The Oxford Evangelical Pastoratè (a company limited by guarantee) Charity Number: 1136848 Company Number: 7161962 Unaudited Accounts for the year ended 30 September 2024 Wenn Townsend Chartered Accountants Oxford
The Oxford Evangelical Pastorate Reference and Administratlve Infomiatlon for the year ended 30 September 2024 Trustees: Professor Ewan McKendTick (resigned 3151 December 2023) Dr Anne Keene (resigned 6Lh June 2024) Revd Professor Joshua Hordem Professor Ard Louis Mr John Tranter (resigned 1st January 2025) Professor Timothy Maughan (appointed 1SI January 20241 Mr Andrew Down (appointed 1# January 2025) Professor Lorna Smith (appointed 1st January 20251 Council: Revd Stephen Foster ex officio Dr Kezia Gailskell Revd Mark Hay (appointed 6th June 20241 ex officio Revd Dan Heyward ex officio Revd Professor Joshua Hordern Dr Anne Keene (resigned 6th June 2024) Revd Dr Michael Lloyd ex officio Professor Ewan McKendrick (resigned 31Sl December 2023) Revd Vaughan Roberts ex officio Professor Lorna Smith Mr John Tranter Professor Timothy Maughan Dr Matthew Kirkpatrick Chair: Professor Ewan McKendrick (resigned 31SL December 2023) Professor Timothy Maughan (appointed 1st January 2024) Secretary to the trustees: Ms Claire Shuttleworth Registered Address: 33 Jaok Straws Lane Headington Oxlord OX3 ODL Accountants: Wenn Townsend Chartered AGcountants 30 St Giles Oxford Bankers: Lloyds Bank 1- 5 High stet Carfax Oxford Investmont Managers: Walker Crips 103- 105 Bunhill Row London
The Oxford Evangelical Pastorate Contents Page Report of the Trustees Report of the Independent Examiner Statement of Financial Adivitie5 Balance Sheet Notes to the Financial Statements
The Oxford Evangelical Pastorate Report of the Trustees for the year ended 30 September 2024 The Trustees, who are also directors of the Charity for the purposes of the Companies Act, submit their annual report and financial statements for the year ended 30 September 2024. The financial statements have been prepared in accordance with the accounts'ng poli¢ie5 Set out on pages 10 to 12 and comply wlh the ¢harity'S Trust Deed and applicable law. The Charity is a charitable company limited by guarantee and was set up on 18 February 2010. It is governed by a Memorandum and Articles of Association. Structure, Governance and Management The Charity was established on 18 February 2010 and assumed the assets and liabilities of the original charity of the same name. Ils objects are to promote amongst students and olher members of the University of Oxford a true and lively faith in Christ and a knowledge of Divine Truth as held by the Church of England since the Reformation. When the original charity was established a sum of money was provided to enable Pastor to be appointed to cary out the objects of the Charity by way of social contact. private teaching and public speaking. At present. the principal locus of the charity's actbvities is the community of postgraduate students and researchers at the University of Oxford. During the year the Charity operated under the guidance of the Trustees (who are members of Council) and together with the Council Members. met regularly throughout the year to discuss the overall direction of the Charity- Day-tTrday executive decisions are taken by the Chaplain in consultation with the Chair and with the other Trustees. Those Trustees and Council Members who served in the year are detailed on the Reference and Administrative Information page. Tnjstees are appointed by Council and new Trustees spend time with the existing Tnjstees to ensure they understand their responsibilities and the legal and financial framework in which the Charity operates. For reference all Trustees are issued wth the Charity Commission's publication 'The Essential Trustee-. What you need to know. what you need to do'_ May 2018. Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance wlth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law reqLfrires the Trustees to prepare financial ststements for each financial period which give a true and lair view of the Charity's financial activities during the period and of its financial position at the end of the period. In preparing these financial statements, the Trustees are required to.. Select suitable accDunling policies and then apply them consistently- Observe the methods and principles in the Charities SORP 2019 (FRS 102).. Make judgemenls and estimates that are reasonable and prudent-. stste whether applicable UK 8ccounb.ng standards and Stalements of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial slalements. Prepare ihe financial statements on the going concem basis unless it is inappropriale to presume that the Charity will continue in operation. The Trustees are responsible for keeping aGcounting records that disclose wth reasonable accuracy the financial position of the Charity and which enable them lo asGertain Ihe finanGial position of Ihe Charity and to ensure that the financial statements comply with the Companie5 Act 2006 and with the Memorandum and Articles of Association. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Oxford Evangelical Pastorate Report of the Trustees Icontinuedl for the year ended 30 September 2024 Risk Management The Trustees have considered the major risks affecting the Charity and consider that there are no risk5 of significance. Financial risk is under control and is not Significant. The Charity's assets are invested in a diversified portfolio of equities, funds, bonds and cash managed by an independent investment manager. Cash is also held in the Charity's current account, so it is unlikely that investments will have to be realised in disadvanlageous circumstances with consequent adverse impact on the Charity. The Pastorate's Safeguarding Officer for 2023-24 was trustee Anne Keene, all trustees are asked to complete basic Safeguarding training, and Safeguarding is an agenda item at each tTV5tee meeting. Objectlves and Activities The Charity seeks to promote a true and lively faith in Christ and a knowledge of divine truth among students and other members of the University of Oxford. The Principal focus of the Ch3rity'5 activitie5 IS the community of postgraduate students and researchers in the University. The Charity serves the postgraduate and research community and, through them, the world. The Charity employs a Chaplain who leads a ministry team seeking to present the Christian Gospel to this community, supporting postgraduates as Ihey learn how to live out a tnje and lively failh in an academic context. Achlevements and Performance The Trustees and Council have continued to hold regular meetings durlng the year. Council meets at least three times per annum. with the Trustees meeting as required and at least three tirne5 per annum. The Trustees and Council have undertaken a detailed review of the aims of the Pa51orate and how they may best be met in the early decades of the twenty-first century. They have critically evaluated the process of governan of Ihe Pastorate with the intention of increasing transparency and designated lines of responsibility. From 1st September 2023, Dr Bethan 1115, was appointed as Acting Chaplain after Revd Dr Jonathan Brant moved on from his role as Chaplain to lake up the role of Dean of Research at Wycliffe Hall. After a thorough appointment process, with over 30 applications of high caliber from around the world, the Trustees were pleased to appoint Dr Bethan Willis to the permanent position of Oxlord Pastorate Chaplain from the 1st July 2024. The work of the Chaplain and the staff team is reviewed regularly at the meets-ngs of the Council and by the Trustees. During the period of activity covered by this report the Chaplain and staff team have continued to serve the postgraduate and Search community of Oxford University through the following programmes and activities- Chaplaincy and Outreach: Postgraduate Student Welcome (PSW) With Freshers Fair having retumed to the Examination Schools from October 2022, in partnership with volunteers from local churches and the Graduate Christian Forltm, we handed out flyers for a number of welcome events including a Postgraduate Welcome Dinner at St Aldates Church. and back by popular demand a cream tea for postgrads with spouses and families. a walking tour of Oxford. and a C.S. Lew¢s walk, featuring Shotover Hill. We were able lo host 150 for the Welcome Dinner. Each table was hosted by current postgraduates or academic5 from local churches. and there was a short talk from a Christian faculty member about navigating Oxford su¢cessfully as a new postgrad. Many of those who attended were inlematronal. and of all faiths and none. Some come just thankful for the offer of a free meal, while other5 are seeking answers to Iheir big questions about life and faith. Each year we are also aware that, for some, this may be the first time they have ever set foot inslde a Christian Church. Stella Aldwinckle Series: In post for a remarkable 25 years - from 1941 to 1966 - Stella Aldwln¢kle was the first Pastorate Chaplain to women sbjdenls. One of her most notable achievements was the founding of The Socratic Club. Established in response to Student demand from Somerville College, she asked C. S. Lewis to be its first President, whilst she worked behind the scenes as its Chair. The Club quickly became one of the most vibrant forums for religious debate in entIeth-century Oxford. Inspired by Stella, and her friendship with Iris Murdoch, we established Ihis series of discussion events for postgraduates and early career researchers promoting conversation among those of different research interests, and of all faiths and none. on key themes relating to philosophies of life.
