Charity re8¥trotion number Z83011 Company re8lStrn￿0n number01758668 lE￿Iand and Waknl ANNUAL REPO1￿ A140 FINAPICIAL STATEMENTS FORniE YEAR ENDED 31 AUGusf 2025 ST AUGU5nNfscoLLEGE OFTHEOLOGY LEGALAND ADMINISTrATIVE INFORMATION TNslees The Rwd D aifton Btshop M Gatnsboffjugh Ichalrl The Rev'd Dr A Gregory Drj Moss The Rev'd N Stan￿V Mr A Strawson The Re¢d Canon R Sv4Er th•rlty nuM￿r 288011 Company number 01758668 52 Swan Street West Mallin8 Kent ME19 6JX Audltor TC Group Stsr Houst siar Hlll Ktnt MEI IUX ST AUGiisfiNE'S COLLEGE OF niEOLOGY Tru5tÈes' report Independent auditols report 8-11 Statement of financlal actlvltles 12 ststement of financtal poslyon 13-14 ststemtnt of cash tlows 15 Notes to the flnandal Statements 16-29 ST AUGUSTINE'S COLLEGE OFThEOLOGY TRusfEES' REPORT{INCLUDING DIREcfoRS' REPOATJ FOR THE YEAR ENDED31 AUGUST2025 The trustees present thelrannual report aThJ financtal ststements fortheyear ended 31 August 2025. The finantial statements have been prepared In accordance wlth the accounting policies set out in note I to the flnancial statement5 antl comply with the charitsble company's Memorandum and Athcles of A$50claiion. th• Companles Act 2C416 and "Accountin8 and Reporttng by Charities.. Statement of Recommended Practlte appllcable to tharities preparin8 their accounts In accordance with the Flnanclal Reportin8 Standard applicableln the UK and Republic of Ireland IFRS 1021" las amended for accounttng periods commen¢in8 from l January 20191. Oblecll¥es and athvlttes In setting objectives and plannln8 for ath¥fties. the Trustees ha¥e 8fjvèn due consideradon to general Buldance published by the Charity Commisslon rela￿nI to public bentfit and In part(cular to rts supplementsry publi beneflt 8uidance. are satisfied that St Au8USt5nt's Ineets such 8uldance. Lon8 Term Oblertl¥ According to 5t5 8overninq d¢xument. the objrft of St Augus￿ne'S Is to "advan￿ th• ch￿tIan relglon by the promotton of theologlcal edutzfjon and trainlng". St AU8u￿ne.s core purpose 15 to Se￿ Its sponsorin8 Angllcan dloceses by provldlng pro8fammes of mln15tertal formallon and theologltal educatlon. acce$51ble to people living or working in London and the Soul￿EaSt. In addltton, n)embers of gther Christlan deThXnlna￿ons are wdwme to undertake St Augusdne's theolo8lol programs •5'1ndependent'students. At present, St Avgustlne's fulffls Its core purposÈthryJu8h four atlSvttles.' Provldln8 an actredlted PfO8Tamme of mlnisterfral fom)atton through part-tlme or full-ttme study for sponsored ordained mlnlstry candidate5 from the ATh￿1(an Churches. Thls programme Is also open to quallfted caftdidates from other Chrf515an denomlnatlons. Providin8 an agreed prograrnme of mini5terlal format5on through part-ttrne stuty for sponsored candidates for Ilcen5ed lay minlmry from the Dlocese5 Ot Canterbury and Southwark. The College also adrnlnlster5 actreditat6on. manaw quality control, and provfrdes teathln8 and curriculai consuliallon. lor the post rydlnatlon programme IIME Phase 21 offered In Chlche5ter Dlocese. Making Cornmon Award5 cerfficate, dlpbma. &4 and post graduate qualificatlon5 (Graduate Dlploma.. MAI available to Students interested in theologlcal education but not trnlning for ordination or licensed lay ministry. The College a150 supervises Ph.D. student5 by anan8ement with the Department ofThtolo8y. Unfvetsity of Durham. AUGUSTINE'5 COLLEGE OF THEOLOGY TrUSTEES' REP(IRT IINCiUDING IMRECTOILS. REPORn ICOP4TINUED) FOR THE YEAR ENDEDJJ AU6usf2025 KryPrknittts202&28 f05 per8uthe5s Ploftj Asree a 5UStaSnable aTrd mutualty benefiaal ￿aSIng and servlce relationship with the St Benedlctcentre., Increase use of Trlnity House forteathlng and as an office centre- mnltor the rem¢￿ellIng of office space. Bulld a lundrai51ng programme to pmwde 15-20% of College Income. Extend prowslon and irnprove resourcesfor onllne and hybrid teachin8. Implement succession planning forihe Principal and Tutor in WrltSn8 and Volce. Prepare for PER in 2028. Refine recruitment campaigns tsrgeted at Independent and MA students, especlally pJtenti31 TPC Students,. broaden the audientr for publlcity. both Instrtutlonal and IndNidual. Revlew and malntaln national stsndards for safe8uardin8 awareness and educalS0n. Su5taln and resource Dlscipleship for a Planet in Cr65is, developln8 partner5hlps wlth St john's. A Rocha, and ChrSsfjan Ald,. 5UPPOrt thls internally by ensuring that the envlronmental theme Is present across the curriculum. Dlverslfy LLM p￿￿Sk)n and dÈ¥elop new d14xesan SLA5. e.& for ywth mlnlstry, ew7ngellsrn, and pastoral care. Propose and Smplement the Elizabeth Pathway to secyre partlclpation from re8lonal dioceses. Investigate potential for offerin8 education In both Lim and ofdained thaplalncy minlstry,. develop thbs In conjunthon w1th Croydon Hospitsl and other hospital partnershlps. Athlth*m•nts and p•rlornwnt• Atvlew ol acttvld•s l. During the year to 31 Au8115t 2025, 5012024: 651 Mlnisterlal Students were In tralnln8 for ordlnation at St Augustine's. There were 6 Reader5 in Tralning from the Diocese of Canterbury12024- 61,. IS from the DSotese of Southw•rk12024.. 91. The Independent saw a s118ht Increase, wffR THE YEAR ENDED31 AUGusf2025 Reger¥es polky The Trustees have approved a policy on its Reser￿. which states that the ¢harity needs 5uffl¢lent free reserves to enable it to meet its tharitable obliga￿on5 In the eventuallty of an unexpected revenue shortfall. Free reser¥e5 are defined by the Charlty COMMIS￿On a5 Unrestricted Funds avallable to spend on the general purposes of the charlry and therefore. exdude those designated for particular purposes and those atready utillsed In purchaslng tsnglble assets. Free resems art £704,82012024: £￿,3961. The Trustees believe that the le￿1 of reseNes freèly avallable for Its general purpose should be sufficlent to accommodate St Au8ustine's continuing needs and to malntsin its freehold and leasehold premlses at a approprlate level, ha¥6n8 regard to the bank ffinatKe facillyes avallable to It. The Trustees revlew thls pollcy nnually. At the end of the year ended 31 August 2025 the Unfestrirted Reserve$ stood at £704,82012024'. £690.3961. Restrlrted lunds are noi available for ￿neral purposes of the tharlty. The value of re5tdtted fund5 Stood at £63,4611£2024.. £56,112). Golh8 Concern After makln8 approprlate enqulrfes, the TrU￿ee$ have a reasonable ￿peCtstIon that the Colle8e has adequate resources to cont¢nue in operaYonil existence for the forese¢able future. This expe¢t•tlon is further evldpnced bv the financlal review recently conducted by the natlonal Church wlth ￿SpeCt to ordlnation traSnlnB. For these reastsns, the Trustees COn￿n￿e to adopt the golno contem b8515 In preparlng the finandal statements. Further detslls regardlng thls can be found In the Act￿nI￿n4 Pollcbes. Crodltors p•ym•nt polkv The company's current pollcy contemln8 the payment of trade creditors Is to follow the CBI'S Pronyt Payers Code Itoples a￿ avallable from the cei, Cannon Place. 