TYNDALE HOUSE ANNUALREPORT AND FINANCIALSTATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 'ADCT4LJZM* 0111012024 COMPANIES HOUSE #125 TYNDALE HOUSE TABLE OF CONTENTS FOR THE YEAR ENDED 30 APRIL 2024 CONTENTS Page Information Trustees, Report 2-10 Report olthe IndependentAudltors 11-14 Statement of Flnancial Activitles 15 Balance Sheet 16 Slatemenl of Cash Flows 17 Accountlng Pollcies 18-19 Notes to the Financial Statements 20-27 TYNDALE HOUSE INFORMATION FOR THE YEAR ENDED 30 APRIL 2024 Charlty no. 1161396 Companyno. 09437542 Cuffenl trustees Mr K Bintley Mrs S Davies-scourfield Rev DrA Donald Dr S Jenkin5 Mr D K Lalng Dr D J Maclean Drs Moore Mrs STett L•ad•rshlp t•*m Dr N Harrlson Dr D JongkSnd Mrs A Stevens Mr S Sykes Dr P Williams Rewstered office and prlnclpai address 36 Selvryn Gardens Cambrldge CB3 9BA Audltors ChaterAllan LLP 7 Quy Court Colliers Lane Stow.Cum.Quy C825 9AU TYNDALE HOUSE TrUSTEES' REPOAT FOR THE YEAR ENDED 30 APRIL 2024 The Irustees ol Tyndale House present thelr trustees. ieport tO8ether wblh the Ilnanclal statemenis of the charlty for the year ended 30Aprll 2024. whlch are also prepared to meetthe requlrements tora dlre¢tors' report and accounts foTCompanles Act purposes. The flnanclal ststements complywlth the Charltles'Act 2011. Companles Act 2006. the Memorandum and Articies'of Assoclation, and the Accountlng and Aeporting by Chatltles: Statem¢nt of Recommended Practlce appllcable to charltles preparlng thelr accounts In accordance ￿th the Financial Reportlng standard appilcabie In the UK and AepulAlc of lieland IFRS 1021 leffectlve I January 20191. Gov•mlnido¢um•nl Tyndale House Is a company Ilmtted tyiuarantee, governed by Its 14emorandum and Artlcles ol Associatlon and was Incorporated on 12 February 2015. It Is feiistered as a charltywfth the ChartyCornrnlsslDn for Enland andWale5. charlty number 1161396. Dli•¢iorJ andlrust••3 The dlreciois ol Ihe charblable company (the charltyl are Ils trustees lor the purpose ot charlty law. The trustees Servlng dutln8 the year and slnce 30 Aprll 2024 were as lollows: Mr K Blniity Ichalrmanl Mrs S Davle$-Scourfleld Rev Or A Donald Dr S Jenkln$ Mr D Lalng Dr DJ MaeLean Di S Moore {appoknted 22 June 20231 Mrg S Tett lappolnled 7 March 20241 Prol J Wyatt Iresigned 7 March 20241 The trusteeswould Ilke to express thelr thanks to Prof John Wyatt for hls seNlce as a dlrecior and Irustee olTyr)dale House. Lead•rshlpT•am Dr N Harrlson Dr D Jon8klnd Mrs Astevens MrSSyke5 Dr Pwilllams Dlrector of Finance and IT Academlc Vlce Prlnclp81 Dlrectorof Engagemeni Vlce Prlnclpal for Operatlons and Partnershlps Prln¢ipal and Chief Execulfve Offl¢er TYNDALE HOUSE TRUSTEES, REPORT FOR THE YEAR ENDED 30APRIL 2024 ObJecil¥¢s and prlnclpalactl¥ltle$ The objects oflhe charlty are: o advance the Evjngellcal Chrlstlan Religion, In partlcular (but wlthout Ilmltatlonl throu￿ promotlng blbllcal scholjrshlp and iesearch." Tyndale House alms to lulfll these oblects by growlng an Internailonal research community that pre5eftts the value ot the 81ble at the hlghest academlc level. We use our research to r¢souice the Church to understand and trust the Blble, and to pfomote Informed attltudes tothe Blble In the wldeTwortd. The Ilbrary houses a dynamle academlc hub that speclallses In Blble languages. 8lble manuscrlpls and the anclent wortd. and offeTs one of the wortd's leadlng collection5 of research materials loi blbllcal studies. 