The Oxford Evangelical Pastorate la company limited by guarantee) Charlty Number: 1136848 Company Number: 7161962 Unaudited Accounts for the year ended 30 September 2025 Wenn Townsend Chartered Accountan15 Oxford
Thg Oxford Evangelical Pastorate Referen¢e and Administrative Information for the year ended 30 September 2025 Trustees l D1CtOrs. Mr Andrew D¢)wn {appointed 1 Sl January 20251 Treasurer Revd Professor Joshua Hordem Professor Adriaan Louis Mr John Tranler Iresigned 1st January 20251 Treasurer Professor Timothy Maughan Professor Lorna Srnith lappcrfnled 151 October 20241 Dlrectors: Ms Bethan Willis (appointed 17th Awil 20251 Councll: Mr Andrew Down lappoinled 151 January 20251 Revd Stephen Foster ex oflicio Dr Kezia Gailskell Revd Mark Hay ex officio lappoinled 61h June 20241 Revd Dan Heyward ex officio Revd Professor Joshua Hordem Dr Matthew Kirkpatrick Professor Adriaan Loui5 Revd Dr Michael Lloyd ex officio Professor Timothy Maughan Revd Vaughan Roberts ex officio Professor Lorna Smith Mr John Tranter (resigned 1 $1 January 20251 Chair- Professor Timothy Maughan Secretary to the trustees- Ms clai Shuttleworth Reglstered Address: 33 Jack Straws Lane Headington Oxford OX3 ODL Accountsnts: Inienn Townsend Chartered Accounlanls 30 St Giles Oxford Bankers: Lloyds Bank 1 5 High Street Carfax Oxford Investment Managers- Walker Crips 103- 105 Bunhill ROW London
The Oxford Evanggllcal Pastorate Contents Page Report of the Trustees Report of the Independent Examiner statement of Financial Activities Balance Sheet Notes lo the Financial Sialemgnts 9-19
The Oxford Evangelical Pastorate Report of the Trustees for the year ended 30 Sept&mb&r 2025 The Trustees, who are also directors of the Charity for the purposes of the Cornpanies Act. submit their annual report and financial slalements for the year ended 30 September 2025. The financial statements have been prepared in accordance with the accounting policies set out on pages 9 10 11 and comply with the charity's Trust Deed and applicable law. The Charty is a charitable company limited by guarantee and was sel up w 18 February 2010. 11 is govemed by a Memorandum and Articles of A$SlatiOn. Structure. Governance and Management The Charity was established on 18 February 2010 and assumed the asse15 and liabilities of the original charlty of the same name. Ils objects are lo promote amongst Students and other members of the University of Oxford a true and livety faith in Christ and a knowledge of Divine Truth as held by the Church of England since the Refomalion. When the original charity was established a sum of money was provided lo enable a Pastor lo be appointed lo carry out the objects of the Charity by way of social contact, private teaching and public speaking. At present. the principal focus of the charity's activities is the community of poslgraduale students and researchers at the University of Oxford. During the year the Charity operated under the guidance of the Trustees Iwho ale members of Council) and together with the Council Members. mel regularly throughout the year lo discuss the overall direction of thè Charity. Day-Io-LYay 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 Infomialion page. Trustees are appointed by Council and new Trustees spend lime with the existing Trustees to ensure they understand their responsibilities and the legal and financial framework in which the Charity operales. For referen all Trustees are issued with the Charity Commission's publication The Essential Trustee.. What you need lo know. what you need to do. _ May 2018. Trustg8s' Responsibilities The Trustees are sponSible for preparing the TrL¢slees' Report and the financial staternenls in accordance with apICable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practscel. Company Law requires the Trustees lo prepare financial slatemenls for each financial period which give a true and fair view of the Charity's financial activities during the period and of ils financial position al the end of the period. In preparing these financial slalements. the Trustees are required to.. Select suitable accounting policies and then apply them consistently., Observe the methods and principles in the Charities SORP 2019 IFRS 102).. Make judgements and eslimales that are reasonable and prudent., Stale whether applicable UK accounting stsndards and Slalemenls of Recommended Practice have been followed, subject lo any material departures disclosed and explained in the financial slalernents., Prepare the financial statements on the going concern basis unless il is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for ke&ping accounting records that disclose with reasonable accuracy the financial posilion of the Charity and which enable them lo asrtain the financial position of the Charity and to ensure that the financial statements cofnply with the Companies 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 prevenb'on and detection of fraud and other irregularities.
