2024-07-31-accounts

CHRIST CHURCH UNIVERSITY OF OXFORD Annual Report and Financial Statements Year ended 31 July 2024 Registered Charity1143423

Chrlst Chureh Annual Report and Financial Statement$ Contents Pages Governing Body, Officers and AdviseTS Report of the Governing Body &15 Independent Auditor's Report 1fv18 Statement ofAccounting Policies 19-23 Consolidated Statement of Financial Activities 24 Consolidated and House Balance Sheets Consolidated Statement of Cash Flows 26 Note5 to the Financial Statements Zl-51 Page I

Christ Church Report of the Governlng Body Year ended31 July 2024 MEMBERSOFTHE GOVERNING BODY The Members of the Governing Body are the Housè's charity trustees under charity law_ The membèrs of the Governing Body who served in office durirhg thèyear or subsequently aredeiailed below. Dean: The Ve Canons: The fieveiend Cènon Professor G.0. Ward The Reverend Canon Professor AP. Davison Canon Professor C. Harrison The VeneiableJ.P.M.Chaff The fteverend Canon PJ. Mo students. Professor R.B. Rutherford Profe550r R.L Judson Profe550r l.M.C. Watson Profe550r EJ.F. Simpson Profe550r S.D. Howison Professor M.J. Edwards Professor M.D. McCullcKh Professor S.L Rowland-jones Professor B.E. Jack Professor D.P. McDonald Professor S. Neubauer Professor B. Parkin50n Dr D.P. Moran Professor G. Wilkinson Professor ri.L Davies Professor GA Johnson Professor J.G.E. Cioss Dr A.J. Clark Dr B.W. Young Professor JJ. Davis Piofessor M.C.A 8ose Professor J. Yee Professor A. Kuhn Mr J.C.F.S. Lawrie Professor D_ Aart5 Professor S.J. Crag Professor Fi. Wade-Mart4ns Professor J.K. Schear Professor E.G.W. Keene Professor S.C. Mortimer Professor K. McGerty Ms P.A. Linières-Hartl Mr K. Steinber Ms L. Elder Prof&5soI S. Dadson Prtsfèssor S. Hiscock Professor G. Hutchinson Dr K. Lebow Professor A. Kuo Professor Sir T. 8erners-Lee Profe550r A. Vasudevan Professor Y. Gal Profe550r S Crahl Professor M Hol Professor C Kennefick Reverend Pfofessor S.R.l. Foot reiired 30 Se 2024 (appointed I Sep 20241 er Énted l Oct 2023 ietired 30 Se 2023 resi ned 30Se 2024 retired 30 Se 2023 retired 30 Jun 2024 ietired 30 Se 2023 retired 30 Se 2023 Iresi Iiiiiill, ned 31 Dec 2023 Page 2

Christ Church Report of the Goveming Body Year ended 31 July2024 Professor Y Nakatsukasa Oi L Brassart Professor N. Fl. Mean Di F. Giusti Di A Chi8v8ri Di W.Gh05h DIT.Ko latadze Dr N. Smart Professor A 8enai5S Ms P. Roberts Professor S. Smarit DrC.S iniello MrF.Pr Or D.A Jolowicz Or A Nickerson Or M. Srinwa5an Dr C. Ross Mr P. Holder Or J. Rinaldi Simonds resi ned 30 Se 2024 Iresi ned IS Mar 2024 nted l Oct 2023 inied l Oct 20231 inted I Se 2024 inled I Se 2024 inted I Se 2024 inted l Oct 2024 During theyear the policies of the Governing Body were developed and I[n￿rnented through nine principal committee& The current mernt￿[ShiP of these committees is shown a￿e lor each StudenL D) 12) House Committee Finance Committee Academic Committee Development Committee Salaries Board (5) Grants Committee Audit and Risk Committee Equality and Diversity Committee Welfare Committee 17) {8) {9} External members sit orb the Finance Committee. Salaries Board arKI theAvdit ar)d Risk Committee. The external members over the academic year were.. Finance Comrnittee: Mr J. Curtis, M¥ D. McDou9all (resigned 30109120241. Salaries Board." Dr l. A5qUith (resigned 20¥20241, Ms IC Paterson, Mr & Wats￿. Mr J Greenwoodlappointèd 1¥000241. Audit and Risk Committee.. M¥ R. Rawlinson, Ms H. Thomas. Mr ￿ Webstff. HOUSE SENIOR STAFF The senior staff to whom day to day management is delegated ale as f( A The Dean The Ve Reverend Prdessor &)roh FcA)t Professor DtirkAarts(to31/u/th241 ProfessorJer)nifer Yeellrom oV08k024 Profe550rJeKJnifer Yeelfr(Mn oVo8f2023 to 31/07/20241 Professor Simon D(Jd frorn oV08t2024 MrJame5 Lowrie Ms Pauline Linières-Hwtley (to301oEO2024J Mr Mark Kerri on from oY07/2024 B The Senior Censor C The Junior Censor D The Treasurer E The Steward Page 3

Christ Church Report of thè Governing Body Year ended37 July2024 HOUSE ADVISERS Investment manager5 Oxford University Endowment Managèment Limited 27 Park End Street. Oxford, OXI IHU Investment property managers and principal sutveyor Savills IL&PI Limited Charteied Surveyors w￿haM Court. 11 Westway, Oxford. OX2 OQL Auditor Crowe U.K LLP R+ Building. 2 Blagrave Street. Reading. RGI IAL Bankers Barclays Bank plc Business Banking, 41h Floor. Apex Plaza. Forbury Road. Readin9, Beikshirq r￿17 iAX Sglieltors Blake Morgan LLP Harbour Court, Compass Road. North Harbour. Portsmouth. Hampshire. ￿45[ Mills & Reeve LLP Francis House. 112 Hi11s Road. Cambridge. CB2 IPH Address Christ Church. St Aldate'4 Oxford. OXI IDP Website vw.chch.ox.ocuk Page 4

Chrlst Church Report of the Governlng Body Year ended31 July2024 The Members of the Governing Bixly present iheir Annual fieport for theyeareDded 31 July 2024 under thè Charities Act 2011 together with the audited financial statements for the >ear. REFERENCE AND ADMINISTRATIVE INFORMATION Christ Church is a joint foundation- of a college in the University of O¥ft%d aKI ofthe Cathedral Church of the Diocese of Oxford- supported by a single corporate endowment, which s known a5Christ Chuich I'the House"). The present collegiate foundation was established by King Henry Wll in 154&Statutes were confecfed by the Christ Church Oxford Act. 1867 and these. as modified subsequently by Oxford University Commissions and by Order of His Majesty in Council. govern its affairs. The government of thelou￿lation in the Governing Body formed of the Dèan. ￿rtain of the Canons and the elected Students. The House Tegistered with the Charities Commi55ion on 17 August 2011 Iregisiered number 11434231. The namès of all Members of the Goveining Bc#Jy at the date of this reput aKI ol those office during the year. together with details of the senior staff and advisers of the House. alè g￿1 (ffi Fkiges 2 to 4. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documents The House is governed by its Statutes dated 16 March 2011. Governing Body The Governing 8ody is constituted and iegulated in accordance with theHcwse's statut￿ the terms of which are enforceable uliimate5y by the Visitor. who is His Majesty. the King. MemEtship of the Governing Body is associated (automatically in most cases) with apFKTrintment or election tote1￿1n posts in the joint foundation, as outlined below. and lapses in the evenl of resignation or retirement fromthose tK)5 The Governing Body consists of the Dean. Canons las defined bn Statute kllill ar)d Students las stated in Statute Xllll of Chrisi Church. The Students mèy be lil tutorial fellows. appointedto jThnt posts with the University, lill University Professors or holders of equivalent wsts or Unt￿sIty Reader% lilli senior admini5tiative officers of the House, including the Treasurer and the sieward.. and livl othei persons ddisiinction wtr￿ eleciÉon to the Governing Body in the opinion of the Governing 8cKty will advance the interestsof education and learning in the House or will broaden its expeitise. The Governing Body determines the sirategic direction of the House and regulates its administration and the managemeni of its finances and assets. It meets regularly under the ch•iman5hip of the Dean and is adwsed by a number Ofcommitte￿ the most impoitant of which are deLailed below. Recruitment and tralnlng of Members of the Governin9 Body As membership of Governing B(#Jy is dependènt on the holding of Oth￿pOsts. tecruiiment depends on the procedures normal for those posts. The Dean. Sub Dean and Regius pl(￿esSorS are appointed by the Crown. Other academic appointtnents are by appointment commiiiees.. these are unNer5ity cornmiltees in the case of Piofessors lother than the Regius profess￿5) and joini universitylcollegecommittees in other cases. The Archdeaeon is appointed by the 8ishop of Oxford in consultation with Chapter ol the Cathedral. Senior administrative post5 3rÈ filled on the advice of specially formed cornmitiees ietx)Iting to Governsng 8ody. oiher person5 of distinction may be invited 10 take up Studenlships which givethem mefflbership of Gove¥ning Body. New members of Governing Btxly are inducted by curreni college officets. typicallythe Censors and the Treasurer. Induction topics include the role of the Governing Body in rhe Joint FoUnda1￿n and responsibilities of its members. Members of the Governing Bojy atlend exiernal trustee trainkig and information courses to keep them informed on current issues in the sector and on regulatory requiremen1& Rèmuneration of Mèmbers of the Govèmlng Body and Senior Collegestaff Members of the Governing Body. who ale piimaiily Fello￿ are teachingarKI research employees of the House and receive no remuneration or benefits from their trusleeship of the Hwse Those trustees that are also employees of rhe House receive remuneiation for their work a5 employees ( the Htsu5e which is set based on the advice of the House's Salaries Board. three membeis of which afe not n*mbersof Governing Body and nol in receipt of iemuneration from the House. Wheie fM)ssible, remuneiationi5 set ID linewith thai awarded to the Universit￿5 academic staff. The remuneration of senior college staff is set by Ihe House's RemunerationCommirt&. Page S

Christ Church Report of the Governlng Body Year endéd 31 July 2024 Organisational management The Governing Body M￿t5 ordinaiily nine times a yèai. Thework of deveh)ping policiès and monitoring implèmentation is carried out by nine principal Committ The House Committee cor)siders questions Invo￿1n9 the domestic finan￿ managèment and organisation of the House. accommojation and the use of spa￿. and other domeslK matters. The Finance Committee considers matters relating to the property investments of the House. and questions involving the ove¥all financial tK)licy of the House. The Audit and Risk Committee considers matters ielating to the extwnalaudit of the House. and examines the findings of the auditors. The Academic Committee considers matters relating to the teaching rearch and educational activities of the House. The Development Committee considers matters concerned with al￿]n1 relations and with fund-raising for the purposes of the House. and advises the Development Director a￿1 the tkvelopment AdwseT. The Salaries Board considers questions relating to the salartes and expensesof those engaged in teaching, members of the House and to other exper)5es connected with such teaching. The Grants Committee considers questions of reasonable charitable(k)nations under Stat. XXXIAlvl and of grants for membeis of the Governing 8cty. Lecturers. Junior Research Fèllows and Senior Scholars. The Equality ènd Diversity Committee monitors. provides informati{￿ arKI takes actions related to equality and diversity within the House. across the collegiate University. and ￿ regards to exlernal agencies and individuals. The Welfaie Committee considers issues relating to thewelfare of Junior Members. Senior Members and slaff of the House. including the Prèvent Duty and Safeguarding. The day-to-day running of the House is delegated to the Dean and Cen9xs. andother college officers notably thè Treasurer and the Stewafd. The Dear) and Censors attend all meetings oftheprincipal committee5 excepi that the Junior Censor does not attend the Salaries Board, the Senior CerbSOI doesnot attend the Grant5 Commitiee and neither Censor attends the 8enefices Commiltee. When the Dean 15 unable io attend a meeting, the Censor Theologiae noimally attends in their ￿a￿. Under Clause Slal of the House's Statutes certain poweis are reserved toiheDean arhd Chapter in ieSFeCt of. 111 the Cathedral Church and its fab¥ic and appurtenances, includirwJ the Chapter House.. and Pl the Cathedral Chaplain& Organist. Lay Clerks and Choristers. arKlothèr officersof the Cathedr81 Church.. nd 131 the residentiary house5 assigned foi (￿CUpatIOn by the Dean a￿the Canon5 togèther with Cloister HoLJSe. Members of Chapter form the Board of Governors of Christ Church CathEdrd Schoc4 I-CCCS'J, which is chaired by the Dean. CCCS occupies buildings wovided by the House which ftom iwne io lime provide5 financial support foi the school including choral 5eholarship GTOUP Structure and relationshlps The House administers many special trusts. as det3iled in Notes 2110 22to tlE financial statements. The House also has five wholly-owned non-charitable Subsidiari￿ Chiistchurch Oxford Trading Limited, whose annual profits ale donated to the House urKler the Gift Aid Scheme. Chrtst thuich (Eveshaml Limited. Christ Church (Daventryl Limited, Thomas Wolsey Propeity Limited and Wick Fartning Limited. all of which hold agricultural land with long term developmerFt potential. The trading actmties ofchrist Church Oxford Trading primarily comprise revenue from conference activities and letting of ihelacilities when not in use by the House. The subsidiaries. aims, objectives and achievements are covered in the relevant ctions of this report. The House is part of the collegiate University of Oxford. Material Interde￿n￿nQeS betweèn the Universily and the House aiise as a consequence of this ielationship. Page 6

Christ Church Report of thè Governing Body Yeor ended 37 July2024 OBJECTIVES AND ACTIVITIES Charltable Objects and Alms The Objects of the Charity are as follow& Al The advan￿ment of rèligion. education and learning. in paTticular bui notexduSive￿ by- lil the provision. support. conduct and maintenance of Chrisi (hurch Cathedral as rhe Cathedral of thè Diocese of Oxford, together with its Choir", lill the provision, support. conduct and Maintenan￿ of Christ Churth as a college within the University of Oxford: and liiil the promotiork of research in any branch of learning. Bl In so far as it is not incompatible with the objects set out in IA) abrhe. the advancement of the arts, culture, heritage and science. in particular but r)ot exclusive￿ by. lil the pieservation and conservatK>n of collections of articles of list(￿e31, aesihetic or scientific interest,. lill the preservation and con5enration of the Cathedral and its apwrtenances including the Chapter Housè,. and liiil the preservation and conseryation of the other buildings olthe Ho￿e and its curtilage includin9 the Meadow. The Governing Body has considered the Charity Commission's guidanceon put4￿ benefit and in keeping with its objects, the House's aims for the public benefit are: the advancetnent of religion by providing and maintaining the Cath￿ra1 of the DTrcxèse of Oxford which is home io an active congregation and a world-famous Cathedral Cho￿, the advancement of education and learning by providing higher ed￿at￿n for some 448 undergraduate and 236 postgraduate students within Oxford University. the students bwg selected by academic merit,. the facilitation of research in a ran9e of topics by providing access t0￿S libraries Picture Gallery and othei collections to its undergfaduates. 9raduates. fellows and members dthe G(Kerning Body undertaking research and. on a discretionary basis to non-members of Christ Church urKlertaking appropriate research., thè further advancement of education and learning through the actNitie5 olthe Cathedral School.. the advancement of the arts, culiure, heriiage and science by the preservation and conservation of collections of articles of historical. aesthetic or scientific inieresL the making avail3tAe olceriain articles to researchers andlor the public.. the advancement ol the arts. culture and heriiage by the preservati￿ and conservation of the Cathedral and its appurlenances including the Chapter House. and by the preservationand conseEVation of the other buildings of the House and its curtilage including the Meadow, for the I￿nefit ol current and future members of ihe House and of the geneial public." and the advancement of thearts culiure and heritage ty the maintenance of its choral foundation. one of the oldest in England; the House is parlicularly commilted to the provision of student sup￿r[In the form of both bursarie5 and support for cuirenl siudents in financial difficulty. with a view to en%trrir¥J that those of sufficient academic ability should be able to atiend Christ Church irrespective of family i￿o￿e. Thè aims set for the House's subsidiaries are to help finance the achwement ol such aims. Page 7

