Report of the Trustees for tho Year Endod 31 D•¢0mr 2024 The Trustees present their ReFQrt togelher witt) the Income and Expwditure Accounts of the Cotlege of Preachers for the year ended 31 De(xnber 2024 REFERENCE AND ADMINISTRATIVE DETAILS The College of Preachers Trust- Charity No. 220764 Trustsgs durlng tho year Mr Graham Pearcey The Revd Canon Rcger Spiller (Chair) The Revd Canon Chiislopher Sto Dlreclor of Trainlng Treasurer The Revd Dr. Jennlfer Brown Mr David 8arl Edltor of The Preacher The Revd C8non Dr. Chrlstopher BUett Registered office 138 HelleSd Park Road, Nolth. NR6 5DR Independent Examlnor Mrs Gill TaOr AMCA Bankers Bardays Bank. Leicester. LE87 2BB Invesknenl ManageryJ EC4R 3AB CCLA Inv8stm8nl Managernent Llmit8d. One Angel Lano, London, STRUCTURE, GOVERNANCE AND MANAGEMENT The College was established by Trust Deed dated 15 March 1962. supplemented by a Deed of Variation of Trust date(127 November 1968 and with further vaiiations to the D88d of Tru51 in 20118nd 2018. Tru8ts88 The College is managed by the Trustees of the Charity. sitting as an Executive ConThittee. The Executive can also vote rm to the Commlttee other Members as they see fft. All other rnernbers of the Executive except the Treasurer are Trustees. Organlsatlon The Executive Commtttee met wularly in 2024. by Zoom on most occasions with the Director of Training. The members of the Committ88 are. if n8Ssary. rx)nsulted by email on major issuas. Within the policy set by the Executive C(¥nmittee the fesponsibility for the day-tdaY Irainlr adivities is delegatgj to the Director of Trainiry. The administration of the College continues to be handled by the Trustees topther *ith the Treasurer as a ccpopted membèr. Members of the Executive Ccrfnmittee are a strategic body wilh indriiduals taking responsibility for specific proiecls and rewKbng bad( to the Commee. We are thankful for the services of our DiTBctrY of Training who contlnues to contribute significantly to the work of the College.
Related Partles Since January 2018 Hymns Ancient and Mcéem have pU1lshed Yh8 Preacherf magaine, paying a commission to the College to do so. Risk Management The Trustees gUlartY review the risks that the College might face. which nom)ally late to the level of membership and th8 finances of the College. They o)nsider Ih8t arrangements have been set up to miligale such risks as have been idenb'fied. No major risks have been identified at this stage and the review of risks is now an (¥ng task in accordance with the advice of Ihe Ch8rity Commission. OBJECTIVES AND ACTivmES Oblecllv•s The primary object of the College is the 8o%tancement and promotion of religion generally and In particular by the prowsion of religious educakn'on and training. The College is ecumenical and covers all Christian denominations. Subskliary purposes contsined In the original Trust Deed include". the estsilishment and maintenance of a college to assist those who are engaged in proaching and leachiro the word of Gcxd". and the organisation of cours8s of lectur88 and the provision of Individual tuition to those engaged in preachin9. Acllvltles The AGts'vilies 8rnployed to achieve the College's oblectlves Indude". publishing a quarterly joumal IThe Preacher) wilh articles on praachlng, outline semn8 r6lath.ng to th818Ctionaries in general use and olher material relevant to preachers, holding short courses on various aspects of preathing. either at the request of particular r81igious groups or on an open basis, holdlng Oa$h)nal major residential conferenc*s and other events on preachlng, maintairirvJ a website (W4YW.cdl6g8ofpreachers..Uk) aim8d at supporting preachers, providing advts and supm to persons engaged In preachlng and those training preachers. Publlc Beneflt The Trustees have had regard to the guidanc8 issued by the Charity Commission on public benefit. They consider that the Cdlege is of wblic benefit by, inter alia. encourdging th proclamation of the Christs'an religion., encouraging ecumenical ccN)peration between dlfferent strands of Christianity" and prowding unrestricted education in skills and methods of public speaking.
