THE OXFORD CENTRE FOR TRAIMNG RESEARCH ADVOCACY AND DIALOGUE LTD COMPANY NO. 6717794 ENGLAND AND WALES A COMPANY LNITED BY GUARANTEE Af+lD N T HAVING A SHARE CAPITAL REGISTERED CHARITY NO. 1143311 FINANCIAL STATEMErrrs FOR HE PEIU D ENDED 31- MAY 2025 KINC LOOSE & CO INDEPENDFNT fi XAMINERS ST JOHN'S HOUSE 5 SOUTH PARADE SUMMERTOWN OXFORD OX2 7
THE OXFORD CENfRE FOR TRAING BESEARCH ADV ACY AND DIALOGUE LTD FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31- MAY 2025 CONTENTS LEgal and Adminisira(ive Inforniation Trustees, Annual Report Statemeni of Trusiees, Responsibilities Independent Examiner's Report Sta(emen¢ of Financial Aetivitie$ Balance Sheet Noies to the Financial Statemenis 7-13
THE OXFORD CENfRE FOR TIL41NING RLSEARCH ADVOCACY AND DIALOGUE LTD FINANCIAL STATEMENTS ST FOR THE PERIOD ENDED 31 MAY 2025 ADMIMSTRATIVE INFORMATION Directors and Trustees Monsignor M. J. Nazir-Ali Ri. Reverend A. Marshall ReveRnd Canon Dr. C. M. N. Sugden Canon C. Madhukar Reverend Canon Penelope Avann Reverend K A Carpani Com an Number 6717794 (England and Wa]es) Chgri Number 1143311 stered Office 5 South Parade Summertown Oxford OX2 7JL Inde endent Exgminer Mrs H C Fanthome FCA King Loose & Co Si John's House S South Parade Sumrnertown Oxford OX2 7JL
THE OXFOiiD CENfBE FOR TIL41NING RESEARCH ADVOCACY AND DIALOGUE LTD ANNUAL REPORT FOR THE PERIOD ENDED 31sf MA Y 2025 The Directors and Twstees present rheir annual report and financial statements. for the period ended 31" May 2025. The financial statements have been prepared in accordanee with the accounting policies sei oui in note I to the accounts and comply with the chaLlty's memorandum and articles of association. the Companies Act 2006, the Chariries Aci 2011, and Accounting and Reporting by Charities.. Statement of Recommcnded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland - Charities SORP IFRS 102); and the Finaneial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Ob'ects of the Charit Princi al Activities and Public Benefit The Charity is constituted a5 a company limited by guarantee 2nd is, therefore, goyemed by a memorandum and articles of association. Charitable status was obiained on 12, Augusi 2011. The Charitys object and its principal activity is that of the promotion of religion through training, research, advocacy and dialogue and in particular by a) promoting and conducting research and disseminating the useful results thereof. b) the promotion of religious harmony for the benefit of the public by., educating the public in different religious beliefs including an awareness of their di81inciive features and their eommon ground to promoie good relaiions beiween persons of different f2iths' Pro0t]ng knowledge and mutual understanding and respeci of the beliefs and practices of differcnt religious faiths. The Charity helps younger people in business and employment, including education and vocational training. In carrying our these objects and activifics, the Trustees have read and considered the Charity Commis8ion guidelines for Public Benefit and consider that the Charity continucs to operate fully in accordance therewith in particular through its work in community harmony. nisation of Our Work The Charity is organised so that the Trustees meet and converse regularly to manage its affairs. Develo ments and Achievemen The Trustees consider that the perfornjance of the Charity during the year has been satisfactory. The Charity hos ser the building blocks for rhe promoiion of lis objects and liaises Wlth other charitable organisarions io this end. Future Develo ments The TNstees hope to continue to build upon the foundations laid tn the initial Friods of activity. Transactions and Financial Position The sthtement of financial activities shows net ouigoing general {i.e. Un$[ri¢led) resources of £49,819 for the peri(Kl (Ye to 31" May 2024.. outgoing £30.500), and the general unrestricied fund balance carried forward stood at £127,458. Funds Avallable The preseni level of funding is believed adequate LO SUPPOrt the continuation of the work programs envisaged, although further support is necessary for future projects to be undenaken.
