Wycliffe Hall
Annual Report and Financial Statements
Year ended 30 June 2023
Charity number..
1156892
Company number:
090079711
*ACHD515D*
30111r2023
COMPANIES HOUSE

WYCLIFFE HALL
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR TO 30 JUNE 2023
conte.nts
Page
Hall Council. offi￿[s. and Advisors
3-10
Trustees. Report
Auditors. Report
15-16
Consolidated Stslement of Financial Activities
17
Consolidated Balan￿ Sheet
18
Company Balance Sheet
19
Consolidated SL*ement of Cash Flows
20-22
Statement of Accounting Policies
23-34
Notes to the Financial Statements

Wycliffe Hall
Thall Council, OfficerJ. and Advlsors
Year ended 30 June 2023
MEMBERS OF THE HALL COUNCIL
Thè members of the Hall Council are U)e DirectL¥5 and Members lif the ¢harilable and are Irustees for
the purposes of tharity law. Throughout this rep)rt they arE ¢dlecliv8Py refBrred'to as the trustee5.
The folltrwing served as w*Mtie￿ of the Hall Courh?I during the year {or subsequentyl..
Rt Revd Julian Henderson
Ch•
.ex officio
Revd Em Coley
Mrs Alison Coutter
VK•¢hoY (R*￿1Jw*I0z3l
Chair
Mrs Kate Pellerau
Sarah Fi￿h
Mrs Claire Wlliams
Very Revd John. lryine
Revd Dr Jar￿5 Kennedy
Mr Paul Lin¢lon
Chair
Chair
Tr￿ur
Chair
Mrs Julie Aldrich
Or Tom Simpson
Mr Sirnon McGuire
Revd Michael Bigg
Mr Andrew We51
Membership of Hall Council sUtr￿MmrtIeeS during ts year ks shown aly)ve for eath trustee.

Wycliffe Hall
Hall Council, Offlcers, and Advisor5
Year ended 30 June 2023
SENIOR MANAGEMENT
The Principal is apFoinled by the Hall Council to ovew the management of the Hall and he is assisted by the
Senv)r Management Tèam. ISMT)
Prinupal
Revd Dr Michael Lloyd
Vice-Principal & Academic Dean
Revd Df Justyn Terry
Bursar
Mrlon Bametson
Director of wella￿ and S￿TIlval Fo￿a￿On &
Dgan for Women
Revd Dr E￿abeth Hoare
Senior Tutor
Mrs Katy Routh
ADVISORS
The following acte(l a5 a(M"sors in the pervj under revw.
Auditors..
Criichleys Audit LLP
Beaver House
23-38 Hythe Bridge Street
Oxford
OX12EP
Bankers.
The Royal of Scotknd
32 St Gile5
Oxford OX1 3ND
SO1￿1t0Ts.'
Bates Wells Braithvmile London LLP
10 Queen Sl Pbar
' London EC4R 18E
Addre$5 and registered Offi￿ for Companw House purposes..
¢liffe Ha
52-54 Banbury Ro•J
Oxlor(l OX2 6PW
l•lebsile'.
W4W*.wyclrfle.ox.ac.uk

Wycliffe Hall
Trustees. Report
Yoar ended 30 June 2023
The Twstees present their annual rewt under the Charities Art 2011 together with Ihe consolidalefi financial
ststements of Wcliffe Hall 1.the Hall'l for the year ended 30.June 2023, which are also prepared lo meet the
requirements for a diréctors, report and accounts for Compantes kt purp)ses.
REFERENCE & ADMINISTRATIVE INFORIAATION
clrfle Hall is a company limitad ty guarantee (Conwy Number 09007970) and is ￿LStered with the Chanty
Commission, charity number 1156892 arKI is inc*xporate¢J in the Unr(ed ￿ngdorn.
cliffe Hall was incorporated on 23 Awil 2014 and registered wth the Chanty Comrnission on 1 May 2014. On
1 July 2014. a11 the assets. liabilities, and slaff ol Ihe uninC￿PQrth Hall trust (charity regislralion
nUm￿r 309703) were transferred to thi5 new company.
diffe Hall'is a Perrnanent Piivate H￿1 of the Unl￿[51Y of OxfrKd.
STRUCTURE. GOVERNANCE & MANAGEMEKr
onstltutlon
The Hall 15 govemed by Artides of Ass(Thtton daled 23 WI 2014 and is a charilabje e(IrTyany limited by
guarantee.
Gov¢rnan¢g
The Hall Council C¢)ntinues to revitrw its governance prctedures. In the rt this has wKluded legal struciure,
trustee appointm8nl, IndU￿10n and term of offKe. reSp￿sibIli11es and ieview of lis cmn Fffocedures and poI￿leS.
Or9anb•lk>nal Man*gwngnt
The Hall Counul noffnalty ffeets fryJr times a year and its meetin9s are attended by the Principal and other
members ofthe Senior Management Team, together vrith Presidenl and PresKlent* of the Comrnnn
Room.
To ensure that the Hall Couneil luffiL8 it5 fM1uaary duty of fvll invofvement in setti.ng the strateg￿ direGts)n and
the monitoring and evaluation of its &tivit￿$, the Cound has established several formal Su￿rnm1tteeS. This
gnabtes the Council to discharge its duties and reSponsi￿.1rt￿s in these area5 in a more effectiv? way but does
not absofve the Council from rt5 colleclive responstbililie$' rather il enables a smdl gffjup to give more detailed
Gonsideratwm to these matters and then to re￿rt to the C￿r￿lI. .
111 FlnarKe Committee
Thts approves a draft budget fDr weSenta￿n to Ihe COU￿￿1 and keeps the develwng lrfe of the Hall
under review, making reCoMffÉr￿JaI￿Jns to Council in administrabve, finanoal and wlicy areas.
121 Education Committee
Thi5 reviews the leaching, training and formalion of all students and eonsider5 major decigions on
edu¢al¢on and training wh￿h may affttt the Hall's relationship with Mintsty Team andlor the Universty
of Oxford anLI other mapr stskehohyets.
131 Govemance & Nominations Cornmittee
This recommends candidate5 fDr Me￿￿?￿hIp of Ihe Council Ilor election by the Council as a whole) as
vacanoes arise and recomrnends improv￿nts to the govemancg affangemènts of Ihe Hall.

Wycllffe Hall
Trustses. Report
Year ended 30 June 2023
141 Oevelopment Committee
This detem)ines Dev8k)pment yioritses and largels, ensuring that the Hall's overall Development
activities are kept under review. including complrance wilh the Code of Fundraisin9 Practice.
151 Remunerdtion Commitiee
This Ad Hct comrY¥itee sets the overall ramUneral￿n.￿1ralegY in.tems of benchmath targets for
remuneration of drfferenl categories of staff. Im*rrthtstion of the $trate9y ts a matter lor the Finance
Committee and the SMT
A rneeling of su￿¢0MMittee chairs lakes Pla￿ immedialely prior to each Hall Council meetiThJ to b'rief the Chair
and ensure that Council business is conducted as effo8ntty as possible.
The Sen￿r Management Team rreets every N¥0 weeks. Tutors. academic staff who hav8 respjnsibility for a
Fellowship Group and senior support staff alsomeet fortnighty to wntribute to the management of the Hall in
the Hall Wde Management Meeting.
Group'structure and Relationships
By a scheme dated 16 December 2014. the Ch￿"ty CommissNJn appointed ￿cIrfe Hall as sde corporate
trustee of the predecessor trust Wcliffe Hall Icharity number 3097031. This included transfer of title to the Hall's
main building {52-$4 Banbury R08dl which is a Pern￿nent endovnnenL The Wcltffe Hall tntst ￿ntr￿UeS to exist
bul is essentially dom)anL its onty fvture xINity will be rf the trust receNes legxies.
cliffe Hall has wh¢Sly owned nOn<haf1ta￿e tradiig SU￿"d￿ne5. whose proffts are donated lo the Han
undef the Gift Aid scheme..
diffe Hall Services Ltd I￿sLI is inc¢rForaled in the United Kingdom to manage commercial
a¢tivrties in support of ￿clIffe Hall's overall objectives.
diffe Hall Oevelopff*nt Lld (WHDL) was incrypfxaleil in the United Kingdom and acts as a building
contractor to Wdiffe Hall.
Risk Managemenl
The Hall has on-going prcKesses which operated through-tyjt the financial year for id&ntifying. evaluating, and
managing the principal risks and uncertainties fa￿ by the Hall and its SLEb$Kliaries in undertaking its acts"vilie5.
The Hall has devdoped systems to mnilor ar￿ control Ihese risks to rrIt￿te the *TWt they may have on the
Hall's frjture. and these are overseen by the Finance Commiitee. The Hall Council, which ha5 uttimale
sponsibility for managing any r￿kS faced by the Hall.. has fevwed the pr(Ke55e5 in pLgce for managing risk
and the pnncipal idents'fied risks lo which the Hall and its subsidiaries are exposed an¢ have concluded that
adequate systems are in place to manage these risks. A risk iegislef is uF￿ated and reviewed each year by
Hall Council. most recently in November 2022. Finance Committee review parts of this quarterly and each
month the SenKY Management Teaffl Tevw ts slatus of one ofthe W iisk categories.
The most slgnrficanl risks identified by the &wncil are asS￿￿*d with student recruitff*nt to thè vanC￿S
courses and training programmes offered by the Plall.