The Oxford Evangelical Pastorate Report of the Trustees Icontinuedl for the year ended 30 Septernber 2025 Ri$k Management The Trustees have conSided the major risks affects'ng the Charity and Consider that there are no risks of significan. Finanaal risk is under control and is not significant. The Charity's assets are invested in 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 lo be realised in disadvantageous circumstances with consequent adverse impact on the Charity. The Pastorale's Safeguarding Officer ISO) for 2024-25 was trustee Lorna Smith. Safeguarding is an agenda item al each trustee meeting. Pastorale staff have an annual meetr'ng with the SO lo review safeguarding as il relates lo their role. Oblectlves and Actlvltles The Charity seeks lo promote a true and lively faith in Christ and a knowledge of divine truth among students and Other member5 of the University of OxforLI. The principal focus of the Charity's activities is the community of postgraduate students and researchers in the University. The Charity serves the poslgraduale and research community and. through them, the world. The Charity employs a Chaplain who leads a ministry team seeking to present the Christian Gospel lo this community, supporting postgraduates a5 they learn how to live out a true and lively faith in an academic conlexl. Achievements and Performance The Trustees and Council have continued to hold regular meetings during the year. Council meets at least three lirnes per annum, with the Trustees meeting as required and at least three limes per annum. The Trustees and Council have undertaken a detailed review of the aims of the Pastorale and how they may best be met in the early decades of the twenty-first Century. They have critically evaluated the process of governance of the Pastorate wth the intention of increasing transparency and designated lines of responsibility. 2024-2025 saw Dr Bethan Wllis, complete her first year as Oxford Pastorale Chaplain having been Acting Chaplain the previous academic year. In July 2025 she was ordained as a deacon in the Church of England. The work of Ihe Chaplain and the staff team is reviewed regularly at the meetings of the Council and by the Trustees. During the period of activity covereij by this report the Chaplain and staff team have continued lo serve the postgraduate and research community of Oxford University through the following prograrnmes and activities". Chaplalncy and Outreach: Postgraduate Student Welcome IPSWI With Freshers Fair having returned lo the Examination Schools from October 2022 post-pandemic, in partnership with volunteers from local churches and the Graduate Christian Fonjm, we handed out flyers for a number of welcome events including a Postgraduate Welcome Dinner al St Aldales Church, a walking loui Df Oxford, a spou5esttamilies cream tea. a CS Lewis themed walk and a prayer evening lo kick off the week. We had 300 students at the Welcome Dinner, requiring a second venije to accommodate the demand. Each table was hosted by current postgraduates or academics from local churches, and there was a talk from a Christian faculty member about navigating Oxford successfully as a new postgrad. Many who attended were international, and of all faiths and none. Some came thankful for a free meal. while others sought answers lo bigger questions about life and lailh. For some. this may have been their first lime setting fool inside a Christian Church. Stella Aldwinckle Serles: In p05t for a remarkable 25 years - from 1941 to 1968 - Stella Aldwinckle was the first Pastorate Chaplain lo women students. One of her most notable achievements was the founding of The Socratic Club. Estsblished in response to student demand from Somerville College, she asked C. S. Lewis lo be ils first President, whilst she worked behind the scenes as ils Chair The Club quickly became one of the most vibrant forums for religious debate in twenlielh-eenlury Oxford. Inspid by Stella, and hef friendship wlh Iris Murdoch, we established this series of discussion events for postgradLJates 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 Trustses lcontlnuedl for the year ended 30 September 202$ Our 2025 event was held on Friday 13th June al Somerville College. We posed the question 'lNho do we trust?, with our speaker Professor Tom Simpson introducing us to his work on philosophy of trust, relating il to themes of communal and social tiusl, faith and belief. We saw a high level of engagement with this them8 from across the disciplines and University departments. The Chaplaincy Team- The Oxford Pa51orale serves a remarkable community at the cutting-edge of their disciplines and with experience and expertise across a range of subjects. We are fortunate that many called and gifted ministers are willing to join us in serving this lalenled, international community. We are grateful lor the excepth.onal team and continue lo benefit from secondmenl agreements with other ministries and foundations. Year-long formation and learning communities: Christian Leadership and Service offers a year-long programme of communty, friendship, teaching and prayer for postgraduates and post-doctoral researchers who are leading inilialives in Oxford Of are likely lo be in leadership positions in the future. In 2024-25, a cohort of 10 students participated, led by Associate Chap5ains, Kay Rumford and Danie5 Weninger. Guest speakers were tailored lo the intere51s of the group and included an academic who led a useful evening on lime and attentson, a church minister, a teacher and an entrepreneur. The participants also spent a day on retreat considering their vocation. and engaged in lunchtime discussions on themes including humility, ambition and courage, particularly thinking about how these would be seen in leaders. They spent a whole day with others reflecting on theme5 relating lo vision. There are now more than 120 alumni of the programme