2(a) THE OXFORD CENTRE FOR TIL4INING RESEARCH ADVOCACY AND DIALOGUE LTD ANNUAL REPORT FOR THE PERtOD ENDED 315f MAY 2025 erative Relationshi ryth Other Or satio The Oxford Centre For Training. Research. Advocacy and Dialogue Ltd has infornial link5 With other hurches, ehariiie5 and organi5atlODS, worldwide, who generally share its charitable objective5 and from time to time works with them on particular projecis. Some of these oiher charities and organisations offer suptx)rt for the Charity s work by way of grant funding. ordonations. Reserves Polic It is the policy of the ChltY to build up sufFicient unrestricted funds. which are the free reserves of the Chariiy. to a level which llaS io apprOxima]Y [he months unrestricted expendiiure. This will provide sufficient funds to cover the ongoing promotion of the Chariiy's objects. iogether with the associated support and admÉnistratÉon costs. At 31. May 2025, re5erve5 wer¢ at a higher level than the set target, bui the Trusiees consider this temporarily more appropriafr in the current difficult financial climate. Directors and Trustees All Directors of the Company are also Trustees of ihe Charity, and there are no other Trustees. All of the Trustees named on page I served dllrinE the ri1)d. The Board has the power io appoint additional Tnjsiees as it considers fit Éo do so. and. as the need arises, appropriate training will be given to any new TNstees taking up office. Risk Mana ement The Trustees have examined rhe major strategic. business and operational risks which the Chariiy faces or may face, and confirm that systems are in place to enable regular reports to be prixiuced, so that the necessary sieps can be raken io ISen any such risks. Inde endent Examiners Mrs H C Fanthome of King Loose & Co, has agreed to offer herself for appointment as Indyndent Examiner to the Chariiy. Small Com me This report has been ppared in accordance wilh the small companies regime of the Companies Aci 2(. rovai Thi5 report was approved by the Board of Directors and Trustees on..... signed on its bchalf by.. 21 .2025. and Dr C M N Sugden (Trustee)
THE OXFORD CENTRE FOR TRAINING RESEAR ADVOCACY AND DIALOGUE LTD STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE PERIOD ENDED 31sf MAY 2025 The Trustees are required by law to prepare financial staiements for each financial period which give a true and fair view of Ihe state of affairs of the Charity, and of its result5 for that period. In preparing those financial statements. the Trustees are required to.. Select suitable accounting policies and then apply them con9i5tentlyi Observe the methixls and principles in rhe applicable chitIeS SORP: Make judgements and estimates that are reasonable and prudent; State whether applicable accouniin8 Stondards have been followed, subject to any materikl depkrtures disclosed and explained in the financial statements,. Prepare the financial statemenrs on the going concern basis Unle it is tnappropriaie to presttme that the Company will continue in business. The trustees ate responsible for keeping proper accounting records which disclose with r¢asonable accuracy at any time the financial position of the charity, and 10 enable them to ensure that the financial statements comply with the Companies Aci 2006. the Charities A¢r 2011 and ihe applicable Charities SORP. They are also re5pon5ible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deieciion of fraud and other irregu18Jities. The trustees are responsible for the maintenance and integrity of the ¢hariiy and financial informaLion included on Ihe charity's website in accordance with legislation in the United Kingdom govcrning the preparation and disseminaiion of financial statemenrs. By Order of the Board of Director5 and Trustses Dr C M N Sugden