Wycllffe Hall
Tru8tw' Report
Y¢ar ended 30 June 2023
OBJECTIVES & AcnvmES
Charltabl• Objects
The Objects of If+e Hall as ststed in the AFticJes of AS$￿1?110n ¥e'.
11} To provide theological inslruction ¢￿sIStenI wrth the principles of the Church of England lo
candidates for ordinatM)n and, suty'ect thereto. to provide theobgical education (with a prefererlce
for indNiduals who arE underlakiThJ a course of study in theology or who have been ordained).
12) In carrying out its objects the Ch8rty may provide ￿)mMOdatiOn for studen15.
Actlvltles and ObJ•¢tl¥es of the Hall
Th¢ Hall's principal actNty, as described aljove. 15 the provts￿ft of theolcgul instruction and" mini51erial
tralning. The Hall continues to provide ministerial Irainirtg to Church of EngLand ordinands. as well as others
from a wide variety of different church backgrounds. Each year, Wdrffg Hall admts undergraduate and
postgraduate students to Study Theobgy and ￿lated disciplines.
The Hall has a vision to see the natK)ns trdll5fom￿l by tho gospel by renvwing Chrisban leaders in prayer.
character. preaching and thinking.. To achieve this. we ale ￿nMItted lo."
Trnin lifelong makers... by equipwnga generation of ordained aid lay leatleTS with gospel-cenlred
knowledge, character fomalhjn, and pastoral skilLs through a range of carefiJlty designed courses.
qualifications, and Irainry pr09ramrr￿.
in Community... by bn'nging qualifytng students to worship. INe and siudy tO9elher. regardless of
backgiound or financial constraints. through the provisron of a portfolio of bursaries and scholarships
th excellent BIble￿ntrod toaching... by enablitYJ'tutor5 to undertake further stuty to enrich their teachin9
through establishing ertdowments for facu￿ scholarships in biblical studies.. history. Iheobgy and ethics..
mi$sh?n. apologetics, lityrgy and ministy.. and in EvangeJKalism.
in a thoughl-provoking cty... by providin9 affoftjable, qualty aceomrT¥)dalpJn and 21# Century facillties in
the centre ol Oxford with acces5 to all the ￿ltura. sp)rting. academiG and mi5Stonal opportunities which
the City and University provide.
A svJnfficanl number of students are ￿Th￿tted each yearto the one-yw Cerbftale in Theologieal Studie5
ICTSI, offered Ihrouyh the Oxford Unrietsty Department of Conb'nuing Educ*'on. Some students comp￿te the
course part-time over yeats,. others conb.nue to the Diploma in Theological Studie¥lDTSI and Bachelor in
Theology {BThl. This suite ol programmes, abngside the BA in Tfwk)gy and Religion, afe the main oplions for
our ordinands unless they have a prior IheokJgKal degree. in whth case they may urKlertake the MTh, MPhil or
DPhil.
ty.cliffe Hall also aims to b¢ a ¢entre of tW(gi¢* excellen￿ within the Anglican Evangefical tra￿rt￿. As part
of the Universty of Oxford. il models academic excellence and inlegrty. and. as an institution training people for
church ministry, il is also comrrytted to Fwoviding an outstanding wofessional training and to producing students
who will be strong leaders. For all these ￿aSonS. the Hall pays great attention to tts leaching. to the quality of
eommunty life in the Hall and to ￿ pastor* care and personal deVelOprr￿t ol its students.

Wy¢llffo Hall
Tru$tee$' Report
Year ended 30 June 2023
Public 8eneflt
cliffe H311 is an educats'onal establishment. founded to wide training for those t+4ho seek ordained ministy
within the Church of England. It accepts students trom a wwje varÈty of back9rounds who seek to study
theology Within the UnNersity ol Oxford. in addition lo graduate students from other disoplines who wish lo
study in an Evangelical Anglun Hall. The educalion is FKovK1ed fomialty wthin the Hall and UnNersity, and all
cL)urses to University of Oxford qualifications.
Hall Council has considered Ihe Charity Cornmission's guidance on public benefit The benefiaaries of the
charitable activity undertaken by the Hall include the 5bJdents themselves, those impacted by the students
during iheif placemen15 and missions. ihe Church of England and other bodies. indivKluals and r￿MmUnitieS
which will benefit from the fubjre ministr*s of those who have trained al the Hati.
As with other educatr)nal eSt?￿lShMents. a maTr)r benefft to the Students is rn the fr*mal ￿nveYance of
knowtedge. This is done in a variety of settings induding lecture5, seminats and tutorials. but is also imparted
through peer groups, on placem￿t and on mh8sion. The HaN also Seeks to provKle a Selling ¢ondLTrwe to
learning. with an emphasis on community lrfe, mutual support and the accessibility of staff who seek lo prov
. appropriate counsel in every circumstance. The Hall 1￿ns￿ntty strwes to improve on its already high standards
by encouraging feedback from the students on all aspects of their exFeiiences at the Hall each term.
On one level. the success of the education provided at the Hall can be in the qualifications from the
Universty of Oxford which the students receive at the end of their courses. However. this ￿ademiC yardstick
does not reflect the full extent of the training grven wthin the Hall to prepare the students.for leadership in the
Church of England and other Sphe￿ of Christian ministy. The beneficial impact of these students is fell in
many ways and places.
The Hall believes that it is in the interests of society that rel￿1￿J$ thlers a￿ trained at the hKJhesl academic
level. The exposvre olevery student to the {rigorousty formed and articulalety expressed) views of others, and
the subjection of every belief. however Cherished. lo the cribque ol others produces religious leaders of gTealer
humility, moderation. and ability lo engage inlellvJentty and graoousty wrth those who hold opposing beliefs.
Such an education and training help dèvelop ￿aderS who will not presth over the retreat of religious groups
into a sectarian attitude, bul which will contribute positwety to the debates- and the needs- of contemptsrary
soriety.
Flnancial Support for Stud•nts
The Hall charges tuition fees in I￿le with extsmaNy Rgulated fates and sets reasonable aecommdalion and
meal Charges. To assist Unde￿￿ljUates entiyed lo Student SupF4rt the Hall provides through a scheme
operated in common with the University and other C￿￿geS. bU￿ry support for those ol limited financial
means. The 5cheft* is approved by the Offi¢e of Fair Access IOFFAI and provides benefits at a substanbally
hwJher level than Ihe minimum OFFA requireffent.
Most of the Hall's indeperKlent sludents li.e.. those whose training costs are not paid by the Church of England)
are not eligible for Student Support there p055ible. the Hall provides financial SUPFth for students, including
several bvrsaries and fee YrdtrVe￿ each year lo fijnd fees and living costs for bjth undergraduate and gfaduate
S￿dentS. For the academic year 2022r23, the nurtier of wards made by the Haifwas 18 {2022'.111 and the
total value awarded was £5Sk {2022." £38k). A new bursary. Theology for Ml, became available during the year..
for which £108k was paid lo support 8 students during the year. The Hall also supports students with travel
expenses associated with their ministenal pIaCerr￿nts arm1 operates a limited hardship fund, for which students
incurring unexpected financial hartship are eligibk. ￿¢1￿￿e Hall ￿ most gratefijl for the support ofdonors who
have contributed lo Bursary funds.

Wycliffe Hall
Trustees, Report
Year ended 30 June 2023
ACTivrriES AND PERFORMANCE
¢liffe Hall eontinues to renew Christian heade￿ in prayer. tharacler. weaching and thinknng, Iixvards its
vision of seeiNJ the nations transforrr￿ by the gosFel.
In the academic year beginning Octoter 2022.172 full time equN8￿￿t $tudents12021'.103.51 wgre sludying at
clrfe. The equipping of men and women ts ordained and * ministy remains the central Xlivty of the Hall.
I those preparing for ordained ministry in the Churcn of England secured P￿lIK￿n$ as Curates and are serving
in that context in dioceses acTr)ss England and even in the widerAnglThn Corrffjnunion. We always enjoy
hearing feedback frorn our alumni and a￿ constanty erKoura9ed to see the tangible impact they hwe around
the worhj.
Exam results lor students on University of Oxford courses were generally grN)d.
The number of graduate students held steady arourrfl 35 this year bul grew in diversity folkywing our decision to
8dmil graduate stLtdents in suty'ects outside of Th￿kn)y. Our Graduate Sw8ty is now well established and is
recognised as offeiing very effectNe support for graduate students in their studvès. It toslers a strong sense of
communlty wlth a regular programme of academic and social events. These include a fortn￿￿tlY Graduate
Research Seminar, whefe aca¢Jemic papets are preseritgj on a variety of subjects from Wcliffe graduates and
staff as well as other graduates and academics across the UnNefsty. A temity 'Lounge Lecture, has featured
wide ¥ariety ol speakers from the UK and fvrther afield in a relaxed social 5elts"ng. are also devektphng a
programrne lo mentor Christian ac*demKs.
RecnJiknent xtivity this year, induding meetings with Btshops and OKwan Directh of Ordinands IDDOS)
. and visiting conferences, has had an increased focus, with several key individuals in the team dediGaling more
of their b"n* lo this a￿a,. we hope that the rE5uIts of this wll be shown in in￿eased student numbers in years to
come. Open Days and Intervie￿ were well attended The annual Vc¢8tions Conference for Worw) wa¥
'YJrganised again to increase the number ol w0n￿n coming io the Hall.
There is also a weekty Principal's Hour at vthich Oxford a¢adeffl￿ and other scholars and praetitioner6, from
wide variety of dlscipline3 and faith perspethes. are invited 10 speak. This year. these have included nKNe on
the relatsonships befvfftn Scien￿ an¢ faith by virtue of a grant to promote &￿nce for Seminaries. and we also
held a conference on Science and Christianty fvnded by the san* grant.
In ad¢JitKsn lo their leaching. tuto￿ have been arbve in research and wrFbng, with sever81 books and articles
being published by them throughoul.the year. The Hall has also teen encouraging ￿hola15hip through hosting
Biblical Studies Research SeminaF5 at whth local and visthg scholars p￿sent papers. Thi5 strong research
activity rr*ans that we submitted 4.4 stsff to the 2021 REF (the ￿ernment research excellen￿ assessment
Iram8workl, compared to onty one member of staff in the last exercise in 2014. This has resutted in around £22k
.p.a. additional nel income for the Hall fmm acadern￿ year 2023 onwards. We have also been seeking to bring
additional Junior Rese8rc* Fellthvs into the Hall and exFert grthvth in this area S￿n.
We enjoyed the benefft ofth'e Artist in Residence.coM￿.nlr￿ stuty arKI arn.stic output wilh the fostering and
encouragement of the dNerse Creative gffts of the communty- a$ demonstrated in our partKipation in the
Oxfordshire Art Week for a third time. (This role is funded by speafic philanthropic donation.)
cirffe Hall's staff continued to rnake a sYJnificanl IM￿ rMJtshle the Hall as we15. The ordained members of
siaff have continued lo p￿a¢h and teach in many settings. contiibuting to the lrfe of several churches and
Christian Organi$atK￿s. Attendance a¢ academK confewos has continued. several tutors contn"buting at
them.