The Oxford Evangelical Pastorate Report of the Trustees (continued) for the year ended 30 September 2024 In June 2024 the Pastorate hostsd the third annual seminar in this series. The event, 'Seeing Clearly.. How do we cultivate vision in cynical and challenging times?. was held on 14th June at Somerville College. Discussion was framed by our invited speaker Dr Alicia Smith, Fellow at Corpus Christi. Cambndge who introduced T S Eliot's work as an example of the ways in which poetry, myths and narrative can help us see the worfd, and ourselves, more clearly. The Chaplalncy Team: The Oxford Pastorate serves a remarkable community at the cutting-edge of their disciplines and with experience and expertise across a range of subjec15. We are fortunate that many called and gifted ministers are willing to join us in serving this talented, international community. We are grateful for the exceptional team and continue to benefit from secondment agreements with other ministries and foundations. Year-long formation and learning communities: christs.an Leadership and Service offers a year-long programme of community, mentoring. teaching and prayer for postgraduates and post-doctoral students who are leading initiatives in Oxford or are likely to be in future leadership positions after they finish their studies_ In 2023-24. a cohort of 12 student5 participated, led by ASSlate Chaplains. Kay Rumford and Daniel Weninger. Guest speakers included a former vicar. senior ivil servants, and business people. The students also spent a day retreat considering their vocation and engaged in lunchtime discussions on theme5 including humility. ambitson and courage, particularly thinking about how these would be seen in leaders. They spent a full day wtth others reflecting on theme5 relating to vision. There are now more than 120 alumni of the programme dispersed around the wortd and at work in academia, business. charities, medicine. the armed forces, banking, the law and church leadership. Christians in Academia offers a year-long programme of scholarly community. mentoring, teaching and prayer for postgraduates and early-career researchers who are exploring a calling to academia and scholarship_ In 2023-4, 10 students participated in a group led by Dr Bethan Willis. and Professor Lorna SmÈth of St Hilda's College. University of Oxford. Students spent a day retreat considering their vocation at Stanton House and engaged in discussions on themes including humility. ambition and joy in research. A new Wision Day conference was convened May 2024 to help both Pastorate formation groups and other invited sludents lo consider how they might cultivate a vision for their field of expertise and their own role in seeking transformation within their field. Speakers included Dr Vinoth Ramachandra, Tim Adams, General Secretary of IFES. and ProfessorTim Maughan. The intention is to make this an annLtal conference. Partnership with Developing a Christian Mind: The Pastorate has a close working partnership with Developing a Christian Mind (DCM). which provides two conferences each year for postgraduates and academics to encourage the integration of faith and intellectual life. Oxford University academics led DCM while the Pastorate provided contracted staff to coordinate the conferences, mobilise students and boost participation. In 2024. the Developing a Christian Mind conferences ran at full capacity- Christianity & the Life of the Mind Conference took place on 26th and 27th January at Jesus College's Digital Hub. with 123 attendees. The Seeking Wisdom Conference took place on 151h and 16th March at Magdalen College with a dinner at New College and 108 attendees. Both conferences featured new faculty speakers and the January conference included dinner within faculty homes for every attendee, and allendance of a delegation of faculty mernbers and ministry partners from University of Wis¢onsin-Madison with the aim of replicating the event in Madison. Wisconsin in the USA. Partnershlp with the Global Faculty Initiative: In 2023-24, the Pastorate continued to develop its partnership bmlh the Global Faculty Initiative. a project that seeks to promote the integration of Christian faith and academic disciplines by bringing theologians into conversation with scholars across the spectrum of faculties in research universities worldwide. The Pastorale partners with the Faculty Initiative in much the same way that it partners with DCM in providing adminislrative and management support for the busy academics who lead the programme. In addition, ihe Pastorale team provide expertise in the production of study guides and other materials, and in organising and leading in- person and online Global Facutty Initiative events. In 2024 the team piloted and completed the publication of
