Wycliffe Hall
Annual Report and Financial Statements
Year ended 30 June 2020
Charity number:
1156892
Company number-
09007970

WYCLIFFE HALL
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR TO 30 JUNE 2020
Contents
Page
Hall Council, OfFicers and Advisors
3-10
Trustees, Report
Auditors, Report
14-15
Consolidaled Statement of Financial Activities
16
Consolidated Balance Sheet
17
Company Balance Sheet
18
Consolidated Statement of Cash Flows
19-21
Statement of Accounting Policies
22-32
Notes to the Financial Statements

Wycliffe Hall
Hall Council, Officers and Advisors
Year ended 30 June 2020
MEMBERS OF THE HALL COUNCIL
The members ol the Hall Council are the Oirèclors and Members ol the charitable company and are Iruslees for
the purposes ol charity law Throughout this report they are collectively referred lo as the Iruslees.
The following served as members of the Hall Council during the year
Rl Revd Julian Henderson
Chair
ex officio
Chair
Revd Canon Prof Nigel Biggar
Revd Em Coley
Mrs Alison Coulter
Mr Peter Doyle
Mrs Sarah Finch
Treasurer. and Viceohairfrom
February_2020
Chair
Dr Philip Giddings
Mrs Katrina Iqancock
Chair
Re5igne(f Sept 2019
Chair
Very Revd John Irvine
Revd Dr James Kennedy
Mr Paul Lindon
Appointed June 2020
Mr Chris Tinker
Resigned Sept 2019
Revd Canon Fredeiick Kilner
Rt Revd Alistsir Magowan
Mr Simon McGuire
Vice-chÈir fesigne(t February
2020
Revd Ann Templeman
Chair
Membership of Hall Council sub-commillees during the year is shown above for each Iruslee.

Wycliffe Hall
Hall Council. Officer3 and Advisors
Year ended 30 June 2020
SENIOR MANAGEMENT
The Principal is appointed by the Hall Council lo oversee the management of the Hall and he is assisted by the
Senior Management Team.
Principal
Revd Dr Michael Lloyd
Vice-Principal & Acadetnic Dean
Revd Dr Juslyn Terry
Bursar
Mr Andy Bullerworth lunlil 18.12.20191
Mr lan Barnelson (from 06.01.20201
Revd Dr Jenni Will￿aMS lunlil 15.08.20191
Revd Dr Elizabeth Hoare lfrom 01.09.20191
Revd Greg Downes
Dean for Women
Member of SMT
ADVISORS
The follow1ng acted as advisor5 in the period under review".
Auditors..
Crilchleys Audit LLP
Beaver House 23 -38
Hylhe Bridge Street
Oxford
OXI 2EP
Bankers..
The Royal Bank of Scotland
32 Sl Giles
Oxford OX1 3ND
Solicitors..
Bales Wells Brailhwaile London LLP
2-6 Cannon Street
London EC4M 6YH
Address and registered office for Companies House purposes..
Wycliffe Hall
52-54 Banbury Roacl
Oxford OX2 6PW
Website..
www.wycliffe.ox.ac.uk

Wycliffe Hall
Trustees, Report
Year ended 30 June 2020
The Trustees present their annual report under the Charities Act 2011 together with the consolidated financial
slalemenls ol Wycliffe Hall I'the Hall I for the year ended 30 June 2020, which are also prepared lo meet the
requirements foi a directors, report and accounts for Companies Act purposes.
REFERENCE & ADMINISTRATIVE INFORMATION
Wycliffe Hall is a company limited by guarantee (Company Number 090079701 and is registered with the Charity
Commission. charity number 1156892 and Is incorporated in the United Kingdom
Wycliffe Hall was Incorporated on 23 April 2014 and registered wilh the Charity Commission on 1 May 2014. On
1 July 2014. all the a5sels, liabilities and staff of the unincorporated Wycliffe Hall Iiusl Icharity regislr2lion number
3097031 were transferred lo this new company.
cliffe Hall is a Permanent Private Hall of the University of Oxford.
STRUCTURE, GOVERNANCE & MANAGEMENT
Constitution
The Hall is governed by Arlicles of A5so¢ialion daled 23 April 2014 and is a charitable company limited by
guarantee.
Governance
The Hall Council continues lo review ils governance procedures. In the past, this has included legal structure,
trustee appoinlmenl, induction and term of office, responsibilities and review of ils own procedures and policies.
Further work on the Committee slruclurè has taken place during the year.
Organisational Managamont
The Hall Council normally meets four times a year and ils meetings are attended by the Principal and other
members of the Senior Management Team, together with the President and Presidenl-elecl ol the Cofflmon
Room.
In order lo ensure that the Hall Council fullils ils fiduciary duty of full involvement in selling the strategic direction
and the moniloring and evaluation ol its aclivilies, the Covncil has established several formal sub-commillees.
This enables the Council lo discharge ils duties and responsibilities in these areas in a more effective way. bul
does not absolve the Council from ils collective responsibilities., fftlher il enables a small group lo give more
detailed consideration lo these mallers and then lo report lo the whole Council.
111 Finance Committee
This approves a draft budget for presentslion lo the Council and keeps the developing finances of the
Hall under review, making recommendations lo the Council in adminislralive and policy areas.
121 Educ81ion Committee
This reviews the leaching, training and formation ol all students and considers major decisions on
education and training which may affect the H811's relationship with Ministry Division andlor the University
ol Oxford and other major stakeholders.

Wycliffe Hall
Trustees, Report
Year ended 30 June 2020
131 Governance & Nominations Committee
This recommends candidates for membership of the Council (for election by the Council as a whole) as
vaGancies arise and recommends improvements lo the govemance arrangements of the H311.
141 Development Comrnillee
This determines Development priorities and largels, ensuring that the Hall's oveffill Development actr'vilies
are kept under review. including compliance with the Code of Fundraising Practice.
151 Remuneration Committee
This review5 2nd agrees staff salaries, pension provision and other staff benefits. In due course, the remit
will be extendèd to include all HR-related mallers.
A meeting of sub-commillèe chairs lakes place immediately prior lo each Hall Council Meeting in order to brief
the Chair and ensure that Council bLJsiness 15 conducted as efficiently as possible.
The Senior Management Team meets every two weeks during term time, and as required during vacations Those
academic staff who hold employment contracts with Wycliffe14all andlor have responsibility lor a Fellowship Group
also meet lortnighlly in term lo conlrribute lo the management of the Hall
Group Strueture and Relationships
By a scheme dated 1611212014. the Charity Commission appointed Wycliffe Hall as sole corporate Iruslee of the
predecessor Irvsl Vvycliffe Hall Icharily number 3097031. This included transfer of lille lo the Hall's main building
152-54 Banbury Road) which is a permanent endowment. The Wycliffe Hall trust continues lo exist bul is
essentially dormant-. ils only lulure activity will be il the trust receives legacies.
cliffe Hall has b￿0 wholly owned non-charilable trading subsidiane5, whose profits are donated lo the Hall
under the Gift Aid scheme.
Wycliffe Hall Services Ltd IWHSLI is incorporated in the United Kingdom and manages the provision of
services outside the charitable objects of Wycliffe Hall.
Wycliffe Hall Development Ltd IWHSLI was incorporalecl in the United Kingdom during the yearlgth Dec
20181 and manages development of student accommodation on the main sile.
Risk Management
The Hall has on-going processes which operated throughout the financi21 year for identifying, evaluating and
managing the principal risks and uncertainties faced by the Hall and ils subsidiary in undertaking Ils aclivilies.
The Hall has developed systems lo monitor and control these risks lo mitigate the impact they may have on the
Hall's future and these are overseen by the Finance Committee This includes reviewing the level of insurance
cover provided by the Hall's insurers The Hall Council, who have ultimate responsibility loi managing any risks
faced by the Hall. have reviewed the processes in place lor managing risk and the principal Identified risks lo
which the Hall and Ils subsidiary are exposed and have concluded that adequate systems are in place lo manage
these risks. A risk register is updated and reviewed each year. The impact of the Coronaviru5 pandemic and the
need for immediale and largeled responses lo il has reinforced the need lo further review and update the risk
register This was ong01ng at the end of the Iinancial year.

