Lanier Theologlcal Educatlon
Foundation
Rèport and Financial Statements
Year Ended
31 December 2024
Company Numt¢r 13S41047
Chaflty Numbor 1195607

Lanier Theological Education Foundation
Charfty Infomiatlon
Trustees
B Lanier
P Lindon
K Rrtierts {Chairl
A R R Wingfield DFgby
R•glstsrod numbgr
13541047
Charfty number
1195607
PTlnclpal offl¢¢
Yamton Manor
Church Lane
Yamton
Oxfc
OX51PY
Gravlla Audit OXI￿d LLP
Flrst Fl(x)r. Park Central
4041 Park End Street
Oxford
OX1 IJD
Audltor

Lanier Theological Education Foundatlon
Contents
Page
Trustees. Report Indudlng the Strateglc Report
Independent Auditors Report
Statement of Flnanclal Activitses
10
Balance Shgot
11
Statsmant of Cash Flows
12
Notes to the Financial Ststeménts
13-22

Lanier Theological Education FoundatTon
Trustees. Report including thè Strateglc Report Forthe Year Ended 31 Decernber 2024
The Trustees. beiThJ also Dire¢aors of the charitable (xjmpany. present theirTrustees' reFX)rt including the Stratsgic
ReFK)rt together with the financial statements for Lanier Theological Educalion Foundation ft)r the year 31
De￿rnber 2024. The report 1￿mplIeS with the ChariliesAct 2011. and the Directors, report as required by section
415 of the Companies Act 2006. The finanual statem8nts comply with the requirements of the Comp8nies Act
2006, the charrtable CoMpan￿S Artides of Assocaation aThJ the chariti.es Ststement of Recommended Practs'ce
ISORP FRS 102 eff￿t￿e 1 January 2019).
The prir￿1paI and registered office address 15 Yamton Man￿. Church Lane. Yamton. Oxford5hire, OX5 1PY.
Tru8tses' responsibilitlos In rnlatlon to the financlal statements
Th8 trustees are reswnsible for preparing the Tnjstees, Re￿rt induding the Strategic Rewrt and the financial
statenEnts in accordance wlth appIl￿ble law and regulatins.
Company law requires the trustees to prepare finana21 statements for each finanaal year. Under that law th8
ustees have elected to prepare the finaTKxal statements in aC￿rdance wilh apFAicable law and Unit￿y Klngdom
Accounting Standards (United Kingdom Generally Aecepted Accounting Practice). induding Finanaal Ret)orting
Standard 102 'The Financial Retth'ng StarKlard appli¢able in the UK and Republic of Ireland,. Under company
law the trustees must not approve the finanryal statements unless they are satisfied that they give a true and fair
view of the stste of affairs of the Charity and of the profit or loss of the Charity for that period.
In prewing these finandJ stateNwts. the trustees are rg]uired to:
select sutlable 8￿nting p)licies and then apply them u)nsistenty,
m8ke judgements aThJ a(u)unknng estiff*tes that ar8 reasC￿ab1e and pnKlonL
follow appliCa￿e acrthinting standards. sutyect to any material deparhjrts dis¢k)sed arKI explained in the
accounts., and
prepare thg finarKaal ststernents on the golNJ L￿r￿M basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping proper acctyJntirKJ re￿rds. which disdose reasonable accuracy at
any time the financial position of the Charrty and enable ttiem to ensure that the accounts comply with the
statement of Recommended PraCti￿"AC0)unting by Charities". They are also responsible for safeguarding the
assets of the Charty and hence for taknng reasonable steps for the prevention and detection of fraud and other
irregularrties.
Charitable purpose and Maln Actlvltles
The Charivs object ts. for the bonefit of the pubtic. to advan￿ the Christian faith partiajlady but not exdusively
through the &stablishment arKI maintenance of a thec4c*Jical library and learning Ixntre at Yamton Manor.
The Charity has been eslablished to operate the rEw thed(yJtcAI library and laaming centre with a fC￿S on
bibli¢xl research, thedogical edu(xtion. and training indmduals for Christian ministy in the UK and a(xoss
Europe. Since 1￿C￿OratiOn, the Chariws main activty has been to renovate the historic Yamton Manor and
surrounding properties to aid in the purposes of the Charity. Major renovations to the Manor House were
Completed in July 2023 along with the cOmp￿eti9n of supF¥JrtitvJ acc¥)mmryJation and housing. The final project is
the devdopment of the Library. substantialty completed in June 2025.
Since August 2023 the Chartty has hosted Indi￿dUal$ and small groups at Yamton Manor. including groups for
training and strategic planning, visiting stholars from a(xo&8 the UK and around the world, and residents who are
students of Oxford Universty.