11 brlng5 together outstsndlng Christi schotars Irom around the globe to undertake riiofou5 and Innovallve blbllcal scholarshlp and communlcale It In an accesslble and engaglng way. The acllvltles ofTyndale Housefall Into four prfrnary spheres: fle¢Ntt'. Identlfylng the leadlng evangellcal Blble scholars of tomorrow Irom across the wortd and resourclng them to excel In thelr academlc Ileld. R•sourc•: equlpplng researchers wllh a wortd-leadlng coll•ctlon of materllls and supportlng them to collaborate wlth academlc colleaiues across the globe io a(ivance Blble understandlng. A•J••rch: undertaklni large.scale academ1¢ prol8¢ls that expand publlc knowledge ol Blble14n8uaie5, Blble manuscrlpts and the anclent world. R•ach Oul: dlssemlnatlng our research In a waythot engaies the Church and the wlderworld. lyndale House Is mlnifful ol the Cha￿ty Commlsslon's guldance on publlc benellt and has embraced thls fully In au aspects of the woik oflhe organlsatlon. TYNDALE HOUSE TRUSTEES, REPORT FOR THE YEAR ENDED 30APRIL 2W24 A¢hl•¥em•nt$ and performance Recruh To recrnltpoiential scholars ernboty the Tyndale House GUldkngprt￿1ple$. to nurture splrltual fomiatlon. to fosteracademic excellence andtolacllllate academlc collaboratlon. At Tynoale House. the mlsslon Is to bulld an Internatlonal vesearch comrnunlty of scholars who are evangellcal In thelr convlctlon5. academically able. humbly $er¥e others. and who have the courage to publicly remaln falthful to thelr convlctlons In academla, the Church. and theworld. Tyndale House regularly host vislts for groups from colleges and un￿e￿ItIes. Durlng ihe yeai, vlsitors have Included students fiom Blola Unlverslty'ln Calllomla 8nd SamloFd Unlveislty In Alèbama. As Tyndale Housè conllnues to qiow Its vrslblllty wllhln a core avangellcal constituency, great importance Is placed on developlng relationshlps wlth UK theologfical colleges as well. These Instltullons, wllh thelr rlch networks ol poientl81 Tyndale House readers and scholars, allow the charlry to connect wlth a wlder audlence. Part ol fosterlng such a Tretwo￿ of blbllcal scholars Involves encouragln¢ Chrlstlan students to pursue a vo¢atlon In blbllcal schoiarshlp. Tyndale House has worked In partnefshlp wllh organlsatlons $u¢h as SchoLarshlp & Chflsiianlty In Oxlor(I {SCIOl andthe UCCF Theolo8y Netwo￿t0 Prom￿¢ blbllcal s¢holwsThlplo siuderfs. A key Inltlatlve wlthln Recrult actfvllles Is the Intematlonal Scholars Programme IISPI. Throuih ISP. Tynd•le House seeks io •n•bl• maloilty-wortd scholars to develop lechnlcal skllls at the highest academk level In order to supp+Jrt Blble research and tralnlnq In the conlexls In whlch they $eM. In recent years, bythe grace ol God the number ol bellevers across the worltl has grown, bui the global Church Is alarmIn￿Y under- resourced wlth Blble experts. Some ol the most signlflcani language KfOUPS In the world have lew or no evangellcal Blble scholars tralned io PhD level. By eoverlng costs to access Ihe research and fesldeniial facllltles. as well as offeilng academlc and pastoral support to ISP paniclpants, TynlJlt Hous• hope$ to address Ihls u￿Ont ne•d. Durlng Ihe year. Tyndal• House hosted 19 ISP scholar$ Irom Br•zll. lh• Demo¢r•ii¢ Aepubllc ol Congo, Ethlopla. Greece. Hungary. Iran. Italy, Myanmar. Nigerla, Romanla, Russla. Slovakla, South Afrlca, and Ukralne. (Thls was In addlllon to those funded by partner organlsatlons such os Lan8ham Mlnlstrles. who 4150 broulhi elehl gcholars from 8olfvia. Indonesla. Kazakhstan, Nigedo, Pew, Romanla, Thalland, and the UK.) Th15 facllltsted work on vorfous projects, in¢ludlng new Romanlan and Arablc Blbie translatlons. Ix>oks on ioplc5 Includlni suffeilng In the NewTeslament, and numerous PhD Olssertallons. As scholars retUTn io Ihelr home contexts afterthelr studles at Tyndaie House, Iheywlll be Pfolessors and pastors who Impact thelr communltles Ihrough labthlul 8lble teachlng. Stren￿h¢￿Ing and ¢xpandlng these relatlonshlps across the globe wlll contslbute lo the charlwsvlslon of seelng a world that takes the 81ble serlou51y. Resource To p￿￿00 locused academlc matertals lor blbucal scholafshlp, and an envimnment