The Oxford Evangelical Pastorate Report of the Trustees (continued) for the year ended 30 September 2024 study guide5 on the theme of Justice, took on a freelance contributor to develop fvrther study guides and contributed lo an online colloquium on the use of GFI materials. Financial Review and Reserves Policy The total income raised during the year was £128,583 (2023: £166,396) and expenditure was £180.215 12023.. £172,440). After including market value gains Dn investmenls, realised and unrealised. of £57,661 (2023. losses of £45.6631, the surplus from unrestricted reserves was £8.413 (2023-. deficit of £66,886), with £nil (2022.. nil movement> on designated funds, and a deficit of £2.384 {2023. £15.179) on restricted funds. The charity holds funds for future operatin9 requirements. At 30 September 2024. the charity held £1,232.527 {2023: £1,224,114) in unrestricted general funds. The level of unrestricted reserves held is sufficient to cover the budgeted operating expenditure for the foreseeable future. Public Benefit The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exerGising their powers and duties. The Charity works to promote a true and lively faith in Christ and a knowledge of divine truth as hekf by the Church of England. Its advancement of the Christian faith is consistent with the promotion of a positive moral and ethical framework demonstrating that Christian faith has a benefiGial impact on society. particularly through the cultivation of virtue in postgraduates Wlth the aim of developing good leaders and wise thinkers. While the primary focus of the Charity's beneficial activities is on student members of the University of Oxford. the extent of the benefit is experience¢J more WTdely through the interaction of students, academics working in the University, Trustees and members of Council with wider society. This is achieved, for example, through public lectures addressing topics of contemporary social relevance. through programs facilitating the integration of international students into British society, and through partnering with other national and international Institutions in the delivery of the religious-. academic- and character- focused pro9rams listed above. The expectation is Ihat growth in Christian discipleship amongst students of Christian faith. and growth in practical wisdom amongst students of other or no religious faith. will help Oxford Universily postgraduates to develop the integrily and character which will equip them to be more effective leaders across many fields in all parts of the world throughoLrt their careers. Plans for Future Perlods Since the appointment of a Chaplain in September 2008 the Charity's foGu5 ha5 been on the promotion of Ihe Christian faith among the postgfaduate and research community of Oxford University. This work will continue. led by the Chaplain and a team comprised of Associate Chaplains. Program Coordinators and an Administrator. There will continue to be a focus on personal contact by the Chaplain and the team with postgraduate students- and on the organisation of events, independently or in collaboration wtth the Oxford city-centre churches, the Graduate Christian Forum in the University, the chaplains of colleges and other, local organisations. We are continuing to develop our funding partnerships to resource the growing mission and ministy. In 2024. in addition to partnerships with.. Developing a Christian Mind and The Global Faculty Initiative.. the work has been supported by individuals, local churches and Christian societies, and a number of small funds, includlng the Ashburnham Trust, the Vine Trust and Ihe Marsh Christian Trust. We have continued running development campaigns over the summer months, encouraging existing financial donors lo increase their giving and inviting new donors to commit to givlng to the Oxford Pastorate. The results of the 2024 campaign have continued at the same increased level as 2023 with givlng from individual donors at £15,000 per annum.