REPORT ON THE COLLEGE AND ON rrs ACTivrriES FOR THE YEAR TO 31 DECEMBER 2024. FINANCIAL REVIEW The financial results for the year were again satisfactory. resulting in an operattng surplus for the year of £1,157 {2023 £2,615). which was increa*J. by the inc¥ease in the valu8 of inveslments, to £2,71512023 £8,466). In 2024 the G(Alege's ino)ming reurCeS were £22,564 slighly down on 2023 of £23,115. Wlth exp8ndilure of £21,407,12023 £20,500) this to the modest op&rdting surplus of £1,157 {2023 £2.615). However, £2.758 has been pald as a nonthndable deposit for the 2025 ts)nferenrA. Commission from subscriptsons to the Preacher magain8 c£)ntinu6s to be the main source of income at £13.814 (2023 £14.370) although this was bwer due to one off investment in the webslte. Subscriplbns for 2024 were some 1074 {2023'. 1016). The value of the investments at the year-end vms £69.596 (2023.. £68,038). This logelher with the modest surplus has resulted in a balan of funds carried forwar(1 at the end of the year of £106,145 (2023 £103.4301. R•serves To 8n8bl8 the College to malntain Its cor8 actlviti8S. the Trustees o)nsider that liquid reserv8S equivalent lo al least hvelve months regular operats'ng expendlture are required. As will be seen from the details in the accounts, whilst more than this is held at present, the Trustees consider the finan¢g8 lo be satisfactory. given thallenges In the fUre. Roport on tho Edllorfal Board 2024 'The Preach8rf18 the quarterfy loumal of The College of Preachors.11 ¢ontsin8 comp18t8 $8mions for every Sunday or red-letter day in the quarter in quèstion - a practical resource to refer to every week. It also contains book remews.. news of training opportunities from the College and Festivals of Preaching; and feature artides - whith focus on a dÉfferent th8mè for each edition. The four themes featu in 2024 were 'Leaming preaching.. 'Preachlng 88 8 performance,. 'Novels and preaching, and 'Eschatdogy'. Future themes in the planning stages include 'The EpSstles', 'Reachlng Generdtlon Z. 'Raaal }ust6ce' and 'Preathing stsrs {leaming from Ihe past).. Subscripllons the joumal have o)ntinued to iaSe steadily. reaching approxrnately 1.100 by the end of the year. Responslbility for putting the Joumal and its ac£s)mpanying website tCwJether rested thls year with Heather Smlth of Hymns Anclent and Mctyjem I'Hymns'} - the Managing Editor - and Emily Noyce, also from Hymns, the Marketing Executive. On the College side they were jolned by Matt Allen, Reviews and Rosources Edilor. Ouncan Macpherson. Features Editor; and Graham Pearcey. Rob Esdaile and Catherine Williams. Commis9(Ing Editors for sermons from Nonconfomist. Roman Catholic and AnglIn preachers. Last but not least the role of Editor transitioned seamlessly dunng the course of 2024 from Christopher Burkett, who'd c8rried out this role for an amaang eleven years. to Jo Logan. the Direcfrff of Reader Tralning at St Hild College, Mirfield. The Editorial Board are partbcularty proud not on4y of their ovm e(wmenical makeup but also of the diversty of authors who submitted artides. rewew5 and serynorB - vthich this year induded lay and ordained preachers and academi(s from Cathdic. Greek. Anglican. Methi)disL United Refomed, Baptist, Church of Scolland. Nazawe. Salvation Army. CongrgptTronal Fwjeration. and a widg range of Black majortty traditions.
