Wycliffe Hall Annual Report and Financial Statements Year ended 31 July 2025 Charity number: 1156892 Company numbèr: 09007970 WYCLIFFE HALL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR TO 31 JULY 2025 Contents Page Hall Councll, Officers, and Advisors 3-10 Trustees, Report Auditors, Report 15-16 Con801idated Statement of Flnancial AGtivitle8 17 Consolldated Balance Sheet 18 Company Balance Sheet 19 Consolidated Statement of Cash Flows 20-22 Statement of Accounting Pollcles 23-35 Notes to the Flnancial Statements Wycliffe Hall Hall Councll, Officers, and Advlsors Year ended 31 July 2025 MEMBERS OF THE HALL COUNCIL The membeTS of the Hall Council are the Dlrectors and MambeTS of the charitable company and are trustegs for the PUTposes of charity law. Throughout this report they are collectively r9fgrrod to as the trustees. The folloy¥ing served as members of thg Hall Council during the year lor subsequentty).. Kenneth MacRitchie Chalr ex offiGiO Chalr Revd Em Coley Mrs Kate Pellerau Re61gned Sept 2024 Mrs Sarah Finch Bbshop Philp Mounslephen s Sarah Gammoh Join8d Sapt 2024 join￿ F8b 2025 Revd Or James Kennedy Mr Paul Lindon . Resigned ju￿ 2025 Chalr Treasurer (M￿gned J￿tr 20251 Chalr Mr5 Julie Adrich Prof Tom Simpson Revd Mlcha818igg Mr Andrew Wesl Chair Ms Philippa Kalungi Rev Dr Mark Smtih Jolned Feb 2025 Joined O¢t 2025 Prof Loma Smith Jeined Oct 2025 Revd Prof Joshua Hordem ined Jun 2025 hAembership of Hall Councll sub-commlttgos during the year is shown above for each truste&. Wycllffe Hall Hall Coun¢ll, Officers, and Advlsors Year ended 31 July 2025 SENIOR MANAGEMENT The Princlpal Is appointed by the Hall Councll to oversee the management of the Hall and he is assistsd by the Senior Management Team. (SMTI Prlncipal Revd Dr Michael Lloyd Vlce-Prlncipal & Academic Dean Revd Dr Justyn Terry Bursar Dean for Research and Cultural Development and Director of the Renaissanc& Pro ect Mr Mark Turner Revd Dr Jonathan Brant Senior Tutor Mrs Katy Roulh ADVISORS The following acted as aévisors In the year under review.. Audttors: Grawts Audit Oxford LLP First floor. Park Central 4041 Park End Street Oxford OX1 1JD Bankers: National Weslminsl8r Bank PIG l The Royal Bank of Scotland 32 Sl Giles Oxford OX1 3ND Solicitors.. Bales Wells Brailhwaite London LLP 10 Queen Sl Place London EC4R 1 BE Addr8ss and rggist&red office foT Companies House purposes". Wycliffe Hall 52-54 Banbury Road Oxford OX2 6PW .Websile.' www.wycliffe.ox.ac.uk Wycliffe Hall Trustees, Report Year ended 31 July 2025 The Trustees present their annual repx)rt under the Charities Act 2011 together with the consolidated financial statements of Wycloffe Hall Iyhe Hall") for the 12 months ended 31 Juty 2025. whlch arè also prepared to meel the requlrements for a dlreclors, report, strategic report and accounts for Companies Act purposes. REFERENCE & ADMINISTRATIVE INFORMATION Wycliffe Hall rs a company limited by guarantee (Company Number 090079701 and registered with the Charity Commission, charity number 1156892 and is incorporatsd in the Unitsd Kingdom. Wycliffe Hall was incoTp¢Jrat8d on 23 April 2014 and registered wfth the Charrty Commlssion on 1 May 2014. On 1 July 2014. all the ass8ts, liabilities. and staff of the unincorporated Wycllffe Hall trust (charSty registrallon number 3097031 wgre Iransfgrrgtj lo this new Gompany. Wycliffe Hall has been a Pemianent Private Hall of the Universty of Oxford Sin￿ 1996. STRUCTURE. GOVERNANCE & MANAGEMENT Constitution Th& Hall is govemed by Articles of Association dated 23 April 2014 and is a charitable company limrted by guarantee. Governance The Hall Council (x)ntinues to review ils govemance procedures. In the past. Ihls has Included legal StrUC￿re. truste8 appoinlmenl. induction and temi of officg, rgsponslbililies and revlew of Its own prO￿dureS and pollcles. Organi$ational Management The Hall Council nomially meets four Ilmes 8 year and Its meellngs are attended by the PTrncipal and other members of the Senior Managamenl Team, together ￿th the President and Presidenl*lect of the Common Room {for unr8serv8d matters). To ènsurè that th8 Hall Councll fulfils Ils fiduclary duty of full involvement in setting the strategic direction and the monlloring and evaluation of ils activltie8, the Councll has established Èeveral fomal sub-committees. This enables the CounGlI to discharge ils duties and responsibilities in these areas in a more effedve way bul does not absolve the Council from its collective responslbllltles- rather il enables a small group lo gN8 more detailed onsideration trj Iheso matters and then to report lo Ihg whol8 Council. 111 Finan￿ Committee This approves a draft budget for presentation to the Councll and keeps the use of resoU￿eS for the developing life of the Hals under review. making recommendations to the Council in admlnSstrallve, financlal and pollGy areas. 121 Education Committee This reviews the teaching, training and formation of all students and considers malor declslons on education and training which may affect the Hall's relatlonship with Ministy Team andlor tho Univ&rsity of Oxford and other major stakeholdeTS. 13} Govemance & Nominations Committee This recommends candidates for membership of the Councll {for election by the Council as a whol8) as vacanGios arise and Tecommends improvements lo the govemance arrangements of the Hall. 14) Development Cornmittee Wycliffè Hall Trustees, Report Year ended 31 July 2025 Thls d81omiin&s D8velopment prioriknes and tsrgels. ensuThng that the H811's overall Development actNrties are kept under review. including compliance with the C¢)de of Fundraising Pracfjce. 151 Remuneration Commlttee Thls Ad Hoc committe8 sets the overdll remunerallon strategy In terms of benchmark targgts for remuneration of different categories of stsff. Implementation of the strategy Is a matter for th9 Finance Committee and the SMT The Senior Management Team rn￿S every two weeks. Tutors, academic staff who have ￿s￿)nSibIlity for a Fellowship Group and senior support staff also meet fortnighlly to contribute to the management of the Hall in the Hall Wide Management Meeting. Group Structure and Rela￿onShIpS By a scheme dated 16 December 2014, the Charity Commission appointed Wycliffe Hall as sole corporate trustee of the predecessor trust Wycliffe Hall (charity number 3097031. This included transfer of tille to the Hall's maln building {5244 Banbury Road) which is a permanent endowment. The Wycliffe Hall trust continues to eKsl but is assentially domiant.. its only future activity will be if the trust receives legacSes. Wycliffe Hall has two wholly owned non-charitable trading subsidiarles. whose profits are donated to the Hall under the Gift Aid scheme.: Wycliffe Hall Services Ltd (WHSLI Is Incorporated the Unrted Kingdom to manage commercial activities in support of Wydtffe Hall's overall objectives. Wycliffe Hall Development Ltd (WHDLI was incorporated in the United Kingdom and acts as a buildin9. contractor to Wycliffe Hall. Risk Manag•ment The Hall has on-going processes wh￿h operated through-out the financlal year for identifying, evaluating, and managlng tho prfncipal rlsks and uncertaintles faced by the Hall and its subsldiaries in undartaklng Its actlvltles. Th6 Hall has d8velopgd systems to monitor and control these rlsks lo mitigate the impact Ihgy may have on the Hall's future. and IhgS9 are overseen by the Finance Commltlee. The Hall Council, which has ultimate responsibility for managing any risks faced by the Hall, has reviewed the processes in place for managing risk and the principal identified risks lo which the Hall and ils subsidiaries are exposed and have concluded Ihal adequate systems are in place lo manage these risks. A risk regisl8r is updated and reviewed by Hall Council. Flnance Committee review parts of this quarterfy and èach month the Senior Manag8m&nt Team review the 8lalus of one of th8 key risk categories. Tho most significant risks identified by th8 Council are associated with student recruitment to the various courses and training prograrnmes offered by the Hall. These conslituÈ8 a large part of the financial risks associated with the need for tight cashflow management and a sustainable operating model which is a constant focus with costs prevlously having increased at a higher rate than income. Trustee are taking necessary steps to ensure that the costs of th8 Hall are sustainable while continuing to explore increased income Ihrough ethlcal fundraislng and commercial enterprise. While the Hall is producing an operating surplus, there are further needs to rebuild reseNes and undertake capital investment. Wycliffe Hall Trustees. Report Year ended 31 Juty 2025 OBJECTniES & ACTNMES Charltable Objects The Objects of the Hall 83 stated In the Artlcles of AS￿l8￿on are: {1} To provido Ihfjob9ical instruction ojnsistent with the prin(yples of the Church of England to candidates lor ordination and. subject thereto, to provide theol(xJical education (with a preference for indlviduals who affj undertaking a cfNJTse of study in theology or who have b￿n ordained). 