Studiorum Novi Testamenti Societas
Annual Report and Financial Statements
for the Year Ended 31 May 2025
Studiorum Novi Testamenti Societas
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance Sheet | 5 |
| Notes to the financial statements | 6 |
| Statement of financial activities per fund | 7 to 9 |
Studiorum Novi Testamenti Societas Reference and Administrative Details
Charity Number 313862 Trustees Prof. Angela Standhartinger (President) Prof. Joseph Verheyden (Past President) Prof Cilliers Breytenbach (President-Elect) Prof. Judith Hartenstein (2022-25) Assoc Prof. Janet Spittler (2022-25) Prof, Simon Butticaz (2023-26) Dr Vicky Balabanski (2023-26) Prof. Matthias Konradt (2024-2027) Prof. David Horrell (2024-2027) Secretary Prof. Todd Still Assistant Secretary Prof. Christina Kreinecker Assistant Secretary - International Initiatives Prof. Gerbern Oegema Treasurer Prof. Paul Foster Independent Examiner PJE Accountants and Advisors 23 College Street Lampeter Ceredigion SA48 7DY
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Studiorum Novi Testamenti Societas
Trustees' Report
The Trustees have pleasure in presenting their report and the unaudited financial statement of the charity for the year ended 31 May 2025.
STRUCTURE, GOVERNANCE, AND MANAGEMENT
The Society is governed by the constitution, last amended in August 2004, and its object is “the furtherance of New Testament studies internationally, including within its interests’ charitable initiatives.” The Society’s investment powers are conferred by the Trustees’ Act 2000. Funds are held by TSB. No trustee is in receipt of honoraria.
OBJECTIVES AND ACTIVITIES
In “furtherance of New Testament studies internationally, including within its interests’ charitable initiatives”, the Society has an international function as the primary elected Society, and is increasing sponsoring charitable initiatives in Africa, Latin America, India, the Asia-Pacific region, and Eastern Europe. In planning our activities for the year, we kept in mind the Charity Commission’s guidance on public benefit at our trustees’ meetings.
The seventy-ninth General Meeting of the Society was held in-person, being hosted by the Australian Catholic University, Melbourne, 23-26 July 2024. The Society was extremely grateful to Dr Ben Edsall for his tireless work as chairs, and to the local organising committee for making this meeting possible and for hosting such a successful meeting.
The Society’s provided substantial funds to offset the travel, conference and subsistence costs of thirteen sponsored members and guests attending the annual meeting from various geographical regions in line with its sponsorships policy.
The Society continues to provide free subscriptions to the Society’s journal and monograph series for selected regional libraries in developing countries.
The trustees agreed in October 2014 to introduce a new electronic system for collecting membership fees and outsource this task to Cambridge University Press at a set price per membership fee collected. In conjunction with this access to the online version of the Society's journal is granted to all its members free of charge. The trustees are continuing to monitor the new system and the newly incurred handling costs associated with it closely in order to assess the overall financial implications.
The trustees are satisfied with the level of reserves in the funds, that the income is adequate to pursue the activities of the Society, and that no significant risks are faced by the Society in pursuing its aims.
Approved by the Trustees on .......................... 2025 and signed on their behalf by:
.............................................................. Prof. P. Foster (Treasurer) Registered Office:
School of Divinity, University of Edinburgh, Mound Place, Edinburgh, EH1 2LX
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Independent Examiner's Report to the Trustees of
Studiorum Novi Testamenti Societas
We report on the accounts of the Trust for the year ended 31 May 2025, which are set out on pages 4 to 6.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
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state whether particular matters have come to our attention.
Basis of independent examiner's report
Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with our examination, no matter has come to our attention:
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(1) which gives us reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 386 of the Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
......................................... Owen Hedges, PJE Accountants and Advisors
Date:................................ 23 College Street Lampeter Ceredigion SA48 7DY
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Studiorum Novi Testamenti Societas
Statement of Financial Activities for the Year Ended 31 May 2025
| Unrestricted | Restricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Incoming resources | ||||
| Incoming resources from | ||||
| generated funds | ||||
| Voluntary income | 45,857 | - | 45,857 | 42,700 |
| Total incoming resources | 45,857 | - | 45,857 | 42,700 |
| Resources expended | ||||
| Costs of generating funds | ||||
| Costs of generating | 28,471 | - | 28,471 | 17,298 |
| voluntary income | ||||
| Total resources expended | 28,471 | - | 28,471 | 17,298 |
| Net movements in funds | 17,386 | - | 17,386 | 25,402 |
| Reconciliation of funds | ||||
| Total funds brought forward | 144,172 | 7,246 | 151,418 | 126,016 |
| Total funds carried forward | 161,558 | 7,246 | 168,804 | 151,418 |
All of the charity’s activities derive from continuing operations during the above period.
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Studiorum Novi Testamenti Societas
Balance Sheet as at 31 May 2025
| one year Net current assets Net assets The funds of the charity: Restricted funds Unrestricted funds Unrestricted income funds Total charity funds Current assets Debtors Investments Cash at bank and in hand Creditors: Amounts falling due within |
2025 £ - 225 169,543 |
(964) 168,804 168,804 7,246 161,558 168,804 £ 169,768 |
2024 £ - 225 152,111 |
|---|---|---|---|
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Notes to the Financial Statements for the Year Ended 31 May 2025
Studiorum Novi Testamenti Societas
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Funds
The General Funds represent the funds of the Society which are not subject to any special restrictions regarding their use and are available for application to the general purposes of the Society.
The Library Fund represents the funds of the Society which are subject to a special restriction and are only available for application to specific library projects.
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Studiorum Novi Testamenti Societas Statement of financial activities by fund for the Year Ended 31 May 2025
| GENERAL FUND- Unrestricted Society Subscriptions Income from Investments & Interest Other Sources Conference Surplus (share) Reimbursements of Expenses TOTAL RECEIPTS Secretary Honorarium Expenses Assistant Secretary - International Initiatives Honorarium Expenses Finance Treasurer’s Honorarium Accounts Fee Bank Charges Software/Website Conference Fares & Accommodation Other Payments TOTAL PAYMENTS SURPLUS / (DEFICIT) FOR YEAR Net assets at 31 May 2024 Transfer from Other Funds Net assets at 31 May 2025 |
|
|---|---|
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Studiorum Novi Testamenti Societas
Statement of financial activities by fund for the Year Ended 31 May 2025
| LIBRARY FUND- Restricted Donations TOTAL RECEIPTS European Library Fund TOTAL PAYMENTS SURPLUS / (DEFICIT) FOR YEAR Net assets at 31 May 2024 Net assets at 31 May 2025 |
2025 £ - - - - - 7,246 7,246 |
2024 £ - |
||
|---|---|---|---|---|
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| 7,246 | ||||
| 7,246 |
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Studiorum Novi Testamenti Societas
Statement of financial activities by fund for the Year Ended 31 May 2025
- - - 162,297 - 7,246 162,297 - 7,246 - - - 225 - - 225 - - - - - 964 - - 964 - - 161,558 - 7,246 General Fund International Fund Library Fund |
|
|---|---|
| - - 169,543 152,111 152,111 126,649 - 225 225 225 225 - - 964 918 964 918 168,804 151,418 Total 2025 2024 |
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