Charity registration number 1191763 OXFORD EVANGELICAL PRESBYfERIAN CHURCH ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
OXFORD EVANGEUCAL PRES8YfERIAN CHURCH LEGAL AND ADhlNISTRATIVE INFORMATION RevAThlrew YoL* Dr Neil Man Rev Thomas Huth"rys Mr Jamos Horgan Charity nmbOl 1191763 PrIn¢l1 •ddrg North Gate H 18 St Micl)ads Str••t OX12DU Awditor XeirwlinAuJrt Lkl 5 Ilobkn Hood Lane Sutton Surrey SM12SW Bardays 8ank p 54 conm•1 Str Oxford OX13H8
OXFORD EVANGELICAL PRESBYfERIAN CHURCH CONTENTS Trustees. r¢pon Audiiors oport
7 Slalement offinawol a¢M Balanc• sheèt statwl01 cash 10 Not•s to fmanual statements 1144
OXFORD EVANGELICAL PRESBYTERIAN CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 T Tw$tso5 present theiramual W aryj ffinancI slaryEnts forthe y ended 31 Oeimb¥ 2025 Th• fin8nt?al statwnenls have be8n prepar•J in acurdanc ith ts aontirj w4i¢i05 Sel 01 in nole 1 Its Ihè finanaal slalements and uJmY wlh the church's ton$b"tIOn. lh• Charstioskt 2011 and'Ac¢owMg and Reporting by ChaM"•s stement of Rewmwndgd PradKe 2019 applibIe to ¢hariis prgpariThJ their accounts in ac(t)rdance with the Finwcial ReporhTrJ Stwdard 8tfA¢cth in ihe UK aTrJ Republic ol IralaThJ {FRS 1021" leffectivp 1 January 20191. Objedws •nd acdtltl08 The objecl ofthe chwch thp adVcenl oftt ChrÉiian tsith fr)r ihe beffi1 ot the pubk in 1rdance wlh Ihe Statefflenl of Farth wBrxled to ourcharity ¢$.1n. Oxlord Evangelic Prestrylen"an Churth is a fenwshp of Chiisliw$¢mnitled lo folwin9 jes Chiist A¥ a 8ibb- ba Churth. take scripttK•s ol thè afid T•stamènts as tyjr njlè of larth and pra¢tie•. As EvangelrAI Churth, are cenlred on th• ge¢d rthvs thai J•su$ thst has Cthie thvj th• world 10 save p•ople their sir and to resto Ihem lo a &tiOnsh wlh GOJ. As a Presbyterian Ctsjrth. we uphohj a rep¥esenlalibp forn of Church government. our belts aling ¥0 li lrn ryih ow Iwst¢ic trdina Standarf - the Kbslminsler Corthon ol Faith and its assooaied Catethsms. We are a IrErKIty Church. wek¥Jmry any0r W13 to folky, or to find out ab)ul foll(Mirg, knus ChrL meet regularly for public wNsl¥"p. si, aruj pra)r. as wel as hobjing desKjrt to $trenglh¢n our communa life aj tAkome toMers. seek to wthh)n$ of or h¥d$hip where¥er possibl¢ in li vrith b)Iral pr•Kips. Pubhcbenefil The Trustees have paid duo to 9an¢t Chanty wi docJiTvJ whai a¢thvth'O6 the church shoukl undert•. nècessary. and e¥etsalty whwe finan¢Jalty woighty matters have been bef(xe us. w• have sought prthss1oTh ad¥e. and have erJ8avoured n al our th to inplamenl Ihe r8cornfflendabo m1¢ to us at the Trte¢ traing evenl arra and attended In Jure 2024 SlgnifKanlAd¥itivs and A1•M•nth A9•1014•¢11¥ Thè Church m8•ts for the pubh"c worship nK)mirvJ eveniThJ every SuNlay and for Bible stthly arKI prayer on rsday evening$. The58 meelings are &er by our Minister. Re¥Ar YouTrg. ated by our eklers Rev Torn Hulching$ and Rev Dr N"1 malTr. IAÈwete aboenabw by dethated exiemalgffts to offer a one-yearAssistant Minist•Tship a new member of our Presbytery. Rev Gath fks. eand our mtemship prfrJramme by adding • male studenl and evaThJelwi Iniewn. Jonalh3n Clark. to ourlen The churth has coThbnu•d 10 hold •v•nts fty f•H¢y1p ar#J c4)munrtyjm9 7ring •nd share. SUe$ women's Bibk artd meet up men's gei-togeihers. a youlh group. rewlar ¢hihlren'8 SuThJay dubs. and a Vèry4well-atteThSed chibjren's holday dub The churth contiThJ8d lo offer an excthng range ofwomen'sevents in 2025. direeted by our womèn's work•r. Robin Pit•. ar¥J uichythng Bib Sluds. SLKkg1 ovents. and an ovemght retre Marking a renowed locus on s•Nng young f•$ of Ihe rtwr¢h. haN been IhnlW Ihewami recepi that has greet our Frbjoy luhti ev8nlfL¥ mums and yow4J chibJren,'stay and Flay The thurch continue5 lo be deepty in¥ol¥ed in 51udent ljuwgh oui grtywirvJ student m¥)Isiry'Rt)oted . aThJ also through ¢ollatNation wth Christian sten1 9rcws m Ihe cty. Oxkffd interD)Ilegiate Chrtstian Union ha¥ onl¥iued trj use the North Gate Hall for Ihew le9aT TheSday nb3hl'Equip' even15, as well as lor momiThJ prayer meeimgs. Friday nchbrI evangek kS f$her$ welcome events. arxj as a base for their amual. outreach- Ihemed 'Events IAek.' The thurch COn're5 lo actNely support the [k of a loca chanty caled &L•ss which f/uits and deploys graduate students as ffleniN5 aTrJ encOuw3rnOn9 urthgwads Oyfryd EvangelKo1 Presbyten"an Church seeks kn sjpt those In need lx hdSh in ways - materialty wh•1• appro)ii•te. aMI also spirit1ly. Thisyear habp conbnued to offer wadical and pastoral support to laml and indiwdual$ in the church, esFecHlly Ihose ith rW babw, those Strling wnth lack of eMoYm)1, and those experiengng bgreavefflent.