The Oxford Evangelical Pastorate Report of the Trustees Icontinuedl for the year ended 30 September 2024 We expect our partnerships to develop in new ways now that a new Chaplain has been appointed. and for new partnerships wtth Wycliffe Hall, The Renaissance Project and others to develop. Fundraising efforts will also be an area of focus, with a goal to increase giving in future year5. The work of the Charity will continue to be reviewed at regular intervals by the Trustees and Council. Small company exemptions Advantage has been taken in the preparation of this report of special exemptions applicable to small companies This report was approved by the Trustees on . 2025. Andrew Down Trustee
The Oxford Evangelical Pastorate Indopendent Examinerfs Report to the Trustees of The Oxford Evangelical Pastorate I report to the charity trustees on my examination of the accounts of the charity and the group for the year ended 30 September 2024 which are set out on pages 7 to 19. Respective responsibilities of trustees and examiner As the charity trustees (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance wtth the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounls of the charity and the group are not required to be audited under Part 16 of Ihe 2006 Act and are eligible for independent examination, I report in respect of my examinatson of your charity's accounts under section 145 ofthe Charities Act 2011 {'the 2011 Act.). In carying out my examination I have followed the Directions given by the Charity Commission under section 145(51{b) of the 2011 Act. Independent examiner's statement I have completed my examination, I confirm that no matter5 have come to my attention in conneclion with the examination giving me cause to believe Ihat in any material respect-. accounting records were not kept in respect of the charity and the group a5 required by section 386 of the Companies Act 2006- or the account5 do not accord with those records= or the accourts do not comply with the accounting requiremenls of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair. view which is not a matter considered a5 part of an independent exarnination," or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice= Accounting and Reporting by Chariti-es (applicable to Charities prepanng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concems and have come across no other matters in connection wilh the examination lo which attention should be drawn in this report order to enable a proper understanding of the accounls lo be reached. Andrew Rodzynski FCA Wenn Townsend Chartered Accountants Oxford . 2025
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The Oxford Evangelical Pastorate Company number: 7161962 Balance Sheet as at 30 September 2024 Note 2024 2023 Fixed Assets Tangible fixed assets Investments 582,620 668.208 582,508 633,011 Currenl Assets Bank current account Prepaid expenses Accrued income Accounts receivable Other debtors 1,25Q.828 1,215,519 14,665 2,474 5,587 27,403 921 9.181 1,532 6,953 184 Liabilities Creditors - amounts falling due within one year 22,910 45,990 10 (25,665) (19,4651 Net Current Assets (2.755) 26,525 Total Assets less Current Liabilities 1,248.073 1.242,044 The Funds of the Charity Unrestricted reserves Restricted reserves 1,232,527 15,546 1.224.114 17.930 Income funds ¢arried for4vard 1,248,073 1,242,044 In approving these financial statements as trustees of the company and the group we hereby confirm.. lal that for the period stated above the company and the group was entitled to the exemption conlerred by Section 477 of the Companies Act 2006., that no notice has been deposited at the regislered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 30 September 2024 and that we acknowledge our responsibilities for.. i. ensuring that the company and the group keeps accounting records which comply with Section 386. and ii. preparing financial statements which givè a true and fair view of Ihe stsle of affairs of the company and the group as at the end of the financial period and of its surplus or deficit for the year then ended in accordance with the requirements of Section 393 and which othetwise comply with the provisions of the Companies Act relating ta financial statements, so far as applicable to the company and the group. (b) {¢) These financial ststements are prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial statements on pages 8 10 19 were approved by the Trustees on Slgned o their behalf by.. 2025 and Andrew Down Trust¢e The notes on pages 9 to 19 form part of these accounts
The Oxford Evangelical Pastorate Notes to the Accounts for the year endèd 30 September 2024 Accounting Policies Basis of Preparation The Oxford Evangelical Pa51orate is a charitable company limited by guarantee in England.11 has no share capital and in the evenl of a wnding up, the liability of each member is limited to £1. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021. Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition issued October 2019. the Charits'es Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otheTwise stated in the relevant accounting policy note. The significant accounting policies applied in the preparation of these financiol statements are set out below.. Income Recognition All income is included in the SOFA when the charity is legally entitled to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably. Income is included gross. The amount credited to the income and expenditure account Iri Fe5pect of gift aid donation5 includes the amount of income tax recoverable. Grant income is reGognised as receivable subjecl to fulfilment of any associated conditions. Whe conditions have been mel or are likely to be met, grant income is recognised in full. No amount Is included in the financial statements for volunteer time in line with the SORP (FRS 102). Donated services are considered immaterial to the accounts and are not considered practicable to fair value. therefore they are nol recognised in the financial statements. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that a settlement will be required and Ihe amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. Charitable activity cost5 are those costs inCued directly in support of expenditure on the objects of the Charity. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and slatutory requirements. Grants payable are included when the recipient has a reasonable expectation that they will receive a grant and when any ¢ondilions atta¢hed to the grant are fvlfilled.