REPORT OF THE INDEPEf4DENT EXAMINER TO THE TRusfEES OF THE OXFORD CF.NTRE FOR TRAINING RKSEARCH ADVOCACY AND DIALOGUE LTD I teport io the charity trustees on my examination of the accounts of the company. for the period ended 31° May 2025, which are set out on pages 5 10 13. Res ective res onsibilitÈes of the trustees and eXamier As the charity'5 trustees land also ils diie¢iors for the putposes of company lawl you are responsible for the weparation of the accounts in a¢coTdat2¢e with the TequiTeTnent5 of the Companies Act 20061.ihe 2006 Aci.). Having satisfied myself that thc accounts of the company are not rcquircd lo be audited under Part 16 of the 2006 Act and are cligible for independent examination, I report in rcsFCCt of my cxaminalion of your charity'5 accounts as carried out under section 145 of the Charilics Aci 2011 (the .2011 Act,). In carrying out tny ¢xaminaiion I have followed the Directions given by ihc Charity Commission under section 14515llb) of Ihe 2011 Act. B&5is of Inde endent examlner's re My examination was carried out in accordance with the General D1CtIons given by the Charity Commissioners. An eXal[LatIon include5 a review of the accounting records kept by the chaiity, and a comparison of ihe accounts presented with those records. IL a150 includes consideration of any unubual items 01 disclosures in ihe accounts, and seeking explanations from you a5 tn25tees concerning any such matie15. The procedures undertaken do no( provide all the evidence that would be requiTed in audit, and consequently no opinion is given as to whether the accounis present a 'true and fair view. and the report 15 limiied to those mailers set out in the statetnent below. Inde cndcnt cx&miner's ststemcnt I have compleied my examitlaiion. I confinn thai no matters have corne to my attention in connection with the examinatloll 8ivin8 me cause 10 believe.. {]} accounting records were Thot kept in respect of the company as required by section 386 of the 2(K)6 121 th2 accounts do not accord with thosc accounting record5: or 131 the accout2ts do not comply wilh Ihe accounting r¢quiremenis of %ection 396 of the 2006 Aci oiher than any tequirement that ihe accounts give a 'irue and fair. view which is not a matter considered as part of an independent examination; or 141 the aceounts have not been prepared in accordance with the mechods and principles of the Sthtement of Recommended Practice for accounting and reporting by Chariiies lapplicable io charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS 102)]. I have no concerns and have corne scross no other mairS in connection wirh ihe exarninaiion to which attention should be drawn in thi5 reN)rt in order to enable a proper uThJerstAnding of the accounts io be reached. Klng Loose & Co St John's Hous¢ 5 South Parade Summertown Oxford OX2 7JL H.C. Fanthome FCA Dated
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rREF R TRAININ EARCH ADV Y AND DIAL LTD BALANCE SHEET AS AT 31- MA Y 2025 COMPANY NO: 6717794 31st Ma 2025 31$1 Ma 2024 xed Assets Current Assets Stock DebtOTS Cash at Bank 350 6,479 339,729 350 5,921 405,113 io 346,558 411,384 Creditors.. Amounrs Falling Due In One Year 13,214 21.369 Net Current Assets 333.344 390.015 Total Aets less Current Liabilities, being Net Assets 333,344 39Y),015 Funds unrcstriCd Funds Restricted Funds 127.458 205,886 177,277 212,738 13 Total Funds 14 333.344 390.015 The directors are satisfied that the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 ("the Act") and that members have not required an audit in accordance with Section 476. The directors acknowledge their responsibilities for.'_ ensuring that the company keeps accounting records which cotnply with Section 386 of the Act. and preparing cOUn[S which give a trne and fair view of Ihe state of affairs of the chariiable company as at the end of the financial period and of its profit or loss for the fin0cial period in accordance with the requirements of Section 396 of the Act and which otherwisc comply wi(h the requirements of the Act lating io accounts, so far as applicable to the charithle company. Approved by the Board of Directors and TThL5tS on ............ .. .. on its behalf by: . 2025 and slgned Dr C LVI N Su8den Th¢ notes on pages 7 to 13 forn) part of these accounts.