dispersed around the world and al work in academia. business. charitses. medicine, the armed forces, banking, education, the law and church leadership. Christians in Academia offer5 a year.long programme of scholarly community, mentoring, teaching and prayer for postgraduate5 and early-career researchers who are exploring a calling to academia and scholarship In 2024-5, the programme refocused on DPhil and Posldoc participants gathering a group of 11 led by Dr Bethan Willis, David Wlliams and Professor Lorna Smilh of Sl Hilda's College, University of Oxford. Students spent a day retreat considering their vocation al Yamton Manor and engaged in dis¢us$ions on themes induding humility, ambition and wisdom in research. Our now annual Vision Day conference was convened in May 2025 to help both Pastorale formation groups and other invited student5 to consider how they might cullivale a vision for their field of expertise and their own role in seeking transformation wilh1n their field. Our keynote speaker was Baroness Elizabeth Berridge who spoke on the theme of faith and vision in public life. Partne1p with Developlng a Christian Mind: The Pastorale has a close working partnership wlh Developing a Christian Mind IDCM), which provides two conferences each year for poslgraduales and academics lo encourage the integration of faith and intellectual life. Oxford University acadernics lead DCM while the Pastorale provides contracted staff to coordinate the conferences. mobilise students and boost participation. In 2025, the fft Developing a Christian Mind conferences ran at full ¢apacty. The Christianity & the Life of the Mind Conference look place on 7-8 February al Jesus College's Digital Hub. with 125 attendees. The Seeking Imsdom Conference look place on 21-22 March al Magdalen College with a dinner al New College and 115 attende&s. Both conferences featured new faculty speakers and the January conference included dinner within faculty homes for every attendee, and attendance of ministry partners from the leadership team of Inlervarsity Christian Fellowship's Graduate and Faculty Mini51nes in the USA.
The Oxford Evangell¢al Pastorate Report of the Trustees {conlinuedl for the year ended 30 September 2025 Partngrshlp wlth the Global Faculty Inltlative: In 2024-25, the Pastorale continued lo develop its partnership with the Global Faculty Iniliats'vg. a project that seeks lo 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 Pastorate partners with the Faculty Inilialive in much the same way that il partners with DCM in providing administrative 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 Faculty Initiative events. In 2024-5 the team coordinated a book launch for the Global Faculty's volume on Justice featuring Nicholas WollerslorfF and helped lo host a study day al Yarnton Manor for faculty and academics to discuss Oliver O'Donovan's theology brief on Love. Financial Review and Reserv8$ Pollcy The lolal income raised during the year was £124.07612024'. £128,583) and expenditure was £186,932 {2024'. £180,215). After including market value gains on investments, realised and unrealised, of £41,997 {2024". £57,661). the deficit from unrestricted reserves was £22.238 12024.. Surplus of £8,413>. with £nil (2024.. nil movement) on designated funds, and a surplus of £1,379 12024.. deficit of £2,384} on reslricled funds. The charity holds funds for future operating requirements. Al 30 September 2025, the charity held £1.210,289 12024." £1,232,527) in unrestricted general funds. The level of unreslricled reserves held is sufficient lo cover the budgeted operating expenditure for the foreseeable future. The Oxford Pastorate's apparently large unrestricted fvnd above is made up of a house Ilhe £581,926 in 'langible fixed assels'l which aets as a Rectory or Vicarage housing the Chaplain who. in accordan with our charitable purposes. is required to live within the City of Oxford. This house is required for the better exercise of duties as is customary for Anglican ministers of this type. The remaining significant assets of £665,208 are long-held investments designed to enable the ongoing provision of an Oxford Pastorale Chaplain through the income derived from them. The Pa51orate's investments have enabled us lo provide for a Chaplain's stipend for over 130 yeats and the expectation is that these funds should continue to function in this way. Current annual income of £124,076 does not meet our gxpendilure on ministry activity of £186,932 and we are therefore not in a sustainable position. We have clear strategies lo close this funding gap within 3 years through trusts. grantg and major donors. Publlc Benefit The Tluslees have complied with their duty lo have due regard lo the guidance on public benefit published by the Charity Commission in exercising their powers and duties. The Charity works lo promote a true and livety faith in Christ and a kno%edge of divine truth as held by the Church of England. Ils advancement of the Christian faith is consistent rith the promotion of a positive moral and ethical framework demgnslrating that Christian faith has a beneficial impact on society, parb"cularly through the cullivalion of virtue in poslgraduales with the aim ol developing goc¥J leaders and wise thinkers. While the primary focus of the Charity's beneficial activities is on student member5 of the University of Oxford, the extent of the benefit is experienced more widely through the inlera¢lion of students, academlcs wc)rking in the University, Trustees and members of Council with wider soaely. This is achieved, for example, through public lectures addSSIng topics of contemporary social relevance. through programs facilitating the Integration of international students into British society. and through partnering with other national and inlernalion81 1nsliluts.ons in the delivery of the religious-, academiG- and charader- focused programs listed above.