Preacher Tralnlng 2024 Acthiltlos W0shoP and each of the Inrf)ws(xJ lOPS had approNh• 10 booldng& W8 provkjed two bestha training events In 2024. on8 for Brfstol Dlocese and on8 ttwt Involved provfdtng 3 We joined Bluesky and (th k) 8(X1M Iran Throth and18ft Twltter In De(%ntw 2024. Pcts tve IY been to promots %rklS and have PriMarf been done by Ihe Dkector Tr8lniTrJ. In Adrt ts Dlrfjdtr dld a dally of a Yhought for the day. IAallings about workSPp8 and 0th8r events Thwe managed by PtyTnn8 malKr¥Js x Worksho were 88nt ty Dirthr to Churth rf Er1 RryYAn Catr)ollc dlocew otrr denomlnafjon8. TEls and other theolog1 coll. Proachgrn. Fonmi and oth•r Ro•¢ The Pre8(th' wNth PTe8ch8rn h8ve a 8pa¢a to dl8CUa8 )gether 8 Frtt(wlar to¢ rebvartt to weathlNJ. 8 theme for prnachlng. or s818¢t blbllcal paswes. This fKJt Ind any InwE from 8 Iljtor or olhar expart l)ut18 In8tead 8n for pow-ttspeer 81th of experlwK8 and good practlce, and mutual enCwnl Altw¥Jarth vath tKrt18 wwrally 15 and 20 p80pIe. subjects. from the Ihlrws that recorded durk¥ lockdm In 2020, Ihe pand d18CU88lon ( Intercuibjral preachlng. recorded In 2021. to Interv1 preachlng about fam anlmal W8ifare, 8bout monèy, about the IiYyJtm of Okl Test for prnathlng. and pr89chlr aboirt safeguardrKJ. Tha confererKo Inllw tjr 2024 be to 2025 bU8e of 8 dash wtth HYM Anderrt & Paodan'8 Fethd ( Preathrvj. Tho d8105 ar8 11 Sepigmb8r 2025. Thè Irw of the txthrth Is Tr WorKl8r of Wryth,. Dr Margaret Coollng. author and lay pr. wlll be tr k8m speaker. There vall ba a rango wrrkshy on tho u80 of words In Thank Y Tho Tru8t8e6 woukl IH(e to Wl rnLxxC ur ape1* to th• Dtrectcy ofTr8lnlng, Th8 R8vd Dr Jennifer Brown, and to ow TreB8urer Mr Davhl Bathx. In partlujlar tha Tru8tae8 th8nk the years. For on beh8Ff of tho Tiijstees
Independent Examinerfs Report to The Trustees of the Collago of Prnachers. for the year ended 31 December 2024 This report is made solely to the Chanty's Trustees. as a body, in accordance with Section 145 of the Charities Act 2011. My examination has been undertaken so that I might state to the Trustees those matters l am required to state to them in an Independent Examinerfs Report and for no other purpose. Respectlve responslb115tles of trustse and examlner As the members of The College of Preachers, you are responsible for the preparatlon of the accounts, and you consider that an audit is not required for this year under Section 144 (2) of the charit Act 2011 and that an independent examination 18 required. It is my responsibilty to.. examine the accounts under sectTron 145 of the 2011 Act; 2. to follow the procedures laid down in the general directions given by the Charity Commission under section 14515) (bl of the 2011 Act.. and 3. to state whether particular matters have come to my attention of a material nature. Basls of independrt examlnerfs report My examination was carried OLrt in accordance blith the General Directions given by the Charity CommissFoners under S145(5) (b) of the Act. That examination includes rewew of the accounting records kept by the Charrty and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as Trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an aLKIrt and consequently I do not express an audit opinion on the vTr8w given by the accounts. Ind•p•nd•nt Examlnorfs Stat•m•nt In connection with my examination, no matter has come to my attention: (a) which gives me reasonable cau8e to believe that in any material respect the requirements.. 1. to keep accounting records in accordance with Section 130 of the 2011 Act. and 2. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Ad., have not been met., or (bl to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed.. Gill Taylor ACMA kf l¥cM41 Dated: 6 February 2025
THE COLLEGE OF PREACHERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 INCOME AND EXPENDITURE Unrestricted Notes FuTrJs Restricted Funds FUNDS 2024 FUNDS 2023 Income from charltable actlvltl•• Voluntary Income Acliv1ti6s for gen8r8tlng fun¢J8 Investment Income Income from charitsble activile8 1,851 13,814 3,243 1,851 13,814 3,243 3.656 22.564 2,140 14,370 2,875 3,730 23.115 2d Expendlture Costs of generallng voluntary Inc4Jme Fund-raislng trading costs Charitable activlti68 Govemance costs Total r••ourc•• expend•d 21,307 100 21.407 21.307 100 21,407 20.310 190 20,500 Ex¢•88 of In¢om• ov•r Expendbtur• 1.157 1,157 2.615 Increase {Dec¥ease) In v8lue of Investment8 1.558 5.851 Increase Idecreaso) In Funds 2,715 2.715 8,466 Transfors bth•n Funds Funds brought foward 1 J8nuary 2024 103.430 103.430 Funds carrled forward 31 D•c8mb•r 2024 11A.145 106,145 103,430
THE COLLECE OF PREACHERS FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2W24 TOTAL FUNDS 2023 FUNDS 2Q24 N(88 Fund FuTrJ8 Church of En9hnd Inve8lment Fund Income Uth- 2332.57 &lwe8 09 68,038 BarclayB SeGtetary A¢ax•nt 5.301 OA01 Church ol Oepo811 Al]nt 27,700 102,597 27,700 IOIS97 24,782 90,386 4,143 L•8• Cr•dlti 100 Total A888t8 11,146 1K145 103,429 R•presontad ty UnTtrIctsd Funds IW145 103.429 106,145 103.429 Approved by the Trustees of the of Pres at th* m88llng JY 4 W25 ¥¥J SW on Ihelr beha The Rev'd Rc#Jer StAiter Chatr Tha aCLximp8nfvu rKJta# forni pwt of Ih8s• Iln•ndal st8twnffjl#.