Wycliffe Hall
Trustees. Report
Year ended 30 June 2020
OBJECTIVES & ACTIVITIES
Charltable Objects
The Objects of the Hall as slated in the Articlès of Association are".
111 To provide theological instruction consislenl with the principles of the Church of England lo
C2ndidales lor ordination and. subject Iherelo, lo provide theological education (with a preference for
in(Sividuals who are undertaking 2 course of study in theology or who have been Ofdainedl.
121 In carrying out ils obje¢ls the Charity may provide accofflmodalion for students.
Activltles and Objectives of the Hall
The Hall's principal activity, as described above, is the provision of theological in51ruclion and ministerial training.
The Hall continues to provide ministerial training lo Church of England ordinands, as well as others from a wide
variety of different church backgrounds. Each year, Wycliffe Hall admits undergraduate and poslgraduale students
lo study Theology and related disciplines.
The Hall Council approved a 10-year Strategic Plan during 2018 and this has been used lo review activity and to
make plans. The Hall has a vision lo see the nations transformed by the gospel by renewing Christian leaders in
prayer, character, preaching and thinking. In order to achieve this, we are committed to..
Train lifelong disciple makers... by equipping 2 generation of ordained and lay leaders with gospel-cenlred
knowledge, character formation, and pastoral skills through a range of carefully designed courses.
qualifications and training programs.
in Community.. by bringing qualifying students to worship, live and study together, regardless ol background
or financial conslrainls, through the provision ol a portfolio of bursaries and scholarships
with excell&nl Bible-cenlred teaching.. by enabling lulors lo undertake further study lo enrich their leaching
through establishing endowments for faculty scholarships ln biblical studies". history. theology and ethics.,
mission. apologetics, liturgy and ministry., and in Evangelicalism.
in a Ihoughl-provoking city . by providing affordable. quality accommodation and 215l Century 12cililies in the
centre of Oxford with access to all of the cultural. sporting, academic, and missional opportunities which the
City 8nd University provide
An increasing number of ordinands now follow more flexible pathways ￿cogniSed by the Ministry Division of the
Church of England. These part-lime and mixed mode pathways provide an allernalive option for the Church to
train ils ordinands while they conlinLJe lo be actively engaged In ministry.
A significant number of students are admilled each year lo the one-year Certificate in Theological Studies ICTSI,
offered IhroLsgh the Oxford University Department of Continuing Education. Some students complete the course
part-lime over two years, others continue lo the Diploma In Theological Studies IDTSI and Bachelor in Theology
IBThl.
The Scholarship and Christianity in Oxford ISCIOI program brings American Visiting Students lo Oxford for a
semester's study in each of Michaelmas and Hilary Terms. This programme is a partnership between the Hall and
the Us-based Council of Christian Colleges and Universities. The University of Oxford has determined that in
future years, the number of visiting students musl be limited lo a proportion of the number of malriculaled Oxford
students, which will cause the SCIO programme size lo reduce.

Wycliffe Hall
Trusteos, Report
Year ended 30 June 2020
Wycliffe Hall also aims lo be a centre ol theological excellence within the Anglican Evangelical tradition As part
of the University of Oxford, il models a￿deMiC excellence and Integrity, and, as an inslilulion training people lor
church ministry, il is also cotnrnilled to providing an oulslanding professional training and lo producing students
who will be strong leaders. For all these reasons, the H811 pays great allenlion lo ils leaching, to the quality of
community life in th@ Hall and to the pastoral care 2nd personal development ol its students.
Public Benefit
Wycliffe Hall is an educational eslablishmenl, founded lo provide training for those who seek ordained ministry
within the Church of England. It accepts students from a wide variety of backgrounds who seek lo study theology
within the University of Oxford. The education is provided formally within the Hall and University, and most courses
lead to University of Oxford qualifications.
Hall Council has considered the Charity Commission's guidance on public benefit. The beneficiaries of the
charit8ble activity undertaken by the Hall include the students themselves, those impacted by the students during
their placements and missions, the Church of England and other bodies, individuals and communities which will
benefit from the future ministries of those who have trained al the Hall.
As with other educational establishments, a major benefit lo the students is in the formal conveyance of
knowledge This is done In a variety of sellings Including lectures and ILilorials. bul is also imparted through peer
groups. on p12cemenl and on mission. The Hall also seeks lo provide a setting conducive lo learning, with
emphasis on community Iile. mutual support and the accessibility ol staff who seek to provide appropriate counsel
in every circumslBnce. The Hall constantly strives lo improve on ils already high slanclards by encouraging
feedback from the students on all aspects of their experiences al the Hall each term
On one level, the sucTrss ol the education provided al the Hall can be seen in the qu21ifications from the University
of Oxford which the stLidents r&ceive at the end of their courses. However, this academic yardstick does not
reflect the full extent of the training given within the Hall lo prepare the students for leadership in the Church of
Eng12nd and other spheres of Christian ministry. The benelicial Impact of these students is fell in many ways and
places.
The Hall believes that il is in the interests of society as a whole that religious leaders are trained al the highest
academic level. The exposure of every sludenl lo the (rigorously formed and articulately expressed) views of
others, and the subjection ol every belief, however cherished, lo the critique of others produces religious leaders
of greater humility. moderation and ability lo engage inlelligenlly and graciously with those who hold opposing
beliefs. Such an education and training help develop leaders who will not preside over the retreat of religious
groups into a sectarian allilude, bul which will contribute positively lo the debates
and the needs
contemporary society.
The aims sel for the Hall's subsidiary is lo help finance the Echievement of the Hall's aims as above.
Flnanclal Support for Students
The H211 charges luilion fees In line with externally regulated rates and sets reasonable accommodation and meal
charges
In order to assist undergraduates entitled to Sludenl Support, the Hall provides through a scheme operated in
common with the University and other Colleges, bursary support for those of limited financial means. The scheme
is approved by the Office of Fair Access IOFFAI and provides benefits al a subslanlially higher level than the
minimum OFFA requirement.

Wycliffe Hall
Trustees, Report
Year ended 30 June 2020
Most the Hall's independent students {i.e. those whose training costs are not paid by the Church of England) are
not eligible for Sludenl Support. Where possible, the Hall provides financial support for students, including several
bursaries and lee waivers each year lo fund lees and living costs lor both undergraduate and graduate students
For the academic year 2019120, the number ol awards made by the Hall was 1212018119.. 371 and the lolal value
awarded was E41.654 12018119.. £122, 1161. The Hall also supports Students with travel expenses associated
with their ministerial placements and operates a limited hardship fund, lor which sludenlB Incurring unexpected
financial hardship 2re eligible. Wycliffe Hall is most grateful for the support ol donors who have contributed lo
Bursary funds.
ACTIVITIES AND PERFORMANCE
cliffe Hall continues lo renew Christian leaders in prayer, character, preaching and thinking towards Ils vision
of seeing the nation5 transformed by the gospel.
In the academic year beginning October 2019, 113.5 full b'me equivalent studenls12018.' 1271 were studying al
Wycliffe The equipping ol men and women for ordained and lay ministry remains the central activity ol the H311
All those preparing lor ordained ministry in the Church ol England secured positions as Curates and are serving
in that conlexl in dioceses across the nation. Others have taken up varioLJS roles in this country or overseas,
including the US and Singapore. We always enjoy hearing feedback from our alumni and are constantly
encouraged lo see the tsngible Impact they have around the world
Exam results lor students on University ol Oxford courses were again excellent. with academic awards being
won by several of them. A cohort of students completed the Church of England's Common Awards programme
and were awarded diplomas ancl degrees by the University Df Durham.
Wycliffe Hall has continued to see ils number ol graduate studeiils growing. 1ncluding several who have
previously been al the Hall lor our Visiting Sludenl programine. Our Gr2duale Sociely Is now well established
and is recognised as offering very effective support lor graduate 51udenls in their studies 11 loslers a strong
sense of community with a regular programme ol academic and Social events. These include a lortnighlly
Graduate Research Seiminar, where acadèmic papers are presented on a variety of subjects fiom Wycl￿ffe
graduates and staff as well as other graduates and academics across the University. A lermly 'Lounge Lecture,
has featured a wide variety of speakers from the UK and further afield in a relaxed social setting.
During the year, the Principal and Vice-Principal continued lo hold meetings wilh the Bishops and Oiocesan
Directors of Ordination IDDOS) of tnany dioceses, lo share our vision for the future of Wycliffe Hall and the
various courses we offer. A Vocations Conference for Women was Drganised specifically lo increase the
number ol women coming to Ilie Hall lo train for ordination.
In addition lo their leaching, lulors have been active in research and writing, with several books and articles
being published by them throughout the year. The Hall has also been encouraging scholarship through hosting
New Teslamenl Research Seminars al which local and visiting scholars presenl papers. There Is also a weekly
Principal's Hour al which Oxford academics and other scholars and praclilioners, from a wide variely ol
disciplines and lailh perspeclives, are Inviled lo speak. This sliong research activity means that we will be
SLJbmilling 4.4 siafl lo the 2021 REF Ilhe Government research excellence assessment framework), compared
to only one member ol stall in the last exercise in 2014. This should result in around £35k p.a ol addilional
ncome for the Hall from 2022 onwards
Wycliffe Hall's staff continuèd lo make a significant impact outside the Hall as well. The Director of Ministerial
Training and other Drd21ned members of siall have continued lo preach and leach in many sellings, contributing
lo the life Df several churches and Christian oiganisalions. These and other lulors have a150 been conlribuling
al academic conferences In this country and overseas.