78 Cannon Slreet, London. EC4N 6HNI. The company's current pollcy concèmln8 the payment of trade creditors Is to: • settle the tem)s of payment with suppliers when aa￿eIng the terms of ea¢h transathon; tnsure that suppllers art made aware of the temis of payment by Induslon of the rèlLWant terms In contracts,. and pay In Ktordance wth the comparfs conty3Ctual and other legal obllgauons. M¢rnbers' Ilablllltles On 1Squldation of the compary. any re51dual surplus is to be trnnsferred to the Central Board ot FlnancÉ of the Church of En8land. In the e¥ent of a deficienw. Members then in office are tach required to contrlbLrto a sum not exteèdln8 £1. Structur•. yKrnance and man•ym•rt st Augustine's College of Theolog￿5 8o¥emin8 docurnent is its Mernorandum and Artide5 of ASs￿la￿on IS June 20181. It Was incorporated as a Company Limited by Guarantee on 4 October 1983. sr AUGusnNE'S COLLEGE OF ThEOLOGY TRUSTEES. RÉPORT IINauoiNG DIREcfoR5' REPORn IcopinNUEDI FOA THE YEAR ENDED 31 AUGusf2025 On I Septernber 2018. a new go¥emance strutture appr￿ ty Councll tarfier that year was Implemented. This treated a smaller Board of Trustee5 and a Counc51 of Reference consisting of repre5entatlve5 of designated stakeholders and rnemtse￿ nominated for particular skills and experience. The four corÈ diocese5 eath appolnted two people to the Councll of Reference, wlth other participatin8 dioceses appointing one. Each core di0￿Se also appointed a Member of the Company. Ihe Mernbe￿ being responsible for the Èlection of Trustees. In each case, the Member may. but nèed not, also ser%e on the Coundl of Reference. The Board of 5tudles contlnues as commlttee ofthe Board of Trustee5. The College employs a permanent stsff team of 7.4 fvlkttme equlvalents IFfEI. ltd by the Prlntlpal. thè Revd Dr Alan Gregory. Thè team tonsists ot five members of academic staff14.8 FfEI and three adminlstratlve staff12.6 FTEI. In addl￿On. several 355oclète tutor5 and part-time stsff contribute to 5peclfk a￿a$ of the College's work. The College has Introduced ￿Kular ￿afinual profÈ5slonal de¥eloprnent sèmlnan for all teaching stsff, Includln8 assoclates. St Augusttne's offite5 are based at Pa¥ House. S2 Swan Street West Mallin& ME19 W, wlth a Lontbn office based at Trlnlty House, thè offices of the Diocese of Southwark. Tèachln8 takes place through onllne Wednesdav evenlng cla55es. weekly Frlday teachln8 at West Mallln& and Monday eyenlng dasses at Southwark. Residenttal events are held mainly at Malllng Abbe*f or the Pollce Federa￿tsn Centre In Leatherhead, wlth resIden￿31 week held In Canterbury. The staff team follows a regular pro8ramme of meetfngs addressing monitorlni, revlew. plaftnlngt and development, alongslde routtne buslne5s. Staff also attend an annual workshop with the Board and twte-yearlv cOn￿n￿{ne edUCa￿On meettngs for all teathin8 Staff. There are regular 5taffmStudent Ila150n meetings. and all student cohorts are represented on the 8oard of Studles. A stvdent-led UKME group also Ila15es wlth staff and the 8oard of Studles on Issue5 of diverslty and rel*ed educational inltlatsves. Recnjltment und¢7ppolntment of trnstees Prfncl￿l rlsk •nd uncertalnlles The Trustees revlew the risks to whlch the charlty Is exposed and have establlshed systems to mli*ate those rfsk5. External rlsks io fundln8 are dependent on a viable number of students choosin8 the College for thelr tralning. To mitigate thls rlsl regular lialson takes place with Diocesan Dirertors of Tralnln8 and the Ministry Dlv151on to ensure that pro8ramme content meets the need5 Qf both dioceses and the Churth of England. The College has a50 made progress In developin8 5tron8er links with three diocese5 that ha￿ not traditionally sent students. More systematic recrultrnent of independent students wlll further offset the risk of a decline in ChurC1￿fuNded students. Internal risks are mitF8ated throu8h the Implementation of procedures and controls reVIev￿ in the risk règister. The Trusteè5 are responsible for managin8 all risks faced by the College. The rlsk manaeemeni pollcy Is reviewed re8ularly by the Tnjstees. Followlng a major rewew in 2021. the risk re8lster w35 thorou8hly Tevlsed and expanded, wlth trustees and staff appointed to oversee specific areas of rt5k. Pay and remuneratlon of onl¥lThed stsff OrdaSned members of Maff are remunerated atcordln8 to the Arthbi5hop< Council of the Church of England'5 published remuner￿0￿ scale lor ordalned colle8e staff lthe-tithfield 5¢ale-l. ST AUGUSTINE'S COiLEGE OF THEOLOGY TRUSTEES. REPORT IINCWDING OIREcfoRS' REPORT) ICONnNUEDI FOR THE YEAR Ef40ED 31 AUGU￿2025 ststernent of trnSteeg mspon￿bIlItIeS The Trustees. who are also the Dsrectots of St AUguS￿ne,$ College of Theolo8y for the purp05es of company law. are responslble for preparing the TTUStees' Report and the financial ststements in aceordance with 4)pllcable law and United KIn￿oM AccouThtlng Standard5 (Unrted Kingdom Generalty Actepted Accounting Practice). Company law requires ihe Trustees to prepare finantlal statements for each flnanclal year that a true and falr vlew of the state of affair5 of the charitsble comparry and of its incoming resourtes and applicatlon of resources, Includlng Income Ind expendlture. for that ￿r. In preporlng thtse finandal Statements. the