OXFORD EVANGELICAL PRESBYfERIAN CHURCH TRUSTEES, REPORT FOR THE YEAR ENOED 31 DECEMBER 2025 Sine• b•coming a CIO m January 2022. the has ojnlinued to matUTe operalv)naty. 2025 mathed a 5uDrficant slepforwaidwith Ihe $uxe$$fvl ltment of a lultwne OweclorolOpBrabon5 OurpDDI of DBS-the(ed and trained voluniaérs for chilJr•n'$ xti¥rts has tnd lo expa1. have further refined our gubjelines for hiring out th• North Gat• Ham to third partes as demarnl has inggased are Èeginnry the pmentatIOn the popular commtmty management sofNvare.'Chwth Swt8' as¢ In th15 krgerdrive towatds w)eration$ maltwrty, a$ well a8 provMn9 mernber5 of ihe tJ1¢h wlh lof InraclK)n wrth the staff team and with one aTroth8r. In Marth 2025, after an extraordwwyJoumeyolw¥tth"rs G(xJ atTr1( aj 9enerous external gi¥iTh9 nv)livated by th• 5tratsg 5vJnifKance of the woik. Oxlotd th$byte Church was enat4ed to purtha8e the frèèhold of Ihe North Gate Hall fv¢m Oxford City Counol The Trltslees woutyj Ike to reco¥d thr giatrtLth to a host of exlemal pathers for th?ir advi aTrJ encourzgemenL induduw ¢ur property Wer Paul Murray at Kni9hts.' tyjr charity lawyer, Bèn Boume at Elli5 Ferrnor and NBgus. oul kxoperty negotiator, P1 Cooper al Btown, Cooper, and Marpks." th Philanlhropy ServKe$ Team at Slewardship. aThd the accowtancy aml lax thams ai JcsNtxounn1$. The purchase of Ihe propÈty deared the palh Jr an nbrt)us wogramm• of fiJndrnismg mnovation works. ieginning to enacl Ihè architectwal vion that gupaed through the pro$$ of bpjding for Ihe of the mIding back In 2023 Workm9 wilh Quinlan TerryAr¢hrte¢ts. Oxford Preservabon Tru¥l. 8WAQuantity Sur¥¢yor5. and- after due conSh1ernt of the cyb)ns - svthChg rna contractor Kingodto to Barr Build". stnKlural works in the basement commenced Apnl. aimèd at rrta the * tslobvs hall that originaw seTred the Melhodist congreg8tion iwjilt thè North Gato in Ihe 18705. whie upJatsrwJ and facikns to siandafds. The thUh n•gotiat¢d a genemus finanoal faokty wth Ilatal ChtiaTr Foundation Ur¥bJ Stat8s to cover Ihe co8lofthese wVrkswhfdrsirWas orMJL¥rvJ. lThthgexposwe t¢ ng ierm repayments toan annualamount caFvd al ihe Same cost ofthe rent e¥u$l paJ as leasehobkn. trj ewe bLKlgel neutralty lor lh• works. In the ctyJr5e of fundraising lor the purd)ase of the Nfjrth Gale Hall. 9ererou$ don(8 also establi$W 8 hohli company t¢ pur¢ha$e the Ims ase f¢v the neighboufiTrJ oifKe bvildir¥. Union House. with a lo making il availab to the church and its partnèts for Chrisban pmJe¢ts After detaikd disGvssK>n$. and ¢hang8 of use annirvJ cortsant. rt was aprwj 10 l•as• 415 of tr avaAable space lo %tnster Seminary UK to seNe a5 their new base. kawn9 115 of the space as lo b? leased by th• thurth. Frt out worts to Urtin are expect8d io from March . August 2026 and e try fuThJed by the hIng D)mpany and the Serninary. In th• inierim. Ihe church hav• efft gr•leful fy of un hrMJ5eas an office spaca ourgrowThg teaffl and as a ba$e for midweek Mee9$ ond 8 rygth¢ LMI SuThJays Flnanclal reviow Total Orne for the yearwa5 e4.460 199 12024. £1.020.3301 ¥th iotal 8XFnthth of£611.64512024". £1.026.7711 ulbry m a surplus for the Y of£3,797 45312024 deknt £5.7661. Total funds al the eThJ ol Iha ar wam £4.205.364 I>J24 £407.9111 of £3.085,S53 We unrestrKled fur¥Js 12024. £328.3251 and £1.119.811 T• mstrthd t2Wd4 £79.$861. R•••ThM pol5¢y It 15 the polw ol the thurth that w$In¢le whth hgve nol been des¥nal8d for a use should be m•nlained al a le¥el eQuanI to behn three aThJ months Thè Tru1•5 consider Ihat resefves at thi$ wnll ensu that. In the evenl of a sb3nfficanl drop lunding. wll be ab to coniinu• th• ¢hurch6 current adivities while cOnSerab0n Is gven to ways addthonl fvnds may be rai8ed. Thi$ kvgl of re58rve5 has been mainiaird throwout year stlr•. govgm•nu •nd mamgemènt The (ur¢h became a Charitable IncorwThted Oryanal (rEgllddty nutythr 11917631 M 15tJ8nuary 2022. and the assets and liat41 asscK4aled rts extste as a olarrt¥bl• trust wer tralered to Iho n entity The Chantsble Trust ha$ now been wound
OXFORD EVANGELICAL PRESBYTERIAN CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The TffusteesWj served the up ID Ihe of s9naly ofthe ffftanixl slatwents re. R•vAndrew Young Dr Nod Marbn Rev Thomas Hutchirry5 Mr Jomgs frhjrgan Trustéès wlh Suitab •xp•rnc• * $PFled by rnaiffjf vth• at th• anThAlg•n•rnl m•trts'ng ApPrtPf1a training d indudty)n B 9Nen. The day.to4ay activit of h)e crth are car1 oul ty Ihe Inle8 staff report b) the Truste8S Th8 Tw5te85' report wa5 approved by th8 Board of T1885. Pr•n¢iMI RMik8 and Uncert•inli Th• prinopal nsks to th• chanty in the eonwn9 y8arcontty to be assLWd wth our ambi1$ rnstwatson plws f the North Gote Hall. rin9 resourc4s an ¢ydr of magnitude gweater than nonnal oFeratsry costs The Structural partsof Ihe buikjing prqect are ncrcOrnple and grateful forthp coOperan aTrJ ConshIeran ol wr nVghb0u on all des. maIsh by reXcellen1 Paty Wall SurvEyor5. Anstey HDrne Undwpinning works for Ihe neighboumg hotelvme compted gn(x)tNy and new IvJhWahl tknDrollhe chaw was $wfvII in5taled. irwjeded. arJ lesled before doswwJ wortrts began. The Trustees are graleful to the host of external experts and delicaled traLle$pe whts have rnJe these wrNks rM)ss. Beyond Ihe extrnordinary wryks takirg pla¢• on the the day4oday operahons of tharity contm• to b• ¥ubslantialy dependent on 8xt¢rnal lundr•$irvJ and we h8¥¢ continued to DJhNate an 8¥er-wJenir#J pothlio of hJnding lationShipS in ordei to lirnil our exposurt to thanges in Circumstar for indNKual dorf$ Th• building prosect creales many opp(rftunitiesto r•se the profde ofthe Chanty wrth pather churthes. trusls. and phllanthr0pks. and have been able to assernb an emabng programm8 of fuTrJraL51ng cwortunthes for 2026-27 which w8 hope will cgfibnue lo yld substanbal incorne. ctyerry ne&ts and limthg exlerbt lo whith we have to draw on the facl agement de1 abo¥e. Future Plan8 Our rw Dirnctor of (•Attons ts dmaty m8kThJ ty•ai stiJ•s, aSUrer and ac¢4)untants improving the quality of the rnanagwnenl inlomiatiM rnc•ved by the Trustees and to bring a Trew W ol clarity to ow Ine. montloring al donalKn $lr¢ams $wJes ol the Auants. xnpbmenbng donor re and tommunicatsjn protocds. and highlighling nsks 4PWlunrfs. The ministry lrfe ofthe thurch has ¢onbDLEd to coNJre9ab"on4 nLmbws 185 on Surthy morrnn95 and 80 In th8 evenings. ilh a parfKJJlar growth Intw881 amory sknthnts. The g¥ound of the chapel has been at m8xffjwn capaw on se%Trl Swdays aThJ contirn gwDWth reqrS the w0visn of the restor8d Ihwee-sid8d gallery that is uThJer ¢ons1rOTr and which hope open In October 2026 Cr desire to mointsin ol role a pennanenl basis the lnwrtW of cortming to develop the thanty'5 fvndraisng b858 aThJ aL50 Ihe MCe5allon of restored bJthJir%J whth ba on? of Oxlord's rnosl allracbve conference and rnusK perfo8 venue5 when rt ts coryl?ted. We nnue io Invèst Sign1 re80urces m culb¥ab"r#J rtiwsh40s localy internabrffialy Rernuneration Pollcy Onè of thè kèy dernènts ol thè néw "ttor Cp•raknons job desupiion is ts cha¥ our l•muraOn commiitee, impl•m•nting besi practsce In salary plannirbg and adm nir10n Ifocussing on F•rfom)anc• m•n4em•nt. pay re¥ivws bgnGhMa$ FenSeS ben¢fts. MplnCe and and affordabikty lor the mlMIr¥a t•) Thè tru5t••s havè ¢effjmrtted to a rn4ior revitw olour senr mrnstors pay and ben8fits in 202&26 to ensure Ihat tPo plan develoFe(I In emsullatim Charty to 9radualy transfei equrty lh• 0d property whgre hg w.lh hB to as a bonefft in knnd 15 properfy funded.
