TYNDALE HOUSE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023 •ACIPIC60* 1911212023 COMPANIES HOUSE A14
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TYNDALE HOUSE FOR THE YEAR ENDED 30 APRIL 2023 CONTENTS Page Information Truslws, Report 2-10 Report of the Ind•pend?nl Audltors Statement of Financlal Activiti•s 15 Balance Sheet 16 Statement of Cash Flows 17 Accounting Policl•s 16-19 Notes to the Financlal Statements 20-27
TYNDALE HOUSE INFORMATION FOR THE YEAR ENDED 30 APRIL 2023 Charity no 1161396 Company no 09437542 Current trustees Mr K Binlley Mrs S Davi85-Scourfiekl Rèv Dr A Donald Dr S Jenkins Mr D K Laing Dr D J Maclean Dr S Moore Professor J Wyatt Leadershlp team Di P Williams Mr S Syke5 Dr D Jongkind Mrs A Stevens Dr N Harrison Registered Office and Prfncipal Address 36 Sefvryn Gardens Cambridge CB3 9BA Auditors Chater Allan LLP 7 Quy Court Colliers Lane SIDWU-auY CB25 9AU
TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2023 The trustees of Tynda House present their trustees, report together wih the financial slalements of the charity for Ihe year ended 30 April 2023. which are also prepared to meet ihe requirements lor a dire¢lors' report and aeeounls for Companie5 Act purposes. The financkil statements comply with the Charities Act 2011. CoMpanS Act 2006, the Mernorandum and Arti¢lès of Association, and the Ac¢ounting and Reportiny by Chanb'ès.. Statement ol Recommended Pra¢ti¢e appli¢able to ¢harilies preparing their a¢¢ounls in a¢¢ordance with the Finanaal Reporting Standard applKable in the UK and RepubliG of Ireland {FRS 1021 ltrfferli 1 January 20191. Governlng do¢um•nt Tyndale House is 8 Mparty limited by gvaranlee. governed by ils Memorandvm and Articles ol Association and w85 IOrporated on 12 February 2015. It is registered as a charrty wlh the Charity Commission for England and Wales. charity numbef 11613%. Dlrectors and trustees The directors of the charilable ccffipany {the chartyl are ils tru51ees for the purpose of Charity law. Th Iruslees serving during the year and sirKe 30 April 2022 were as follThv5: Mi K Bintlèy Ichaimianl Mrs S Davres-scourf1d Rev Dr A Donald Dr S Jenkin5 Mr D Laing Dr D J MacLean Dr S Moore (appointed 22 June 20231 Dr D Slran9e (resigned 22 September 2022) Prcf J Wyatt The trustees would like lo expre55 their thanks to Dr Dan Strange for his serwce as a director ol Tyndale House and for hi$ prtvious servKe a5 a rnernr of the Tyndale House Council prior to the establishment of Tyndale House as an irKIndent charity in 2015. Leadershlp Team Dr P William5 Dr D Jongkind Mr S Sykes Mrs A Stevens Dr N Harrison Principal and Chief Exe¢uiNe Olficer Ac?JeM Vice Principal Principal for Operab"ons and Partnerships Director of Engagernent Director of Fnce and IT (appointed 06 October 2022)
TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2023 Objectlv•s and prfn¢lpal actlvities The objects of the charity are.. "To advance the EvangelKal chriStn Relu[. in partKular (but "IhOUl limrf81Th1) thrtW9h promott'ng bibli¢al scholarship artl $41¢." Tyndale House aim5 to fu11 these objeth by gr¢)wng an international resèarch community that presents the value of the Bible al the hb3he51 aGadern level. We use our researth to rèsource th8 Church lo understand and trust the Bibl?. and lo pirynole informed attiludes lo the Bible in the wKl•r world. Our library houses a dynamic academic hub that specialises in Bible L4n9uages. Bibk manUripts and Ihe 8ncienl world. and offers one of the worbJ'5 leading collect$ of resear¢h materials for biblical studies.11 brings together outstanding Christian scholars from around the globe to untjertake rigorous and innovative bikAical hOlarShip and communicate it in an accessible and engaging Way. The 8ctsvitie$ of Tyn¢Jale House lal into four primary Sphe." Recruit.. idenlty"rttJ the leading evangelical Bible scholars of lomorrtr4V from xross the world and resourcing them to excel in their academ field. R•sourc•: equipping research8rs with a world-lèading collection of materiaL8 and supporting ihem lo collaborate with a¢ademic colleagues across the globe to advance Bible under$tsnding. R•$earch: undertaking large-scale wAdern projects that expand public knowledge of Bible languages, Bible manuscripts and the ancient w¢ykl. R¢a¢h Out: ¢Jissemin8ting our rese¥¢h in a way that engages the Church the wider wodd. Tyndale House is mindful of the Charity Commission's guidance on puL4ic benefit and has embraced this fully in all aspects of ihe work of the organisats'on.
TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2023 Achlov•ments and perfomi•n¢t Recrult To 11 p(enlto1 scholars who gmbLyty Tyndalg H(wse Guidity Principbs. to nurture swrilual fomp8lion, lo foslgrac8demic excellence and to tscditate academic coll8borat)n. We hosted 36 Majofity wj Scholars through our Inlemational Scholars Programme and our partnership with Lan9ham Ministh"es. This tepsented 16% 01 the lotsl number$ of scholars who carried out research at Tyndale House. This group included a team of four Rmianian scholars who worked on the prophetic books of the Okl Testament for a Bit4e transLation project. a group ol eighf Greek scholars who were working on a shared projecl and individuals from Argenlina, Brazil. Democratic Republ¢ of the Cong0. Oominican Republic. Egypt. Elhiowa. Hungary. India, Indonesia. Lilhuano, Madagascar. Nvjeria, South Alr and 0VakIa. Within this group. 14 sGholars were working on PhD$. 72 were senior s¢holars wothin9 on post4aocltsral proie¢ts and the rernainin9 schoiafs were graduates who We ¢gnsidering pursuing a PhD in biblical studies or a related Rgsour¢• To proVe focused academic maleri81s for biblKal scIaTrh. and an envKonn7enl that nurtures exc$llenl indrvKrfual ènd colloborati¥e research. 233 S¢holars from forty countries caffied out iesearch in the Tyndale House library thJring the year, which presenied over 2.000 weeks of rese8r¢h. The average kngth of visrf( was nine week5. 45% of Scholars were working at posl-dectoral level. with average v1511s of seven weeks. Typul aclwilies would include writing Bible commentaries, publishing a thèsis or writing scholarty artides. 27% gf scholars were working al PhD level, with average visits of 17 weeks. The remaintng 27% were short term w$itors induding undergraduate students. church leaders and Intested members of the general public who were working on preparing semon series. study assignments or seeking to further their understanding of the Bible. We maintained high ¥81S of satisfaction from those carrying out rgsearch at Tynda House. Our exil survey has a maximurn score of 5. The average scores were as fdlows. 4.9 for feeling welcomed al Tyndale House. 4.8 for the quality of the lthrary colkction. 4.6 lor the quabty of the xc0rnmoda1n and 4.6 for the helpfukness of library staff. In preparalion for the construth.on of a TeFlacemenl library buihding. we Completed the iefvrbishmfrnl of the ground floor public areas of our 1908 House by inslalling esSIble toilets and upgrading ground fk)or offre acc¢)mmodatson. This will enable us to ¢ontinue to welcome scholars and other vi51tors to our 51te during the period when we are ¢on5tructing a new library buihging as our current publ toith are housed within our existing library building. Our plans to bLbibJ a IknTary are wo9res$in9. Plans weTe drawn up to enable us to engage wth a prevapplub.on proces5.
TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2023 Ae¥eor¢h To expand human knowledge of God and his word. To pioneer ¢ollal)oralwe ademiC woth in areas or biblical sclh)latship that resourc• the Ch1) and challenge the vnrtd. Research on the Greek New Testament continued and we appointed ore full time resear¢h aSSOGiale and one part-time research assistant. The team have been workirKJ to produce a second edition of the Greek New Testament, paying partTcular attention to the sludy of text41elimitations in der lo show hc paragraphing and other delimitalions were applied and used in Ihe layout of the earliest manuscripts. D Dirk Jongkind published a chapter on scribal habits in a fe5tsGhrfft for Jame5 Rose. The Codex Climaci Rescriptus ICCR) Prqecl entered ils final stage. Dr Peter Williams. in cr41aratiDn with other a¢ademr¢5. published an arlicle irtr the Journal for the History ol Aslrortomy announcin9 the recovery of the earlst survwin9 Grek astronomical coordinates in the CCR. Dr Peter Malik has p¢Jblished articles looking ai Gk Old and New Testament material in the CCR. Dr Kim Phillips has continued to work on the material relatin9 to Ihe Aramaic material which will be published as artiCS and in a book. Dr George Heath-whyte joined the slaff as a Resear¢h Associate and member of the Old Testameftl team. He published hi5 thesi5 whh consKlered pattems of Babylonian lrfe in the 6 Century through the data supplied by legal tablets held in prFvate ar¢hives. Dr Robert Marineau. a Hrttit¢logist. was seconded from the American Friends of Tyndale House (US entity) to SUFVOrt thè project. Dr Calèb Howard published two articles ¢onsidering Amorite GUIre and names. Tyndale House academic 51aff delivered papers at Ihe European Leadership Forum (Junè 2022), the Evangelical Theological Society Conference (November 20221 and the soCty of Biblical Literatur? Confèrencè (November 2022}. Three members of staff had ieachirq roles wthin the University ol Cambridge. Tyndale Fellowship The Tyndale Fellowship h&ld ils annual conference in June 2022 with over 140 delegates attending. The six discipline-based study groups". Bibltsl Archaeology. Biblical Theokn9y. Christian Doctrine, New Testament, Old Testament and Phibsophy of Religion held kntures on the latest schoLarty dev$l¢ymenls and discussn in their areas of interest. Tyndale House has 18alilated the formation 01 8 new charty to Continue the aetivities of the Tyndale Fellowship Whic has become an independenl stholarfy socièty govèmed by its membeT5. The charity was Official launchèd in Novemter 2022 in that name an(1 warm relation5 Gonlinue io be maintained beeen the in(kpendent organisatKJns. Tyftdale Bulletift The Tyndale Bulkts"n academic joumal continues to be published as a fu¥y oprtrcess digital jOUTnal, with artides published on a rolling*a5is, alongside an annual print edrt.
TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2023 Rea¢h Out To equip the Church and wIderpubl to under5tsnd and trust the 81148 mNe. To pmmote Tyndale House as a reliable soutre ol inl¢Nm8h"on atut Ihe Bible. Tyndale House produced introductory vhdeos for social media. our website and external speaking events. to succinctty explain whal Tyndale House is and does. Website funclionalty wa5 UP9raaed lo improve acces5 to our digital artdes. We produced c¢nlent within Instagram, adapb.ng web artic5 as Insta9ram posts and produ¢ing Ree15 (short wde051 ut Ihe Btsltr manuscripts. Bible langua9$$ an(J the ancient world. In September 2022 we appointed a Felkhv for PutAK engagemenL This role has enabkd us to run a greater number of speaking events. than in prewous years. around the UK for members of th¢ 9eneral public and ¢hur¢h workers. Addib"tsn31ty. this post has also f8eilrtated a regular training programme lo teach doctoral students ¢ommunicatron skills and the deYek)pment of an ass¢xiate writers programme to teach recently qualrfied academics how to write for a popular audience. Academ¢ staff have ¢ontributed to a wide ran9e of in person on4ine speaking events in additlon lo podcasts. Aeknowledgements When loc&ing at the achievements of Tyndale House over the previous year. we are grateful to God and grateful tQ gur sup6)0rtgrs for thoir prayers and financial generosity. We give thanks lo God lor all ol those who carry out raseafch at Tyrwjale House. for their famils and for our dei1rAled and harthvorkin9 stsff. Future Plans Tyndale House plans to coft$truct a replacement library building. subject to planning approval. The new building wll double the library space and offer enhanced study and mètrtsng space to enable it lo beller devèlop and communicate Ihe imPnce of biblal scholar$hip and research finding5 in thi$ area. During the construction period. which is expected to last for around 18 months. temporary library &paGe and study Space will be made available to minimtse disruptTrC•n to research xliwt*s. We plan to conlinue lo support scholars from the Majority World during Ihis period. Our curienl Old and New Testsmenl research projects will continue their ongoing work and we pLan to expand our communi¢al)trns 8¢tivrtie$. We will be looking to purchase #ddibonal residential lamity a¢¢ommodalion lo enable more scholars lo eomplete PhDs in bibli¢al studies and to gain post4c¢toral resear¢h experpnce.
TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2023 Stru¢ture, go¥•rnan¢• and mana9•ment Appointm•nt and Induetlon of tru¥tfjes Trustees are appointed. and Can be reappointed. on a defined rotalK*nal basis, in a¢cordance with the Articles of A5sociatson. New Iruslees a piov¥Jed with a suitable indudion into ¢harity's objects and ways of workiro from a governance perspective. The pro¢edures and training in place for new trustees are a5 folhThvs'. Beforo being appointed. each prosptrcbve trustee is irt1ed to attend a l)oaTd meeting as an observer and to meet with key mana9emenl staff. Careful evaluaiion of all ltential rth¥ appointrnenls ts madg. to understand their skills. knowledge. and rdevant exprien¢e. and the Contribution they would make to the Board of Tiustees. New trustees are inducled to give them an understanding of the charitys obj'ects and way5 of working from a govèrnance perspe¢b"ve. Prior to 8ppointmenl they receive the folbwing documents.. The Essential Twstee- What You Need lo Know (published by the Charity CommissKJnl A copy of the Tyndale House Memorandum and Artieles ol Associath)n A copy tsf Tyndale House doctrinal basis and ethos statement whth Ihey are required lo sign on appointmtnt and on re-aPP(Mntment if their tru5leeship is extended A copy of the latest audited financrdl statement$ Access to a repository containing Strate9ic pknning documenl8ts"on. pokies and other pertinent materials Oryanisation The Board of Twstees. whi¢h Can have up to 11 members. administers the charity. 11 usualty meets quarterty to set policy and review Ihe actiwb.es of the chaTbty. Various member5 of staff TDulinely attend board meetings. These include Principal. the Acadèmic Vice Pnneipal, the Principal for Operations and Partnerships, and the Director of Engagement and the Dirèctor of Finance and IT. Th¢ Principal, who acts a5 chief execub.ve officef, is app)inted by the trustees to lead the day-ltrday operations of the Charity. He is assisted by the Academic Vice Principal. Ihe VI Pfin¢ipal fof Operations and Partnerships. the Direclor ol Er4Jagemenl and the Director of Finance and IT. The Board of Trustees has hwo committees. The Academic Committee provides oversvJht of academic programme5 and appointhients, and the Busines5 Crynmittee provths oVersht of business and financial decisions. Tyndale Fdlowship was until Novanber 2022 an academic society operated by Tyndale House wilh membership open to bona fide scholars who he lo the Tyndale House doctrinal basis and formed a part of the bibli¢81 research activilies of Tyndale House. Since November 2022 those activiti'es are Conducted by an independent charity registered under Ihe same name.
TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2023 Flnanclal revlew AI 30 April 2023 the nel assets of the ¢h¥rty totalw £13,099,158 made up as folk)ws'. Restricled Funds £486,987 Designated Funds £11,915.970 Unieslricled General Funds £696,201 The year saw a nel incre85e in lolal fund5 of £7.499.027. This comprises a drease in unrestricted general fund5 of £109.412. an increase in designated lund5 of £7,887.146 and a dKreasg in rèstricted funds of £27B.707. Further detsi15 of the movements on designated and re$tri¢ted funds a19 shown in Note5 12 and 13 of the finanGi81 statements. The principal funding sovr¢e during the year continued to be donation InMe from charitable bodies and individu81s. The donations during the year have increased signrficandy Irorn the prior year as a result of one Signifan1 donation fTcn an individual. The donation was unresiricted and the board has Iransferre(J an equivalent amount io the pryty fund io be used in the ¢onslnJction of the new library. We were encouraged that income from library lees and propety rentals in¢reased signrficantly this year as the activities in the library have lulty re¢overed after the CO¥19 parm¢. Expenditure has increased from that of the previous year, which has prTharity been drwen by an inuease in staff costs due to an increase in both research and operatsonal staff. The balance on the Old Testament Project and the balance on th8 Courag8ous S¢holars Fund (both Restricted Funds) are expected to expended ovèr thè nèxt two ar$. Rèmun•iatlon polley It is the charity's policy lo review salarS on an annual basis. Any proposed pay in¢rease is based on a range of indic&s ind¢Jding the Relail Pri¢e Index and the Consumer Price Index bul is also dependent on the charity's financial position. This per¢entage pay increase is recommended as part of the Ixjdyel process and this is then discussed. reviewed and approved by the trustees. In addition to salary and employee pension, the charity provhdes dea[lISerVIce lrfe assurance cover for all staff. Salary ben¢hmarking foi certain roles is carrd out on a pari0d ba*s as ¢(1)mened by the trustees.
TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2023 Flnanclal review {corrtinued) Risk man¥g•mgnt and prin¢ipo1 rSsks The Iruslèès have exarined the major strategi¢. business and operatsonal risks that the charty faces and have established pr¢¢edures for regular rèview and reporting so that Ihe necessary steps can be taken lo lessen them. The risks and TTiiligab"ng a¢b"on5 are Set out in a detsikd risk regrster, which is revied by the Irustoo$ on at l$a$l an annual basts. The key risk5 are those which could affect our financial position or fundraising wabi1"eS and include". Dependency upon a relativety small group of key donor5 for the majority of our dOnan income Loss of key members ol staff. Investmenl policy The trLJStees have considered the most appropnale policy for investing surplus funds and have found that deposrt accounts are the most suitable investment Vehic at the present timè but thi8 is kept under review th the benefit ol professional advice. Rgserves poli¢y The trustees recognise that reserves are needed in order to ensure th the difference beeen the spending and receiving of income. unexpected flUctuatnS in income and unplanned expendrture do not have a detrimental effect on the continuing work of the challty. The charity's reserves al 30 April 2023 which are more ful defined and describe(l in Notss 11, 12 and 13 to the Financial Statements Comprised.. Restricte(l Funds hekj for pUoseS specffied by the donors- £486,987. Designaled Funds, whKh are unrestricted funds held and appld for areas ol the Chari$ luture work specrfied by the trustees plus Ihe Fixed Asset Fund which holds the value of reserves that equate to the net book value ol the chanty's tangible fixed assets- £11.915,970. General Funds which represent the remaining funds and equate lo the free reserves of the charity - £696,201. The trustees have adopted a policy that the free reserves of the charity shoukj al any lime be sufficient lo cover its budgeted operating ¢05ts Iwhi¢h are nol funded frorn Reslricled or Designated Funds) for 12 weeks. At 30 April 2023 the fm reserves totslled £696.201 compared to a required balance of £250,000 based on the 202&24 budget so the r8quii&ments of Ihe polty Te satisfied. Given Ihe ongoing econom un¢ertaints an¢ the trustees pians lo continue wifh major refurbishrnent and building maintenance projects. the truslees consider rt approprkate to carry this level of free reserves.
TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2023 Statement of trustees, rospon$5bilitle¥ The charity trustees Ivtho are aso directorn of Tyndale House for the purposes of company lawl are responsible for preparing a tru$tees' annual reFQrt and finanoal statements in accordance with applicable law and United Kingd¢)m Accounting Standards (Uniled Kingdom Generalty ApIed Accounting Praclicel. Company law requirès the charity trustees to prepare financial stslements for èach year which give a true and fair view of the Stste of affairs 0¢ the charilabie company and of the inGoming resouTCeS and appli¢ation of resources, including Ihe income and e¥pendilure. for that perKJd. In prerIng tho financial ststements, the trustees a wuirèd to". Select suitable accounting wliGvès and then appty them ronsislgnlty". Observe the methods and principles in the Charities SORP". Make judgements and ests'mates that are responsible and prudent., State whether applicable UK accounting stsndards have been folbwed, subject to any material departures disclosed and explained in th¢ financkal ststements. Prepare the financ1 statements on the goin9 concern basi$ unless it 1$ inappropriate to presume that the charty wll continue in owaty"on. The trustees are responsible ftsr keeping proper acctsuntr.ng records thai disclosè wth reasonable accuracy at any time the financial position of thè charity and which enab them to ascertain the financial position of Ihe charity and to enable them to ensure that the financial statements compty th applicable law. They are also rèsponsible for safeguarding the assets ol the chanty and hence for taking reasonable steps lor the prevention and deto¢lion ol fraud and other irregulaTib"es. Statem•nt as to disclosu to our auditors In so far as the trustees are aware the is no relevant audit information of wh¢¢h the charity's auditors are unaware, and they have taken all the steps that they OLFght to have tsktrn as tru$tee$ in order to make themselves aware of any relevanl audrt information and to estsblish that the charitys auditr*rs are awar¢ of that information. and they have made such enquirE5 of their feuow trustees and of the charity's auditors for that purpose. and taken such other sleps Irf any) for thal purpose. as required by their duty as trustees of the charity to exercise due carè. skill and diligence. By order of the Board of Trustees. Mr K Bintley Chairman Date.. 14 D8cember 2023 10
TYNOALE HOUSE REPORT OF THE INDEPENDENT AUDITORS TO THE BOARD OF TRUSTEES Opinion We have audited the financial statements of Tyn¢Jale House {Ihe 'charitabJe companll for the year ended 30 April 2023 which ¢omwise the statement of financial actNtties (IncdIng Incorne and expenditurè accounll. the balance sheet. stslernent of cash fl¢w and the reLated notes, including a summary of significant accounb"n9 pol1?$. The financial repL)rtin9 framework thal has bèen applied in thwr preparation is appltsblè law and Uniteé Kingdom Accountin9 Slandards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK an(1 Republi¢ of Ireland (Unrted Kingdom Generally Accepted Accounts"ng Practs"cel. In our opinion the financi* statements.. gwe 8 true and fair v1 of the stale of the charitable companls affairs as at 30 April 2023 of the charitable ¢ompanl5 surplus lor the year then ended: have been property prepared in &cordance with United lQ"ngtSJn Generalty Accepted Accounting Practice., have been prepwed in accordance with the requirements of the Companies Act 2006. Basis for oplnitsn We conducted our audit in accordance with Intemational Standards on Audiling {UKI (ISAS IUKII and applicable law. Our responsibilities under those stan¢Jards are fUrtr described in the Auditor's responsibilrties for the audrt of ihe financial statements seCtn of our rèport. We are independent of the charitable company in accofdance with the ethical requirements that are relevant to our audit of Ihe rinancial statements in the UK induding Ihe FRC'$ Ethical Stan¢Jard. and we have fuWJlled our other ethical responsIlitieS in accordance wrth these requirements. We believe that the audit eviden¢e we have obtained 15 sufficient and appropriate to provKle a basis for our opinn. Conclusions relatlng to go5ng eon¢8m We have nothing to report in Spe¢t of the folljwng matter5 in relab.on lo which the ISAS IUKI require us lo report to you Whe.. the InJstQQs' of the going concern of anting in the preparation of Ihg financial statèments is not appyoprrate." or the trustees have not dis¢105ed in the financial statements any identrfied material un¢ertaints"e$ that may cast Slgnificant doubt about the chantable cempanws ability lo continue lo a¢Jopl the going concern basis of accounting for a per of at least efve months from the date when the financial slafements are authorisèd for issue. Other inforniation The trustees are restx)nsible for the olher infom)ation. The other information compnses the infom)ation included in thè annual report, olher than the financial stalernents and our auditor's report thereon. Our opinion on the financial statements d$ not cover the other information and, excepl lo the extent 01heiSe expl1t stated in our repon. we do not express any fomi of assurance Condu$ theofi. 11
TYNDALE HOUSE REPORT OF THE INOEPENDENT AUDITORS TO THE BOARD OF TRUSTEES Other Informatton (contlnued) In connection with our audit of the finanual slatements, our responsibility is to read the other infomation and, in th)ing so, corisider whether the other information is malerk71ty inconsislenl wilh the hnan¢ial statemenls or our knowledge obtained in the audit or otheThwise appears to be materialty m155tsted. If we idèntify such malefial inconsistencS or appant material misstalements. we are required lo detemiine whether tt)ere is a material mtsstatemenl In the financial statements or a material misstatement of the olher information. If. based on the work we have performed. we ¢onclLKle Ihal the is a matèrial mi$statem$nl of thi5 Othgr lnfowmatie, we are required lo report that facL We ha nothing lo reFQrt in thi5 regard. Oplnion on oth•r mattor prnscfib•d by tho Companies Act 2006 In our opinion. based on the work undertaken in the course of the audrt.. the inf¢ymabon gNeri in Ihe Trustees. rep)rt for the financial year for wt)ich the financkil statements are prepared is consistent wrth the financial ststernents.. and the Twslees. reF¥Xt has been prepared in accordance with applicable18gal requ1mentS. PAatters on which w• arg lo required to