The Oxford Evangelical Pastorate Notes to the Accounts (continued) for the year ended 30 September 2024 continued Accounting Policies (continued) Freehold Property This is a property used in the work ol the Charity and is shown at Its historical cost. No depreciation is charged on the freehold property as it is the Charity's policy to keep the freehold property in good condition and the current value is in excess of the cost figure shown in the accounts. Freehold buildings are maintained by a programme of repair such that the residual value is at least equal to it5 book value. Having regard to this. it is the opinion of the trustees that any depreciation charge required by the Cornpanies Act 2006 would not be material. Fixtures. Fittings & Equipment and Computer Equipment Depreciation is provided on fixtures. fittings and equipment so as to write off the cost. le55 any estimated residual value. over the expected useful economic life on a straight line basis over five years. Depreciation is provided on computer equipment so as to write off the cost. less any estimated residval value. over the expected useful economic life on a straight line basis over three years. Investments Investments gre shown in the accounts at their current market value at the balance sheet dale. The SOFA includes the net gains and losses arising on revaluations and disposa15 Ihroughout the period. Debtors and creditors rece¢vable I payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recognised at transacts'on price. Any losses arising from impaimient are recognised in expenditure. Pensions Contributions payable for the period are charged in the income and expenditure account. The charity Contributes to a defined contribution scheme for its employees. Fund Accounting Unrestri¢ted Funds These are funds which can be used in accordance with the charitable objects of the charity at the discretion of the Tnjstees. Restricted Funds These funds are subject to Specific conditions imposed by the donor or by the terms of an appeal, these condition5 being legally binding upon the TrLbStees. Designated Funds These funds are unresttlcted funds which have been allo¢ated for future expenditure for a specific purpose by the Trustees. 10
The Oxford Evangelical Pastorate Notes to the Accounts {continued) for the year ended 30 September 2024 continued 1.11 Irrecoverable VAT The Charity is not registered for VAT and hence is unable to recover VAT on expendlture incurred. All cos15 are therefore shown inclusive of the associated Input VAT. 1.12 Going Concern The financial statements have been prepared on a going concern basis as Iho trustees believe that no material uncertainties exist. The Iruslees have considered the level of funds held and the expected level of income and expenditure for 12 months frorn authorising these financial statement5. Donatlons and legacies 2024 2023 Donations Grants 22,406 22,432 41,814 25.757 44,838 67.571 Charitable activities 2024 2023 Project income Reirnbursed expenses 42.196 2.701 67,226 3,836 44.897 71,062 Raising funds 2024 2023 Fundraising costs Investment management costs 375 7,342 165 7,231 7,717 7,396 11
The Oxford Evangelical Pastorate Note5 to the Accounts (Contlnued) for the year ended 30 September 2024 continued Charitable Activities Unrestricted Designated Restricted Funds Funds Funds Total 2024 Staff costs {see note 6) Property costs Property repairs Insurance Publicity and website IT cost5 Venue hire Food and drink Travel and accommodation Books and resources Team expenses Governance costs (note S) Office costs Freelancers and honoraria Bank Charges and forex losses Sundries 96,922 4.287 15,305 1,512 761 692 2,204 4.138 536 817 860 7.928 2,615 1,354 262 26 24,308 121,230 4.287 15.305 1,512 761 1,292 5.434 6.463 563 817 860 7,928 2,615 1,654 262 1,515 600 3.230 2.325 27 300 1,489 140.219 32,279 172,498 12