OXFORD EVANGELICAL PRESBYTERIAN CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Fundr•Wn9 polky All fUrraIsIng 1$ ¢arned Olrt in 0jmplk?T with be51 fi)rrs¥¥j aThJ Ic4lcpAf traditional m81hods. DurirrfJ thè yeor. no prolessional fun¢ats We wpw. aThY mP"nlS fxthisms re rdis•d eonc•ming e4Jr (ufvJraisiig Stat•m•nt ol truste. mponslbllltlos The tsLLstees a r¢sponsJle ts FryariThJ the Tnjstees. ReFyland ihe fina181 stattrments in e0rdance ¥Mth appli¢able law Url&J lQ'ngdtrn ActhJntw¥J and¥ds inckAth"rYJ Finartial Rèpcrtirg Siandard 102.. The Fana Reportiry StandaidappfKle wi Ihe UK RetI of elaTh Iunibj lfjngd(Mn GeneraltyActspted Acaxjnting Prath"cel. The law applitsble to chwiw & wa rewir•s lh• trustees to Prare financaal 5tatwnents for each financi81 ye¥ whith give a true and faw wew of the stale of affars of the charity and ol Ihe irKome and expwvjiture ol the CW lor that FerithJ. In prepar1 thesè rmanti Statèmèr. thè trustees are required to.. selecl suitable 0ni FdKYe5 arKJ ilw y Ihwn c4ThiStentty'. observe the Metrd$ and prirYApks Hi the Chils SORP,. st8tè ththèr applicable acc•9 staThJwds been fOknJ, tle to mtsial deptures disdosed and exr4ned fft thè ffin8rtial siateménts. aThJ prepa the fift8 statèmeNs the gcry COrn basis unth rt is inappropriate to rKesLmè that the tsrity COntirL in lyJsIr. The trustees are reswn5ible row &jntg records disdose with reasonable accur8¢y at ary th.mè thè ffinancial posiknn olthe (hin"ty abIethern lo ensure Ihal Ihefinancial statements comply the Chwilies Act 2011. ChJity (Attlftts Rerts} Re9Llats"cffls 2008 and the provisions of constituti. Tlw are also respon&tde Icw salegwthrKJ Ihe assets of the charity and herte for takin9 reasorwt4e steps for the weverticm 8ThY dele¢lk ol traLMI règulrfi•s. The Trustee5' report was apprtyed by the ofTruses. Dr Nol Martin Tntstee Dale.. 17 Atyjust 2026
OXFORD EVANGELICAL PRESBYfERIAN CHURCH AUDITOR'S REPORT TO THE TRUSTEES OF OXFORD evANGeLICAL PRESBYfERIAN CHURCH Oplnlon We have audited the fiaal statTrents cl Oxtsd EvwhJelr& Presbyteron Ctsxch lts"Charty"I forthe yè¥r ended 31 DeeèmbÈr 225 which CcffisÈ ement of Fntial p1$. thè Balarte Sh9eL the Statement ol Cash Flcws aThJ noles to the fin8nca st8twnts. IaUrIng a sumrnary sigr4ficant ae£wntiNJ poILaes. Tl ffinantyal reportry franork Ihat has aFoI fft Iheir prepar8bon 1$ ¥pplIc Iw and Unrted KwvJth)m A¢¢ounlmg Standards, lUthg Fla1 ReportThJ Slandard 102" The Finanoal ReFKJrts'ng Stsndard 4)plKobk Ihe UK Rwrtjl of Irel {Urwtgd lfjngJ(kn G$ngraNy ACCpt kwrtirrfJ Pracb"cel. n olyni¢ Ihe finarria statemerts. gNe a true and fair ¥w ol the st of CharW$aff•"rs as * 31 Decwnber 2025 aTrJ of its incomir4J resource5 and applratw ol resour$ year end&Y, have been pr¢Wy preparèd Mi rdanc vthh Urnted GentrJty AcLepted ArrAxJnbn9 have been acw(Im wth ofts Ch¥rtiPs kl X111. Ba•h foroplnlon We conducted cw audrt in accordan Internabryl S&ytsds on Al.j IUKI IISAS IUKI and aFfJlcable law. Our responsitsknes vnderlhose stathrds arehJrthwd¢w"Ld intheAuthWs re5pOnwIrtIes k)rth& 0Jrt of the finartial Statem section of ow rewi are indeFeTrJent ol the Charty In aCCordare wth the ethical reqimrements thal we relwdnl to a11 ol ts finan¢o151alerrents in Ihe VK induding the FRC'S Ethical StsrKlard aThJ 1he FKOWS¥)ns available ts smal ents"tS and we have lufflled wr other ethal respjnybll.es in ¥CrdanCe rewreThts. LW8v?Ihatth? aLwJrt WKlenGe we Is Jffiaent and apFwpnate to provJe a our Con¢knlons r•latlng to golng coiicem In auditiry the fmancral statements. we hwe that the truslees, use of going ncern l)a5i$ ol accounting in the preparaC of the finarKial 51alemts is approwale. Based on the wcrt we have perfc¥med. we have Kntffj&J menal rt."es latThj Io 8vent5 or condthns that. indimdualty ¢y collethvety. may cast Signffiwl d¢xknt on Ihe CW s atslity to conth.nue a$ a gNj coeM ol at leasl 12 nThJnths frcffi aTr>al statemenis we aLthrised for issue (hjr responsits"lrties and the reSF&s of th& tiustees resFect to gcirrfj corThn e descri in the relevant Sec9 of this retyl. Other Infomiation The other infMa.9n comww Ihe infOrMatn the annu& reF¥)rt. indIng the trustees. report, other than the finwcial slaiements and aKht(S repyt ITr[n tru5t8es are respon51ble for Ihe other intJrmalKJn ¢taIned ffithin the arJa report