121 In carrying out ￿ objects the Charlty may provide acrA)mmcvJatson for stsjdents. Actlvltl•• and ObJoctlv0s of tho Hall The Hall's PfincSpal aCtI￿ty. as descrlbed above. tho proylslon of theological Instruction and mlnlsterl81 training. The Hall conllnues lo pro￿de ministsrial training to Church of England ordlnands. as well as oth8rs from a w6d6 variety of dlfferent church backgrounds. Each yeor. Wycllff8 Hall admits undergraduala and postgraduate students to Study Theology and related dl8cl)Ilne8. The Hall Councll recently approved a now summary of the Hall's Vlslon, Purpo•e and Value•: Wycllffe Hall was established In 1877 as an evangel￿81 ministerial college at the hèart of Oxford-an Idenllty th81 conlinuey to thi5 day as a Permanent Private Hall of Ihe Unrversrty. Training men and women for Angll¢an ordin8Uon Is o central focu5. Today. Wycllffe welcomes students trom widely diverse baGkground8, 8tudylng across many dlsclpllnes. and wth many different vocatlons and ambltions. To be a transformallve Chri511an Gommunity of Scholars and leaders and cullure creators. wllhln Iho Unlvorsrty of Oxford- for the renewal of the Church. Ihg infyjgndng of society. and in 8èr¥lce to th8 workl. Pu os We are a worshipping Chrlstian communlty drawn frcmn 8riMJnd the worfd. fostering: Excellence in research. teathing. and learning Fom8llon In charocter. Prayer. and communicatlon Excellence of cultural engagemenl, expression, and imagSnati¢)n Community Iwe We aTe, al hearL o vlbrant Christian communlty. where men and women skndy. pray, and serye together, seeklng lo be ob8dSenl tr) and shaped by the biblical wrtness. We arè wèlcomlng to all. regardless of bellef. cultlvallng a culture of love. honour. and r8SPgrt lor every member of the community. Academic excellence We are commttted to rigorously and feadessly pursuing truth in our research, toaching. and leaming and. in spirit of love, humility, and honesty. upholding ihe highest standards of academic endeavour and intellectual freedom, with openness lo different persFeCtNes. Chafactsr fomiation We offer the opportunlty for students to w in Chris14ike character, through worship and prayer. f8lk)wshlp groups, and placements. as well as in their engagemenl In th8 of the Hall. Church. the University. and wider sodety. ' Cre8tMty In the arts and sc49n Wycliffe Hall Trustees, Report Year ended 31 July 2025 We encourage and promote creatswty in the arts 8nd sclences because we belleve that human belngs are madg In the Image of God. the Greator of all thlngs. Our creatlvlty L8 therefore one of the ways we rgfle¢t God's goodness, truth. and beauty to onfr another arKI to the wortd. Ev8ngelic81 Angllcanism We were founded lo nurture and maintaln Ihe evangellcal tradtbon of Anglicanism. and we maintain that Inheritance ol faith today as the evangelical ￿)llege in tho heart of Oxford. This inheritance i8 Vital lo all our core values. As such, we have a particular emphasis on biblical scholarship and teaching, and on equipping students for Chri3t-cenlred mlssion and ministy. and for Wmder service In the wodd. Publ1¢ Ben8fft Wycliffe Hall Is an educational establi5hm&nl. founded to provide training lor thos8 who seek ordalned mlnisty wllhln th8 Church of Engtand. It ac¢épl$ students from a wid8 variety of backgrounds who seek to study theobgy wlthln the UnNersity of Oxford. in addition lo graduate students from other dlsclplines who wish to study In an Evangellcal Angllcan Hall. The educatson is provhJgd fomally wtthln the Hall and Unlverslty. and all cours0$ ￿ad lo Unlvefslty of Oxford qualifications. The Hall Council has considered thts Charlty CommlssK)n'$ guKlan¢e on public benefit. The beneficiaries of the charitable activity undertaken by the Hall indude the students themsfrfves. those impaded by the students durlng their placements and mission5, the Chur¢h of England an¢J other bodies, Indlvkluals and communltles whlth wlll b8nefll from the future mSnistrlos of Ihose who have trained at the Hall. As wilh olher educalSonal asiablishmenls. a major benefrt lo the students is In Iha formal etsnveyance of knowl&dg8. This is don8 in a variety of settings induding lectures, 88min8rs and lu1￿018, bul18 also lrnpartad through peer groups, oprx)rtunltles for reading and re86arch. on plac8menl and on mlssion. Th8 Hall also sèéks lo provld6 a 8etdng conduclve to leamSng. wlth an emphasls on communlty Ilfe, mulual support and th& accessSbllily ol slaff who seek lo provk16 appropriate counsel in every Circumstance. The Hall constanlty $lrfv88 lo Improve on ils already high standards by eTKouraging fegdback from the studonls on all aspect8 01 (holr experien￿¥ 8t the Hall each term. On one18v81, the SU￿e$S of the education provhjed al Ihe H811 can be Segn in Ihg quallfications from the UnlversSly of Oxford which the sludenls recèive 81 the end of their COUfS8S. However. this academic yardstick does not reffecl the full exlenl of the training gfven within the Hall lo p￿pare tho students for leadership in tt Church o! England and other spheres of Christian ministry. The benefici81 impact of these students Is fèlt in many ways and places. The Hall belleves that It Is In the Interests of sodety that rellglous18aders are tralned al th9 hl9hesl acad8mlc level. The eXPO8ure of avery student lo thg (rigorously fomed and articulately expressed) vlaws of others. and tha subjection of every bellef, however cherished. to the critique of others produces religlous leaders of greater humllity, moderation. and ability to engage intelligently and grafiousty with those who hold opposing beliets. Such an edu¢alion and training help develop leader5 who wll not presi¢Je ovor the retreal of religious group5 into a sectarian attitude. bul which WTII contribute p)sitivety to the debales - and the ne8ds- of conlempor8ry 50uety. Wycliff8 Hall ¢8 the colbege that has trained the lar9e$t number of siitlng kn'shops in the Church of England. A significant number of students aTr admtttgd each yoar to tha on&year Certrficale in Theologlcal Studlès ICTSI, offered through the Oxford un￿ersity Department of L￿ek)ng Leaming. Some students compbte the course part4ime ovor tsvo years.. others con￿n￿e lo the Diploma In The01c￿1cal Studies IDTSI and Bachelor of Theol¢Jgy IBTh). This suhe of programmes. abngshle the BA of Theology and Rellgion, ar& the maln options for our ordinands unless they have a prtor theolc*3i¢al dggrBe. in which case they may undertake thg MTh, MPhil or DPhil. Wycliffe Hall Trustees, Report Year ended 31 July 2025 Flnanclal Support for Students Th& Hall ¢harges tultlon faes In Ilne wllh externalty regulated rates and sets reasonable accommodation and meal charges. To asslst und8rgraduates entitled to Student Support. the Hall advlses on schemes operatsd In common with the UnNersily and other Colleges, has a relatively small amount of bursary support for those of limited financial means and h88 established contacts with other polenlial supporting bodies. The scheme is approved by the Office of Fair Access IOFFAI and provld85 benefrt8 al a substantially hl9h8r level than tha mlnlmum OFFA requlrement. Most of Ihg Hall's independent studenls11.e. those whose Iralning c051s 8re not pald by the Church of England) are not &ligSble for Student Support. Where pos5iblg. the Wall provides financial support for students, including sevor81 bursaries and fae waivers each yaar lo fund fees and Ilvlng co815 for both undergr8duat8 and graduate students. For th& ocademlc year 2024125, the numb8r of awards made by the Hall wa8 812024.'61 and the lolal value awarded was £50k12024.' £24kl. A relatively new bursary. Theology for All, funded by a generous donor, provided a further £280k lo support 18 sludenis durlng Ihe y8ar1£194k lefis and accommodation plus £84k for 1Svlng costs. Th8 Hall also supports students ￿th travel expenses associated with theSr min1518rial placements and operates a Ilmiled hardship fund, foi which students incurring ungxpoclgd financial haTdship are eligible. Wycllffe H8111s mo81 grateful for the support of donor8 who have Contributc￿ to Bursary funds. ACTIVITIES AND PERFORMANCE As a Permanont Prlvale Hall of the Unlvèrslly of Oxford, wllh a dIstinct￿& rellglous ethos, our experlen¢e Is that It Is Ihal dSsllncllve ethos which our students proaGllvely Ghooso and greatly apprg¢lalo and this •lho$ ¢ontribules to th8 rlch dlverslly of the University's Intellectual, soclal, sportlng, cultural, pollucal and entTepTeneurtal Ilf8. At the ck)se of th8 2024-25 8cademlc yaar, we had 131.5 full-llme equivalent {FTEI, lolal h8adcount 160 {2024:113.5 FTE sludenls,. total 1391. Of thgsg, 67¢kn wore underyraduales <2024: 70Vol, 18% wgfg on laughl postgraduate programm8812024'. 24Vo}. 8¥0 were on postgraduate research programmes {2024'. 8¢/01. 40% of our students were studying with us as part of their ordination Iralning wllhin the Church of Eng18nd {2024'. 