho net movement in funds 15 $ts1gd Aft•r chargingllcreditingl.. Fees payable fDT the ind8pènd8nt axamination of the charitys fin4ncial ststernenls 060 6C¥) 10 Truste None ol the Trustees lor any p8rsons connected with Iheml re¢¢ived any remvnerathon or benèfits from the Cornpany during th8 ye8r. -22- THE STUDENT CHRISTIAN MOVEMENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 11 Employ••• The overage monthly number ofwnptyees durfng the year wa8.. 2025 Numbgl 2024 t4umb•r Employm•nt co•ts 2025 2024 Wagas and salades Socl818e¢urlty cost8 Other penBlon coBt¥ 752,675 6,142 9.164 147.223 6,020 8,916 167.981 162,159 Ther• no •mpk)y8es whose annual rernuneratknn was more than £60.000. R•mun•rntlon of kèy man•g•m•nt p•r•onn•l The rernunerntlon of key management personnel wa$ J8 follows.. 2025 2024 Aggregate compen8allon 54,028 51,401 12 G•ln• and lo•••• on Inv••tm•nts UDr•*trlet￿ Unr••trlct•d lund• nds 2025 2024 G8lnsl{10ssesl ari85ng o¥): Revaluation ol inve8tment¥ Salè of inv¥stments 6.035 474 20,334 6.868 6.509 27,202 13 Taxatlon The tharity ￿ exgmpl frcrfn taxauon on its actMtie$ bè¢aus8 all Its income is 8pFlied for chAiitable purposes. -23- THE STUDENT CHRISTIAN MOVEMENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 14 Flxod us•t Inv•stm•nti Llstsd Inv•gtm•nts Cash In portfollo Totsl Colt or valuatlon At 1 Sep18Fnber 2024 Addlllons V8lu8Uon ch8nB DIsp06als 177.806 1,387 6,035 131,3891 100 177.708 1,387 6.035 (31.3891 AI 31 Augu812025 153,639 100 153,739 C•rylng amount At 31 August 2025 153,839 100 153,739 Al 31 Augu¥l 2024 177.606 100 177,706 16 Tr•d• and olh•r r•c•lv•bl•• 2025 2024 Amount• falllng duD wlthln on• y•Jr: Other r¥¢&lvables Pr8payTherhts ond oxruttd income 2,800 1,059 1,088 3,859 1,088 18 CuTh•nt Il•blll¢l•• 202$ 2024 Other lax8tkJn 8nd sodal securfty Accru815 and def8rred Incorne 2,375 2,256 1.493 2,622 4,631 4.115 17 Retlr•m•nt ￿n•t11 schemes 2025 2024 D•fin•d contrlbutlon •chemes Charge lo profit or10ss In r•spect of defined contribution Schemes 9,164 8.916 The Company (werates a defined ￿ntribUtion pension scheme for all quoli￿.ng ernployee¥. The assets of the scheme are hehl separately from those of the Company in an independenuy adminlstered fund. -24- THE STUDENT CHRISTIAN MOVEMENT NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 18 R•strlet•d fund• The restricted lund8 of the tharity comprf8é the unexpended b81ances of donatlons and grants held ort trust subject to 8pecifSc condldons by donors 8$ to how they rnay b8 used. Mov8ment In lunds In¢ombnq Rwourc•i rnBourc •XPond•d BAlancA At 1 S•ptamb•r 2024 B•l•r+ce at J1 AuguAt 2025 M¢mbwshlp, outreach and publlcotions Projects IFJlth In Acllonl Prol8cts (Hone81 Ch￿￿h) Projects (Allyshlpl Progre6slve Ev8ng•llsm 1,483 2B.787 13391 134.9611 12281 19031 17451 1,179 9,235 416 2,460 2,255 15,429 1,927 3,000 1.436 21,035 31.886 137,1761 15,545 Mov•m•nt• for th• y••r •nd•d 31 Augu•t 2024 Mov•m•nt In fund• InGomlng R•wurr** •xp•nd•d B•￿￿¢• •¢ 1 S•pt•mb•r 2013 J1 Auqu•t ZDZ4 Membarshlp, outreath Bnd publlc8tlon8 Projects IF8llh In Ac￿0￿) Projects (Honest ChU￿h) Proj8Ct8 (Amyshipl Operatlonal Progr&ssiv8 Evangelism 825 14,830 904 3,038 35 15,429 38.068 135,4671 13971 11.8441 733 137 3,000 1,927 3,000 19.597 39,936 138,4981 21,035 -25- THE STUDENT CHRISTIAN MOVEMENT NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 19 Unrnxtrlcted fund8 The ineome fvnds of the charity Includè th& following deslgn8ted fvnds ￿lch have been 8el a81dè out of unrestrfcted fiJFKls by the twstees for spedfic pu￿0￿8￿.. At1 8•pt•mbeT 2024 In¢omSng r•*aurce• R•sOuT￿l expoTrd•d Galn5 and At 31 August losses 2025 Future IosBe$ G8n8ral funds 162,500 56,049 162,5rxi 8,237 132,191 1186,5121 6,509 218,549 132,191 1186.5121 6,509 170,737 Pr•vlou• y•ar: At1 S•ptembor 2023 Incomlng r•8ourc•• R•sourc•• •xpend?d G•ln¥ and At 31 Augu•t 1098eg 2024 Future los￿¥ Gener81 fiJnds 102,500 53,945 182,500 56,049 158,520 1183,6181 27,202 216,445 158,520 1183,8181 27,202 218,549 20 An•ly•l• of n•t a•••t• b•tw•en fund• Unr•*trlct•d fund• 2025 R••trfct fund¥ 2025 Totjl 2025 At 31 August 2025: Investm￿t& Current a88etsll118blllt1&81 153.739 16,998 1S3.739 32,543 15,545 170.737 15,545 188.282 Unrestrlct•d funds 2024 Re8trlet•d lunds 2024 Total 2024 At 31 August 2024: Investrnents Current assetsllliabilitie$l 177.706 40,843 177,706 61.878 21,035 218.549 21,035 239.584 -26- THE STUDENT CHRISTIAN MOVEMENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 21 R•lJted party trnM•Ctlons Thero wem no disclosable related party tran8#dons durfng ihe year {2024- none). 27-