OF4nion on the finala1 staternents dces notcover the olher forffjabon and. except tu ¢xt¢nt eoJfy teil in cwr rewl. do IKJI ¢xpr¢s$ any lorm ol Our respsIbl1Y is to read the other Infcffith)n in ikn"r¥J 50. cowder t•thets the other foratron is materially irrAnsisient with the f¥wrval stslpjnents obtsmwj in the course of ts autht. olhemse appears to be materialty rr4ssiated Ifwe rnateD InconStencS or appwent materi81 mis8tatements, we are reqLMred to detwnNn$ IIM$ to a maten31 rnisstslernenl In the fmaroal statements Ihernsees. If, baseA cffj the have pth&J. condude that there is o maienal misslalement of this ollw inknnakn. w¢ a re(ri lo le[rt Ihal *t
OXFORD EVANGELICAL PRESBYTERIAN CHURCH AUDITOR'S REPORT TO THE TRUSTEES OF OXFORD EVANGELICAL PRESsERlAN CHURCH È have nolhiThJ to Teport in trms regard. Mottérn on whleh w• ar• r•qulrnd to r•portty •xce In the light of krledge and uThYerstaThJiro ofthe Charity its •nvirorwnaniebtsined in th8 course of the audil. we hwe r1 identified matenal tatents in the tnjstees, POrt. È have nothing to reptyt in ffjsr¢¢t ol Ihe folbywry mattws in relat tothKti the Charities kt 2011 requires us to report lo you if. in our opini¢J)". ad&]uate aThJ proper acLXMting rdS have fKé been l(ert. or retvms adequaie for our aLk1rt hav& not been recéived Ircm branchès visited by us.. c the finartial slateMts are not hi aeement %4iih tr itttsds * rÈtumg'. or certain disdosure5 of Infjlees. reMrati by l&¥ are not made., or we Thjl i¢¢eived all Ihe infwiabon exFlanath)n5E requwe ts our audrt. RfjsponsibllStl•• of the tfusltts As explained rnore fijlly in the tnJ5tees' p151tlitieS 5tatwngnL th& twstges ar¥ 5¥nlb1Q for I eparation of Ihp financK4 5ts1ernent5 and t"ng sats"sfd that Ihey give a Inje and fair view, and for such )ternal control as they detefmine is ne to the fnanual slalemonts Ih¥t arg free Irom [nate misststemenl. d to fraud cw error. In preparing the fjnarKial stalements. Iwuslees ¥¢ i¢spw"t4e fw assessYyJ the Clwity's abilty to conts'nue as a going concem. disclosing, as applic&Jle. matters rdated to going (ncern and using the goirvj ba815 01 accountiTrJ unless the tFU5tees pJfvr wtsKI lo Charty or locease opatr"OnS, or have no iealistlc 8ltemative i1 lo do so. A1110 rtspon8lbllltS08 for th• audlt of tM IlnabxL•l stalwnmls We have been apted as wthtor undw Selli 144 aFwJ le>t vAh the P£t and relevant regulatn5 or hwng effect thwwntsr. Our ObjINeS are to obtan re8son8t4e ab1818r the financial 5temenis as a we are free from material misstatement. whether due to fraud erw. to issue an auditor's repM that indudes o opinion. Reasonable assurarKe is a hvJh levd of 8sswarts. is ncl a gwaranteè that an audit conducted in ¥¢¢ordane• with ISAS IUKI 11 a¥$ deteci a Mate misslalement vhw it exi5t5. MIssteMÈnts w arisè Ircffi fraud Lv ¢rr(¥ aThJ are (sj material if, indivKluty or in the aggregate, they could reascabty beeXed to nflUen the eC¢Thn of users tak•n on lh• basis ofth•s• finanaal 8tstÈmÈnts. The extent to are wrylariti"es. irK4J1n9 fraud 1$ detailed bdw. Based on our under5taTrng oftkE charty. * bknts"fd that risks ncwmph"an¢e vrith laws re9ulalions rdaled to ernploymenL finaro¥ repmiw l&Jithtion and heath and Safety regulations and wè considered the extent lo which non-comF4iance rn11 have a materi effed w IIR finanixal slalemgwts. W¢ also considered ihose laws and regatIOnS that have a (t imp1 C the preparation of the financial Stmts such as ts Charit Ad 2011. We 8ssessedthe $usceptl)ilty ollhechaiiwsfinanciat statements to malwial misstatement. incI11ng obl8irng an underslanding ol how fraud Mht ocojr. by m&kiro erKJiMrEes of management. ¢onsi¢JerMig the inlema controls in place and di$¢ussK)n amcM)gSt engag•nent team.
OXFORD EVANGELICAL PRESBYfERIAN CHURCH
AUDITOR'S REPORT
TO THE TRUSTEES OF OXFORD EVANGEUCAL PRES8YfERIAN CHURCH
W¢ detgrmined that the pnnaP riskswe related lo t¥as in actntI estirnate5, presentaiion
ol separatety di05ed items, c4Jrec Irealment of eXè 0rnde ol
¢onlrols
In resp)nse to nsks Ktsntsfied * ¢WwJ IKYkd. were rnt l¥nited to challenging
sgnificant rdIng e5bmates. ageiThJ finaKial ststemenl dureS to undertying $UPPOrtirvJ
docurnentstIt. ro4wn9 treat1 of I)The aThJ sxwK"ture. thnts"fying and tests.ng iourrAI entnes.
remewiro TnJ5tees' the tharty's irtemal cthtrob.
