Charity Registration No. 1054907
Company Registration No. 03173420 {England and Wales)
REDCUFFE COLLEGE
ANNUAL REFIORT AND UNAUDITED FINAP4CIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
*ABD16B9V*
2PJ0912022
MPANIES HOUSE
#195

REDCLIFFE COLLEGE
LEGAL AND ADMINISTRATIVE INFORMATION
Dlrectors
Mr B Preecevsmth
Bishop M J Snow (Chair)
Ms S R Bames
MrG R Sloan
Rev l Olofinjana
Ms A F Gibson
DrNJWood
. Mr P James
Ms A Grieve
Mr N Patterson
Mrs C J L Sanderson
{Res¢gned 31 March 20211
{Resigned 31 March 20211
{Resrgned 31 March 20211
{Appoint&J 29 June 2021)
{Appointed 29 June 2021)
(Appointed 29 June 2021)
(Appointed 29 June 2021)
(Appointed 29 June 2021)
Mrs R J N BKhJlecombe
{AppOin￿J 29 June 2021)
{Resigned 19 August 2022)
Secretary
Mr A Downing
Mr A Wa*er
{Resigned 29 June 2021)
(Appointed 29 June 2021)
Charity number
los4￿7
Company number
03173420
Registered office
Easneye
Ware
Hertfordshi
United lQngJom
SG12 8LX
Independent examiner
Miriam Hid(son
Jacob CaVen￿h & Skeet
5 Robin Hcod Lar
SuttL
Surrey
SM129¥V

REDCLIFFE COLLEGE
CONTENTS
Page
Directors, rep)rt
Independent examinerfs report
Stslement of financial actmt
Statement of financial wsition
Notes to the flnancial statements
7-16

REDCLIFFE COLLEGE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2021
The Directors present their report and financial statements the ended 31 December 2021.
The financAal statements have been prepared in actr)r(lan￿ wilh ￿ ac￿Untirwj [￿l￿eS set out in notes to
the financial statements and complywith the charitys Memorandum and Articles ofAssociation, ts Charities
Act 2011, the Companies Act201￿ and"Accounting and Rep￿"ng by Char￿eS.. Statement of Recommended
Practice applicable lo charits'es preparing their accounts in aceor(Jance with the Financ￿1 Reporting Standard
applicabte in the UK and Republic of Ireland (FRS 102). (as ￿￿en￿j for accountlng peric*Js commencing
from 1 January 20191
Objectives and activilles
Objects
The Charitable objects of Reddrffe Collegellhe College") are to be an evangelical and inlerdenominalional
college committed to training an intemational t*xly of men and w￿nen in Christian ministry, with special
empttasis on evangelism. development work arwj cross trJltural miss(on. The polic(es adopted in fvrtherance
of these objects are as disdosed Wi the finanoal statements. On 22 November 2017. the charity passed
resolutions lo make changes to rts Artides of Assock8tw. includeA updats.ng lo the provisions of the
Companies Act 2006. In January 2020 the Trustees mel to review the fijture wobility of the College and
decided that the Col￿ge would only be abbe to leach rts extsling students to the end of their programmes
Isubseouenttv referred to as Yeach Oufl.
Aims
In support of its objects, the College aims to provide hwJh qualrty training through its teachir4J and learning
programmes al the post-graduate level. The courses are validated al Higher Education levd bythe University
of Gloucestershire and consist of professional development. academ￿ learning ar￿ applied personal
development that enable students to research and study issues they encounter in their current work and to
be thoroughly prepared for their future ministry in the UK and overseas. The format of progrdrnmes aims to
broaden access to the courses for students who cwld not benefft from Ihe traditional format.
Strategy and Key Objectives
The College ha5 undergone manychanges. including the decision in e8rly 2020 lo eease taking new students
into it5 programmes and lo complete its oblig8lions lo current students over the next 3 years. 11 has further
sought atternative collaborathans with other Similar colleges with the aim of offering ￿ntinUed training in
bespoke areas. The main objective has been in planning a merger with All Nations Christian College. The
transfer agreement with All Nations Christian College was sNJned on 31* March 2021. This enabled the
transfer of all acts'vities to All Nations, ex￿p1 those relating lo Teach OLrt, and all rights and assets, except
cash at bank. UFX)n completion of Teach Out. which is expected to take a minimum of three years. a final
transfer of assets will take place t*fore the College is wound LW.
Acliwties
The principal activity of Reddtffe College Ks descri￿ under Objects and Aims above.
Further information about the acbvty of the College and the thanges made this year can bè found by looking
at our website at www.redcltffe.a¢.uk.
Volunteers and other supporters
A number of people give voluntarily of their lime to be irMAved in Ihe lrfe of the Col*e, which is invaluable
to us. If we were lo pay such people Ihe (#)st to the College would be so signrficanl as to be unattainable.
We are extremely grateful to those who are involved with Redcliffe Col*e in thL8 way.
In addition. we continue to be thankful to the many individual supportets and grant-making trusts who
financially support the ministry of the Col*e and have remained faithful during this time of Iransrtion. Their
consistent and regular support makes a signfftsnt differen￿ to the ability of the eoilege to function
successfully and make the necessary changes.