Christ Church Report of the Governing Body Year ended 31July2024 Activities arsd objèctlves of the House A year at The House: l August 2023 to 31 July 202&. Academic Activikne5 The Houses activities aTé frtused on fvrthering its stated objects arKI aims for the public benefit, among which education has a key pla￿. Our charitable object of promoting research has been fuithered by a raThJe apF)ointments made during thè 2023-24 year. lo start in Septembei or October 2024. Support for the￿051 promising young scholars is in evidence in the appointment of four new Junior Research Fellows lin Asian and Middle Eastern Studies, Computer Science. Philosophy and Physics), a Stockholm Fellow in Law. and a Postdoctoral Research Fellow in Legacies of Colonialism. Showing our continued commitment to world-class iesear(th-loJ teachiF)g, we also appointed Offi'cial Studen@A%sociate Professors in Italian, Biochemistry and Biology. and a Regius Piofessor of DiviT)ity. as well a5 a new Fowler Hamilton visiting professor for the year. We also made a newaprK>intment who will Start in Hilary 2025.. 8 Regius Professor in Pastoral and Moral Theology. The Christ Churth Rèsearch Centiesupported a wide range of innovative research projec The yèar 2023-24 was marked by Scholar￿ success wthin both our academicand Siudent bodies. In recognition of her outstanding contribution to public healih and scierKe in her role as the Oxfoid Pioject Leader Spearheading the development of the OxfoTd-AstraZeneca COVID-19vactine. P¥ofessor Dame Sarah Gilbeit was awarded the Freedom of the City of London. Chiist Church asirophysiCi5t Professor Stephen Smarii was one of two knrld-class scient15ts' to be awafded a prestigious Iloyal k>ciety Research Professorship thisyear. Among the recipients of thi5 yearfsvice-chancellor's Awaids. which recc¥Jni* the research and teaching excellence, innovaiion and achievement5 of the Unsversity of Oxford's a(xletnics. was Professor Simon Dadsor). Turor in Geography at Christ Church. whose team was celebrated for itsengagement wth those outside the University to improve global water security- Christ Church Lecturer in EThJIn￿rIng Or Chenying Liu received two national awards for her outstandirbg science communication and Tesearth.. Ihe ￿ltISh Science Association IBSAI Ch￿ Dr Liu as this year's British Science Festival Award Lecturer for Ens¢neerin9, T￿hnOlogY and Industry. and BIG- the UK'5 foremost network of STEM communicators- presented the Josh Award for Science and Showmanship. A Royal Collection Trust research project led by art histoihin Dr Niko Munz, Junior Research Fellow at Christ Church, resulred in the rediscovery of a major 17th-century artw)rk.the formerly'lost. painting Susonna ond the Elders has now been reattributed to Italian arti51 Artemisia Gen￿eSchIl]S9>l653l. Julia Moore, a recent graduate of Christ Church. was electe(I to a Fellowship by Examination at All Souls College. All Souls electsjust two'prize Fellows" each year through a notoiiouslydrfficult competition open exclusively to recent Vniversity of OXf￿d graduates often dèscribed as'the hardest exam sn the world." Chiist Church graduate student Oscar Jelley won the prestigious ObserveflAnthony Buigess Prize fot Aits Journalism, an annual competition that aims to discover and spotlight emerging talent in critiral writing in the arls. A short story by first- year History and Politics undergrad Hassan Akram. was shottlisted for t￿Year'S0￿weII S(ciety Dystopian Fiction Prize. Christ Church Dphil candidate Serene Singh was awarded the presiigious John Robert Lewis Fellowship which, establsshed by the Washington-based non-profit Faith and Polilics Institute IFPII. honovrs the legacy of the late US Representative and civil rights leader John Robert Lewis. Our students also won a range of Universiiy-wide prizes. Jonah Diomedewas awarded the 2024 Elizabeth An5combe Prize by the University of Oxford's Faculty of Phi1050phy. iecewed lor having wriiren the best undergraduaie thesis at Finals Ithis is the second yeai running that a Christ Church student has won the Prize). The University of Oxford also awarded prizes to Christ Church students their itnpressive peifoimance in their four-year Computer Science integrated masters degiees.. Joshua Omole9an received the Gibbs Prize for having produced the besi final-year ComputeT Science project. while (knen AgTEI secuied the Hoare Prize for the highest overall peiformance in the Cotnpuier Science and Philosophy course. Physh)logical Society awarded the 2024 Undergraduate Priie for Physiology to Christ Church medical Siudeni TIK)rnas Angell for iesearch completed in the lina1 year of his 8A in Medical Sciences Neha Jamal was awarded the2024 Reaktion Book Prize for the best extended essay in the fiisi year of the Universityof Oxford's History of AwlDegree. Page 8

Christ Church Report of the Governing Body Year ended 31July2024 Otherstudènt achievemènts The year from l Augusr 2023 to 31 July 2024 has also been characterised ty non-￿adeMiC succe55es in our student body. Christ Church students were aciwely invofved in intèrlawship schemes administeied by thè cential Univer51ty. which makes allocations prirbcipally on the basis of hwsehold income. Christ Church also provides financial assistance such as subsidies of accommodation and dniryj costs. and summer internship bursaries for currentjunior members depending on household income.with otl*r 9rants allocated after evaluating students, income and expenditure on a case-by-case basi& Governan The year began following the hi5toiic appointment by the King of The W Revil Professor Safah Foot as our Oean in July 2023- the Iifst woman to hold this post in the neai half-millenni￿n since our foundation. The Rt Hon Dominic Grieve Kc's independent review of ihe governanceof the Foundathon (completed May 20231 made a series of recommendations thai the Goveining Body is carefultyconsidwing, to ensuie ihat Chiist Church's statutes. by-law5 and governance arrangements meet the Tr￿5 Otthts unLque Institution in the 21st century. Thss will ensure thèt we will coniinue to be 3ble effectively to puisue our stated objects and aims for the public benefit. The Goverrhance Review Committee met fortnightly thiixuknut each term of the year and consulted the Governing Body. notably at extraordinary lunchtime rneetings. with an Away Day planned for 27 September 2024. The Charity Commi5%ion has been upjaled on progr£ss regularly_ Several important steps towards implemeniation of some of the iecommendations of Dominic Grieve's Review have already been taken. A separate Audit and Risk Committee with three external members and an external chair has been established. We have appointed a full-time Welfare Manager and a full-iime Chaplain. separating these roles, and we have devolved some of Ihe responsibilities of the Junior Censor to the Welfare Manager. In order to clarify the legal position ol the incoming Regius Profe550rs in relation to Chrisl Church.sepaiate leiters of engagement and Page 9

Chrlst Church Report of the Governing Body Yetsr ended 31 July2024 licenses for occupation were signed by the two new apFX)intees. Christ Church has also obtained planning and listed building consent to divide the Deanery into two iesidential dwelliThJ5. We ère continuing with an institution-wide safeguarding review, although the expetted report that we commissioned from Ineqe has been delayed by external faciors beyond our contsol. ACHIEVEMENTS AND PERFORMANCE 448 undergraduate siudents weie enrolled during thè Ècademic year 2023-24 {2022-23= 4591. Of the undergraduates 13412022-23: 1291 were finalists who completed their degreecour 8433% gained Firsts or 2.ls 12022-23: 86.82%). 236 graduate siudents were following courses of study during the academicyeai 2023-2412022-2&" 2291. Of these. 4612022-23.. $01 completed ma￿erS18cLdegIeÉS and 35 completed dOct￿aleS{?022-23'. 251. Cathedral review The Cathedral's daily round of liturgical services continued with growing nurnbws ofCOngregan￿ We appointed The Revd. Canon Peter Moger as Sub Dean in October 2023 following the interregnum of the post during the previous year. We welcomed increasing numbers ofvisitors to the Cathdral sutpoitin9 a record rise in visitor rèvenue& Our pilgrimage activities were developed notably the establishment ofthe St. Frideswide Way from Christ Church Calhedral to Reading Abbey foiming part of the Camino I￿J1￿- a mediev81 route to Santiago de Compostela, one of the most lamous pi19rhm destinations in Europe. Cathedral School rèvlew Pupil numbers at the Cathedral Sch(M)I rose during the yeai from 138 in MichaelmasTerm to 144 at the Ènd of Trinity Term. The number of Cathedral Chori51eis was 16 in Michaelma5 a)d Hilary Terms but three new Cathedial choristersjoined in Trinity Term and nvmbe¥s rose to 19. A total of fNe sclK>laiships were gained by this year's le3vers12022-23'. eight). The Caihedral School fflade an overall surplus beforedepreciation of £99k. and a surplus after depreciation of £32k Fundraising review Voluntary income from fundraising amounted to £3.629k P022-23". £3379k).whith excludes all pledge5 and the notification of 11 new legacy pledges111 for 2022-231. Enga9ement with thmThi cwtinued to be active with a busy programme of events. Events weie held in Singawre and Hong Kong. Sv) FiarKisco. Los Angeles. Boston and New York. as well as Oxford arbd London. Christ Church held its second GwirKJ Day in November 2023. raising over 00,000 from 280 donors. in sup￿rt of our partnership with Intouniveryty. The tdethon was reintroduced in March 2024. with student callers raising donations and confirmed pled￿ totalling over £200k during the course of a week. The percetbiage of alumni donating to Chrisi Church was 12.S%12022-23-. 12.1%1. 92% ofthe 2024 leavers contributed a Leaveig Gift12022-23". 82%) with Uwml￿9fadU3(es and 92% of graduates making a gift P022-23.' 85% and 74% respectively). During the year we introduced new Oonor Circles. above and below theBoatd of BerFefactor& to recognise the generosity of donors. There were 384 donors recognised at the level of &)ard ofBenefaclors and above. with a furiher 118 donofs recognised as Liddell Patrorbs (Qok -£SOkl. We had W mernbe15 of TOM, the Society which recognises regular donors and 210 members of the 1546 Society which ￿￿ogniseS indimduals who have informed us that Christ Church is included in their will Developrrent costs (including salaries of staff in the tyevelopment and Pjurnni Relations Office. and the organisation of alumni and donor ￿ents and comtnunicationsl amound io £136K representing a 4% feduction on the previous year PO22-23.' £T70kl. FINANCIAL APdlEW The House's total Income of £49J39k P022-2k- £4Z621kl was £&718k higherihan 2022-23. a 1&8% incfease. The charitable activities tsf ihe House include teaching and reseaich. pr¢Nision of board and lod9ing5 for members of the House, Cathedral and Cathedial Schcy)l and access for visitor& incorne generated by these charitable activities amounted to E17597k. an uplift of £2.809k1+l9%1 compared toihe previous year12022-23'. £14,788kl. The cost of undertaking these charitable aclivities in the year was £36.T24Kan increase of £2.303k1+6.7%1 compared to the previous yeèr12022-23". £34,421kl. There was an overall opeiating defKit of £19.IZ/k P022-23'. £19,633kl on these charitable activitieswhhch hs funded by spendable donations irading irKoFre and iiansfers from the House's endowment. Page 10

Chrlst Church Report of the Governing Body Year ended 31 July 2024 In¢ome Income from charitable activities was a7S97k comprising fee income ofE3.832K which was 5% higher than the previous year, college residential income of £&422k whith was 17% highet. C4Jmbined income from the Cathedral and Cathedral School of £2,593k was 9% higher and visitor income of £4SS9kwas £1.428k146%1 higher than the Previous yeaT12022-2& alllkl with income now above pre-pandemic I￿ls. Fundraising income Iwhich includes both income and capital donationslwa5£3.629k. 7% higher than 2022-23. Capital donations of £3,087k were IO% higher P022-2&- £2.817kl while spthdabledon3tions of £542k were 4% lower than 2022-231£562kl. Non-charitable tiading income of £2,013k was O57k highei r20Z2-23'. ￿.￿k).whilst charitable conference income of £1,944k was £286k highei than 2022-23. Income from investment assets of £25,920k was 167% higher than the PTEViOU5 ￿3￿12022-23.' £22,406kl due largely to an increase from property investments to £9.515k l+ 34% or +Q424kl *knile other investment income of Q3.10Sk 12022-23.. £13.I99kl was in line wiih last year. Other miscellaneous income of £l80k P022-2&" £192kl was 6% lower thanthe prwious year. Expenditure The House sets its budget for expenditure on the basis of a rolling S-yeaw plan which enablès forward planning of significant building and Maintenan￿ projects and other strategic projects set by G(￿e[TrIng Body. The House's total expènditure of£47,44Sk was £4271k PO%) highei than20Z-231£43.1741. Expenditure on charitable activities of £36.724k was £2X13k higher than Iheprevious year. Maintenance and refurbishment expenditure on college buildings of El.435k12022-23." £5.408k), wa5 Q,OZlk higher compared to the previoLÈS year. Included in the current year is £2,030k in felation to Tom 6&7 (including Batchelors Rowl staircase refurbishments (2022-￿ £441kl. £1.233k in relation to tsddell buldin9 heating arbd bathroom upgrades 12022-23.. U.132kl, £485k in Telation to Deanery and Fell T(wer refurbishnEnt12022-2k- £954kl and ￿38k in relation to Cathedral School external repairs to Brewei Streel12022-23'. £191kl. ott￿r projects undertsken ineluded.. ￿brarY extension and Picture Gallery project1£537kl and O84k in relation to theLee Buildin9 lift installation. Rent, rates and insurance of £1,026k is in line with 2022-23. which includes ihe rentalof Ir7 st Aldate's. Oxford, a 79-bed residential staircase occupied by the House on a 40-year long leasehold b3stk Following a review of ils Outreach and Access activities in 2017-18. a number of new initiative5 were implerrffited in this area. 2023-24 saw expenditure increase by £42k to £637k P022-23.' £595kl. Included in total charitable expenditure is the movement in theyear on the defined benefit pènsion schemes. deficit liabilitie5, as required under FRS 102. At 31 July 2024 both schemeswwe in surplus, hence the net movement in theyear eliminates the liabilities brought forward of £3.564k. This 15 made up from an eliminatson for OSPS of£43k, and an elimination lor USS of £3521k.12022-23: OSPS rEd￿tIOn of£l.184K USS reduction of £315k and £144k for TPT amounting to fl.643kl. The lotal pension scheme defKil liability as at31 July2024 recognised in these financial statements as required by FRS 102 has thus reduced frorn £3564k to £nil. The cost ofgenerating funds in 2023-24 was £10,721k12022-23'. £8.753kl.0.9Sgk or 22% higher than the previous year. Interest payable of £2.084k12022-U £2.084kl unchanged from 2O￿-25and represents the interest payable on £40m loan notes. bearing a coupon of 2.567%. which were drawn do1￿ in September 2016. on £lSm loan notes. be31ing a coupon of 2.01%. which were drawn down in Novembei 2019 ￿ £35m loan notes bearing a coupon of 2.16% which were drawrb down in May and August 2021. Investment maTh4gement costs of £6,56lk weie Q.929k higher than the previous year due mainly lo higher maintenance and refurkishment expenditure incuired on the House's investment propeiiies. Fundraising costs of E736k were 4% lowet than 2022-23 i£nokl. Direct Costs of E777k were 5% higher than 2022-231£743kl. During the year to 31 July 2024. the House incuTred legal ènd professionl fees relating io a range of goveinance matters amounting to £336k, £260k lower ihan 2022-231£596kl as set in Note 7 to the accounts. In addirion, the House incurred legal and professional fees on a range of safeguaidir¥J and ￿adeMiC-relaled matters amounting to £322k, £296k lower than 2022-231£618kl. Page 11

Chrlst Church Report of the Governin9 Body Yeor ended31July 2024 FRS 102 requires the rÉcognition of the fair value of complex financial instrurnents. In 2008. the House entered into an interest rate swap with Barclays Bank plc, under which it receive5 in1￿eSt ar 3-month LIBOft and pays a fixed rate of intèresi of 4.783% Thè noiional amount of the swap is £IOm and ewiies on l February 2038_ The fair value cost of unwnding this interest rate swap as at 31 July2024 has been pr¢Mled at £979k P022-23'. £655kl. an increase in the year of£324k Result for the year The consolidated net funds of the House increased by £32212k in the year12022-23". £6.EA)Ik feductionl, the net increase is attributable to: 2023-24 2022-23 Unrestricted fur)ds £ l.ff72k £ 3.297k Resiricted fund5 £ 1.839k £ 1. 246k Endowmentfunds I £ 285Olk 1£ 11.144kl I'l Includin9 total investment gains in theyear of £31.102k P022-23.' £8.948k loss). Reserves poIIcy The House's reserves policy 15 to maintain sufficient flee reserves to enat itto meet its short-term financial obligations in the event of an unexpected revenue shortfaS1 to allow the Ilouse to be managed efficiently and to provide a buffer to ensure uninteirupted seNices Total funds of the House and its 5ub5idiaries at theyear-end amounted toVm.8m P022-23'. ￿65.6M). This includes endowment capital of r787.Im and unspent restricted income fvnds toiallirTrg A6.1m. The House's free reserve5 at theyear-end amounted to a deficit of £13.459k P022-21' £ll6￿k deficit), representing retained unrestricted income resetves excluding an amount of £4508k for the t￿)kValUe offixed asset5 less a5sociaied funding arrangements and designated reserves at the yèar eThJ amounting to 0,476k12022-23". £1,612kl. Governing Bthly has set a taigei to increase free reserves by £%Xlk p3 in its rolling S-ye3r plan_ Whilst adopting a policy target for free resetves ihe Governing Bojy also reco￿lSe5 that expenditure on certain repair and renovation projects could be postwned in the event of a cash.flow ￿0b￿rn. Oesignated reserves of O,476k ai theyear end included £43k foi Unexp￿d￿ Annual Fund projects, which are projected to be speni over the nexi ihreeyears. Risk management The House has processes for identifying. evaluating and managing the wnc4)al risks and uncertainties faced by Ihe House and its subsidiaries in undertaking their activities. When it is rot ableto address risk issues using internal resouices. the House takes advice from external expert& A retmyt on major risks is prepared annually by the Treasury, which is considered by the Audit arkd Risk Committee. Financecommittee and Governing Body each year. Health and Safety risks are monitored by a committee ol head5 oldepartmerlt, chaifed by thè Steward and subject to annual external audit. Training cours and other forms of caieer development are available tomemtrs of staff to enhance their skills in risk-related areas. The Goveining Body, which has ultimate iesponsibilily foi managing any risks faced by the House, has given consideration to the major risks to which the House and its subsidiariesare exrKsed and has concluded that adequate systems are in place 10 manage these risks It Is recognised s￿[eMS can provide only ieasonable. but not absolute. assurance that major risks have bn managed. Page 12