Wycliffe Hall
Trustees. Report
Year ended 30 June 2023
FINANCIAL REVIEW
The financial ststemnts have been prepared in awdance with the accounting pd1¢￿$ as set out on page5 20
to 22 and compty with the Charities Act 2011. the CoMpan￿S Act 20C6 and Accwnting and Reporting by
Charities". Statement of Recommended Practice appI￿a￿e to chaIrt￿S preparing their accounts in accordance
with the Financial ReKth'ng Stsndard Applu￿e in the UK and Republic of Ireland {FRS1021 (effeclNe 1
January 20191.
Oper¥llng P•rfornian¢•
An 8% infftase in sludenl numbers from 103.5 FTE in 2021122 to 112 FTE in 2022123 heralded a return to
re regular post pandemic operating envwonff*nt resulting in a healthy improvement in income from £2.442k
to £2.946k. This represents an increase of 30% overall ojmpared to 21r22 levels excluding fixed asset sale
proceed5. The slrategy to devek)p a viable commercial I￿ome slream from B&8, Events and Conferences
began lo bear eady Iruil as Irading income more than quadnjw from £91 k lo £453k. A significant
improvement in the numbw of independent sludents from 54 to 72 meant that their income contribution
increased by £154k.. whilsl'thal from oroinands declined ￿￿Jhtty. Irwme from residenbal and commercial
income declined from £836k to É800k retleeting tl)e specift requI￿Tr￿nts of the current student cohort tr￿1 also
the fact that we have in5uffiuent owned or managed acC￿￿Tr￿atiOn facilrtEs particularly for families. an
increasingty important e￿ment of our sludent body.
Gifts Iiom our donots also inueased in the ygarwth unrestrthd givin9 rising from £113k to £195k and
restricte<l giwng rising by 76% to £388k12021.' £221k). This latter growth refiects the fijnding ol several Speci
search and leaching pos15 that are related to our'New Renaissance. vision. (See Future Plans below).
Despite the encouraging increases in income, lotsl unreslricted expendrture increased by £589k year-on-year to
£3,OOBk12022'. £2,419kl. The largest re9ubar factor contributing lo this was an 9% in¢rease of £133k in staff
related v)sis frorn £1,491k to £1.624k This included the impact of an aggregate 10.5% increase in the sa¢ary
bill as we continued to rrnve towarrjs unNef&ty benchmarks and hired four rTh)re staff. some ol whom wefe
fijnded by restricted donati￿$. Elsewhere Inflat￿ary c*ten"ng. consumables, insurance. and utilty
costs added lo the overall expense base.
From a more strategic perspethe we invesied an addtI￿al £171k in fvrKITaising and publicity including the
appoinlffÉnt of a markeb.ng and comn1un￿ats.￿s Officer whth enabled us to deliver a tr￿e effective sc¢ial
medi8 messagin9 campaign that is aliea(ty showing an encournging impact in lemis of in¢￿ased admissions.
Similaty, the drive to developa viable cy)mn*r¢iJ incorr* stream required an irueased level of trading
expendifvre of £107k. i￿luding the appointment of an Events and confe￿nce manager. most of wh￿h is
recorded through our subsidiary Wdrfte Hall Services. The remaining increase in unrestricted expenditu￿ wa5
impacted by £163k S￿nt on the preliminary planning and design stage5 of a transformatNe approach lo the
redeveb)PfTienl of our campus buildings whKh airns to provKJe fath"lities that a￿ more fft-for-purF4)se and that will
rneel our ambilious growih obiectbves. The net result of Ihese increases in wulaf and more strateg
expenditures together wrth the v3rM)us Inco￿ g)urce irrprovements is an overall unrestrthd opeTrting h)ss of
£433k.

Wycllffe Hall
Trust¢es' Roport
Y•ar onded 30 June 2023
R•serv•8 Pollcy
The Hall's reserves policy is to maintain suffic*nl free reseNes lo enable rt to rwet ils short4erm financial
obligations in the event of an unexpected revenue shortlall and lo allow the Hall to be managed efficienlfy andto
provide 8 buffer that would ensure uninterrupted servtes. AttI￿ugh cash in bank accounts al £1.259k chan9ed
little dullng the year, cashflows can be volatile rrKmthly and are rrrf)nilcrfed ¢￿Sety to ensure that Immediate
obligations can be met Our target is to ensure that there are always SU￿eThI reserves to cover at least 3.
months of budgeted operating expenditure. ¢>erall, the Hall aims to o&wate on a balanced budget basis. and
therefore attempts to restJicl expenditure to the ￿e1 of tee and o)nference income plus anticipated unreStr￿ted
donations. Following the financial difficulti85 fesutting from Ihe pandwnic. the Hall is at 8n earty stage in
est*ishing a nK)re robust operating modd.
Total funds ol the Hall and its subsidiaries at the year-end deueased to £9.399k12022." £9.813kl. This includes
eni1owment Capital of£561k {2021.. £561k) and unspent reslrthd income funds totalling £399k12021.. £389k}.
05t of ￿Cliffe Hairs reserye5 are invested in property to provide adequate space for the academic and
administrative ￿￿￿on9 ol the Hall, and to provide housin9 for students. Cunent assets are nomBIty restricted
to the minimum required for the tranSact￿n of the Hall's Day lo day busines$. Free ￿SeNe5 {i.e.. unrestrled
nel current assets) at the year*nd dedined lo £588k {2022'. £701kl whth 15 explained in more detail in Note 14
lo the A￿￿nts.
Grantwmaklng Poll¢y
Grants a￿ made from ￿strthd fvnds ￿ acoydance with the restrthns ￿n￿Sed on those fvnds.
Investment Powo
The Trustees are ￿p￿￿eTel to invesl the Haif5 assets at ther di5cre1￿.
FUTURE PLANS
The Hall is gradually recovering from the pandemic and ¢onkn"nuing to devebp plans to ensure a more viable
operating model. As well as a focused recnJi<ff*nt strategy. much emphasis has tjeen placed on developiny a
credible B&6 and Events and Conference business to ffoke the rrKJst of the Hall's physical assets. We have
èlso begun a project to redevekjp our main site. The first phase focuses on the main building, improving
a￿esSibIlty thiough¢>Jt, wowding a new Porter5 Lc¥Jge entrance. replaryng, and enlarging the dining room and
UFrfJTading all the bedTooms to provide en5Uite fa¢iliknes lor students and conference guests. This will be frjnded
primarity by donation and is expected to complete during 2025. A second and later phase focuses on Pfovtding
bettor a￿0mMOdation and teaching faolthes.
An evofving broaderstrategic Obl￿trie is for Wiffe to foster a'n6w renaiwnce. of Chrisb'an scholarship and
culture, which encompasses the Hall becoming a communty that leaches. foms, resources and amplrfies the
Chfist'an thinkers, leade￿, and artists of the fiJiuie. Whibt much needs to be done to Ilesh out this vision. an
itial apwinlmenl has been made to lead this initiative and Junior Research Fdl¢)w ￿$ts and an Artist in
Residence are already in place to SUPFOrt its goals. The improver￿n1 of the Hall's ￿mp￿S buildings discussed
at)ove are a nece55ary wnponenl of this transformative Strategy. Against this background. we are developing
an integrated five-year plan. This will bring together all the cuffent and fijlure actwities of the Hall wi a coherent
sel of PTi014knes together with a financial fr)recasl with linked tsrgeted muttFyear lurKlraising campaigns and
performance indicators. expect this to be compkted by eaty 2024 ivith implerwtstion already underway.

Wycllffe Hall
Trustees, Report
Y•ar ended 30 June 2023
STATEMENT OF TRUSTEES, ACCOUNTING AND REPORTING RESPONS181LITES
The trustees are responsible for prewng the Tntstee5' Annual Report and the financial statements In
accordan¢e with appluble law artd United lfjngdom Accounting Standards (United Kingdom Generalty
Accepted Accountin9 Praciicel and applicable LThl. including Financial Reporting Standard 102". The FinancAal
Reporting Stsndard Wicable in the UK and RepublK of Irdand (FRS 102).
The law applKable lo chant￿S in England & Wales requires the trnstees lo prepare financial statements lor
each financial year which give a true and fair wew of the stale of affairs of the charity and of the incoming
resources and application of ￿S011rceS of the chwity lor Ihat Per￿1. In p￿Paring these financial ststements. the
trustees are required lo..
select suitable accounting p)liC￿$ al￿ then appty them consistent￿.
obserye the methods and principles in Ihe Charities SORP.
make judgements and estimates that a￿ reasonable wudenL
state whether applicable accounting stsndards induding FRS 102 have been followed,
subject lo any material departures disdtssed and explained in the financial statements.
prepare the finanGial statements on the going COr￿ern baws unless il 15 inappropriate to
presume Ihal the charty w￿1 continue in opernt￿.
The Iruslees are resw)rtsible for keeping proper accounting records that discbse with feasonable a￿uracY al
any lime the financial position of the charity and enable them to ensure that the financial ststemenls comply with
the Charities Act 2011 and the provisions of the Irust deed. They are also responsible for safeguarding the
assets of the charity and hence for taksng reasonabk ￿ep$ for the prevents.on and detection of fraud and other
irregularities.
The trustees are responsible for the maintenance and ￿tegftty of the charity and financial infomalion induded
on the charity's website. Legislat￿n in the United Kingdom goveming the preparath)n arKI dissemination ol
financial stslements may differ from kgislation in otherjuri5dth"ons.
Insofar as the trustees are aware at the time of approving our tsustees. annual report..
There is rto relevant infornalion, being informab'on needed by the auditor in ￿nnectI)n with preporiThJ
their repo¢ of which the gr¢up's auditor is unaware, and
The trustees, having m&Je enqtsi￿ of fellow direthrs and the group's auditor that they ought lo have
in¢Jividually taken, have each taken all steps that helshe is obliged lo take as a director lo make
themsefves aware ol any relevant audit inforniation and lo estsblish that the auditor is aware of ¢hal
infomats"on.
Approved by the Board ofTrustees on Novernber 2023 and sgned on its behalf by:
Rt Revd Julian Hermjerson
Chaimian
Paul Lindon
Treasurer
io