40%). Univorsily of Oxford axam results tor our $ludenls were generally very good. Thè equipp1ng of women and rnan for ordained and Igy mlnlstry remalns a central acllvlly of the Hall. All those preparlng for ordalned mlnlslry In the Church of England securgd posltlons as Curates and aro seNlno In that onttsxl in dloceses across England and evgn In the wlder Anglican Comrnunion. INe always enjoy heartng feedback from our alumnl and are con51anlly encouraged to see the tangible impact they have around the wodd. Seven years ogo. wo had no reseorch fellow$'. in 2024-25 we had nine including Revd Profe880r N T Wrlghl. a New Testament scholar of global r8pulalion. We hav8 created a Research Centre in one proPerty lo provide our research fellowg with somè qu81Sly study spaco 8nd to foster academlc co-operation and mutual encour&gemenl. Our10$1 REF submission was QUT best ever. with 4.2 FTE of our small academic team conlribullng to th8 REF. W& have est8blished a Research Fund with the majorily of the derived income allocated lo support our academic team in Ihelr research and publicallon. One of our Bcademic staff, Dr Andr Atherslone, became the Professor of Modern AnglSc8nlsm thls year through the Unlvarslly's Recognlllon of Dlstlnction proce88. Believing that our society has become polltically polarised, phSloSophlc8l￿ dlssallsfied, and culturally tlred, and saddened that the church has loo often gone Into seclarlan rel￿al and contributed Ilttle to the renewal of sodely, Wyoliffe has fA)mmitted itself to the (modestll IBsk of fostering a new Renalssance of Christian scholarshlp. laadershSp. and culture. In order lo foster transformational scholarship, leadership and culture, born out of Christian community, offering the tnjlh, goodn&ss and beauty of th8 gosp81 to the world, we are-.11} fostering Christian scholarship by continuing lo build our research community. and planning to Increase the number of our tutorlal fallows, and lo provlde competitive scholarships for outstsnding postgraduate studènts; {21 fosterfng leadershlp through offerfng Wycliffe Hall Trustees. Report Year ended 31 July 2025 leader8hSp-focused seminars and conferences. bulldlng rel81ionshlps with the Said 8uslne88 School and the Blavathlk School of Government. and by rocrulllng graduate students working in these areas'.131 fostering Chrlsllan culture and arts by partnering with short- and Iong-lerm art151s-Invresid8ncg, along wlh students and others, lo form a small Creative communily, and inspiring academic refledion on their output. We Also run a full programme of New Renaissance Project events open lo thè Wycliffe Hall community, to Unlversity of Oxfor(I mambeTS. and to the general public. In the past year. these events have included lectures. book-launch8s, film- screenings, podcast recordlngs, music concerts, and an exhlbilion for Oxfordshira Art Weeks. At the weèkly Prfnclpal's Hour, Oxford academics and olh&r s¢holars and practitioners, frorn a wide variety of dlsciplines and faith perspectives. are invited lo speak. Recent èxamples Include talks on Josephine Butler, privacy law, North Korean exil8, X8rxes' military c#mpalgn8 and 8 presentation from the S9¢retsry Gener8110 the Church of England's Archbishop's Council. Wyclrffe Hall's stsff conllnued to make a slgnift¢ant Impact In th8 wider communSty and wodd. The ordalned members of staff have conllnued lo preach and leach in many setbngs, ￿ntrIbUtIng lo the life of several churches and Chrisllan organlsations. Allendance al acadomic Gonferèneas has conllnued, with several tutors ntrfbu￿ng al Ihom. Wa ara conlinulng our plan5 10 5UPPOrt a work under 8 "New Renaissance" and aiming lo develop our mBin sl1&. Whlle Seeklng to 8xpand our supporter base In the UK and around tha world, the Hall is currently embarklng on a major lundnlslng campalgn dlrgGt8d In thè flr81 In8tanc8 at 8UPPOrters In the U.S.A.. FINANCIAL REVIEW The fln8ncial s18lements have b￿n prepared In accordancg with the accounllng pollcles a8 Sel out on pages 21 to 24 and comply wllh th8 Charilles Act 2011, the Companl8s Acl 2006 and Accounting Bnd Reportlng by Chari119$.' Slalernenl of R8cofflmended Practl¢e applicable lo charllies preparfng Ihelr accounts In accordance with tha Fln8ncial Reportlng Standard Appllcmble in the UK and Republlc of Ire18nd {FRS1021 leffectlve 1 January 20191. Thls Annual R8port and Financial Stalomenl8 COV8r th8 12-monlh perlod from 1st August 2024 unlll 3181 July 2025. The 2023-24 8quival8nl report cover&d a 13-monlh period incorporatlng the chang8 lo our flnanclal ye8r end. When Gomparlng the fIn8noial performanc6 In 2023124 wlth 2024125 readers Should lake Into account thls variatlon. Operntlng Perfomancè The Hall saw an Increase in income frorn £4,291k lo £4,515k, primarily through a 150/0 Increase in donallons and legacies. bul also with a conunulng healthy student intske leadlng to a 15Qk Increase leaching fees. This continues lo involve significant nurNbers of ordSnands training wlth 29 joinlng In 202512024'.241 and ordinands g&narating over half of fees recelv6d12024'.45Vol. Tho strategy to devèlop a vlable commerclal Income stream from B&B, Evgnls and Conferences continued lo delSv8r a suslalned trading income of £626k12024.. £555k over 13 months)- a 14Vo shar8 of income (with the in¢r8ased income malch8d by increased expendilurel. Residential income remalned healthy- combination of student income and commerclal activity lolalllng £1,041 k (2024.. £1,094k over 13 months} acr08s owned and managed properties. In 2024, the Hall recgived an additional Income in a onewoff reimbursement of £133k {note 21 loan Snleiest payments. Gffts from individual and trust donors conllnu8d to increase, primarily wllh reslricled giving increasing furthw, from £839k to £1,084k. Unreslrlcted glvlng return¢d to 2022-23 levels {£201 k,. 2024.. £282kl. Trustees are cognlsanl of the valued and vital support of unrestricted giving {bolh funding and 'in kind") lo ongoing delivery and outcomes. They also seek significant funding lo underpln the 'New Renaissance, vlslon as well as OUT CBmpus building aspiratlons to evèn b8tt8r equip the Hall's 8cholarship and other learning, and, ther8by, the wlder church and society. (See Future Plans below). Wycllffe Hall Trustees, Report Year ended 31 July 2025 The encouraging increases in income sustsined a similar oul-lurn to Ihe provious 13-month period, includlng covering the equivalent of the one-off loan interest reimbursement. The Hall's lolal unrestricted expenditure fell from £4,193k lo £3,517k {-16WDI due primarily to the reduced period of accounting112 months from 13 months) and the condusion of the substantial design and planning 8xpendlture12024'. £571kl on tha H811'5 building plans which received planning permission in November 2024. Expendituro on fundraisSng inGr9asgd by 71 lo £432k12024'. £252kl. m81nly In support of a campalgn lo fund both the vlslon for buildings and the scholarship, le8dershlp 8nd cuFtural elements of the"New Renaissance" vlskjn. Dlrect staff costs increased from £2,083k12024110 £2,132k. Thls r8pr858nts an Increase of 31 % over two years Icomparlng wllh the last 12-month accounting pe￿od12023'. £1,624kl. Th6 numb8r of staff Increased from 45 12023110 55 over the same perlod- 6 partly or lully-funded by reslrtcled funds Ilhree of whom arg corg to the Hall's delivery of educatlonl. with other rol8s largely In maiketing, fundralslng and comm8rclal operallons. Other Support Costs contlnue lo be Ilghuy manag8d Tha nel r88uIt of these Increase8 In règular and more strategic 8xp8ndlluro¥ logglher wllh the various Income 80urce Improvemen1818 an ovèrall nèl inctsme of £25k12024.' deflclt of £560k) Including an unreslrlcted deflclt of £86k12024.. £740kl. Fundral$Sng As Indicated above, the Hall ha8 Inve$16d slgnlficèntly Sn a slraleglc fundralslng campalgn lo support projec18 and ¢apllal Investment towards a"New Renalssance" a8 well a8 8ecuring th6 dellv8ry of th8 Hall's many core actlvhles Into the future. Thls ha8 Involved engaglno a profes8lonal ftjndralslng consultant In the USA lo Inform strategy and pracllc6, pr8parallon and Iralnlng. Twstegs hav9 9nsured an elhlcal approach by a focu88ed approach alongside 5UPPQrtors with any requests for funds belng dellvered by our own $18ff, who have received approprlat8 training. No complaints have been received. While the Campaign has lak&n longer lo gather traction Ih8n initially hoped, we 8re grateful for the many supporteTS who have pledged around $700k to dale. Currently. the campalgn does not appear on track to tsach the full tsrgel of £8 mllllon, A thorough revlgw of fundra181ng acllvllies before the next phas8 Is dua In December 2025. Oversight of fundr8islng 8¢tlvltlas Is rnalntalned by Irvslees vla the Developmgnl Cornmlttee. R•s•Nas Pollcy Tha Hall aims lo opgrala on at least a bAlancod budg81 basls. and thèrefore alm8 to re8tr1¢t expgndlluro to the level of fee and commercial income plus antlclpated unrestrfct8d donatlons. It r&cognls8s the need lo hold further Ilquld reserves to Invest In G8pllal {new and replacemenll, Inillallve8 and projects, and to provlde for conllnggncles causing potentlally signlflc8nt changes In nel cashflow. A subslantlal amount of the Hall's unreslrlcted reserves have been used in recent year3 towards the Hall's lulure ¥lrolegio and academic development. The Hall seeks lo m8k8 8 surplus Ihiough Increased Income, controlled costs and 8 clear op&rating model in order lo be able lo replenlsh and re-8slablish working capitsl and liquid rgsèrves. Thg Hall's cash al bank (together wSlh subsldiarSe81 al year-ènd was £1,091 k12024.. £746k) of which £400k was unresldcled funds12024.. £326kl. Our tsrget remalns to ensure that there are always sufficient fr88 res8rvgs (unreslrict8d nel current a888ts}1o cover al least 3 month8 of budgeted opèrating expenditure. Most of Wycliffe Hall's reserv&s ar8 invested In property whlch provides adequate space for the academic and administrative functions of the Hall, and lo promde housing for slud8nts and some external lenanls. The Hall owns the freghold of its campus buildings logather with