Chrlst Church Report of thè Governing gody Year ended 31July2024 Thè principal risks and uncertainties faced by the House and its subsidiar￿5 that have been identih.ed are categorised as follow5.. Rlsk Measurès Regulatory risk Close Communicati￿ vwth the Charity Commission in light of the Official Warning Pandemic EffectThfe implemeniation ofgovernment policies: supwrt for research irntoeffeciive tieatment and vaccination. InstJrarKe {wh￿e possiblel Recruitment of staff (academic and non- academic) Terms and conditionsof sèrwice reviewed regularly Reputational risk from lapses in academic standards, safeguarding or student welfare provision Monitor admissions woceduiesstudent sattsfaclion and exam results. Mantain effective wellare team and safeguarding ￿￿edureS with overgght from Welfare Committee IT network and data security IT managed jointty fy a college consortium. Investtnent in peopleand hardwarel50ftware Recovery planning yocedures reviewed regularly. liaisor) with emergeiw S￿￿e5 Disaster Decline in purchasing power of the endowment Diversified portfolioar¢d close oversight from the Investment Group Power supply di5ruprion Coniracl in place forsiandby genetators Employment disputes Governance reviewcompleted and Human Resources team e5t*)lished Investment policyi objectives and ptrfomiance The Houses investment objectives ale to balance current and future bwfi.aèry needs ty. maintaining lat least) the value of the endowment in real terms producing consistent and sustainable Feturns to supwit expenditu￿ arwj delivering these objectives within acceptable levels of rislc To meet these objectives, the House's investfflents as a whole are manapd on a toral ieturn basis. maintaining diversilication across a range of assei classes in order lo produce an apptOPik4te balan￿ between iisk and return. In line with th15 approach. the House's statutes allow the House to invesipeimaneni erKlowment to maximise the related iotal return and to make an appropriate proportion of the unapFI"edtotal return available for expenditure each year. Investmeni policy and strategy are sei by the Governing B(Kty as advised bythe Investment Group and Finance Committee from time to time and performance is regularly tnoniiored Investment Group. At the year end, the House's long-term investments. combining securities and properly nvestments, toralled £787.Im12022-23.' £758.7ml, net of £90.Om loan note5. Investment ieturns reflected stronger markets with a total return on the House's investments aftei fees and inleiesi on the loan note5 of +6.1%12022-23.' +0.82%). The cafrying value of the preserved peimanent capital and the amouniof aThy unapplied total return available for expenditure was taken as the open market values of these funds a5 at l August 2001 together with the original gift value of all subsequent endowmenl received. On the total returrb basis of investing. it is the Governing Bod￿5 policy toextract a5 income 3.2S% (plu5 Investment management C05tsl of the value of the relevant inve5tment& However, lo smooih and moderate the amounts withdrawn. this is calculated on the average of the year-end values in of the prèceding five year& Page 13

Christ Church Report of the Governing Body Yeor ended31 July2024 The equivalent of such 3.25% of the opening value of the secuiities and txopwty investmerbts, plus costs. was taken as income in the year. The Governing B(Kly keeps the level of incon wthdrawn under review to balance the rbeeds and interests of current ar)d future beneficiaiies of the House'sactNiiie Fundraislng Activities Chiist Church's Development and Alumni Relations Office exists to deveknp lifelong relationships with 3nd amongst alumni. donors and SUPFX>rters. and to raise funds for Christ Church's charitable activities. The Development Office consists of a Directoi10.8 ￿E} and nine members olstaff (7.85 FtEI. The Office communicates news, research developments. event& volunteering OPFKHtunities fundiaising priorities and progre55 UFKlates that are important to alumni. The Development and Alumnl Relaiions Office VKJrks with a network of¥￿V￿tee￿". the Dèvelopment Board and the American Friends of Christ Church which prowde advice and suprKbiifor fundraising. and the Christ Church Association Committee which suppoits ihe offi￿.5 alumni relaiions actrlitieg Christ Church is committed to best piactice when engaging with all alurnni. curwent members parents and friends of Christ Church. It continued to be registe¥ed with the Fundfaigr¥J flegulator durin9 2023-24. wbscribing to its Code of Fundraising Practice. as adapted by agreement with the IleguLitor to meet the particular circumstances of colleges in the University of Oxfoid. The DevelopmentandAlumni Office also folk)w thè Univeisity's Ethical Gifts Policy. Christ Church does not solicit funds from members ofthe public.. its funthaisng actNities are fwu5sed principally on its alumni and third parties introduced to Christ Church by alumni ￿the Vniversity of Oxford. ineluding parents of former students. The Oevelopment and Alumni Relations Otke ￿111 a￿ayS res￿Cl the wishe5 of any alumni who wish to expand or limit communications by or means. As a registered charity. Christ Church is regulated by ihe Charity Commssion for England and Wales.. in fvndraising. the Office adheres to all applicable laws in the relevant Juri￿"Ctions Personal infortnaiion is handled with cale and confidentiality and is processed in accordan￿ with ihe Oaia Protection Att. the General Data Protection Regulalion, and all other applicable law5 to svpFK)rt the Houses missh)n, ¥elaied events. fundraising, sharing r)ews.volunteering and networking aciiwtie FUTURE PLANS The House seeks to continue to fulfil its core purposes. To ihis end. its Fthie5 inall area5 are reviewed regularly by the committees set out on page 6 and by the Governing BcJy We a150 continue io make plans for the House's SCK)th anniversary in 203. Mhich )Mll include increasing support for graduate and undergraduate edueaiion and for academic research ihroujh endowng academic posis and graduate scholarships and the oppoitunities made possible by our Ilesearch Centre. We are pursuing plans to extend the Library and Picture Gallery. which will notably allow an acCe￿ble route to the Upper Library. We are a150 planning to increase housing prowsion for gièduate studen& and txjild up graduate nLJmbers, with the creation of a new Graduate Centre. In addition, work is underway on a n&v Fou￿atiOn-wlde strategy document. 'Christ Church's Sixth Century. Strategic Plan 2025-2030 and Beyond.. ￿MCh$e￿oul our vision. commitments and priorities fo¥ the years to come. The Cathedral School's new pavilion and outdoor centre on Merton Fieldis ￿aring completion and is expected to open in November 2024. STATEMENT OF ACCOUNTING AND REPORTING RESPONSIBILITIES The Governing Body is iesponsible for preparing the Rew)rt of the Goverrbing 8(Kly and the financial statements in accordance wth applicable law and regulations. Charity law Fequires the Governing BcK4y to prepare financial siaiements foteach financial year. Undei that law the Governing Body has prepared the financial statements in aCcordar￿& wth United Kingdom Generally Accepted Accounting Piacttce (Uniied Kingdom Accounting Standardsand applicable lawl. includlng Financial Reporiing Standard 102". The Financial fieporting Starhdard Applicable inihe UKand Republic of Ireland IFRS 1021. Page 14

Chrlst Church Report of the Governing Body Year ended 31 July 2024 Ur)der charity law the Goveining B(dy must noi approve the financial &atwnents unle55 It is satisfi8d that they give a true and fair view of the state of affairs of the House and of its netincomeor expenditure for that period. In prèparin9 these financial statements. the Governbllg Body is required t select the most suitable accounting policies and then appty them cOn￿tentI￿. makejudgements and accounling estimates that are reasonable ￿ ￿Ljdenl state whether applicable accounting standards. including Fris 102.have been followed, subject to any material departures disclosed and explained in the financial statements- st3ie whethe¥ a siatemerbt of Recommended Practice ISORPI ￿p￿les3nd has been followed. subject to any material departures which ère explained in the financial statemen[& prepare ihe financial slalements on the going concern basis unlessit isinappropriate to presvme ihai the House will continue to operate. The Governin9 Body is responsible for keeping propel accounting recud5 tha4 are sufficient to show and explain the House's transaciions and disclose wilh reasonable accuiacy ai anyts"methe financial position of the House and enable it io ensure Lhat the linancial statements cornplywilh the Charl￿SAC[207l. It is also responsible foT safeguardir)g the as￿15 of ihe House and ensurin9 their propel application under chariiy law and hence for taking reasonable steps for the pievention and detectFon of fraud 3nd c4hw irregularitie5. Appioved by ihe Governing Body on 04 December 2024 and signed ￿115 tehalf ty. The Very Reverend Professor Sarah Foot Dear) Page 15

Christ Church Independent auditorfs report to the Members of thè Govemlng ol Christ Church Opinlon We have audited the fir)ancial statements of Christ Church I'ihe Charty.) and its subsidiaries I'the 9ioup'I for the year ended 31 July 2024 which comprise the Consolidated Staterrtnt of Financial Activities. Consolidated and House Balance Sheet. Consolidated Cash Fkw Statement and note5 to the financial Statements, including significant accounting p)licies. Thè financial rew)rting framework thai has been applied in their preparation is applicablè law and United Kingdom Accounting Standard5, including Financial Reporting Standard 102 The Financial Reporting Standard arvlicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In ou¥ opinion the financial statemen give a true and falr view of ihe state of the group's and the pa￿nt charit/s affairs as at 31 ju￿ 2024 and of the group's income and receipts of endowments and expendilure, foi theyear then ended., have been Proper￿ prepared in accordance with United Kin9Yorn GenerallyAccepted Accounting Practice.. and have been prepared in acco[dan￿ with the iequirements ofthe Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standaidsu) Audiiing IUKI IISAS IUKII and applicable law. Our responsibilities unde¥ those standards ar& furtheidegrib8d in the Auditor's responsibilities for the audit of the financial Statements section of ouiieFX)rt_Weare independent of the group in accordance with the ethical requiremenis that are relwant10 our audit of the financial statements in the UK. including the FRC'S Ethical Standaid. and we have fulfilled wr other ethical responsibilities in èccordance with these requirements. We believe thal the audit evidencewe have obtained is sufficierbt and appropriate to provide a basis for our opinion. Conclusions relatin9 to going concern In auditir)g the financial statemenis we have concluded that thè Memb£Ys ofthe Governing 8otys use of the going concern basis of accounting in the preparation of the fina￿al statemer)ts is approp<tate. 8ased on the work WÈ have performed, we have r)ot identified any Ir4terial uncertainties relating to events or conditions that. individually or collectively. may cast significant d(tht M the charity or the gioup's ability to continue as a going concern for a period of at least twelve monthsfiom when the financial statements are authorised for issue. Our responsibilities and the resporbsibiliiies of the Members of the Gtherning 8cxly with respeci to going concern are described in the relevant sections of this report. other information The Membeis of the Governing Body ale responsible for the other lnrwrnati¢￿ contained within ihe annual report. The othei information comprises the information included in Ihe ar)nual report. other than the financial statements and our audiior's report thereon. Our opinion onthefinancial statements does not cover the other information and. except to the exient otherwise eXpl￿tlY5tated in our reporL. we do r)ot expre55 any form of assurance conclusion ihereon. Our responsibility is to read the other information and. Trn doing so. ciMTrsider whether the other information is materially inconsisleni with the financial statements or our knowldgeobtained in the audit or otherwise appear5 to be materially misstated. If we identify such material incon5iStencies or apparent tnateiial misstatements, we are required io determine whether this gives riseto a material misstatement in the rinancial statements ihemselves. If. based on the work we have perlLNmed. ￿￿ conclude that there is a material misstatement of this other information, we ale required to tep(xi that lacL We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in rel*K)n io which the Charities (Accounrs and Reports) Regulatlons 2(K18 require5 US to report to you if. in oui (yinK)n= the informatiori given ir) the linèncial slaiements is inconsistent ith any material respect with the Members of the Governing Bodqs report; or sufficient and proper accouniing records have not been keptbyihepaient charity. oi the financial stalements are noi in agreement with the aCC￿nting iecords and returns,. or we have not received all the information and explanatlOn5 requiie fo¥ our audit Page 16

Chrlst Chureh Indèpendent audltor's ieport to the Members of thè Goveming Boty ofchrist Church Respon5ibilitles of trustees As explained more fully in the Staiement of Accounting Policies Iset ￿t on pwJes 19-231, the Members of the Governing Body are responsible for ihe preparation of the financi3lst3temerbts and foi being satisfied that they give a true and fair view. and foi such internal control as theydetermine is necessary to enable the preparation of financial statements that are free from material misstatemenLwhethÈi due to ffaud or error. In pieparing the financial statements. the Members of the Governing Bo(ty ale responsiblè for assessing the group and the p8rent Chariws abilily to continue as a going concern.disd05ing. as applicable. matters related to going concern and using the going concern basisof accounting unless the Members of the Governing Body either inter)d to liquidate the charity or to cease opeiations. or have no realistic alternative but to do so. Auditorfs responsibilitie5 for the audit of the financial statements We have been apwinted as auditor under Section of the Charities Aci2011, a￿1 report in accordance with the Acts and relevant regulation5 made or having Èffect thereundei. Our objectives are to obtain reasonable assurance about whethe¥ the￿n￿cial statements as 3 whole are free from rnaterial misstatement. whether due to ffaud 01 error. and to issue an auditor's ¥eFX)rt ihar includes our opinion. Rèasonable assuiance is a high level of assuran￿. lyjt is not a guarantee thai an audit conducted in accordance with ISAS IUKI will always deieci a materialmisstatement when it exists. Missratetnents can arise from fraud or error and are considered material il, Individual￿ or in the aggregate, they could reasor)ably ￿ expected to snfluence the Èconomic deci5i(xts of users taken on the basis of thesè financial statemenis. Details of the extent io which the audit was considered capable of detecD"ng irregularities, including fiaud and non-compliance wbth laws and regulations are sei out below. A furiher description of oui resFx)nsibilities for the audit of the financial statemenls is located on the Financial Reporiing Council's website at-. ￿M.￿(.0rg.uWaud1toIsreSlm)n￿bI1itles This description forms parl of our auditor's reporr. Extent to whlch the audit was consldered capable of detecting Irtegulariiies, Induding fraud Irregularities, including fiaud. are instances of non-compliance wilh iwsand regulation& We identified and assessed the risks of material misstatement of the financial statemerts from irregularities. whether due to fraud or errol, and discussed these betw&n our audit team. We thende5igned and performed audit procedures responsive to those risk% including obtaining audit ev1dw￿eSu￿lent and 3ppropriate to provide a basis for our opinion. We obtained an understanding of the legal and regulatory framewotks wthin which the pareni charity and group operates. focusing on those laws and regulat40ns that have a (kect effect on the determination of material amounts and disclosures in thè financial statements. The135 and regulations we con5Ldered in this context were taxation legislation, together with the Charitie5 SOIIP IFRS1021. We assessed the required compliance with these laws and regulations as pari of our audit protÉdures on the felated financial statemer)t items. In addition. we considered provisions of other laws and iegulations that do not have a direcr effect on the h"nancial statements but compliance with which might be fundamental io the parent charitrfs and the group's ability lo operate or to avoid a material penalty. We also consKle¥ed the oppirtunilies and incentives that may exist within the parent charity and the group fOrfra￿l. The othw laws and regulations we considered in this context for the group were Geneial Data Protertion Flegulations and Health and Safety. Auditing standard5 limit the requiied audit pic￿ed￿re5 to ideniify rth-comp1la￿e with these laws and regulations to enquiry of the Members of the Governing Body and (ther management and inspection of regulatory Ènd legal corresFX)ndence. if any. We identified the gieate5t risk of material impact on the financial sternents from ilfegularities, including fraud, to be within the recognition of certain income st¥eams. and override ol controls by management. Our audit procedures to reswnd to risk of income recognition wiihin the income slieams deemed to be greatest rÈsk included selecting a sample of income duiing the year.agrirKJ to the felevant documentation ènd ensuring li has been recogrbised correctly. Our ajdit pr(tedure5 to fespond to the risk of management override included enquiries of management about theii own identification and assessment of the iisks of irregularities, sample testing on the posting of jouinaliremewing accounting estimates for biases, reviewing minutes of meeiir)gs of those charged with governan(. Page 17

Christ Church Independent auditor's report to the Members of the Governing Body of Christ Church Owing to the inhèrént limitations of an audit. there is an unavoidablersk thatwe may not have detected somè material mi5Statements in the financial Staternen￿ even though we have propeily planned and performed our audit in accordance with auditing standard& For exarnple.the further removed non- compliance with law5 and regulations liriegularitiesl is from the events and transactions refleeted in the financial statements, the less likely the inherently limited prrteduresfequired byauditir)9 standards would identify IL In addition. 35 Wjth any audit. there remained a higher riskof non-detection of irregularities. as these may involve collusion, forgery. intentional omissions, misrepresentaiions, or the override of iniernal ontrols. We are not responsible for preventing non-compliance and can¢Kbt be expected to detect non- compliance with all laws and regulation Use af our report This report is made solely to the House's Governing Body, as a t￿y. inaccordance wilh Part 4 of the Charities laccounts and Reports) Regulations 2008. Our audit work ha5 ur)dertèken so that we might state to the charitgs trustees those mattels we are required to Slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not wrept orasstjme responsibility 10 anyone other than the charity and the House's Governing Body as a t￿y. forour audit work. for this report Of for the opinions we have formed. CROWE U.K. LLP Statutory Auditor R+ BuildÉng 2 Blagrave Str*t Reading RGI IAZ Datè= Crowè U.K. LLP 15 eligible for aPF)ointment as auditoi of the charity bjvirtue of irs eligibility for appointment as avditor of a company undei section 1212 ofthe Companie5 Act 20L%. Page 18

