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ST MELLITUS COLLEGE TRUST

Registered charity 1094157 · accounts filings on the Charity Commission register · also known as NORTH THAMES MINISTERIAL TRAINING COURSE, NORTH THAMES MINISTERIAL TRAINING PARTNERSHIP, NTMTC

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Latest income
£4.5m
Latest spending
£4.5m
Registered
2002
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £814,811, which is above the trustees' stated policy target of one term's expenditure (estimated at £480,000). The charity reported a net operating surplus of £42,426 for the year, supported by total incoming resources of £4,533,212.

What the accounts disclose

Reserves policy: one term's expenditure (estimated at £480,000) (held: £815k)
“The trustees consider that the most appropriate level of free reserves to be held on an ongoing basis would be the equivalent of one term’s expenditure. Based on current projections it is estimated that one term’s expenditure would be in the region of £480,000” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Funding received from Archbishops' Council
“The Archbishops' Council - funding received of £3,298,586 (2024: £2,584,420 ) The Archbishops' Council - outstanding net debtor £173,627 (2024: £49,623 ) The Archbishops' Council - recharge of expenses incurred on their behalf” — page 31
“London Diocesan Fund - funding received of £22,828 (2024: £20,991 ) London Diocesan Fund – outstanding debtor £NIL (2024: £NIL )” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Funding received from London Diocesan Fund
“The Archbishops' Council - funding received of £3,298,586 (2024: £2,584,420 ) The Archbishops' Council - outstanding net debtor £173,627 (2024: £49,623 ) The Archbishops' Council - recharge of expenses incurred on their behalf” — page 31
“London Diocesan Fund - funding received of £22,828 (2024: £20,991 ) London Diocesan Fund – outstanding debtor £NIL (2024: £NIL )” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Funding received from Chelmsford Diocesan Board of Finance
“The Archbishops' Council - funding received of £3,298,586 (2024: £2,584,420 ) The Archbishops' Council - outstanding net debtor £173,627 (2024: £49,623 ) The Archbishops' Council - recharge of expenses incurred on their behalf” — page 31
“London Diocesan Fund - funding received of £22,828 (2024: £20,991 ) London Diocesan Fund – outstanding debtor £NIL (2024: £NIL )” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Transactions with St Paul's Theological Centre
“The Archbishops' Council - funding received of £3,298,586 (2024: £2,584,420 ) The Archbishops' Council - outstanding net debtor £173,627 (2024: £49,623 ) The Archbishops' Council - recharge of expenses incurred on their behalf” — page 31
“London Diocesan Fund - funding received of £22,828 (2024: £20,991 ) London Diocesan Fund – outstanding debtor £NIL (2024: £NIL )” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Funding received from Holy Trinity Brompton
“The Archbishops' Council - funding received of £3,298,586 (2024: £2,584,420 ) The Archbishops' Council - outstanding net debtor £173,627 (2024: £49,623 ) The Archbishops' Council - recharge of expenses incurred on their behalf” — page 31
“London Diocesan Fund - funding received of £22,828 (2024: £20,991 ) London Diocesan Fund – outstanding debtor £NIL (2024: £NIL )” — page 31
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Moore Kingston Smith LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£4.5m
Total spending
£4.5m
Reserves (reported)
£800k
Employees
26

Reported reserves equal ~2.1 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
31/07/2025£4.5m£4.5m
31/07/2024£3.8m£4.0m
31/07/2023£3.0m£3.2m
31/07/2022£3.5m£3.4m
31/07/2021£3.9m£3.4m

Common questions

Is ST MELLITUS COLLEGE TRUST financially healthy?

The accounts state that unrestricted reserves stood at £814,811, which is above the trustees' stated policy target of one term's expenditure (estimated at £480,000). The charity reported a net operating surplus of £42,426 for the year, supported by total incoming resources of £4,533,212. Its FY2025 accounts were audited by Moore Kingston Smith LLP.