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2022-07-31-accounts

Pages
Trustees'
annual
report (incorporating		 the director's report) 1to 11
Independent
auditor's		 report to the members 12to 16
Statement offinancial activities (including income and expenditure account) 17
Statement offinancial position 18
Statement ofcash flows 19
Notes to the financial statements 20to 37

The trustees, The trustees, who are who are also the directors for the purposes of company law, present law, present their report and the
financial statements of the charity for the year ended 31 July 2022.
Reference and administrative details
Registered charity name Ridley
Hall, Cambridge
Charity registration number 1157004
Company registration number 09011968
Principal office and registered Ridley
Hall Road
office Cambridge
CB39HG
The trustees Mr Mark Spelman
(Chairman)
The Venerable
Hugh		 McCurdy
(Vice Chairman)
Revd Canon Frederick Kilner (Resigned 1 June 2022)
The Rt Revd Dr Jo Bailey Wells
Very Revd John lrvine
Mrs Sibella Laing
Revd Dr Jonathan
Linebaugh		 (Resigned 1 June 2022)
Dr Kevin John Holmes
Mr Keith Wood (Resigned 8 December 2021)
Mr Simon McGuire
Revd Rebecca Dyball
Mrs Lyn Brisley (Resigned 16March 2022)
Canon Andrew
R Presland
Rt Revd Dr Pete Wilcox
Revd Michael
David Bigg
Mrs Kina Robertshaw (Appointed 13October 2021)
Professor Simeon Zahl (Appointed 14 June 2022)
Principal Revd Dr Michael Volland
Company Secretary Mr Guoliang
Zhang
Auditor Streets Audit LLP
Chartered
accountants		 8 statutory auditor
3Wellbrook
Court
Girton
Cambridge
CB3 ONA
Bankers Barclays Bank Pic
StAndrews
Street
Cambridge
CB2 3AA

2022 2021
Unrestricted Restricted
funds funds Total funds Total funds
Note F
Income and endowments
Donations
and grants		 5 65 386 38,360 103,746 137,294
Charitable
activities		 6 1,111,049 2,240 1,113,289 1,207,003
Other trading
activities		 7 365,358 365,358 208,932
Investment
income		 8 224 224 2,229
Total income 1,542,017 40,600 1,582,617 1,555,458
Expenditure
Expenditure
on raising funds:
Costs of raising donations and
legacies 9 45,718 45,718 49,673
Expenditure
on charitable
activities		 10,11 1,842,355 25,842 1,868,197 1,719,303
Total expenditure 1,888,073 25,842 1,913,915 1,768,976
Net expenditure (346,056) 14,758 (331,298) (213,518)
Other recognised
gains and		 losses
Actuarial
gains/(losses)		 on defined benefit
pension schemes 10,000 10,000 (5,000)
Net movement
in funds		 (336,056) 14,758 (321,298) (218,518)
Reconciliation
offunds
Total funds brought
forward		 4,892,309 90,504 4,982,813 5,201,331
Total funds carried forward 4,556,253 105,262 4,661,515 4,982,813

2022 2021
Note
Fixed assets
Intangible assets 17 1,210 2,530
Tangible fixed assets 18 4,508,522 4,652,110
4,509,732 4,654,640
Current assets
Debtors 19 116,245 38,741
Cash at bank and in hand 216,986 480,707
333,231 519,448
Creditors
amounts		 falling due
within one year 21 170,448 158,275
Net current assets 162,783 361,173
Total assets less current liabilities 4,672,515 5,015,813
Provisions
Pensions
and similar		 obligations 22 11,000 33,000
Net assets 4,661,515 4,982,813
Funds ofthe charity
Restricted
funds		 105,262 90,504
Unrestricted
funds:
Defined benefit pension reserve (11,000) (33,000)
Other unrestricted income funds 4,567,253 4,925.309
Total unrestricted funds 4,556,253 4,892,309
Total charity funds 24 4,661,515 4,982,813

2022 2021
f. F
Cash flows from operating
activities
Net expenditure (331,298) (213,518)
Adjustments
for:
Depreciation
oftangible
fixed assets		 180,157 115,469
Amortisation
of intangible
assets		 1,320 1,320
Other interest receivable
and similar income		 (224) (2,229)
Changes in:
Trade and other debtors (77,504) 657,915
Trade and other creditors 12,173 96,712
Provisions
and employee
benefits		 (12,000) (22,000)
Cash generated from operations (227,376) 633,669
Interest received 224 2,229
Net cash (used in)/from
operating		 activities (227,152) 635,898
Cash flows from investing
activities
Purchase
oftangible assets		 (36,569) (1,859,141)
Net cash used
in		 investing
activities		 (36,569) (1,859,141)
Net decrease
in		 cash and cash equivalents (263,721) (1,223,243)
Cash and cash equivalents
at beginning		 ofyear 480,707 1,703,950
Cash and cash equivalents
at end ofyear		 216,986 480,707

5. Donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2022
f.
Donations
Donations and appeals 64,386 750 65,136
Grants
Grants receivable 1,000 37,610 38,610
65,386 38,360 103,746
Unrestricted Restricted Total Funds
Funds Funds 2021
F
Donations
Donations and appeals 66,658 750 67,408
Grants
Grants receivable 286 69,600 69,886
66,944 70,350 137,294
6. Charitable activities
Unrestricted Restricted Total Funds
Funds Funds 2022
f.
Fees 1,098,740 2,240 1,100,980
Sabbaticals 12,309 12,309
1,111,049 2,240 1,113,289
Unrestricted Restricted Total Funds
Funds Funds 2021
F
Fees 1,203,643 3,360 1,207,003
Sabbaticals
1,203,643 3,360 1,207,003

7. Other trading Other trading Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
F f. F F
Conference income 78,444 78,444 1,645 1,645
Rental income 184,019 184,019 84,727 84,727
Catering income 77,817 77,817 4,066 4,066
Other income 25,078 25,078 118,494 118,494
365,358 365,358 208,932 208,932
8. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
f. F F
Bank interest receivable 224 224 2,229 2,229
9. Costs of raising donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
F F
Development office costs 45,718 45,718 49,673 49,673
10. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2022
F f.
Operation of theological college and provision ofstaff
and student housing 1,558,078 25,842 1,583,920
Support costs 284,277 284,277
1,842,355 25,842 1,868,197
Unrestricted Restricted Total Funds
Funds Funds 2021
F F
Operation of theological college and provision ofstaff
and student housing 1,428,914 26,299 1,455,213
Support costs 264,090 264,090
1,693,004 26,299 1,719,303

11. Expenditure on charitab le
a		 ctivities
by activity ty		 pe
Activities
undertaken Support Total funds
directly costs 2022
F
Operation
oftheological		 college and
provision
of		 staff and student housing 1,583,920 277,002 1,860,922
Governance costs 7,275 7,275
1,583,920 284,277 1,868,197
Activities
undertaken Support Total funds
directly costs 2021
Operation
oftheological		 college and
provision
of		 staff and student housing 1,455,213 257,910 1,713,123
Governance costs 6,180 6,180
1,455,213 264,090 1,719,303
12. Analysis of support costs
Total 2022 Total 2021
F
Wages and salaries 146,890 159,799
Employer's NIC 14,798 15,052
Pension costs 14,571 15,880
Audit fees 7,276 6,180
Communication
costs		 41,259 15,378
Finance fees 5,334 4,376
Admin costs 25,280 18,296
Reception costs 8,103 6,884
ITcosts 20,766 22,245
284,277 264,090
13. Net expenditure
Net expenditure
is stated		 after charging/(crediting):
2022 2021
F
Amortisation of intangible assets 1,320 1,320
Depreciation oftangible fixed assets 180,157 115,469
Foreign exchange differences (943) 3,762

2022 2021
f. F
7,276 6,180

2022 2021
F
Wages and salaries 913,215 912,554
Social security costs 78,095 75,909
Employer contributions to pension plans 117,404 118,675
1,108,714 1,107,138


full-time
equivalent
employees
during
the ye
ar is analysed as follows:
2022 2021
No. No.
Academic 14 14
Administration 4 5
Catering 5 4
Domestic 3 4
Premises 1 1
RLM 2 2
Development 1 1
30 31

Intangible assets
Cloud based
intangible
server
f.
Cost
At 1 August 2021 and 31July 2022 5,280
Amortisation
At 1 August 2021 2,750
Charge for the year 1,320
At 31July 2022 4,070
Carrying
amount
At 31July 2022 1,210
At 31 July 2021 2,530

Tangible fixed assets
Freehold Fixtures and
property fittings Total
Cost
At 1 August 2021 5,559,500 707,562 6,267,062
Additions 24,675 11,894 36,569
At 31July 2022 5,584,175 719,456 6,303,631
Depreciation
At 1 August 2021 1,084,411 530,541 1,614,952
Charge for the year 148,880 31,277 180,157
At 31July 2022 1,233,291 561,818 1,795,109
Carrying
amount
At 31July 2022 4,350,884 157,638 4,508,522
At 31 July 2021 4,475,089 177,021 4,652,110