Christ Church Statement of Accounting Policies Year ended 31)uly 2024 Scope of the financial statements The financial statements p¥esent the Consolidated Statement of F¥iancialActivities ISOFAI. the Consolidated and House Balance Sheels and the Consolidated stsiement of Cash Flows for the House and its wholly-owned subsidiaries Christ Church Oxford Trading knni￿1. Christ Church IEve5haml Limired, Chrhst Church (Daventryl Limited, Thomas Wolsey P¥opty ts"mited. Wick Farming Limited, Christ Church Developments Limited and it5 interest in the Parlit¥Jion LLP joint venture. using the equity method of accounting_ The subsidiaries have been cons011tht￿ from rhe date of theii formation being the date from which the House has exercised control throtpjh ￿tIrVj rights in the subsidiaiies. No separate SOFA has been presented for the House alone as perMit￿d ty the Charity Commi55ion on a concessionary basis for the filing of cor)solidated financial statem￿tS.A summary of the resvlts and financial Posbtion of the charily and each of its mate¥ial subsidiarie5 fly the reporting year ale disclosed in note IS. Basls of accounting Thè House's individual and consolidated financial statements ha been prepared in accordance with United Kingdom Accounting Standard% in PaTticular'FRS 102.. TrFinancial Reporting Standard applicable in the UK and Republic of Ireland. IFRS1021. The House is a public benefil entity for the purposes of FRS 102 a￿1 a {eg￿tered charity. The House has therefore also PTepared its individual and consolidated financial slatements in accordance wilh The Statement of Recommended Practice applicable to charities preForir¥J their financial statements in accordance with FRSlOY trhe Charities SORP IFIIS 10211. The financial statements have bn prepared on a going concern basi5 and on the historical cost basi5. except for the measurernent of invesiments and ceitain financialassets and liabilitie5 at fair value with movements in value reporied withln ihe Statement of Financial krivsiies (SOFA). The piincipal accounting policies adopted are set out below and have bn a￿led consistently throughout the year. 3. A¢¢ounting Judgemènts and èstimation uncertainty In preparing financial 5tatementS It is necessary io make certainiudgementy estimatès and assumptions that affect the amount5 iecognised in the financial 513tements.The followingjud9ements and estimates are considered by the Governing Body to have rn0￿ sKJnil￿ant effect on amounts recognised in the financial staiements. The House participates in four principal ￿nSIOn ￿herneS on behalf d itsstaff - Vniveisities Superannuation Scheme Ilhe USS"). the University of Oxford Staff Pension heme 1.the OSPS"). the Church of England Funded Pension Scheme 1.the CEFPS"l and The pen￿onS Trust I"theTPVI. USS and OSPS schemes are contributory mixed benefit schemes li.e_ theyprowde benefits on a defined benefit basi5- based on ihe lengih of service and pensionable salary andona defined contiibulion ba51S- based on contributions into the scheme). CEFPS and the TPT aiebolh contiibutorydefined benefit schemes The assets of USS. OSPS. CEFPA and TPT ale each held in separate trustee-adminhstered funds. Because of the mutual nature of these schemes the assets are not attributed to indi￿dUal employers and scherne-￿de contribution lates are sel. The House is therefore exposed to actuarial risk associaied with employer￿ employees and is unable to identify its shaTe of the underlyng assets and liabilithe5relating todefined benefits of each scheme on a consistent and reasoriable basis. As required by Section28of FRS102. the House therefore ccounts for the schemes as f theywere wholly defined contributionschernes. As a result. the amount charged to the Statemeni of Financial Activiiies iepresents the tDntributions payable to each scheme in respect of the accounting period see note 25. Where deficit recohEryplans have been in place in previous years. the House has recognised its share of the deficii in place on each scheme, see note Before legacies are reco9ni5ed in the financial statements the Crt)vernirKJ Bodyhas to exercise judgement as to whai constitutes sufficient evidence of entitlen*ntto Ihe bequest. Sufficient entitlemeni exists once notification of payment has been reCeI￿j from Ihe execuiorlsl of the estate or estate accounts are availablè which indicate ihere ale sufficientfunds inthe estate after meeting liabilities for the bequesi to be paid. Page 19

Christ Church Statement of Accounting Policies Year ended 31 July 2024 With respect to the next financial year, the most significant are3$(￿ uncertainty that affect ihe carrying value of assets held by the House and its subsidiaries are the levelof investment return and the rformance of inve5tfflent markets. Income recognltion All income is recognised once the House has entitlement to the irtorne. the economic benefit is probable 3nd the amount can be reliably measured. Income from fees, office foT Students support and othèr charges for servlces Fees receivable, less any scholarships. bursaries or othei allowantEs granted from the House's unrestricted funds. Office for Student5 SUPPOrt and charges for savice5 and use of the premises are recognised and accounted for in the period in which the related SeN1￿ is provided. Income from donations. grants and legacles t>onations and grants that do not impose specific fuiure perforM￿c&￿e1ated or other specific conditions are iecognised on the date on which the charity has eniitlemerbt to the iesource. the amount can be ieliably measured and the economic benefit to the Houseof the (kTrnation or grant 15 probable. Donations and grants subject to performance-related cortditionsare recognised as and when those conditions are mèt. Donations and granis subject to other specificcondbtK)nsare recognised as those conditions are met or their fulfilment iswholly within the control of House and it is probable that the specified conditions will be met. Legacies are recognised following grant of piobate and once the House has received sufficient information from the executorlsl of the deceased's estate to be sètisf*d that the gift can be reliably measured and that the economic benefit to the House is probab￿. Donations, grants and legacies accruing for the general purpose50f the House are ciedited to unrestricted fund Donations. grants and legacies which are subject to conditions asto their use imposed by ihe donor or set by the terms of an appeal are credited to the relevant re5trictèJ fund or. whwe the donation. grant or legacy is required to be held as capiial. to the endowment fund5. Where donations are received in kind las distinct from cash or other monetary a55etsl. Ihey are measwed at the fair value of those assets at the date of the gifL Investmtnt incomè Interest on bank balances is accounted for on an accrual basis wth inierest recognised in the pèiiod to which the interest relates. Income from fixed inleiest debt securitie5 is reCOgn￿ed using theeffectNe interest rate method. Dividend income and similar distribuiions are recognised on ihedate rhe share inierest becomes ex- diwdend or when the fight to the dividend can be established. Income from ir)vestmenl properties is recognised in the period toWh￿h ihe fental income relate Expenditure Expendiiure is accounted for on an accruals basi& A liability and ielated expenditure is recognised when a legal or constiuctive obligation commits the House to expendiiurethai will probably require settlement. the amount of which can be reliably measured or estsmated. Grants awarded thai are not perforMan￿-re13led are charged asanextEnse assoon a legal or constructive obligation for their paymeni arise& Grants subjeci io performance-related conditlQn5 are expensed as ihe specified condilions of the grant a¥e met_ All expenditure inclLKling suppori costs and governance cost5 ale alkcated or apportioned to the applicable expenditure caiegories in ihe Statement of Financial Actmties (the SOFA). Support costs which includes governance cosis (costs of complyuig with constitutional and statutory requiremenisl and other indirect costs are aprK)ftioned to exper￿Itt￿e categories in the SOFA based on the estimaied amount attributable to that activity in the year. either by ￿fe{ence to staff time or the use Page 20

Christ Church Statement of Ac¢ounting Policies Year ended 31 July 2024 made ofthe underlying assets. as appropriate. IrrecoverablèVAT 15 induded with the item of expenditure to which it relate Intra-group sales and charges bewn the House and its subsidiatiesare excluded from trading income and expenditure in ihe consolidated financial statementg & Leases Leases of assets that transfer substantialty all the risks and rewardsofownership are classified as finance lease& The costs of the assets held under finance leases are incluikd within fixed assets and depieciation is charged over the shoiter of the lease ierm and theassets. useful IDies. Assets are ssessed for impaiiment at each rewriing date. The correspondirKJ capital obligaiions under these Leases are showrb as liabilities and recognised at the lower of the hir valueof ihe leased assets and the prèsent value of the minimum lease payments Lease payments are apportioned between capital repayment and finance charges in the SOFA so as to achieve a c(mstsTrt rate ol iniere5t on the remaining balance of the liability. Leases that do nol transfer all ihe risks and rewards of ownershipare classified a5 O￿latIng lease> Rentals payable under operating leases are chaiged in the SOFAfm astraighl line basis over the relevant lease teTms. Any lease incentNes are recognised over the￿aSe teim on a straight line basi& 7. Tanglble fixed assets Land is stated at cost. Buhldings and equipment are stated at CO￿￿5$8CcUm￿13ted depreciation and any accumulated impairment los Expenditure on the acquisition or enhancement of land and on the acqui5htiM. construction and enhancemer)t of buildings which is directly attributable to bringirg the asset to its working condition for its intended use and amounting to more than £20.000 togetl*r wth expenditure on equipment costing more than E20,000 is capitalised. Where a part of a building 01 equipment is replaced and the Costscatxta￿ed. the CaTrysng value of those parts replaced is derecognised and expensed in the SOFA Other expenditure on equipment incurred in the noimal day-to-day running of the House and its subsidiaries is charged to the SOFA a5 incurred. & Dèpreciation Oeprecialion is provided to write off the cost of all relevant tangitAe ffixed assets, less their estimated residual value. in equal annual instalments over their expected useful ecfflomic Iwès as foll Freehold properties, including major extensions Leasehold properlÉes Building improvements Equipment 3- Ioyears Books 2% pare(kJcing balance Freehold land is not depreciated. The cosi of maintenance is chwged in the SOFA in the period in which it is incurred. At the end of each reporting peTiod. the residual values and usehl li¥es ol asseisare reviewed and adjusted if necessary. In addition. if events 01 change in circumsMce5 indicète Ihat the cairying value may not be recoveiable Ihen the carrying values of tangible fIXedas￿ts ale reviewed for impairment. Propertie5 held under 3 Shared Equity HoLbse Purchase scheme are kEld at the original cost of the House's share and are not depreciated. 9. Herltage Assets The House has chosen io hold heritage assets at cost. The Househasa num￿[ of asset% ￿nClUdIng items of art and historic iexts thai meet the definition of heritageassets under the SORP. The depreciated historic cost of the majoriiy of these items is nil. Iterr6 pJrchaS￿l are recognised 3t cost and items donated to ihe House are vecogrbised at fair value. TheHouse has taken advantage of the SO yeas u period of lease if shorter 10- 30years Page 21

Christ Church Statement of Accountlng Policies Year endèd 31 July 2024 exernption within FRS 102 not to disclosè transactions before l January 2015 as obtaining fair values for these assetswould be impracticable and the cost of obtaining suth valuations would outweigh the benefits to the users of these financial statements. 10. Investments Investment properties are initialty recognised al their cost and sut6equently measured at their fair value (market value) at each reporting date. Purchases and salesd investment properties are recognised orb exchange of contracts. Investments injoint ventures are measured using the equity medK)d of ￿U￿tIng in the consolidated rinancial statements. The House's share of the net assets are incl￿ed in the consolidated balance sheet and the net sh8re of any profht or loss in the consolidaied Statement of Finarbcial Activities. In the House Balance sheet joint venture investments are carried at historical kssany provssion for impairment in theirvalue. Listed investments are initially measured at their cost and subsequently measured at their fair value ar each reporting date. Fair value is based on iheir quoted prÉce at balance sheet date without dèduction of the estimated future selling COSt& Investments such as hedge funds and private equity fundswhichhave no readily identifiable market value are initially measvred at their costs and subsequently me3￿red at their fail value at each reF)orting date withoui deductiorb of the estimated futufe sellin9c0s￿ Fair value is based on the most recent valuations available from theii respective fund manager Other unquoted investments are valued using primary valuation iechT)iques such as earnings multiplès, recent transactions and nei assets wheie reliable estimatès can te made- othe￿ise at cost less any impairment. Changes in fair value and gains arid los￿ arising on the disposalof investments are credited or charged to ihe income or expenditure section of the SOFA as'ga￿5 (N losseson investments, and are allocated to the fund holding or diswJ5ing of the relevant investn*nt 11. Other financial Instruments Derivatives Christ Church has employed an interest rate swap on one occasicfi In20￿ to fix the cost of ils debt foi 30 years. Derivatwè financial instruments are inilially measured at fair valueonthe date the contract is enteied into and are subsequently measufed ai fair value. Changes in fairvaluè are ciedited or charged to the income or expenditure section of the SOFA Hedge accounting isnot currenily applied to derivatives. Cash and cash equiwalents Cash and cash equivalents include cash at banks ar￿ in hand and st¥)rt term deposits with a maturily date of three month5 or le5& Debtors and creditors Debtors and crediiors receivable or payable within one year of the reporting date are carried at their transaction price. Debtors and creditors ihat are receivable or in more than one year and not subjèct to a maiket rate of interest are measured at the presentwalue oftheexpecled future receipts or payment discounted at a marker rate of interest_ 12. Stocks Stocks are valued at the lower of cos1 and net realisable value, c(rA tsng ihe purchase price on a first in, first oul basi 13. Foreign currenciès The functional and presentation curiency of the House and its sthsldlar￿ isthe pound sterling. Transactions denominated in foreign currencies during the year are Iranslated into pound5 5teiling using the spot exchange raies at the dates of the transaclions. M)netaryassets and liabilities Page 22

Chrlst Church Statemènt of Accounting Policies Year ended 31 July 2024 denominated in foreign currencies are translated into Wmjnds sterling at the rates applying at the reportin9 date. Foreign excharhge gains and losses resulting from the settlementof transaction5 and from the translation of monetary a55ets and liabililies denorninated in foreign currencies at the exchange rate5 at the reFX)rting date are recognised in the income and expendituresectK)n of the SOFA 14. Total Return Investment accounting The House's Statutes authorise the House to adopt a'ioial return'basis foi the investment of its permanent endowment The House can invest its peimanent en(h)wment without regard to the capitallincome distinctions of standard trust law and with di5cieih)n to apply any part ofthe accumulated total return on the investment as income for spending Each year. Until this tx)wer is exercised. the total return is accumulated as a cotnponent of the￿doWrnent known as the unapplied total return that can be ebther be retained for InV￿Ment or ielea to income at the disciet40n of the Governing ￿y. 15. Fund accounting The total funds of the House and its subsidiafies are allcKated to ￿restricted. reslricted or endowment fund5 based on the origins of ihe teims set by the donors 01 t tythe twms of an appeal. Endowment funds are further sub-divided into permanent and expendable. Uniestrictéd fund5 can be used in furtheran￿ ofthe objectsof the Hwse atthe di%ielion of the Governing Body. The Governing Body maydecide that part of theunrestrKted funds5hall be used in future for a specific purpose and thi5 will be accounted for by trarsfets toappropriaie designared funds. Restricied funds comprise gifts. legacies and grants where the dcfiors $￿CIfIed that the funds are to be used for particular purp05e5 of the House. They consist of either gfts where the donor has specified that t>oth the capital and ar)y income arising must be used for the pursx)ses gwen or the income on gifts where the donor has required or permitted the capiial be maintained and with the intention thai the income will be used for specific purposes wthin the House's objects. Permanent endowmeni funds arise where donors specify thai thefunds are to be retained as capital for the permanent benefil of the HOL￿e. Any part of the total ietufn arising from the capital thal is allocated ro income will be accounted for as unrestricted funds vnless thedonor has placed restrictions on the use of that income. in which case it will be account￿ for as a resiricied fvnd. Expendable endowmeni funds are similar to pwmanent endowrn&ntin that they have been given. or the House has determined based on the clicumstan￿S that theyhave t￿en given, foi the long-term benefit ofthe House. However, the Goveining 8(xty may at its dI￿ettin determine Io Spend all or part of the capital. 16. Pension costs FRS102 makes the distinction between a group plan and a multi*rnployer scheme. A group plan consists of a collection of entities undei common conirol typicaltywiih a sponsoring employer. A multi- employer scheme is a scheme for entities not under common ccmtrd arKI represents an induslry-wide scheme such as Universitie5 Superannuation Scheme or one for ￿[loyerS in the same locality svch as the University ofoxford Staff Pension Scheme. The accounting ￿ a multi-employer scherne, where the employer has entered into an agreettbent wilh the scheme that thtermiffts how the employer will fund 8 deficit, iesults in the recognition of a liability for the contribuiius payable Ihat arise from the agreemeni Ito the extent that they relate to the deficitl and ihe ￿5VIling expense in profit or loss in accordance with section 28 of Ffts 102. The trusiees are 531isfied that UnNefsilie5 Superannuation Scheme and the University of Oxford Staff Pension Scheme both meet the definition ofa mulli- employer scheme. The House a150 operates a defined contribution pension sCheme.c(￿tributK)Trs to these arrangements are charged to the SOFA in the peri(￿ in which they are payable 17. Key sources of estimation uncertainty The pension deficits recoTded are dependent on esiimates of futureernployment patterns and interest rates. The effects of changes to these assumpiions are shown in noie 25. Page 23