report by exc•ption In the light of our knOwdge and understandin9 of the chantable company and its environment obtsined in the course of the audit we have not identrfied material misstatements in the Trustees, report. We have nothin9 to report in resFect of the following matters in relab.on to whith the Companies Act 2006 requires us to report to you rf. in our opinion.. adequate accounting iecords have not en kept by the charrtable company. or returns adequate for our audit have not been received from bfanch¢s not visitÈd. Of the charitable company financial slatemen15 are not in agreement with the accounting records and returns,. or certain disclosuS ol trustee's reMUneraln specified by I are not made: or we ha not receivtd 1 the information and explanatron require for our audi(,. or the trustees were not entided lo wepare the financial Statements in accordance with the small fegime and take advaniage of the small companies, exemplnS in preparing the Trustees. rèport and from the requirement to prepare a Slralegi¢ ReFQrt. 12
TYNDALE HOUSE REPORT OF THE INDEPENDENT AUDITORS TO THE BOARD OF TRUSTEES R•sp0n$ibili•S ol trust••s As exained morè fully in the trustees. responsibilities statement, Ihe trustees ale responsible for the preparation of the financial ststements and fof being saijsfied that they give a true and fair view. and lor such internal contrtsl as the truslees detemiine Is necessary lo enable the preparalKJn ol financial $tatemn¢s that are free material misstst8ment. whethèr lo fraud or errof. In preparing the financial statements. the trustees are responsib for assessing the charitable companys ability to continuè as a 90ing ¢oncern, discbsing. a$ aOi¢able. mattars related to gjing concem and using the going concern bags ol accounting unle$$ the tru$tee5 erthèr intend to Iw4uidate the chariiable ompany or to cease operations. w have no realisti¢ altemative l)yl to do $0. Auditorf$ responsSblliti•s forthe audlt of the fln•n¢ial statom•nts OUT objectives are to obtain reasonaAe assurance about vthether the financial statements as a whole are free Irom material misstatement. whefher due to fraud or error, an¢J to issue an audrtorfs report thal includes our r>pinion. ReasonatrAe assurance is a high level of assurance, but is not a guarantee that an audit conducted in ae¢ordancè wrth ISA5 IUKI will ahvays ¢fetect a materlal mtsslalement whèn il exists. Misstatemènts can arise from fraud or error an¢J are con5bYered matenal rf, individualfy or in the aggregate, Ihey could reasonabfy be expected to inlluence the economi¢ decisK)ns of users tak&n on the basis ol these financial 5tatemenis. Irwulariti"es, inelud4.ng fraud. are $tanCeS of non•compliance with laws and reg¢Jlal)ns. We design procedures in line wrfh our rtspunsile$. outlined above. lo delect malenal MItementS in re5ped of irregularrties. Including fraud. The extent to whth our procedur are ¢apable ol dote¢ling irregularities. iluding fraud is detaile<l below.. We rdentrfied areas of laws and regulatsons that could reastsnab bè exFrtted to have a material effect on the annual financial ststements Irom our general commercial and charitable compgny spe¢ifi¢ experi&n¢e, through di5CU5sion with the Truslees (as required by auditing standards). and from inspection ol the companys fegulatory corrèspondence. and we discussed with the Trustees the policies and procedures regarding complrdnee th laws and regulatitin5. Wè communi¢ated enIrfd laws and regulats.ons throughout our team and remained alert to any indication to non4ompliance throughout the audit.. the audit team are deemed bolh competent *¥J capa)le of Trdentfy"ng ntsTr¢omplian¢e with rule$ and r¢9ulalnS. The potential èffect of these laws and regulations on the annual financial 51alements varies considerably. Firslly. the chantable company is subj'ect to laws and regulations that directty affect the annual financial stslemenls inclvding financial reForting legislation and taxatson legislaiion, and we assessed the extenl of compliance wrth these laws and regulabons as part of our procedures on the related 8nnual account items. Se¢ondty. the charitable company is subject to olher l•s and regulations where the consequences ol non-compliance ¢ould have a material effect on the amount$ or discf05ures in the financial stslemenls. for instance non-¢ornplian¢e with industry regulalions. We assessed the risk of fraud in the financi81 statements through discussion wth management and from our exFerien¢e of the company. We ¢ommunicaied idents.fied fraud nsk areas throughtsul our team and remained alert to any indi¢atitsn of fraud throughout the audit. In particular. we assessed the potential impact of Covid-19 on th& risk of Iraud. We did not identrfy any instan¢e5 01 Iravd during the course of our audit. 13
TYNDALE HOVSE REPORT OF THE INDEPENDENT AVDrroRS TO THE BOARD OF TRUSTEES Audltorfs responsibilitiK forthe audit of the financlal statements Icontinuedl Audi.ng standards limit the required audit Pfocèdures to entify not)-complonce wrth these laws and regulaliot)s lo enquiry of the Trustees and inspeckn.on of regulatory and legal correspondence. il any. Through these procedures, we did not become aware of any actual or suspected non<ompliance with laws and regulations. lo the inher$nt limitation5 of an audit. there 1$ an vnavoKlable risk that we fflay not have ¢Jele¢led sorne matsrial mislalement5 in the financial slalemen15. even though we have propedy planned and performed our audrt in accordance wrth audtb.ng 5tsndard5. We are not responsible ftsr preventing nonrycompliance and cannot be expecled lo delect nOn•comlanCe with all bws and regulations. A further des¢ripts'on of our responsti iSlves for the auth"l of the financial statements 15 lOted on the Financial Reporting Coun¢il's website al w4wW.frc.org.u¥ud1IQr$respon$1bil1ties. Thts des¢ription foms part of our auditor's repofL Use of our report This report is made sole lo the charit*l¢ Crynpan5 member5. 35 a bo¢ty. in accordance with Chapter 3 of Part 16 01 the Companie$ Acl 2006. Our audit work ha$ been undertaken so that Wg mNJhl slate lo the chaiilable company's members Ihose matters wè ale iequirèd to stat$ to them in an auditorfs report and for no othèr purpose. To tre fUls1 exlenl permitted by Law. we do not accept or assume responsibility to anyone other than the company and the company's members as a body. for our audrt work, for this report. or for the opinions we have fomied. Stuart Graham Berriman Isenior Statutory Auditor) For and on beham of Chaier Mlan LLP Chartered Accountants and Statutory Auditors 7 Quy Court Colliers Lane Stow-Cum-Quy CB25 9AU Dal¥.. 15 December 2Q23 14