Lanier Theological Education Foundation
Tru6tees' Report Includlng the Strateglc Report {eontlnuedl
For the Year Ended 31 December 2024
Financial rev1￿ and reseNe pollcy
The net Inco￿ for the year anN)unted to £3,830.043 (2023.. £1.865,840).
The majortyofthe Chantys 2024 income was used forthe costof renovations toyamton Manorand development
of the library, as expected. On¢e re￿VatiOnS have been completed, it Is oxpected that a reserve will be held by
the Charity as determined by the Trustees. A reserve wlicy was adopted by the Charit￿S Trustees on 21 March
2023. It was agreed that the Charity should maintain a reserve of three monlhs, lo be reviewed annually by the
Trustees. The reseryes at the year end were £24.617.346 {2023: £20.787,303) including restricted funds of
£18.435,074 (2023.. £18.625,￿6} and unrestricted fuThJs of £6.182,272 {2023: £2.161.677).
Aims and achievements
The Charity aims to a¢fvance the Christian faith through the development of a tr*eologi¢al library and learning
centre at Yamton Manor. The library and leaming centre will house a publidy a¢¢essble. and free of Gharge,
library of thgJogical and biblical texts, and may aiso house collections of artefacts that promote experient
leaming in th& Christian faith. for example an(ient nwnuscTipts and F￿lMI1eS and olher artefacts of religious
signif￿￿￿. It is envisaged that the library will house a comprehensNe ￿llectiOn of books. periodicals. hlstorf(*l
documents and with toplG% ranging from church history and biblical strJdi8s to archaeolcgy and linguistics (these
being relevant to understsnding the birth and grrAvth of Christk4nrty). There will be extensive facilities for self-
Study at the library.
Wth a forus on biblical researd), schclars will gather to research. c(4labordts. y￿lte. and lecknre on a variety of
theological lopi(¥. The Charity will faolitate rigorous thwAogical ￿lu¢￿tiOn, supporting scholars and students in
pursuit of advanced degrees an(J Strateg￿ teachiThJ 85signnEnts. Those akeady serving in Christian ministry wll
benefrt from seminars, ￿treats, collaborakn"on. and mentoring. Success will be measured objectively through
participaticfft in events and actiwties. LK)th as resKlents and guests of Yamton Manor. In addition, and somewhat
subjectively. participants wll be asked to Indi￿le whether the faciltlies, progrdms, and events are helpful and
impactfvl in the area of research, schdarship. and ministy. Wtlh full participation and a ￿nS[Stant positive
response from parb"cipants and strategic oversight by the Truste8& the Trustees will be able to ensure that the
Charity is achievlng tts stated aims and obiecbves.
Golng concem
At the time of approving the actounts. the Trustees have a reasonable exwtstion that the Charity has adequate
resources to continue ID operational existen￿ for Ihe foreseeable fvbjre. Lanier Theologic21 Library Foundation
I'US Foundation-) has approved an addiltonal grdnt in 2025 to the Charrty in the amount of $4.500.CK)O, which
will cover operattons and the cost to complete the renovation ofyamton Manor. The US Foundab"on is adequately
resourced and able to maintain its commitment lo the Charity to fully fund operations on an ongoing basis. Bank
and investment ststerrents have tsen FKovKled to Gravtta Audit Oxford LLP verifying that capacty. The Trust8es
believe that r( is appropri*e tr) prepare the aox)unts on a g)ing con￿rn basis.
Strategic Rèport
The renovauon of Yarnton Manor and surrounding prDperbes is now substantialty complete. The final major
building project was development of the library buildirKJ substantialty completed in June 2025. The Catalc￿uln9
of books will be 8n ongoing Wc￿. The Charity is now in FX)sition to establi8h the Lanier TheolTrJical Library and
Leaming Centre at Yamton Mancf. The ongoing obiethes are lo promote and facilitste biblical research,
theOl￿alca[ education, and training in Christian ministy. This vlll be a(yJ)mplisI￿l for on (xmpus residents and
guests through a variety of courses, seminars. retreats. conferences and mentoritYJ. These activities. to the
bersefrt of the publ￿. will advance the Christian faith a¢yoss the UK and Europe.

Lanier Theological Education Foundation
Tntstè•s' Report Includlng the Strateglc Report (contlnuod)
For the Year Ended 31 December 2024
Fulurn Dev81opments
LTEF at Yarnton Marw Is now abie to mcre activety and dligenty in 8&￿[41shIng Its obleGtfv6S.
Throughout 2024, thirteen wsiting and resident scholars along with Iheir familles INed and worked at Yarnton
Manor. In additi)n. LTEF hosted ten dffterent groups on campus for mults'-day conferentrÈs and training evants.
The Resldenl Academic Director and Juni(Y Research Fdbws joined in 2024. Similar rasidential ocujpation
wlll contlnue through 2025.
Prfnclp81 rlsks and unc8rt8intles
The flnal cost of renovaUon is becnmlng dearer but there 8re 81111 variabies. The convernlon of the Trthe Bam into
a Theological Library is substsntiaity complete. A colony of bats vrds idents'fied in the roof structure requiring
carèful attentlon throughout the pro(x88. ￿ recomm8nded electr1￿ $ub4tatlon fc* Yamton Manor is In
progr8$$.
KeYperfOn71an￿ indlcators
Progress on the renovation of Yamton Manor was skxi, as exp8Cted, hcwwever it Is now substantially ￿Mple￿.
Meanwhile, IF*re is grèat Interest In the local ￿MMUnty and twThJ in the works belng don8 and th8 programme
to follow. Key rel8tion$hlps have Lwn and are corrtinuing to b8 develoFed with stra18gic partners, including
Wycliffe Hall, Oxford, the Oxford Centre for Christian Apol(v3eti(s. T￿dale House, Cambridge, and the European
Leadership Forum. The Charity is wollwltlcN)ed to acc4)mplish its obi8¢tlves as the faalities b8come fully
OP8ration81.
Publ1¢ b•Mfft
The Charity advances the Christian falth generalty. pa￿￿lartY but not exdusNely thrryjgh theological ￿lfvItieS
Indudlng the provision of a theolc¥Jical litffary arKI providing education and training in the subj'ect5 of Christian
theology. biblical 5tudie5. churth leadwship and ministy which wll be available to any interestsd members of the
public and academics, helplrwJ to advance the Christian failh aryoss the UK and Europe.
structurn arml Gov•manc•
The Charity is a charitsbl8 company Ilmiled by guarantee under It8 Art1¢￿& ofAsS0da￿0ft.
The Trustee3 are responsI￿e for the strateglc dItect￿n of the Charity, Its funding and development and the
OVer￿ght of its ￿rf(*Man￿,. with the trustees Tneeting at least ts¥ice oath year in regular email
communication.
The Charty has a Scheme of Oeb8gatN)n in plac8 aFvoved by the Truste8s in October 2022. A Cooperation
Agreem&nt is also In place betwwn the US Foundation and Ihe Charity.
Tha Charity has established a trading subFAdiwy LTEF T￿ling Limlbj. which in time wll be used to cary out
any Tr)Trcharitable tiading adivities.