Chilst Churth Consolldated StatemÈnt of Yinanclal A¢tlvltles For the year ended 31 July2024 Unrestricted Restrxted FurKIs Futxls Notes EOCKI Endowed Fu￿5 2024 Total £000 2023 Total fooo INCOME ANO ENDOWMENTS FROM: Charitable aetlvitie& Teaching. research and resbdential Calhedial School Cathedral Heritage Oonation5 legacies other trading income Investmen￿. Investment income Total rerurn allocated to irKome Other income Total Income I5ty)4 IZ18 is9 15.004 2278 315 12,400 2,182 206 3379 zo 1013 573 44 19 24.779 P2,0321 24920 22,406 16 13.601 192 42,621 %842 EXPENDITURÉ ON: Chariiable activities: Teaching. rearch and resi(Fential orher chaTltable actiwts Cathedral Sch¢Jol Cathedral 24.781 30.634 900 17TI 2,413 28P71 858 2,689 2.003 2.Tri 112 Gener)tlng fund&. Fundrabsing Trading expenditure Endowment management Costs Interest payable on loan notes Total expendlture iJ40 1.267 4.632 2,084 43,174 2,084 47.445 31113 8,467 Net Ineomeliexpenditurel bèfore galns 625) 1094 15531 Net gaindllossÈsI on ir)vestrnents (Lossesilgains on complÈx finar)cial instiuments Net Intomellexpènditurel 1113 31,102 31,102 [3241 32.672 18,9481 2.900 146011 241 1387 1808 28.477 Group share of joirhtventure's loss 14 14601 14601 Transfets between funds Net movement in funds for the year 39 28￿7 32.212 16,6011 Fund balances broughi forward 21 253) 14Z6J 758.613 765,623 772,224 Funds ¢arried forward at 31 July 787,114 797,835 76S623 See note 36a foi theConSol￿ated Staiement of Financial Actwities the prMMpai. Page 24

Christ Church Consolldated and College Balance Sheets As at 31 July 2024 2024 Group 2023 GTOVP eo(M) 2024 The House £'ooo 2023 The House £'o Notes FIXEO ASSETS Tangible assets Pioperiy investments Other investfflenls Investrneni in joint venlure io 15732 304997 552,925 15.352 11925 28B,144 S￿).776 11721 274,450 587,351 IS3J2 13,911 258,002 590.576 12 73 14 Total Fixed Assets 88@986 86124S 890054 862.489 CURRENT ASSETS Stocks Debtors Cath at bank and in hand BS6 7.199 4.600 14.681 7.554 11197 10378 8359 Total Current Assets 20.161 18.1 21.560 19,534 LIABILITIÉS Creditor% amotjnts falling duewithin one year 18 8J26 10550 12,143 NÉT CURRENT ASSErs 7.611 156 7J91 TOTAL ASSEfs LÉSS CURRENT LIABILITIES 89￿827 869B56 899.010 869,880 CREDITORS: falling due after more than one year 19 100.984 101668 100.985 100,668 Provlsions for Ilablllties and charges NET ASS￿5 BEFORE PENSION UABILITY 797,835 769,1&1 798.023 769.211 Defined benefit pension scheme liablllty 25 3564 3,564 TOTAL NET ASSETS 797P3S 765,623 798,023 765.647 FUNDS OF THE COLLEGE 21 Endowment funds 7W7.114 758.613 787.114 758.613 Restricted funds 1&102 14.2£3 1fi102 14.263 Unre51rlcted fund5 Designated funds General funds Revaluation re¥ve Pension and loan wap reserve 1.476 {10.4271 4.549 {979} 1.612 p.i%) 4.549 14.2191 1,4Y6 15,6901 1.612 14.6221 21.25 19791 14,2191 797.835 765.623 798,023 765.647 The financial 5taiementswere approved and auihorised issue by the c￿e￿n1￿j Bocly of Christ Church on 04 December 2024. The Very fieverend Professor Sarah Foot Dean r Jans iawie rreasuier Page 25

Christ Church Consolidated Statement of Cash Fl¢)w5 For the year ènded 31 July 2024 2024 £000 2023 £000 Notes Net cash provided by (used in) operating activities Cash flows from investing activitiès Dividends. interest and ¥ents from investments Interest payable on loan notes Investment management costs Purchase of property. plant and equipment Proceeds from sale of investments Purchase of invesiments Nèt cash PTovided by {used in) investing activities Cash flows from financing activities Repayments of borrowing Receipt of endowment Net cash providèd by lusèd In) finanelng activitles 28 {20.750) 126,6761 25.920 (2,0841 I6￿61) 17451 68,016 (62,3081 22.238 22,406 12.0841 14,6321 11721 194J45 089,2601 20,603 087 3,087 2,817 2.817 Change in ¢ash and ¢ash equivalents in the reporting period 4575 13,2561 Cash and cash equivalents at thè beginning of the reportlng peTiod 10,106 13362 Cash and Cash equivalents at the end of the reporting period 14681 10.106 Page 26

ChrI￿ch￿reh Noiesto ih•fiNn&l stotemeTrts FOV th8 waiend•d31 July2024 INCOMEFROMCHARITABLEAcnvmES 2023 TeachlnypR•s•arth and Ruldqnthl Utwesirkted lund5 TuilK]nfees. UKand Eustudet TuiiKmfee5.ffttseèssiudgnt5 otherCficelar 5ludentSgJpp (Xheiè¢ademic Colleg8ieSvJentlal Incorn 1616 J67 1.451 423 S492 Il4(X) TotalTeèthlThy, ￿￿rch and ￿dentIal 114(X) UnreStii¢ie¢l f￿￿5 Cathedrèl scho￿ Cathedral irKome zTrs Re5liicted fur Cathethal if￿0me Endowedfvr CaLhedièlIr￿0rne Total Ineomefmmcharit•bl actMtEe5 14.788 heme 120V.23. E3662k). UnderttriermSotihEundet9iaduatosLudeniSupr￿l House5hèieolltrfee5waThfd affOJnied toQYkM)22.2&" £1￿.￿￿￿ear￿[M)t irtIL￿ed1nthe F￿@￿{j￿ ￿￿tted3t￿r￿. 004AmP15ANDLECACIES 2025 DonaUon5 a¢)d Legaci un￿E￿Ic￿Ed futKJ5 RestriCt&Y lunds S02 rp IN¢OMÈ FROM OTHER TrADINGACMWTIES 2023 bgdwyc¢Nnpany 4013 $6 l856 ItrIVESThENTIN¢OME ZOZ4 2￿25 AgiKulluialrent Bank￿le[e$l Otheiinlere¥t 128 440 Restriciedfvnds oiherinieiest S73 Z13 $73 ZI3 Agii¢ullvi rent 4.479 Iyhei pr￿rtyIn¢¢￿r S•￿11y¢Lv￿￿ndS Oihef In%￿ment intoriiè 1715 39 105 24.77Y 1.$53 15.199 21.￿5 Tolal InW$tmer*tlr￿Orn• 920 4406 age Z7

¢hrlsi¢burch 14Dt4Sto the￿￿Ort¢la1 stBtemeThts For Ih•wrrtded￿ )vly2024 OTHER INCOMÉ 2024 ilnreslftcied Kunds Olher m￿￿lIan£￿￿$1nctsT T15 TF5 161 Olher m￿cella￿e0￿$ IrKom 19 ANJIYSbSOF EXPENDITURE 24 Eooo C￿r￿able￿NP0Tr¢fftut0 t%rec151aN¢osis?lkncated t T@￿h1n￿.[esearCh redeniw Iq4X) oih threcic05tsallc Bsg Ino ij ZC03 p￿tand90Verna￿e[o￿$a1￿￿al￿dtl Teaching.reseat¢han(Fre￿deThI Caihedralsch( TotDI tharftabl¢ •xp•t￿lI￿ 2J7 724 Y.421 Expendilur•on y¢n¢ratlnBfunds Fundiaigng Trading expeThYituie Tnwtnent managefflenLc(￿ts 514 OtheidirectC0S15alktsiedl4X Fund131￿n4 Ir•Jing expetKJiture Inyèsimeni manrfemeni cws Intftest ptyatrAeonrK)tes fi085 4178 Fundiaigng Tr￿1￿9 expeThJiture Investtnenl tnèna9ern￿lCO￿S Ttstsl expendiiurOn 9en•ratlnB lund5 (6 Total exynditLbr¥ 47.44S 45174 In IhÈye3retNd 31)Uty￿24.9￿¢IWr￿eC05tSa[rKMMt¢d toE33f4E2EthMW Ihar20n.23IESW (s(t noie7I.IMhwkgaland profe￿(￿al l&sanwniing ILI£YW1kkM￿rth•)I0l2.25iCr￿)è[e￿￿￿AYed￿1lkniTh%xhew¢knl ￿￿ls￿ale￿ ioieachuure5eèrth apprO￿d bylhe Councl ollhe un￿W511y.cr￿e9alW3nd M￿e￿y￿cWC￿vh￿￿￿￿jItWjlwCOVr￿1 ¢lwlyset outihatthe chargedve ayeèi isswatle ￿th31Yea[ SOlhweforw.rnkbTrlY￿ iespeci of2023.24exiStS NOpNIsbih￿ih￿efOrbeeTrtn3￿e sn ihese aC£Ounis Theconlribvt￿n Fund ￿ used iomak9ranlsarNJ knsi0c¢Me￿¢￿ th2b￿0ftiee￿. The teachknsrew1cha￿ re51t￿LIa1¢1￿tsIrKwe(rWctr)l￿￿lh￿p￿rt￿eoI f113k￿rI.2>.￿7¥ Page 28

Chrlstchureh NotQ5 10 th•flnancLIl stalqrnènts Fov th¢ Ye3r¢ndd￿ July 2024 ANALYSISOFSUPPOkT ANDGOVENWAP4¢ECOSTS bk 2024 Fufwjs FInanc￿ladM￿sflaI1on DDMe￿adrnin￿tr3É￿ Human ieswrcesatKI 247 514 818 74 469 EfJLv4ment fnanagernenl tkprecol I￿an interest payalAe Olher finanCec￿l9￿5 cKNerna￿ec1￿s 67 ¥04 7625 1549 Teathir 2025 Furrtts Financ￿lajrrlnl5l[31￿>fft 0cme5t￿adm￿1SE1aIlon Humartre￿UicÈsèr￿ CotrwnunkatK 740 816 492 End(wiment manameni Deprtcia Loèn intete5t ptyatye Other ￿nanCe[ha￿e5 049 D.6451 Fk)ancialanddonwlc&drnwtiatkna￿1ITCL￿$a￿a1lr￿t iedX¢OitSng tolhee51imated¥allwe¥thi ￿eath￿tEr7￿. Inte185taFO Oihorfinbten- Ser￿e5 Audiiry¥iEmuner¥tyon. oihErseNice5 oihei wInancEWSlS.Gr￿deRrfftW Othergtrrr4ncecOSis.le￿1feeS 102 rp4 b355sthallhe pay￿￿￿S￿e131et0rheFd￿Arf$W￿OKw￿Trt￿ I￿￿￿￿50￿chan13l￿e￿IP￿tle￿DE1 oTthe IEmurwatKJnolEl thew reimbur￿ eXper￿￿Felrd￿d@d 3sasepar?Ieiillieviiihw)ihe5e￿a11ti1StaIeTr￿￿ GRATr4TSANDAWARDS 2024 ringtheyw lheHO￿ fuThknlacademK è>ldlo¥ Unr¢Stil¢tÈd fvnd5 Grantstoind¢￿5Ua ScholaI5hipa prizesu￿ yièrtts eursarie5 financiala55i5taKeawar( rotal unr+Strf¢ied 257 P8stilctÈd funds Grantslo holarship5. pTiEesandgi3nts Bu[￿￿1¢$and fiDènci¥ assists￿e a%￿r¢¥ Total resl¥lctqd 642 904 449 935 Total grantsand awards 1,601 Wiihin Lh@ bU[sar￿and fin3Thr4èIasS￿t8￿Pa￿￿rt15r￿eatth￿.￿{￿cW￿Iot￿eF￿￿￿￿fih@Okn1 5tudeThisofthe HoUsereCep￿￿EB3k r￿￿£￿). Page 29

¢hrfstChvrch Nthtèstothefinancknl 5ttemeTrts FOrt1￿YO￿reThded 3lJuty2024 STAFF COSTS 2024 2023 The ao31egaiestaftcastskrfihe￿W@[@asI￿￿ SaL¥v4¥ndw socla SttUfiLyC051S pe￿￿nc0st$'. ￿e￿ne￿benefitSc￿rneS Petssiwd8f￿It liaknlityrn¢Y4ernEni tThAe 5exilliabilty Inote251 IIedvndaTWar￿ ierminèlvJnCOSIS 0¢P￿rI￿n￿ri[s Iws 6441 11530 Slaifc05ts0faQ71kl2022.2A El.Illk) inC￿ded in I￿al CaiwrC¢J￿￿￿￿hIft¢I￿￿d r￿￿Jrjar<yp4In¢N%dVl￿￿22.￿"£1llLJ￿I￿B 12032.23.n.6Ykl included in I￿alcathed[aI5C￿¢iStsar￿rKl￿ ￿Kh￿Ie￿Inih￿￿¢9aLep￿dI£￿s Iheamount ofiedUndafKyandterfm4n￿pVYWhW￿5￿Ytts mErtr$￿Slafj￿￿ied tOEYts￿21.23'£Hll}. TheC0Stsv*rethai￿d ttsunrestyKLedfutw 2024 TUit￿n and research IE5KlentW Trading andvNtor Cathedial CalhedialSch(d Fun(STaNr¥J

Jpp)rt iZ9 Total Y18 Theaveia9e nutnbErolemr1￿dTt￿1ee5t￿rryt￿￿arV￿￿$5fokn UnpoerSltyLe¢tuie CUF ie¢turer5 FaCultyLe¢tUFer5 Othei le￿hir￿jand r05earth Olher 16 49 exper￿sarI￿N￿￿S$eTrwees5WKl￿Wye￿?S￿Sep3rèle￿￿￿thP￿ef￿￿a￿￿￿)ls The numbei of empW5leXclL￿lr￿J Memb￿S01C￿￿r￿ NI￿￿1 pensmincontribJtK￿S1 Ia1hng￿ilh1rtlh￿fr1￿y￿￿ ba￿tsWa Ef￿￿Oi.m.Cth) o.(M)1.£80.1N)I £80.CK>i.E90.(¥ 00.fy)I-EIIoJK)i 40.ODI.DSQryTrI 060.001.￿?0A￿7 Indefined benefit55cheN¢s Indelined cwiribulK)n5cheff¢s The HOil5e's£onliit￿1￿)￿1ode￿it￿dcty￿I*￿t￿I￿MKlQnxher￿t￿lO￿ Page JO

Chrlst church N¥t¢sto thtfirwnclal st•tornents Forth• JI Juty2024 10 TANGIBLE FIXED ASSETS GVOUP Fixt ￿n￿a￿ tx Total Aistart olyear Addilions 4737 749 745 Tian51er At end oly•ar 24494 D•pr•datton and Impawmellt AiSt4rt ￿Yea Depreciat￿ charge theyear 958 At•nd otyoar 235 N¢tb￿kval￿ Aiendofy•aF 4r1 4738 AlstaiEdyeap 4r7 1492S Th•HDIIS• ASsets￿th F￿￿Ule￿ lantlaThl TOtsI AtstaiLol Additkns 4T1 236 74$ Tran5feI5 Atend•fy•ar 4T1 O•pF•cl•tltsnaThd Impakn•nt Al Stari ofyeai Chaige for ihÈyeai 536 Al•ndofyear 1￿758 botskvalu• Atendofy•br 4r1 47ZI 15,7 ALslailol>wr 4V 4fi67 9ll Ihe HOtsh45sub￿nIIèlknry.hekIh￿￿￿è5s¢t$aU￿V￿h￿hateU5&d wbtl<¢yJSe￿Ih¢McA￿e￿Etactr￿￿J ￿r￿x{rat1e￿TI compr￿@11S[ed buiKlin9S¢￿1he H(wseyte. tr80ther￿￿hthPI[£￿m¢risCo7VN￿￿￿S0f3tLa￿￿YltW￿a￿dfflat￿5cT1￿sèThd•l￿Qr IrÈawi8dartelacis gecau5eoliheii Ma￿caseSun￿Uer4l￿rQ. reShNeh￿￿￿dC(6f wtsThwn6110t￿a111e assets and COU￿ ThOtbeObtair￿￿EX¢e￿ Fiukalu610fihese a55etSlsfyy+imrnaleri Page 31