Wycllffe Hall
Independent audltors. report to the membors and tru¥teu of Wycliffe Hall
Year ended 30 June 2023
Opinion
We have audited the financial $tsten*nts Of￿¢tiffe Hal ('the charitabte company'l and its subsidiar*s (the
"group'l for Ihe year ended 30 June 2023 whth (>)mpnse the Consolidated Slatement of Financsal ActNities.
the Consdidale¢J and Company Balance Sheets, the Consc4idated Statement of Cash Fbws, and notes to the
financial statenEnts, induding SYdnffj￿ant ￿COuntbft9 pol¢ies. The fiTrancial reports.ng frarrwork that has bèen
applied in their p￿paration is applu￿e law and United Kingdom A￿Inting Standards. including FRS 102 The
Financial Rewrtin9 Sland8rd applicabla in lh8 UK and Republic ollreland {Unit&J Kingdorn Generally Accepted
Accounllng Pracltcel.
In our opinion, the financial ststements=
give a true and fair view of the stsle ofthe group's aThJ pwertt chantaL4e company's alPairs as a130
Junè 2023 and ot its ints)ming resources and 8pplicatK*n of resour￿ for the year then ended..
ave been propety prepared in ￿0rdartee wrth Unjled ￿"n￿10M General￿ Accethd Accountlng
have been prepare(l in ac¢orilance with the requirem8nts ofthe cornpan￿ Act 2006.
Ba$1$ for oplnlon
We conducted our audil in accordance wilh Interna￿n81 Stsndards on Audtt"rng (UK) IISAS IUK)) and appllcable
law. Ovr re5ponsibililies under those stsndards are fiJrtheT described in the Audito￿$ responsibilrties for Ihe audit
of Ihg financiol statgm8nts section of our ieport We are independonl of the chaiitable company in accordance
with the ethical requirements that are relevant to ouraudrt of the fi￿ar￿la1 stalements in the UK including the
FRC'S Ethical Standard anEI we have fvIfiIW our other ethical fesponsibilitw in aC(YJrdan￿ *Mth these
requirements. We believe that the audit eviilerKe we have oblained is sufficient and appropriate to provide
basis for our opinion.
Concluslons relatlng to g¢Jing ¢oncern
In auditing the financol stat￿￿nIS. we have ￿nd￿ded ihat the Iru5tees' use of the going concem basis of
accountrng in the p￿paration of the finanaal sta*ments is appropriate.
Based on the work we hav& performe(l. we have not identified any malerial uncertainties relatin9 to events or
conditions that. indNidually or collectivety. may cast signifKant doubt on the Charrty's ability Its contirue a5 8
going concern lor a peric•J'oi at least 12 rrinths Irom when the fina￿01 statements are authorised for issue.
Our respMsObilittes and the responsFbilities of the trustees th respect to gryng<orKem 8re described in the
relevant sections of this reporL
Othei Infomiatlon
The other informab.on comprises the infomwt¥)n ¥iduded in the annual report, including the rfU51ees' report
other than the financial statements and our auditorfs repjrt thereon. The twslees are responsibl8 for the other
inf0m￿tion contained within the annual report Qur opinion on the finano& sialerr¢nts doe5 not cover the other
information and. except to the extent olheThfft expw slatet1 Èn our report. we do nol exp￿5$ any form ol
8ssuwce Conclusi￿ Ilweon.
Our responsibility Is to reatl the other infmtion and. in &)ing so. consKler whether the other infomialion is
malerHlly inconsistent with the finowal statThnts. or our knowledge obtained in th8 course of Ihe audit, or
othen¥ise appears to be materialy misslated. If we Klentsfy such matsrial inconsistenw or apparent material

Wycliffe Hall
Independent auditors, report to the members and tNstees of Wycllffe Hall
Year ended 30 June 2023
Misstatements...￿ are reqwred to detemiine whether this givesTK8e to a material rrisstatemenl wi Ihe fjnancial
stslernenis themselves. Ir, basef1 on the Work we have performed. we concl￿de Ihat there is a ffBterial
misstalemenl of this other infcKmation, we are required to ￿port that I￿.
We have nothing to report in this regard.
Opinion8 on other mattert preS¢rtb￿ by the Comp*nlg¥ Act 2006
In our opinTon. base(l M the undertaken in the course of the aud
the inform*ion given in the trustees. reFQrt. wht¢h indudes Ihe directors, report prepared for the
purposes of company law. for the finanaal year ft>r whKh Ihe finan￿al stalem8nts are prepared is
consislenl with the financ￿1 statements- and
the directo￿. reFXJt included vmthin the IrLJStees' rewt
have been prepared in ￿cOrdanCe applKable kgal requirefflents.
Malters on whlch we are r•quirnd to reprtrrt by exceptlon
In the light of the knowledge and understanding of Ihe company and its envirOn￿Ent obtained in the course of
the audrt. we have not Klenlified matenal nNsstalements in the directors, rewrt included wilhin Ihe trustees,
report.
We have nothing to report respect'of the follcrmng rnatte￿ in ￿lation tr) whrh the Companies Act 2006
require us to report lo you rf, in our opinion".
adeqlsale and pro*r a¢wLsnling re¢wds have not been kepL or retums adequate for our audil hove not
been received from branches not vi8iled by us.. or
the finanaal statements are nol in agreement with the acc￿nting records and retums: LY
rtain di￿10$UreS of trustees. ￿Muneration Spe¢ff￿d by law ¥e not made" or
we have not received all the inlonnation and expianalions w8 require ts our audit,. or
the trystee$ were not entided to prepare the financial statements in accordance wth Ihe smam
companres wimg and take advantsge of the small Compan￿$, exernpts'ons in preparing the tru5tees'
port and from the requireff£nt to prepare a strategt reF#yL
R•sponslbllltles of thg trust•os
As explained rn0￿ lulty in the trustees. responsibElit￿ State￿￿1 set out on page 10 the trustee$ (who aré also
the directors of the charitable cornpany lor the purposes of company law) are responsible for the prepafatKJn of
the financial statements and for being satIsf￿d Ihal they gwe a true and frdir view. and for such intemal control
as the trustees ¢elem)ine is ne￿Sary lo enatle Ihe pieparab.on offinancial statements that are free from
material missLitemenL whether due to fraud or err¢x.
In preparing the ffinancial statements. the trustees are responsible for assessing the o)mpany's ability to
continue as a going eoncem. disdosing. as aPpI￿￿e. matteJs rekated to going concem and using the 90ing
concefn basis of accounting unkn the trustees eilher intend to liquidate the company or to cease operations. or
have rio realistic alemati¥e but.to do so.
12

Wy¢liffe Hall
Independent auditors. report to the mombers and trustees of Wycllffe Hall
Yoar endod 30 June 2023
Audltoe5 Tesponslbllltle¥ forthg •udft of tho ffnanclal statements
Our objectwes are lo obtain reasonable assurance about vthèther the financial staleryents are free from material
misststernent, whelherdue lo fraud or error. 8nd to tssue an auditorf5 report that includes our opinion.
Reasonable assurance is a high ￿Ve1 of assuran¢e is not 3 guarantee that an audit conducted in
accordarw with ISAS (UK) will a￿ayS delect a material miss13tement when it exists.
Misstatements can arise from fraud or error and are consKlered material rf. indrvidualty or in the aggregate. they
could reawnabty be expected to in1luen￿ the economic d&i%ions of users taken based on these financial
$t*ements.
Irregulartties. including fraud. are instsnces of non4omF4iance ￿th W$ and reguLgtions. We design procedures
in line wilh our resp)nsibilities. oudined abova, lo detect material misstalements in respect of irregularrties.
induding fraud. The extent lo which our wocedures Can detect irregularitw, induding fraud is detailed below..
Our approach to idenlfying and assessing the risks of rnoterial mi55tatement In respect of irregularities.
. induding fraud and non<ompliance wth laws and regulalions. was as fcdbws:
the 8ngagem8nl partner ensured that thg enyagement leam ¢ollecbvety had thè appropriaie
competence. capabilities, aNJ ski115 to identify or recognise norFcompliance with ap￿leable Im and
regUlat￿n$.
we identified thelaws and regulatv)ns ap￿￿b* to the charity through discussion5 with trustees and
other management, and from our ts)mrrwc3al kn(ywWge and experience of the clienf5 busines5 seGtor.
we focused on Speci￿ laws and regulaI￿n$ which we considered may have 8 direct material effect on
the financial slaternents or the operations of the charty, including the Companies Act 2006, Charities
"Act 2011, d* protectK)n. anb".bribery. empbyTh￿nl enVir￿mental and heatth and safety legislation.
we assessed the extent of COM￿Lance wilh the laws an¢J regulations identified abfft thn)ugh mgking
enquiries of management.. and
identified law5 and regulations were corrffnunicated vrithin the audit team regularty and the team
femained alert to instance5 of non-complian￿ throUgh￿t the aud
We assessed the susceptibilty of the chartys financial statements to material misstateff*nL In￿L￿Ing obtaining
an understanding ol hcm fraud might cwjr. by".
making enquines of manageTrEnl as lo where they c4%1sidergd there was 5usRptibilty to fraud, their
knowledge of actual. SUSFected. and alleged fraud.
considering the internal ¢ontrols in Klace lo ffiligate risks of frwj and rK)n-oimpllance wlh laws aTr
regulations: and
To address the risk of fraud thnJu9h managerrent tiias and OVe￿￿je of ¢Mtrois, we:
Per1￿m￿ amlytvl procedures to identsfy any ￿UsUal or unexpthd relationships.
tested jouma entries to Klenty unusual Iransadion5.
assessed whether1￿ements and assumptions rnade in determining the accounting estwtes set out
in the Statement of Accounting Policies were lThy￿b.¥e of potential bkqs.
investigated the rationate behind Signifi￿nI or unusual transactions.. and
13