that nurtures excellent Indlvldual and collaboratlkp research. Durfng the year. Tyndale House welcomed 297 short- and long-ierm iesearchers from around the world to the Ilbr•ry. In order to equlp these scholars, the library staff Temaln busy managlng a growlng Ilbrary ¢ollectton th•1 now Includes ovei 45.000 books. The slze of the cottection ttas outgrown our 19S6 Ilb¥ary bulldlng and In March 2024 plannlng permlssion was iecefved to dernoLlsh Ihe exlstlng Ilbrary and bulld 8 newllbrary on the slte. TYNDALE HOUSE TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2024 In a(Idltlon to the physlcal collection$, the charrty hJ5 conlinued to Increase Its electronlc iesouices on offer. Uslng the. remote access piattorm OpenAthens. researchers Irorn around the world can access these resources beyond thelr stsy at Tyndale House. The ablllty lo contlnue occe$slng resource$ beyond tholf stay ha5 proved • greal help and encouragement to the re8ders. particularly those Ilnked to the Iniernatlonal Seholars Programme. Readers from 31 countries have accessed OpenAthens duilng the yeai. Durlng th• new Ilbrary bulldlng prol•ct. stsrtlng In the Autumn 2024, there wlll be temporary &riangements ￿th some of the collection. includln8 hard copy journals, belng stored oltslte. Packlng up ol the Ilbrary stsrted in January 2024. In addition, some rtader5 are utlllslng desks In new study aieas In Ihe maln house. Access to the Core blbllcal studles monogr•ph coll¢¢tlon has been malntained.while in this transltlonal phase. and disruptlon kept to a mlnlmum. The Ilbrary seNlces contlnue to be rated hl8hly when readers leave. In partlcuiaf, readers, sense ol welcomè. thè quallty of the collectlon. and Ihe helpfulness of Ubrary staff all score on averagelust und¢f 5 out of 5. Readefs glve an average of 4.75 out 015 for how productfve theSr tlme ha5 been. Tyndale House Is much more than a Ilbrary. wlth opportunities for readeT5 to partl¢lpate In communlty actlvltles durlng thelr slay. Coffee tlmes, chapel galheilngs, events, and comrnunty meals happen Feiularly and these contlnue to lostef connectlons between readers ihat last beyond theli tlme al Tyndale House. e$•arch To expand human knowledge ol God and hls ￿￿a. To ploneer collaboratlve academk work In areas ol blbucal schotsrshlp that rnsource the Church and challenge fhe K)rld. Research on the Greek New Teslamenl ¢ontlnue(l. The ieam. led by Dr Dlrk Jon8kln(i are In the Ilnal stages ol thelr work on a major textual commentary. Thls book. whlch wlll be an Invaluable resouice.for scholars and student5. wlll explaln In detall the technlcal dec151ons underlylng the text ol The Greek New Testament, Produced at Tyndale House. Cambrldge ITHGNTI. Work on the second edltlon of the THGNT1s approachlnR ¢ompletlon wlth Ihe Inlentlon io flnallse the manliscrlpt In early2025. The forthcomlnE second edltlon wlll be lThnovatl¥e, especlally In how It represents par4raph dlvlslons and puncluatlon found In the anclenl manuscrlpis. The Old Testament team, led by Dr Caleb Howard, has coniinued thelr metlculous eatalogulng of names In texts Irom two key Anclent Near Eastern sltes.. Alalakh and Ugarlt. Th15 work wlll provlde vltal context for understandln8 namlng pJttern5 In ihe Old Testament Itsell, and ¢Larlfylhe felatlonshlps between the Old Testament texts ond thelrworid. Tyndale House academlc staff delfvered paper5 atthe Tyndale Fellowshlp (June 20231. Ihe Soclety of Blbllcal Lllerature Conference INovernber 2023} and the Amerlcan Orlental Soclety Imarch 2024). Based on research undertaken at Tyndale House, Peter V￿ll1aMs. book entltled The Surprlslng Genlus ol Jesus.. What the Gospets Reveol a1￿ut the Greatest Teacher was publlshed In Oclober 2023 by Crossway. Thls populèr-lev•l publlcallon examlnes the story of the