Chrlslchwch 14otosto thfi¢iaThchl sttments FOftheyeJr nd￿31J￿y2OI4 11 HEMifAGE ASSETS dI￿￿ryng$3COmeCix)n 01181haThJ IgthCent￿ry EWyas5?nda nLp))bWdfrtBw￿￿￿5￿lheI?￿m￿￿¢hr0￿lwy.￿l0ffthesev￿te donated tOlhÉHouse betweenfyioatKlI￿QnIheur￿l￿r￿a1WIw1glbai stV￿$￿e&￿rvethWna￿d m it￿7 nlhinapw0pr￿7le limit%io me￿￿[5￿¢the￿￿tr. FteritagEa55EtsaiebekJ at h15tt￿￿èlCtsSt￿tt￿&1thewnTh0lt￿ylV5Iee$￿nrF immalErl TheTiuSteesWn￿erlh@Coxtts&?rrywE &y￿U311￿0[l￿herLI3￿￿SSetsh￿d￿￿Trx teCurIT￿aleb￿hthEbErtefi¢ tolhe useiso1lhefw￿nc￿1slalerne￿t (hiistchuich i%one￿th￿fflW reseaith theY•)thXhomel0manyiFYyJsar￿￿r￿￿eSs￿jC￿neNS3rnJcrd￿L#￿￿T￿ encompas53vèsiarrayolra1eandvnhwemaL￿I3L%Ir￿aThjmberOfl￿trw￿￿èry1Tr)1r¢fftkn1nat&¥JmBrKÈCrytse￿[￿prin1ed bcdsto fèmuypapers. mapsartela¢tsafvJ TI￿se(￿¢I￿￿15svplX5[lresearth tyThmbwSofChii￿o￿￿tha￿I0thd LInp￿t$￿y.oS￿￿a& an ID1ernètvJnèlc<Kntn￿￿tyQrxh0r Chii5tChurAILYd 1twtl￿tC0r￿1￿o￿ma5￿pWl￿r¥j5?￿d drthmn9%h(X￿d in è pUrp￿.bu1tt galleryofCry￿i314￿JT<trwl¢CfYraI￿EeresL The I￿￿G￿￿y5O￿tO￿￿[thS0ft￿pU￿￿Ckn$4 hèveotturredwihelasl 12 PROPERTY 114VESTMENtS Group gr￿￿tural T¢)ial Toral vahJatbnal Ad(5iliDnsand wnpt<ffentsalco5t tX5P05a15 I&753 3%153 14.944 iZIY141 14W) 212 17.449 I￿.767 281144 Th¢Ho￿• a724 Trial 2023 T4xa1 vèluèllonat 51311 olyeai Additi¢nsandYnw•Wentsalc05t D￿pOs￿ rievaluatKJn gain%lik)SSe51 Irsihe￿r Si53 3%1S5 IIIS7 212 F7.449 valuailon ate¢KI Dfyur Estaiesland antl prtwtyvakJaiv>isasal MJutr2024ha¥ebeenrn3th b/ltrHWse¥ts[￿W4&￿11(￿￿jeThlfi1m￿ChMlEIÉ0 Wl titrwied.The bwOlv￿ua1knbP￿mark￿vè￿d1h￿Le.the￿St1[Iate￿￿IlYthll l￿wh￿h i￿aSset￿h￿￿1tXCh￿ng@ tsl thevaluai￿ dale bpiween in nwkntM¥J arKJthepait1￿shad each acted crnpu Eithei anincomevalwti0riaFy￿￿c4tX1￿￿rWjl￿artknWQd hrtWet￿ VK¢KnEètakyxwi•￿￿•ll￿15)a￿￿OTtheTharke1èp(￿￿h piin9acasxiè1valuepEr unil of rn&isureitit b)sedoTrmatket i1￿$￿t￿)n&1￿￿k￿e￿stb￿￿n$￿IL￿￿d.7TrrQ￿￿EN￿￿dNJ¢shWeb￿ <hockedag3iThSL iecenl tnaiket wlencedetrrtdfrrync￿IW1e Ip)add1l￿n lolhethreclwopeTIy￿wQ51ment&Sta1e￿a￿￿.th￿ FXvSeW biotalol É42.57)o[•￿￿t ￿￿er￿￿th[ee[w￿YWIfic we5tmenisaswel For pri0tyeè1c4ynparètr￿ssee￿t￿j6 13 OTHERINVESTMElnS linve5tmerrtsJiehddat la1rva￿￿. 2024 2023 GrfjUP In¥Ktmerfs Valu3li¢DaiSlarlolyear 560,176 .929 131624 01420J YM.$75 114.242 iounlswithctrawn In¢ie?sellDe(reaselÈn cash hE*I Investmeni managety¢ni lee5 I￿lease/l￿e¢re￿} invèlueol Inb￿tThent5 (41(x)) 94 3971 Group Investment5 at¢t)d oly 551925 Pa9e 32

thilstchurch Not•sto thtfinancknl ststemtrnts Fw W2024 IJ OTHER INVESTMÉIITSCONTINUEO 20 2023 Thq House Investm•ilts Newmoney invested AtnountSw¢hdFawn IOec¥È85evin¢tease￿caSh hf Invesimènt r￿￿￿9￿mertfEe5 IncrEaSe￿¥￿I￿e0ffft5lMefitS MI￿29 1144201 IP331 (a4641 Itwe5tmeni in5ub5Kar￿ ThHouselnwAtm•htsat wdofyuy 5g)S76 Group It)?￿￿￿entsCO￿￿IIs tI￿vK IhetJK IlilK t￿UK T(￿1 EQUIty1n%￿lfflPnlS Globalmul¢l-asset lunds PropeiEylun4s Oeferiedcon5iderat F￿e￿ termdew5i15andcè 411681 41 4STr) 41W 750 6iorMI 6%444 6%444 Totèl 9f¢WP Invq5knnerts a176 14 ￿1VE5￿MENTIN jI￿NTv£1rnIRE Pallingio￿LLp￿a￿nl ¥Eniuret￿l5eThvIVh￿N￿5tèfyY(2jsI )thn¥((4ege.C￿￿￿.1heV￿paKir+xY￿th@p￿l1ne[St￿)Is PFOperLY￿We￿metsi I￿N￿￿￿tUreV￿Q￿lak￿hedwl￿Yd>pj￿￿pUfct￿￿thepa￿l￿41wES1ale Itbtk<ember2025 Fhe H¢xJ5esirteiest in lhEitsniwriure￿trtOSUI¢tl￿￿￿i￿tty(￿Yfiw￿KxloI￿￿y￿nlry TreHoU￿.5 shère0flheneiassets￿pa￿￿ttiftlLpIs￿￿￿Kkd￿ thecWfy￿aLed in the(￿￿￿jaI¢￿ StstemEnioI Memberf Int•rSt pad479tc J<thn¥ LLP Tot¥ Total rnbeL%'¢apaidas5ilied )564 14282 Mqmb¢rS' lTrtw• 15 t50J￿ne 564 Fuithef In¥E¥rnent byThe H<￿￿e7 Lo￿ TheHousrf$lntqrqSt as JiJ ptsfit and lomaccount l•rth•pErknd eThd•dJOJUnezo24. ParlngtMLLP 2024 1￿me Expenditur m3rkeivaluogain5. jn¥e5tffnt Op•r•tlny l(¥ssfiom continulng opw¥ti¢)iiS 1920) TOtal¢ompr•henslve Incr￿7•& xpendltw• ￿$$ Th•HoussshaT•50% Balar¢Ce thq•taSJO)un•2024. P4rlingtonLLP 2014 Fixe(13sselS.knwesimenl wopeTIy Debtors Coshèi bankand in hand )248 Net 05seis3lliibutable tometnb*S Page 33

Chrlst Church Notestothofininelal Star￿￿•￿￿5 For th•￿art￿ded 31 July2024 15 PARENT A140 SUBSIDIARY UWDERTAKING5 yoent 5et¥iceson the H%olt￿￿sLJ￿1eCa￿￿I￿chi￿c￿tch Limiied 107625076kCFwiSt trwrchlDaveniry> Limiie(sIN￿99s9￿.V￿MéSWowprr¥￿tyLknIled OTh14(H¥￿ kFatrtw tsmiied ￿8222￿@B)31l Olwhlch￿1d wth w wmde%￿L￿￿t pr4erbti3L Theresult5and thwrBsset5￿￿ liat￿￿(Alth￿￿iefiI •xlwt55KlkwiESat ihe>wrerMlworea51L•JAS (hri Chutth L¥Diied IrKome Eypen¢filure rkn)atw)niothpHtrJse urMkigiltaY 47.rn VSn2J keyJlt lorihefftr I￿al èsseis TotsllièW 911414 OV•3911 NelfrJrJsai Iheerxlof year 59 Cfvi Church S¥mry Trarf Ifthme Expe[￿rture D￿at￿n[01￿ House urthglft 4KI D29 Pe9Jlt l<JtihEJ*ai T￿alaSse￿ Trtal Ipblitie5 1470 I￿7 7rn Nèl tundsat the erK1¢f￿ar For 1147 Page 34

Chrlstchurch Not•Sto thtfiTranclil sttemeThts Forthy•arhded 31 Juty2024 16 STATEMENT OF INVESTMENfToTAL RETVRII ThoTIu5tees h￿￿(w¢d a(kntyautlK¥ise¢lsKWoftotWUmXCLWtry f¢x Itluir¢wtheffe£ifrc•DIAvJu>t 2WI.Theiwestment retuin lobeap￿da$ll￿￿The￿Ca￿￿kYEed &5325W32￿) (Qkom￿5)dthe￿¢ra9e9fth@yÈ3i￿V3lue5￿rts le￿vant investmetitsin ExhofLhewecedry The UrounlVahJEolthe¥N￿ed￿cx￿e￿C￿￿Xld11etyese￿ESiI5OPeTh markeL￿lUe In￿￿)2t0#ether￿7thèl1sUt￿Wu￿nteThjty￿￿valUed•t￿teQ19l11. Tvtal T1￿ tor Totsl T¢tsl Atth¢ btylnnlng dth•year Gi[icotn￿e￿oft￿￿ PErmartente¥K￿￿￿t unap￿led totalieiurn Expendab￿ er￿￿1￿1eDI Total Endowrn•nts I￿2 31105 yM613 M¢)y•mMts Inther•ytity poAD Gift olenthwnent lurt¢ts InNE5tmeni return".trtalSn¥wrnent Inve5tmthii veturThrtèlidar￿ unrea&sedwbaTrJkws Les&SnveStmenLmanagemenic05t5 OtPw LTansleiS Total 14 294] 21736 J45 24.787 4671 33 Unap￿￿101￿relurn al0caiedioir￿￿e￿thpie￿Iry Exp0ndaLleeThknMne￿s￿ar￿f@rred toIr¢r￿ pi 121032 roovwrb¢tts IrW¢PQrtin9 pohod 17.fiB Atthdollh•T•POrtln9 Giftcotnpjieni Ollhe￿manQN¢rthW unap￿iedtolb1 reivin Expendèble ￿t￿oWMe Totèl Endoyvmptits For pri0ryearcompara1￿y5see￿Qt•j6d. N707 707 VTr.7 787.114 ri OEBTORS ArrLountsiaWng th￿thIn onyear. Tra(kdebtors 140 S8 199 1042 nIsu￿￿ byGroup urMrtrvJs TaXal￿￿è￿ ￿Kial$e¢￿iltY Pre￿y￿￿en1s4￿d8L<tUed Cxhei debt¢TS 66 Amwntslaifmg du¢ alt•rThtsreihaThonÈyear. 1447 7.199 75S4 378 Page 35

ehrlst Church NotqStotheffnJnclJl statem•Thts For ih•y•ar4hded 31July2024 18 CftEOITORS'. falllTrg du+whhln on•y•ir 2924 p Th• House TheHuu%e ¢rwp O￿V￿at1(￿￿ndPr fi￿rKele￿5 Tr￿￿C[edItoIS Ar￿n[SI￿ved to House Membefs AmDunisty¥edlOGTOUPUtthitaings Taxat￿￿ socialsecunty Acm¢AKhEVJRr￿s￿¥)teresIl5p￿dL￿e ou4itetlyin alre9rsTheban￿ rep￿Y￿￿e￿i FebTuèry203aThe ths1wed￿rM1LOC\3ThiA303A IhelUThJvknal31Juty2024trASQiKOtr￿.35￿.743￿l )1 FebtUary2fy￿￿￿HC￿*a￿0éfitett￿h71Oan￿Let&I ia*gMap*iih&rWBankF\m 2.M sen￿￿￿e&l￿payats1e 28 Mty20n Intere￿ ￿pa￿alle¢)DII F&Y4erkne*>wi.£BIS7)v￿dta1￿L1MYItyIhPHO￿5ew28 m¥rf202lar￿Fth re[￿an￿9 E1575tnflAiMJi•si 2021. 20 PROV1510NSFORUA8ILmESANDCHARGES Group Ih•House T￿H￿se Char9Edin Seitledin theyeai Aièndolyear penswscheme. Page 36

Chr151Church Notv$totheflDandal Sia￿￿•￿￿ts Forth•y•artnd¢dJl )uty2024 31 ANALYSISOF MOVEMENTSON FVNDS AtJl)uly 05s1 too(tr Endowmqnt Funds. Perrhian•nt stLKlent ￿p￿rt FuThls Ac￿et￿l¢ ￿l$FundS U￿￿￿Fu[ is} 1492 Endowment FuThd5- ExpènÉtsbl• Ntyrnan-MOliiZ BenÈfaction D¢south￿th%) Le Benpfaclion MeicuryFund iknh4 ikJing5FuThts cwdens&Gr¢￿ndsFuntts SwisClub5 Fund5 bièty F￿S Piclure GalkryF¥nd5 letnic Posts Fun(15 siudenisupporL Fun Cathedra18 SL¥JF#Xi FuKIs eneffftsFvnds Oihei Funds Ceneral ￿nd￿￿ttIent FL4r Ttstsl Endowm•ntFund5 2S3 41794 IS787 I707 1704 14241 5BI IV73 14 019 415B 575 4￿790 5&734 l44 (43 IF4I34 $73 lsfvoo 46A269 7VI,114 447 758fi13 &139 48) 27￿74 I￿trIct￿ ineomeFunds-Permanert Studerthlsupwt Funds bi3tyFunds AcadeM￿pOSis Funds Sub.tolal ReStrt¢ted Inwrn• Ipwlrlbaiientl •J 643 R•5trlrted Inc¢Kn• Funds. Expwab Heyman.MOriiZ eerlaciK>n Dwsouthiysttsl Lee Benelxl￿n MercuryFundl¥hhs1 J1￿1ng5 Ga1denS&Gr￿ndsFtsr Swt5ClubsFun(15 braryFunds PtiureGalleryFunds ademic Posts FLYK15 SludenisupFrfXL Fund5 Cathedièl& ChorL4ter Fl￿ eeneficesFufKk Cthef Fbnds sub.total Rostrlctqd Ineome{Exp•n&lAe) L244 479 424 iJs l428 427 245 491 7.434 954 Buildw5 Fut¥Js GardensLGroundsFun115 is Funds brèryFvnds PKtuieG6lleryFu￿s ￿deffl￿ Pos1$Fur￿5 Studentsupwt FurKIs CèIWr41 &Choti5ter sup1￿[ Fun OttrÈr Fur￿$ Sub-total Resirlcied IncL￿* Iunds M2 121 4943 74 149 t16 40J 34Z 053> 2) 135 Total rtestrlclqd Funds-Th•Hai150 1242 ResiliCI￿ Iynds hdd Total rt•%trlctqd FUn¢Js 14263 1&102 PagÈSI

Chrlst Church Nothstothoflnan¢tsl sttem¢nts Forthèy¢ar •ndedJl )uty2024 ANALYSISOF MOVEMENFS OW FVND5CONVINUED At31J 24 vnYe#rf¢t•d Funds D￿V￿nated General luixjs DefiDedbenefrtpension5thewe reseTh Loanswapfairvalueieser¥e Ih76 1&690} 1524 Total Unr5tvlrted Funds-Th• House 2291 [51324 14X (5241 Desp)naiedfu￿S- subsKJi315 neièl Iynds. Subs￿i?r evaluationreserve. r241 Tot•1 l1NÈStrkt￿ FiiThds.subsltharkn Total Unr¢Strl¢i•d FUmtts-Gvoup 253 SJ )W6 D241 roibl Fund5 Fot prKjr￿rCOrnpa¢alk￿5SeÈ rwxe36 147.4451 797.835 22 FU140SOFTHE H￿SE DEfAILS Th&rolkniroisa5uftwhwyoftheorwJY6￿ pviKQ5Q5dth)choftheFuThJ5 ETrdowrn•nt Fmds. PermaMnL. Lw1r4lcapitaLc￿ beu58d kn I￿rest￿ledp￿r￿￿eS￿thed￿t￿Y￿kn￿I￿￿ted Inihe EndowmÈTht Funds. Expondaw l.Heyman-MOlltz BenefactKJ lor￿th f(Iherest￿1£dplrfposesorIh￿Chantyttyl￿s￿al91)er￿lth0fYTh￿IlBenQrW￿ th paIrw￿￿￿ther￿a[￿Ch?oeLTa1￿j iowdknV¥9raN5tOlrKurnt￿1%O1the1z in OrknJths¥%ille￿t￿WlOi￿knb hrtheriknry51ryCotsrtOid daied29w.1869a￿￿$sUb5e¢￿e￿l￿exle1thd 3 Lee Benef&Etiof lori￿le￿I￿￿e￿pUl￿￿orptym￿lhe￿%WyWdlrXvJeftIaèX￿$esofItte Leefteadws 4 MertvtyFvnd thhsl IOT kwfAbse0llheat￿￿￿er￿￿l0rknIirU5e￿Ce(¥ ¢d￿￿E￿￿1h IKuLii￿PTe￿eioihe9le5eIyaiK)￿d￿¥ekyrtert0fthe lui¢[la95￿rn. GIOUSMI fund51tyie5trKied FWfX55e5 6.Gener?IErKkMrnent FuthJ5 5edlc¥ I￿gEt￿?1￿r￿55É5Olth￿￿￿rtY. Page 38