trustee5 are requlred to: 4elect sultable actountfjn8 polldts and then appty them conststentty: -observe the methods and prlnclples In the Charltles SORP: -make ludgements and es￿M￿e5 that are ￿sonable aNI prudent; .state whether applkable UK Attounting Standard5 ha¥* been followed. subjert to any materlal departures dbsdosed and e¥plalned In the finandal statements- and -prepare the Inanelal staiements on th• goln8 con¢•rn basb5 unltts It is Inappropdate to presume that the charltable tompany wlll contlnue In Opera￿On. The Trustees arè r￿PonSIble for keepfjng adequate accountfn8 record5 that d15c105e wlth reasonable accuraty at any ￿me the financlal poslyon of the charitable company and ensure that the flnancSal ststements CDrnply wlth the Companles Act 2Q)6. They are also responslble for the prtvendon and detecdon of fraud and other Irr•8ularftte5. The comparw's current polky concernlng the payment of irade credltots Is to follow the C81's Proryit Payers Code Icoples are available frcrtn the CBI. Centre Polnt, 103 Nèw Oxford St￿( London WCIA IDUI. The compony's current pollcy concernln8the payment of trade tteditofs 15 to.. settle the terms of payment w(th suppliets when agreeln8 the terms of each trdnsactlon,. ènsure ihat suppliers are made aware of the tern15 of payment by incluslon of the ￿leVant terms In tt*ntracts,' and ' pay in accordance with the comparyw's contrartual and other legal obllgatson Audltor Each of the persons who a￿ Trustees at the tbme when this Trustee5' report Is approved have tonfirmed that.. so far 35 the Trustees are aware. there Is no felevant audr( infomotlon of whlch the charitable o)rnpany' audltof Is unaware, and Trustees have taken all the steps that ouEht to have been taken as Trustees In order to be aware of anv relevant audit Information and to Èstabllsh that the charitsble cornpanrfs auditor Is aware of that information. E￿h of the trustees has confimied that the￿ is no information of whÈch they are aware which Is ￿levant to the audr(, but of which the auditor is unavAre. They have further confirmed that they have taken appropriate steps to identify such relevant infomatlon and to establish that the audftor Is aware of such inforniation. sr AUGUSTINE'5 COLLEGE OF THEOLOGY TRUSYEES. REPORT (INCLUDING DIREcfoRS' REPORn ICONllNuED) FOR THE YEAR ENDED 31 AUGUST202S List olTru5tees The Rev'd Daphne aifton The Ae¥'d Jonathan Croucher jreslgned OV09n0241 Bishop Marhn Gainsborough Mr Dou8la5 Gibb IresiBned iiiiin0251 The Rev'd DrA Gre80ry Drjohn M055 The Rev'd N Stanlev Mr A Strawson The R￿'d Caon R Swyer The trustees, report was approved by the 8oard of Trust* 81shop M Galnsboroueh Ichalrl Trustee Date.. ST AUGLISTINVS COLLEGE OFTHEOLOGY INDEPENDENT AUDtroR'5 REPORT TO THE TRUSTEES OF ST AUGUSTINE'S COiiEGE OF THEOiO6Y nlon We have audlted the finandal statemerts of St Augustine's Colle8e of Theolo8y Ithè'charitable cornpanv'l for the vear entled 31 Augusi 2025 which comprise the ststement of flnanclal aci1v1￿es, the statement of financial P05ition, the statement of cash flows and the notes to the financial statements, includln¥ a summary of significant accoUn￿n8 policie5. The flnanclal reportin8 framework that has been applied In their preparation is appllcable law nd Unlted Kingdom Accounting Standards, including Flnanclal Reporting Standard 102 The Fint7nclt71 Reporttng 5tondardappllcable In the UKondRepublicoAlrelondlUnited Kin8dom GeneraltyAccepted Accoun￿￿8 Prdcilcel. In our opinion. thè financial statements.. giye a true and falr Ylew of the slats of the chariiable tornparry's aftalr5 as at 31 August 2025 and of rts Incomln8 resources and applIta￿On of resources. for the year then ended: have btrn properfy prepared In accordance wlth Unlted Kln8dom Generalty Accepted Accountln6 Practlce,. and have been prepared In K(ordar￿ wlth the requlrements of the Companie5 Act 21Kl& 8as1s for oplnlon We conducted our audtt In accordance wRh InteMa￿OnaI Standards on AudlUn8 IUKI II&As IUKII and appllcable law. Our respoAslblllttès under those standards art further destribed in the Auditor's responslbllltlesfor the oudlt of the fin¢7nclgl statements sectton of our report. We are independent of the charltablè cornpany sn accordance wlth the ethlcal requlrernents that are relevant to our audit of the flnanclol ststernernts In the UK, In¢ludlng ihe FRC'5 Ethlcal Standard. and we have fulfilled our other ethical responsibl11￿$ In accgrdance wlth these requlrements. We believe that the audlt evldence we have obtslned Is sufflclent and appropriate to provide basls for our oplnlon. conclu￿¢￿$ r•l•tln8 to ￿71￿￿￿•m In auditin8 the financlal statements, we ¢onduded that the tnjstees, use of the 8oln8 concem basls of attoundni In th• preparntlon of the flnanclal statements Is approprbte. Based on the work we have performed, we h&* not Identtfted any materfal uncertalndes relattng to events or cond1￿0￿5 that, indivldually or co11ertivÈ￿. may cast Si8niflcant doubt on the charftable tompany% ability to con￿nue as a going concern for a period of at least twelve months from when the flTran¢5al statements are aLrthor15ed for Issue. Our rÈspOnslblll￿ts and the responslbll￿les of the trusteès with respect to 8oln8 COTh￿rn are descrbbed In the relewdnt stctfons of thls report. Other Intormatlon The dlrectors are responslble lor the other informthon. The other Information compri5e5 the information included In the director's ￿port, other than the finzncial statements and our audito¢s report theyeon. Our opinlon on the ftnzntlal stattmtnts does not cover the other Information and, except to the extent otherwise explicltly statsd In our report, we do not express anyforni of assurance condu5ion thèreon. In connethoTh with our audit of the financTral statements, our responsibility 15 to read the other inforrnation and, In doing so. consider whether the other inforniation is Material￿ Inconslstent with the financial statanents or our knowledge othained in the audlt or otherwise appears to be materialty misststed. If we idenb.fy such material inconsistencie5 or apparent material misstatements. we are re4ulred to determine whether there Is a