Wy¢liffe Hall
Independent auditors. report to the members and trustees of Wycliffe Hall
Year ended 30 June 2023
In response lo the fisk of iNe9ularilies and nw-complkqnce with laws and regulalK)ns, we desvJned Prc￿lU￿5
whKh included. but were not limileil to=
agreeing financial statement disckjsures to undetying SUPPQTb'ng d￿Mentation.
rea¢Jing Ine mmiutes ol meetings of those Charg￿ with govemarv.
enquiring of management as lo acluJ and potential litigation and ckim>
There are inherent limitations in our audit wocedures described above. The more renv)ved those kw$ and
regulations are from financial transactions. the less likely il s that we would become aware of non-compliance.
Audrting standards also limit the audit pKKedure5 required to bjentify non-compbance with laws and reg(tlalions
lo enquiry of the Iruslees an¢J other managemenl and the inspeckn of regulatory arKI legal ¢>JrTesFondence. if
any.
Material misstatements that arise due lo fraud can be harder lo delecl than Ihose that arise frthn error as they
may invotve delikrate concealment or collusic￿.
A furlher descTipts"on of our Te5ponsibilitEs is avadable on the Financkql Repo￿n9 Counryl's website *'.
www.frc.o
.uklauditorsres
nsibil￿@s.
This descriptson fom)s part of our audilo¢s reF<#t
Us• of our r•port
This report 1$ made solely lo the charitable company'$ rmthrs, as a in accordance wth Chapter 3 of
Part.16 of the Companies Act 20C6. Our audit work has been undertaken so that we might slate lo the
charitabk company's member5 Ih05e mattets we are required to state to them in an audilorfs report and for no
other purpose. To the fullest extent permttted by L4w. we do not accept or assun* responsibility to anyone other
than the charitable company and the charitable company's members as a tvdy. for our audil work. for this
report,.or lof the opinions we have forn￿d.
Robert Kirtland FCA (Senior Statutory Auditor?
For and on behalf of Crilchleys Audit LLP {Statutory Auditorl
2>38 Hythe Bridge Street
Oxford
OX12EP
Dale.. 23111r2023
14

Wycllffe Hall
Consolldated Statement of FinancialAthili¢>-._
-{In¢ludlng tyonsolldated Income and EX￿ndItijr0 Account)
Yoar endod 30 June 2023
Unrestrlct•d Reslrfded Endi>wrnent
Fund*
Fund$
Funds
2023
2023
2023
Total
Funds
2023
Totsl
Funds
2022
Note
Income and
endowments from
Charitable actlvili•s
Teaching, research and
residential
Donalrons and legaies
Tradin9 IIICQ
8ank and other interest
Profit on disposal of
fixeil asset
1.916,549
19S.269
452,852
1.916,549 1,846.653
576.409
333,388
452,852
91.$66
381.140
170.251
Total Income
2.S64.670
381.140
2.945,810 2,441.858
Expgndlture on
Gtrnerating Funds
FUnd￿1$1ng and
publicity
Trading expenditure
378,738
378.738
207.849
133.047
133.047
26,074
511.785
511.785
233.923
Charllable •xp•ndlturn
Tea¢hing,.research and
resKlenlial
2.496.629
360.532
2.857,161 2.449,982
Total eX￿ditUr*
3.C(J8.414
36D.532
3.368,946 2,683,905
Nèt incom? I
(exp•ndllur•
1443.744)
20.608
1423.136} (242,0471
Transfer bEtween funds
10.535
110.535)
Surplu$llDfftIt)
1433.2091
10.073
1423,1361 {242.0471
Other rgGognlsed
galnyl1108sesl
Gains on revaluation of
fixed assets
A¢tuarial gainsl Ilossesl
on defined, benefit
pension scheme
1231
(23)
1.556
N•t mov•mgnt In
funds
(424.232)
.10.073
1414.1591 {231.4911
15.

Wycliffe Hall
Consolidated Statement of Financial Activitlos
Ilncluding Consolidated Income and Expenditure Account)
Year ended 30 June 2023
Unrestrictad Restricted Endowment
Funds
Funds
Funds
2023
2023
2023
Tolal
Funds
2023
Total
Funds
2022
8alances brought
forward at 111 July
2022
8,863.756
388,$87
561,000
9,813,343 10,044,834
Balanc•s carried
forward at JO June
2023
8.439.523
398,660
1.orKJ
9.399,183 9,813,343
The statement of financial activitie5 indude5 an gan5 and kjsses rwnised hi the year.
l income and expendrtufe derive from continuing activit*s.
16

Wycliffe Hall (Company Nufflbgr 09007970)
on$olidated Balance Sheet
Year ended 30 June 2023
UnTestTiCt•d ' R•slri¢t•d Endfy•nnent
Funds
Funds
Funds
. 2023
2023
. 2023
Total
Funds
2023
Totsl
Funds
2022
Note
Flxed Ass•ts
TangitAe Assets
12.433.223
1S9.284
560,1XQ 13,152,507 13,310,477
Curr•nt Amtts
Slock
Debtots
Cash at bank and in hand
191.014
191.014
428.'875
1.018.219
239,376
1.258.595
1.275.051
1.209,233
239,376
1.LKK) 1.449.609
1.703.926
Credttors
Amounts falling due within
one year
10
621,310
821,310
613.552
Not Current Assets
7.970
239.376
828,299
1,090,374
Total Assots le88
Curr¢nl Llablllti•s
13.021,146
398.660
561.0(M) 13.980.8C6 14.4fy).8S1
Cfodltors
Amounts lalling due after
more than one year
12
4.581,823
4.581.623
4.578,508
Pension Scheme
Provision
Total creditor5 due after
more than one year
4,581,623
4.581.623
4.587.508
Nel Assèts
8.439.523
398.660
561.000
9,399,183
9.813.343
Capitll Funds
Endowment Funds
Restricted Funds
Oesignated Funds
Unrestricted Funds
561,0
561,000
398.660
17.630
8.421.893
561.000
388,587
76,069
8,787,687
15
16
398,660
17,630
8.421.893
Total FundB
8.439.523
398.660
561,000
9.399,183
9.813.343
Approved by the Board ofTrustee5 on 16th November 2023 and sb3wJ on ts behalf by..
RtRevd Ju
ian Hènderson (Chair)
Paul LI￿On ITr8a$urgrl
17

Wycliffe Hall
Company Balance Sheet
Year ended 30 June 2023
Unrgstrl¢tsd Restricted Endowment Total
Funds
Fuftds
Funds
Funds
2023
2023
2023
2023
Total
Funds
2022
Note
FSxed Assets
Tangible Assets
Investments
12.433.223
10
159.284
560,LXQ 13.152.507 13.310,477
10
10
12,433.233
159.284
560.000 13.152,517 13.310,487
Current Assots
Stock
OebtOfS
Cash at Bank in Hand
251,931
806.342
251.931
492,333
1,046.718 1.123,334
239.376
1.000
1.058,273
239,376
1.298,649 1,61S,667
Credltors
Amounts falling due within one year
10
478.982
478,982
543.869
Net Current Assets
579.290
239.376
1.CQO
819.666 1,071,798
Total Assets less CuTr•nt
Liabllities
13.012.523
398.e60
561.000 13.972.1B3 14.382,285
Creditovs
Amounts fallin9 due after rn￿ than
one year
Pension Scheme Provision
12
4.581.623
4.581.623 4.578.508
Total creditors due after rrwe than
one year
4,581,623
4,581,623 4.587,508
Not Assets
8.430.9
398.e
1,000
9.390.560 9.794.777
Capital Funds
Endowment Funds
Restricted Funds
Dosignated Funds
.Uniestrthd Funds
561.OCMJ
561.000
561.000
398,660
388,587
17.630
76.069
8.413.270 8,769,121
15
18
17.630
8.413.270
8,430.9LN)
398.660
56i,CQO
9.390,560 9,794.777
Approved by the Board of Trustees on 16 th November 2023 and signed on its behaff by..
Rt Revd Julian He
erson ICh*r)
Paul LindM (TreaSU￿rI
18

Wycliffe Hall
onsolldated Statemei)t of Cash Flows
Year •ndod 30 June 2023
' Not•
2023
2022
Net Gash provid•d by lus¢d in) op•r•llng athftl•s
17
14.087
1537.3471
Cash flows from Investlng actlvltles
Proceeds Imm Sa￿ of property, ￿ant and equpment
Pufchase of property. plant and equipment
IM￿l￿onI of asséts
Net cash w0v￿ed by lused inl investing actNib
1.052,330
{90.6001
(27,428)
3.115
961.730
Cash flows from financlng a¢tivltio&
Repayments of t¥)rrowing
Cash Inflows from new bJrrwng
Net cash provKled by (used inl finanang a¢iivitses
1515,0001
200 000
Char)ge in cash and cash equNalents in the repKxting per
109 383
Cash and cash equivalents at the beginnW￿ Oftt￿ retth"rKJ w¥)d
1.275,051
1.165.668
Cash and cash equlvalents It the end of the rnportlng perfod
18 1 258,595
1275.051
l9