Chrlst ehui¢h Nutsstoth•finèlicL)l stat¢mÈTrts For1￿ yearwd•d31 July2024 22 FVNDSOFTHE HOUSE DETAILS CONTINVED trlctqd F￿d￿. Re5trkt•J irKomelfomPe¢m3¢)ert the restitted pJfFose50fthetharrtya5irxlutedinihew4xwI RestriCtedinc¢)rn8fiom E¥4)eithble estrlci¢d￿c￿e lun D•s1gnat•d Funds Oe5igThaied Fund5 TheGeneral Unrestricted FthJsieweseniac¢LMThJl)ied W￿￿￿[roMIhv ￿k￿￿￿K￿li￿1￿5arWI0ttr9￿KeS t￿1 atewalab￿IOrth￿g￿￿I purFse501 House. 23 ANALYSLSOFNEfASSETS BEfWEEtrI FUNOS 2024 Total F￿d5 Fund5 ￿fLyed3%SetS Propertyitwestfflonls Olhei in¥Vtnxftts Inve51ment inTr)lrtvenwr Nei curtent a5￿t% Lon9 ierm liablil&e5 pensionfvndand knanswappru• %0 4675 )49YF 504997 554925 02 787.114 Fund5 T?rvJl￿￿tXed35seIs Piopertyw%tment5 (Xhei invesirywis Inv851m?nt ini)lrttveniure Net current a￿LS Long ierm liaiMliti85 pensionlund èrKlk>anSYWW￿l 1192$ 284144 S￿469 S60,176 DOO,015J P253> 765.623 24 TRU5TEES' PÉMUNERATIOPI ty)st Iiusteesof the FI￿8e￿Il . Head￿￿th5e . PFO[e59Jrial Fell¢p .oirithèl Fellow . Fdl¢wifySpeci¥ E￿tio[￿ . Re5e3ich Felbw .Canon Piofe550r5 Nol[usl8Ère(eweSèrtyrÈmun￿atsan101 Klin9èSa iiusie¢. IFU5tttSYkn)arta150•npknEsdi￿F￿￿ reCeI￿e$?￿ne5￿ty rrangemEntSwilh lhoUn￿￿lyolo￿wDwd I0ffKw?￿ ReseBichFeIhyrtar¢eJ￿IO[a Page 39

¢￿15t ¢hur¢h NOte5to thèfinan¢lal Itatqrn•nts For th•yarqndtrd 31 14 TPUSTEES'AEMUNEfiATION CONTINUED Houses¥4dernic Staff who¥¢not rnEfflbetsofCwniry smalwmbwdothErTheth dstafl.1he￿￿￿1¢￿yEes propo￿ ielatin9 1oreniuneiatthènd0knc¢￿1detSiecc￿￿1M2rthlK￿1nIt￿lEd￿￿herc[￿￿￿￿L￿1knP￿w￿ ha5t￿Ti￿l￿naI membet53nd three exteinal membei&The StèiviesolChri51 Cl¥Ji¢hpr￿￿e￿) thal LheB0¥dc4n¢￿￿fflakeTg￿¢￿￿M¥￿tly6 rebiirv3t0iemunetalK￿orèIL èrtymembers0lG¢￿1ll4ng B¢tyilit ha$been apprwd.nut (xtyèMaity￿YoftheP￿￿B5a￿tt<￿￿3I50lY3Ma1w1w￿th￿Lh1ee externalm2mbprS'. ibl ihai èryoueyKJn l01hetenwnerat￿0[X5[nP￿btha Wycannotapstheèny aiiangem8nEswhlchwoukl confettharyoliismth￿sè9r¢￿ert¢fr1t1l￿lThth3I￿c￿tt￿￿l)l￿kaX)n iOthty¢ ffwnb8t5bytr Sal¥EsBo3r(J. dlheSaLwS Boty. TrUS￿5m￿A￿￿ tytheHou5efa1￿IQlheIrd￿ts7n9 otrici4IStudents Fk%ed Term Studenls Oidinarysiudents Qesfaichsiudenis There ¥ea150five DmlheSubDwthÈTieasJrer.theS￿￿rdarWj1bec￿￿￿lXr￿Wv￿th0ateeffw￿ I￿tIr[￿l￿ m3nagernenLandb fu￿1ra￿. alkP￿anteWhrch ￿dIsCI0$ed￿l1hinth￿5￿aryrvJk#t$bQkW. 4 ltrÈShJred Equity Puichwscherne. In thKhCa5elheh￿r￿ja￿¥￿￿e p￿Cha￿d h)lhe￿ar￿ndTh> Such Pi¢wpertieswerq 5dd inthe￿al. TuloF lorAdmwionsTut(XT Its GraduaL85and D&¢k)￿￿n1￿thIS￿r.TIealr￿X￿ESareM￿kK1Èd￿ts ltr¢rerThJnetatiunfv)ute5 bA¥. Remun•ratlon rtdother paJThents pald iolrl )2>24 122-23 Range T￿S￿leS contribulKxIS El.E4.9 £SOW.£%999 21414 93 a135 £20.rKK).£24.999 339 £30.OW.É36.999 £￿a0￿￿E39.￿> E40.o￿.E44,￿yJ É45,000.£49.gJ £50.￿0.£56.599 £4OW.ES9. E60JX)0.£64.9>3 231745 785 424225 47Q72 yA973 1549 IK487 IW78 4473 144.W2 314573 flO.OW.£74.gJ9 EBO.OOQ.E84.9 .(M)0.£94.999 OW.E99.W3 ILX)2S3 llQ934 K)I￿£474999 IS(￿.￿15.939 El20￿.￿}24.9￿9 2%0CMYO29,999 50.OQW)-£154.999 E405.1MX).Éfj09. 151J)12 454 Sjl Duiing3023.24.ClwiSt Church pides5￿ B )a¢k UrKkrihEieiD%ollhwienni.￿oresS0rlaCkrer£￿￿d as¢cthponsatK>n loreèrty LeirThn3ivM oftrer apwntMeni.Incl￿Vh￿ saLirytOUdai¢ott￿nW￿i¢Xpf￿e$sO[jackl￿(el remvrteiaiion andIa￿ble¥en￿rKS￿UIlng lhe￿reT￿31j￿2oI￿ amouniwigioE4f*4S4 c¢rtibtwtion Page 40

Chilst Chur¢h Notestoth•fln?ncSèl $t•t•mgnis For theYear•noed￿ Juty2024 24 TAVSYEES REMVNERATION CONnNUED AY truStee5mayealai ¢CrfyKt￿ta¥e.asCl￿Qt￿ er￿k￿$w￿are¢￿￿IW1Ome￿thIèwWkng 01hertran￿cthns5￿th truxe• Seeornte35Adèied pariYTrar￿?Ét1Jn Kryman￿•M0￿treMUTh•r•tIOn House.diieCttyor indiroclty.Ihe W ttw)a9erneniin2033.24 ￿C￿￿id￿lo1￿tfje￿I@rEd tyth8[MSe￿￿cetw.J￿1l￿C￿￿￿. Tieawr8r.5tewawdand Headmwet. 25 PENSIONSCHÈMES The Tr4ou5e pwi￿1Pa￿S￿fWpIW￿￿ ￿r￿s￿SChe[tsw1￿￿IOW￿S￿a￿.vnr•E￿1￿91[￿W￿￿1j•t￿lisC1￿)￿heussThL￿eVn￿t￿Iy QAfardSiaftpensionSchem￿ri￿¢0spsl.ll￿ChUrth01Er￿￿y Furwjed per￿nS(k￿￿￿h¢￿P￿aTr1Th￿per￿hN5T1U51 I'the Tpfi U5SandOSpSsch¢me5arecMin￿ul•rymuedbene￿L5cTrWne51¢.I￿￿ryTr￿b0t￿rtsWlJefin￿￿ bweffibas55. seNKeand per￿)nOb￿ saw?￿On a dermedcty)trit￿1K￿ bw. bo￿¢￿(1)ntIl￿IK￿5￿OuxSCI￿ntlcEFPs andlheTPTare both ¢mLrityJtorydefinedbenefi15theme&Theassetsofuss.05P&CEFpsaThYTPTar¢exhheWirsepw￿effi￿le4d￿iSl￿iedfvThtsb￿0l￿ The knU5efj5I￿rer(￿eeXkWd ￿3¢i￿ariall￿Ma5￿￿I61¢d￿￿EhO1her￿￿￿S'utkn￿Sa￿1SthlBtsk1D itkntifyil5reofihe wisand I￿E￿Ill￿re￿I￿9 todefinwl t￿le[S￿le￿h￿hE[[W￿aWtslSter￿taTYj rea￿￿t￿t￿3AsfeqV¥ed bJ5tttKJnlBol Ff6I02'EmpkpJ¢e BenefilS'.theH¢YJseLhEreforea￿tyjfits1O[ we￿hen￿?5i1￿tyVWeYh￿￿￿d￿ed(0n￿d>U1￿ thtne&NSaregJlt. IhOarnufilc￿tg￿(￿tolfr￿st￿ÈMen1a1 F￿￿￿41￿￿￿￿5reWeS￿[￿5W￿coThirknJ￿PF￿OtsWe0¢hSch¢fft¢￿￿ anydekil ieLYyiery cwtrit¥Jl#)t￿pava￿e ur0e[a5¢tw￿recvrtY￿an InthEenLofIhev￿I￿r￿￿I￿alwp3rt1wry&jWyrb) L1SS¢xL6P&thEaYWNof¥ty￿￿￿ fiWKlw¥Js￿y1lal1(whhCaTh￿gtte <éhetwiweciNeiedJ inrespECtollhaLempWww4IbesrwÈèY￿￿s%Ih￿¥￿￿p￿K￿>3tyVj0#Pt￿s￿ Tefjec¢edin nExl luèDalvaluaiionof1tr5cheme. nyoDbenefits bul nrtdvJlNef0r￿1l￿us5orc￿p UrtlvOilesSupernnnuatlorSchqm• urtiil 31 Mai¢h 1024.alwhKhwnl the ralewxthy Increaseto65 At MX4ty2U4iheTrkAJ¥bLelvKILthlal)￿￿iyoI£35?Ik fvtUlE￿wrLthIJar￿U3ryxTr24 3￿J￿or￿3￿iele34Qd thEWi￿￿¥llTrJ pt(MSityl oIEISJktOlheifK¢>wandexpeN￿lU1exc￿ni.Thekt¢$l ¥daIth¢cfflweaclu￿i￿tsIU#¥KI￿[1h￿USSReil[r1en1In¢{ffie Mr￿e￿￿en1PdfrOM I latwary2024andlroTnlhbldatEihe H(N￿waS￿￿￿YW￿Eq￿i￿1lo￿akethkl¢1￿lYHY UMtiitwllOt15 oxIDrdStaff P•nslon Sch¢m¢ TheUnNeTsiiyoI(hfard 51alf PenSiVtSchEn (OSP51 ts?rnuiiiwWTtrV tw51 ¥￿S￿re¢l 1ryLheiJnr￿%ty. li &thepe￿o￿5chQIne Itysuppyi siallat thÈ1jnp￿$I1y. ielatedNnfftr5 Ihe scheme1￿ld upbenEfrt5wadÈfi￿(￿E1lb￿lKjnb￿N•V￿bÈfioI¢￿￿dbeff￿e15¢ Ocloberkn7 t)EnÈfilSon atarfeer evaluEd e4rnin9St>asi Thelat¢Sl a¢tvari3lvaluatitJnlor th805Pssch￿r￿v￿5¢￿th￿￿ied asat Jl PAaich Xk2ZThEiuth9tn5ii•J) otihiSSthen￿ nlfic3nitym￿ffiomder￿iE0rml>nlQèS￿rp￿QfE47m￿E LhEvJalvXt¢Yaie.A5a rosuKI￿teCtsÈryt￿rt•JreÈdèl Ihp lastvalual oknger reqvl¢edand Ihedefi¢ cry1trit￿t￿t￿Y¢IQ￿ >Xh5￿eMt￿T 2023 Ap[C￿s￿Of atjl JvW2033 toaccounl f¢[ defKit ie¢vieryp3YriiefilSUPloJOlhSeoerithv2￿& Thai lernapknW￿Wt1f£4s¢Wasr¢a￿r0 ir*1y￿a￿￿eXp￿1tsl￿aC0)ts￿l iheyeai. Page 41

¢hrlstChurch NotoStothefln•h¢lal stat•mffits FOrth•Yorendod￿ July2O24 25 PENSIOF4SCHE14ESCONnwiJED benefii IMpr(Ne[nenisa￿1chang￿sto membercwtritxrtK￿￿5th¢el￿knsEVa￿a[rf3hdOle iiwasagewl tS&iL i￿￿￿eM￿¥￿IlIT￿￿ iis Artu￿￿&1¥0T￿a1lon5 Qu4lifiEdXtuar￿5￿Im￿jKaItyyJ￿eEheUSs￿jc6pSIwm￿ber￿rIlsl￿1he.w(￿Ede￿uIfft mrtDorf.emlxKitwJa rwrkeiva a￿l03¢h The IESvllin9 kn1solconlrit¥JlW I@￿C(￿l￿ac4U￿kll W￿v&es￿l￿er￿t5I￿e￿h%tr￿￿￿ The￿n3n￿l￿1a￿l￿￿5¥l￿ deiwed fr¢yn market Wtrèilirtgai Ihevah￿1p)nI$ai￿. Thpre5u1isdibekWaEluati￿W￿thx$a￿lhe￿￿￿￿thiChh3Vè the most￿gnifiCan1 effeclOTht￿￿t5V1i5v￿rW. Dai¢ofvaluèlkn'. DètevalvalJnresuttspullthtr. Valueof kabilit Valueolasset Fundingsuiflu PrjDcipal au¢fvl￿ Oi5cieW c¥rve￿￿5Prtrre1￿eItheDi 2.￿1x&.re1#¢r7¢￿t0.￿￿ Thedtscwnl iètefor ihÈOSP5vak471ts7• pre.rel￿emenE Post.retiiem.. Equal iOtheiJKnominalgilt cyrvÈai EhEvaK4i￿xidaIe￿ts0S4pL￿exhlWi Pensityl increases (CPI) tor theu55dlualWV￿w. Term rkppndeni rates￿linE￿IhIhQth￿1e￿￿ebe1Wnth￿Y￿￿In￿￿￿￿K1irthxL￿￿j>Ieldtt￿￿lo￿￿. its20ylff￿IUcI￿g ljnearlybyO.l%pA.from203 les505%1p.a.ai each iefm pe.203oat￿7(Ykn pa r￿.2030 c￿ IThfial￿ ￿￿¥￿￿dIr(￿the￿p1nn#i￿n￿it￿LW￿lhe￿kneMe rst.20￿. Forpenyon increaS l)ked tointsiKrta per4sxJnwieaSewn￿ ￿c(￿rUcled boAd￿￿therr￿RPl.tPl L¥¢he￿ra￿e0Il￿e API WCPI in1tst￿<Ul￿(jErkne<1 alxNe.adju5tedloalk￿ rot thedif1￿e￿1 wty.ènd Iheschem Actu￿￿51 o5timateofinnèiKffiwtsi4ily￿4yp1￿s1rcmI￿1eto1wth The Ussand OSPSemrWcontitwiW Iath5wKWewTr￿5lNs1O[thEco$lOffU1uIeacOUalfddef1￿d￿rteAS dekii¢MirtsJiKJn Smin￿rative exwse5anddefined0￿IWknIK Page 42

Chrl%t Churth lot¢stoth•fin•n¢lèl siat•m•rtts FOrth•￿areDd•dj?)uty2024 25 PENSIOIISCHEMEs¢oimNUED Acotwofthe lullac￿oI1￿￿uaLK￿ ieFytsand￿her1l￿rthWdth￿0Tr￿ USSa￿05p5Xh¥￿5¥eJvlIatAèon theU55webyie church ofEn9Lind Funded P•Trslons¢hem• Theper￿m¢hèrge1orIhe>￿rlncIUd@IESl?ry￿.2￿ AW1nrWm￿1ol￿CEFPS Thelèies¢ actu31ia1valu&t￿nOlihecEFP5waScar1Ie[ltXi1 al￿ (cenknr2D2LvJert1ityryalunthrtyv￿o[u￿kn D26fun comparedLo 3defKi1ofÉ%knP￿IUr￿d1lrn1heacIualialV￿jaIkn asaL31De£embu201& WithifyomlJanuary202S¢W 7heP¢nthnsTlllSt DJFiD9th8bEai to31Jvty2023 therece￿￿tO￿eanyt￿￿¥s￿lh8cal￿aI￿mX4￿Thepw￿ TrusLtr￿r￿e￿ thebar loM JU￿202￿a5£1II (2022.?3. £136kL The￿l￿aCtu￿rIalw?1UOt￿nbITr￿per￿￿￿TiVm WascatriÈdtyJiw3OSEpterth3VIQMJèntlrn4fwbYn9O￿ho1E$$2IryW1lha$%e45 of£20llmanda lunthn9targE4 01£25&3trKè Ivryfing knlolThThpet[￿v i￿es￿l￿e seiat 21854S)t thev￿th5theMe and I7.￿￿￿ itrV80thxheme.Thenekt a&thEte¥efol(ryeraryrnEmbetsolths sche￿￿￿l31)Uty2O23 ther¢are￿￿eT￿li red￿￿)￿£4￿11￿tX￿t￿s¥Wj￿pr￿1SWml$y1jtht car1￿￿￿￿As75e￿ilIètrlllWknas beenirvJgewedand£504kp3kY ￿thEY￿ar. 2S pEN5IOIISC￿ME$C0N7INvED P•nSlDnthar9•lart￿yeOr recrWery￿èTrasfdkr Total 5chem• Trtsl unr￿￿￿￿55vPer?ftn￿8iK￿schwTr Unfftisii of Oxfoid siaff Pen￿[1}$¢he[ne hufch4tEn lan(5 Funded Pet￿>￿ Scherne Ihe PensiDnslrost PengOn5TruSts751￿￿lrt NEST .176S 766 -444 946 -138 Surnmaryof deMn•d bentfft p•ThsloNsthom• fiabllity osps Tot 43 564 Luarialffl(wement Page 43