REDCLIFFE COLLEGE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2021
Achigvoments and pgrfomianco
Business Planning and Strategy Rev*w
After further review of its finances and the changing global markei. Ihe trustees agreed in December 2019
thal earty in 2020 they would have to make a final decision on furthering the achievements of the College.
With this in view. plans were put in place lo ensure a good Teach Out prryxs foT all students. These plans
included conversations with the UnNersty of Gloucestershire and a review of what would be the best options
for the students.
Financial review
The College is continuing as a small charity in order lo fv￿1 its responsibilit*s for Teach Out of ils current
students. The Trustees are thanktul for the r￿nt Legacy from Mrs Ann Winser which has ensured there is
financial prO￿5[on to complete the Teach Oul. The College had undergone significant changes in the
previous year which led to the decision to ￿ase activities once Teach Out is Ll)M￿le {2023 at the earfiestl.
I staff have been maje redurKlant and All Nations Chrtstk4n College have employed some of the academic
staff to enable the Teach Out prc¢ess to continue.
Reserves Policy
The reserves policy is to ensure there is suffiaent to pay ￿ all expenses until the Teach O¢rt process
is compleled.
The Trustees consider there is enough reserves to complele the Teath Out pr(ws.
Investment Powers
Under the Memorandum and Artide5 of Assroation. the company has the power to make any irweslments
that the Directors see fiL
Risk Management
The Diwlor5 conduct a regular revwi of the major risks to which the company is exrxjsed and systems are
reviewed and updated to mf(igate these. We are of the opIn￿n th* these measures are appropriate to the
Charfty's si2e and the nature of its operations.
Future Plans
The plans for 2022 are focused on cLJntinuing to ensure a thar pl*) forTeach Out so that all current students
have an extsllenl learning exper￿nCe.
Structure. govemance and management
The charity is a company limited by guarnntee, and each member is untler covenant to contribute a sum not
exceeding £1 in the circumstances as set out in dause 6 of the Memorandum of A5souab"on.

REDCLIFFE COLLEGE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2021
Directo¢s selection, appointment and competen
The new Directors have t>een appointed in line wth the transferagreemenlwith All Nations Christian College.
The Board considers the skills mix and endeavours to identify teople who will contribute in an area that will
most suf( the current need. The current Board consists of Feople from rnBsion. thurch. theological, financial,
marketing. kgal and charitable backgrounds. al of whom bring the necess￿ experb.se to the work of the
College
None of the Oirectors has benefiual interest in the company. All of the Dire(knrs are rnembets of the
company and guarantee lo conlribute £1 in the event of a windirwJ up.
Organisational Structure
The Directors will usually meet ti¥1￿ each year to c(￿￿er all matters pertaining to the governan￿ of the
harity. The day to day rnanag￿enl of Ihe College has been txrtsourced to All Nations Christian College
since 29 June 2021.
The above ￿port has been prepared In ￿ordan￿ with the provtsilxs applicajle to Compan￿ subject to
the small companies regune.
The Directors. report wa5 approved by the Board of Directors.
Mr B Preece-smith
Diroctor
Dated.....*..l￿lTr.