Lanier Theological Education Foundation
Tn￿. Report Includlng the Strateglc Report (conllnued)
For the Year Ended 31 De¢ember 2024
Trustees
The directors of the Charity are also rts Trustees the PLfFX)se of charity law and throughout this rP￿t are
¢rJlectively referred to as the Trustees.
The Trustees semng durirvJ the year and up to the date of signing the finanual staterrEnts are as follows:
B Lanier
P Lindon
K Roberts {Chalr)
EThee
A R R Wiryfield Digby
There shall be at least three Trustees from thg date the Charity was reg￿tered. Tr 8pwintment of a trustee is
by decision at the tnjslees. meeting. There are three TTUStees from the US Foundation and ts¥o from the UK.
Trustee recruhment and appointment
The Lanier Thedogical Educatton Foun(Jation OmF￿0yS a systematic approach to trustee recruitment lo ensure
the board maintains Ihe appropriate MLX of skn"Ils. experien￿. and dNerty requir&J to effectively govern the
organisation and advance its dlaritable oty'ectives. New trustees are identified through muttiple channels,
induding recommendations from existing trustees. staff. and stskeholders, and through e￿agement with
strategic partner5 and professiond nefv￿fkS. ProsFWtNe trustees complete a comprehensive 8pplication and
interview process including detailed curriculum vitae, interest and motivation for seNice. and petEonal and
professiond refaren(xs.
Trustee tralning and development
AJI nawly appointed trustees complete a Wr￿rehansIve iThJUCt￿ programme wtthin three months of
8PFX)intment, coverrng governan￿ fundamenlaL%. organisational context, and practical govem2ncè. Thè board
maintains a r￿ling prLyJramme of training and development acbwties intemalty arvj Trustees are encouraged and
supwrted to attend rdevant extemal training where appropriate. Underthe guklan(x of charty attomeys al B8tes
Wells, govemance best practi￿ and emerging trends are reviewed and poliues and procedures are updated as
appropriate. The effectiveness of the trainiro programme ts re￿eWed annually as p8rt of the tr￿ard'S solr-
assessment pr￿eSs, y￿th adjustments made bas&Y on identified needs and tharoing regulatory requirements.
Key management pgwnn81
The key management Fer%Jnnd are Dawd Fleming and Bevety Fleming.
Dlsclosure of information to audftor
Each of the persons who are trustees at the time when this Trustees, Re￿ indLKling the Strategic Report is
approved has confim1￿1 that..
so far as th8 trustees are awa￿, there is no rele￿ant audtt infcwmation of which the Charivs Èudltor Is
unaware. and
Ihe trustees have taken all the steps that ought to have been taken as a tnjstee in order to be aware of
any relevant audit inf0m1at￿n and to establish that the Charivs auditor tg awa￿ of that infonnation.

Lanier Theological Education Foundation
TTUStees' Report including the Strategic Report (contlnued)
For the Year Ended 31 D•¢￿ib￿r 2024
Post balanc• sho•t evonts
There have Lwi no sgnificant events affe(XlryJ the Charity slnce the year erKJ.
Audltor
The auditcff, Critchl8yE Audit LLP. merged wrth Gravila during 2024 and ncw operates under the n8me of Gravita
, Audit Oxlord LLP. Gravita Audit Oxford LLP will be proF(¢&J for reappithnt in act£Kdar￿8 wlth sectlon 485
of the Companies Acl 2(MJ6.
This r8POrt VRS approv￿1 by the board on 28A￿JU$L ￿25 arwj $lgn8d on its behalf.
P Utmlon
Truste8

3nier Theological Education Foundatlon
Ind•p8ndent Audltofs Report to the TTUStees of Lanier Thoologlcal Educatlon Foundatlon
Opinion
We have audiled the financial statements of Lanier Theolc*3i(zl EdUcat￿n Found8tion ('the charitable company,)
for the year end8d 31 De￿rnber 2024 which (x)mprise the Statement of Financial Activities. Balan￿ Sheet,
statement of Cash Flows and the notes to the financial statements. induding significant accounting policies. The
financial reporting framew￿ that has been applied in their preparation is applicable law and United Kingdom
Aco)unting Slandards. induding FRS 102 The Financial Reporting Standard appltsble iri the UK and Republic
of Ireland {United Kingdr)m Gener8ltyAccepted Aco)untiThJ Practice).
In our opinion, the financi￿ statemerts:
give a true and fair view ofthe state of the charttable companWs affairs as at 31 December 2024 and of its
incoming resources and applThtson of rescwrces forthe year then ended;
have been properfy prepar￿1 in accordance with Uniied Kingdom GeneraltyAccepted Acix)unting Practice.
and
have been ￿epar￿j in a¢oL)rdan(* with the rg]uirements ofthe Companies Act 2006.
Basls for oplnion
We conducted our audrt in acC[xdan￿ with IntemÈtiDnal Standards on Aud￿ng (UK) {ISAs {UKII and applicable
law. Our ressx*nsibilities under those standards are further descrit*d in the Audttorfs responsibilitl8s for th@ audit
of the financial statements section of c￿r reF*)rt. We are indeFoThYent of the charitsble company in accordance
with the ethic￿ requirements that are relevant to our audit of the finan(>al statements in the UK, induding tho
FRC'S Ethical S18ndard. and we have fuffill￿ our other ethi(zl restx)nsibilities in accordance with thase
requirements. We believe that the audtt evidence we have obtained i8 sufficlent and appropriate to provide a
basis for our opinion.
Concluslons relat5ng to going CODCern
In auditing the financial statements. VR have c￿ncluded that the trustees. L￿e of the golng con￿rn basis of
accounting in the preparation of the financial statements is apFffopriate.
Based on the work we have perf￿rn￿, have rK)t identified any maten.al uncertainties reiating to events or
o)nditions that. individualty or collectNely, may cast srgnificant doubt on the Chanty's ability to continue as a going
concem for a period of at Eea5t 12 rnonths from when the financial statements are authorised for issue.
Our reswnsibilities and the rwp)nsibilities of the truslees wilh respgrt to wing are descmbed in the
relevant sections of this reFX)rL
Other InfOrn￿tIOn
The other information comprises the infomation induded in the annual report. i￿luding the trustees, reporL other
than the finanaal statements and our 8udilor's rep(xt thereon. The tnjstees 8re responsible for the other
InfO￿natiOn ¢ontsined within the annual reporL Chjr opinion on the financial State￿nts does not cover the other
information and, except to the extent otheThrise explicatly stated in our reporL we do nol express any frim of
assurance conclusion thereon.
Our iesFX)nsibility is to read the other inf0m￿tiOn and, in dcmng so. consider wheth6r the other infomialion is
Materially in(x)nsistent wth the financial statements or our knowledge obtsined in the course of the audit, or
otheNise appears to be materially misstated. Sf we identify such rnaterial incoThsistencies or apparent material