The Oxford Evangelical Pastorate Notes to the Accounts Icontinuedl for the year ended 30 September 2024 . continued Unrestricted Designated Restricted Funds Funds Funds Total 2023 Staff costs (see note 6) Property costs Property repairs Insurance Publicity and website IT costs Venue hire Food and drink Travel and accommodation Books and resources Team expense5 Governance costs (note 5) Office c05ts Grants payabte Freelancers and honoraria Bank charges and forex105ses Sundries 119.496 4.354 3,925 123,421 4,354 1,505 697 1,310 1.024 4,346 2,991 393 575 11.654 3.154 1,505 1,229 1.310 3,003 5,969 3,013 393 575 11.654 3.665 9a0 2,393 1,408 252 532 1,979 1,623 22 511 900 500 1.893 1,408 252 155,052 9,992 165,044 Grants payable.. £100 grants paid to students in the Chri5tian5 in Academia cohort towards the cost of study materials. Governance Costs Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Restrictod Funds Funds Funds 2024 2023 2023 Total Funds 2023 Examiner's fees Payroll & pensions fees Trustee & council meetings Fines & penalties 5,085 2,508 335 5,085 2,508 335 8,220 2.271 913 250 8,220 2,271 913 250 7,928 7,928 11,654 11.654 13
The Oxford Evangelical Pastorate Notvs to the Accounts (continued) forthe year ended 30 September 2024 continued Staff Costs Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Gross wages & salaries Social security Pension Accommodation 84.536 1,335 11,051 411 23.041 1,267 107,577 2,602 11,051 411 102,692 2,665 14,139 4,354 3.188 105,880 246 2.911 491 14,630 4,354 97,333 24.308 121,641 123,850 3.925 127,775 There was an average of 6 employee5 in the year ended 30 September 2024 {2023.' 6). There are no staff earning over £60.00012023- None). Trustee and Key Management Personnel Remuneration The trustees netther received nor waived any remuneration during the period (2023.. £nil). No trustee received any reimbursement for out of pocket expenses incurred (2023.. £nil). The management of the charity is undertaken by the trustees and the Chaplain. The cost was £45.299 {2023: £40,326). 14
The Oxford Evangelical Pastorate Notès to the Accounts Icontlnuedl for the year ended 30 September 2024 continued Tanglble Flxed Assets Freehold land & buildlngs Computer Equipment FFE Totsl Cost or valuation At 1st October 2023 Additions 581.926 1.332 599 569 583.827 599 At 30th September 2024 581.926 1,931 569 584,426 Depreciation At 1st October 2023 Charge for the year 978 373 341 114 1.319 487 At 30th September 2024 1.351 455 1.806 Net book value at 1st October2023 581.926 354 228 582.508 Net book value at 30th September 2024 581,926 580 114 $82,620 No depreciation has been charged on the freehold property as the Charity's policy is to maintain its property in good condition. The trustees carry out impairment reviews and the estimated maiket value is not less than its net book value al any given time. 15
The Oxford Evangelical Pastorate Notes to thè Accounts (continued) for the year ended 30 September 2024 continued Investment Assets 2024 2023 Investrnent in securities Cash held for investmenl purposes 656,053 12.155 618,301 14,710 668,208 633,011 Cost of investments in securities 537,953 599.449 Market value at 1 October 2023 Additions Disposal proceeds Gain51{loss) on investment assets 618.302 16,051 (35.961) 57,661 692.011 34,325 162.371} {45,663) Market value at 30 September 2024 656,053 618.302 10. Creditors 2024 2023 Accruals and deferred income Social security and other taxes Trade creditors Other creditors 22,765 1,328 1,208 364 14.913 2.385 1,927 240 25,665 19,465 Deferred income comprises donations received in advance for charitable activities taking place in 2024-25, and grants received frjr the 2024-25 academic year. 16