TYNDALE HOUSE STATEMENT OF FINANCIAL ACTMTIES {In¢luding In¢om¢ and Expendltur¢ ac¢ount} FOR THE YEAR ENDED 30 APRIL 2023 Fund Funds R•styfi¢ted Funds ConUNlng Dlsconunugd Cortlnulng Conlln¥lng Dlxon¢lnu941 20ZJ 2023 2023 202J 2023 TOTAL FUNDS 202Y TOTAL FUNDS 2022 lftcomo from.. Donallons andlegael ts.356.128 136.132 8,494.639 1.410,633 Charitable •ctivitie 275.713 41.Y3 317.724 209.682 21.235 2.682 29.275 7.954 Tatsl incoThv 8.637.199 41.943 21.235 140.882 379 8.841.638 1,628.269 Expenditur on.. R•lslnylunds 41.998 41.99B 34.393 Charltable •¢tivth¥ 769.993 244.193 214.561 1.269.805 1,119.009 Total •xp•ndlEiir• Bl1.991 40.993 244.193 214.%1 65 1.311.803 1.153.402 Plot incorn•ll•xponditur•l 7.825208 (222.9581 173.6791 314 7,529,835 474.867 rranslws beh T[ (7.934.620 501 8.110.104 1174.9951 TrnnsfertD Tyndab F¢lbwslwp 17 130.P4)81 130.8081 N•t movwnont In IndS 1109.4121 7.887.146 1248.6741 130.0331 7.499.027 474.867 R4cDnGillatipn ol ILWth- Furbds brouyht lornard at 1 May 2022 805.613 4.028.824 735,681 30,033 5.600,137 S,12S,264 Funds carrfed forward ai 30 April 2023 6.201 11,915.970 486.987 13.099,158 5,6W.131 The notes on pages 18 to 27 form part of these accounts. 15
TYNDALE HOUSE BALANCE SHEET AS AT 30 APRIL 2023 Co No 09437542 2023 2022 Note Fixed as$•ts Tangible assets 3,280,144 3.184,634 Curront •ssèts Stock Debtors Cash al bank and in hand 828 60.772 9.891.037 9,952,637 915 140,772 2,467,801 2,609,488 Creditorg: amounts falling due withln on• y•ar 10 1133,623) 1193,9911 N•t eurr¢nt ass•ts 9.819.014 2.415,497 Net assets 13.099.158 5.600,131 The funds olthe charty: Unrestricted general fund 11 696,201 805,613 Desynatad funds 12 11,915.970 4,028.824 Restricted funds 13 486.987 765,694 14 13.099.158 5.600,131 The financial statements were approved by the trustses on 14 December 2023 and signed on their beham by.. U-4 Mr K Binlley Chairman The notes on page5 18 to 27 fcffii part of these &counts 16
TYNDALE HOUSE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2023 2023 2022 Note Cash flow5 Iforn Dperating activities Net cash provided byllused inl operatirrfj activities 7.613.726 548.478 Ca$h flow$ from Ift¥1ng a¢tyiti Interest recwved Purchase of tangible fLKed assets N*t cash provided byllu$¢d inl inv6Sting activbll8S 29,275 {219.7651 {203.466} {11,490) 1195.5121 Net cash provld•d byllus•d financing activiUe5 Changè In ¢a$h and ca¥h equivalpnts in the reporting period 7.423.236 352.966 Cash and cash equivalents at tt bpglnnlng of the reporting period 2.467,801 2,114.835 Cash and ¢4Sh equivalents at the end of the r•portln9 p•rlod 9,891.037 2,487.801 RECONCILIATION OF hlET INCOME TO NET CASH FLOW FROM OPERATING ACTivmES 2023 2022 Net incomt for the reporting periodla$ per the SOFAI Adjustments lor.. Inleresl receivable Deprec48tion Lossllpfofit) on sale ol fixed assets ncrèaselldec¥ease in siock Ilncreaselldeerea5e in debtor5 Increa5elldecreasel in creditorg Transfer to Tyndale Fell(ywship Net cash provided by Iused in) gperatlng activittes 7.S29.835 474.867 129.2751 123,296 959 87 80. 160.3681 130.808} 17.954) 117,687 11651 128,1401 17.8171 7,613,726 548.478 . ANALYSIS OF CASH AND CASH EQUIVALENTS 2023 CASHFLOW 202Z Cash at bank and in hand 9.891.037 7.423,236 2.467.801 ,891.037 7,423.236 2.467.801 17
TYNDALE HOUSE ACCOUNTING POLICIES FOR THE YEAR ENDED 30 APRIL 2023 The financi81 stslements have been pfepared in accordance wth Accounting and Reporting by Charities.. Slatement of Recommended Practice appluble to charities preparing their acwunt5 in accordance the Financial Reporting Standard apICable in the UK and Republic of Ireland IFRS 1021120191 (Charities SORP IFRS 102), Ihe Financial Reporting Standard applicable in the UK and Repubhc of Ireland IFRS 1021 and the Companies Act 2. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initsal ecognised at historral cost unless otherwise stated in the relevant accounting policy. The principal accountirhg policies adopled are set out beknv. al Tangible fixed •$8ets Tangible fixed assets are stated at their purchase pri. together wth any incidental expenses ol U151tion to bring the asset into working conditK)n for rts intended use. Depreciath"on 1$ prov*Yèd al rates cakulaled to write off the cost of those assets on a stravJht line over their expeded useful INes. The principal annual rale5 used ale". Computer$ and othef shtyter lrfe equIent Fixlures and fittings Land and buibjings 33% 12.5% 2%-5% bl Incom• Income. induding legaCs. is included on a iecei¥able basis vthh 1he exception of royalties and donations. whh are ac¢ounted for on a received SiS. unbess the donation is committed before the year end and there is reasonable assurance of receipt. ¢) Suppgrt and goveman¢e costs Support cosis are those costs that th not specrfi¢alty relatè to Charrtable a¢lNib"e5 and include 8dmini$tralive staff costs, IT support. generd office and property costs, iirecoverable VAT and governance costs. The basis on which support costs have been all(Kaled lo charitable actNilies are set out in Note 4. Governance cosls comprise all costs involw.ng the public accountabity of the charity and its ¢ompliance with regulation and best practs'ce. These Gosts include external audit and accountancy f&es.legal fees and twstees. expenses. dl R•$tricted and deslgnated funds Income and expenditure lating to restricted antjlor de$ignaled puwp05es are reflected in the Slalemenl of Finan¢ial Activities (SOFAI, with the tesultant nel incomin0Utg0in9 resources thereon being approprialed each year to separate funds in the balance sheeL e) Taxation In acrordance with Section 505 ICTA 1988 there is taxation charge arising fr¢)m the result for the year. 18