Lanier Theological Education Foundation
Independent Audltorfs Report to thè Thtytoos of Lanier Theological Educatlon Foundatlon IcontTnued)
misststements. we are required to detem)ine whether this grves rise to a material misstate￿nI in the financial
statements themselves. If, based on the work have perforned, ￿ cond￿8 that there is a malerl
misstatem8nt of this other infonnation. we are requir￿1 to report thal fa(
We have nothing to r8p(*t in thi8 regard.
' Oplnlons on other mattorn proscrfb•d by the Companles Act 2006
In our opinlon. bas￿1 on the wcrt uThYertaken In the cot¥se of lh8 8udlL'
the 1n1c￿tion givon in the trustees, reFrt)rL which indudes the dir8Ctor5' r8￿ and the strategic report
prepared for tho purposes ol company law. financial year for whlch the flnancial statements are
prepared Is conslstent V•rylh the financial stateTh￿nts. arKI
the dlrectors. repmyt arKI the strateglc rewt indud8d ￿thIn tho truste8s' reF*Yt have beon prepared in
accordance with apF4icable legal requirements.
, Mattars on whlch w• oro requlrnd to rnport by oxcep￿On
In the Ilght of the knowledge and understsnding of Ihe company and rts environment obt8lned in the course of
the audit. we have not idenlifjed material misstaleThnts in the dir8dors' rep￿t Indudod wthin the trustees, r8POrt.
We have nothing to report in respect of the Idltr*ing rnatteTr In relatth io whlch the Companies Act 2006
require(sl us to reFth lo you ff. in our opinlon:
8dequ8t8 and proper acxfjunting records havo not be8n kepL or relums adèquate f(Y ¢)ur audft have not
been received from branches not visited by us: or
the financial statements are ncrt In agreerrtnt the accountiThJ recths and retums; or
ertain disclosures of tTUStees' remuneration specffied by law are rK>t rn￿e. or
we havo not recelved all the 1nlomats.on and explanalons we rwuire for wr audlt
R•sponglbllltl88 of dlro¢tor•
As gxplaSned rrw)re fvlly In the truslees. responsibTlities stateThnl [set out on p￿e 1. the trJ$le&s Ivtho are also
the directors of the charilable company for thg purposes of company law) are r8sponsit48 for tho preparation of
the financial statarnents and for being satisfied that th8y glv8 a tnje and fair view, and for such intemal control as
the trustees detemiin8 is necessary lo enable the preparali)n of finandal statements that are free from matertal
I misslatsm8nt, whether due to fraud or error.
In p￿paring the financial stalements, th8 trustees are regponslbK8 for 8S8essing the companys abS1ty to contlnue
as a going con¢em. dlsdosing. as applicable. matters relaled to g￿r0 corwn and using the goSrTrg concem basls
of accounting unless the trustees either Intend to Ilquidate the Lx)mpany ￿ to (we operatior¢8, or have no
realistic aitsmative but to do so.

Lanier Theological Education Foundation
IndependentAuditorfs Report to the Trustees of Lanier Theological Education Foundation Icontinued)
Auditorfs responsibilities for audit of tho financial statgments
Our objeclNes are to t)btain reasonable assuran￿ ab)ut whether Ihe finanaal statements as a whole are free
from material mi￿aleMent. whether due lo fraud ￿ er￿. and to issue an auditor's report that includes our
opinlon. Reasonable 88suranc* 8 high level of assurance bul is not a guarantee that an audit condu¢ted in
a¢cor(Jance wth ISAS (UK) bMII afrways detect a material misstsleThnt when it exists.
Mlsstatementg can arise from fraud or error and are COn￿dered material rf. indivhlually or in the aggregate. th8y
could reasonably be expected to influence the economic decigons of users tsken on the basis of these
financlal statements.
Irregularities, indudlng fraud, are ￿Sta￿ of non-COm￿lance wlth laws and regutations. We deslgn procedures
in line ￿￿th our responsibilities, ouuined at4)VO, to det￿t materia misstatements in r88P8Ct of irr8gularilies,
Including fraud. The extent to which prcredw8s are Gapab18 of det8cting kregularits'es, induding fraud Is
detalled bdow".
Our approach to 1dent1￿.ng and assesslng the dsks of matedal mlsstalem8nt In respect of trregUlarl￿9$, Includlng
fraud and non-compliance wrth laws and regulatsons. was as follows..
the engagement partner ensured that the engagement 10am oJIl￿￿velY the approprlal8 comp8t8nc8,
pabllities and skills to Identify or reccgnise non-compllance appllcable laws and regulations;
we identified the laws and regulations applicabl8 to the Charity through disujssions with directorsltruslees
and other management. and from our commercial kn(Y*l&Jge and exp8rionce
we focused on speafic laws and regulations which we consid&red may have a direct matsrial effect on the
financial stalements or the operations of the Charty. Ind￿ling Companh9s Act 2006. Charities Act 2011,
taxation legislation. dats protectbon. 8nti*rib&ry, enwloyment enwronmental heatth and safety
legis18tion-
we Bssessed the 8Xtent of compllance with the 18WS and regulations id8ntifiod above through rna￿ng
8Th]uiri8s of management; and
identified laws and regulations byare Ix)mmunicated within the a￿lit team regularly and the team remalned
alert to instances of non-compliance through(MJt the audit.
We a68es6ed tho Su￿ptibI1ty of the Charitys financlal statemonts to matsrlal mi8ststem8nt. Indudlng obtalning
an understsndlNJ of how fraud mbm oc￿r. ty:
making enquiries of management as to where they considered there was suSC￿billty to fr8ud, thelr
knowledge of actual, su¥pected and alloged fraud:
nsidering the internal o)ntrobs in Fdac* to mthgate rlsks of fra￿1 and nonpcompli8nce wfth laws and
regulallons: and
To ad(tress the risk ol fraud Ihrough man￿ernent bias arKI overrvae of controls. ￿￿..
perfonned analytical proc8dures to identtfy any unusual or unexF￿ted relationshlps..
te8ted journal entries to identify unusual Iransaclions..
assessed whether judgements and 8ssumpts.ons made In detemilning the ac¢ountlng estimales sel out In
Note 3 were indutNe of potential bias"
Investigated the rationale tr*hind signtfif*rrt ￿ unusual transactlons; and
In response lo the risk of irregularities and r￿￿o￿pIl8rTh wth laws and r8gulaUons. we desKJred procedures
which included, but V+Ere not limited to-
agreeing financial ststemfynt disdc6ures to undertying supporting d(Mwmgntation;
adlng the minutes of meetings of those charged with governan￿..
enquiring of management as to actual and Fthtial libgalion and dalms:

Lanler Theological Education Foundation
IndependentAudltorfs Report to the Trustses of Lanler Theologlcal Educatlon Foundatlon {continued}
Audltor's responslbllttles for the audlt of tho flnancial statements (continued
Th8re are inherent limitations in our audit prctedures described above. The more reTr)ved that laws and
regulatlons are from financial transactions, th818ss likely it is that we would become aware of nonrfomplvance.
Audlling standards also limil the audit procedures required to idontify non-complian￿ wth laws and regulatlons
to enquiry of the trustees and other management and the inspection of regulatory and legal corraspondence, 6f
any.
Material mlsstatements thal arfse due to fraud can be harder to detect than those that arise from error as they
may involve deliberate concealm8nt or collusion.
A further description of our r8sponsibilrt￿ is available on the Financial Reporting C￿nCIl,S website at..
www.frc.org.ukJauditorsresponsibilities.
This descTiPtion foms part of our auditor's reF(Mt.
Use of our report
This report is made solety to the ¢haritable company's members. 8s a body, in a¢cOrdan￿ with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
company's members those matters we are requlred to state to them in an auditor's report and for r¥) other
purpose. To the fullest extent permitted by law. we do not a¢￿pt or assume responsibilty to anyone other than
the charltable (x)mpany and the charltable company's members as a body, for CAJr audit work, for thi% report or
for the opink)ns we have formed.
/// &3-
Robert Klrtland {Senior Statutory Auditor)
For and on behalf of Gravtta Audrt Oxford LLP. StatutoryAudktor
First Floor, Park Central
4041 Parf( End Street
Oxford
I OX1 1JD
0*e: 181912025

Lanier Theological Education Foundation
Statement of Financial Activitses (combined income and expenditure account)
For the Year Ended 31 D8cwnber 2024
UnTr¥tsict•d
Funds
Funds
Fund8
Fund$
2023
Total
2tr23
2024
Not•
Grants
8,1￿.975
6.1￿.975
3.951,780
3,951.780
Dc￿aLK￿5
and kgac188
I￿2,746
102.746
17.460
17,460
Total In¢omo
6,29&721
6293,721
3.W.240
3,969.240
Charitab
EweTh1￿jre
.273.123
I1￿J.
1.W26.1131
1177,287
2.103.400
N¢t Incom•
4.￿20,598
119).552}
3.830.046
2.043.127
1177,287
1,8￿,840
Net
in funds
4.020.598
I1￿.552)
3.830.D46
2,043,127
1177.2871
1,885.840
Fur¥Js 81
1 Janwy
2.161,677
1&625.628
1,787.303
118.&fj0
18,802.913
18.921.463
Net
4,tr20,598
I1￿,552)
3,&XI,046
2,043,127
1177.2871
1,865,840
Funds al
31 Dec•m￿r
6,182,275
18.435,074
24.617.349
2.161.677
18.625.626
20,787,303
The notes on pages 13 to 22 fc*m part of these finanual statements.
10

Lanier Theological Education Foundation
Balan¢• Sheet
As at 31 December 2024
2024
2023
Flxed assets
rangl￿e assets
21769.754
19.428,592
Current assets
10
1*613
1,388,694
Cash at bank arKI in hand
11
914711
920,454
1.071.324
2.309,148
Currgnl Ilabllltles
Creditor5.' arnounts fdling
due ￿thin one year
Not currenl assets
12
{223.729)
{950.437)
847.595
1.358,711
Net assots
24617.349
20.787,303
Capltal and reserves
Restricted fu￿lS
18,435,074
18.625,626
Unrestricted ￿ndS
182,275
2.161.677
Not assets
24.617,349
20.787.303
. The financial statements were approved aufvised for issue by the tThrd and We￿ sign
. on its behaf on 28 August 2025
P Lindon
. Trustee
' The rKfytes on pages 13 to 22 foTh part of fina[￿la1 statements.
11