19. Debtors
2022 2021
f. F
Trade debtors 64,589 21,420
Prepayments and accrued income 48,400 14,652
Other debtors 3,256 2,669
116,245 38,741
The debtors above include the following amounts falling due after more than one year:
2022 2021
f. F
Trade debtors 15,500
20. Cash and cash equivalents
Cash and cash equivalents comprise the following:
2022 2021
F
Cash at bank and in hand 187,394 451,249
Short-term
deposits		 29,592 29,458
216,986 480,707
21. Creditors: amounts falling due within one year
2022 2021
f. F
Trade creditors 25,944 1,312
Accruals and deferred income 110,541 130,056
Social security and other taxes 22,397 20,798
Other creditors 11,566 6,109
170,448 158,275
22. Provisions
Pensions
and similar
obligations
At 1 August 2021 33,000
Deficit contributions paid (12,000)
Other movements (10,000)
At 31July 2022 11,000

out in t he tab le below.
January 2018to January 2021to
December 2020 December 2022
Deficit repair contributions 11.9% 7.1%
iability. The movem
below.		 ent
in the balance sheet liability over 2020		 and ov er 2021 is set out in the table
2021 2020
F
Balance sheet liability at 1 January 33,000 50,000
Deficit contribution paid (12,000) (22,000)
Remaining
change		 to the balance sheet liability* (recognised in
SoFA) (10,000) 5,000
Balance sheet liability at 31 December 11,000 33,000
recovery
plan are already
know		 n.
December December December
2021 2020 2019
Discount rate 0.0% pa 0.2% pa 1.1%pa
Price inflation
Increase to total		 n/a
-1.5%pa		 3.1%pa
1.6% pa		 2.8% pa
1.3%pa
pensionable
payroll

At Gains and At
1 Aug 2021 Income Expenditure Transfers losses 31Jul 2022
F F F F F F
Premises fund 4,650,791 (144,909) 4,505,882
Property
improvement and
maintenance fund 7,431 280 (6,457) 1,254
Annual fund 8,282 59,579 (66,634) 1,227
UK Bursary fund 13,175 4,325 (3,250) 14,250
Overseas Bursary
fund 4,195 863 5,058
Student Aid 7,228 350 (463) 7,115
Pension Reserve (33,000) 12,000 10,000 (11,000)
Special Initiatives
fund 2,818 (2,818)
General fund 231,389 1,476,620 (1,893,542) 218,000 32,467
4,892,309 1,542,017 (1,888,073) 10,000 4,556,253
At Gains and At
1 Aug 2020 Income Expenditure Transfers losses 31 Jul 2021
F F F F F
Premises fund 2,908,438 1,742,353 4,650,791
Property
improvement and
maintenance fund 4,444 14,630 (11,643) 7,431
Annual fund 61,886 48,371 (101,975) 8,282
UK Bursary fund 12,776 1,649 (1,250) 13,175
Overseas Bursary
fund 3,150 1,050 (5) 4,195
Student Aid 7,228 7,228
Pension Reserve (50,000) 22,000 (5,000) (33,000)
Special Initiatives
fund 1,173,283 (59,811) (1,110,654) 2,818
General fund 331,985 1,416,048 (1,703,611) 186,967 231,389
4,453,190 1,481,748 (1,742,677) 705,048 (5,000) 4,892,309

At Gains and At
1 Aug 2021 Income Expenditure Transfers losses 31Jul 2022
E F F F
Endowment fund 37,180 37,180
UK Bursary fund 43,725 37,610 (22,500) 58,835
Overseas Bursary
fund
Development
fund
Newbigin Centre 9,599 2,990 (3,342) 9,247
90,504 40,600 (25,842) 105,262
At Gains and At
1 Aug 2020 Income Expenditure Transfers losses 31 Jul 2021
F F F
Endowment fund 37,180 37,180
UK Bursary fund 22,725 40,500 (19,500) 43,725
Overseas Bursary
fund 3,495 (3,495)
Development
fund 675,948 29,100 (705,048)
Newbigin Centre 8,793 4,110 (3,304) 9,599
748,141 73,710 (26,299) (705,048) 90,504

Analysis of net assets between fund s
Unrestricted Restricted Total Funds
Funds Funds 2022
f.
Intangible assets 1,210 1,210
Tangible fixed assets 4,508,522 4,508,522
Current assets 57,521 105,262 162,783
Provisions (11,000) (11,000)
Net assets 4,556,253 105,262 4,661,515
Unrestricted Restricted Total Funds
Funds Funds 2021
Intangible assets 2,530 2,530
Tangible fixed assets 4,652,110 4,652,110
Current assets 270,669 90,504 361,173
Provisions (33,000) (33,000)
Net assets 4,892,309 90,504 4,982,813

26. Analysis ofchanges ofchanges ofchanges in net debt
At At
1 Aug 2021 Cash flows 31Jul 2022
E f.
Cash at bank and in hand 480,707 (263,721) 216,986
27. Operating lease commitments
The total future minimum lease payments under non-cancellable operating leases are as follows:
2022 2021
F
Not later than 1 year 36,762 32,568
Later than 1 year and not later than 5years 68,196 11,790
104,958 44,358