material mlsstatement in the financial statements or a material misstatement of the other inforrnation. If, based on the work we have perfomied, we concluded that there is a material misstatemert of thi5 Other Informattory we are requlred to report that fact We have nothing to report in this regard. ST AUGUSTINVSCOLLEGE OF THEOLOGY INDEpENDEP￿Au0￿roR's REPORTICONTINUEDI TO THE TRusfEES OF ST AUGUSTINE'S COLLEGE OFThEOLOGY Oplnlonsof oth•t matters pre5¢ribed tyth• Companie5Act 2(K16 In our opinlon, based of the work underta￿n in the course of the audlt: the Trnfomiation 8lven in the dirertorfs report for the financial perlod for whkh the financial statements are prepared is consistent with the fftnancial staternents.. and the dlrertorfs report has been prepared in accordanc* wlth applicab￿ le8al requlrtments. M•ttws on ¥thlth we mre requlred to f•POrt try exfwfjon In the 118ht of our knowledge and under5tsnding of the Charitst￿e company and its ènvlronrnent obtaned in the course of the aud6t. we have not bdenufied Mate￿al mi55t*ements in the trustee< report. We have nothing to report In respect of the followlng matters In relatlon to whlth the Companlts 2LKJ6 requlres us to report to you if. In our opinion.. adequate accOun￿n8 records ha¥e not been kept, OT ￿Um$ adequate for our audlt havè not been ￿1ved Irorn branches not vlslted by u5,. or the financlal ststements are not In agreement with the acctyjntfni record5 and retums,. or we hwe not recthed all the Infomiadon and evIana￿on5 we requlre for our •udlt. R•wslbllltle5 of tYuM••s As explalned more fully In the trustees, re5ponslbllldes statement, the trustees are responsible for the pieparadon of the financlal staternents and for belng 5attsfied that they gr¥e a true and falr vlew, and for suth Internal control as the trus¢ees deterrnlne Is necessary to enable the preparatlon of financial statements that are free from material mlsststemert, whether due to frdud QT ern￿. In pfeparlng the flnanclal statement5. the trustees are responsible for assessing the charitsble company's abllity to conttnue as a goln6 concem. dlsclosin& as applitable, matters related to goin8 concern and usln8 the 8oln8 gncern basis ol accountin8 unle55 the trustees either Intend to IH4uidate the charitable company or cease operattons. or have no reall$￿C alternative but to do so. Audltor's r•sponslbllitS•s forth• audlt of the fln•ndal statem We have been appointed as auditor under sethon 144 of the Chartifes Act 2011 and report In accorrfAntè wlth the Act and relevant re8Ul￿OnS made or hav1￿ effect thereunder. Our objethves are to obtain reasonable a5SUfance aL￿t whether the financial staternents as a whok are free from materlal misst4temeni. whEther due to frzud or eryor. and to tssue an auditor's report that indudes our oplnlon. Reasonable assurance is a hlBh level of assuran¢* but is not a 8uarantee that an audit conL*Jrted In accordance wlth ISAS IUKI wlll always detect a material misstatement when it exists. Mlsstatements (3n arise from fraud or error and are considered material rf. Individually oi in the a88re8ate. they wuld reasonatrly be experted to Influence the economit decisions of u5er5 taken on the basi5 of these ftnanaal ststements. The objecknves of o¢Jr audffÉ. in respert of f￿Ud, are: to idenfjfy and a55e5s the risk5 of material mis5tstement of the financial statements due to froud.. to obtain sufficient appropriate evidence reEartlin8 the asse55ed risks ol material misststement due to fraud. through designing and irnplementing appropriate responses: and to respond appropriatety to fraud or suspected fravd identified dur¢n¥ the audit. However. the primary responsiblllty for the prevention and detecknon of fraud rests wr(h both those tharged wfjth governarKe of the entity and its management. srAUGusnNE'S COLLEGE OFThEOLOGY INDEPENDENT AUDITOR'S REPORT Icop¥nNUED} TO THE TRUSTEE5 OF ST AUGU5nNE'S COUEGE OF THEOLOGY Our approach was as follows- We Identified areas of laws and regulattons that could reasonably be expected to have a materlal dfect on the financial ststernents from our general commercial and sector experience. and through discu5sIc with the tnJ5tees and other marsagement las requlred by audibn8 Standafds), and discussed wlth ihe trustees and other management the policies and procedures regarding tompliance with laws and regulation5.' We Identilled the fDllowin8 area5 as those n￿$t likthi to ha¥e such an effett.. health and safety; General Dala Protect5on Re8ulatlon IGDPRI- fraud.. bribery and corruption and employment Izw. Auditing slandards Ilmlt the requlred audit procedure5 to identify nL¥Fcompliance wlth these laws and regulatbjns to enquiry of the dlredors and other management and inspectlon of regulatory and legal coirespondente. rfany. We considered the legal and regulatory framework5 dlrectly appllcable to the flnanelal statement reporttng framework IFR5 102 and the Companie5 Act 2￿6 and the Charlfjes Act 20111 and the relevant ta¥ compllance re8ulatlons In the UK: We consldered the nature of the charltable tomparfs operatioD5, the control envlronment and buslrns$ performantÈ.' We communlcatsd Identhed laws and regvlattons throu8hout our team and remèlned alert to any Indlcatlons of non-compllance throu8hout the audlt- We consldered th• pr¢Kedures and contro15 that the charltsble compary has establlshed to address rlsks identlfled, or that otherwise pr￿nt. deter and detect fraud,. and how senlor managèment monltors those programme5 and controLs. Based on thls untlerstsndln8 we deslgned our audrt procedures to identlfy noTrcompliance wtth such laws and regula￿0￿5. Where the rfsk was con&dered to be hlthtr. we performed audlt pro¢edure5 to address exh Iden￿fied fraud rlsk. Thesè pmtedures Included.. iesfjn8 manual journals,. re4iewin8 the financlal statement dlsclosures and testing to wpportlng d￿UMen￿tiOTr,' performin8 analytlcal procedures,. and enquiring of mana8erTrent. and were designed to piovlde reasonable assurance that the flnanclal statements were free from fraud or error. Owlng to the Snherent Ilmttadons of an audit. there is an una¥oldable rlsk that we may not have detected 50me materlal mlsstatements In the financial statements. even though we hwe properfy planned and performed our audit in attordance wlth the audltin8 standards. For example, the further removed norrfompllance wlth laws and regulation lirre8ularitiesl is from the events and transactions rtfiected in the financial statements, the les5 likely the inhertntty limrted procedures required by audltrng standards would Identyfy It. The rlsk is also 8reater regarding irregularitles occuthng due to fraud rather than error. as fraud Involves intentlonal concealment. forgery, colluslon, omlsslon or mlsrtpresentadon. Wt are not rtsponslblè for prèventing nofytompllante and cannot be expected to detect non-compllan¢e with all laws and regulations. 