Lanler Theological Education Foundation
Statement of Cash Flows
Forthe Year Ended 31 Déc•m￿r 2024
2024
2023
I Cash flows from operatlng actfvttles
Net movement in funds
3,830,046
. 1,864.940
Adjustmonts for.
D8preciatsn of tangible assets
517,727
190,439
D8cTras81 {iTNxease) in deblor5
1,232,081
(1.277,5261
Increase l {d8crease) in credTt(Ks
In6,708)
483.523
Net cash provlded by owatlng actlvlu
4.853.146
1,261.376
Cash flows from Investing aclmtles
Purchase of taroible assets
14.858.889)
15.698.281)
Nèt cash US￿ In Invostlng actlvltlès
(4￿58.889>
{5.698.281)
N•t (decre￿) In cash and cash oquival8nts
(5.7431
(4.436.905)
Cash and cash equNalents at beginning of year
5.357,359
Cash and cash equlvalents at the end of y&qr
914,711
920.454
Cash and cash equlvalents at the end of yaar comprlse:
Cash at bank and in haTrJ
914,711
920.454
. The notes on pages 13 to 22 fonn part of these financi￿ staternonts.
12

Lanier Theological Education Foundation
Notes to th• Flnan¢i41 Statsm?nts
For tho Year Endod 31 Dg¢8mbor 2024
General Inforniatlon
Lanier Theological Education Foundation is a Charity limil&l by guarantse whith is incorporated in England
and Wales. The registsred company number is 13541047 and the prin(ipal offi¢e address Is Yamton Manor
Church Lane, Yamton. Oxfcffd, OXS 1 PY.
A￿oUntIng pollcle8
2.1 Ba81s of preparatlon ot flnonclal ststemonts
The financial statements are prepared under the hith￿1 cost CxMvenOon And in accordance with
the Accounting and Re￿ting by Charities: Ststement of Recommended Practice applicable lo
charities preparing their accounts In accordance with the Flnancial RepMNting Standard appllc8Ne in
the UK and Republic of Ireland {FRS102) leffecttve 1 January 2019) - (charit￿ SORP {FRS102).
the Financlal ReporUr¥J Standard applKabie In the UKaTh3 Rewblic of IrelarMI (FRS102). the Charit188
and the Companies Act 2(X￿.
Th8 preparatton offfin8nd￿ statem8nts in r￿mplI8neo wlth FRS 102 requlre8 the us8 of(¥rt8in uib'c81
accountirvJ estimates. li al80 rwuires management to exercise ludggment in applying th8 Chartys
accounting pc4icie8 (see note 3).
Tho fdlowlng prlndpal acxxwntiTrJ Fdidos have tjeen appllgd:
2.2 Golnk ¢one•rn
At Ihe Ilme ol approvtng arxounts, the Irustees hav8 a reasonable expectatlon that the Charfty
has adequate resourc89 to L￿￿nUe In 0￿ratIonal 8XiStence for the foreseeable fijture. The trustees
b81th that bl Is apwowlate lo prepa￿ the xo)unts on a going fA)ncem basls.
2J For•lgn ￿Vron¢y tr•n•l•tlon
Funcllonjl and prowntallon currency
The Charws funcllonal and pre8entalbn81 Is GBP.
Transacttons and balanc8•
Foreign ¢urren¢y tran$8¢th)ns we translat&J Into the funcllonal currerry uslng the spot exGhan9
rates at the dates ofthe transactlons.
At each pedod end I￿eIgn currenw monetary ite￿ts are translated using the dosing ratg. Non-
monetary items measured at historic*1 L￿t are translated using the exchange rate at the dale of the
transaction and non-rrrf)nelary items measured 8t fair value are rn&￿Ured using the exchang8 rate
wtren falr value was detwminod.
2.4 Incom•
Income is reo)gnised in th8 Staterrent of FlnarKial Adivltles when the Charity Is legally entitled to the
income. tt Is probatAe that the income will be recerved and the amount can be quantrfied ￿th
reasonatrAe accuracy
13

Lanier Theological Education Foundation
Notes to the Flnanclal Statemènts
For the Year Endod 31 Decomber 2024
Accountlng pollcles (contlnued)
2.5 EXp0ndl￿re
All expenditure Is ac£ounted for on an aCxn￿L￿ basis and has been da&slfied under headings that
aggregate all costs rekted to th8 category. Vlhere costs cannot be directly attributed to parfjcular
headings they have been allocated to athitjes on a basls consistent with use of the resources.
Govemanco costs are those incurr8d in cOnn￿lon with GovemarK8 of t￿ Charity and &)mpliance
with constibjlional and statutory requirements.
Redundancy COBts ar8 recognl8ed as an expe￿ In the Statem8rrt of Flnandal Acti¥ltles and a Ilabll
on tho Balanco Sheet immed￿1￿Y at th8 ￿Int the f￿ndat￿n is demonstrably commltted lo elther..
tennlnaté the employff*nt of an employee or group of employees before normal retirement date., or
promde temiination be￿fits as a ￿Utt ol an offer mad8 in (Yder to encourage voluntary redundancy.
The F(yJndation is considered lo be demonstrably wmmitttid i)nly it has a detailed forn￿1 plan
for the t8rminatson and is tht re4ists¢ of wlttrth￿l from the pk8n.
2.6 P•n8lon•
Pensfon contrltthons are pald into personal pen8iOn 8ch8mes on the 8￿ce of Indep8nd&nt financlal
ad￿SOr8. Pen81on rJ)sts are charged to the Stalem8nt of Flnandal Actfvttkn ac(y)unt on an accruals
b8$1$.
2.7 Tanglbl• flx•d a88•ts
Fixed assets are stated at cost less aLumul8ted thpreca'ation. Flxed assets with a cost ￿lOW £1,000
are not capitsli8ed.
Depreuatron is charged so as to all(Thte th& cost of a888ts less thelr residual v￿u6 ovor thelr
estimated uselul lives.
OeFYeclation Is p￿ded on the followkng basis:
Freehold Land and BuikJiry$
Improvements
Flbre oplic
Plant and ma¢*inery
Molor vehides
Nelwork infr8$truthire
Fixtures and Fittlngs
ComFXrter equipment
FirewalVSocurityWIfi
- Stralght line over g) years
- StraSght Ilne over 50 ye8rs
- Straight Iln8 over 25 years
- Straight lin8 over 3 years
- Stratght lir￿ over 4 years
- Straight li￿ over 10 years
- Straight lirn over 4 years
- Straight line ovar 3 years
- Straight line over 5 years
14