six houses in and around Norham Gardens and a further seven in North Oxford Ithe asset value of 5 of these is due to the Church Commissioners on sale). Wycliffe Hall Trustees, Report Year ondod 31 July 2025 The total fiJnd8 of the Hall and Its subsidiarias al the y&ar-end remained steady al £8,864k12024.' £8,839kl- This n¢ludes endowm8nl capltal of £561 k12024'. £561kl. unspent restrictèd Income funds totalling £690k12024: £578k). Grant4naklng Pollcy Grants aT8 made from reslrlcled funds In aGwrdance wllh the r8slrlctlons Imposed on thos? funds. Investmont Powers The Truslo&s are empowered to invèst the Hall's asso18 al their dis¢retion. FUTURE PLANS Our vSslon Conllnues to dellvar a "N8w Renalssance" In Christian sehol8rshlp, leadershSp and Iho arts alongside a broad and substanlivo foundallon for mlnisty and wlder theological undersiandlng applied lo l&arnlng and, thereby, vocations. Many of our $lud8nls are Invesilng In Ihelr und$rslandlng of theology, church and fallh as an inltial foundallon for Ilfè and c8raers. wh116 many are laklng the Ilme for such Investment mld-careor. Our alm Is to socure and further Improve these foundalional opportunilles for the long-lorni. This involv88 financial review, strategic partnarship with the church and Univarslty, trusts and supportlng Indlvldu818. On8 key development in the comlng yéars18 thè rec6ntly18unched Theomu8lk08 programmg - a uniqu8 fomiallve 8xpertence culllv8llng 1h8ologlcal depth. artlstlc 8xc8llence and dlverslty In congTggatlondl muslc and those who load such. 10 Wycliffe Hall Trustees, Report Year ended 31 July 2025 STATEMENT OF TRUSTEES. ACCOUNTING AND REPORTING RESPONSIBILITIES The trustees are responslble for preparing the Truslees, Annijal Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Ac¢ounling Practi¢e} and appli￿ty1e lawl, In¢ll￿Ing Financial Reporting Standard 102- The Financial Reporting Standard Applicable in the UK and Republic of Ireland IFRS 1021. The law applicable to charities in England & Wales requires the trustee5 to prepare financial state￿Ents for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the chaTTty for that year. In preparing these financial statements, the tnjstees are required to.. select suitable accountlng policies and then apply them consl8lenYy. observe the methods and prin¢iples in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards including FRS 102 have been followed. subject to any material departures disclosed and explained in the financia5 statements. prepare the financial statements on the going concern basis unless il is inappropriat¢ to presume that the charity will ¢onlinue in 0￿ratIon. The trustees are responsible for keeping proper accounting records that disclose with reasonable aceAJracy al any time the financial position of the charity and enable them.to ensure that the financial statements comply with the Charrties Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the chanty and henee for tsking reasonablÈ stèps lor the prèvention and detection of fraud and other I￿gUlar￿leS. The trustees are responsible for the maintenarice and integrity of the Charity and financial information included on the chanty's website. Legislation in the Unf(ed Kingdom goveming the preparation and dissemination of finandal statements may differ from le9lsl8tK)n in other jurisdictions. Insofar as the trustee$ a￿ awar$ at the lim? of approving our trustegs, annual report.. There 13 no reSevanl information. being information needed by the auditor in connection wllh preparing their report, of vthich the group's auditor is unaware, and The trustees, having made enquiries of fellow directors and the gTOUP'S audltor Ihal they ought to have individually tsken. have each taken 011 steps that helshe is obliged to take as a director to mako thernselves aware of any relevant audit infomation and to establish tI￿t the auditor is aware of that information. Approved by the Board of Trustees on 20th November 2025 and sjgned on ils beh Kenneth M MacRilchie Chairman Andrew M Trustee Wesl Wycliffe Hall Independent auditors, report to the rneMbe￿ and trustees of Wycliffe Hall Year ended 31 July 2025 Opinlon Vve have audited the financial statements of Wycliffe Hall {'the charitable company'} and fts subsidiaries (the 'group"I for the year ended 31 Juty 2025 which cornprise the Consolidated Statement of Financial ActiV￿eS, the Consollttaled and Company Balance Sheets, the Consolidated Slalemenl of Cash Flows, and notes to the financHI slalements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including FRS 102 The FinanGlalReporting Standard appllGablg In the UK and Republic of Ireland (Unyted lfjngdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a tnje and fair view of the stale ol tho group's and parent charitable company's affairs as al 31 July 2025 and of its inGoming resources and application of resources for the year then ended., have been properly prepared in accordance Trmlh Unrt8d Kingdom Generally Accepted Accounting Practice- and hav6 been prepared in accordance wff(h the requirements of the Companies Act 2006. Basls for opinion We conclucted our audit in arKordance with Intemational Standards on Auditing IUKI IISAS IUKI) and applicable law. Our responsibilities under those standards are further descllbed in the Audi10￿S responsibilftlies lorthe audffl of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard and we have fuffilled Dur other ethical responsibilities in accordance wth these requirements. We belleve that the audit evidence we h8ve obtained is sufficient and appropriate to Provide a basis for our opinion. Conclusions relating to golng eon¢orn In auditing the financial statsments, we have concluded that the trustees. use of the going concem basis of accounting in the prèparation of the financial statèments is appropriate. Based on the work we have perfoimed, we have not identified any material uncertainties relating to even15 or conditions that, individualty or collectively, may cast significant doubt on the Charity's ability lo continue as going Gon¢8m for a period of at least 12 months from when the financial statements are aulhorised lor issue. Our responsibilf(ies and the ￿$￿nSibIlitieS of the Iruslees with respect lo going concem are described in the relevant sectr.ons of this report. Other Infomiation The other informatlon comprfses the Inforniation included in the annual Trport, Including the trustees. report. other than the financial stslements and our audilorfs report the￿On. The trustees are responsible for the other information contained within the annual report. Our pplnion on the financial statements does not coverthe other infom)*ion and, except to the extent otheMse explicitly slated in Dur report. we do nol express any form of assur8n¢e Conclusion thereon. Our responsibility is to read the other information and. in doing so. consider whether the other infomiation is materially inconsistent with the finanual siatements. or OLFr knowledge obtained in the wurse of the audtL or otherwise appears lo be materially misstated. If we iderrtify such material inconsistencies or apparent material misslalements, we are required lo determine whether thi8 gives rise to a material misstatement in the financial 12 Wyeliffe Hall Indepondant auditors, report lo the members and trustsès of Wycliffè Hall Year ended 31 July 2025 ststèm6nl8 Ihem8elv88. If, based on the work we have performed, we conclude that there is a matgrial mlsslalement of thi$ other Infomiallon. we are r8qulr8d lo report that fact. We have nothing lo report in this regard. Oplnlons on other matters pr•$crfbed by tho Companlos Act 2006 In our OFNnlon, based on the work undertaken In th8 course of the audit.. the infomialion given in the Iru$lees' report, whlch Includes the dlreclors, report prepared for the purposes of company law. for the financial year for which the financial statemgnts arg PToparod is con818lenl wllh the financlal ststements; and the directors, r8POrt Included wlthln the Iruslees, report have been preparod In aGCOTdance wlth appllcable le9al requirements. Matter4 on whlch w• aro r•qulrgd to report by ox¢•ptlon In Ihe1Sghl of the knowledge and understanding of the cornpany and ils environment obtained in the course of the audit, W8 have not idéntffted material m188talemènl8 In the dlreclor8' report Included ￿thIn th6 Iru8lee8' report. We hava nothing lo report In ro5ped of thg following matters in relgtion to which the Companle$ Act 2006 require us to report to you If, In our oplnlon: adequate and proper accounllng records hav8 not been kept, or retums adequate for our audll havè not been recelved from bT8nch98 nol vlslled by u8: or the finonGlal 5181ements are not In agreement wllh the accounting records and r6lurns.' or ertaln dlsclosurg5 of Iru$tsg$' romungrauon spgclflgd by law aro not made; or we have not rec8lved all the Informatlon and explanallons we requlr8 for our audll., or th8 tru8lees were not onlltled to prepare the Ilnanclal ststemenls In a¢cordanca wllh thé small companle8 reglme and lake advantage of the small companles, ex8mptlons In preparfng the Irusl80s' report and from the requlremenl to prepare a slraleglc report. R•sponslbllltlg8 of the trust809 As explained more fully.ln the Irustee8' responsbblllties slalement sel out on" pag8 10 the twslees (who are also th8 dlrèclors of the charitable company