There a inherwrt limrtabcffls the wccethfes desuthj ato¥e. mr¥e rwn¢•J that 18ws and
regulations are fr(Mn financial Iransacb"ons. Ihe less h.kety Ll is we beme awa of non
OXFORD EVANGELICAL PRESBYTERIAN CHURCH srATEMENT OF FINANCIAL ACTIVITIES INCLUOING INCOME AND EXPENDITURE AccouKr FOR THE YEAR ENDED 31 DECEMBER 2025 Untcle Restricted Fund¥ Fwids 2025 Unmtrlcted Restrictèd Funds Fund• T¢)tsl Toial 2024 Income Irom.. Donations and Ègaries Other incLJme 337.125 7,375 4.115. 4.452,824 7.375 $14 912 4.750 1.014,662 5.668 Tot41 kn¢(wn¥ 4115699 1020 330 Expendlturo on: Charilable ath"wties Funthaising activits Total Expenditure 354.045 180.108 534.153 57. 77.492 237 494 611 645 &$5.257 639,404 994.É61 374161 640 649 1 026 771 Net Incornel(expendlturn) 129,6511 3M78305 3W8.554 134.458 (140,8991 16,4411 Transfers betsen fvnd5 19 2.637. 12,837.9601 (153,1421 151142 Other re¢conised gains and b)ss•s Exchange gr00SSesI 11 51,101 51,101 675 675 Net In fvnd• 2.757220 1.1>40225 &797A53 1110091 12,243 15.7661 Reilla of BalarS at 1 January 2025 328.325 79. 407.911 67.343 413,6n 8alan¢M at 31 D¢¢•rnr 202S 1,119.811 4.204364 The slalemerrt ol fina31 &tNltes Inthtdes ai aThJ ksses recCS& in the yu. irorne and expendlure is deriv•J from cOnu 8CtNities
OXFORD EVANGELICAL PRESBYfERIAN CHURCH BALANCE SHEEr AS Af31 DECEMBER 2025 Fix•d •Mets Tangltl• ass•ts 12 6,685.731 839.213 Cuff•nt Oeblors 13 178.157 178.350 Cash al bank aThY th hand 1.205.3n 171,245 1.383.530 349.595 Cndltorn.. amoun1• f•lllng du• thIn ono ymf 14 1277.0121 1168.6951 NotcunBnt ass•ts 1.1C6,518 180.9)) Tolal as8ota 14s• cumnl li•bilili• 7.792249 1.020.113 Cmdltort: amounts flllNJ athr mort thats on• y•ar 13 $86.885} {612.2021 N•ta••ets 21 420&364 407.911 R•pr•••nt•d by R•sirthd Ints)m• luthls 1.119.811 79,586 Unrestncted fuN15 3,085.553 328.325 407.911 f01•1 ¥tst¢monts w¢ro 8K•ro¥d by Ihe Tiwes on 17 Ws12026 Dr Nw"l Mathn Trusts•
OXFORD EVANGELICAL PRESBYTERIAN CHURCH STATEMENf OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 C••h Ilow• from op•rntlng xlpliti Cash g8nerated fiom opwatKms 3.970,615 28.1$4 Inv?8tMry activit1• Pur$• oltangth fi¥ed ass 15.914.070} 14.1951 Inteie8t recei 2074 1.1 Nèt cash luwd inl in¥•sting xlfvl¥az 15.911.996) P.9991 Flnan¢lng •¢tivitig• Bank loan paYments (7.8551 17.0311 Loan advanc•d 2.983.365 Not cash 9oner•lvd frtymused In) Ilnan¢kng 4¢11vlti 2,975.509 (7,0311 N•t In¢rn•se lfi ¢a•h and calh quival8n¢¥ 1.034.128 18.124 Cash and cash •ouNalents at beg¥nniry ofy 171.245 153.121 Cuh and ¢a•h •9ulvalents at•nd of year 1.20&373 171,245 io-
OXFORD EVANGELICAL PRESBYfERIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2025 AG¢ounUng Poll¢l•s Ch•rity Infornvllo Icrfd Evangelal $'an Church is a Ch¥la¥e Inc4wated goverrtl by a constilution dated 12 OctoÈer 2020 The pnncya SJress ts North Gale Hal, 18 SI MKhael Street, Oxford OX12DU 1.1 Accountlng conv•nllon Th• finanel staiements ha¥e teen prepared In Krnrda8 Ihè thurc's CO1ut10n. the ChantVè8 Acl 2011 and 'A¢coun19 by Chanis stswngnt of Recomm•nd•d F¥acbce 2019 alabl• to tharth$ prepamg ts¥atyA)unts m awdonce F Reporbrwj standa appkle In the UKaThJ R•prtJk of Imtsnd IFRS 1021 l•ffèetfft 1 Jathj 20191" Th• church is a P11¢ 8arfit Entity as dèfintd by FFIS 1rYd. The financ4al 51alements ha¥p departed Ircrfn Ihe Chanbes Paounts and Reports) Regulabon$ 2C only to Ihe extent refyjiied t¢ prowde a aThY fair vew. departure ha$ Imiow the Statement of RewnWnded practs fu chanbes FRS 102 rather tharb the versK>n of Ihe Statement of Re(nded Prac4 r•lon•d to ID Royulatths butthlxh has nc wthdwawn. The finanoal slalements we ifi of the churth. Mon•tary amounts in Ihe¥¢ statem1$ ale iow¥Jed lo the rtsar8st £ The rmonoI ¥tstts habt bn prepared ur•Jer C¢)rwenlTh. The princyal ac¢ountin9 I$ aopl8d are set out belw. 1.2 Goin¥ ¢on¢•rn At the time ol approv the fanUal sta1ents. the TNst8es a reasonat48 exFeCtatw Ihal the churth ha$ adequate res(KJrce$ to contrue In emtence lor the I(eSeeab fvlufe Thus Ihe Trustees continu8 to adopt the gOg ba5 of ac£wnbrvd m prepanng th8 finaal statements. 1.3 Charmabh fvnd• uMestr11 fund$ a avalatle tor use * tt the T1e$ in Iwtheran¢k ol tlw thar10 obJecve8 Restricted funds are swect to speak cOThlrtKs by O)Ir8 or grantors as to h(w they may be The puws•s and us•$ Of1 ar• tyjt in the notes lo the fmancia statom•nts. 1.4 Ineome Irorne IB recL¥nwd therb the church is Wty entthd to it after any Ferfofftian conthts.ons have been met. lh• amtyjnts w tJ• m•a5ured ¥eliabty. and it 15 wcèabkn thot inc¢m• t Tre¥ivod Cash t1onatKJns ar• r•cwtsed on rncew. ¢Jty)•tiorts are onc• tho church has b8én nothfd olthedonab"on. untess Ferforma(Onib.Qr6 requyetlelerralof theamwnt Income lax m¢¢v•rabl• In r•kntn lo donalion5 received urthr or deeds of covenant.s recc9nd at the bme ol lh8 dOnatn Legacies a Tecognxd on recryl or othenbw thurth hms been nDtrfEd Df an ryendirrfJ dstnbubon. the amount 18 knth¥n, and receyl is expecled. If the amwnt ts not kn(rI Ihe legacy s trealed as a contmgent exynditu Expenthlur• is r8c(yitsèd thèm lègal ob0 to tNtsréts)n¢JM tMfft to a ihird party. rt 18 pbthe that a traler of bwfrts tdl reqr1 in seltlement. and ihe amount of lh• cblgatson can be rne8SW8d relbly. 11
OXFORD EVANGELICAL PRESBYfERIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (cop¥llNUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Exp8ndiiure classified by tsrty. The rnsts otexh athty¥e m&le up of the total ofdirlet etssts and sharèd ¢05ts, incknling support ¢5 invdved IA ufKlertak¥wJ each Di costs attrittable kn a Sing act1ty are allocated direcuy to Ihat actilrity. Shared costs which contrbute to rn0 than one activrty a1 support Costs whith ar8 not atttable to a single actmty are apportsd those activities on a basis consistent with the use ol reS Central slaff c05ts are alknEated on ts basis of time SFent, and depr•cièt+on tharg•s a alkJ¢ated on Ihe portK)n ol Ihe assefs use. 1.6 Tangible fixod as8oIJ Taroible fixed awts iri81 81 aThl sthqwentty mea5Lv&I at or valuation, net Df dsw•tsation and any impaimni knsses. Depreciation is recoyrw5ed so as lowrile IhB cost orw4hJalKM of assels kss th•r rn5idual valuès ovor I1r useful li¥e5 on the Iln9 basts." Fmehokj kind buildings Church IAanse-O% Fdional property. nol tpreoated until brouthl into U8e Er of the kase 20% Strawjhl Lw Leasehokd prem5 Fixtur•s and ewipment The gain or1055 aris9 on disposal of an a55et det¥mrtJ as the dferen b8Mwn thè sal? procoods and the urwg vae ofthe asset. aThJ ¢ ffecrtyn¢ed in the statem( of faal actM"iS. £740.000 ol Ihe freehokl property is a Chwch maftse owpd by the Mintster. In the cpinion ol tha Trusttss no depalKIn is required on ttms assel as any chwge COns io b• mat•rial. on Ihe basi$ that Ihe asset has either a Very long useful life or a re5thMI ¥3hM, bas•d oth As oJrr•nt val. not malerially difi8r¢nt trorn its txtrying valfft. 