THE COLLEGE OF PREACHERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS Accountlng Pollcles The finanaal slalements have baen prepared using the Acfflials basi%. Th8 accounts include all mon¢18ry Insacti)n8. assets and liabilit195 for whkh th8 Trust is rgsponsiblg ui law. Funds Unrestrirted funds are genefal funds whlch can be used for the Trust's ordlnary purp05e5. Re5trlcted funds represent lal donation5 or grants received for a specific object or invited by the Trust for a spÈclfic oblect, and Ibl Income from trusts and endowments which may be expended only on those restrirted oblects provided in the terms of the trust of bequest. The funds may only be expended on the Specific obSect for which they were given. Any balance remaining unspent at the end of the year must be carrled forward as a balance on that fund. There are currently no restricted funds. The followlng assets are recognised and a monetary value glven as part of the descrlptlon In the Balance Sheet.. Bank and deposlt accounts.. Amounts owing from HMRC where a formal claim has been made,. Investment assets. Llabllitle5 are reco8nlsed and a monetary value given in the Balance Sheet where the supply had been recelved by 31 December.
THE COLLEGE OF PREACHERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 2 RECEIPTS TOTAL FUNDS 2024 TOTAL FUNDS 2023 unrestlterd Fund$ Voluntary Incorne Sundry donations Gift aid recovered 1.785 1,785 66 1,851 2.C67 73 2.140 1,851 Aetlvltl•s lor generatlng fund• Magazlne Income 13,814 13,814 14,370 Investment Incom• Dlvbdends and Intere81 3.243 3.243 2,875 Incom• from Charltable AxtlvlUe• Training and conference 3.656 3,656 3,730 Total r•c•lpts 23,115
THE COLLEGE OF PREACHERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 3. PAYMENTS Charltabl• Actlvltl•• Dlrector of Training Trainlng and S8mln81¥ Conferenc8 2025 Deposlt Tutor Costs PrSntlng and 8tsUonery In8uran¢¢ General management costs 17,084 1.898 742 891 17.084 1.898 742 891 15,249 619 2,016 939 140 465 465 182 465 182 21.307 21,307 20,310 Tho College ha8 P8ld an unrefundable deposit lor the 2025 conlorer of £2,758 Independent axamlnation fa• Bookkeeping seNice8 EXul1Ve meellng 8xpenge8 100 1C 100 Total p•ym•nts 21.407 21,407 20,500 Execulivg meeting expenses mainly compriso Twstee Exp6ns8s £NI (2023 £• ). 10
THE COLLEGE OF PREACHERS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 4. STATEMENT OF BANK DEPOSITS AND INVESTMENTS Al 1 Jan 2024 Transfer & Expenditure Gains and Losses Income 31 O•c 2024 Unr•strlct•d Funds . undMlgnat•d 103.430 -21,407 1,558 106,145 103,430 22.564 (21,407) 1.558 106.145 Total bank and curr•nt account• Thè Unrestricted Reservo5 are av8lLqe for day to day income 8nd expenses. Its assets are hekj in a Barclays cuent Account and CCLA Investmènt and Deposll Accounts. li