10- ST AUGusnNE'S COLLEGE OF THEOLOGY INDEPENDENT AUDITOR'S REPORT ICOPrnNUEDI TOTHE TRUSTEES OF 5t AUGUSTINE'S COLLEGE OF THEOLOGY Us• of our report The report 15 rnade solely to the charitable tomparfs members, as a body. in actordante wSth Chaptr 3 part 16 of the Companies Art 2CQ6. Our audit work has been undertaken so that we might slate to the chaTitstrAe company's members those matter5 we are required to stste to them in an audltorfs ￿pOrr and for no rther purpose. To the fvlle5t extent petmitted by law. we do not accept or a55urne responsibility to anyone other that the char¢tsble company and the charitsble comparfs members as a body. for our audit work. for thls report, or for the opinion5 we have formed. Sally Meah FCCA (Senlor StaiuWAudltor) for ay￿ on behalf of TC Group 19 February 2026 Statutory Audltor Stsr House Stsr Hill Rochester Kent MEI IUX TC Group Is ellglble for appolntment as audrtor of the charttable compary by ￿rtu* of Its ellglbllty for appointfflent as auditor of a company under secilon 1212 of the Companles Act 2(*J6. srAUGiisnNfs COLLEGE OF THEOLOGY STATEMENT OF FINANCWLAcfNmES INCWDING INCOME AND ￿￿ND[￿RE •￿0VI FOR TrIE YEAR ENDED 31 AUGUST2025 Tot•1 fund5 2025 nds 2025 nds 2024 2024 Incorne fn>ffl: Donations and leqades Charltable activities Investments 40.784 *10.784 776,723 34.939 16,420 16,420 768,992 21,648 776,723 32,984 768.992 20,934 1.955 714 Tot•1 Incom• 809,707 42.739 852.446 789.926 17,134 807,060 Exp•ndttur* I￿. Charitable a¢￿VItieS 782.159 35,389 817.548 766,137 25,187 791.324 Totsl expendlture 782,159 35,389 817,548 766.137 25,187 791,324 Net galnsllloss¢sl on Investment5 113.1251 113,1251 8,485 Nèt Income Ind mo¥•m•nt In lund5 14.423 7.350 2L773 32.274 18,0531 24,221 Re¢ondllatton olfiFnds: Fund balances at I September 2024 690.397 56.111 746,508 658,122 64,165 722.287 Fund b¥l•nce$ at 31 A￿urt 2025 704.820 63.461 768,281 690.3% 56,112 746.508 The ststtment of flnanclal athllles Includes all Bains and losse5 retognised in the year. All income and expenditure deri¥e from conYnuinB artlvlt5es. 12- ST AUGUThNfscoLLEGE OF THEOLOGY ATEMENf OF FINANCIAL posmoN ASAT31 AUGUST2025 2025 2024 Flxed assets Tangible assets Investments 12 242,723 251,791 246,116 164,916 494,514 411.032 Current ass•ts Debtors Cash at bank and In hand 32.224 367.787 29,755 356.396 4CQ.Oii 386,151 Cmdltors: amountshlllni due wfthln one v•ar 1124.2441 150,67SI N•t currnnt •s*ts 27S,767 335,476 Totsl assets less current l￿bIlItIes 770,281 746,508 Provlslonslor Il•bllMes 16 12.LKNJI N•t •si•ts •xcludlni Pen￿On Iljblllty 768,281 746,508 Net aS9•ts 768,281 746,508 Th•fvnd5 olthe thor114ble Com￿ry Restricted Income fvnds Unrestricted funds 17 63,461 704.820 56,112 69J.396 768,281 746.$08 The company Is entitled to the exemptlon from the audit requirement contalned in seciion 477 of the Compan5ts Act 2(X16, for the year ended 31 Au8ust 2025. although an audit has been carried out under setiion 144 of the Charit6es Act 2011. The directors acknowledge their respons￿bilItieS for complw'ng with the requirements of the CornpawMe5 Act 2006 wlth respect to accounfjnE records and the prepara15on of finandal sraiemenrs. The members have not required the company to obtain an audlt of Irs hnanclal statements under the requlrements of the Companles Act 2CIJ6. for the year in question In acujrdance wrth section 476. These financial statements have been wepared in accordance with the provisions applicable to companies Subject to the small companies reglme. 13- sr AUGusnNE'SCOLLEGE OFTHEOiOGY STATEME1￿ OF FINANCIAL POSITION ICOPMNUED) ASAT31 AUGUST2025 The financial statements were approbEd bythe twstees on......tL):.1..2 Blshop M Galnsborouah (Chalrl Truslee Compary reg15tration number 01758668 IEngland and Wales) 14- srAUGusfiNE'5 COLLEGE OFThEOLOGY ATEMENT OF CASH FLOlb FOA ThTE VEAR ENDED31 AUGUST2025 2024 Cash 8enerated from opera15ons 21 82.$78 61,817 In¥esttni actfvltle5 Purchase of tan8ible fixed assets Purchase of Investmtnts Investment Income rKeJved 16.1261 110841 34,939 21,648 N•t tash Iu5ed Inl/1￿•￿ted frnm In¥•sllngacIl￿dQ1 171,1871 19,564 N•t c•th uged In financlnz ocffvltles Nat In¢r••M In Ind •qufv*lents 11.391 81,381 Cash and cash equlvalents at bealnnSn8 of year 356,3% 275,015 •sh •nd equfval•nts •t •nd ot￿r 367.787 356,396 15- srAUGiISTINE'S COLLEGE OF THEOLOGY NOTES TOThE FINANCIAL STATEMEPITS FOR THÉ YEAREPJDED31 AUGusf2025 Ac(ountin8 wliae5 Charlty Informatto St Augustine's Colleee of TheoloRy is a private company limited by guar3rrtee Incorporated In England and Wales. The reglstered Offi￿ Is 52 Swan Street, West MallSn& Kent, ME19 6JX. 1.1 Accounts￿ conventhn The thnancial ststements have been prepared In accordance wlth the Charitab￿ company's Memorandum and Articles of Association, the Companies Art 2CQ6 and -Accountin8 and ReporbTrg by Charities.. Statement of Recommended Practice applicable to tharfttes p￿parIng thelr accounts In accordance with the Flna)clal Report5nB Standard applicable in the UK and Republlt of Ireland IFRS 1021" las amended for aCCoun￿n& perlods cornmendng from l January 20191. The tharitablt tompany Is a Publle Benef(t Entsty as deflned by FILS 102. The flnanclal ststements are prepared In sterlln& whlch Is the fvnctlonal currerKy of the charitsble company. Monetary amounts In these financlal statements are rounded to the nearest £. The financial statements have been prepared under the hlst¢Ylcal cost corNenifon. The prSntlpal atroUn￿n6 pollcles adopted are set out below. 