1.7 1fflpalmt of fixed a880ts At each reporbng end dale the church re¥iww5 the of ts t¥rrtJibk assets tg determine whether the is any 1ThiCal)n thai those assets have sulk an Impairnnl th$ If any such IndTr exists, th• erab amount OF Ihe asset 15 esbmaled in order to deteIn tho •xtoni ol the impaimienl bs$ Irf any). 1.4 D•bttsrn Debtors are I[Uded at the sett18Thnt arywnt d. Pmpayments ar• v¥lue(l al the 0nt prepaid. 1.9 Cash and caBh •guivalenl• Cash and ush equwalenl$ cash fft haNI. de[ts hebj at call wth banks. otlEr 5hort-teTm liquid Investhenis wth oryinal maluritss of tw rrnnths or18ss. aTrJ ovefdrafts. Bank overdrafts are sht)wn Ihin in lent 1.10 Credbtor8 clit(S a recognised whw8 the charity hzs a present catiOn ariwn9 from a past e¥ent thatwill prcbably rgsult in the traThsfer ol luThJ5 lo a Ihwd pty the JnouDt dL sett the obligation can be rneasured or ¢Stimst•d ¢•ligUy crlIorS arn rec09r ai their sellknnt •nwnl 1.11 Flnan¢l•l In•twnxnts The churth has ekcied to appty Ihe wO¥isi$01SeC1 11'BasK FinBnc4al Instrum•nts' and Secb)n 12,her Financk81 InstrurTrents 15sues' of FRS 102 to al of rts tthanCU41 ¥irUMents Finanaal instrurnenls ale reco9nised in Ihe Church's Wance sheet wtsn the churth beCMeS P to thè conltaaual provsK)ns ol Ihe Instrthnenl. Financ4al assets and lb1e$ are offset, with the r1 anunts pT•s•nred M) th• fnanual $tstements. when there 15 a legally enforceab nght sei oll Ihe recognised amounB and the * an inlenlm to setue on a net ba515 of to fealise the assei and seiiLe the lia"ty s¢$•. 12-
OXFORD EVANGELICAL PRESBYTERIAN CHURCH NOTES TO THE FINANCIAL STATEMEKrs (coHnNUED) FOR THE YEAR ENDED 31 DECEMBER 2025 8aslc financ¥S88ts 8¥si¢ fana01 a&ls. whith in(de debtors and ush ¥d bar Wafftc. •r• iitK41ty me•$ured al transa¢b"on Pric8 CJd1Tha transaction costs arJ are 5ubs8quenity calad at anrtised oJ5t using the 8ffedNe Interèsi melhod Un$9 the arrangemwt constitules a traAtsXtw)n. whorn ihe trs8¢00n ts measured at the prn¢ value ol the fiJture r8C8Vs discaunled at a marke¢ rate of interest Finanfjal awts da$%fRd a$ tw#blt on• y•ar a not ask Hn8ftclal Llabllltle Basic finanual liabililies, indng creditors and bank lows a inilialy fecogrnsed at tr8nsacbon prti wikss Ihe arrangement con5tllutesafinanc9 tran53cton. there Ihe debt Instrurnent asured atthe we5enlvalu8 of future payments di8counled at 8 martet rate of inwest Finan0 Iiilies dassffjd as pay8bbÈ Wilhin one year a not amortssed. Debt Instruments a subsequently camed at ortsSed o)st, siTrg the effectNe mlere5t rate rnethod Trade cttdilors are obli9atrons to pay for 9or#ts or Serv Ihal have bew a(4uYed in Ihe ordinary CA)urse of opera0$ from Su11 Amounispayable arv classhfJ 35 ojrrent Iiatskne5 rfpayment is due wthin one year less If Dot. tTry a presented as rtoTr%rrent habikbes Tr credi15 are recc•JniwJ inibally aitransacbon Finantsal liabd•s ar• d•recowsèd tknn lh• drts contradual ot413at or ar• or canc•ll8d Equity linked108n8 are not bax finaal I[1$ The Ih)ilibe$ are In"alY remgned at fair value on the date the contracli5 enlered Into ar¥J ate sth5equentty Measured al thfr¥al8 Changes in th8 law value are rECtx3nk%ed in in¢fyneuexpeNlthJI ltytr year 1.10 Empknyw l>•n•fits The cfjsl ol any homay enlitknt L8 reccgwj in the employee's ser¥tes a r•ceNfAI T•miinaiion benefits ar• r•c¢wts•d mmeth8t•ty as an expensew1 ch de)nStr#bI¥ ethnn¥tt•d to terMating the employm¢nt ofan or to pwovKlthvJ terrninab efits. 1.11 liethThnt benoffts Payments to d8fm8d conlrbjlion reb"Mnt ts9fil dwged as w exFen8¢ 8$ they fall du? In the w11cath ofts thurth"5wuntV¥J FdKs. tbe Truses a iequiRd to ThejemeTrts. estimote¥ and assumptions abtyjt Ihe calng amnI of as5e15 liabilibes that ar¢ not readily apparent frorn ottr S$. The arnl assooated assumptths ar• basèd on histMC41 oxp•nènc8 and othor fathts thai ale cons*Jered to be k¥an¥ Adu81 lts may differ Irw these esbmates The estsmates undprlyiny assumprts are re¥V on 8n oThJomg baw5 Re5 to accountiThJ èstima$ a COgnij in Ihe pets in whKh Ihe estIna ts mised whwè thè r•vLsion affo¢ts onty thai period, or ir4 Iha Pe1 ol the rEVOn and futW8 F40d5 rewfAon affects both cvrrent arbj future perioJ& 13-
OXFORD EVANGELICAL PRESBYTERIAN CHURCH NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 3 Donatk*n• and Grants UnYestri¢tsd liestrlctsd Fund8 Fund# 2024 2024 Fu 202S Totsl 2025 Total 2024 2025 Gifts and ¢knnatbs Grants IUKI Grants IUSAI Bu11ng Grants IUSAI Mini$twwl Grants IUSAI 16.510 46.624 273,991 16.510 103.739 277.349 3.768.17fj 287 050 4 452,824 74.124 5.742 435.lJ46 78,944 115,481 435,046 260,693 280,693 124,498 124,498 499.750 1.014.662 57.115 109,739 3.768.176 337.126 4.115.699 514 912 4. 0th?r Incorng Unrestrlct•d FundB 2025 Unr•strlctsd Fund• 2024 InvMtrn•nts Bank interest 2,074 1.196 HI ol prem¢es Tnps 2.995 4.472 7.375 5.668
OXFORD EVANGELICAL PRESBYTERIAN CHURCH NOTES TO THE FINANCIAL STATEPWS (COPrnNUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 S. ExpDThdlbn on ¢haiitabl• Aclivilimb 202S T•tsl 2024 Mini Staff costs ou1Ch and other adviits 45.rd4 33.7 117,0 162.274 33.7 117,$08 30,788 R•nt olchurch premises re oftempornry pMS R•cnotr1)•nt arnl fdocati Repairs to prertwses profesn21 fee5 twnisesl Church premL8e8 NnniThJ cc615 Ihrb$ters' housing cts Stsff Hou%ThJ Olher repai WJ mainknan Office expenses Trav¢1 &ynses Govtmanco eosts atrt %ntaneY 1o•s Other lega aTrJ WDkssiona 18qS Bank charges Other Intete5t Depreoation Irreco¥eraN• VAT 36.2Y¥ 14.373 49.149 36.250 14.373 49.149 117.6671 1&5261 27,456 87.307 6.750 145.000 117.6671 16.5261 470.631 79.371 27.456 8.674 47.Y)I 6.750 14.477 12.120 5.991 8.821 17.477 334 19.1>3 6.244 27.(#)4 7,377 19.199 6.244 7.377 34.552 5910 34.552 5,910 534.153 19.610 354.045 180.108 994.661 Audrt and AcwJrtsrKy fe85 È10.IXKI ola111 tEe5 l>f44 t7.2) 15.