Wy¢llffe Hall
SL7tement of Accounting Pollcies
Yoar ended 30 June 2023
Sco
of th Fin
ncial Sl8tements
The finanaal statements P￿sent the Consolklated Statement of Financial Aetivrties ISOFAI, the Corisolidaled
and Company 8alance Sheets and the Consolhjated Slalemenl ofcash Flows forthe Hall and itswholly ￿ntrOlled
sUbs￿lary Wcliffe Hall Services Limited and Wcliffe Hall Devebpment Limited. No separate SOFA has been
Pfesented for the Hall alone as currentty permitted by the Chanty Commiss￿In on a concessionary basi5 for the
filing ol c¢nsolNlaled financtal statements. The results of the subsidiaries as included in the consolidated SOFA
and balance sheet are disclosed in rKJte 8.
Induded in the financi* statements are Ihe cryrparative ffigU￿ for 2022.
Basis ofAccounkn'n
The Ha51's individual and consolidated financial stateff*nls have been prepared in accordance with Unite¢t
Kingdom A￿unting Standards. in paitular'FRS 102.- The Financial Reporting Standard applKable in the UK
and Republic of Irek3nd' {FRS 102}".
The Hall is a public benefft entity for the purposes of FRS 11y2 and a registefed charity. The Hall has therefore
also prepared its individual and consdidated financaal stslements in aW)rdan￿ with 'The Slatement of
Recommended Praclti applieable to chanties P￿Paring Iheir financial st*rnenls in aCCOTdance with FRS 102.
{The Ch8ribes SORP (FRS 1021)
The financial statements have teen prepared on a goiw concem basis and on the hislorical cost basis.
The principal accounting pohu.es adopted are set out beftyv and have been applied consisten￿Y throughout the
year.
Freehokj Pro
The charity's original prcp8rty was donated to the charitsbk company and is shown al deemed acquisition ¢osl.
On the transfer from the Trust to the new limited company, freehokj properties (with the excepti¢)n of the main
sitel were re-valued at the market value as al l Juty 2014 and are revalued each year. The main site which
consists ofthe endowed property and 3 on Site h¢)uses were tran5fetred at dee￿￿ acquisrtw costand purchase
cost
Freehold propety 15 deemed to consist of land170% of cost) and buildings130% of rnst). The land is not king
depreciated. but the buiklings are being depreuated w 50 years. Major refurbishments to building5 are
¢apitalised and depreciated over S or 15 yew5.
her Fixed Ass
Is
Significant fixed assets are cawtalis8d and depreciated over Uleir eslimated usefrjl lives.. small items are charged
to the incorne and expenditure account a5 Ir￿r￿d. No softwJe is capitalised.
The depreciation rates appl￿￿ lo equipfflent are 20% or 33% COSL
20

Wy¢llff• Hall
stst•mont of Accounllng Pollcles
Year 8nd8d 30 June 2023
Fund Accountin
Funds held by the charity Con￿st ol..
Unrestricted General Funds. whth can be used in a(tfxtsrKe with the charitable objects at the
discretion ol the trustees.
Endowment Funds. which result frt*m capiial gifts to the charty and must be held perrrArtenUy.
Restn"cted FuThJs, whKh can onty be used lor part￿lar restrthd puyJse5 wilhin the objects of the
charity. Restr￿tiOnS arise when speufied by the donor or when thJnd5 are raised for particular wstricted
purposes. Furthef eXpkn0t￿n ol the naknre and Purpose of each lund is induded in the notes lo the
financial statements.
Desigriated Funds. unrestricted anK*unts receNed whith have been Set aside by trustees fc< an
senlial spend or fvture purF4)se.
and other income
Students. fees. rents and confrren¢8 income are a¢cgyJntsd fi)r in Ihe period in whith the ser¥i¢o or faciliti85 &e
provffled.
Volunta Ineorne
Donaliofts and grants that do not inwse specrfK future perfO￿￿nce-reIa1ed or other srecific cond￿n$ are
recogni5ed on the date on which the charity has enbwement to the resource. Ihe amount can be reliably
measured and the 8cononNc benefft lo the Hall of the donalNJn or gfdnl is probable. Donations and grants
subject to perfoman¢e-relat8d conditic￿$ are recognised as and when those ￿nd￿On5 are mEt.
DonatK•ns and grants subject lo other Speci￿ ¢ondth"ons are recognised as those condition5 are met or their
lulfilmenl is wholty Mthin the control of the Hall. arKI il is pmbatjle that the speaf*d con￿￿OnS will be met
Legacie5 are recognised following grant of probate an(1 once the Hall has receNed sulficienl informat￿￿ from
the executor{51 of the deceased's eslale to be satisfied that the gift can be reliably measured and that the
ewnomtc benefit lo the Hall is [￿obable.
Donations. grants and legaw a¢xruirvJ for the 9eneral"purposes ofthe Colkge are ¢rediled to unreslrthd
funds.
Donab'ons, grants and ￿9aCleS which a￿ subject to C£*ndtI￿ns a$ to Iheir use imposed by the donor OT sel by
Ihe terms of an appeal are credited to the relevant restricted or. where the donation, grant or legacy is
required lo be hgld as capital, lo the endowment fijnds. ￿ere donalpjns are receNed in kind la5 distinet from
sh or other monetary assets), they are rr￿ured at the fair value of those assets at the date of the gift.
Grfted Ass
15
Where donations aTe re¢wed in kind las di5tirKI from osh or other Th￿netary asselsl, they are ffEa5ured at the
lairvalue of those assets at the date of Ihe gift.
Ex
enditure
Expenditure is accounted for on an ac¢ruats basis. "Certain expendiiure Is apwuoned lo cxtst ¢ategories based
on the estimated amount attrfbutable to that activty in the year on a b.me bas4s.
rati
leases
R&ntals applicable lo operabng leases are ch*ged to the SOFA over the period in which the cost is incurred.
fin
Pen
cliffe Hall participate5 in the Church ol England Funded Pensions Scheme for stipendiary clergy. This
s¥heme is administered by the Church of England Pens￿nS B￿rd. wthtch holds the assets of the schemes
$eparatety from those of the Emther and the other paibc¥iating employers.
21

Wycliffe Hall
Statement of Accounting Policies
Year ended 30 June 2023
Each part￿•pa11rvj employer in the scheme pays contn"butsons at a ¢>Jmmon contribution rale applied to
pensionable stipends.
The ￿￿eme is a Mu￿￿eMploYer scheme as described in Se¢tion.28 of FRS 102. This means it not possible
to attribute the Scheme'5 assets and lia￿"11tie5 lo specific empbyers and that contributions are ￿Ounted for as
rf the Scheme were a defined contribution scheme. The pensTons eosls charged lo the SOFA in the year are
contributions payable towards benefrts and expenses accnsed in that year, plus any impact ol deficit
contribulions. In addition. a liability is recognised al the balan￿ sheet ¢Jate for tre discounted value of the
expected hjture contribution payments under the agreerrent vrith this multi-effoloyer scheme to fijnd the past
service deficit.
eliffe Hall also operates a defined t￿ntn.￿￿ti0n Pensi￿ scheme. Contributions to this scheme are charged to
the SOFA as they becon* payable. The pension charge for the year indudes empbyer conth"butions of
£137.622 {2022.' £117.3141. At the yearend È12,83512tr22.. È10,5681 was accrued in resp￿1 OfC￿tributIOnS to .
this scheme.
22

wycli￿ Hall
Notes to the Financial Stateinonts
Yoar ended 30 June 2023
1. 2022 Comparatives for SOFA
Unrestrl¢ted Restri¢t•d Endowm•nt
Fund$
Funds
Funds
2022
2022
2022
Total
Funds
2022
Income and ondowments from
charitable activiti•$
Teaching, research antt ￿SIdents1
1.846.653
1,846,653
Donation5 and lewes
T￿ding irwme
Bank and other interest
Other in¢ome
112.506
91.566
220.882
333.388
91,588
170.251
170.251
Tot41 bncorn?
2 220 976
2 441 858
Expend[￿1* on
Generat5ng funds:
Fundrdising and publicity
Trading expenditure
207,849
207,849
233.923
233.923
Charltabl• •xpendlture
Teaching. rese8rch and ￿5￿ential
2,185.457
264.525
2.449,982
Total eX￿ndIture
2419380
2 683 905
Net In¢¢mè l (expendltur•l
{198.404)
143.643)
{242.047)
Trarksfers bfr￿n funds
15,000
(15.0001
SuryluslDoliclt
242,047
Othw r•¢ognls•d galnslllosseB)
Gain on revaluab.on ol fixed assets
Actuarial gainslllossesl on defined
benefit Pens￿)n stheme
1,556
1,556
Net mov•ment In lund¥
58.643
231491
23

Wycllffe Hall
Notss lo the Financial Statements
Year ended 30 Juno 2023
In¢ome from Charitsble A¢tlvitles
2023
. Total
2022
Total
Llnrestrici•d Restrlctod
Teaching & Research
Teaching fees- ordinands
Teaching fees- independent sknlents
Teaching fees- visiting sludenls
Other academtc income
Residential income
405,753
643.414
72.120
50,254
799.716
405,753
643,414
72.120
50,254
799.716
426,316
489.810
94.588
38.383
83S,556
Bursaries & fee waivers awarded
(54.7081
{54,7081
138.0001
1.916549
1 916 549
1 846.653
3. Analysis of expendituro
2023
Total
2022
Total
Dlrect
Other
staff Costs dlrnct cosls
Support
costs
Expenditure on generatlng
fuftds
Fundraising costs
Tradin9 ¢OSts
Total expenditure on
generats.ng funds
326,012
52.726
378,738
207.849
326.012
185.773
511,785
233,923
Charitable expenditure
Teaching. research &
residential
1.086 057
I412￿9
807.265
2 864 308 2.44
982
3 376 093
2 683 905
1 156759
Support costs
2023
Tolal
2022
Totsl
Generating
Funds
Teaching
and
Resear¢h
Financial and dOn￿stiC admin
IT
Depreciation
Bank interest payable
Other finance charges
425,336
88.158
188.490
99,491
425.336
88.158
188.490
99,491
5790
381.339
88,379
185.562
74.556
735 778
Goveman¢• Costs
2023
Tolal
2022
Ti)tal
Unrestricted Restricted
Auditors remunerntlon:
Audit lee
Other servrEs
TaxatK)n Servi
Othèr govemance costs:
Hall Council
10.326
10.328
2.300
1,320
9.360
2,352
1,780
1.320
857
15.030
24