TYNDALE HOUSE ACCOUNTING POLICIES FOR THE YEAR ENDED 30 APRIL 2023 Sto¢k Stock relates to merchandising yc4lucts and book$ and 1$ $tated at the lo4ver of cost and net Tealisable value. gl Operatlng l•ase$ Rental charges are charged against income on a straight line basis over the lease term. h} Polley for rncognltlon of Il•blliti•8 AJI expendjfvre is induded in the SOFA in a¢cordan¢e wrth the 8¢¢ruafs cKJncept. A Ik*bilty arises as soon a$ there is a legal or eonstructrve obligatn commrtling the charity to the expendrture. Forel9n ¢urr¢ncy Assets, liabilities, Tevenues and costs eypre5sed rn foreign currencies are tran5kled into sterfing al rates ol exchange ruling on the date on whith transaclTons occur, except for monetary assets alld liabilities which are transL3ted al the fate Nh"ng at the bajance sheet date. l) Debtorn Trade and othei debtors are fecowised at the 5eltlèment amoLJnt due after any tra¢Je discount offered. kl Pon$ion$ All eligible staff are now aut04nro1d into a workplace pension scheme run by The Peoptes Pension in line with the legislation. Tyndalè House makes employer contribution5 t0 the scheme and pension ¢onlribulions payable lo the scheme are charged to the SOFA the peri¢xJ ¢0 whh th relate. 11 Going concern The trustee5 have a reasonable expeclatton that the ¢harty has adequale resouT¢eS lo ¢ontinue in erational exislenGe lof the foreseeable luture and the ¢hanty is well ple lo manage its business fisks. Accordingty they Gontinue to adopt the 90in9 concem basis in prepamg the annual report and accounts. 19
TYNDALE HOUSE NOTES TO THE FINANCIAL STATEhlENTS FOR THE YEAR ENDED 30 APRIL 2023 1. Oonation5 and le9aci•s Unrestrlcted Funds 2023 Oesi8nated Funds 2023 Aestrfrted Fund5 Total Total 2023 2023 2022 Donations Legacies 8.349.624 138.511 8,488,135 6.504 8,494.639 1,410,633 8,356.128 138,511 1,410.633 2. Income from ¢harilable a¢ti¥ili Unrestri¢ted Funds 2023 Desl8nated Funds 2023 Restrirted Funds 2023 Total 2023 Total 2022 Rental income and library fees Conferences and other fees TyThJale Bullelin and othef $ubscriplion$ Other In¢orne 231.028 31,080 231.028 31.080 187.085 6,035 31,438 31.438 25,108 24.110 317.656 24.178 317.724 11.454 209.682 3. Expenditure on charitable activitse¥ Unrestrirted Funds Oe5ignated Funds Re5tri¢ted Funds 2023 Total 2023 Total 2023 2023 2022 Dir salaries and relaled cosls Bursaries and research grants Bulletin costs Book5 and other lijrary ¢)$ts Confeience and event costs Donat lo Tyndale Fellowship Property ¢g$t$ Comtnunicalion5 and re5cNJrces Depreriation Los5 on disposal ol fixed assets Genèral 8xpen5e5 Exthan9e (gain)0$5 Interest and finanrial charges 328.952 97.095 142.622 27.911 568,669 28.856 9.889 97.349 51.072 11,571 121.568 15.588 91,209 959 33,722 110,9931 3,467 1,022.926 41.523 205.356 1,269,80S 459,271 37.128 12.081 89.681 6.685 9.889 68,906 40,773 11.571 116,230 15.188 28.443 6.510 3,789 4.942 158.477 18.420 81.962 91.209 959 2.387 23.596 110.993} 3.467 608.524 29.193 173.269 810.986 7.739 26,050 110,661) 2,461 881.555 25.336 212,118 1.119,009 200.381 11.725 32,087 44.193 214,021 605 Governance costs (Note 51 Support costs INote 41 214,626
TYNDALE PIOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023 Support costs Unrtstricted Dtsi$nat¢d Funds Funds 2023 2023 Restrlrted Funds 2023 Total 2023 Totsl 2022 Admin staff costs Property ¢osts 126,144 4,947 17,776 126,144 4.947 17,776 32,087 9,6 14,706 205.356 100,343 47.988 8,188 35.725 7.432 12,442 212.118 Depreciation Irre¢overable VAT General office costs 32.087 9,6 14,7L 173.269 32.087 Support costs are apportioned based on time spent. head¢ounl or tloor sp3¢è a$ appropnatè. S. Governance costs Unrè#rirted Designated Funds Funds 2023 2023 Restrirted Funds 2023 Total 2023 Total 2022 Salarie$ Audit fee Legal and professional Trustee trKard ¢osls 11,668 6,463 9.936 1.126 29.193 11,668 6,463 22,266 1.126 41,523 8,796 6.835 7,353 2.352 25.336 11,725 605 11.725 605 6. Net income Is stated after chargSng 2023 2022 Depreciation ol ffixed assfjts Audit fe¢$ Auditors other services Operating leases- fjquient 123,296 6,463 6.196 1,163 117.687 6.835 5,384 4,200 7. Employees and $laff costs 2023 2022 Gross wages and salaries Employer's N8tK>nal Insurance Employerfs pension conln"bubons 628,932 56,202 53,883 739.017 516,704 44,984 39,754 601.442 No employee re¢eived a Salary durir¥J the year in excess of £60.000 {2022.' none). 21
TYNDALE HOUSE NOTES TO THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 30 APRIL 2023 7. Employees stsff eo•ts l¢ontlnuedl In order to fulfil hi8 employmenl reswnsi1Jfrt the Princ4pal is requff&Y to bve on srte in au))mmodation provided by the charty which Is 0 useLI for the charitys amIs. This woTrrnon $ ¥ala and treat&S as a benefit lor dis¢bsur¢ wrposes trse finanoal ststgrents. The iotsl value ol the PrCIPar$ salary and benefits placed him in the baTrJ £80.(K)1 - £90.000 for Ihe ¢Lfftnt fmanoal year 12022. £70.DO1 - £80.0}. The Trustees re1%d rK> rUnerthn btrt expee$ reMtr$ed ts tree trustees were £397 12022.. £253- I¥te&s) during the svr. The Twstees are ¢o¥ere(I ty an inty sUranCe pdKy. but rt not possible to separate the indNkYu c05t of Ihi8 insurance to Ihe charity. ErnF4o befits recaved by key mwawment the yBar lOlad £249,508 12022. £226,547). 2023 2022 No 19 16 The averagv number ofEmpbyees durry the >parwas'. FL41 lirn8 8quwal8nt 22 19 8. Tn9ible fixed 455•ts Flxtur•$ Comput ano fillinp 99UiPrngTrt Freèh¢)kl eullding land and under bulldin9s construetlon Total Co$t'. At 1 May 2022 Additions thsposals At 30 Aprll 2023 401,083 29.233 122.5691 407,747 44.596 3.767.752 110,846 4,213,431 219,765 44.532 4.388.664 79.686 121.3 22.633 3.878.598 79.6B6 O¢pr¢iaiion: At 1 May 2022 Charge lor year Dt8posals At 30 April 2023 221.292 31.277 6.070 21.963 15.384 776.228 79.184 1.028.797 123,296 143,5731 1.108,520 121.610 237,724 855.412 Not book valut.. At 30 Aprll 2023 170.023 7,249 3.023.1a6 79.686 3.280.144 At JO April 2022 179.791 13.319 2,991.524 3.184.634 I cf the charItS assets are used f¢r thantsble pwposes 9. Debtors 2023 2022 Trade debtors VAT clue Prepayments and a¢uued Inceme 7.361 3.428 49.983 60.772 43,278 97,494 140,772
TYNDALe HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR TrfE YEAR ENDED 30 APRIL 2023 10. Crediiows: amounts falling dug withln on• year 2023 2022 Trade creditors Taxation an(J sockgl serAJri¢y costs VAT due other uedilors Accru31s and deferred incorne 32.294 10.416 8.269 633 35.689 126,698 1g3.991 26.708 64.205 133.623 Deferred income cornwise5 9rant5, fees, conferere fees. iental in)me and subscripti(. Deferred income brousht forwwd IroMe deferred in the year Arnount r81ea5ed in the year Deferred intome carried loard 85.324 21.SW 85.324 21.968 58.588 84.856 58.1201 85,324 11. Unrestricted funds At1 May 2022 At 30 Aprfl 2023 Incoming Outgoing Tran¥lers Gener 805.613 8.679.142 1852.984} 17.935.570) 696.201 805,613 8.679.142 852.984 ,935.570 896.201 11 Designated funds AtIMay 2022 At 30 April 2023 Incomin9 Ovt9olng Trnnsfern Property Fund Programmes Fund Fixed Asset Fund 163,511 680.679 3.184,634 4.028,824 17,514 3.721 14.9421 7,802.973 1114,9961 87,366 1124.2551 219,765 1244.1931 8.110.104 7.979,0 656,770 3.280,144 11.91 5.970 21.235 The Property Fund is rnon$ de5Trated for the refurbhmenI. TPUrpos¢n9. maintenance. upgrades and expansion of Ihe exisbng propèrty and grow3 and funds lo wrthase or budd and make alteiatitsns lo new property. The Programrres Fund is fib)n designated to )ver rnUhyear ccmmrtments for staffing arKJ olher no property relaled cosls. The Fixed Asset Fund equates to the value of the land btrildin9s and other tangibk frAed assels of Tyndale House. 23