THE OXFORD CENTRE FOR TRAINING RESEARCH ADVOCACY AND DIALOGUE L NOTES TO THE FINANCIAL sTATE1¥NTs FOR THE PERIOD ENDED 31- MAY 2025 Accountin Policies (a) General Informatlon These financial statements have been presented in Pounds Sterling as this is Ihe currency of the pritnary econotnic environment in which ihe Charity operate5. (b) Basis of preparation The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes(s) to Ihese accounts. The financial Statements have been prepared in ac¢ordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland {FRS 102) - Charities SORP (FRS 102); and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102); the Charities Act 2011 and the Companies Act 2(x)6. The charity constitutes a public benefir entity as defined by FRS 102. The charity has taken advantage of the exemption io prepare a cash flow siatement, as contained in Financial Reporting Siandard I, on the grounds that li is a small chariiy. (c) Activities The financial statemenis include the resulis of the charity's operations as described in the directors. and tsteeS, annual report. (d) Income recognition Income of all kinds is accounted for when receivable, i.e. in the period in which the charity is entitled to receipt, it is probable that ihe income will k ceiVed and the aTnount of income receivable can be measured reliably. No pertnanent endowments have been received in the riod. (e) Expenditure recognition Liabilities are recognised as expendiiure as soon as there is a legal or constructive obligation commitling the charity to that expenditure. it is probable th&1 seiilement will be required and th¢ amouni of ihe obligation can be reliably measured. Expenditure is included on an accruals basis and has been classified under headings that aggregate all costs related to the category. All core cost categories are regarded as being of a support nature to the Charity's principal activiiy. as described in the Annual Report. It is anticipated that any future specific project5 will be covered by restricted funds- i.e. funds raised specifically for that projecL
THE OXFORD CENTRE FOR TRAININ EARCH ADVOCACY AND DIALOGUE LTD NOTES TO THE FINANCIAL STATEMELYfs FOR THE PERIOD ENDED 31ST MAY 2025 Accountin Policies cont'd (fj Grants payable Grant5 payable are payments made to third patties. either individua]s or other chariiable oiganisaiions, in the furtherdnce of the charity's object5. In the case of unconditional grant offers. these are accrued once the recipieni has been notified of the award. Conditional Erants are only accrued when the conditions have been fulfilled and the recipieni notifled. No multi-year grants are made. other than where additional funding has been re¢eived thmugh a restricted fund. Value added tax Valuc added tax is not recoverdble by the Charity. and as such is included in the relevant costs in ihe s(atem¢ni of financial aciivilies. (h) Financial assets- classified basic fjnancial instnmients i) Cash and cash equiva]enis Cash and cash equivalents include cash in hkmd, dew>sits held with banks, and other short tcrtn highly liquid investment5 Wlth original maturities of three months or less. ii) Trade and oiher receivables Trade and other receivables thai are receivable within one year are MeasUd at the undiscounted amount nf the cash expected to be received, net of any impairnienL iii)Trade and other payables Trade and other payables that are payable within one year are measured ar ihe undiscounted amouni of the cash expected to be paid. {]) Fund accountlng Unresiricted funds comptise those funds which the trustccs are frec to use in accordance with the objects of the charity, as defined in the constitution. Restricted Funds are those Eiven for particular putposes and projects. (i) Golng concern The finan¢ial statements have bcen prepared on a going concern ba515. The current economic conditions present increased risks for all busine&8es. In reskK)nse lo such conditions, the dircctorqltru5tees have carefully considered these risks. including an asse55ment of uncertainty on future trading projection for a period of at least 12 tnonths from Ihe da* of signing the financial statemenis, and the extent to which they mighi aff¢ct the preparation of the financial statements. The directorsltrustees have concluded that the going concern basis remains appropriare. Translation of Foreign Currencies Monies receiv¢d and expended in foreign currencies are accounted for ai The ra of exchange prevailing at the date of the transaction. Asseis and liabilitics denominated in foreign currencies, which are held or owed it the balance sheet date. are converted ai (he exchange rate pvallIng ai thai dare. Differences on foreign exchange are reported in the Income and Expenditure Account. (k)