REDCLIFFE COLLEGE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF REDCLIFFE COLLEGE
I report to the Tnjslees C￿ my examination ofthe financial statements of Reddrffe COl￿e (the charty)
the year ended 31 December 2021.
Responslbilities and basls of report
As the Trustees of the charity18nd also its (lirectors for the purp)ses of company law) you are resw>nsible
for the preparation of the financial statements in accordan￿ wlh the requirements of the Companies Act
2006 (the 2006 Act).
Having satisfied mysewthat the finanual statements ofthe CharItya￿ not reqiired to be audited under Part
16 of the 2006 Act and are eligible for independent examination. I report in respect of my examinati￿ of
the charitys finaneial ststemenls Carr￿ oul under seth'on 145 of the Charibes Act 2011 (the 2011 Act). In
caryng out my examination I have followed all the appluble Directions gNen by the Charity Commission
under seCt￿n 14515)Ibl of the 2011 ACL
Independent gxaminerfs statement
I have completed my examinatirm. I confim that M matters have come to my attention in connectKJn ¥￿th
the examination giving me cause to beI￿ve that in any materk41 respect.
a¢￿Untin0 records were not keDt in respeet of the charitv as required bv section 386 of the 2006 ACL"
the financial stslements do not accord with those records. or
the financial statements do not comply vthh the accounting requirements of sKtion 3￿ of the 20C6
Act other than any requirement that the accounts give a true and fair view which is not a matter
consiéered as part of an independent examination.. or
the financial statements have not been prepared in accordance with the methods a￿1 principses of the
Statement ol Re¢ommerKled Prackn"ee for accounting and reporting by charities applicable lo charities
preparing their accounts in accordan￿ wtih the Financi81 ReportirKJ Standard ap￿1¢able in the UK
arKI Republic of Ireland IFRS 102).
I have no con￿m5 and have come acfC6S no other matters in o)nnection with the examination to which
attention should be drawn in this report in order to erHble a proper underslanding of the financial
statements lo be reached.
Miriam Hickson FCA
Jacob, Caven8gh & Skeet
5 Robin Hts)d Lane
Sutton
Surrey
SMI 2SW

REDCLIFFE COLLEGE
STATEMENT OF FINANCIAL ACTIVMES
INCLUOING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted Restricted
funds
lunds
2021
2021
Total Unrestrithd Restricbj
funds
funds
2020
2020
Total
2021
2020
In¢ome and endovm)ents Irom:
Donations and legacies
Charitsble activities
Investments
Other inGome
127.1x3
20.436
4.198
131,261
20.436
143,146
163.933
22.842
36,282
179,428
163,933
22,842
150
150
Total income
147.651
4.198
151.849
330,869
36.282
367,151
8nditure on:
RaisiTrJ furnjs
5,758
5.758
Charitsble activitie5
94.930
10.000
104.930
417.873
9.256
427,129
Total expgnditure
94,930
10.OCM)
104,930
423,631
9,256
432.887
N•1 incomellexpenditure) for
the year
52.721
(5.802)
46.919
192.762)
27.026
{65.7361
Other recognisod gains and losses
Other gains or losses
10
44
Net movement in funds
52,721
(5,802)
46,919
192.7181
27,026
{65.692}
Fund balances at 1
January 2021
60,673
57.893
118,566
153,391
30.867
184.258
Fund balances at 31
December 2021
113.394
52.091
165,485
60.673
57,893
118.556
The statement offinanoal actI￿tieS in￿deS all gains and r￿ftiSed in the year.
All income and expenditure derive from continuing activths.
The slalement of financial ath"vikn"es also c(*npf*s with the requirements for an income and expenditure account
under the Companies Act 2006.