Wycliff¢ Hall
Nots8 to the Flnan¢ial Statements
Y•ar ond•d 30 June 2023
6. Staff Ci
2023
T¢)tal
2022.
Restrfcted
Gross Salaries
Redundan￿ Pay
Employef's NI
-Pensions
1,189,338
129,861
1.319.199
1,194.182
11-,379
120.442
120,881
154,748
11.052
131,933
172 837
1623 969
159 002
1490 983
Average number of staff
45
41
The above figures for the average number of slaff are.for those empfoyed on a regular morbthty basis, whether
fvll ty.mg or.part lime. Teminaty"on costs in the year tots7￿ £012022". £11.3791_ In addition. ￿ClIffe Hall pays
indivhluals on an ad hoc basis to Ferforni Specific tssk$. The costs of these individuals are mel through the
payfcII and induded in the gfOSS sakiries sh¢￿Tr ab￿e. though not the figuo$ for stsff numbets.
diffe Hall aL40 makes the followtng paynmts whth a￿ not induded in the above figu￿$..
a. to indivK1uals for delivering kntures and fut￿lS and marking essays1£35.514 2022.. £26.8761
b. to a thyd party for costs ofthe catering staff1£141.756, 2022.. £108,335)
The number ol employees dullng the year wttose 9ross pay and b8nefrts {eXC￿dIng employer Nl and pension
contributions) falhn9 within the folbwirwJ bands was:
2023
2022
£60.D)1 - £70,000
Key managernent are memlws of the Senior m￿ageTrent Team as discS)wJ on p4e 2. Tho total
remuneration paid lo key rnanagemenl was £324.853 (2022.. £330.416) (inclusive ofemployerfs nat￿n81
Insurance and pension c05ts.}
Tanglbl• Assets
(Group and Companyl
Freehold
Property
Egulpment
.Total
As at 111 Juty 2022
Additions
Disposals
Revaluabon Gain
As al 30th June 2023
15.302.499
301,830
17.864
{52,9951
15.604,329
27,428
1216.9051
(163.9101
15 151 245
15 417,944
Depreciatlo
As at 1* July 2022
Charged in y
lrnpairmenl
2,150.W
1S7.
142.968
30,924
2,293,852
188.490
Released on disposal
As al 30th June 2023
163910
S2.995
120.897
216905
2 265 437
Net B￿k Value 3PJun8 2023
13 006.705
13 152.507
Nel Bc4Jk Value June 2022
13 151613
13 310477
25

Wycliffe Hall
Notes to the Financial Statements
Year ended 30 June 2023
Freehold proFerty owned with equity mutyages is revalued annualty usirtg an approwiate house price
index.
8. Sub$ldlory Undort*king8
cliffe Hall Seryices Limited INWSLI and ￿¢l[lIe Hall D8¥ebpn￿nt Limited are both 100%.controlled
and managed by Wcliffe Hall. The registered off￿e for both companies is the same a5 forthe main charity
and can be found on page of these XCOLtsIts.
The trading ath"vities ofwycliffe Hall Servkes Ltd comprise revenue from managing cornrnercial
aetivities in supwrt of Wcliffe Hall's ovpJall obiecbves. The ￿SUItS of this subsidiary and its assets and
l￿bIlIbeS at year end were as folbws-.
2023
2022
.Turrw)ver
Expenditure
Resutt lor the year
374.948
107.922
267 026
91.571
Totsl Assets
Totsl Liabilities
Nel Asset￿(Li8b11rt￿I
244.490
230 464
14.026
152.074
130.019
The trading aclivities of Wycllffe Hall Development Ltd compllse activities related lo being a buik1ing
Contract￿ for Wdiffe Hall. The resulls of this subsidiary and its assets and liabilities at year end were as
follows."
2023
2022
Turnover
Expenditu
Result for year
(1.914)
{1,914
11.5941
11.5941
Totsl Assets
Total Liabilities
Net AssetsllLiabilities}
10.380
(15.7731
{5.3931
12.044
115,5231
13.4791
Share Capitsl & Reseryes
Profit and10554ccounl
10
(5.403)
(5.3931
10
13,4891
13.4791
9. D•bto
2023
Group
2022
Group
2023
Cofflpany
2022
Company
Trade Debtors
ed by group undertakings
Prepayments
Ac¢"rued inwrne
124.986
321,414
' *.560 322.4¢)9
103.909
73.131
$0.6
39,316
772
251931
50,690
15,338
191014
39.316
428 875
26

Wycliffe Hall
Note$ to the Flnan¢lal Statements
Yoar ended 30 June 2023
10. Cr•dltors du•
withln on&ygar
2023
Group
2022
GTOUP
2023
2022
Company Company
A￿}Unts falling due wfthin one year.
Creditors
Accruals
Defrfred incoff
388.159
130.686
420,657
93.530
331,111 406,417
121,781
87.954
26 090
49.498
478 982 543 869
621.310.
11. D•lorr•d Income
Deferre¢J income comprises ofdeposits relating to cJ)nferences not yet t￿1.
2023
Group
2022
Group
2023
Company
2022
Company
Balanco al 1 July 2022
$9.365
81.864
49.498 81,,864
Amounts wleased to incoming re50Urtes
Amount deferred in the year
Balance as at 30 June 2023
199,365)
102.465
102465
181.864)
99.365
(49.4981 181,8641
26 090. 49,498
26 090 49 498
27

Wycllffe Hall
Notes to the Financial Ststements
Year ended 30 June 2023
12. Credltors
Amounts falling due after one year
2023
Group and
Company
2022
Group and
Company
Royal Bank of So)Vand Mortgages
Church CommiSs￿nerS Loan
Private Loan 38 Harpes Road
1,210.000
3.071.623
300.0
1.210,000
3,C68,508
300.000
4 $81,623
4.578 508
Loan re Property
Equity Shar•
2023
2022
135 Kingston Road
13 Harefields
121 Harefields
11 Pennywell Drive
8 Marriot Close
14 Spar5ey Place
1rAI%
1CQ%
95%
1Crf)%
100%
1¢)0%
943.900
458,448
435,524
370,796
323,600
539 355
3 071 623
942,914
457,986
435,087
370,430
323,284
538 807
3,(e8.508
Royal Bank of Scotland mortgageB
There are hvo inlerest-onty r￿rtgage$ wilh RBS. each of 15 Secured by a legal ¢harye on 8 Norham
Gaidens..
£960k {2022.. £960kl repayable in 2026., the interest rnte t5 1.25% over Bank of England Base Rate
' £250k12022'. £250kl Tepayable 2026". the interest rdte is 2.37% over Bank of England Base Rate
13. Contingent Liabilities
The following grants are repayab￿ to.the Archbishops, C￿n￿l if ￿diffe Hall ceases to be recognised for
ordination training by the House of Bishops= _
1964165
1977179
2013114
IM[￿vement Grant
6.000
Fire Precautions Work Grnnt 16,243
Fire Aami Upjiade Grant
lo,￿0
28

Wycllffe Hall
Notes to the Financial Ststements
Year onded 30 June 2023
14. ATratysl¥ of
Funds12023
Gon•rnl
Fund
Capltal
Fund
P•nslon Deslgnat•d Restylcted Endowed
Reserve
Funds
Funds
Fund8
2023
Total
Tangible Fixe
Assets
Ngl Current
.Assets
Loans
P8n$ion
Provisi¢
Total
145,802 12,287,421
159,284
560,OW 13,152,507
570,293
17.630
239.376
1.CQO
628,299
14.581,623)
{4,581.S23)
716.095 7 705 798
398 660
9 399.183
Analysis of
Funds11022
Comparativw)
General Capft•l Pensk*n Desrynatsd RHtrlct•d Endiwml . 2022
.Fund
Fund Re*•
Fvnds
Funds
Fund$
Totsl
Tangible Fixed
Assets
Net Current
Assets
Loans
Pension
Provision
Tolal
158.864 12.591.613
172.584
560.000 13.310.477
624.718
78,069
216.003
1.CQO
1.090,374
{4.578,5081
{4.578.5081
783,582 8 013 105
76.IWJ
9,813 343
IS. Restricted Funds
Opening
Balance
In¢¢ming
Funds
0￿gOIng Tr4nsfers
Funds
Closlng
Balan¢e
Stsff r•lat•d
Artisl in Residence
Visits'ng Academi
Old Testament Tutor
JRF- LrteratU￿ and Th￿Y
Styence for Semsnaries
JRF- New Testament Greek
New Renaisstrt￿ Proieci
Sludent related
Btshop Neill Fund
Bursary Fund
Principal's DI5¢relK￿ary Fund
Mission Fund
Theology for All
Jenni WillianB Book Fund
75.829
72.819
2.851
34.547
40.351
{68,420}
145,6011
{2.8511
(30,746}
{26,2021 110,5351
{37,471)
' 7.409
172,792
145.574
29.993
145
56,156
0,582
33,794
3,759
18,685
60,582
15.058
4.482
3,527
5.589
91.600
371
(6.7681
{4.250)
8.290
232
3,527
5,589
18,416
371
35.263
(108.4471
BuKhner Prizes
Prop•rty related
Matthew E Lewis Memorial FurKJ
Propety Development Fund
Campus Investment Fund
Others
Income Generation Project
(414)
3.427
(6(￿)
2,413
20.869
18,8471
14,5C¥)
113,722)
(7,147)
21.647
114.5001
so.0￿]
62,800
15.455
{15.4551
388.587
398.660
29

Wycliffe Hall
Notes to the Financlal Statemefits
Year ended 30 June 2023
Staff Related
The Artist in Residence Fund was set up to Provide resottrces to support the appointrnent of
an arb.st in ReS￿enCe whose role is to help the Hall explore Ihe creative role of the Arts in the
renewal ol Christsan Ihinknng.
The Visiting Academics fijnd was sel up lo meet the costs of bringing academics of note to
the college and SuppO￿.n9 their teaching work
The Ohd Teslamenl Tutor fund was sei up to bring an Old Testsn￿t Tutor to Hall. This
fund has since been closed.
The JRF-L"rterature and Theology fund was set up lo a Juft￿ Research Felbow to the
Hall lo carry out advanced research in English. Literature and Thp4)bgy. They will aLw work
on projects in partnership with the Frederick Buechner Center.
The Science for Seminartes programwe was established to Ill￿8$e the focus on science
relaled issues in ministerial Iraining in5trtubons. This programme ended in septeM￿r 2023.
The JRF- New Testament Greek was e5tabli8hed lo bn.ng a JuniDr Research Fellow to the
Hall to carry out adv8nce(I research in Nth¥ Testament Greek
The New Renaissance Project tund was established to hire a tsff memberwho would lead
the proje￿ aimed al fostering a nv4¥ renaissance of Ghrislian Sthdarship and culiure.
Sltsdent R•lat•d
The 8ishop Stephen Neill Fund was sel vp following his death and furKIs were raised iniliaNy
by public appeal with recent d¢)nations coming Irom past and wesent members of the Hall. Ils
purpose is lo bring Church leaders from the Indian sulKontinenl and East Africa to Ihe Hall
for study and ￿search.
The Genepl Bursary Furrfl is to provide tr￿r5a￿es students
The use of the Principal's Discrelionary Fund is al the absolule di￿￿tion ol the PrincApal. In
recent years il has been used to I￿1 cases of hartship
The MisS￿n Fund finances student miwons in the UK and overseas. including a teachirwJ
mission to Uganda.
The Theology for All Fund provides financial support towaftls fees and mainlenaftce for up to
ten UK based students each year frorn under-represented or dtsadvantaged groups, with the
OPFOrtunty for awards to be fenewed forthe dur*'orb ofa sWdsnV$ time at Vtydrffe.
The Jenni IM11￿MS Book Fun¢J was set up to 9row the anwnt of theobgical works hdd in the
library aVa￿ab￿ to Sludent by femalg author5
Two Buechner proes have been estsbli8hed for which all ojrrent students of the Hall are
eligible to eompete. one in relation lo preachirMJ and the other lor creaiive theowical writing.
30