Wycliffe Hall
Trustees, Report
Year ended 30 June 2020
Impact of Coronavirus
The most significant laclor affecting the activities of the Hall during the year was the onset of Coronavirus.
Beginning just as Hilary term ended, its impact was felt for the rest of the academic year with no more face-lo-
face leaching, no meal provision. and in many cases, no need for accommodation lor our 51udenls, and the
cancellation of all conferences expected lo be held during the Easter and early parl of the sumtner vacations. We
were also unable lo generate any income from B&B bookings as we would normally have anlicipaled.
Thanks lo the efforts of many, we were able lo offer a full range of luilion and worship for Trinity term online, A
regular weekly meeting of key operational staff and some SMT members ensured that the Hall's response lo the
ever-changing circumstances was as effective as il could be, managing the often competing demands of the Hall
being a home foi students al the same lime as a work place for staff.
FINANCIAL REVIEW
The financial slalemenls have been prepared in accordance with the accounting policies as sel out on pages 19
10 21 and comply with the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by
Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard Applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January
20151
Opprating Performance
Despite Coronavirus. total income for the year fell by only £27k lo £2,530k12019". £2,557kl. Much of this reduction
reflects the declin8 in the number of international studen15. and their tuition fees and related rental income
following the Cessation of the relationship with the Oxford Centre for Christian Apologetics IOCCAI re5ulling from
their trademark dispute with the University of Oxford. Conversely, the level of fees from ordinands Incre25ed by
£37k in the year to £512k12019 £476kl. Predictably. during the pandemic. our conference income fell by £71 k
129°/ol from £242k in 2019 10 £171 k Ihis year Vvhere possible. we have reschèduled conferences Into 2021 bul it
is loo soon lo know whether these will be possible
Total income was positively impacted by a more than doubling of donations and legacies from £150k in 2019 10
£319k this year This included £280k of reslricled giving the highest lolal In Wycliffe history - primarily lundino
the bringing lo Wycliffe Hall of Revd Prof. NT Wright as Senior Research Fellow in October 2019. and the
replaTrmenl ol the boiler in the main building. We are very grateful lor these gifts and encouraged by the
continued and increasing commilmenl that our donors are showing lo the development of the Hall's aclivilies.
Unreslricled donations were £38k12019'. £94kl, including gifts for purposes such as burs2ries which are parl of
our regular expenditure
During the pandemic, we took measures lo manage our largest item of expenditure that of staff payroll. We
insliluled a hiring freeze, delayed regular salary Increases and look advantage ol the Government's Job Retention
scheme IFurloughl, making sure that all our furloughed staff continued lo receive lull salaries. We are pleased
that these actions avoided us needing lo make any redundancies as other Colleges have done We were also
able to arrange a Governmenl-backed Coronavirus Business Interruption Loan In August 2020 which provides an
interesl-free liquidity cushion for a further year Ljnlil the Impact of Coronavirus and our mitigating actions can be
seen more clearly.
Totsl expenditure reduced by £20k year-on-year at £2,461 k12019'. £2,481kl. This resulted from the Coronavirus
mitigations listed above, together with the difficulty in undertaking some ol our marketing and other external
activities during this period The depreciation charge increased lo £206k12019." £151 kl and Capital expenditure
of £117k12019.' £392kl was added lo fixed assets during the year. Overall. the Hall rècorded an unreslricled

Wycliffe Hall
Trustees, Report
Year ended 30 June 2020
deficit of £83k12019 £78k surplus). Reslricled Funds grew from £176k lo £327k in the year, reflecting the impact
of the reslricled donations detailed above
Two 108ns from RBS tolalling £gOOk were due lo be repaid in AugLJsI 2020. These had been drawn down lo
support, amongst other things. the refurbishment works al 4 Norham Gardens. It had been intended lo repay
these loans from the procee(Js of a sale of a properly in South Oxford which is surplus lo requirement, 2nd from
a property legacy in Summertown. Both these Iran5aclions although proceeding. have been delayed. Accordingly,
the loans have been refinanced for a further year.
Reserve5 Policy
The Hall's reserves policy is lo maintain sufficient free reserves lo enable il lo meet ils shDrl-lerm financial
obligations in the event ol an unexpected revenue shortfall anol lo allow the Hall lo be managed efficiently and to
provide a buffer that would ensure uninlerrupled services.
The Hall aims lo operate on a balanced budget basis, and therefore allempls lo restrict expenditure lo the level
of lee and conference income plus anlicipaled unreslricled donations.
Totsl funds ol the Hall and ils subsidiaries al the year-end increased to £9,873k12019. £9,746kl. This includes
endowment capital of £561 k12019.' £560kl and unspent reslricled income funds lolalling £327k12019, £176kl.
The vast majority ol Wycliffe Hall's reserves are invested in propety in order lo provide adequate space for the
academic and adminislralive functions of the Hall, lo provide housing for staff and also lo provide housing for
students in line with the second object in Ihe Deed of Trust. Current assets are normally restricted lo the minitnum
required for the transaction of the Hall's day lo day business. Free reserves li.e. unreslricled nel current asselsl
al the year-end Increased lo £378k IJLJne 2019.. £31 gkl which is elaborated in more detail in Note 14 to the
Accounts.
Grant-making Policy
Grants are made from reslricled funds in accordance with the reslriclions imposed on those funds.
Investment Powers
The Trustees are empowered lo invest the Hall's assets al their discretion
FUTURE PLANS
Wjcliffe Hall undertook a slialegic review In early 2020, following the decisions of the University of Oxford lo
limit Ils ability as a Principal Private Hall IPPHI from offering Durham University Common Awards lo ordinands
from Michaelmas 2022. and lo reduce the number of Visiting students admitted. The Hall has determined lo
continue as a PPH, providing a full range of University of Oxford courses lo both ordinands and independent
students. In addition, resources will be devoted lo developing and coordinating a range of new income-
generating courses th31 are consislenl with the charitable objectives of the Hall. Recognising the importance of
our properly assets on our central Oxford sile. work will be done to ensure that the Hall is able lo continue lo
provide afford2ble. quality accommodation whilst maximising the income generating potential of these assets.
Building on the recent success of our philanthropic donations, a series of priorilised largeled campaign5 are in
place lor the eoming year including funding new leaching posts. missional development, capital projects and
operational support.