The Oxford Evangelical Pastorate Report of the Trustee5 (continued) for the year ended 30 September 2025 The expectation is that growth in Christian discipleship amongst students of Chrtslian faith. and growth in practical wisdom amongst students of other or no religious faith, wi15 help Oxford University poslgraduales lo develop the integrity and character which will equip them lo be more effectwe leaders across many field5 in all parts of the world throughout their career5. Plans for Future Periods Since the appointment of a Chaplain in September 2008 the Charity's focus has been on the promotion of the Christian faith among the postgraduate and research comrnunity of Oxford University. This work will eonlinue, led by the Chaplain and a team comprisèd of Associate Chaplains, and an Adminislralor. There will continue lo be a focus on personal contact by the Chaplain and the team with poslgraduale sludenls.. and on the organisalion of events, independently or in collaboration with the Oxford cily-cenlre churches, the Graduate Christian Forum in the University. the chaplains of colleges and other. local organisalions. We are continuing to develop our funding partnerships lo resource the growing mission and ministry. In 2025, In addition to partnerships with.. Developing a Christian Mind and The Global Faculty Inilialive.. the work has been supported by individuals, local churches and Christian societies, and small funds. including the Ashburnham Thanksgiving Trust. the Vine Charitable Trust and the Marsh Charitable Trust. We are also working with a new trust this year who wish lo remain anonymous. We have continued running an annual fundraising appeal over the summer months, encouraging existing financial donors lo increase their giving and inviting new donors lo cornmit lo giving. New for th15 year, we also worked with a UK-based Fundraising consultant who has advised us in our approach to larger trusts and foundations, and with The FOCUS Group, a US fundraising consultancy, who have worked with us on our Major donor approach. We expect our partnerships to develop in new ways now that a new Chaplain has been appointed, and for new partnerships with Wyclrffe Hall, The Renaissance Project and others to develop. Fundraising efforts will also be an area of fLKUS, with a goal to increase giving in future years. The work of the Charity will continue to be reviewed al regular intervals by the Trustees and Council. Small company exemptlons Advantage has been taken in the preparation of this report of special exemptions applicable to small companies Thls report was opproved by the Trustges on 2026. Andrew Dov Trustee
The Oxford Evangelical Pastoratg Independent Examlnor's Report to the Trustees of The Oxford Evanggllcal Pastorate I report lo the charity trustees on my examination of the aecounts of the charity and the group for the year ended 30 September 2025 which are set out on pages 7 10 19. Respective responsibilitie5 of tru$tg9s and examiner As the charity Iruslees land also ils directors for the purposes of Company law} you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'lhe 2006 Acl'l. Having satisfied myself that the accounts of the charity and the group are not required lo be audited under Part 18 of the 2006 Act and a eligible for independent examination. I report in respect of my exarninalion of your charty's accounts under section 145 of the Charities Act 2011 {'Ihe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llb) of the 2011 Act. Independent examinerfs ststernent I have completed my examination, I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any materi81 respect.. accounting records were not kept in respect of the charity and the group as required by sedion 386 of the Companies Act 2006". or the accounts do not accord with those records.. or the accounts do not comply with the accounting requirements of section 396 of the 20LE Act other than any requirernent that the accounts give a 'lru& and fair, view which is not a matter considered as part of an independent examination.. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice.. AOntIng and Reporting by Charities (applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concems and have come across no other matters in connection wlh the examination lo which attention should be drawn in this report order lo enable a proper understanding of the aOunts to be reached. Andrew Rodzyn5ki Wenn Townsend Chartered Accountants Oxford 2026