1.2 Golnl Concern At the ￿rne of approving the financ5al statements, the trustees have a reasonable expertation that the charitable cornpany has adequate rEsources to cOn￿n￿e in oPera￿onal exlstence for the foreseeable fiJture. Thus the trustees contlnue to adopt tht goi￿ cowKem basbs of attountln6 In preparfng the ffn¥nclal statements. 1.3 Charltable funds Unrestrlcled fvnds are avallable for use at thè dtscr•tton of the trustees In furtherance of thelr charltable objethves. Restricted funds are subject io specihc ¢ondltlons by donors or grantors as to how they may be used. The purposes and use5 of the restricted funds are set out in the notes to the financial ststements. IA Incibme Income 15 rervgn15Ed whEn the charttable company Is legally entltled to It after any Performan￿ co)dilions have beern rn￿. the amounts can be measured reliably, and il is probable that irthme will be recelved. Cash donadons are recoenised on recelpt. Other donatlons are recognlsed once the charitable compwy has been nO￿fied of the dona15on, unless perf0rrnan￿ conditions require deferral of the amount. lTrcome tax rÈcoverablÈ in reSatlon to donatlons recew underGfft Akl or deeds of co¥Ènartt is retognlsed at the tlme ol the donation. Legacies are recognised on receipt or otherwise rf the chèrTtable company has been notified of an impendin8 distribufjon, the amount 15 known, and receipt is experted. If the amount is not known. the legacy s treated as a Con￿ngent asset. ST AUGUSTINE'S COLLEGE OF THEOLOGY NOTES TOThE FIt4ANaALSTATEMEpif5 (CONTINUED} FOR THE YEARENDED3J AUGUST202S Account1￿ polldqs (Condnuedl 1.5 Expendlturt Expenditure Is reco8nised On￿ there Is a le8al or consrnjcifve obli8afjon to trar55fer economlc ￿efit ta a thlrd party, It 65 probable that a trnn5fer of economic beneftts will be required in settlement andthe amount of the obligation can be measured feliably. ExpeThdf(u￿ Is das5ified by activlty. The wsts of eath athvlty are made up of the iotal of dirert costs and shared costs, Including support Costs invofved undertaking each activity. Direct cost5 attributable to a single activity a￿ allocated directty to that activlty. SPored costs whlch contribLrte to more than one actlvity and SUPkN)rt Costs which are not attributsble to a slngle activty a apportioned between those actfvlile5 on a basss tonsi5tent wf(h th* use of resources. Central stsff costs are allocated on the basi5 of tlme spent. and deprecia￿0￿ thar8es allocated on the portlon of the a￿erS use. 1.6 T*ll￿trI• flxed assets Tangible ttxed as5et5 are Inltfalty mewred at COSI and Subsequently measured at cost or valuatlon, nèt of deprecSatlon and any impalmient los￿. Dtpreclation Is re(08nised so as to wrlte off th• tost or valuallon of assets le￿ th*lr re51dual valuès over thèlr useful I￿ on thefollowlng bases: Fr••hold land and bulldln85 Leasehold Improvemènts Office equlpment 60 years s￿l8h1 Ilne 33% Slraight line 33% stTri8ht Ilne The galn or loss arlsing on the dlsposal of an asset is determlned as the dlfference between the sale proceed5 and the cafryln8 value of the a￿e¢ and is reco8n15ed in the statement of flnanclal acdvlttes. 1.7 Flxed a53et Inv•¥knents Flxed asset investments are Initially measured at transactlon price excludln8 transaction costs, and are subsequently measured at lalr value at eath reportin£ date. Changes in frdir value are recognised In net Incomellèxpendlturel for the year. Transactfjon costs are expensed a5 Incurred. IA Imp•lmi•ni offixed •s*ts At each repothn8 end datr, the charitable company revlews the carrylng amounts of its ta￿￿ble a55ets to deteimlne whether there is any inditation that thosè assets have suffered an Impairment loss. If any suc Inditation exlsts. the recoverable amount of the assÉt is estimatod ifi order to det&rrnine the extent of the impalrmeni loss lrfaryl. 1.9 Cash and rwh equtnlents Cash and cash eqUI￿dIents Indude cash In hand. deposits held at call with banks, other short-terni liquid investments with orwnal Maturi￿e$ of three months or th, and bank i)verdrdfts. Bank ¢)vÈrdrafts are shown within borrowing5 In curreni Ilablllttes. 17_ ST AUGusfiNE'S COLLEGE OF THEOLOGY NOTES TO THE FINANCIAL ￿ATEmENTs ICONnNUEDI FOR THÉ YEAR ENDÉD 31 AUGUST2025 A¢¢oUbrt5￿ polkles IC•nllnuedl 1.10 Flnanclal Instruments The charitsble tompaw has elected to apply the prowsions of Settlon 11 'Baslc Flnancial Instruments, and Sect6on 12'0ther Financial Instruments Issues. of FRS 102 to all of its financial instruments. Flnanclal Instruments are reco8nlsed in the Charits￿* tompary's Ststement of Financial Position when thè charitable tompany becomes party to the contractual provi51ons of the Instrument. Flnancial ?55et5 and Ilabllldes are offset. wlth the net amounts presented In the Ilnandal statements, when there is a legally enforceable riBht to stt off the fecoenlsed amounts and there 15 an inttntfon tosettle on a net basi5 or to rea15ge the J59et and settle the Ilablltty slmultsneouslv. Basic financial assets, which include debtors and cash and bank balances, are Inlttally measured transactton prict lrtcludln8 transactlon costs and are sub5equentty carr6ed at amortlsed cost usln8 the effectSve interest method unless the arran8ement Constitutes a ftnancin8 tTrnsacllon. where the trar&athon 15 measured at thè present value of the futu￿ re￿Ip1S dlscounted at a Market rate of interest. Flnanclal assets classlfied as receivable within one year are not amortised. oskflnandqlllabllftles 8aslc flnanclal Ilabilities. Indudln8 credltors are Inldalty reco8ntsed at tran5acYon prlce unb55 the arrangement con5tltute5 a flnancing transactlon, where the debt Instrument 15 measured at thè present value of the future payments discounted at a mar*et rate of Interest. Financial liabl11￿e$ classified as payable wlthln one year are not amortlsed. Debt Instruments are subsequently carrled at amrttsed cost. U5in8 the effertive irterest rate method. Trade creditors are obliga￿on$ to pay for 8oods or servlces that have been acqulrtd In the ordlnary course of opera￿on5 from 5sJppliers. Amounts payable are classified as current1Sabllities rf payment is due within one year or less. If not. they are presented as noTrcurTent liablliUe5. Trade creditor5 arè reco8nlsed InI￿allY at transact5on pdce and Subsequently measurtd at amortlsed cost using the effective interest method. 