for the purposes ol company law} ar8 responsible for the preparatlon of th8 financlal statements and for baing satlsfied that they give a true and fair view, and for such Internal control as the trustees determine is ngcessary lo enable the preparation of financlal statements that are freè from maleriMI misstatem8nt, whalher due to fraud or error. In preparlng the finan￿al stalemenls, the trustees are responslble for assessing the company's abilty to contlnu8 as a going concern. disclosing, as applicable, mattars related lo going con¢em and using the golno concem basls of accounllng unless the trustee8 8lther Intend lo Ilquidate the company or lo ceaso op8rallons. or h8Vg no reallstic altemallve bul to do so. 13 Wy¢llffe Hall Indèpendent audltors. report to the mem￿r$ and trustéès of Wycllff• Hall Year ended 31 July 2025 Auditor's re$ponslbllltle8 for tho audlt of tho flnanclal ¥tstements Our oblecllves are to obtsln reasonable assurance about whether the finaricial stslemenls are free from malerSal misstatement. whether due to fraud or error, and lo Issue an audltor's report that Includes our oplnlon. Reasonable assurance is a high level of assuranc8 but Is not a guarantee Ihal an audit Gonducled in accordance wlth ISAS (UK} will always delect a material misstatement when11 exists. Misslalements can arise fmm fraud or error and are considered mater181 if. Indlvldually or in Ihe aggregate. they Could reasonabty be expected lo influence the economic deasions ol users lak8n ba88d on these financial slalements. Irregularities, Indudlng fraud, are In8tances of non.compllanc& with law8 and regulations. We design procedures In Ilne with our responsibilities, outllned above, to delecl malarfal mSsstalem&nts in raspecl of irregularllles, Includlng fraud. The extent lo which our Procedures can detect Irregularflies, including fraud Is delallgd below.. Our 8pproach to Identlfylng and 88s8881ng th8 rl¥ks of materlal m1981algmenl In r8spect of Irregularltle8, includlno fraud and non-¢ompli8nce wllh laws and regulallons, was as follows.. the engagement partner ensured that tho engagement team collectlvely had the approprlatg competence, capabllltlg$, and $kllls to Identlfy or recognlse non•cornpllance wllh appllcabl8 laws and regulaknons. we Id8ntlfied thè law8 and regul8llons applScable lo the Gharity through dlscusslons wllh Iru8t808 and oth8r management, and from our commercial knowledge and experlence of th8 cllenl's busin8ss sector, W8 focused on 8p8clflc laws and re9u18tsons which wa ￿nSIder9d moy have a direct material effect on thg financlal statements or the operallons of the ¢hartty, Including the Companies Act 2006, Charllles Act 2011, data protèctlon, an11-b￿b8ry, employment, envlronmenlal and health and safety18g￿sI&1l0n. we assessed the exlenl of ¢ompllance wllh the law8 and regulatlons Idant￿ed above Ihrouoh makbng enqvlTles of manag8menl- and Iden￿lled laws and regulation8 were communlcaled wllhln the audit toam rggulady and the team remaln6d alert lo Sn8lances of non-complianG8 IhToughout the audlt. We assessed the 8usceptFbllrty of the charlty's flnanGlal ¥lal8m8nls to mataAal mI88tal8ment, Includlng obtsinlng an under8tandlng of how fraud mlghl occur, by.. maklng anquides of management 88 to whar8 they con81dered Ihara was susc6plibility to fraud, their knowledge of actual, suspecl8d. and all8g8d fraL&d. con8idgrlng the Internal controls In place lo mlllgale r18ks of fraud and non-compliance with laws and regulalion8-, and To address the risk of fraud through management blas and overfde of controls, we- performed analyllcal procedures to idgntify any unusual or unexpected relallonships. lesled Journal 8ntries.to identify unusual transactions. assessed whelherjudgoments and assumptions made in detemlnSng the accounting gslimales sel out in the Slatsment of Accounting Policie5 were indicative of potential bios. invesllgaled the ratlonale behlnd significant or unusual transactions- and In responsg to the risk of irregularities and non-compliance with laws and regulations. we designed procedL¢re8 which included, but were not limited lo= 14 Wycliffe Hall Independent audltors. report to the members and trustees of Wycliffe Hall Yèar ènded 31 July 2025 agreging finanGial statement disdosurgs to und¢rtying supporting documentation. reading the mlnutes of mee￿ng8 of those charged with governancg. enquiring of management as to actual and wtential Irttgation and claims. There are Inherent limltations In our audit procedures described above. The more removed those laws and regulations gre from financial transactions. the less likely il is that we would become aware of non-compliance. Auditing standards also limit the audit prO￿dureS required to identify non-compliance with laws and Tggulations lo enquiry of the trustees and olher management and the inspection of regulatory and legal correspondence, rf any. M8t8rial misstatements that arfse dua lo fraud can be hardar to detect than those that arlse fmm error as they may involve deliberate con￿alMent or collusion. A further description of our responsibilities is available on the Financial Reporling Council's website at.. .uklaudiloTsres onsibilities. This description forms part of our auditor's report. Use ofour report This report is made solely to the charitable companys members. as a body, in accordance with Chapter 3 of Part lé of the Companies Act 2006. Our audit WOTk has beon undertaken so that we might stale to the Charftable company's members those matters we are requlred lo state to them In an audltor's Teport and for no other purpose. To the fullest extent P8miitled bylaw, we do not accept or assume responsibility to anyon8 0th8r than the charitable company and the charitable company's members as a body. for our audit work, for this report. or for the opinions we have fomied. //// • Robert Klrtt8nd FCA {Senlor Statutory Au(Iltor) For and on behalf of Gravita Audit Oxford LLP Islatulory Auditor) 40-41 Park End Street Oxford OX1 1JD Date: 101212026 15 Wycliffe Hall Consolidated Statement of Financial Activities {Including Consolidated Income and Expendlture Account} Year ended 31 July 2025 Unrestrlcted Restrlcted Endovfftent Fund5 Fund5 Funds 2025 2025 2025 Total Fund$ 2025 Total Funds 2024 Noto Income and endowmgnts from Charitabla activities Teaching, research and residentlal Donations and legacies Trading income Bank and other interest Profit on disposal of fixed asset 2.605,107 200.673 625,859 2,605,107 2,615.995 1,284,291 1,120,573 625,859 554.803 23 1,083.618 Total incomo 3,431.639 1,083.618 4,515,257 4,291,371 Expenditure on Generatlng Fund$ FundTalslng and publicity Trading exp8ndilure 432,108 432,108 251.635 228,454 228,454 212.215 660,562 660,562 463,850 Charrtablo expenditurn Tea¢hing, research and re8ldenli81 2,856.834 972.179 3,829,013 4,388,010 Total expenditure 3,517,396 972,179 4,489,575 4,851,860 Net income I (expendlturel {85,7571 111.439 25.682 1560.489} Transfer b8tween funds SuTplusllDeficitl 185,7571 111,439 25,682 1560,489) Other recognl$Èd gains111055esl Gains on revaluation of- T￿ed assets Actuarial gainsl (losses) on defined benefit pension scheme (431) {431) 1231 Net movement In funds 186,188) 111,439 25,251 1560,5121 16 Wycllffo Hall Consolidated Statement of Flnanclal Actlvltles (includlng Consolidated Income and Expenditure Account) Year ended 31 July 2025 Unre8trl¢t•d R•8trfct•d End¢)wm•nt Funds Funds Funds 2025 2025 2025 Tolal Fundi 2025 Total Funds 2024 Balances brought lorward at 1•t July 2024 7.699,291 578,381 561.000 8.838,672 9,399.183 Balan¢08 carrled forward at 3111 July 2025 7,613,104 689,820 581,000 8,863,924 8,838,672 Thè 818tem8nl of financlal acllvllles Includes all ga5ns and losses recognlsed In 12 months poriod between 01 August 2024 and 31 July 2025. Prlor year comparatives covgr 13 months period betwegn 01 July 2023 and 31 July 2024. All Sncomo and 8xpendllure derlve from continuing aclivilies. 17 Wycllffe Hall (Company Number119007970) Consolidated Balanc6 Shaet Year ended 31 July 2025 Unre$trlctgd Rgstrl¢tgd Endowmgnt Funds Funds Funds 2025 2025 2025 Total Funds 2025 Total Funds 2024 Note Flxod Assets Tanglble A888ts 11,347,233 560.000 11.907.233 12.059.246 Curront A880t8 Stock D8btors Cash at b8nk and in hand 344.388 344.388 377,924 400,434 689,820 1.000 1.091,254 745.565 744.822 689,820 1,000 1,435,642 1,123,489 Cr8dltors Amounts falling dug within one year 10 2.340,049 2.340.049 704,202 Not Current As80ts1{Llabllltl••l (1.595,2271 689,820 1,000 1904,4071 419,287 Total Assets l•ss Curr•nt Ll•bllltl•¥ 9.752.006 689.820 561.000 11.002,828 12.478,532 Cr•dltor8 Amounts falling due after rnore than one year 12 2,138,904 2.138,904 3.639.861 Pension Scheme PrO￿$10n Total credltors due after more than one yoar 2,138,904 2.138,904 3,639.881 Net A880ts 7.613,104 689.820 561.