Wycllffe Hall
Trustees, Report
Yearended 30 June 2020
STATEMENT OF TRUSTEES. ACCOUNYING AND REPORTING RESPONSIBILITIES
The IKu3lees are responsible lor preparing th8 Truslees, Annu81 R¢pDrl and the financial slalernents Iii
accordance with appllcable law and United Kingdom Aceounling Slandar(Js IUnSled KlnJdom Generally
Accepted Accounltng Prackn'cel and appltcable lawl, Induding Financial Reporting Slandard 102". Tlie FinancSal
Repgrting Slandard Appli¢?ble in the UK and RepublSc ol Ireland IFRS 1021,
The law applicable lo charilie3 In England & Wales requlres the trustees to prepare financlal slatements for each
financial year iyhich give a true and fair view ol the state of affairs of the eharily and of the incoming resources
and 8ppliralion ol re8ources ol the charity for that P8riod. In preparing Ihese financial 8laternents. lh6 tru51ees are
Tequired lo..
select 5uilable 8ccounling policies and then apply Ihem ¢on51slenlly,
observe the method5 8nd PTlrtc¢ple3 in the Charities SORP,.
Inakejudgements and estsmates Ilial are reasonable PTltdent',
stale whevier 8ppli¢Bble accounting standards including FRS 102 havo bean followed.
subj8Ct lo any material departures disc1058d and explained in the finan¢ial slatemenls-
Prepa￿ Ihe finandal $laternanl8 on the going concern basis vnless il is inappiopriBle lo
Presume thal the el)arity w511 conlinuÈ In operallon.
The tru$lees are rB5ponsiblB for keepin9 proper accounllng fecords that disclose wilh reasonable accuracy al any
lime Ihe finantsal poslllon of Ihe charity and ?nablg them to ensure Iliat Ihe fnancial statements Comply with the
Charities Acl 2011 and the provlsions of Iliè tr￿$1 deed. They are 8150 responsible for salEguardino 11)e assets ol
the charity and hen¢6for taking reasonabl? Steps for the pr6v8nlbn and detection of fraud and olher irregularit￿8.
The trustees are Iesponslble lor the malntenance and Iniegrtty Df the charity and financlal informalion includgd c
the charily's website. Legislglion in thé United Kingdom govemlng the preparalion and dis8Bm¢nalion ol financial
slalement5 may difforfrom lègislallon In olherjurisdicllon3.
Insofar as IIIB Irusloe5 are aw8ie al the time ol approving our Irustees. annual report".
Thore Trs no r8l&vanl information, belng infomiallon needed by Ihe audltor In conneclton wlth prèparing
their report, of which Ihe group's audllor is unaware, and
Tlie trustees. having made enquiries Df fellow directors and the gio¢Jp's auditor that they ouglil lo have
indsvidually taken, have each taken all Steps that helshe 1$ obliged lo lake as a dbreclor in order lo tnake
Ihem3elves aware ol any relevant audil infomiation on¢J to 88lablish Ihal the audllor is awafe ol that
inforTnalion.
Approv8d by Ihe Board ofTru51ees on 19￿ NO￿rnber 2020 and sr9ned on 119 behalf by..
Rl Revd Julian Hènderson
Chairrnan
Doyle
surer and Vico Chalrman
10

Wycliffe Hall
Independent auditors. report to the members and trustees of Wycliffe Hall
Year ended 30 June 2020
Opinion
We have audited the financial slalemenls of Vvycliffe Hall Ilhe °Charily'l and its subsidiaries Ilhe group I for the
year ended 30 June 2020 which comprise the Consolidated Slalemenl of Financial Aclivilies, the Consolidated
and Company Balance Shee15, the Consolidated Statement of Cash Flows. the Slalemenl of Accounting
Policies and notes lo the financial slalemenls. The financial reporting framework that has been applied In their
preparation Is applicable law and United Kingdom Accounting Standards, Incliiding Financial Reportin9
Standard 102.. The Financi81 Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdom
Generally Accepted Accounting Practice).
In our opinion. the financial slalemenl5.'
give a true and fair view of the slate of the group's and of the parent charity's affairs as al 30 June 2020
and of the group's surplus for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.
have been prepared in accordance with the requirements of the Companies Act 2006
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial slalemenls section of our report. We are indèpendent of the Charity in accordance with the
ethical requirements that are relevant lo our audit of the financial slalemenls in the UK. including Ihe FRC'S
Ethica1 Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis lor our
opinion.
Conclusions relating to going concern
We have nothing lo report in respect of the following maller5 in relation to which the ISAS IUK) require us lo
report to you were".
the Iruslees, use of the going concern basis of accounting in the preparation of the financial statements
is no)1 appropriate, or
the trustees have not disclosed iii the financial slalemenls any identified material uncerlainlies that may
cas151gnilicanl doubl about the Charity's ability lo continue lo adopt the going concern basis of
accounling for a period of al least twelve months from the dale when the financial slalemènls are
authorised lor issue.
other information
The Iruslees are responsible for the other information. The other inforrnalion comprises the information included
in the annual report olher than the financial slalemenls and our aLJdilor's report Ihereon. Our opinion on the
rinancial slalemen15 does not cover the other inlormalion and, except lo the exlenl otherwise explicitly slated in
our report, we do not express any form of assuranTr conclusion thereon.
In connection with our audit ol the financial 51atemenls, our responsibility Is to read the other information and, in
doing so, consider whether the other Information is materially inconsislenl with Ihe financial slalemenls or our
knowledge obtained in the audit or otherwise appears lo be materially misslaled. If we identify such malerial
inconsistencies or apparent material misslalemenls. we are required lo determine whether there is a material
misslalemenl in the financial statements or a material misstatement of the other information. If, based on the
work we have performed, we conclude that there is a material misstatement of this other information, we are
required lo report that lacl.
We have nothing lo report In this regard.

Wycliffe Hall
Independent auditors. report to the members and trustees of Wycliffe Hall
Year ended 30 June 2020
Oplnions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the inforrnalion given in the Iruslees, report lincorporaling the directors, reporll for the financial year lor
which the Iinancial slalemenls are preparèd is consislenl with the financial slalemenls". and
the Iruslees, report lincorporaling the directors, report) have been prepared in accordance with
applicable legal reqiiirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding ol the company and its environment obtained in the
course of the audit, we have not identified material misslalemenls in the Iruslees, report.
We h2ve nothing lo report in iespecl of the following mallers in relaliDn lo which the Companies Act 2006
requires us lo report lo you if, in our opinion.
sufficient accounting records have not been kept.
the financial slalemenls are not in agreement with the accounting records and returns.
certain disclosures ol Iruslees, remuneration specified by law are not made.. or
we have not obtained all the information and explanations necèssary for the purposes of our audit.
the trustees were not enlilled lo lake advantage of the small companies, exemptions in preparing the
directors. report 8nd from the requirement lo prepare a strategic report.
Responsibilitie5 of the trustees
As explained tnore lully in the Iruslees, responsibilities slalemenl set out on page 10, the trustees are
responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and lair
view, and for such internal control as they determine is necessary ID en2ble the preparation of financial
stalemenls that are free from material misslalemenl, whether due lo fraud or error.
In preparing the financial slalemenls, the trustees are responsible for assessing the Charity's ability lo continue
as a going concern, disclosing, as applicable. mallers related lo going concern and using the going Concern
basis of accounting unless the Iruslees either intend lo liquidate the Charity or lo cease operations, or have no
realistic alternative bul lo do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial slalemenls a5 a whole are free
from material missialemenl, whether due lo fraud or èrror, and lo Issue an auditor's report that Includes our
opinion. Reasonable assurance is a high level of assurance bul Is not a guarantee that 3n audit Conducted in
accordance with ISAS IUKI will always delecl a material misstalemenl when Il exists. Misslalemenls can arise
from fraud or error and are considered material if, individuElly or In the aggregate, they could reasonably be
expected lo illfluence the economic decisions of users taken based on these financial slalemenls.
A further description ol our responsibilities for the audit of the financial slalemenls is located on the Financial
Reporting Council's website al.. www.frc.org.uklaudilorsresponsibililies. This description forms parl ol our
auditor's report.