prodigal son In Luk• 15 to show the genlus. cieatlvlty. and wlsdorn ofJe5US'S teachlngs. The Tyndale 8ulletln acadernic loumal conllnues lo be publlshed as a lully open-acces5 diEltal louinal, with artlcles publlshed on a rollln8-bas15. alongslde an annu81 prlnt ediilon. Efforts to make the louinal more accesslble ère bearlng irult. Newly publlshed artlcles ale Immedlaiely a¥aliable ai no cost on thejournal web51te, whlch also contalnsthe entire archive back to 1956. Across the last Year￿1cle pales have been vlewed over 34,900 tlmes, TYNDALE HOUSE TRUSTEES, REPORT FOR THE YEAR ÉNDED 30 APRIL2024 R•a¢h Out To equip the Chuich and wlderpublk to understand and trust Ihe Blble more. To pmmote Tyndale House as a rellable source of Infom?atlon aboutthe 8lble. Durlng the year. Tyndale House has contlnued to produce and dlstribute popular.level resources that promote better Blble understandlnq. Ink. the charltys quarterly dl81ts1 magazlne to¢uslng on the background of the Blble. blbllcal languages an(i texts, and Blble engagement, has eontlnued to be publlshed. A prlnt edltlon was atso pubushed In November 2023. Tylldale House Itas relaunched Its podcasts ty re.releaslng eplsodes from our2020 Trusting the Blble, seiies. Academlc team members lespeclally Peter WILllams and Tony Watklns} have numeious popular-lwel talks at churches and ¢onlerences, as well as InleThlew5 on iadlo and podcasts. th15 year. Thanks to generous fundln& a slx-sesslon publlc speakln8 tralnlng ¢OUfse with ihe Ceniie loi Publlc Speakln8 was run to help •cademic staff and readevs to be excellent communlcators. Thls Is partol the charltys strategyto promote Blble understandlni. Bulldlng on the success ol the day conleren¢e In Edlnburgh In Aprll 2023, Tyndale House has h051¢d two Tiust, Love. Teach. day conferences for church mlnl$ty staff In Nortolk and Cambrldge, and tsvo more World of the 8lble' conferences In Llsburn (Northern Irtlandl and Cambrldge. These days enable the ¢h3flty to engage ￿th people fiom many chuiches anii help them grow In thelr understandlng olScrlpWr¢. A¢kn•wl•diomenlS When looklng at the achlevements ofTyndale House over the pr￿OU$Yeal, We. the trustees. are gfatelul io God and gratelul to our supporters IOT thelr prayers and flnanclal generoslty. We glve thanks to God lor all ol those who carry oui iesearch at Tyndale House, lor thelr famllles and lor our dedlcated and hardworklng Siaff. Fthur• Piani Tyndale House ￿peCtS to grow the Irilernatlonol Scholars programme wlth the prO￿$10n of Intenslve laniuage stuty lor groups from Nlgerla. Egypt, and Cub8. The addltlon ol Oevon Phllllps as the Academlc Relallonshlps Cooidlnator In February 2024 Is enabungthe development ol the programme. Subsequenl to the year end the EBSCO dlscovery servlce has gone Ilve. Thls gives a Google Ilke search capablllty coverlng all ol the electronlc and prlnt holdlngs of Tyndale House through a slngle search box. Electronlc re50urce5 can be searched al Content level foi the Ilrsttime and the System also concurrently searches the Ilbrary caialogue for hard ¢opyholdlngs. Plannlng approval to consiruct a replacement IlbTary bulidlng, has been recefved. The new bulldlng wlll doLtble the Ilbrary space and otter enhance(I study and meeiing space to enable It to better develop and communlcate the Impimtance ol blbllcal schoLarshlp and research findings In thls area. Durlng the construction peFlod. whlch Is expected to last foi aiound 2 years. temporary Ilbrary space and study space wlll be made 8vallable to mlnlmlse dlsruptlon to research actlvllles. Tyndale House wlll be looklnK to Purchase addlllon•l resldentlal accommodatlon lo enable more scholars to cornplete PhDs In blbllcal studles and to galn po$t-do¢toral research experlence. The curreni Old and New Testament