REDCLIFFE COLLEGE
STATEMENT OF FINANCIAL posmoN
AS A T 31 DECEMBER 2021
2021
2020
Current assets
Debtors
Cash at bank in hand
11
139.035
61.594
100,986
33.780
200.629
134.746
Credltors". amounts falling due
within one year
12
{35.144}
116.1801
Net current assets
165.485
118,566
Total assets less curront liabilities
165.485
118.566
Income funds
Restricted funds
Unrestricted funds
13
52.091
113,394
57.893
60.673
165,485
118.566
The company i% entitled io the exemption from the audit wu1￿MentcOntslned in section 477 of the Companies
Act 20C6. for the year ended 31 December 2021.
The membeTS have not required the company to obtain an audit in ac(tsd8rKe with section 476 of the
Companies Aci 2006.
The directors acknowledge their reSponsi￿.1rt1eS foro)mplying the requirements ofthe CompaniesAct 20C6
with ￿spect to accounting re¢or(Is and the weparation of fina￿al statements.
These financial statements have been prepared in a￿a￿laftee with the provisions applicable lo companies
subject to the small companies regime.
The finanrAal statements were approved by the ￿'￿tcrfs on .. .....
Mr B Preece-smith
Director
Company Registration No. 03173420

REDCLIFFE COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEAIBER 2021
A¢￿Unting policios
Charlty Infomiatlon
Reddrffe College is a private company limited by guarantee incorwrated in England and Wales. The
registered Off￿ is Easneye, Ware. H&rfordshire. SG12 8LX. United Kingdom.
1.1 Accounting convention
The finanual statements have been prepared in acccffdan￿ ￿ the charitys Memorandum and Articles,
the Companies Act 2006. the CharitEs Acl 2011 and'Accounting and RetK)rting by Charities: Statement
of Recommended Practice appli¢2ble to tharities preparing their accounts in accord8nce wrth the
Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102). {as amended for
accounting periods commenciTrJ from 1 January 2019). The charity is a Public Benefit Entity as defined
by FRS 102.
The financial statements are prepared in sleding. vthich is the funcb.onal currency of the charity. Monetary
amounts in these finanoal ststemenls are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention. The principal
accounting polKie5 adopted are set out beknw.
12 Golng concem
At the time of appmwng the finanoal staiements, the Directors have a reasonable expectstion that the
charity has adequate resour￿ to Continue in operational existence to coM￿ete the Teach Out of existing
students. Thus the Directors continue to adopt the going COr￿ern basis of ￿)Unting in preparing the
financial statements.
The Directors have dcKumerrted Ihetr jUstif￿110n of their gor*g (>)ncem assessment under Financial
Review wthin the Dire(*ors' ReFxyL
1.3 Charitable fvnds
Unrestricted funds are available for use at the dtscretion of the DIr￿IrS in furtherance of their charitsble
objectives.
Restricted funds are sU￿.e¢l to SFecific conditions by donors as to how they may be used. The pul￿1)SeS
and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds a￿ subJect to SpeCrft.cond￿.o￿s by donots that the eapital must bè maintained by the
charity.
1.4 Income
Income 15 recognised vthen the charity is legdly entiued lo it after any perforniance conditi'ons have been
mel, the amounts can be measure(I reliaNy, and it is probable that ino)me wll be recewed.
Cash donations are recognised on receipt Olher donations are recognised On￿ the charity has been
notrfied of the donation. unless ￿rtOM7ance conditions requi￿ deferral of the amounl. Income tax
recoverable in relation to donations r￿1Ved under Gift A*J or deeds of covenanl is ￿cOgniSed al the time
of the donatic￿.
Legacies are recognised on receipt or o¢herwise rf the chanty has been notif￿ of an impending
distribution, the amount is known, and receipt isexpected. If the anount not known, the legacy is treated
as a contsngent asset.