¢)00 8,863,924 8,838,671 Capltal Fund# Endowmanl Fund8 Restricted Funds Deslgnaled Fund8 Unr8slrS¢t8d Funds 561.000 561,000 689,820 561,000 578.381 889.820 7,613.104 7.613,104 7.699,291 Total Funds 7.613.104 889,820 561.000 8.863.924 8.838.672 Thg B4lane8 Shèèt covor8 12 months parlod betwa•n 01 August 2024 8nd 31 July 2025, prior yoar wmparallvos covorlNJ 13 months, approved by th8 B08rd of Trustees on >rt8nd Signed on its bèhalf by.. 20 20 2( kmsb Andrew M M West (Trusteel K8nneth M M8cRitchi8 (Chair) 18 Wyclifte Hall Company Balanco Sheet Year ended 31 July 2025 LInr￿triC1ed Restrlcted Endowment Funds Fund$ 2025 Fund Total Funds 2025 Total Funds 2024 202S 2025 Note . Fixed Assets Tangible Assets Investments 11,347,233 560,000 11.907,233 12,059.246 10 11,347.243 560,ODO 11.907.243 12,059,256 Currgnt Assgts Stock Debtor5 Cash al Bank and In Hand 567,552 104,528 567,552 795.348 399.418 531.910 689,820 1,000 672.079 689,820 1,000 1,3S2,899 931,328 Ctsdlto Amounts falling due within one year 10 2,263,687 2,263.687 576.151 Net Current Assetslluabllltlesl 11,591,608) 689,820 1,000 (900,788) 355.177 Total Assets le85 Current Liabilitie5 9,755.635 689,820 561,000 11,006.455 12,414.433 CreditOT Amoun15 falling due after morè than one year Pension Scheme Prowsion 12 2.138.903 2.138.903 3.639,861 Totsl creditors due ofter more Ih8n one year 2.138.903 2,138,903 3,639,861 Net As¥èts 7,616,732 689.820 561,000 8,867,552 8,774,572 ' Capitsl Funds Endowment Funds Fiestri¢ted Funds Des￿nated Funds Unrestricted Funds 561.000 561,000 689,820 561,000 578,381 15 16 689,820 7,616,732 7,616,732 7,635,191 7,616,732 689,820 561,000 8,867,552 8.774,572 The Balan￿ Sheet o)vers 12 months perirKI between 01 August 2024 and 31 July 2025, prfor year comparative5 coVerir￿ 13 months, approved by th8 Board ofTru¥t885 on x*< and signed on its b8h8lfby.' fvoLtJ Kenneth M MacRiichia (Chairl Andrew M M West rrFusleel 19 Wycliffe Hall Consolldated Statement of Cash Flov Yea ended 31 July 2025 Nots 2025 2024 Net cash provlded by Iusgd Inl operating actlvlties 17 386.558 (451.1941 Cash flows frorn investlng actlvltlg8 Proceeds from sale of property, plant and equipment Purchase of property, plant and equipment Impaimient of assets Nel cash provided by (used in) investing actiwtles 140,868) 158.8651 (2.972) 61.837 40.868 Cash flows from 1Snancino actlvltles Repayments of borrowing Cash inlows from new borrowing Nel cash provided by (used in) financing actwities Change in cash and cash equivalent5 in th¥ reportt'ng year 345,690 513,031 Cash and cash equivalents at the beginning of the reporling year 745.564 1,258.595 Cash and cash equivalents at the end of the roporting y￿r 18 1,091,254 745,564 The Consolldaled Statement of Cash Flows for 2025 demonstrates balances al tre end of 12 months period betweèn 01 August 2024 and 31 July 2025, The prior year figures demonstrate balances at the end of 13 months pertod between 01 July 2023 and 31 July 2024. 20 Wyclifv Hall Statement of Accounting Pollcles Yoar ended 31 July 2025 Sco f the Financi81 Stat8menl8 Th& financlal statements present the Consolidated Slalemenl of Flnancial Activities ISOFAI, the Consolidated and Company Balance Sheets and the Con501idated Slalemgnl of Cash Flows for the Hall and its wholly controlled subsidiary Wycliffe Hall Services Limited and Wycliffe Hall Development Limited. The three entities are incorporated in the United Kingdom, and the registered office address is 54 Banbury Road, Oxford. OX2 6PW. No separatè SOFA ha8 been presented for the Hall alone as currently permitted by the Charlty Comm18slon on concession8ry bas58 for the flllng of consolidated flnancial 8lal8m8nts. The results of the subsidlarles as indude(J In the ¢on801id8ted SOFA and balance sheet are disclosed in note 8. The flnanclal statements for 2025 covers 12 months perfod be￿een 01 August 2024 and 31 July 2025. The comparallve figures aro also included in the flnanclal ststemenls whlch cover 13 months be￿een 01 July 2023 and 31 July 2024. Ba515 of Thè H811's Indlvldual and Gon6015dated Nnanclal statemènts hav8 been prepared In accordance with Uniled Klngdom Accounling Standards, in particular'FRS 102: Thè Flnanclal R8portlng Stsndard 8pplicabl8 in the UK an¢J Republlc of Ireland, IFRS 1021. The Hall 18 a publlc benefll enllty for the purF)os&s of FRS 102 and a regl818r8d ch8rlly. 1118 a charRable ¢ompany Ilmlled by guarantee, Incorporated In England and Wales with the reg151ered address as declared on page 2 of Ihgsa accounts. The Hall has therefore also prgpargd its Indlvidual and consolidated linan¢i81 8lal8m8nls in accordance With 'The Statement of Fiecomm8nded PraC￿ce appllcable lo charities preparlng Ihglr financial statements in accordance with FRS 102, (The Charities SORP IFRS 10211. The accounts aro prepared In accordance wllh the Companles Act 2006 and Charities Act 2011. No separate Statement of Flnanclal Actlvlti8s has ba8n presenlad for th8 ￿1811 alone 88 currently permllled by the Charlty Comm1881on on a concosslonary basls for Ihg flllng of consolldaled flnanclal slalam8nts and relylng upon the exemption conferred by 8408 of the Componias Act 2006 for tha same. The flnancial $tslamonl$ have been pr8pared on 8 golng concern ba818 and on the hlstod¢al ¢o$t ba818, and ar prepared In slerflng, which is the functional currency of Ihg charty. Monetary amounts In the financial slal8men18 arg rounded to tho noar¢st £. At the yaar and, the charfly Is currently had a 8ub8tantlal n8t current liabllily, primarlly due to three loans falling due in January thru Aprll 2026. While raassurances of continuing loan8 from our Bank and the donor involved have bogn rg¢olv8d, formal confirmation of rofln8ncing h88 not yet occurred. The princlpal accounllng pollcles adopted are 881 out below and havè been applled conslslently throughout the ygar. Pro The Gharlty's orlginal property wa8 donated lo the charllable company and Is shown at deem8d acquisition cost. On the transfer from the Trust lo the new limlled company, freohold propf)rbes {wilh the exGgplion of the main sllel were rewvalued at the market value as al 1 July 2014. Leasehold properties owned by the Church Commissioners from whom tho loans wero taken out to purchase the prope111es are revalued each year based on the UK hous8 price indgx for Oxford. The main site which consists of the endowed propety and 3 on slte house$ were transferred 81 deemed aGquisition cost and purchasè cost. Freehold prop8rty Is d&emad to conslsl of land170% of c08tl and bulldlngs130•/0 of costl. Thè land is not belng d8precl8ted, but the bulldings are being depreciated over 50 years. Malor refurbishmgnls to buildings are capilalisod and d¢preclated over 5 or 15 years. 21 Wycllffe Hall Statement of Aeeounting Policies Year onded 31 July 2025 Lea58hold property is revalued annually. and revaluation gains and losses are recogni5ed based on the UK house Pri￿ index al year end. Other Flxed Slgnlficanl fLx8d assets includlng equipment, furniture, r8furblshmenl costs and IT hardware are capllallsed ané depreciated over their estimated useful lives.. small ilams are charged to the income and expènditure account as incurred. No software is capitalised. The depreclatlon rates applled are 20Vf• or 33% on cost. Ju ments and Estimates In th8 application of the Hall's accounlng pollcles, Ihe Iwslees are required to make judgemgnts, estlm8te3 and assumptions about the carrying amount of assets and liabili1188 Ih8t are not readily 8pparent Irom other sources. The eslim8le8 and assoclated 8ssumpllons are based on histono81 experlenc9 and other factors that are con8ld&red to be relevant. Aclu81 results may differ from Ihe8e eslSmatg3. Th8 8sllmal8s and underlylng a8sumpllon8 are revl8wed on an ongolng basls. Revlslons lo accounting ¢sllmotès are fecognlsed In the year In whlch the 6sllmate18 r8v586d where the revlslon affects only th81 yeaT, or in the year of the revSslon and future years where (he revlslon affects both current and futur8 years. The followlng Judgements have had the most slgnlflcanl effect on amounts recognlsed In tho financial yt8temenls'. A8801 ValuaUon Asset D&preci8tion and Crodllor8 Debtor and creditor balances are reviewed periodically. Outstanding debtor balances for more than 12 rnonlhs are either wri118n off rf they are b81ieved lo be irT8coverable or provisions are made. Sludenl deb18 are reviewed termly, and outstandlng debt balanceg are referred to the University fee offlce lor further non-payment suspension. CredlloT balances should not be 8g6d for more Ih8n 90 day3. 22 Wycliffe Hall Staternent of Accountlng Policies Yoar ended 31 July 2025 Fund Accounti Funds held by the charity consist of.. Unrestrfcled Gereral FurKls. whlch can be used in 8ecordanc* wlth Ihe d)aritable 0148cls al the di8cretion of the Injstees. Endowment Funds. which re5uII from capltal gtfts lo the charity and must b8 held permanenlty. Restdcted Funds. which can only be used for partlcular restricted purpos85 vAthln the objects of the charity. Raslrlctlons a￿se when 8pecif18d by the donor or when fiinds arg raised lor portl¢ular reslrlcled purposes. Further gxplanatlon of the nature and purpose of each fund Is includgd in th$ nolos to the financi81 stal6ments. Designalgd Fund8. unrestricted amounts r￿fved whlch havo begn sel aslde by trustees for an 6ssenlial spend or future purpose. nd othèr income Students, fees, rents and conference Inc•)m8 are accounted for In Ihe year Ih vthlch tha se￿0¢& or facillU6s are provlded. Vo unla me Donallons and grants that do not Impose spe￿riC fijlure perfomiance-relale(l or other speclfi¢ condrtlons ar recognlsed on the dale on which the charity has enttllement to the resource, the amount can be rellab measured and the eCOr￿n[C benefil lo the Hall of the donation or grant 1$ probable. Donatlons and grants Subject to Pgrfonnance-rekqted conditKJns arn recognisod as and when those o)ndition$ are mel. Donations and gr8nls subject lo other sPe￿fiC conditions are recognised as thoge conditlons are met or thelr fullilmenl 18 wholly within the control ot the Hall, and11 is probable that tha specifled condlUon8 wlll be mel. Legacle8 are wognls8d followlng grant of probate and once the Hall has recelved sufficlent InfoThallon from the executorlsl of th9 deceased's estat6 to be satlsfiod that the gift can be reliably measured and that the economlc bgnofil to the Hall Is probablg. Oonalions, grydnts and 18gades accruing for the generdl pu￿9&8 of the Collego ar8 ¢redlled lo unrestrlcted fvnd8. Donations. gran15 and legacies which are subject to conditions a$ to their use imposed by the donor or sel by the term$ of an appeal a￿ Credited lo the rn￿vant ￿$trICted fund or. where the donation, grant or legacy is required lo be held as capblal, to the endowment funds. Where donations are received In klnd {as disllnct from cash or other monetary awtsl. thay are measured al the fair value of Ihose assets at the date of tha gift. Where donations are received in kind {a$ ¢Jistinct from cash or olher mnetsry assets), they are mèasured al the fair value of those assets at thè dale of Ihe grfl. Expenditure is accounted for on an accruals basis. Certain expendlture is aprxyboned lo cost categorles based on tho esllmaled amount ottributable to that actNty In tr*e year on a ￿me basts. 