The Oxford Evangèllcal Pastorate Notes to the Accounts (continued) for the year ended 30 September 2024 continued 11. statement of funds Asat1 October 2023 Incorne Expenditure (incl gains on (incl loss on investmentsl investments) Transfers Between Funds Asat30 September 2024 Unrestrlcted funds General 1,224,114 156,349 (147.936) 1,232,527 Restricted funds Postgraduate Student Welcome DCM Bursary Moore-wlliams Marsh Christian Trust Associate Chaplain GFI Partnership Fund DCM Venue 4,613 817 12,500 3,590 (8.203) 817 12,500 600 20,832 2,000 2.873 (600) (20,286) 546 2,000 (317) (3,190) Total restricted funds 17.93G 29,895 (32,279) 15,546 Total funds 1.242.044 186,244 (180.215) 1.248.073 Asat1 October 2022 Income Expendlture (incl gains on lincl loss on investment5) investments) Transfers Between Funds Asat30 September 2023 Unrestricted funds General 1.291.000 141.225 1208,111) 1,224,114 Restricted funds Flourishing Life Postgraduate Student Welcome DCM Bursary Study Grant Doris Field Trust Moore-williams Hymns A&M 3.925 5.400 817 1,029 500 12,500 1,000 (3.925) (3,538) 2.751 4,613 817 (1.0291 {500) 12,500 (1.000) Total restrictsd funds 2,751 25,171 (9.992> 17,930 Total funds 1,293,751 166.396 (218,103) 1,242,044 Flourt5hing Life: A project in partnership with St Clements Church, fvnded by a grant from the Diocese of Oxford's Development Fund. Postgraduate Student Welcome: An annual programme of welcome evenls for all poslgraduates. The charity partners, and receives donations from, local churches and Christian organisations to run these events. DCM Bursary: Grant to enable students to attend future DCM Conferences. 17
The Oxford Evangelical Pastorate Notes to the Accounts (contlnued) for the year Bnded 30 September 2024 continued Study Grant: Grant to enable students in the Christians in Academia cohort to receive £100 each towards study materials. Any surplus was allowed to be used toward5 the subsidised cinema ticket costs of the screening of 'Good' In Trinity Term. Dolls Field Trust: Grant towards monthEy costs of desk hire for the Administrator. Moore-williams: Donation for Alissa and David Moore-williams to be held for future use. Hymns A&M: Grant towards the costs of the Stella Aldwnckle Biunch held at Somerville College on 18th June 2023. Marsh Christian Trust: Iplease be advlsed that 'Christian' has changed to charitable,) Grant restricted to contribute towards specific core-costs for Xero subscription,. Canva subscription., Zoom subscription and website maintenance. Associate Chaplain: The Vveninger (October 2023-ALJgust 2024). then Peter Schoeffer Foundation Grant (September 2024 onwards) to fund an Associate Chaplin role to facilitate work with postgraduate students including German speakers and those studying to facilitate vocations relating to business. GFI PartneTship Fund.. Splfi¢ projects undertaken in partnership with Global Faculty Initiative for the piloting and production of study guides. DCM Venue Hire: Donations to fund the hire of Jesus College Conference venue for the DCM January Conference. 12. Analysis of net assets between funds Fund balances at 30 September 2024 are represented by: Unrestricted Restricted Funds Funds Total 2024 Fixed assets Current assets Current liabilities 1,250.828 7.364 (25.665) 1.250,828 22,910 {25.665) 15,546 Total net a55ets 1.232.527 15,546 1,248,073 18
The Oxford Evangelical Pastorate Notes to the Accounts (continued) for the year ended 30 September 2024 continued Fund balances at 30 September 2023 are represented by". Unrestricted Restricted Funds Funds Total 2023 Fixed assets Current assets Current liabilities 1,215.519 25,710 {17,115) 1,215,519 20,280 45.990 {2,350) (19,465) Total net assets 1.224,114 17,930 1,242.044 13. Related Parties Professor Adriaan Louis. Trustee, was a member of the SMT of DCM, a donor organisation. DCM paid the charity £28,312 during the year to administer DCM conferences (2023.. £18,143) and reimbursed expenses. Mr John Tranter, was a Trustee of St Aldates PCC. a donor organisation. The Oxford Evangelical Pastorate paid St Aldates PCC £2,160 during the year to run the Poslgraduale Student Welcome Dinner {2023.' £2.602). During the year the Trustees and close family donated £2,196 (2023.. £6,620) without conditions. 19