Lanier Theological Education Foundation
Notes to the Flnanclal Statgmonts
For th• Y•ar Endod 31 De¢embor 2024
2A Dobtors
short.term debtors are measwed at transth prk*. less any impalm8nt. Loans recervable are
measured initialty at falr value. nel of transaction costs. and are me0￿red subsequently at arTh)rttsed
cost using the effective interest meth[￿. less any impairment.
Accounting poliele8 (conlinu•d)
2.9 Cash and cash •qufval•nts
Cash Is represented by cash in hand and deposits with financlal institutlons repayable wlthout penalty
on nollce of not more than 24 hours. Cash equivalents are highly liquid inv&stsn8nts that rnalu￿ In no
nKKe than three nkxths from Ihe date of wuisition and that are r8adlly ￿n¥artIb￿tO known amounts
of ￿$h with In￿gnIfiCant risk of change in value.
2.10 Cr•dltors
Short-term creditors are measured at the tr8nsa¢*iM price. Other financial liabilities, including bank
loans, are measured initially at fair value. nel of transactlon costs. arthj are moasured subsequently al
amortised cost usiro the effective int8rest meth¢)J.
2.11 Flnanclal Instrumonts
The Ch8rity onty has finanaal assets aTrJ Ihqbilths of a klnd th81 qualify a$ basic llnanclal instruments.
Basic finandal Instruments are initidly r￿n￿d at transaclion valuo and sub8equontly measured
at their seluement value.
Judgom•nl• In apptylng ac¢ourrtlng pollcl•s and koy 8our¢M of •stlmatlon un¢ortalnty
In the application of the charitable o)mpan*8 acxxunling wlKyes. tho Trust688 are requlred to make
Judgemenls. esttmates and assumpkn'ons ab￿Jt the carrylng alr￿nts of ag98ts and Ilablllties that are not
rgadlly apparent from other sourr*s. The estlmate8 and asscKlated assumption5 are based on hl8knrfcal
experience and other factors that are I￿nsK￿ered to be rel&vanL Actual rosults may differ Irom these
e8tlm8tes.
The estimates and underlylng 88sumplons are rev18we￿ on an ongolTr3 bas15. RevL￿on8 to accounting
esb'mates are reccwjnised in the Feriod in whlch the estimgts is rewsgd rf the revision affects onty that
pericKI, or in the year ofthe rovision and fu￿re pwh)ds rfthe revisM)n affects Lx)th ¢urrent and future periods.
There were no ludgebrent or material estlmalicm Un￿rtaIntieS 8ffedir¥J the repytsd financial porfomance
in the current year.
15

Lanier Theological Education Foundation
Notes to the Financial Statemonts
For the Year Ended 31 DoG8rnber 2024
Grants recelvable
Year endgd 310e¢ember 2024
Yearended 31 December 2023
Unrestricted Restrirted
Total Unrestricted
Restricted
Totsl
Fuds
Funds
Funds
Funds
Lanler Theologlcal Llbrary Foundatlon Grants
Refurbishments and
operations
6.190.975
6,190,975
3,951,780
3.951,780
Charitable expenditure- Yamton Manor Costs and donatlons to slmilar charltles
The following table relates to the year ended 31 Dec6mber 2024:
Charltable Goveman¢e
Costs
Support
Costs
Totsl
Staff costs (nots 7)
Legal fees
Consultancy
Facilities
Exchange rate differences
Travel and entsrtalnment
Donations
405,868
405.868
59,474
59A74
1,693,850
114,306}
11,156
191.180
2.602
1,693,850
(14,306)
11,156
191.180
2.602
12,300
Audit fe85
Ac(ounts pTrparation
Outsourcing and othw advice
12,300
101,554
101,$54
2.290.350
71,774
101.554 2.463.678
16

Lanier Theological Education Foundation
Notes to the Financlal Statements
For the Year Ended 31 December 2024
Charitable gxperHlityrg- Yarnton Manor Costs and donatlons to slmllar charltles (contlnued)
The follcpMng table relates to the year end&J 31 December 2023:
Charttabl• Govemance Support
Costs
Costs
Total
Staff costs (note 7)
Legal fees
Consullan¢y
Faalilies
Exthange rate dtfferences
Travel and entertainment
Donations
Other
Audit fees
Accounts preparation
(knourciNJ and other a¢fvtce
291.826
99.469
1.200
1.338,082
12.135
9.740
151,500
21.634
291,826
140,320
1.200
1,338.082
12,135
9,740
151.500
21,634
11,700
8,979
117,184
40.851
11.700
8,979
117.184
1.925,586
61.530
117.184
2.104.300
Audltoes romurbgrauon
During the year. the Charty obtained the fdlthMr*J from the Chartys aL*Jitor.
2024
2023
Fees payable for the audit of tho Chartvs annual finanryal statements
12,300
11.7CNJ
Other faes
4569
16.869
11.7C
17