23 Wycllffe Hall Statement of Accounting Polici•s Year gndod 31 July 2025 ralln 18as8s Rentals appllcable to operatSng bases are Charged to the SOFA over the year in which the o)sl Is incurrod. fin d Benefil Pension Schem Wydiffe Hall participates In the Church of England Funded Pensions Scheme for slipandiary d6rgy. This scheme 1$ administered by the Church of England Pensions Board. which holds the a58ets of the s¢heme8 sepaTalely from those of the Employer and the other part6c#p8ting employars. Each partlclpallng aM￿0Y&r In th8 8d)ema pays C•)ntrlbutlons at a c¥Jmmon contdbuuon'rate applled to penslonabl8 stipends. Th6 gcheme Is a multkmployer scheme as desc¥ibed in Section 28 of FRS 102. Thls means il is not possible to attribute the Scheme's assets and liabililies to specific employers and that contributions 8re accounted for a8 if the Scheme ware a deflned contribullon sch6me. The p6nsions cosls charged lo Ihe SOFA in the year are contrlbutions payable towards benefits and expenses accnjed in that year plus any impact of deficit contrlbutions. In addllion. a Ilability is rocogni$od at the balancg $h801 dalo for the dlscounl8d value of th8 expected future conlribullon payments under the agreement vAth thls muttl•employeT scheme lo fvnd the past Wycjlffe Hall also operates a defined contributlon pension scheme. Contribulions lo Ihls scheme are charged to the SOFA as they become payablè. The p8nsion charge for the y8ar includes employer contributions of £236,38712024.. £224,025). Al the year•end £0 {2024.. £0) was aCCnj￿ in respect of contrsbutions to thi8 $Gh8ma. 24 Wycllfv Hall Notes to the Flnanclal Statements Yèar 8ndad 31 July 2025 1. 2024 Comparatlvgs for SOFA Unrostri¢t•d Restrlctèd Funds Funds 2024 2024 Endovmi•nt Funds 2024 Total Fund$ 2024 Income and endowmènt8 from charltabl• actlvltl•• Teaching, research and residential ' 2,615,995 2,615,995 Donations And legacles Tradlng Income Bank and other InleTest Olher income 281.817 554,803 838.756 1,120.573 554.803 Totsl Incom& 3 452.615 838 756 4 291371 Expondllurg on Goneratlng funds: Fundralsing and publlclty Trading expenditure 251,635 212 215 463,850 .2S1,635 212 215 463,850 Charltable expendituro T¢aching. re¥ear¢h and residenllal 3,728,974 659,036 4,388,010 Total expendlture 4 192824 659 036 4 851 860 Not Incomè l (èxpondlturel {740,209) 179,720 {560,489} Translèrs be￿68n funds Surplu8lDeficil 740 209 179720 560 489 Othor r•cognls•d galnsl{10¥888} G81n on rév81uallon of flxed as8el$ AcluarlÈl galn31llossesl on deflned benefit pension scheme 1231 {23) Ng1 movoment In funds 740 232 179 720 560512 The 2024 comparative SOFA covers 13 months perlod between 1st July 2023 and 318t July 2024. 25 Wycliffe Hall Notes to the Financlal Statements Yoar ended 31 July 2025 Income from CharEt8ble A0t1￿lIeS 2025 Total 2024 Total Unrn$trlctsd Rastricted reachlng & Rw4oarch Teaching fees- ordinands Teaching fees- Independent students Teaching fees- visittng 8tudents Other academlc income One-off loan Intarest refund Residential Income Less.. Bursaries & fee walv8rs awardad 747.385 726,350 9,400 130,890 747.385 726,350 9.400 130,890 559,379 622,259 83,267 147,259 133.114 1,094.467 123,7501 1,040,832 149.7501 1.040,832 149,7501 2 605 107 2.605.107 2,615.995 Analy81• of expendlturn 2025 Total 2024 Total Dlrect staff coJt• Other dlroct Costs Support cost8 Exp•ndltur• on gfrneratlng funds Fundraislng & publlclty C08ts Tradlng costs Total axpendlture on 9ènerallng funds 199.439 232,669 432,108 228,454 251,635 212,215 199,439 461,123 660,562 463.850 Gharlt8bl• •xpendlturn T8achlng, r88earch & re81denllal 1597801 1797 240 1,214 848 1675 971 1016,364 1016 364 3 829.013 4 489 575 4 388 010 4 851860 Support ¢08t• 2025 Totsl 2024 Total G•neratlng Funds Toachlng and Ro8e•rch Flnanclal and domestlc admln 602,563 112,004 201.680 88,706 11,411 1016.364 602,563 112,004 201,680 88,706 633,108 143,142 210.309 116,174 OepreclatIon Bank Interest payable Other finance charges 1,016 364 1.110349 26 Wycllffe Hall Not08 to the Financial Statements Year ended 31 July 2025 Gov•mance Costs 2025 Total 2024 Total Unre$trlct•d Rest￿l¢led Audltore remuneratlon: Audll Fees {Wycliffe Hall) Audit Faes Iwycliffe Hall SeNices Ltd) Audit F&gs IWyclrfFe Hall Developmènt Lldl Taxation Services150Vh each lo Servlces and Dèvglopment companl681 8.400 3,250 3.250 1,820 8,400 3,250 3,250 1,820 16,209 3.174 Other servlce8 Taxation Servitss 10.194 10,194 10.067 Oth•r govgrnanc8 CO•t•: Hall Counc51 844 844 5,315 23.632 34.765 8. Staff c￿ts 2025 Total 2024 Total Unrestrlctsd Restrlcted Gr088 Salarles Redundancy Pay Empk)yor's Nl Pensions 1,440,239 281,553 1,721,792 1,690.406 140.872 196 668 1777 779 32,518 173,387 236 387 2 131 566 168,515 224 025 2 082 946 353 787 Average number of staff 5S 48 The above flgures for the average number of 51aff ar8 for those 8mploy8d on a regular monthly ba81s, whalhar full tlmg or part tlma. Tamlnatlon costs In th8 year totalled £012024.. £01. In addition, Wycllffè Hall pays Indlvlduals on an ad hoc basls lo perfomi specific tasks. The costs of thes8 Indlviduals are met through the payroll and inGludod in the gross sal8rt6s shown above, though not the figures for staff number8. yv￿lIffe H811 also makes the followlng payments whlch are not Included In the above flgures: a. to IndlvSduals for dellvoring1gGlure$ and tutorials and marking essays £36,52812024.' £53,917) b. to a third party for the costs of the ￿taring and cleaning staff £166,54412023.. £149.939) c. to a third party for th8 Costs of IT and Admin staff £54.95612024.' £61,370) d. to staff relocalkjn and1Sf8 88surance £21,51712024'. £31.5141 The number of employees durlng the reportlng year whose gross pay and benefits (6xdudlng employer Nl and P9n$ion Gonlribulionsl falling within the followng bands was: 2025 2D24 £60.001- £70.000 Key management 8re mambars of the Senior Management Team as disclosed on page 2. The total romuneralion paid lo key management was £313,44012024'. £369,532) (inclusive of employerfs national insurance and pension costs). {Tho Bursar position was vacant for half of the yearl. 27 Wycllffe Hall Notes to the Financial Statomont8 Yoar ended 31 July 2025 Tanglble Assets (Group and Company) Freehold Property Leasehold Equlpmont Prop¢rty Total Cost Ag al 11t August 2024 Additions Disposals Revaluation Gain As al 316t July 2025 11.750,415 14,350 2,152,976 288,921 26.518 14.192,312 40,868 8.611 14 241791 11764765 2 161587 315439 Dèpreclatlon As 811ui July 2024 Charged In year Impalrmenl 1.973,482 160,443 159.583 41.050 2,133,065 201.493 R91eased on dSsposal A5 al 31•l July 2025 2 133 925 200 633 2 334 558 Net Book V8luè 3111 July 2025 9 630 840 2 161 $87 114,806 11,907.233 Nel Book Vdue 3111 July 2024 9 776 934 2 152976 129 337 12 059,246 Leosehold property Ifomially identifi'ed as treehold propetyl owned wllh equity mortgages 15 revalued annually using an appropriate house price Index. The lotsl of the carrying forward balance of these propertles amounts 10 £1,244,100. 8. 8ub•ldlary Und•rtaklng• Wy¢llffe Hall Servlces Limlled IWHSL) and Wycllffe Hall Devfrlopm8nl Limitèd are both 100% controlle and managed by Wycliffe Hall. The registered office for l)oth companles Is the same a$ for Ihg main charity. The tradlng 8Gtivlli¢$ of Wycllffè Hall S•rvlc•s Ltd (Company number 085725731 comprt8e ravenue from m8n8glng commercial acuvities Sn support of Wycllffe Hall's overall oblecllves. The results ol this subsldiary and Its as88ts and1Sabililles at year-end wgro a8 follows.. 2025 2024 TLtmover Expenditure Result for the year 4S4,080 230,646 223,434 506,574 212,216 294,358 Tot81 Assets Totsl Liablllues Net A88elsl{LlabllS1iesl 299.193 300 759 1,566 284,088 259 730 24,358 28 Wycliffe Hall Notes to tho Flnanclal Statsments Year ended 31 July 2025 The trading aclivlties of Wycllffo Hall Developmgnt Ltd (Company number 11104464} comprise advllies related to belng a building conlTrctor for Wycliffo Hall. Tho r8sulls of this subsidiary and ils 'assets and liabilities at year-&nd were as follows.. 