THE OXFORD CENfRE FOR TRAINING RESEARCH ADVOCACY AND DIALOGUE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERtOD ENDED 31ST MA Y 2025 Accountln Policies cont'd o) Operating I%a5es Renials applicable 10 operating leases where SubantiallY all the benefits and risks of ownership remain with the lessor, are reflected in the statement of financial activities &$ incutTed. {ml Pensions The company previously operated a defined contribution pension schetne. The relevant scheme was the Church of England Funded Pensions Scheme. Since Au8USI 2019. the pension has been in drawdown and no further contributions are payable. 2. Income and endowments The TNstees wish to express their SiTKere gratitude to all donors who have enabled the Chatity's work to continue. Significant funding was received as follows- Received From Sophos R Hodgson Srewardship Foundation Stiftung 1,502
io. THE OXFORD CENTRE FOR TRAINING RESEARCH ADVOCACY AND DIALOGUE LTD ST NOTES TO THE FINANCIAL STATEMENTS FOR THE PE]UOD ENDED 31 MA Y 2025 3. Costs of Activitles in Furtherance of the harit Unres. tricted Restrictod Fllnds Unre Tot21 tricted Restrlcted 2025 Funds Fut)ds Total 2024 ram Costs Salarie5 and associated costs PrintingJpostageJstationeryladvert15ing Traveuaccommodationlsubsisience Telephone and internet Losbl {Profit) on exchange Conferences and lectures Office costs (inc donated services) 39,536 2.530 15.063 408 9.839 39,536 34,541 2,530 1,1(KI 2.196 17,259 18.503 408 521 9,839 4.083 34,541 18.503 521 4,083 1.198 15,(XX) 1.198 15.000 15,000 15,(XX) 82,376 2,196 84,572 73,748 1,198 74.946 oftrice Costs The Trustees of The Oxford Centre for Training. Reseah, Advo¢a¢y ond Dialogue Ltd are indebted to Sianhill Foundation for providing office space and administrative support during the yeAr. free of charge. The value placed on these services by the Trustee5 is £15,000 p.a. The income equivalent of thcse donated service5 is recognxsed within incoming resources as voluntary in¢oJne (genera] donaiions) and Ihe equivalent notional charge is Teflecl under Program cosis above. Grants Ex ended Unres- tricted Restrlcted Funds Funds Unres- Total trlcted RestrSeted 2025 Funds Funds 2024 The following grants were eXnded. To Organisations To Individuals Theological Education Grdnts 5,000 5,(Kx) 19,IK)0 19.(KK> 1.808 3.578 1.970 12.670 14,640 947 1,033 1.033 1.770 947 2,717 6,808 9,525 3,(X)3 31,670 34.673 Other Su ort Costs Unres- tricted Restrieted Funds Fun(Ls Trres- Total tricted Restrict 2025 Fund% FU Tota Independent Examiner's fees - independenr exat accountancy eic Sundry expenses Bank charges 1,200 1.800 34 137 1,2(M) 1,21X) 1,8(K) 3,997 34 137 1.200 3.997 326 326 3,171 3,171 5,523 5,523
ii. THE OXFORD CEPURE FOR TRAINING RESEAR H ADVOCACY AND DIALOGUE LTD NOTES TO THE FINANCLIL STATEMENTS FOR THE PERIOD ENDED 31- MAY 2025 Staff Costs The average number of Frsi)nnd employed by rhe charity was as follows.. 2025 2024 Program and administrative personnel The aggregate p&yroll costs of these employees was as follows:_ 2025 2024 Salary costs Employer's National Ynsurance {net of Emp. Allowance) Pension coniributions 39,536 34541 39,536 34.541 No employee received emoluments in excess of £60,(KK> pa. b) One of the Trustees, Monsignor M J Nazir-Ali, receives a salary from the chariiy for his post as Executive Director. the payment of such functional salary has been approved by the Charity Commissioners. Mrs V Nazir-Ali, wife of the above, also receives a small salary for her role as adminisirative and pasiordl support. No expenses paid to any TTUStees', reimbursements are made where overhead items have been initially expended by the Trustees on behalf of ihe Charity. Result for the Period 2025 2024 The wrplus of expenditure over income is stated after charging: Indettndent Examiners Remuneraiion for examination services for oiher services Bank Interest and charges 1,2(X) 1,8(K> 137 1,200 3,997 326 Transfers between FuniL There were no such transfers for either 2024 or 2025.