Wycliffe Hall
Independent auditors, report to the members and trustees of Wycliffe Hall
Year ended 30 June 2020
Use of our report
This report Is made solely lo the Chaiity's members. as a body, in accord8nce with Chapter 3 of Part 16 of the
Companies Acl 2006. Our audit work has been undertaken so that we might stale to the Charity s members
those mallers we are required lo slate to them In an auditor's report and for no other purpose. To the fullest
exlenl permilled by law, we do not accept or assume responsibility lo anyone other Ih8n the Charity's members
as a body, for our audit work, for this report, or lor the opinions we have formed.
Robèrt Kirtland FCA (Senior Stalulory Auditor)
For and on behalf ol Critchleys Audit LLP Islatulory Audilorl
23-38 Hythe Bridge Street
Oxford
OX12EP
Dale. 15 December 2020
13

Wycliffe Hall
Consolidated Statement of Financial Activities
{including Consolidated Income and Expenditure Account)
Year ended 30 June 2020
Unrestricted Restricted Endowment
Funds
Funds
Funds
2020
2020
2020
Total
Funds
2020
Total
Funds
2019
Note
Ineome and
endowments from
Charitable activities
Teaching, research and
residential
Donations and legacies
Trading income
Bank and other interest
Other Income
2,132,220
37.898
78,002
570
10
2,132.220 2.355,948
318,838
149.581
78,002
51,488
570
10
280,440
500
Total Income
2,248,700
280,440
500
2,529.640 2,557,020
Expenditure on
Generating Funds
Fundfftising and
publicity
Trading expenditure
94,289
94,289
117,764
181
94.289
94,289
117.756
Charitable expenditure
Teaching, research and
residential
2,265,956
100,315
2,366.271 2,363,219
Totsl expenditure
2,360,245
100,315
2,460,560 2,480,975
Net income I
lexpenditurel
1111,5451
180.125
500
69,080
76,045
Transfer be￿een funds
28,523
128.5231
Surplusl{Deficitl
183.0221
151,602
500
69,080
75,045
Other recognised
gainsl Ilossesl
Gain on revalLJalion of
fixed assets
Actuarial gainsl Ilossesl
on defined benefit
pension scheme
11691
11691
105
59,000
59,000
14.000
Net movement in
funds
124,1911
151.602
500
127.911
90,150
14

Wycliffe Hall
Consolidated Statement of Financial Activities
{including Consolidated Income and Expenditure Accounti
Year ended 30 June 2020
Unrestricted Restricted Endowment
Funds
Funds
Funds
2020
2020
2020
Total
Funds
2020
Total
Funds
2019
Balances brought
forward at 1" July
2019
9.009,458
175,648
560,500 9,745.606
9,655,456
Balances carried
forward at 30, June
2020
8.985,267
327,250
561.000 9,873.517
9,745,606
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing aclivilies.
15

Wycllffe Hall (Company Number 090079701
Con$olldated 8alan¢e Sheet
Year ended 30 June 2020
UnrostrlGtod
Funds
2020
Re$lrl¢t•d Endowmonl
Funds
Funds
2020
2020
Total
Funds
2020
Total
Funds
2019
Note
Flxed Assets
Tangible Assets
13.562,$80
69.584
560.000 14.192.164 14,305,446
Current Assets
Slo¢k
Debtors
Cash al bank And in hand
286
290.839
286
290,839
29S
308.352
e50,750
257.686
1,000
1,109,416
811,579
1,141,875
257.686
1.000
1,400,541
1,120,226
Cr¥ditor4
Amounts lalbn9 due within
one year
10
763.715
763.715
624,654
N¥t Currenl Assvts
378.160
257.686
1.000
636,826
495,572
Total A$$o15 losy
Curront Llabllilies
13.940.740
327,250
561.000 14,828,990 14,801,018
Cr•dltors
Amounts lalling due after
more Ihan one year
12
4.923,473
4,923,473
4.950.412
Pen61on Scheme
ProVis￿n
32,000
32,000
105.000
Total credilors due after
Morè than one year
4.965,473
4,955,473
5,055,412
Not A$8èts
8.985.267
327,250
561,000
9,873,517
9.745,606
Copltal Fund#
Endowrnenl Fund6
Reslricled Funds
D¢$ignated Funds
un￿striCted Fund$
581.0
561.000
327.250
76,069
8,909.198
560,500
175,648
76.069
8,933.389
15
16
327,250
76,089
8.909.198
Total Funds
B.985.267
327.250
$61,000
9.873.517
9.745,606
Appioved by tha Board of Tru?t¢e¥ on 191h Novernber 2020 an(J 56gned
its behall by:
Revd
lian He
rson (Chalrl
Peiei Doyle IT
urer and
16

WyGllffe Hall
Company Balance Sheet
Yèarended 30June 2020
Unrestrlcted Rostriclgd Endowm•nl
Funds
Funds
Funds
2020
2020
2020
Tolgl
Funds
2020
Total
Funds
2019
Noto
Flxed A5SOts
Tangible Assets
Investmenls
13.562,580
10
69,584
S80.000 14,192,184 14.305,446
10
10
13,562,590
69,584
560,000 f4.192.174 14.305,456
Curronl Ass•ts
Stock
Debtors
Cash al Bank and in H8nd
286
380.522
709,814
286
380.552
968.479
295
345.3B5
715.965
257,668
1.000
1.090,622
257.666
1.000
1.349.288 1,061,645
Credltors
Amoun18 lalling due within one year
io
759.925
7Jf9.925
599.508
Not Curronl A¥s&ts
330,697
257.686
1,000
589,363
482,137
Total Assets les$ Currant
Llabllltios
13,893.287
327.250
561,OOD 14,781.537 14.767.593
Credltors
Amounls falling due aftef more than
one year
Pènsion Scheme Provision
12
4.923.473
32.000
4.923,473 4.950,412
32.000
105.000
Total creditors du& after mortr than
one year
4.955,473
4.9S5.473 5,055,412
Ngl Asset5
8.937.814
327.250
561,000
9,826,084 9.712.181
Capital Fund$
Endowment Funds
Restricted Funds
DÈslgrialeiJ Funds
Unreslrieted Funds
561.000
561,000
560,500
327.250
175.648
76.069
76,069
8.861.745 8.899,9S4
15
16
327.250
76.069
8.8fj1,745
.937.814
327,250
561,000
9,112e,064 9,712.181
Approved by the Board ol Trustees on 19th November 2020 and signed on I
behall by..
l Rev<1 Julia
erson {Chairl
Peter Doyle (Tièa
randvi
17

Wycliffe Hall
Consolidated Statement of Cash Flows
Year ended 30 June 2020
Note
2020
2019
Nèt cash provided by (used in) operating activities
17
410,814
27,655
Cash flows from investing activities
Proceeds from sale of property, plant and equipment
Purchase ol properly, plant and equipmenl
Net cash provided by (used inl investing activities
8,315
-(117,042L
391,964)_
J108.727
.I_ 1391,964
Cash flows from financing activities
Repayments of borrowing
Cash inflows from new borrowin9
Net cash provided by (used inl financing activities
14,2501
117,0001
500,000
483,000
4,250
Change in cash and cash equivalents in the reporting peiiod
297,837
118,691
Cash and cash equivalents at the beginning of the reporting period
811,579
692,888
Cash and cash equivalents at the end of the reporting period
18 1,109,416
811,579