OXFORD EVANGELICAL PRESBYTERIAN CHURCH NOTES TO THE FINANCIAL STATEMEKrs (coKnNUED) FOR THE YEAR ENDED 31 DECEA18ER 2025 6. Support Costs Indudl In Expenditure on Chartsblp Adp4ths Irb) 51 are the foltw Swcosts". . Unr•stri¢l•d R•tri¢t•d Z025 Total 2024 Totsl AEccwb¢an¢y and Audil TrainirJ 27,004 8.821 900 Recwitment eosts and ptyroll admmistration In$urdr*• Bank eh819es Ministers, HousirvJ Slaff Houwng 9),288 20.104 20.104 2,CN)1 334 47A11 87.307 6.750 191.762 63,859 137S11 $42S1 81,545 7. Exp•ndlturn on F1•Ing a¢livltl•• 2025 Totsl Totsi 2024 Tra¥el ¢o¥ts 14 546 14,S46 19,761 Giant processing 57.386 57.386 12.349 32.110 20.106 77.492 10-
OXFORD EVANGELICAL PRESBYfERIAN CHURCH NOTES TO THE FINANCIAL STATE11rs {copinNUEO FOR THE YEAR ENDED 31 DECEIABER 2025 Employ••• The a¥erzge monthty olph}yeeS durry Ihe yearwas X12S 2024 Numb•r Wages and salanes Empe[.$ Natnal InsurarKe Pen$M)n con1ribuOTrS 147,703 1.648 12.923 162,274 103.330 5.372 8.8C6 117.508 One receN8d anwal remunernbm of mom than £60.(M b•h¥e•n £70.1)00 and W.OCfj12024. niri Key mana9ement Fysonnel remwwathon toi#MBd £118.589 {2W24 £61.3641 g Tru5to08 Rev Andrew Young, and Dr Ned Mawb"n. TNSte• •r• pawj wmuwaiw)n •nd provhJed with accommodatlorb 05 delarfed in Note 22 These payments to Tl¢eS are as p?Tri1ted in dause 6.2 of the cons11tutsn. Expenses lotathng £2233 (2024.. £11.2321 we pawj 10 InMes 12024.. fouil for travel. rnar ojsts and l¥)sptslty The charity al30 m•Je pants ol £1.834 12Wd4." £24.8891. lty ovwseas trml related experffje$ for one Trustee {2024 The charity has tW5te• ind•mnrty insuranc•cobwas part of ts i)¥wal iwrnnce policy. 10 Taxallo Th8 ch• 15 Exernplfrtx ts acimbes b8cau8e all is apphBd dMiitabl• purposes. 17-
OXFORD EVANGELICAL PRESBYfERIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (COMtINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 11 Othor gains and lo• 2025 2024 GainWII)ssesl on Forwgn exthar 51,101 675 12 T•nglbl• flx•d 4•••ts Fr••hofd L••¥•hold Land Premh•s Bulding Flxttir•• and Tol•l Cost Al 1 January 2025 740.CAIO 95.883 870.883 Additsons 5,837.079 76,991 5,914,070 Di5POS 135.CWI 1 35.0001 At 31 D8rnber 2025 $77.079 172.874 6.749.953 D•pr•¢l•lion and impa1•t At 1 January 2025 29,670 31.670 DepreaatKsn charged n th• year 34.552 34.552 Rea58 on th5P05al I2.0) 1 2.0001 Al 31 Dtscemr 2025 64,222 64.222 Canying amount Ai 31 Ee•nbei 2025 6.577.079 1LW.652 6,685,731 Al 31 December 2024 740,IJXJ 66.213 839,213 £740.000 of frtth¢Yd land and reve5ts tht 76 Wharton Road, Oxkrd, OX3 &4J. Under a Deats of Trust dated 5 Sepmbtr 2023. lh• ¢hur¢h ts the al owner ol %.7T% and the Rev Andrew Young and Mrs Da¥yOU th• beneficial ¢)wnerso13.23% It Is the inlentioTr lo transferfurtherequily 51*es to the Rev and Mts yo, br an appropnatg grat No tron$ler was made in lh8 year to 31 DeCeMr 2025. The carrymg value ol freehokl wqy•rty used as seojrty for loans ts E740 C)12024.. £740,OLYII 18-
OXFORD EVANGELICAL PRESBYTERIAN CHURCH NOTES TO THE FINANCIAL STATEIENTS ICONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2025 13 bt0$ 2025 2024 Arnounts falllng du• within ¢)M y•ar. Otherdetknrs 1.794 41.363 177,850 178157 178.350 14 Crethrn: amounts falong du• 1n 2025 2024 eank loans Other crerfLt( 7.856 7.030 49.628 Derd Income 36.250 AccTuaL% 267.157 75.787 277.012 168.695 Defeiwed kKome tn 2024 wre5ents Il baarKe ofluNts rerd the fianag1 yw to cwi the Trt ol Noth Galè Hall £36.250 w¥ thè (wartw 25 Mafth 2025. 16 Crgditor4: •ffloynts fam1 du• aft•rfflorn Ihan on• year 2025 2024 Bank loans 512,202 Olheiborrowings 3.083,365 11X).000 3.586.385 612,202 19.