li THE OXFORD CENTRE FOR TRADIING RESEARCH ADVOCACY AND DIALOGUE LTD ST NOTES TO THE FINANCIAL STATEMENfs FOR THE PERIOD ENDED 31 MA Y 2025 Pension Costs Position until August 2019 The Church of England Funded Pensions Scheme is a defined benefit scheme but The Oxford Cenire for Training. Research, Adv(tacy and Dialogue Lid is unable io idenrify its share of the underlying assets and liabilities- each employer in that scheme pay5 a common contribution rate. Periodically. the scheme is valued and adjustments made to rhe employer's contribution rate as deemed necessary. Previous to August 2019. agrecmenr had been reached with The Church of England Pensions Board such that any projected pcn5ions funding shortf211 would bc paid ovei. a number of yeaTS. togeiher with the USU annual contributions. Incoming funding to the Chari(y was sought to Cover this budgeted additional expense, again on an annual basis. and thus the overall maiching of income and outgoing resources would be both consistent, and a bcttcr indicator of the ceful stewardship of the Charity's resources. Position from August 2019 Since Augusi 2019. the pension has been in drawdown and no further contributions are payable. io. Debtors: Amounts Fallin Due in One Year 2025 2024 PpaYMents. deferred expenses and sundry debtors 6.479 5.921 6,479 5,921 ii. Creditors: Amounts Fallin Due in One Year 2025 2024 Accruals and sundry creditors 13,214 21.369 13,214 21.369 12. Share Ca The Oxford Cenire For Training, Research. Advocacy And Dialogue Ltd is a charitoble company limiied by guarantee and does not have a share capital.
13. THE OXFORD cErRE FOR TRAINING RESEARCH ADVOCACY AND DIALOGUE LTD NOTES TO ETrLE OD ENDED 31- MY 2025 13. Restricted Funds Balance blfwd Incomln Out In Balancecifwd 116124 & transfers & transfers 3115llS Fund for the Relief of Persecuted Christians and oihers Scholarships & cours&s "Pass Through" Funding Diocese of Raiwind Talking Abolli Dying (book) CCFE Conference 6.643 13,681 250 191,594 180 390 2,196 1,808 4,447 13,375 250 186,594 180 1,040 1,502 650 211738 2.152 9,004 205,886 Scholarshi s and Courses The involvem¢ni wilh young people h¢r¢ includes education and vocational training. Aid given here is generally in microgrant forni. Pa55 Throu h Fundin This generally includes don21ions to be onward transmitted according io the donor's directions. DIoce of IL'iiivin(I This effectively represents Pass Through money to support a Technical Training Institute in Pakistan. Whilst Ihis fund is principally direcied towards education and irdining, it a]so includes funding for The Jusiice Project reseCh in relation to this and plening for a conference concerning it in the near future. 14. Anal 515 of Net Assets between Funds Fixed Net Current Ats A&sets Total Resiricied Funds Unrestricted Funds 205,886 127,458 205,886 127,458 333,344 333.344 15. Commitments In the opinion of the Tnjstees, rhere were no ouistsnding commitments at 31S1 May 2025.