Wycliffe Hall
Statement of Accounting Policies
Year ended 30 June 2020
Sco
e ol the Financial Stsletnenls
The financial slalemenls present the Consolidated S12temenl of Financial Activities ISOFAI, the Consolidated
and Company Balance Sheets and the Consolidated Slalemenl of Cash Flows lor the Hall and ils wholly controlled
subsidiary Wycliffe Hall Service5 Limited. No separate SOFA has been presented for the Hall alone as currently
permilled by the Charity Commission on 8 concessionary basis for the filing of consolidated financial slalemenls.
The results ol the subsidiary as included in the consolidated SOFA and balance sheet are disclosed in note 9.
Included in the fi'nancial slalemenls are the comparative figures for 2019.
Basis of Accountin
The Hall's individual and consolidated financial stalÈmenls have been prepared in accordance with United
Kingdom Accounting Standards, in particular 'FRS 102.. The Financial Reporting Standard applicable in the UK
and Republic of Ireland, IFRS 1021.
The Hall is a public benefil enlily for the purpose5 of FRS 102 and a registered charity. The Hall has therefore
also prepared ils individual and consolidated financial slalemenls in accordance with 'The Statement of
Recommended Practice applicable lo charities preparing their fi'nancial statements in accordance with FRS 102,
(The Charities SORP IFRS 10211
The financial slalemenls have been prepared on a going concern basis and on the historical cost basls
The principal accounting policies adopted are sel out below and have been appliecl consistently throughout the
year.
Freehold Pro
The charity's original properly was donated lo the charitable company and is shown al deemed acquisition cost.
On the transfer from the Trust lo the new limited company. freehold properties Iwilh the exception ol the main
silel were re-valued at the market value as al 1 July 2014 and Bre revalued each year. The main site which
consists of the endowed property and 3 on sile houses were transferred at deemed acquisition cost and purchase
cost.
Freehold propèrty is deemed lo consist of land170010 of costl 2nd buildings130Q/o of costl. The land is not being
depreciated, bul the buildings are being depreciated over 50 years. Major refurbishments lo buildings are
capi121ised and depreciated over 5 or 15 years.
Other Fixed Assets
Significant Iixed assets are capilalised and depreciated over their eslimaled useful lives., small items are charged
lo thè income and expenditure account as incurred. No software is capilalised.
The depreciation rates applied lo equipment are 200/0 or 33°ID on cost.
Stock
Stock is valued al the lower of cost and nel realis8ble value.
19

Wycliffe Hall
Statement of Accounting Policies
Year ended 30 June 2020
Fund Accountin
Funds held by the charity consist of..
Unrestricted General Funds. which can be used In accordance with the charitable objects al the
discretion of the Irusloes.
Endowment Funds, which result from capital gifts lo the charity and musl be held permanently.
Restricted Funds, which Can only be used for particular restricted purposes within the objects of the
charity. Re51riclions arise when specified by the donor or when funds are raised for particular reslricled
purposes. Further explanation of the nature and purpose of each fund is included In the notes lo the
financial slalemenls.
Designated Funds, unreslricled amounts received which have been sel aside by trustees for a
essenti81 spend or future purpose.
Fees and other Income
Students, fees, rents and Conferen￿ income are accounted for in the period in which the service or facilities are
provided.
Volunta
Income
Donations and grants th31 clo not impose specific future performance-related or olhei specific conditions are
recognised on the dale on which the charity has enlillemenl to the resource, the amount can be reliably
measured and the economic benefit lo the Hall of the donation or grant is probable. Donations and grants
subjeel to performance-relaled conditions are recognised as and when those conditions are mel.
Donations grants subject to other specific conditions are recognised as those conditions are mel or Iheir
fulfilmenl is wholly within the control of the Hall and il is probable that the specified conditions will be met.
Legacies are recognised following grant of probate and once the Hall has received sufficient Information from
the execulorlsl of the deceased's estate lo be satisfied that the gift can be reliably measured and that Ihe
economic benefit lo the Hall is probable.
Donations. grants and legacies accruing for the general purposes of the College are is credited lo unreslricled
funds.
Donations, gr2nt5 and legacies which are SLJbjecl lo conditions as lo their use imposed by the donor or sel by
the terms of an appeal are credited to the relevant reslricled fund or, where the donation, grant or legacy is
required lo be held as ¢apital, lo Ihe endowment funds. Vvhere donations are received In kind las dislincl from
cash or other monetary asselsl, they are measured al the lair value of those assets at the date of the gift.
Gifted Assets
Where donations are weived in kind las distinct from cash or other monetary asselsl, they are measured al the
fair value of those assets al the dale of the gift.
Ex
endilure
Expenditure is accounted for on an accruals basis. Certain expenditure is apportioned lo cost categories based
on the eslimaled amount allribulable to that activity in the year on 2 lime basis.
eralin
eases
Rentals applicable lo operating leases are charged lo the SOFA over the period in which the cost is incurred.
Defined Benefil Pension Scheme
Wycliffe Hall participates in the Church of England Funded Pensions Scheme for slipendiary clergy. This
scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes
separately from those of thè Employer and the other participating employers.
20

Wycliffe Hall
Statement of Accounting Policies
Year ended 30 June 2020
Each participating employer in the scheme pays contributions at a common contribution rale applied lo
pensionable stipends.
The scheme is considered to be a mulli-employer schemè as described in Section 28 of FRS 102 This means
it is not possible lo atlribule the Scheme's assets and liabilities lo specific employers and that contributions are
accounted for as if the Scheme were a defined contribution scheme The pensions costs charged to the SOFA
in the year are conlribulion5 payable towards benefits and expenses accrued in that year, plus any impact of
deficit conlribulions. In addition. a liability is recognised al the balance sheet dale for the discounted value of the
expected lulure conliibulion payments under the agreement with this mulliemployer scheme lo fLJnd the past
service deficil.
Wycliffe Hall also operates a defined contribution pension scheme. Contributions lo this scheme are charged lo
the SOFA 85 they become payable. The pension charge for the year includes employer contributions of £92,420
12019.. £128,147). Al the year-end £Nil12019'. £4,838) was accrLJed in respect of contributions to this scheme.
21

Wycliffe Hall
Notes to the Financial Statements
Year ended 30 June 2020
1. 2019 Comparatives for SOFA
Unrestricted Restricted
Funds
Funds
2019
2019
Endowmont
Funds
2019
Total
Funds
2019
Income and endowments from
charitable activities
Teaching, research and residential
2,355,948
2,355,948
Donations and legacies
Trading Income
Bank and other interest
Total income
93,558
51,488
55.523
149,581
51.488
2,500,997
55,523
2.557,020
Expenditure on
Generating funds..
Fundraising and publicity
Trading expenditure
117,764
117,764
117,756
117,756
Charitable expenditure
Teaching. research and residential
2.344,960
18.259
2,363,219
Total expenditure
2,462,716
18,259
2,480.975
Net income I lexpenditurel
38.281
37.264
500
76,045
Transfers between funds
40.000
140,0001
SurpluslDeficit
78,281
2,736
500
76,045
Other recognisod gainslllossesl
Gain on revaludlion of fixed assets
Actuarial gainslllos5esl on defined
benefit pension scheme
105
105
14,000
14,000
Net movement in funds
92,389
2,736
500
90,150
22

Wycliffe Hall
Notes to the Financial Statements
Year ended 30 June 2020
Income from Charitable Activities
2020
Total
2019
Total
Unrestrlcted
Restricted
Teaching & Research
Teaching lees- ordinands
Teaching lees- independent stLJdents
Teaching lees- visiting students
Other academic income
Residential income
512.522
442.305
110.307
58.155
1.050,585
512.522
442,305
110.307
58,155
1,050,585
475,720
686,988
100,749
27,038
1,187,569
Bursaries & lee waivers awarded
141,6541
141,6541
1122,1161
2,132,220
2,132,220
2,355,948
3. Analysis of expenditure
2020
Total
2019
Total
Direct
staff costs
Other
direct costs
Support
costs
Expenditure on generating
funds
Fundraising costs
Trading costs
Total expenditure on
generating funds
69.974
24,315
94.289
117,764
8J
69.974
24,315
94,289
117,756
Charitable expenditure
Teaching, research &
residential
973.419
1,043,393
656,556
680,871
736.296
736,296
2,366,271
2,460,560
2,363,219
2,480,975
Support costs
2020
Total
2019
Total
Generating
Fund5
Teaching
and
Research
Financial and domestic admin
375.041
67.596
206.218
83,481
3,960
736,296
375,041
67,596
206,218
83,481
3,960
736,296
364,460
59,932
151,060
83,278
9,063
667,793
Depreciation
Bank inleresl payable
other finance charges
Governance Costs
2020
Total
2019
Total
Unrestricted
Restricted
Auditors remuneration-
Audit lee
Other seivices
Taxation Services
other governance cost5..
Hall CoLJn¢il
8,460
2,046
836
8,460
2,046
836
8,160
1.980
836
810
810
1.441
11,342
11,342
12,417
23