REDCLIFFE COLLEGE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2021
Accounting policies
1.5 Expenditure
Expenditure is inclLKled in the SLitement of Finart*l Aclivit*s on an accrual basL8. indusive of VAT and
is allocated behveen the following categories of resources expended. Certain staff costs are ¥)portioned
belween separate headings based on an estimate of slaff time.
Costs of aetmties - expenditu￿ directly ￿lated to furthering the objects of the charity
Cost of generating furids- expenditure on fundraising
Governan￿ costs- eyndI￿re to coM￿Y wrth statutory and legal requirements
1.6 Cash and cash equivalents
Cash and cash equivalents indude cash in hand. de￿$it$ hekj al call with banks. other short-temi liquid
investments wrth orwJinal maturities of three months or less. and bank overdrafts.
1.7 Financtal Instruments
The charity has elected lo apply ￿ prowsions of Section 11 'Basic Financial Instrumenls. and Section 12
'Other Financial Inslnjments Issues. of FRS 102 to all of its finanual instruments.
Financial instruments are reccgnised in the chariWs balan￿ Sheet the c*iarity becomes party to the
contractual provishjns of the instrumenL
Financial assets and kabilibes are oftset. V*ith the netamounts presented in thefinancial statements. when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on
a net basis or to realise the asset and settle the Ik41*'lty simultsneously.
Basic financial assets
Basic financial assets, which incjude debtors and cash and bank balances, are initially measured at
transaction price induding transaCt￿n costs and are subsequendy carrtd at amortised cosl using the
effective interest method unless the arrangement consb"tutes a finanung tr8ns8cb"on, where the
transadion is measured al the present value of the future receipts discounted at a mart(et rate of interest.
Financial assets dassif￿d as receivable wlhin one year are not arnorts"5ed.
Bask finan¢lal liabilities
Basic financial liabilit￿s. including creditors arKI bank loans are initialty reeognised at tran￿lion price
unless the arrangement constfftrtes a financing transaction. ￿re the debt instrurnent is measured al the
present value of the fulure payments discounted at a markel rate of interest. Financial liabilities classified
as payabk within one year are not amortised.
Debt instruments are subsequently Ca￿led at arnortised (>)5L using the effeclive interest rale method.
Trade creditors we obligations to pay forgoods orsep41￿ that have been acqured in the ordinarycourse
of operations from suppliers. Amounts payab￿ are classified as eurrent liabilities rf payThent is due within
one year or less. If not, theyare presented as non-currenl liabilrf(ies. Trade creditors are recognised initially
at transaction price and subsequently measLJred al amortised cost using the effective interest method.
Dfrrecognition of financial liabilities
Financial liabilities are derecoanised when the Charit￿$ Contrac￿1 oblyations eXF1￿ or are discharged
or canCel￿d.

REDCLIFFE COLLEGE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1.8 Employee benefits
The cost of any unused holiday entidement is recognised in Ihe Feric4J in whith the employee's services
are received.
Tennination benefts are recoJnis&J Knmediately as an expense when the charity is demonstrably
committed lo temiinate the employment of an employee or to provide temination benefits.
1.9 Retirement bgneffts
Payments to defined contribution retirement benefft schemes are charged as an expense as they f811 due.
1.10 Operating leases
Rentsls payable under operating lease5. induding any lease In￿tiVeS recewed. are tharged against
Income on a slraighl line bas¢s over the lenn of the re￿vant lease.
Crltlcal a¢￿Unting estimates •nd judgemonts
In the applieation of the chartys accounting polic￿S. the Directors are required to make judgements,
estimates and assumptions atKJul the caff￿n9 amounl of assets and liabilities that are not readily apparent
from other sources. The e5ts"mates and asscoated assumptions are based on historical experience and
other fact￿ thal are considered to be relevant Adual results may drffer fr￿ ￿se esfimates.
The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the pericKJ in whith the esb.male is revised where the revision affects only that
period, or in the ￿TIo￿ of the revision and future perw)ds where the revision affects both current and fulure
Deriods.
Donations and l•gacies
Unrestrlcted Restricted
funds
funds
Total
2021
Total
2020
Donations and gffts
Legacies receivable
14.950
112.113
4.198
19,148
112.113
105.687
73,741
I27.(￿3
4.198
131.261
179.428
For the year ended 31 December 2020
143.146
36,282
179.428