1.11 Pro¥lslons Provisions are reco8nlsed when the charltable company has a legal or eonstruthve present obllgatbn as a rqsult of a p•rt gwTrnt. it is probabl• that the charitable company will be required tD settle that obll8ation and a rellable esdmate can be made of the amount of the obllgattcffl. The amount recognlsed as a provlslon Is the best e￿imate of the tonsideratlon requlred to settle the present obligation at the reporhng end date. taking into account the risks and vncertainties surroundln8 the obli8ation. Where the effett of the time Yalue of money Is material, the amount expeded to be requlred to sethe the obligation Is reco8ni5ed at present value. When a provision is measured at p￿SeNt value, the unwlndin8 of the discount is reco8nised as a finarte cost In net incom￿{expend[t￿leI in the perlod Sn whith ailses. 18- ST AUGUSfiNE'S COLLEGE OF THEOLOGY NOTES TO YHE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR END£D31 AUGUST202S A(wuntln8 poll¢les (Continued) The company p3￿C1p2tes in the defined benefits scheme section of the Church Workers Penslon Fund ILWPFI for lay staff and the Church of England Funded Pensions Scheme ICEFPSI also known as the aer8V Pension scheme for Cler8y and li￿nsed lay workers. The schemes are administered by the Church of England Pen5i0ns 8oard whkh holds the assets of xhemes s*par*ety from those of the Empltyer and ￿her partycipa￿ng employers. It Is not poss5ble to attAbute the scheme's a55els and IlabllttFes to speclfic employers. The schemes art consldered to be multi employer sthemes as described FRS 102 and as such contrlbutfon5 are accourted for as if the sthemes were defined tontrlbution schemes. The penslon tosts char8ed to the SOFA In the year are ¢ontribLth'ons payable towards benethts and expenses acuued in that year, plus afty Impact of dtlktt contributtons. Cfftlc•l •¢counfln8 estlrn•t•s and Iwdgem•Trts In the appllcatlon of the charltsble comparf5 accountln8 policies, the trustee5 are requlred to rro lud8ements. esilmates and as5umptkins about the carrylng amount of assets and Ilabllltles that are not readlly apparent from other 59urces. The eS￿rnateS and associated asSuMp￿Dn5 are based on hlstorlcal e¥perlence and other factors th* are consldered to be relevant. Actual results rnay dlffer frorn these •S￿mateS. The tsdmates and underlyin8 assumpdons are revlewed on an ongoing b3515. Re￿$lOn$ to ?￿OuntIng est(mates are recogni5ed in the period in which the estlmate is revlsed where the revls5on afferts t￿ty that period. or In the period of the rewslon and fvtU￿ perlod5 where the revlslon affects both turreTht and future period Crttlcal accountlng estlmates and assumplfjons: Thefe are no esiimates and assump￿On5 that have a %gnificant rlsk of tausln8 a Mate￿al zdlustment to the arryln8 amounts of asstts znd1Sabllltles withln the ne￿ finandal year. Crlllcal are35 Otlud8mènt: No 51gnlficant judgements have had to be madt by mana8ement In preparlng these financial statemeftts, other than the reco8nltlon of a rent premium paid of £92.5W. The rent premium Is being released 35a cost over lo year5, based on the Intention ol the charity to remaln in the property for at least io year& Inc4>me Imm tharttable ac¢S¥ttles Unresirfcted Unrestrlct•d funds funds 2024 Fee Income 776,723 768.992 19- ST AUGUStINrs COLLEGE OFTHEOLOGY NOTES TO THE FINANCIAi STATEMEPM {CONnNUfDI FOR 7HE YEARENDED 31 AUGUST2025 Total funds 2025 funds 2025 funds 2024 fvnds 2024 2025 2024 Rental Income Investrnent income- other loul IrNestmtnts 16,565 16,565 8,753 8,753 16.419 1.955 18,374 12,181 714 12,895 32,984 1.955 34,939 20.934 714 21.648 Incom• from don•llons •nd lepcl Regtrfrted funds Re5trfrt*d fund$ 2024 tIona￿on$ and 8 40,784 16,420 srAUGUSTrNE'S COLLEGE OFTHEOiOGY NOTESTO THE FINANCIAL STATEMEpif5 ICONTIPIUED) FOR THE YEAR ENDED31 AUGUST2025 Expendlture on C￿rItable acllvl¢¥es Ttrtal Education Bursarles 2024 2024 Total 2025 2025 Dlrert Costs Residential weekend conferences and Summer School Staff Salaries. includin8 lecturing fees and other associated staff costs National insurance pen￿ort cost Ordlnand expenses Prov151on of bursarle5 105.072 105.072 10),984 I(￿,984 408,113 25,012 19, 26,710 408.113 25,012 19.9x1 26.710 9.320 359.643 31.548 41.458 24,530 3S9,643 31.548 41,458 24,530 14,850 9,320 14.850 584.807 9.320 594,127 558.163 14.850 573,013 Shar• ol $upport •nd p¥ern•nre (see not¢ 7) Suppon 213,971 GovernaTrce 9.450 213.971 209,311 209,311 808.228 9.320 817.548 776.474 14,850 791,324 Analy￿$ bylund Unrestrictèd funds R*5trirted funds 782,159 26,069 782,159 35.389 766.137 10.337 766,137 25.187 9.320 14,850 808.228 9,320 817548 776,474 14,850 791,324 -21 NOTES TO THE FINANCIAL sfATEMENrs (coimNUEDI FOR THE YEAREPIDED31 AU6(15r2025 2025 2024 Depreclation Academlc tr￿e1 and tralnlng Book5 & journa15 otfvce expen5e5 Adminis1￿On costs Rent of premlses and Ut511￿e$ Equlpment costs Publicity and marketin8 costs L•pl and pfofesslonal char8es Governance c05ts 9.519 34,430 4.830 22,398 13,201 98,731 5,583 21,340 3.939 9,4SO 9,233 36,351 3.261 17.839 12.181 94,685 7.221 20,632 7,908 223,421 218,311 223,421 218,311 2025 2024 Audlt fees 9.450 9,450 Twstees The Staff costs. in note 10. includes emoluments. employers. na￿Onal in5urnnce contr+butfon5 and employer5. penslon contributions for l Trustee12024- 1 T￿￿teel. Fmm Yme to tlme otherTru5tees are pald tlsllfin8 lertureTS fees. but the amounts a￿ not signfficant. The H￿rage monthly number ofemploy*e5 during the year wa5.. 2025 Numb 2024 Numb•r Stsff io io There were no employees whose annual remuner*ion wzs more than £60.(k)). ST AUGusfiNE'S COLLEGE OFTHEOLOGY NOTESTOTHE FINANaAL STATEMEp¥fs ICOlrnNUEDI FOR THE YEAREPIDE031 AUGUST2025 io Staff rosts 2024 Staff costs anatysls Academlc salarle5 artd related costs Administratton salarles and related costs Visiting lecturers, fee5 Staff premises costs Social Security costs Penslon costs 239.723 96,861 46.186 1,274 2S.012 19, 218,092 87,995 39,599 3,619 31.