Wycliffe Hall
Notes to the Financial Ststernents
Year ended 30 June 2020
6. Staff Costs
2020
Total
2019
Unrestricted
Restricted
Gr05s Salaries
Employer's Nl
Pensions
1,011,606
95,916
155,995
1,263,518
7,715
464
771
1,019,321
96,380
156,766
1,272,467
984.264
94,104
155.387
1,233.755
Average number of staff
40
44
The above figures for the average number of staff are for those ernployed on a regular monthly basis, whether
full lime or part lime. Termination costs in the year lotalled £Nil12019. £Nill. In addition Wgcliffe Hall pays
individuals on an ad hoc basis lo perform Specific tasks. The G051s of these Individuals are mel through the
payroll and included In the gross salaries shown above, though not the figures for staff numbers.
cliffe Hall also makes the following payments which are not included in the above figLJres'.
a. to individu21s for delivering lectures and lulorials and marking es52ys1£41,331, 2019.. £41,503)
b. to a third party for the costs of the catering slaff1£99,543, 2019.. £122, 3071
No member ol staff earned more than £60.000.
Key managetnenl are members ol the Senior Management Team as disclosed on page 2 The lolal
remuneration paid lo key managemenl was £300,12412019". £285,236) (inclusive ol employer's national
insurance ancl pension costs)
Tangible Assets
(Group and Company)
Freehold
Property
Equipment
Total
Cost
As at 151 July 2019
Additions
Disposals
Revaluation Gain
As al 301h June 2020
15,835,055
117,042
329,660
16.164.715
117,042
18.3151
22,859
16,250,583
18,3151
22.859
15,929,238
321,345
Depreciation
As al 1s1 July 2019
Charged in year
Released on disposJl
As al 301h June 2020
1.606.028
198.812
253,241
7,405
17,067)_
253,579
1.859.269
206,217
7.067
2,058,419
1.804.840
Net Book Value 301h June 2020
14.123,398
67,768
14.192,164
Net Book Value 301h June 2019
14.229.027
76,419
14.305,446
Freehold property owned with equity mortgages is revalued annually using an appropriate house price
index.
24

Wycliffe Hall
Notes to the Financial Ststements
Year ended 30 June 2020
Subsidiary Undertakings
Wycliffe Hall Services Limited IWHSLI and Wycliffe Hall Development Limited are both 1000/0 controlled
and managed by Wycliffe Hall The registered office for both companies Is the same as for the main charity
and can be found on page two ol these accounts.
The Irading aclivilies ol Wycliffe Hall Seryices Ltd comprise revenue from lelling of Wycliffe Hall's
rooms when not in use by Wycliffe Hall. The results ol this subsidiary and ils assets and Iiabililies al year
end were as follows".
2020
2019
Turnover
Expenditure
Result lor the year
64,675
17.222
47,453
46,843
12,820
Total Assets
Total Liabilities
Nel funds al year end
129.479
82,026
47,453
65,651
31,277
34,023
The trading activities of Wycliffe Hall Development Ltd comprise investment In development of the
Wycliffe Hall sile. The results of this subsidiary and ils assets and liabilities al year end were a5 follows..
2020
2019
Turnover
Expenditure
Result for year
34,237
134,2371
45,740
145.7401
Total Assets
Total Liabilitie
Nel Assets
14,798
114,7881
10
34,460
134.4501
10
Share Capital & Reserves
Profil and loss account
10
10
10
9. Debtors
2020
Group
2019
Group
2020
Company
2019
Company
Trade Deblors
Owed by group undertakings
Prepayments
Accrued income
211.469
122,475
208.129
93,023
59,786
19,584
380,522
114.100
41.541
48.801
140,943
345,385
59,786
19,584
290,839
48,801
137,076
308,352
25

Wycliffe Hall
Notes to the Financial Statements
Year ended 30 June 2020
10. Creditors due
within one year
2020
Group
2019
GTOUP
2020
Company
2019
Company
Amounts falling due within one year..
Creditors
Accruals
Deferred income
553,831
115,554
94,330
763,715
438,246
98.268
88,140
624,654
552.456 419,483
113.139
94,035
94.330
85.990
759.925 599.508
11. Deferred Income
Deferred income comprises of deposits relating to conferences not yel held
2020
Group
2019
Group
2020
2019
Company Company
Balance al 1 JLily 2019
Amounts released lo incoming resources
Afflounl deferred in the year
Balance as al 30 June 2D20
85.989
185,9891
94,330
115,027
1115,0271
85,989
85,989
85,989 115,027
185,9891 1115.0271
94.330
85,989
26

Wycliffe Hall
Notes to the Financial Statements
Year ended 30 June 2020
12. Creditors
Amounts falling due after one year".
2020
Group and
Company
2019
Group and
Company
Royal Bank of Scotland Mortgages
Church Commissioners Loans
Church ol England
2.110.000
2.813.473
2.110,000
2,836,162
4.250
4,950,412
4,923.473
Loans re Property
Commissloners,
Equity Share
2020
2019
135 Kingston Road
13 Harelields
121 Harefields
11 Pennywell Drive
8 Marriol Close
14 Sparsey Place
loo,
100°
95/0
100°/0
100°/0
100°/o
864,544
419,922
398,925
339,642
296,412
494,025
2,813,473
871,516
423,308
402,143
342,381
298,8C6
498,008
2,836,162
Royal Bank of Scotland mortgages
There are a number ol inleresl-only mortgages with RBS, each of which is secured by a legal charge on
8 Norham Gardens..
£960k12019.' £960kl repayable in 2026., the interest rale is 1.25¥0 over Bank of England Base Rate
£250k12019.' F250kl repayable in 2026, the interest rale is 2.370/0 over Bank of England Base Rale
Since the year end ts￿0 loans of £400k12019". £400k with an intere51 rale 011.5 % over Bank of England
Base Ratel and £500k112019' £500k with an interest rale of 1.75 /0 over Bank of England Base Ratel
were tK)Ih refinanced in August 2020 for a year with an interest rale of 1.75Q/o over Bank ol England Base
Rate.
27

Wycliffe Hall
Notes to the Financial Statements
Year ended 30 June 2020
13. Contingent Liabilities
The following grants are repayable lo the Archbishops, Council if Wycliffe Hall ceases lo be recognised for
ordination training by the House of Bishops'.-
1984165
1977179
2013114
Improvement Grant
6,000
Fire Precaub'ons Work Grant 16,243
Fire Alarm Upgrade Grant
10,000
32,243
14. Analysis of
Funds120201
General
Fund
Capital
Fund
Pension
Reserve
Designated Restricted Endowed
Funds
Fullds
Funds
2020
Total
Tangible lixed
Assets
Nel Current
Assets
Loans
Pension
Provision
67,766 13,494,814
69,584
560,000 14,192,164
302,091
76,069
257,666
1.000
636,826
14,923,473)
14.923,4731
-A32.0001_-
8,571,341 _132.000
32,000
9,873,517
369,857
327.250
561.000
Analysis of
Funds12019
Comparatives
General
Fund
Capital
Fund
Pension
Reserve
t)esignated Restricted Endowed
Fund5
Funds
Funds
2019
Total
Tangible l-.ixed
Assets
Nel Cuirenl
Assets
Loans
Pension
Provision
76.419 13.668,527
560.500 14.305,446
243.855
14,2501 14,946,162)
76,069
175,648
495.572
14,950,412)
105,000
105,000
105,000
9,745,606
316,024
8,722,365
76,069
175,648
560,500
15. ReslTlCted Funds
Opening
Balance
34,389
20.869
19,902
5,402
5,589
78,981
Incoming
Funds
Outgoing
Funds
Closing
Balance
34.389
20.869
19.902
5,437
5,589
132,699
107,649
230
211
Bishop Neill Fund
Matthew E Lewis Memorial Fund
eursary Fund
Principal's Discretionary Fund
Mission Fund
Properly Dttvelopment Fund
Visiting Aoadefflics
Jenni Williams Book Fund
School ol Evangelism
ResearLlI Fund
Buechner Prizes
26,523
785
26,523
750
103,573
149,330
230
49,855
41,680
10.241
10,030
275
175,648
275
327,250
280,440
129,838
28