Wy¢liffo Hall
Notss to the Financial Statements
Year ended 30 June 2023
Property Relat•d
The matth￿ E Lewis MefTh)rial Fund vrds establis1￿d to help towards the eosts ot sfvdents
trom fran￿Phone Afr￿. During the year. the donc* agreed to extend its purKhJse lo include
initiatives aimed at improving the welconw r￿eNed by students and others entering thé Hall.
The balance ol this fund was transferred into th? propety development lund during the year
and the fvnd is now close(l.
The Propety Development Fun¢J set.up to raise fijnds for the development of the
diffe campus. During the year fvnds from the Campv5 DevelOpn￿t Funtj which had a
simiLar purpose were transferred into the Piopety.Devebpn*nl Fund and the Gampu$
Devdopment Fur¢d was cbsed. As slated above the balance of the Matthew E. Lewbs
Mernorial Fund was also transfe￿ed into the ProFéty Devebwwil Fund
Othern
The Income Generation ProFctwas lunded to fund C¥)nsuliing WO￿ into potentsal non-
teaching related forms of incotrn for the Hall. This has rvw.been fulty SFent and the fund
has been cJo*l
16. 0¢$ignat￿ Funds
Opening
Balance
Incomlng
Funds
Outgolng
Funds
58.439
58,439
Cl¢slng
Balance
17.630
17,630
visits.ng Academ
The Visiting Academics desTrgnated fvnd has been esta￿1Shed Ihrough unrestricted donations received
and set aside by the Trustees to meet the costs of trin9ing A¢ademi¢s of n¢)te to the ￿llege and
Supporting their leaching work During the year funds we(e used to support the costs of cA￿tinuing an Okj
Testsmenl Tuition roie at the Hall.
17. Reconciliation of N•t In￿¥M¥ to n•¢ ush fl¢Mfrom operatio
2022
Net In¢omel{exponditurel
Elimination of non-opgrating cash ffow&
Deprecialion
ISurplusV105s on rekase of fixed assets
Decreaselliruease} in stc¢k
Decre25ellirwease) in deb￿r$
{Decreasellinc￿a$e in credrtors
(Decreaseifincrease in provisbjns
IDe¢rease}Iincrease in pension scheme liatx.lty
(414.159)
{231.4911
1BB.490
185.563
1195,3801
414
1105,7001
(180,1981
11,5551
19,0001
237.860
10.873
23
19.0001
Nel Cash provided ty (Ltsed inl opw*ing xtrvit*s
537 347
31

Wycliffe Hall
Notes lo the Financlal Statements
Year ended 30 June 2023
18. Anatysis of cash and Cash equivalents
2023
2022
Cash at bank and In hand
1258 595
1275 051
19. Trustees. Remun8rabon
Hall Council mernber5 who are the Truslees of tho Hall for Ihe purFoses of charty receive no
remuneration for acting as Charity trustees.
Hall Council memters receive reimbursement of personal expenses n￿$$an￿ incurred in connection with
Council business an￿￿ntIng to £23312022.. £21)". Trustees made donations totslling £3,590 in this financial
year12022-. £510).
20. P•nsion Sch•m•
cliffe Hall Oxlord participates in the Church of Engknd Funded Pens￿n$ Scherne for Stipendiary clergy,
a defined benefit pension Scheme. Thi5 S￿￿rrE 15 administered by the Church of England Pensitins Board.
which holds the assets of the scheme separatety from those of the Responsible 8￿jIeS.
Each participating Responsible Body in the Church of England Furhjed penS￿nS Scheme pays ¢onlributKJns
at a common contributs.on rate applied lo ￿nsionable stipends.
The scheme is eonsKlered lo be a mult￿Mployer scheme as described in Section 28 01 FRS 102. It is not
possible to attribute the Scheme's assels and liaknliti.es to each speofic Responsible Body. and this means
contribub.ons are accounted as rf the ScheffE were a deffined conth"bution scheme. The pensions costs
charged to the SOFA in the year are contribuiK¢ns payable t¢)ward$ benefits and expenses accrued in that
year12022". £0. 2021. £01, plus the frJures In relation lo the Scherne's deficit highlbjhted in the tsble below
as bging recognised in the SOFA. gr¥ing a loial charge of £0 for 202212021: £0).
A valuation of the Scheme is carried out once every Ihree years. The rI￿t recent Scheme valuation
compleled was carried out * as 31 Decemter 2021. The 2021 valualion revealed a surplus of £560m.
based on assets of £2.720m and a fijnding taryet of £2.160m, assessed using the folhmng a55umptions.'
. An average discount rnte of2:7% p.a.
RPI in1￿10n of 3.6% p.a. {arKI pension inc*eases consistent wth this}.'
CPIH infla1￿ft in line with RPJ less 0.8% pre 2030 n)Jving to RPI with no adjusknenl from 2030
onwards.
Incfease in penstonable st4)￿￿5 in line with CPIH,.
Mortality in accordance wth 90% of the S3NA tstles. with albwance for imwovements in n￿rtalIty
rates in line with"th¢ CM12020 extended model with a tong-term annual rate of improvement of 1.5%.
smoothing parameter of 7, an initial addib.on to n￿alIty improvements of 0.5% pa and an a5fvance
"for 2020 data of 0% li.e. w2020= 0%).
32

Wycliffe Hall
NotOS to tho Financial Stst¢m•nts
Year ended 30 June 2023
20. Pfjnslon Scheme {ConL)
Followin9 the 31 Decernber 2018 valuation. a delkit recovery plan w put in pface until 31 D￿ember
2022 and the deficit recovery conlribulions {as a percentsge of FensIonab￿ stipends) were as sel out in
Ihe table below. An intwirn ￿ed￿￿on to deficit conthbub￿S to 3.2% of pensionable stipends wgs made
with effed from 1 April 2022. Folkjwing finaltsation of the 31 December 2021 valuation. deficit
Contributions ceased wrth effect from 1 January 2023, sinee the Schen* was in surplus.
As al 31 December 2020 and 31 Detember 2021 the dekit rncovery contri1￿￿n5 urKler the ieeovery
plan in force were as set oul in the tsble bdtyw. For senior office hokjers. pensionable stipends are
adjusted in the cakulalions by a mulli*, as sot out in the Scheme's rules.
% of pensionaNe sliFerKIs
1 j￿￿ary 2018 10
31 December 2020
1 January 2021 to
31 December 2022
Dthil ￿Pair Contributions
11.9%
7.1%
Section 28.11A of FRS 102 requi￿$ agreed defi¢tt recovery payments to be recognisgd as a liabilty.
However. as there are no agreed defiot recovery payments from 1 January 2023 onwards. the balance
heet liabilty as at 31 t)ecernber 2022 15 n￿. The rrThe￿￿nt in the balar￿ Sheet liability over 2021 and
ovef 2022 is set oul in the bg1ry*.
2023
2022
8alance sheet liabilty al 1 Juty 2022
DeficAt conln"bulion paid
In¢eresl cost Irecognised in SOFA)
Remaining change to the balarTrce sh￿1 liabilrty" (ree4Jgnised in SOFA)
Balance sheet liabilty al 30 June 2023
18.000
19,WOI
(s,0￿}
9.000
' Compnses change in agreed recovery pkn and charye in d￿￿O￿nt rate artd inllation assumpts.ons
betr￿en year-ends.
Thi5 liability represents the present value of the de￿it conlribjbons 8greed as at the acLxJunting date
as been valued using the following assumpt￿8. No assumptions are needef1 for Oecember 2022 as
there are no agreed deficrt recovery payments gtyng lomard. No Pr￿ inflation assumptson was needed
for December 2021 sirKe pensK)nable slwnds forthe reffla￿der of the rvthvery plan were already
known.
Decem￿ 22 D￿rnber 21 DecembeT 20
Discount rale
Price inflation
Increase to total penSiC￿￿t￿e payroll
0.0% pa
rva
-1.5% pa
0.2% pa
3.1% pa
1.6% pa
nla
33

Wycllffe Hall
Notes to the Financial Statements
Year ended 30 June 2023
The legal structure of the scheme 1$ such that rf another Responsible Body fails, the Wdiffe Hall Oxford
Could become responsible for paying.a Sha￿ of that Responsible Body's pension l￿bilItIes.
21. Flnancial Commltments
During 2020 the Hall entered a contract and IT h*dWa￿ supplier lo refresh the VM Hardware. The .
total Contracl value wa$ £59.868.
£25.945'rnmalns outstandlng at W June 2023.
Ouring the year £67,70712022.. £70.9751 was tharged to the SOFA for operating leases. At 30 June the
Hall had total commrtmenls under rton<ancellabk operating leases as follows..
Lafftd and Buildings
eX￿nn9 within 1 year
expiring betr￿en tsvo and fwe years
expiring in over fve years
2022
£37.707
£5.268
£0
£18.080
£0
22. R•lated Party Transactions
The Hall is part of the collegiate University of Oxford. Material interdependencies befv￿en the University
and of the Hall arise trécause of this ￿laborIshiP. For rewbng purwses, the University and the other
ColkgeslHalls are not treated a&related parties as defined in FRS 102.
Truslees of the Hall do not receNe remuneralion as employees of the Hall. 08tsils of reimbursed
exFenses as trustees are disdosed 5epwatety in these finawal statements.
34