TYNDALE HOUSE NOTES TO THE FINANCLAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023 12. Designat•d funds (¢ontinU) The net transfer balance 01 £8.110,104 comprises designated transfers from the General Fund of £87,366 lo the Prograrnmes Fund and £7,915.845 to the Property Fund and fixed asset expendilurè of £94.601 out of restricted fund5, and £12,292 out of the General Fund. There is a transfer betsveen the Propety Fund and the Fixed Asset Fund for £112.872. 13. R•$tri¢tgd funds At1May 2022 At 30 April 2023 Incoming Outgoing Transfers Herner Fund Courageou5 Schdars Fund Capital Appeal J Collins Fund Tyndale Fellowship C¢)nference Erasmus Fund Wiseman Scholarship Fund Principal's Fund International Schdars l H Marshall Scholarship Fund Posl Doc Fund COV1019 Fund Library & Communications Fund Old Testament Proiect 31.283 159.408 94,601 3,710 12.867 638 1.118 26.684 9,237 13.656 8.3C6 2,390 53.361 348.63S 765.694 115,0001 111,5301 194.6011 (3,6451 113,0461 16,283 112.975 829 135,7321 (651 379 150 1.502 27.041 29.507 788 2.620 41.725 25.321 {12,0001 11.5671 (11,8561 113.6561 12.7501 11.9941 13.238) {34.026 1205.3421 (5.5561 13961 145.0231 1114.287 {214.6261 50.000 31,853 141.261 55.100 232,175 486.987 Description of Fund¥s H•mor Fund Monies donated for the purpose of pfoviding bursarigs primarity for non-UK nalimals. Courago¢us S¢hol*rn Fund Fut)din9 to enable scholars to carry oul short or long term research al Tyndale House who personty the Tynd8le House Guiding Principles of Courage. huMihty.academ excellen and evangelical conwctions. Capital App•al Monies given for the acquiSOnIe0ftStrUction of new buildings. refu1$hmenI. buildI or expansion of existing facilities. J Colllns Fund A fund lo provide ann bursaries to the Tyndale FeJh)wship conference. 24
TYNDALE HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023 13. Rg$trlrAgd fund6 Icontlnued) Descflption of Funds (eontlnutd) Tyndal• F•llowshlp Conf•r•ne• Fund To fund future Tymdale Felknwship conferences. Erasmus Fund lonies for the sUPPOrt of $ludents. Wiseman Scholarship Fund Moni0$ given in memtyy of Donald Wiseman to supp)rt UK PhD s¢htsfars. Princlpal's Fund Funds given lo support the post of Principal of Tyndale House. Intemati¢nal Scholars Programme Monies given to support scholars primarfy frryn Ihe majority worhJ. IH Marshall Scholarshlp Fund Fund to enable pooref overseas applKants b attend t Tyndal• Felk)wship Conf8renc•. Post Doc Fund Monies for Ihe support of post doctoral scholars working on acadern wqecls. COVID 19 Fund Monies donated lo mr additional costs. both capital and revenue. r¢SU'ng from the Covi&19 pand8mi¢. Llbrary & Communieation$ Fund A fund lo purchase multi-volum& and sefi&s of print8d resour¢es and electron resource5 for the library and conlribule to salaryès, actiwties and proiècts of the ¢ommvnutKJns luncthx. Old T•stament Project Funding to resource wide ranging rew¢h on the Okl Testent in its histor1 setting and to communicate this to a non-specwlist adn¢t. Tronsl•rs bgtween funds The transfer5 between restrjcted and unreslncled fund5 relate to the croswharging ol Centr SerYeS of £80,394, reslrrled fund fixed asset axpendilure of £94,601 and the suwus on the 2022 Tynda Fellowship Conlerence of E461. In additi.on there is a transfer of £30.808 repSentIng the transfer of funds to the Tyndale Fellowship. 25
TYfrJDALE HOUSE NOTES TO THE FINANCIAL STATEMEMrs FOR THE YEAR ENDED 30 APRIL 2023 1& Anatysi5 of ngt assets betvnèn fund Other ngt ¢urrent assets Tangib fixed C•sh Total Restricted Funds Designated Funds Unrestricted Funds 486.987 486,987 8.635,826 11.915,970 768,224 72,023 696,201 72.023 9,891.037 13.099.158 3,280,144 3.280.144 15. Commitm¢nt5 Captsl commitments.. At 30 April 2023 commitrnents tolaned £Nil (2022: £4.146) Commthents under cperating le8ses.' Total payments due under nonvcancdlat4e operab'ng leases are as flOW$.. Equipmenl Equipmgnt 2023 2022 Less thars one year Within to five years 350 175 757 526 16. Related paity transadlons During the period the aggregate of donab"¢)ns from trUeeS a1 key mana9emerLt was £34.664 {2022'. £11.1071. 17. Tyndalg Fgllowshlp Tyndale House has lau"te<l the formation ol a chality to continue Ihe activibes of the Tyndale Fellowship whith has become an independent schdarty souety governed by its members. The charity was officially launched in November 2022 and a transfer of resfricted funds relating lo the fellowship occurred. From 1 November 2022 Tyndale House discontinued its activrties rdab.ng to the Tyndale Fellowship. 18. Unrestricted donations Included in unrestricted donation5 are dCatIonS of US secunb.es upon receipt had ¥ Value of £7,791,387. which were sold giving rise to a los$ on sale of £279,085, converted into £ sterling wlh an exchaThJe gain of £24.728 and incyrred selling costs of £121,184.The net value of £7.415.845 ha5 been recogni$ed ift the Stslernent of FInanCk Ael1vit9.
TYNDALE HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 APRIL 2023 19. Comparatlv¢ Statement of FSnan¢lal Aetlvltl¢s Unr•strtcted General Designated Fund Funds R8strletèd Funds Continying Diseontinugd Continuing Contlnulng Discontinued 2022 2022 2022 TOTAL FUNDS 2022 2022 2022 In¢ome from: Donatlons and léga¢i•s 1.110,102 $30 298,399 1.602 1,410.633 Charhable a¢livities 191,042 17,7 673 209,682 Inve5tm•n¢ ift¢ome 1.925 3.422 143 7.954 Total In¢¢m 1.303.608 18.497 1.925 302,494 1,745 1.628.269 Expenditure on: Raising fvnds 34,393 34.393 Charltabl• activities 667,665 6.685 260.381 184,028 250 1.119.009 Total gxpenditur• 7Q2.058 6.685 260,381 184,028 250 1,153.402 Net Incomtrllexpenditure) 601,550 11.812 1258.4561 118.466 1.495 474.867 Transfers behveen funds 1518,4921 111,8121 648.275 1117,5361 14351 N¢¢ mov•m*nt In funds 83,058 389.819 930 1.060 474,867 R9Cl11allon of fund$- Funds brought forward at 1 May 2021 722,555 3.639.005 734,731 28.973 5.125,264 Funds earrigd fotrward at 30 Aprll 7022 805.613 4.028.824 735.661 30,033 5.600,131 27