$48 41.458 Totsl 428,956 422.311 11 T¥￿tIon The charity Ss e¥ernpt from tax on income and gain5 falling wlthln 5Èthon 505 of the Taxes Act 1988 or sèctlon 25Z of the Taxatton ol Chargeable fjalns Act 1992 to the extent that these are applied to its charltable oblects. IZ T*￿Ible fixed •ssets Cost At I September 2024 Addltions 283,993 15,948 21.921 6,126 321,862 6.126 At 31 Autust 2025 283.993 15,948 28,047 327,988 Depredat5¢￿ and impalrmert At I September 2024 Depreclation charged In the year 46.741 2,367 15,948 13,057 7,152 75.746 9,519 At 31 August 2025 49,108 15.948 20,209 85.265 Corry5rq amount At 31 Au8USt 2025 234.885 242,723 At 31 August 2024 237,252 246.116 srAUGusnhlE'S COLLEGE OFThEOLOGY NOTES TO THE FINANCIALsfATEMENTS10)pinNUEDI FOR THE YEAR ENDED31 AUGU5T2025 13 Flxed ass•t In¥*stsno• Unlistèd Cost or ¥alu•tlon At I September 2024 Addlt5ons Valuation changes 164,916 loo.000 113,1251 At 31 August 2025 251,791 Carry1￿ ¥mount At 31 August 2025 251,791 At 31 August 2024 164,916 14 D•btors 2025 2024 Arnounts f•111￿ du• ¥Athln on• y•*r: Trade debtors Other debtors Prepayments and atuued Income 3,434 24,292 4,498 2,886 23.125 3,744 32,224 29,755 15 Credllors: amowts laifffli due wlthln on•J 1025 2024 Other taxation and soclal securfty other creditor5 Accruals and deferreil Income 23,281 2,145 98.818 7,530 345 42,800 124,244 50,675 -24- ST AUGUSTINE'S COLLEGE OF THEOLOGY NOTESTO YH£ FINANCIAL sfATEMEllts IcopillNUED) FOR THE YEAR ENDED 31 AUGUST2025 15 Pro¥lsloMlor Ilabllttles 2025 Sabbatlcals Movements on provlslons: 5•bb￿1(all Add￿Onal provlslons In the ￿ar 2,orKJ The academlc staff of the ¢ompany are entltled to wants for sabballcal leave folknwlng ft*ur year5 of teachlng for the Instltute for up to a maximum of £l,(KQ. 17 ￿•$trkt￿ fvnd5 Th• r•stricted funds of the tharity compl1￿ the unexpended balances of donatlon$ and 8rant5 held on trust subject to speclf5c condmons by donors as to how thw may be used. Atl InuNnI￿ R•Sou￿￿ Tr•nsf•rn Galns and A¢ JI ￿￿$t 2025 2024 Tattersa51 Fund Anonymous Dona￿on Mentor Stheme Tric 46.314 19,822 19.3201 56,816 10.915 1,356 12.4741 10,915 556 14,8261 180)) 125,2691 22,917 56.111 42.739 135,3891 63,461 -25- ST AufjusfiNES COLLEGE OF THEOLOGY NOTES TO THE FINANCIAL sfATEMEi¥fs ICONTINUEDI FOR TME YEAR ENDED 31 AUGUST2025 17 Restrlrted funds (C￿lI￿￿ed) Pr•vl¢)us year: In¢omln8 G•lns and At 31 Auiust losses 2024 Tattersall Fund Anonymus Donatlon Mentor Scheme TPIC 44.031 17.134 114,8501 46,315 18.134 17,2191 16441 12,4741 10,915 1,356 12,4741 64.165 17.134 125.1871 56,112 Tatters•ll Fund The Tattersall fund was set up to help fund lay people study Theology. Independent student5 can ask for help to tover the cost of t￿or fees ond books from thls fund. The fvnd Intludes dOna￿On$ recefved frorn Roblnson Lambert. Anonym¢)us Donatfon The donation received 15 to support the teachln8 and work of the Colle8e In the area of Mlsslon and M15510108y. M•ntorSchem• The donatlon recelved Is towards settbng up the mentor scheme which 15 a year-long prolert that will palr Black and Asian churth leaders and xholars in theolo8lcal educatton w5th members of the colle8e's permanent 5tsff. TPIC Fund The tundlng to be recel¥ed Is to go towzrds the work of Dlsclpleshlp for The Planet In Crlsls MA Pathway over two year5 from September 2024. At the year end. the TPIC Project Fund showed a deficlt of £4,8261£2.474 - 20241. This ar05e because expenditure on the prolert commeneed prior to receipt of the final 8iant Instalments. whlch ha5 been confirmed by the funder for payment in the subsequent financial year. ST AUGUSTINE'S COLLEGE OF THEOLOGY NOTES TO THE FINANOALsfATEMENTS IcoNllNUEDI FOR THE YEAR END£D31 AUGUST2025 18 Unrestrlrted fvnds The Un￿StriCte{l fund5 of the chality COmpr￿e the unexpended balènte5 of donat5ons and grants whith are not subject to specific conditions by donors and grantor5 as tg how they may be used. These includ designated funds whith have been Set aside out of unrestricted funds by the trustees for specific purposes. Atl Incom1￿ Resource5 G•lns and At 31 August losses 2025 2024 General funds ,397 809,707 1782.1591 113,1251 704,820 Pr•¥lou$ year: IKomh¥ Resourcu GalThs and At JI Septemb•r 2023 2024 General funds 658.122 789,926 1766.1371 8.485 690.396 19 An•tyryls olnet a55•ts b•tw••n fvnds Unrnthlcted ft•strl(ted lund5 lund5 2025 2025 Totsl Al 31 Auiurt 2025: Tangible assets Investments Current a￿ets/ll68b1lItle$) Provlslons 242,723 251,791 212,306 12,CWI 242,723 251.791 275,767 12,0(h)I 63.461 704.820 63.461 768,281 srAUGUSnNE'S COLLEGE OF THEOLOffl NOTES TO THE FINANCIAL STATEMENTS IcopmNUEDI FOR TrIE YEAR EfiDED 31 AUGUST2025 19 An4lysls olnet assets between fvnd5 lQ)ntlnuedl Totsl fvnds 2024 fvnd5 2024 2024 At 31 August 2024: Tangible as5et5 Itwestments Current a5$￿S/{lIabIlo1fje51 246,116 164.916 279.364 246,116 164,916 335.476 56,112 6￿.396 56,112 746,508 20 Operalbng leasè commltments Lemee At the reportlng end date the charitsblt company had outstsndln8 commltments for future rnlnlmum l•se payment5 undtr nonllcancellable Ope￿￿nI lèases. whlth fall due as ft>llows.' 2025 2024 Wlthln one ye•r Between two and fi¥e ￿•1S In over flve years 70.SOO I62,￿0 75,LN)O 136,5C#) 267,C 307,￿0 At the reportlng end dats the charitsble company had corrtracted with tenants for the followlng m1￿muM lease payThents'. 2015 2024 Withln one year Between two and fi¥e years 23,¢JXI 74,750 20,700 97,750 20,700 ST AUGUSTINE'S COLLEGE OF THEOLOGY NOTES TOTHE FIP4ANCIALSfATEMENTS ICOPITINUEDI FOR THE YEAR ENDED 31 AUGusf2025 21 Cash pnernted frorn op•AtionJ 2025 20Z4 Surplus fortht year 21,773 24,221 Adjustments for: Investment income recognised in statement of finandal athities Falr value gains and losses on in¥estments Dtpreciation and impairment of tan8ible fixed assets 134.9391 13,125 9,519 121,6481 18,4851 9,233 Movements In worklng tapttal.. Ilncreaselldecfease In debtors Increase In credltors (Decrease) In prowslons 12,4691 73.S69 14.279 44,217 82,578 61.817