REDCLIFFE COLLEGE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Charltable actlvlues
2021
2020
Student f&s
SerV￿es provided under contraci
COVKI 19 suptKJrt
20,436
140,6
1,621
21.616
20.436
163.933
Inv•stments
Unrestricted Unrestricted
funds
funds
2021
2020
Rental income
Interest ￿CeivebIe
22.Sts)
342
22,842
Raising funds
Unrestricted Unreslricted
funds
funds
2021
2020
Fundraisin
and u￿1
Other fundraising costs
5,758
5,758
10-

REDCLIFFE COLLEGE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Expenditure on Charitable activitie5
2021
2020
Slaff costs
Library books and lapes
Bursary
Catering provisions
Consultancy fees
Validation expenses
staff and student development
Lectsjrers, OLrtsourced expenses
Travelling expenses
234,￿1
14,150
6.756
838
3.800
25.156
1.144
27,215
1,586
220
18.834
55,717
74.771
31 S.546
sha￿ of support costs (see note 8)
Share of govemance costs (see note 8)
21.026
9.133
102,916
8.667
104.930
427.129
Analysis by fund
Unrestricted funds
Reslrthd fvnds
94,930
10.000
417.873
9,256
104.930
427,129
11

REDCLIFFE COLLEGE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Support costs
Support Govemance
costs
2021
2020 Basls of
allocalion
Oulsource(l Admin & Staff Costs
Deorecialion & loss on tlisDosal
Heat, light and deaning
Rent 8nd rates
Insurance
Repairs and renewals
Legal and professi￿al fees
Telephone
Printing, stalionery and pJst*Je
Bad debt expense
l T Maintenance
Office equipment
Subscriptions arKI donatK)ns
Bank charges and inlerest
3,1
6.093
263 Time
28.367 Allocalion
2.986 Allocation
28,355 Allocation
4.516 Allocation
8,558 Allocation
1.712 Allocation
2.157 Allocation
83 Allocation
12 Allocation
10,964 Allocalion
13.513 Allocation
2.675 Allocation
1.018 Allocation
1.459
10
1,459
10
519
519
1.702
13,552
575
1.702
13.552
575
306
Legal and professional
Accountancy
Trustees meetings
Independent exarniners fees
3.643
3.643
3,195 Allocation
2.873 Allocation
336 Allocation
2.000 Allocation
2.300 2.300
21.026
9.133 30,159
111,583
Governance costs indudes p8￿Ments to the current indeFendent examiners of
£1,500 and £800 to the previous examiners {2020'. £2,000).
12-

REDCLIFFE COLLEGE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Employees & Trustees
Number of employees
The average monthly number of empbyees during the Far *Fs:
2021
Number
2020
Numbèr
Academic
Other
10
Employment costs
2021
2020
Wages and $￿an8$
Redundancy Costs
Other pension costs
189,322
28,047
17,795
235,164
All personnel were made redundant during 2020. Since November 2020. the College operates using
outsourced staff. under contract from All Nat￿nS Christian College Limited.
The former key management personnel of ts charity Mrs R Vel10r￿Ewell was the Principal of the
College up to 311t August 2020 and received remunera1￿ in her Fwition as Principal of £O1£21.990..
2020)
There were no employees whose annual remuneration was £60,OIXI or more. (None 20201
NIX￿ of the trustees was pahJ any remunerth"on. rK)r repaKI any expenses.12020: 1 trustees paid £315
lecturing).
10 Other galns or losses
Unrestricted Unrestricted
lund$
funds
2021
2020
Foreign exchange gaw
1441
13-