The OAford E¥angellcal Pa51oratè stst•mtttof FinanclAI Acii¥tt&• Ilncludln9 Income and expendlturo acr¢Mtntlforth• yèarndd 30 spt•mr202S UDre&trfcl•d Fn0% Dgslgnatgd R•strfctsd Fund Total 2025 Un¢•itri¢tsd O•si9nated Funds R•slrl¢tsd FU1& Total 2024 Incom• and ndovrn•nts Ironr DonaiR?ffls?r 189acS ChJritablE Investsnents efyitrin to prDputy Ctssts 30,622 40,229 2Z,180 30,728 317 61.3SO 40.546 22.1eo 14.943 44,897 24,848 14.000 29.89$ 44.B3 44,897 24.848 14,WO Total Incomo and •nd¢)Mn•hts 93,031 31,045 124.076 29.895 128.583 Expgndttur• an.. 13,983 143.283 13.983 172.949 7.717 140.219 7,717 172.49 CharrtADl¢ a¢tivrtws 32.279 Totsi expendre 1S7.266 29.ee6 186.932 147.936 32.279 1$0.21S Net gaInl$s8$) w inveslmEnts 41.997 41.997 57.651 57.661 X•t incomgllexpeTrdlture} 122.23BI 1.379 8.413 12,)841 Rgconcillation of funds". Fund$ at 1 Ocfab8r2Q24 1.232.527 15.546 1.24B.073 1.224.114 17,930 1.242.044 Fur8 el 30 Septembgr2025 1.210.289 16.925 1.227.214 .232.527 15.545 1.248.U73 All IfLIn¥r0xP1ilUr¢11Qffi ntinuIngli1 TrSlalani0ThtofFiCIll Acbvth5IncgsaIY1Sarf)ssSlÉ¥9n1$Éd08Th0d Th• not¥%tsA p¥J• 9t0 f9fonTrpartofth960 accouots
Company number: 7161962 The Oxford Evangellcal Pastorate Balance Sheet as at 30 September 2025 Note 2026 2024 Fixed Assets Tangible fixed asset8 Investments 582,133 665,208 582,620 668,208 1,247,341 1,250,828 Current A$$ets Bank current account Ppaid expenses Accrued income Accounts receivable Other debtors 6.253 1.381 4,525 14.665 2,474 5,587 915 184 13,074 22,910 Liabilities Creditor3- amounts falling due within one year 10 133.201} 125,6651 Net Current Assets 120,1271 12,7551 Total Assets less Current Liabilities 1,227.214 1.248.073 The Funds of the Charty Unrestricted reserves Restricted reserves 1,210,289 16,925 1.232,527 15.546 Income funds Carrled forward 1,227.214 1,248,073 In approving these financial slalemenls as trustees of the company and the group we hereby confirm.. {al that for the period stsled above the company and the group was entitled lo the exemption COnferd by Section 477 of the Companies Act 2006., Ib) that no notice has been deposf(ed al the registered office of the company pursuant lo Section 476 requesting that an audit be conducted for the year ended 30 September 2025 and that we acknowledge our responsibilities for". l. ensuring that the company and the group keeps accounting records which comply wlh Section 386. and ii. preparing financial statements which give a true and fair view of the stsle of affairs of the company and the group as at the end of the financial period and of ils surplus Dr deficit for the year then ended in accordance with the requirements of Section 393 and which otherwise comply with the provisions of the Companies Act relating lo financial statements, so far as applicable lo the company and the group. These financial slalemenls are prepared in accordance with the provisions applicable to companies subject lo the small companies, regirne. (cl The financial slalemenls on pages 8 10 19 were approved by the Trustees on sig ed on their behalf by.. 2026 and Andrew Down Trustee The notes on pages 9 to 19 fomi part ofthese accounts