Lanier Theological Education Foundation
Not•s to tho Financial Statements
For thg Ytrar Ended 31 Dgcgmbgr 2024
EmplO￿oS
2024
2023
Wages and salaries
373,329
276,730
Sccial securTty costs
23￿16
10,230
Defined CL)ntribubon pension scheme
9,023
4,866
405
291,826
The average M(￿ number ofemployees during the year was 9 {2023- 5).
No salaries were paid to Trustees. The key management P8rsonnel in the year were Damd Aeming and
Beverfy Fleming. employees ofthe f(wndalM)n. The key management personnel remuneration for the year
totslled £111.435 {2023- £111.146).
Two people pald bet¥*een £60,LKM)- £70.CO) in the year (2023- one).
In the year ended 31 DecemEw 2023, a £30.(KK) redundanry Foyment was paid. which is induded in the
wages & salaries figure at*)ve and measur￿£ in a￿Orda￿ a(￿UntIng polioy 2.5. There were no
redundancy pa￿nents made in 2024.
Taxatlon
The Charity is exempt from tax on In￿Me aNI galns falling wrthin sectlon 505 of the Taxes Act 1988 or
seclion 256 of the Taxation of Chtrgeable Gains 1992 to ts extent that these are applied to its
charitable objecls.
18

Lanler Theological Education Foundation
Notes to the Flnanclal Statements For the Y•ar Endod 31 D•c•mber 2023
Tanglble flxed usets
Frfrehold
Lond and
Bulldlng* Improv•monts
Flxturo8
and Comput•r
Flttlngg •qulpmont Flbrn optlc
Flr•wall,
8e¢urlty
and Wlfl
Plant and
machSn•ry
Motor
Notwork
v•hIc1￿ In1rn8tructur•
Totsl
C¢8t or valulltlon
Al 1 January 2024
9,700,065
9,255.996
13,536
361,489
2,298
29,808
99.739
120,433 19,622,186
A(Idltlon6
1,585,817
3,067.337
69,922
7,289
88.183
20,945 4,858,889
Al 31 O•¢•mb•r 2024
11,265,882
12,323.333
13.536
431,411
9,587
98.218
29,808
167,922
141,378 24,481,075
D•pr•clatlon
At 1 Jonuary 2024
70,538
67,637
7,093
35,017
1,263
342
3,726
2,254
5,724
193.594
Ch8Tge thg year
177,120
184,$61
4,431
98,720
1,5
2,973
7,452
13,836
27,084
517,727
At 31 D•combor 2024
247,658
252.198
11.524
133,73Y
2,813
3,315
11.178
16,090
32,808
711,321
Net book valué
At 31 Decembor 2024
11,018,224
12,071,135
2.012
297.074
6,774
94,903
18.630
131,832
108.570 23,769,754
Al 31 D8rhmber 2023
9,629,527
9,188,359
326,472
18
1,035
36,480
26,082
97.485
114,709 19,428,592

Lanier Theological Education Foundation
Notes to the Financial Statèménts
For the Year Ended 31 D0￿mber 2024
10. Debtors: amounts falllng du• wlthin one year
2024
2023
Accounts Rec¢Nable
3,686
Ar￿Unts owed by group undertakings
Other debtors
10,856
Prepayments and acryued Inccffie
152,927
1,374,892
156,613
1,388,694
An￿unt8 owed by group undertakings are unsecxxed, repayable on dem8TrJ a￿1 interest free.
11. Cash and cash equlvalents
2024
2023
Cash at bank and In harKI
914,708
920,454
11 Credltor8: amount8 falllng due w5thln one yoar
2024
2023
Trade creditcffs
111.660
834,062
other taxation and sodal security
19,667
13,479
Other credklors
2.272
186
Accruals & deferred Income
J.130
102.710
223.729
950.437

Lanler Theological Education Foundation
Notes to the Flnanclal Statements
For tho Y•ar Endod 31 Decombgr 2024
13. Statsment of fvnds
Balan¢8 at
31 Decomber
2024
Balanu at
1 January 2024
Incomo
Expgndlture
Unreslthcled funds
2.161,677
6,293,721
12.273.126)
6,182.272
Restrlcted fvnds
18.625,626
(1￿,552)
18,435.074
20,787.303
8.293.721
2,463,678
24.617,346
The restricted funds relate to fvrtherlTr3 the establishment and malntenanL* of a theologi￿1 Ilbrary.
Balanc• at
31 Docembor
2023
Balance at
1 January 2023
Incomo
Exwndfturo
Unrestrl¢ted fur￿8
118.550
3.989.240
(1.926,113)
(1 TT,287)
(2,103.4001
2,181,677
Restrkted furKIs
18,802.913
18.625,626
18.921.463
3.969,240
20,787,303
14. Anatysls of nol aM•ts bgtwe•n fund•
At
31 December
2024
847.W2
847.592
Tanglblg fixod assots
5,334,680
18.435,074
23.769.754
6,182.272
18,435,074
24,617.346
21

Lanier Theological Education Foundatlon
Notes to the Flnanclal Statements
For th• Y•ar Endod 31 December 2024
At
31 De¢ember
2023
Unre•tiictad
Net ￿rrent 8SS8ts
1,358,711
1.358,711
Tanglble fflxed assets
802.986
18.625.626
19,428.592
2,161,677
18.625.626
18.921.463
1S. Commltm•nts undor op•ratlng IDa888
The Charfty leases out Lqnd al Yamton Manor under a nonvcancallable opernlThJ b8a88 for the followlng
ftrture n￿nImuM lease payments. There are no contingent rents.
2024
2023
3,028
3,028
Not later than 1 year
3,028
Later than 1 year and not later than 5 years
3,028
6.056
16. R•lal•d party tranuctlon•
During the year. the foundation receTrMJ grar)ts and dOr￿On3 totalllng £6,1 ￿,975 (2023 - £3.951,780)
Lanler Theologl¢al L￿ary FourKlats'on: a chty b8ged in Texas. USA of whlch B Lanl8r is a common
trusle& l$ee note 4).
Durfng the year P Undon was Charged £2.110 for an event held at Yarnton Manor
17.
Capltal Ctynmltmonts
At the year Br￿ the foundat1￿ was wnmltted to the ojnpletion of ￿lIdIng work on the Bam Library. The
estimated Cost of o)mpletion was £3.292,308.