Chilsictturth Not¢s ioth•tlhAn¢lal sut•mthts Fwthay￿r¢Ddd3I )Uty￿24 16 TAXATION totheextent thal Such 1rtcrfnèa￿q3inSwea￿￿IoeXC￿Jwtychawl1èblePYr[XW￿1￿kh1YknCorptyatKXllaX￿￿I￿th￿HOUse¥ subsidi￿cOn7p￿nIe5 becw5eihedireciorsofthEsecthry•WShaifyJtaiedthalwTh¢Thy totnake (knal￿se3c￿￿rtothel equal 10 Ihe l￿ablePlcfvS0f￿￿(OMjXTty urMlert1￿C￿E inlhefln￿7 ZI FJNANCIALINSTRUMEiirs ThEHOU5e ha5ceiiain fin3rKI￿3s$s￿ k￿dI￿1q￿aI￿￿3stsX fwrKid¥wri1Ent%BTm￿ialln￿f￿rngnls alel¢)il￿ltyreC￿nISÈ￿s èlliansaciwval￿atKlsUbswWenityF￿eo$U1￿dat a￿t￿¢0￿Certain¢Xk￿[ f￿)C1¥￿1[r￿ate￿e1d&t la dlue.wlhgè1rtsa￿ k>55e5 bting recogrMsedv•iI￿￿￿E￿newy¢xp￿LUre. T￿H(￿lSeh￿SthÈ 24 FlhaTh¢lalassptsmÈasur￿ •tfalr¥alu•thvoughststqm•rbt olflDandaiarti¥ftle In%Stments 54).576 Ananclalass•ts measur•d at•mortWcosL. èndcashequwalenls Tr?thdebtor5 ¢KJ6 39 l78P Attwnt5thvedbyGraupundertèWrw¥ Accrued Olherdebtors l491 1.491 75 ZI FINJlNCiAL IIISTRVhlEiiwscoKnNVED Flnn¢lalllJbi1￿testhal￿rvd¢bIl￿$t1W￿rts wtheasw•d alan￿E￿•dC0& We5payèble knanS- Incluthtu tfvxeihanlye 1467 2667 U13 Tr￿$¢ Meml kctua15ènd dknffdlrt<rfne (Xher ClEdilCrfS A735 i(B.9S4 7m3 IOfyS45 FlnanclalllèUlrtl•Sthata￿fftoè￿x￿dè1ld•ry•Iu Fail valuec051ofhw Swap 919 G3Insar￿l05seS•jTh4hek)3n5vdpfiTr lh￿year*edWhmd￿1thPl￿edi￿$OFA Page 44

Chrlstchuich Nolesto Ih•fihan¢lal ststemon For thèyeaw •n(l￿57 )vty2024 18 RECOt4¢1LIAMONOF NETINCOMIPIG RESOVRCESTO NEtCASH FLOW FROMOPERAThThS 2024 2023 Crfwp N¢r IrK&m• Eliminatmofnon-vlatingcash Investtneni incrffle Th5VL055 Sn Endts¥vM￿ldMat￿Jn5 Inleiest p4yabkOs) foLes |Dvesttnertm4nagemeoi cosis Deprecia￿Uti Jipiuson5aleol [￿ed asseis D￿reaSe￿IncIeaSeI Instock Decieanincrea5el debt¢JTS IOecrea5eOncra5ein ciedii¢Jr5 (oecreaseWn¢teasein finarKe ￿3￿￿tr¢olL￿$ lrtreasel1()Ecipasel￿ pioviSwXIS 1)8creaseh pen5vJnschetnelat¥lily InCrea￿DecI￿a501In toan swap iese 4.632 (24 iYEp A7741 (22241 N•tcahprovld•d by{usad In)opeMlng actb¥tlS0s ply rdw61 29 ANALYSISOFCHANGES IN NETDEBT Notr¢asb ng¢s Ai•nd otyear Group Gro 14 n5falfvJ ￿afterr￿year 241 Toi JO ANALYSISOFCASH AWDCASH EqVWALEMrs GfOUP il Cash ètbankand In hand NOt￿e depo9￿ Ile5S1han3 ttKMhsl eank TWI cath wufvaknnts .K6 31 FINANCIALCOMMITMENTS At 51)￿ylh@HoUS¢h￿IOIOI¢c￿r￿￿￿￿￿Wth r￿￿{￿Ce￿l4eOPprats￿9 kase5J5fdWJhS 2024 2073 Land wnd bulldings payabkwthiDone)£at payabIÈbel￿eèfttW0 T￿Yea[$ payable￿ r￿tY￿al5 4264 4x61 442 Totèleyoenditurein the￿￿0￿ ￿t￿land1￿lk￿v￿¢Y￿awv￿&¢sw￿￿l0rn¢￿j27.?z￿￿BI¢tr. other p3yatAewllhin<)newr paYab￿bE1￿¢￿n LwOandf￿￿Yeais paYab￿1n ow f￿Years Totalexpendnviein l￿Year0n0ihetorer￿t1￿9Iease5wa5E￿ i￿21.￿￿£ Page 45

Chtlst church NotqStoth¢ s￿￿•m￿nIs Fw ih•y•tr end¢d31 Juty 2024 32 cAp￿AL¢01￿1T￿lEmTs 35 RELATEOPAfiTYTRANSACTIONS The House is ￿rt ol1h8cdk9ièLeUn￿￿tyO1oAf0to. MaieriTheFdeFeThknsbeLweenlheun+•5ity•xlrlthe£dlegpatiieas conse4uenceolth￿reIamYtish1p iepotiwpulpose%t￿ urV•￿tyaf￿ 45rdal￿ pati￿58S￿errnIlfb FRSIO2. lrtlheye¥iihe Hol￿ ￿1￿￿574￿mIn Pawon Membersol Ihe G￿rnIty 8trJy.th)aieihe tlU5tees¢ftheH￿af￿ r￿a￿d9￿Le5asder￿ltyFRs Y￿e￿e￿m￿lt￿nJnd I￿441¢￿￿￿eMp1oYeeso1tkne No￿.0etarf5O[th¢5eP￿￿T￿tsafvj rentxMs￿eVr￿è$41￿Ste￿5È ￿k)S￿leV¥E￿￿in Ihe5ekn3rlèl staierneN txjiing theyear rnember50fihe frnetnlnyeoty(k￿￿l¢d￿JkfX)2?.25.aTr1t0ttrCath￿d[a1 ￿lU$￿Tr￿A £OWL(2D￿.2I'£￿1fjIothe InlounwetgLy FUTrJasspetKkt4ev￿Qr￿èr￿ £nll2OZ2-U' OJkl IOlheC(XW5 FUNlas5wJa￿T(0r￿lftfWOU1a1Itr￿￿e1u￿ee FuluiesSchdar%hys- ThEHOkwM￿eTrIer iniowuiiyshawwv) arIw[￿)i$llrithar￿rTh￿s￿udettI.Cffte￿s01I￿e￿￿0r 4Xher r￿S&￿￿emp￿￿1tyIhe se under5ta1uiexXMI￿lT￿FtDV$e Eru5teesuThkn jLwrnt equrty (pNnershipagreeMenls￿I￿￿n the tsuSteeandlhe Byo DrDfvaf15 Dt B Pathns OrEKe Jli￿nt￿VItypI￿8ItSare5u￿¥£CliO$l1￿(￿) the1p￿L￿re￿i￿r￿￿Eer1rynthPH￿1h￿tNmeesPYa￿IKC1l￿t￿ feool£SX>W to IlHou5etyithe wouseS¢Avnedshaweolthe 34 copmNGENTLIABILITIES currertsolevents nOtWh￿￿wih theH¢W'scanlrd SS FINANCL4L COMmtfMEtr¥fsANDposf￿CESHEErE￿EP{[s fixed rateofinlerest 0f4783%ThenotKJnalwKwrtof¢hos&¥api5£N>rythE•tsp￿se1lkdQ￿￿tten ￿ar$I￿de¥S￿les￿lFeLyVary20J& Al 31 ckiober 3024 Ihetaii valueolthe ieSw4)Wa5￿￿lJI[￿aw￿￿K5n01É3l4ks￿ethe ewj. Page 46

ehvlst Churth Nor•sto th•flnan¢lal stai•m•nts For the year•nd•dM July 2024 36 ADtrIYIONAL PRIOR YEAPCOMPARATIVES 36a CONSOLIDATEDSTATEMENTOF FIIIAN¢IALACTIIIITIESFOR THEVEAR ENDEDJIJLLY2025 Trtal INCOME ANDEF400WMENTS FAOM.. Charitab1aafvitl Teaching. ieaich Jnd reS￿￿t tslhedral SchD Cathedi Oonatlonsand bgad• Olhor tr•dlngkKon lThvem•nl Inves1r(￿Lincotne Toial [elurnal￿3Ied toircme Othef 1￿C￿￿e Total (nc•m• Z}3 2W5 192 EXPENDITVREOI. cha￿ta￿•￿￿￿It1eg re￿￿￿¥), r￿archan￿ oiher¢haritaWeaclMts C3thEdral Sctr Caihedial G•npratlw fund Fundra￿1n9 En<)wnentman3gemenic￿5 Intele￿payatye￿ k>annaies Yotal¢xp•rKItUr 1416 41174 N•tlnCom￿pe￿dfvurn) bEIore9alns Nei9Jin5Qn I[r￿lmentS IL¢%se4lGaIns￿ cunplexf￿￿c￿Ir￿r1￿ftt5 Net in¢fJmQ (49481 1778 1i9J lQ60i1 Tra#5fers beiw••Trfunds r>4n 428 rn0￿r￿￿ntI￿lundSl0rthtry*ar Fvnd babr￿5br￿hlIorw￿1d V46 IllJ44} 7￿7 146011 7722Z4 )￿50> Fundscarrl•dfortYar4jai￿￿Jty rJ353 750ffi13 Pa9È 47

Chrlsiehurch Not￿t0 th•financ￿l 6t•t•m•nts Forthe year•nd•d31 July2024 36b PROPERTY INVESTMENfsFofivHE YEAR£P¥DED￿JVLy201s Group Totsl Va1uaiion3t start of5ear djli¢nsand ¥nprffttrtnisèi c D￿pDs3l f1evaluatKingn￿S%e4 inth￿￿r 1.787 14944 t7rn] Tlh49 Valuatlon it ehd olyear 14753 284144 Th• Hou5• Total Vaknaiionatstsit 015wr AddiiKJnsandwnwtyoementsaLc1551 Rv•a1uètion g￿n￿505)In the￿r rih49 Valuatlonat end otywr E51ate51Bnd èrd pl￿nyvI￿Jètthsasa1 31)Uty))23￿￿￿enffla￿￿ty Ir F&xoo%Lind ￿￿%￿1r￿￿peWthnt￿M￿C￿I￿ Su[￿1￿>$a￿ls I￿P> titniled.1￿bo%￿0fV￿luaEX)nI￿mv￿ m6tkddlvètkniE I￿e￿￿[b￿£￿aTw￿￿t￿TwhK￿thtr0S5et¢￿kl exchange each aci•1 k￿edge￿￿. wuthnltyandwLh￿lCO[￿pU Sge noLq12 ltyihecuilenLyP￿ ￿te ￿￿khIh￿r￿)tC￿￿Tw 36c PARÉtIT ANDSUBSIDIAIIY ul1DERT￿l￿G$FORINEVEAR ENDE031)ULY 2025 The r￿￿Sa￿s1h￿ I￿1￿11[5011￿p1¢n[￿ndSUl￿￿I￿￿l￿w•X5WrW￿l3lkx1?j Christ Irhwrne ExpeDdi%we [￿aL￿10 Ihe trkn5eurxJetgift R55uIt f¢rlhe)wr Total assets Tolalliaklliies iW6J i fund5è1 errtSof￿ar ?65￿4? 70 1205 WKk Chiw Chutch Tra¢kng Incorne 74 Expendiwe t))nai#)nto th￿ FknJseuThYw gtta kesull l(¥ theJar 14 1035 R03y 7381 NpLfurK¥aL I￿￿￿￿501Year See noiÈ15 f<Kthp¢uiieDt ￿rr￿￿te LoYh*h 124S6 Page 48

Chrlstchuvch 14oL¥stothofinanchl stat•M￿lS For theyear •ndds13￿ty 2024 36d STATEMENTOF IP4VESTMENTTOTALIIEnyRN FORIHE YEAR EWDEDSIJULY2025 Thelrustee%hè%¢ adDPied athJtyaUlhOr￿ wAKyoriotalretum Xcwntwfixthe H￿￿1n￿SE￿￿E laurns￿l￿¢￿e¢l fvomlAWL¢I 2001 Theinvestmeni reluin i0beèw￿ja5I[￿¢mètS￿uiated è53J%13022"J￿￿I￿usCO5ts)Q[the &wapoftheyear￿￿WaI￿eSofItr iekvanl investmerth15in eachofthep(ecedi￿ Tr￿151hew¢$e￿ed11￿oze[b1v3b>ed￿￿ll￿We6￿t￿￿iwcasmt3I repie5ont5 Itsopen mJrkÈlv31ue In200ZLogÈthe1v￿lh¥lSut￿Ueote1th￿￿tsWawa[da1eOW9ft. TotDI TwusLk TIAal At Ih•be9lnnlng oltheyear. GiftcotntKX)eniofthe permarnLentkhrnl unapFlledtots1 IEtuin Expe[￿ab￿￿n￿wMenI T1￿￿1 Enthwm•nts lQ57 14.036 14036 14.016 7.364 769.7FI 737J64 737J64 40vemonts Intheroportlng perlod: It olendowmpnl lund5 Investrneni rewrn tota1 invwfflent itic¢iY In¥m￿t re¢Urn'.real￿afyyunre￿￿9ah￿sèrnlk LeS>In￿EmEnt manag8tnErtI¢WAS (ther tlarsters Total IP46 21.722 1&9481 114411 IZ141 tr741 49 9J9 unèppliodlotalre¢urn alkncaied to IDCfffie ntheIep￿￿pE ExpendatIee￿Cy¥ffie￿Stran5fe[red ioinc¢xi (X.663> 0.663) In.1441 r*lDv•meNs In r•portlrb9 pgdod 1494) Ater￿tsfth•r•PQrt1Trg unèpplied tota ieiurn Expendab￿et￿SDwMe￿1 Total Endowments 11542 3lTrOS 72QSO8 seeTh)ie16f Page 49

¢hilstChurch Ntstestoth¢financlal statm•nts Forth•Y•areDd•dJIJ￿2ts24 36• ANALYSISOFTME MOVEMENTON FUNDS FOR THEVEAR EWDED31JLiY2023 t31J tooo EThd•wrn•nt Fu￿s-p•r1i￿rt*rtf 5ludènrsupp￿ Funds ￿￿e￿￿PoStSF￿IWts Ubiary Futwjs )Mo 15241 2ffj518 Endowment Funds-ExpeDdabl• teytTh3n.MoriizBellelaclv)n Orsouth otsthsl lee Ben@f￿[l￿ Meicury Fund (Wthsl Bu1￿1n95F￿l￿ Cat r62 091 DI 09 38.C63 s7￿8 o) P52) 141q OVTr D341 lJ4 26J 13346 45S420 7￿7ts7 140411 tA9481 44Y.993 754615 RèBtrfctfdin¢om•Fund5- pwrthan•Tht student SUp￿t Fvrtd5 bTaryFund5 522 434 612 SvbQotalRestrt¢t¢d Incom+ipewman•ntl 8$4 He5rynan.MOliiZ PÈneraEI￿ Orsouth N51W Lee BenefxiKJn MeicUtyFundi￿tt Build￿g5 Gèidens&GluMdsF￿noS Swiscltsbs Fund5 braryFLU)ds pttureGalkryFvnd5 Ac•jem￿ P(￿5 Funds SLudenisupwL Fufvjs CathEdial&C￿i5tOrsUr￿I Fw eene￿C￿sFu￿¥js Olh¢r Funds sub-to1alR•strlct￿ In¢om• IExpeNdabl•) 1911 389 437 15 126 1594 1.428 1.4r 592 92 421 7h34 18 7ty Pa9e 50

Chrlst chvrch P4ot•sto thefjnindHI st•rnllts For ihoy•Jrended31)uW2024 36e ANALYSISOF MQVEMEIITS 011 FUPIDS coimNUED At 313uIy 2023 EOOO IU22 4652 Bui￿1[￿FUndS G¥den5&GrCwn¢15 Funds 5pottsFunds btbry Fwds PKturfGèMery F￿￿th St￿en[sUpp￿t Furds Cèihedral&ChLYisierSupF 766 TDtal Funds 1411741 SeÈMte21 fOrthecwr*ityeJrrnteio¥rt￿thoSnol￿tLryat Pa9e Sl