The Oxford Evangellcal Pastorate Notes to the Accounts for the year ended 30 September 2025 Accountlng Poll¢lo$ Basi5 of Preparation Th¢ Oxford Evangelical Pastorate is a charitable company limited by guarantee in England. 11 has no share capital and in the event of a winding up, the liability of each member is limited to £1. The charity conslitules 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 KingdoTn and Republic of Ireland IFRS 1021, Accounting and Reporting by Charib"es.' Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 second edition issued October 2019, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practi. The accounts have been prepared under the historical cost convention wi(h items recognised at cost or transaction value unle55 Otherwise slated in the relevant accounting pollcy note. The significant accounting policies applied in the preparats.on of these financial statements are set out below.- Income R¢¢ognStion All Income is induded 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 in¢ome receivable can be measured reliably. Income is included gross. The amount credited lo the income and expenditure account in respect of gift aid donations includes the amount of income tsx recoverable. Grant income is recognised as receivable subject lo fulfilment of any associated conditions. Where conditions have been mel or are likely to be mel. grant income is reeognised in full. No amount is included in the financial slalemenls for vdunleer lime in line with the SORP IFRS 1021. Donated services are considered immaterial lo the accounts and are not considered practicable lo fair value, therefore they are not recognised in the financial 5tstements. Expendlture Liabili(ies are recognised as expenditu as soon as there is a legal or conslruclive obligation committing the charity lo the expenditure, ft is probable that a seltlemenl will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basls. Charitable activity Costs are those costs incurred directly in support of expenditure Dn the objects of the Charity. Governan costs are those incurred in connection with adminislralion of the Charity and compliance with constitutional and slalutory requirements. Grants payable are included when the recipient has a reasonable expectslion that they wll receive a grant and when any conditions attached to the grant are fulfilled.
The Oxford Evangelical Pastorate Notes to the Accounts Icontlnuedl for the year ended 30 Septembèr 2025 continued Accounting Policles Icontlnuedl Freehold Property This is a property used in the work of the Charity and is shown at its historical cost. No depreciation is charged on the freehold property as il is the Charity's policy lo keep the freehold propety in good condition and the current value 1$ in excess of the cost figure shown in the accoun15. Freehold buildings are maintained by a programme of repair such that the residual value is at least equal lo its book value. Having regard lo this, il is the opinion of the trustees that any doprecialion charge requlred by the Companies Act 2006 would not be material. Fixtures. Fltting5 & Equipment and Computer Equipment Depreciation is provided on fixtures, fittings and equipment so as to write off the cost, less any eslimaled residual value, over the expected useful economic life on a straight line basis over five years Depreciation is provided on computer equipment so as lo write off the cost, less any estimated residual value, over the expected useful economic life on a straight line basis over three years. Investments Inve51menls are shown in the aecounls at their current market value at the balance sheet date. The SOFA includes the nel gains and losses arislng on revaluations and disposals throughout the period. Debtors and creditots receivabl? I payable within one year Debtors and creditors with no slated interest rate and receivable or payable swlhin one year are recognised al transaction price. Any losses arising from impairment are recognised in expenditure. Pensions Contributions payable for the period are charged in the income and expenditure account. The charity contributes lo a defined conlribLttion scheme for its employees. 1.10 Fund Accountlng Unrestricted Funds These are funds which can be used in accordance with the charitable objects of the charity at the discretion of the Trustees. Restricted Funds These ftjnds are subject lo specific conditions imposed by the donor or by the terms of an appeal, these Conditions being legally binding upon the Trustees. Dgslgnated Funds These funds are unreslricled funds which have been allocated for future expenditure for a specific purpose by the Trustees. 10