REDCLIFFE COLLEGE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
11 Dgbtors
2021
2020
Amounts falling due within one year.
Trade debtors
other debtors
Prepayments and wued income
20,819
2.042
116.174
22.3
863
77.733
139,035
100.986
12 Credltors: amounts falllng due wlthln one year
2021
2020
Trade credrto
Other creditors
Accruals and deferred income
14.925
2,880
17,339
6.013
247
9,920
35.144
16.180
14-

REDCLIFFE COLLEGE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
13 Restrlctsd funds
The income funds of the charity include restricted funds cc¥rprisirKJ the ftllowng unexpended
balances of donations and grants hekj on trust for spKific purposes:
Movement In funds
Movement in funds
Balance at Income Eyndltyre Balance at Income Expendlture Balance at
1 January
1 January
31
2020
2021
December
2021
Excellen
in Mission
Bible and
Mission
Erasmus
CPD
Conversion
Staff reward
for service
29.331
5,975
(6,756)
28.550 4.198
32,748
750
750
750
786
27.807
27.807
110.0001
17.807
12,SCX)I
30,867 36,282
{9.256>
57.893 4,198
110,000)
52.091
The Excellence in Mission Fu￿j is maintained to fund the ctsJrses of students who would otherwtse
be Unab￿ to meet their course fees.
The Bible and MiSs￿n FurKI commenced to suky)rt an investigalK)n into the requirement and
development of an MA in Bible and Missi¢)n. The fund contsined supp)rt from outshle Redcliffe and
enabled research to be carried out as necessary.
The Erasmus Fund contsins amounts granted by the Br￿sh Councl and enables higher educaDon
students, teachers and institutions in 31 EurO￿an counlries to studyfor part oftheir degree in another
country. For this reason the funds are ￿$trI(￿ed and the unus&J lunds are due to be retumed.
The CPD Converston Fund is to Redcliffe lo convert exsting Reddiffe cowses into CPD
courses.
15-

REDCLIFFE COLLEGE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
14 Analysls ol net assets between funds
UTrrestri¢ted Restricted
Funds
Funds
Tolal
Fund balances at 310ecember 2021 a
represented by..
Current asselslUiabilibe5)
113.394
52.091
165,485
113,394
52,091
165.485
At 31 December 2020. ￿rrertt assetsniabilities
60.673
57,893
118.566
15 Qperating lease commitments
Lesse•
Al the reporting end date the charity had OUts￿ding ￿MMItMents for firture minimum lease payments
under non-cancellabk operating leases, whith fall due as follows."
2021
2020
Wifhin one year
Befv￿n and five ￿ar5
3,175
12.7
3.175
3.175
15.875
Operating lease expenses in 2021 were £12.71XI12020.. £33.700)
16 Related party trnnsaclions
Mrs Caroline Sanderson, Mr Norman Patterson, Ms Alison Grieve arky Mr Peler James are all Trustees of
All Nations Chrisb"8n College kn'mitgxl. Mrs Rowena Biddlecrmbe is a member of the key management
personnet al All Nations Christian Col*e. During the year £66,229 was paid to All Nations Christian
College for Teach Out Costs. CPD Development and AdminIstrath￿ of the Charity. (2020 £5.8691.
As at 31 De￿mber 2021. the balance ow&J to PJI Nations Christian College was £6.546 (2020.. £5,869}
17 Post 8aJance Sh•et Event
On the 23 Feb 2022 the Serite Contrdcl was signed wll Al Nations for academ￿ and administr8tive
service5 to facilitate the Teach OUL
16-