OXFORD EVANGEUCAL PRES8YfERIAN CHURCH NOTES TO THE FINANCIAL STATEMEprfs (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 16 Loans and Dv•nlraft• 2025 2024 Bank loans- lfjwdom Bank 511.376 519.232 Oth•1 loans- Alf0rdth Finan IHAFI 1TrJ.C loo.000 Other knans 2,983,365 3.$94.741 619,232 Payoblo wnlhin on• y•ar 7.030 P4yablè aftèr year 3,586,885 612.202 3,594,741 619,232 knounts Wuded above d atsfi¥e y- Payabk by instalments 3,486,885 484.082 Payable otsr than by iThstakn8nts 50,000 3,536.885 534,062 Th• Kingd¢)m Barth k)an Is SecUd by a e tharye on mwse woperty. Vnth intere51 charged at 5.8- 5.3%. a temi of 30 yeats 8ndmg JY 2053. The loan5 ¥Yth HoUSg Affwdakn'lrty Fiftae (HAD Ltd a seojred by a secoThJ rankKry mLMwaga on th• mans• pr¢peity. lor a tem of 10 years ending Septernber2033 The terrrbs we a5 lolDV&." £50.C4)O b•arir¥a Int•mst al 2% above HAF base nl• £50.th)O nolbearirKJ Interesl bLrt an equty share of23 1TrA ora ofth• maw. knss any oulstandiryj priwpal and irbterest of any interest beanThJ IrlS se(xxed the prop*ty. Other loan Is made by an Indmdual The rnaxmvm lacty LS £4.gxIO.0 The bjan i8 UTh8ecJJr8d. Inte¥8st Is payabl? al 6% on Ihe loan t1rawn ¢Yown from the ¥ller of drawdown u pv8CtiC41 camplebon ol thè building pioiect unbl paYment It is PaYab in rnir¥mwn annual Instalmen15 01 £145.000 stsrtiNJ om year after the laltsr ol Ihe linal drawdown or pracbcal complekon and ty Juty 2046 in fu
OXFORD EVANGELICAL PRESBYfERIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUEO) FOR THE YEAR ENDED 31 DECEMBER 2025 17 Flnanclal Instruments 2D25 24 Carrylng v•lu• of financial li¥bilitl08 attslrTAI Equy sharèloan so.rh)o so,0 18 Retir•mbni n•fft •¢h•m•• 2024 D•fin•d ¢onlrlwtion ach•rnes Charye to expendrtur8 in respect rfdefm8d corthbJbon schemes 12.293 The chuich operate$ defmed conln"bubon Fens Sd for al quahfying empby88s. The 858ets of t 5th8rnes are held separatety tIK15e thutdb lMinsled 19. R••trl¢t•d funds Th• resln.cled knd$ of Ihe chty comprtse the unexed baareS of donab'orts aThJ gran15 on trust S.1 to $pecific CondOn5 by do a5 to hcw thpy may be used. 8alance al 1 January 2025 B•l•n¢è •t 31 D•¢•mb•r 2025 Exp•ndllw• Tran•f•rn Building lur¥J Mini¥tsri81 fuThJ 2.rA7 3.828.649 287.050 4.115.699 164.1261 173.368 7.494 I2.&17.9} 928,630 191.181 2.837.981) B•l•n¢• •11 January 2024 Balance at 31 DecFmb?r 2024 Exp•ndllure Transhrn BuildiNJ lund thnistenal fund 28515 38.828 67.343 370,432 129.318 499,750 (2) SYl.647 640.649 153.142 2.rA7 77.499 79.586 153.142 Buildirt9 Fund The furn1 wa$ set followir¥J the 35year lease on 14orfh Gate Hal St Michaef5 Streel. Chford, 10 fund the repa¥ arJ reTr)vation of the prEmS Thi5 WjE5 311 1 and wÈssional fees 109ether th refrjth5hniS Dtlr buiKlty (>sts The transfer out of the FLmd In 2025 rewe8ent5 the purcha88 of thefreehokj olNorfh Gate Hall. The Iransferirrto the FuThJ In 2024wastooJverexpenditurewhKh trxthedèd Mtnlstsrlal Fund Alund set up to firban¢¢ the salary costsofthe rnThster othersyort athnin15trabDn ar¥J m1rn5by costs
OXFORD EVANGEUCAL PRESBYfERIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS IcOP[NUED FOR THE YEAR EIIDED 31 DECEMBER 2025 20 Unr08trktsd tsnd8 The unrestncted luThYs olthe tharity comkw Ihe ba¢$ ofdonaiK)ns and giants are not SLJiect lo speofic cthidrtp)ns by donors graniNs as to how ihty may bg Used. These incl¥ dèsvJn8tod funds whith have tjeen Set asth of bjnds by th• tntsiets lorspttffic wrpos•$ B•lan¢• at 1 J•ny•ry 2025 Galn8 nd IoB506 Balanco ¥t 31 Decembor 202S TranslBrB General fund$ 323,325 1374.1511 151.1011 2,837. 3.085.553 374.151 51.101 2.837.980 3,085.553 Balan¢• at I January 2024 and Expenditur• 10558s Balanco at 31 Tvan¥f•rn DFc•Ththtr 2024 Incom• Ger*ral lund$ 1386.1221 675 1153.1421 328.32S 346.334 520.580 .122 675 153.142 328.325 21 Anaty815 of net b•iwv•n funds Unrnstrictsd R•strirtsd fund8 fund8 Ufftrestri¢t¢d R•stri¢led funds funds Tot•1 Tot•1 2025 2025 2025 2024 21124 2024 FuThJ balan are Sented Tanglbk assets Current as$el$ I lknabthtsesl Long t•mi liabilibes 6.685.731 13 2931 13.586.885) 6.685 n1 1.IC6.518 839.213 101,314 1612.2021 839.213 180.900 1612.2021 1.119,811 79.586 13.se6.8851 3.085.553 1 119.811 4.2 328.325 79.586 407.911
OXFORD EVANGELICAL PRESBYfERIAN CHURCH NOTES TO THE FINANCIAL STATEhENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 22 Rel•ted rty trIntiOn¥ See note 9 for the reInr$eMen1 ofexperw mJ8 to TNsts85dwry the y•ar Dunng the par. Ihe fO11r# payments were m¥Je lo ¢y In respe¢tof Truses 202S R•¥ Anth•w 2024 R•v Andrnw Young 2025 Or N•ll M•rtkn 2024 Dr N•ll Mart Salary Social seIlty Pensi Proportion ol manse by ¢huffjh Ublit*s Rent Salary p•d to S80 33.71 18.675 1.322 3.329 5.760 96 77% 5.985 2,607 5,760 77% 4.975 4,705 32.976 7.146 7.224 7.0)0 23 An•ly•is ol¢hw9•• Il d•bt At31 OK•mb•f 2025 January 202$ Ca¥h Fl Cash at bank arbj in hand Loans lalling due wthin year LO8 lalling due in mwe lh )Yar 171.245 17.0301 -1612.2021 447.987 1034.128 18261 2.974 683 1,941 381 1.205 373 17.8561 3.586.885 2.389.368
OXFORD EVANGELICAL PRESBYTERIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 OECEAIBER 2025 Ca¥h g•n•rat fforn op8Trlions 202$ Net incomellempeTh1rtU) for Ihe year 3048.554 16,4411 Adiu5trnw15 IOT Inlerest received 1 2.0741 (1.1961 ForehJn exthore dfvnr Oepreu?ln and Impairment oftarsib fwl asse Los5 on disposal of lease Oecreasellmcreasel m debtors Increase In cr8drtors 151.1011 34.552 675 19.610 193 107.491 I132.(3> 147.509 Cash gonèratod from 08t10$ 3.970.615 28.154 25 ¢•pltsl ¢omrnltm•nts At thè yèar ènd, IM thanty 10knr4 Ca1 CJJnmth18nts.' 202S 2024 CawMI cty))mrtM•nts 28 Oper•tin9 •$ commitmw Atthe yearend the total of lhedltys ftAure mininvn IEase FOym¥)t$ uThJernon.cancelIaÈ OFerating lea$e$ was". 2024 Amounis payabh: IhSMin 1 year Between 2 aThJ 5 year$ ,226 49,5 76.X 69.226 Lease poyments rew3Thsed as experthwe 83.476 160.ff 24.