The Oxford Evangelical Pastorale Notes to the Accounts Icontinuedl for the year ended 30 September 2025 continued 1.11 Irrecoverable VAT The Charity is nol registered for VAT and hence is unable to recover VAT on expenditure incurred. All costs are therefore shown inclusive of the associated inpul VAT. 1.12 Golng Concern The financial stalernents have been prepared on a going concern basis as the Iruslees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial slalements. Donatlons and legacies 2025 2024 Donations Grants 28,651 32,699 22,406 22,432 61,350 44.838 Charltable activities 2025 2024 Project income Reimbursed expgnses 33,990 6,5560 42,196 2.701 40,546 44.897 Raising funds 2025 2024 Fundraising costs Investment management costs 7.073 6,910 375 7.342 13.983 7.717
The Oxford Evanggllcal Pastorate Notes to the Accounts Icontinuedl for the year ended 30 September 2025 continued Charltable Activities Unrestrictod Designated Restrictgd Funds Funds Funds Total 2025 Staff costs (see note 61 Propety costs Property repairs Insurance Publicity and website IT costs Venue hire Food and drink Travel and accommodation Books and resources Team expenses Governance costs {nole 51 Office costs Freelancers and honoraria Bank charges and forex losses Sundries 103,327 4,646 3,229 1,581 430 2,330 3.321 5,416 718 565 478 13.836 2.435 153 158 25,718 129,043 4,648 3.229 1.581 912 3,030 3,321 7.767 736 565 478 13,836 2,458 478 158 87 482 700 2,351 23 325 51 142.659 29,686 172,325 12
The Oxford Evang&llcal Pastorate Notes to the Accounts lcontlnuedl for the year ended 30 September 2025 continued Unrestricted Designated Restricted Funds Funds Fund$ Totsl 2024 staff costs {see note 61 Propèty costs Propety repairs Insurance Publicity and website IT costs Venue hire Food and drink Travel and accommodation Books and resOurS Team expenses Governance costs Inole 51 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 6,483 563 817 860 7.928 2,615 1,654 262 1,515 600 3,230 2,325 27 300 1,489 140.219 32.279 172,498 Governance Costs Unrestricted Restricted Funds Funds 2025 2025 Totsl Unrestrlcted Restrf¢ted Funds Funds Funds 2025 2024 2024 Total Funds 2024 Examiner's fees 10,033 Payroll & pensions fees 3,377 Trustee & council meetings 426 Fines & penaltie5 10,033 3,377 426 5.085 2,508 335 5.085 2,508 335 13,836 13,836 7.928 7,928 13
The Oxford Evangelical Pastorate Notes to the Accounts Icontinuedl for the year ended 30 September 2026 - continued staff Costs Unrestrlcted Restricted Funds Funds 2025 2025 Total Funds 2025 Unrestricted Restrlcted Funds Funds 2024 2024 Total Funds 2024 Gross wages & salaries Social security Pension Accommodation 9f).081 2,021 11,225 25,658 115,739 2,024 11.280 84,536 1,335 11,051 411 23,041 1,267 107,577 2.602 11,051 411 55 103,327 25,716 129,043 97,333 24,308 121.641 There was an average of 7 employees in the year ended 30 September 2025 {2024'. 61. There a no staff earning over £80.00012024". None). Trustee and Key Management Personnel Remuneratlon The trustees nerther received nor waNed any remuneration during the period12024.' £nil}. No trustee received any reimbursement for out of pocket expenses incurred12024.' £nil}. The management of the charity is undertaken by the trustees and the Chaplain. The cost was £31,710 12024. £45.2991. 14
The Oxford Evangellcal Pastoratg Notes to the Accounts Icontinuedl for the year ended 30 September 2025 continued Tangible Fixed Assets Freehold land & buildings Computer Equipment FFE Total Cost or valuation At 1 sl October 2024 Addits'ons 581,926 1.931 569 584,426 AI 30th September 2025 581.926 1.931 569 584,426 Depreciation Al 1st October 2024 Charge for the year 1.351 373 455 114 1,806 487 Al 30th September 2025 1,724 569 2,293 Nel book value 811 st October 2024 581.926 580 114 582,620 Nèt b¢)ok value al 30th September 2025 581,926 207 582,133 No depreciation has bèen charged on thè freehold property as the Charity's policy is lo maintain its property in good condition. The truslees carry out impairment reviews and the eslimaled market value is not less than its nel book value at any given lime.