Wycliffe Hall
Notes to the Financial Statements
Year endod 30 June 2020
The Bishop Stephen Neill Fund was sel up following his death 2nd funds were raised initially by public
appeal wilh recent donalions coming from past and present member5 of the Ha11. Ils purpose is lo bring
Church leaders from the Indian sub-conlinenl and East Afric2 to the H211 lor study and research.
The Matthew E Lewis Memorial Fund has been established lo help towards the costs of students from
francophone Africa.
The General Bursary Fund is lo provide bursaries for students.
The use of the Principal's Discretionary Fund is al the absolute discretion ol the Principal. In recènt years il
has been used lo meet Gases ul hardship.
The Mission Fund finances student mi5sion5 in the UK and overseas, including a le2ching mission lo
Uganda.
The Properly Development Fund was sel up lo raise funds for the development of the site al 54 Banbury
Road and the improvetnenl ol sludenl facilities.
The Visiling Academic5 fund Wds sel up lo meet the costs of bringing Academics of note lo the college and
supporting their teaching work.
The Jenni Williams Book Fund was sel up ID grow the amount of theological works held in the library
available lo Sludenl by female authors.
The School of Evangelism fund was set up to SLJPPOrt the work ol the Wesley Centre for missional
engagemenl.
The Research Fund has been established through gifts lo help tutors with research which will be published.
Two Buecliner prizes have been established for which all current students of the Hall are eligible lo compete,
one in ielalion lo preacliing and the other for creative theological writing.
16. Designated Funds
Opening
Balance
76.069
76.069
Incoming
Funds
Outgoing
Funds
Closing
Balance
76,069
Visiting Academics
The Visiting Academics designated fund has been established through unrestricted donations received
and sel aside by the Trustees lo meet the cos15 of bringing Academics of note lo the college and
supporting their leaching work.
17. Reconciliation of Net Income to net cash flow from operations
2020
2019
Net incomellexpenditurel
Eliiniiialion ol non-operat117g cash flows..
Depreciation
Isurplusllloss on sale of fixed assets
Decreasellincreasel in stock
Decreasellincreasel in debtors
127,911
90,150
206,217
(7,0671
191
17,513
151.060
171
174,7391
29

Wycliffe Hall
Notes to the Financial Statements
Year ended 30 June 2020
IDecreasellincre2se In creditors
IDecreasellincre2se In provisions
(Decreasellincrease In pension scheme liability
139.061
1170)
173,0001
1106,7041
11051
132,0001
Nel cash provided by (Ljsed inl operating activities
410,814
27.655
18. Analysis ol cash and cash equivalents
2020
2019
Cash at bank and in hand
1,109.416
811,579
19. Truslees. Remuneration
Hall Council members who are the Trustees of the Hall for the purposes of charity law receive no
remuneration lor acting as charity trustee5
Hall Council members receive reimbursement ol personal expenses necessarily incurred in connection with
Council business amounting to £73412019.. £5611. Trustees made donations lotalling £905 in this financial
year12019. £2,615).
20. Pension Scheme
Wycliffe Hall participate8 in thè Church of England Funded Pensions Scheme for stipendiary clergy. This
schème is administered by the Church of England Pensions Board, which holds the assets of the schemes
separat'ely from those of Ihe Employer and the other participating employers.
Each participating employer in the scheme pays contributions at a common contribution ratè applied lo
pensionable stipends.
The scheme is considered lo be a mulli-employer scheme as described in Section 28 of FRS 102. This
means il is not p055ible to allribule the Scheme's assets and liabilities lo specific employers and that
contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs
charged lo the SOFA in the year are contributions payable towards benefits and expenses accrued in that
year. plu5 any Impact of deficit contributions Isee below).
A valualioii of the Scheme is carried out once every three years The most recent Scheme valuation
completed was carried out a131 December 2018. The 2018 valuation revealed a deficit of £50m. based on
assets of £1,818m and a funding target of £1,868m, assessed using the following assumptions..
An average discount rale of 3 2P/0 p.a.,
RPI inflation of 3.4D/D p.a. land pension increases con51slenl with this).,
Increase in pensionable stipends of 3.4°/o p.a.,
Mortality in accordance with 95g/o of the S3NA VL table5, with allowance for improvements In mortality
rates in line with the CMI 2018 extended model. with 8 long term annual rate of Improvement of 1.5V/o.
a 'smoothing parameter. 017 and an initial addition lo mortality improvetnenls of 0.50A p.a.
30

Wycliffe Hall
Notes to the Financial Statements
Year ended 30 June 2020
Following the 31 December 2018 valuation, a recovery plan was pul In place until 31 December 2022 and
the deficit repair contributions payable las a peroenlage of pensionable slipendsl were sel as follows..
o of pensionable stipends
l January 2018 10
31 December 2020
1 January 2021 10
31 December 2022
Deficit repair contributions
11.901,
7.1°
As al 31 December 2017 and 31 Dècember 2018 the defi'cit recovery contributions under the recovery
plan in force al that lime were 11.90/0 of pensionable stipends until December 2025.
As al 31 December 2019 the deficit recovery contributions under the recovery plan in force were as sel
out in the above table.
For senior office holders, pensionable stipends are adjusted in the calculations by a multiple, as set out in
the Scheme's rules.
Section 28 11A of FRS 102 requires agreed defi'cit recovery payments to be recognised as a liability The
movement in the provision is sel OLJI in the table below
2020
2019
Balance sheet liability al 1 JLJIY
Deficit contribution paid
Interest cost Irecognised in SOFA)
Remaining cliange lo the balance sheet liability. Irecognised in SOFAI
Balance sheet liability al 30 June
105,000
116,0001
2.000
59,000
32,000
137,000
12a.0001
2.000
14,000
105,000
"Comprises change in agreed deficit recovery plan. and change in discount rale 2nd assumptions
betrween year-ends.
This liability represents the present value of the deficit contributions agreed as al the accounting date and
has been valued using the following assumplions sel by reference lo the duration of the deficit recovery
pqymènls..
December 19
December 18 December 17
Discount rale
Price inflation
Increase lo total pensionable payroll
1.1D/o pa
2.8Q/o pa
1.30/0 pa
2.10/0 pa
3.10/D pa
1.50/0 pa
1.4°/o pa
30/opa
1.5.10 pa
The legal structure of the scheme is such that if another Responsible Body fails, Wycliffe Hall Oxford could
become responsible for paying a share of that Responsible Body's pension liabilities.

Wycliffe Hall
Notes to the Financial Statements
Year ended 30 June 2020
21. Financial Commitments
DLJrillg the year Ihe Hall entered into a contract with a building contractor lo refurbish the boiler loom in
52-54 Norham Gardens. The total contract value was £132,787 (inclusive of VA TI.
£62,731 remains outstanding at 30 June 2020.
During the year the Hall also entered into a contract with and IT hardware supplier lo refresh the VM
Hardware The total contract value was £59,868
£59,868 remains outstanding at 30th June 2020.
During 2018 Ihe Hall entered into a contract with a building conlra¢lor lo refurbish 4 Norham Gardens.
The total contract valuo was £415,078 (inclusive of VATI.
£10,870 remained outstanding at 301h June 2019.
During the year £72,78212019' £95,1001 was charged lo the SOFA for operating leases. At 30 June the
Hall had lolal commitments under non-cancellable operating leases as follows..
Land and Buildings
expiring within 1 year
expiring between two and five years
expiring in over live years
2020
£73,807
£18,575
£0
2019
£54,975
£8,100
£0
22. Relatod Party Transactions
The Hall is a PPH of the University ol Oxford. Material interdependencies between the University and
the Hall arise because ol this relalionship. For reporting purposes, the University and the other
CollegeslHalls are not Irealed as related parties as defined in FRS 102
Trustees ol the Hall do not receive remuneration as employees of the Hall. Details of reimbursed
expenses as Iruslees are disclosed separately In these financial 51alemenls.
23. Post Balance Sheet Event
On 51h November 2020, the Hall completed the sale of a property al 53 Upper Road, Kenninglon Oxford
and received nel proceeds of £717,742.
32