2025 2024 Tumov8r Expendltu Result for year 756.729 1750,306) 6,423 6.985 {10.0681 {3,083) Total Assets Total Liabilities Nel Assetsl{Llablllll881 49.931 151,9841 12,0531 4,256 112,7321 18,476) Share Capllal & ReseTVe8 Profil and loss account 10 {2,0611 {2.0531 10 18,486) 18.476) 9. Dobtorn 2025 Group 2024 Group 2025 Company 2024 Company Trade Debtors Owed by group undgrtgklng¥ Prgpayments Accrued income 222,480 151.368 211.946 234,590 32.020 103,003 95,143 28,625 32,932 29.513 197 043 377 924 344 388 567 552 399,418 10. Credltors dua wlthln one yoar 2025 2024 2025 2024 Group Group Company Company Amounts falling du8 wlthln onè year.. Credllors VAT PAYEINI A￿ru918 Deferred Income RBS Mortgages Prlval8 Loan 38 Harpes Road 511,433 2,102 46,910 136,536 133,069 1,210,000 300,000 473.869 499,068 430.355 41.567 46,910 121,231 129,148 44,911 16,649 1,210,000 300.000 137,367 92,966 2,340,049 2 263,687 576 1 S1 29 Wycllffe Hall Notes to the Finaneial Statements Year ended 31 July 2025 11. D•f•rred Incorne Deferred income comprises of deposits relallng to conferences not yel held, rent recoived in advancg and deposits held. 2025 Group 2024 Group 2025 2024 Company Company Balance al 1 August 2024 Amounts roleased lo Incoming resources Amount deferred in the y6ar Balance as at 31 July 2025 92,966 192.9661 133,069 133 069 102,465 {102,4651 92,966 92.966 16,649 26.090 116,6491 126,090} 44,911 16,649 16,649 12. Credltorn Amounts fallino duè aftèr ona yoar.. 2025 Group Jnd Company 2024 Group and Company Royal Bank of Scotland Mortgogé8 Church Commlssloners LSabillt1è8 Prlvalo Loan 38 Harp88 Road 1,210,000 2,129,861 300,000 2,138,904 2.138.904 3,639,861 Long term Ilablllty rn Proport108 Pur¢ha$od wlth Loans from th• Church Commlsslon8rs Comml$$lon¢rs' Equlty Sharo 202S 2024 13 Hareflelds 121 Hareflelds 11 Pennywell Drive 8 Marrlol Close 14 Sparsey Place 100% 95Yo 100Y 100% 100% 460,848 437,809 372,759 325,326 542.162 2,138,904 458,908 435.961 371.169 323.925 539,897 2.129,861 30 WyclSffe Hall Notes to the Financial Statements Year ended 31 July 2025 Outstanding Loan Value on Propertles Purchased with Loans from the ChurGh Commlssloners 13 H8refiekl8 121 Harefields 11 Pennywell Drive 8 Marrlol Close 14 Sp8ryey Place 80.0(N) 82,0 83.01)0 67.000 83.OLI) 395,0(Kl Tho totsl origlnal value of the Church Comml8gbner8 loan amounts to £395k. The Interest ral6 on th888 10ons18 Set at 3% or trat￿n9 Bank of Englafyj ba86 rnte If It should fall below 3%. Royal 8ank of Scotland mortgagei There are tsyo Inlereslryonly mortgages wlth RBS, each ol whlch 16 secured by a legal ch8rg8 on 8 Norham Gardens Inel book valu8 of £1.867.0￿).. £960k (2024: £98Okl repayable In 2026,. the interest rate is 1.25% over Bank of England Base Rate £250k {2024: £250kl repgyablo In 2026; tho Intorest rat918 2.37% ovar 88nk of England 8a88 Rat6 13. Contlngenl Llabilltle• The foll¢)wlng grants are repayable to the An*bisI￿pS, Coundl If Wydlffe Hall ceases to be rewgnl8ed for ordlnation IralnSng by the House of Blslws: . 1964185 1977179 2013114 Impfovemenl Granl 6,000 Fire Precautsons Work Grwtt 16.243 Flre Alami Upgradg Grant 10.O¢XI 32.243 31 Wyclyffe Hall Notes to the Financial Statements Year ended 31 July 2025 14. Anatysis of Funds12025} General Fund Capital Fund Pension Designated Restricted Endowed Reserve Funds Funds Funds 2025 Total Tangible Fixed Assets Net Current Assets Loarkg Penslon Provislon Total 114,806 11,232,427 560.OfXI 11,907.233 (1.595.227) 689.820 1904,4071 {2,138,9041 (2,138.gMI 1,480.421 9,093,525 689.820 561.ot 8 863 924 Analysls of Funds12024 ComparatlveJ} G•n•rnl Fund CJplt•l Fund P•nslon De•lgnatsd Ro*trletod Endowgd Re•eTV? Funds Funds Fund$ 2024 Total Tanglble FSxed Assets Nel Current A3$ets Loans Pension Provlslon Total 129.338 11.208.436 161.471 560.000 12,059.246 1.377 416,910 419,286 13,639,861) (3,839.861) 130 715 7568.575 578 381 561 000 8 838 672 32 Wycllffe Hall Notes to the Flnanclal Statomont8 Year ended 31 July 2025 15. Rostrlcted Funds Openlng Balanco In￿mIng Funds Outgolng Transfers Funds Closlng Balanc• Staff-related Visiting Academics Research Fellow- Animal Ethics Junlor Research Fellows Tutorfal Fellow- Mln18try and Preachlng Tutorlal Fellow- World Chrfslianlty 151,554 169,401 70,892 105,000 155,1241 178,850) {133,0071 201,430 90,551 101,137 163,252 99,419 68.218 183,203} 84.434 40,356 132,327) 8,029 Stud6nt-rnlat•d Overseas Support Fund Theojogy for All Prlncipal's Discrellonary Fund Mi88lon Fund Jennl Wllllams Book Fund 8ugGhnor Prlzo$ 5,742 9,635 979 5,589 371 2,193 5.742 48,383 689 5,589 371 2,193 283,640 (244,9121 12901 New Ronal8sanc04•1at•d N8w RenaSs8ance Prolact Theornou8ik08 30,221 58.210 37.078 185,7351 13,2991 2.696 33,779 oth•r8 Developlng 8 Chr1811an Mlnd Doctoral Scholar In Chr18tlan Ethics Abrahamlc Thelsllc Orlgln8 Prolecl (ATOP} Wycllffe Roseorch Fund 32.384 87,531 30,107 {51,3781 (19,7671 88,537 10,340 198.226 1181.0531 17,173 12,000 13,2331 8,767 578.381 1083 618 972 178 689 820 staff-R8latod Fund8 The Vlsltlng Academlc8 fund was Set up to meet the c08ts of brfnglng academlcs of note to Ihe college and supportSng their leaching work. This18 currently supporting tha work of our Senlor Research Fellow Professor NT Wright The Research Fellow Fund supwrts the work of 8 research tellow carying out work Anlmal ElhScs. Tho Junior Research Fellow Fund supports the work of an Increaslng number of JRFS. During 24125 this Included JRFS carrying out advanced research in English, Literatu and Theology and In New Testament Greek. The Tutorial Fellow in Ministry and Preachlng Fund alms lo provlde thr88-y88r fundlng ror thls lulorfal role whlch b8gan Sn January 2024. Tutorial Fallow in World Christianity aims lo partially furbd an gxperienced theologic81 educBtor to train ordained and lay18ad8rs for th8 Church, for the acad8my, and for wlder roles In socl&ly. It also provides opportunlty lo travel to develop our global relatior￿h1p8 In the majority world. 33 Wy¢llffe Hall Notes to the Flnanclal Statements Year ended 31 July 2025 Sthdent-Related Funds The Overseas Support Fund involves funds raised initially by public appeal wilh recent donations coming from past and present members ol the Hall. Its purposo is lo bring Church ￿ad￿rS from the Indlan sub-continent and East Africa to the Hall for study and research. The Theology for All Fund provldes flnanclal 8UPPOrt towards fees 8nd malnlenanca for up lo & number of UK basèd students èach year from under-represented or dlsadvanlaged groups, wlth the opportunity for awards to be ren8W8d for th8 duratlon of a student's tlme at Wycliffè. Durlng 24125. 8 students benefited from thls bursary {2023124'. 14). The use of the PTinclp81'$ Discrelion8ry Fund18 at the absolute dSscrellon of Ihe PfincSpal. In recent year$11 has baon used to meet cases of hardshlp The Mlssion Fund flnances Student missions in the UK and ovarseas. The Jenni Wi11Sams Book Fund was Set up to grow th8 amount of Iheologlcal work8 hgld In the1Sbréry 8va118bla to sludont8 by f8mBlè author8 Two 8uechn6r p￿288 have been 88t8blishgd for whlch all current students of the are eligSble to compete, one In rel&tSon lo prea¢hlng and the olherfor creallve theologlcal wrttbng. "Nfjw Renal8*an￿,.R•latOd Fund8 These funds ware e8tab1I8hed 10 8UPPOrt partlcular aspects of tha Ngw Renaissance Prolecl aimed at fosterlng a new ren81888nca of Chrlstlan scholarshlp and culture. The el8ments of Ihl$ fundlng wlll change a8 th8 project evolves. Themou8ikos Is a unlqu8 Iormallon 9xpeTience, largely lunded In Ils early 8tago8 by the Church of England's Resourcing Ministry Fund IRMFI, ¢ultivaling theological depth, 8rtlsUc excellence and mulli-dimension81 diversity in congrega￿Onal muslc and worship musSc leaders. Othgr8 Devgbping a Chrfslian Mlnd18 an Inlerdl8clpllnary 881 of conferences led by 8&nior Oxford Academics for whlch Wyclrffe Hall provides the institutional and financial base wllhln the Unlversity of Oxford. The Fund Is admini8larèd by Wycliffe Hall and can only b9 SP8nl on DCM approved Inltlalves. Doctoral Scholar In Chr58￿an Ethlcs. is funded by Verilas (USA) in order to complete th8 post holder's doctoral work developing a thoology of the University, and considering how Christian 3cholsr8 ¢8n Intègrat8 th&iT falth and their rese8ich, and best contribute lo academla. Abrahamlc Thelstlc OTiglns Project {ATOPI is supported by a generous grant from the Templgton Religion Trust ITRTI, and will explore the question of how the Abrahamic faiths (Judalsm, Christianity, Islam) and the evolutionary sciences meet, bringing tooelher scholars from these three falth traditions for workshops and colloqula. 34 Wycliffe Hall Notes to the Financial Statements Year ended 31 Juty 2025 Wycliffe Research Fund Is lo support tulorial staff on re88arch activjtss. and is fvjnded by the University's REF income. Designated and Endowmènl Fund8 Oponing Balance Incomlng Funds Outgolng. Funds Closlng Balan DO￿gnated Funds No Doslgnated funds are e8tabli8hed in 2024-2S. Openlng Balan¢• Incomlng Funds Outgolng Funds Clo•lng BalJTr¢• Endowmonl'Funds 561.C 561.¢ 561.000 By a scheme dated 16 De¢ember 2014. (he Charity Commisslon appointed Wycliffa Hall 88 801e corporate trustee of the predecessor trust Wycllffo H811 Icharity number 3097031. This induded transfer of tille to the Hall's maln buildlng 152-54 8anbury Road) whlch 18 a pemior*nl en