The Oxford Evangelical Pastorate Notes to thè Accounts Icontinuedl for the year ended 30 September 2025 continued Investment Assets 2025 2024 Investment in securities Cash held for investment purposes 641,110 24.098 656.053 12,155 685.208 688,208 Cost of investments in securities 497,752 537,953 Maikel value al 1 October 2024 Additions Disposal proceeds Gains/lloss} on investment assets 656,053 16,893 173,8331 41,997 618,302 16.051 135,9611 57,661 Market value al 30 September 2025 641,110 656.053 10. Creditors 2025 2024 Accruals and deferred income Social security and other taxes Trade ereditors Other creditors 19,362 12,098 377 1,364 22,765 1,328 1,208 364 33,201 25.665 Deferred income comprises donatn$ received in advance for charitable activities taking place in 2025-26, and grants received for the 2025-26 academic year. 16
Th& Oxft)rd Evangellcal Pastorate Notes to the Accounts Icontinued} for the year ended 30 September 2025 continued Statement of funds Asat1 October 2024 Income Expendltur (incl gains on (incl loss on investments) investmentsl Transfers Beeen Funds Asat30 September 2025 Unrestricted funds General 1.232,527 135,028 1157,2661 1,210,289 Rg$tricted funds Postgraduate Student Welcome DCM Bursary Moore-williams Marsh Charitable Trust Associate Chaplain GFI Partnership Fund DCM Venue 3.250 {3,2501 817 12.500 817 14,278 1.778 700 24,000 1.000 317 17001 (24,5461 11,1701 546 2,000 13171 1.830 Total restrlcted funds 1 S,546 31,045 {29,6661 16,925 Total funds 1.248,073 166.073 1186,9321 1,227.214 Asat1 October 2023 Income Expendlture Ilncl gains on (incl loss on Investments) Investments) Transfers Betsveen Funds Asat30 September 2024 Unrestrlctod funds General 1,224,114 156.349 1147,936) 1,232,527 Restrlcted funds Postgraduate Student Welcome DCM Bursary Moore-williams Marsh Charitable Trust Associate Chaplain GFI Partnership Fund DCM Venue 4,613 817 12,500 3,590 18.203) 817 12,500 600 20,832 2.000 2,873 {6001 120,286} 546 2,000 13171 13,190} Total restricted funds 17.930 29.895 132,279) 15.546 Total funds 1,242,044 186.244 1180.215} 1.248,073 Postgraduate Student Wel¢ome: An annual programme of welcome events for all postgraduates. The charity partners, and receives donations from, local churches and Christian organisalions to run these events. DCM Bursary: Grant lo enable students to attend future OCM Conferences. 17
The Oxford Evanggllcal Pastorate Notes to the Accounts Icontinuedl for the year ended 30 September 2025 continued Moore•Willlams: Donation for Alissa and David Moore-wlliams to be held for future use. Marsh Christlan Trust- Grant restricted lo contribute towards speckfic core-cosls for Xero subscfiplion." Canva subscriplK)n", Zoom subscription and website maintenan. Associate Chaplain- The Weninger Ioetober 2023-Augusl 20241, then Peter Schoeffer Foundats'on Grant Iseptember 2024 onwards) lo fund an Associate Chaplain role lo facilitate work with postgraduate students including German speakers and those studying to faolilale vocations relating lo business. GFI Partnership Fund: Specific projects undertaken in partnership wth Global Faculty Initiative for the piloting and production of study guides. DCM Venue Hlre: Donations to fund the hi of Jesus College confence venue for the DCM January Conference. 12. Analysls of net assets betsveen funds Fund balances at 30 September 2025 are reprgs&nted by- Unrestricted Restricted Funds Funds Total 2025 Fixed assets CUrn1 assets Current liabilities 1.247.341 17.5161 129,5361 1,247,341 13.074 133,2011 20,590 {3,6651 Total ngt assets 1,210,289 16,925 1,227,214
The Oxford Evangelical Pastorate Notes to the Accounts Icontlnued} for the year ended 30 Septsmber2025 continued Fund balances at 30 September 2024 are represented by- Unrestricted Restrlcted Funds Funds Total 2024 Fixed assets Curienl assets Current liabilities 1,250,828 7,364 125,6651 1,250,828 22,910 125.6651 15,546 Totsl net assets 1,232,527 15,546 1,248.073 13. Related Partles Professor Adriaan Louis, Trustee. was a member of the SMT of DCM. DCM paid the tharity £27.592 during the year to administer DCM conferences {2024". £28,312) and reimbursed expenses. Mr John Tranter, was a Trustee of St Aldates PCC, a donor organisation. The Oxford Evangelical Pastorale paid Sl Aldates PCC £2,402 during the year to run the Postgraduate Student Welcome Dinner12024'. £2.160). During the year the Trustees and close famity donated £4,080 12024.. £2,1981 without condition5. livl Mr Andrew Down, was a Trustee of The Parochial Church Council of the Ecdesiaslical Parish of Sl Andrew. The charity donated £2,000 12024.. £7501 during the year lo run the Poslgraduale Student Welcome. 19