research projects wll contlnue thelr ongolng work. In addltlon, the next phase ol the New Testament project wlll stsrt, whlch will use newtyovallable databases ol textual v8Tianls to furthei Illumlnate the hlstory of the text. The charltywlll contlnue to reach and promote better Bible understanding. A new series on names In the Blble and the anclent world, based on the Old Testament Pfolect. as well as Stsnd.31one eplsodes featuflng InteNlews wlth staff and leaders wlll be release(i on the Tyndale House podcast. Tyndale House will host Wortd ol the Blble conferences In Cardlff and Nottlngham. TYNDALE HOUSE TRUSTEES. REPORT FOA THE YEAR ENDED 30APRIL 2024 Flnan¢l•l r•vlow At 30 Aprtl 2024 Ihe net assels oflhe charlty totaued £16.131.531 made up as follows.. Reslrlcted lunds E2,904.078 Des1￿8ted lunds £12.460.165 Unrestlcted 8eneral funds E767.288 The year saw • net Increase In total funds 01 £3.032.373. Thls comprlses an Increase In unresfrlct•d g•ner81 funds of £71.087 an Increase in designated lunds 01 £544.195 and an Increase In restTlcted lunds of £2.417,091. Further detalls of the movements on deslgnat•d and resirkted lunds art sho*Tr In Noies 13 and 14 of Ihellnènclal statements. The prlnclpal tundlni source durln8 the year contlnutd lo be donatlon Income from chaillable bodl•s and IndI￿d￿aL9. Theie were generous tjonatlons durlng the yeaT towards our new Ilbfary bulldlng and academlc polects. In a￿d￿lOn. further lund5 donate(i to the 8eneral fund were designèled to the piopetyfund. siinlflcant cash bo1on¢es are currently held In adv•nc? of constructlon of the new Ilbrary and these b•lan¢¢s have 8•ner8t•d 2317.133 Interest Income In the year. Expendiiufe has Inciea5ed fiom that ol the pievlou5 year. whlch ha5 prlmarlly been drfven by hl8her staft costs due to an expanslon ol the staff leam, both research and operatlon. and Inllallonary Increases. Durlng the year a 2.b¢droom Ilat was purchased a short walk away trom Tyndale House to expand oui accommodaiion offerlng, whlch 1$ tlmely as the resldentlal offerlng wlll be rlduced durlng the newllbrary bulldlng project. The balance on the Old Testament project lund and the balance on the Courageous scholars lund (both iestrlcted funds) are expected to be expended over Ihe next two years. The academlc appeal iestrlcted lund wlll enable the New Testament and Old Testsment Te5eafch prolect5 to contlnue. Monles In the capltal appeal lund and property lund aFe expected to be expended over o years Irom the dernollllon ol the exlsltlng Ilbrary, A•mun•i•tlonpollcN It Is the ¢harlVs pollcy to r¢vlew $•larle$ on an annual bas15. Any pioposed pay Increase Is based on a r•nie of Indlces Ineludlnq th¢ Retall Prlce Index and the Consumer Pflce Index but Is also dependent on the ¢harlty's Ilnanclal posltion. Thls percentage pay Inciease Is recommended as part of the bud8et process and thls Isth•n dlscussed. revlewed and approved by the trustees. In addltlon to salary and employee penslon. the charlty provides de3th.In.serylce Ille a5SUTanc• COV¢T lor all staff. salary benchmarklngior certaln ioles Is carried oul on a periodic basis as recommended by the truslees. Rls*managementandprlncW1rf5ks The trustees have examlned the maloi strateElc. buslne5s and operatlonal rls*s that the charlty faces and have establlshed procedures for regular revlew and reportlng so that the necessary steps can be taken to lessen them. The rlsks and mltlgatlng actlons are set oul In a delalled rfsk register, whl¢h Is revlewed bythe trustees on at least an annual basis. The key rlsks are thosevthl¢h could affe¢tourllnanclal posrtlon oTlundTalsSng capabllllies and Include: Dependency upon a relaiivtsly small group ol key donors loi the rnalorltyof our donatlon Income; Loss ot key members ol staff. TYMDALE HOUSE TRiISTEES' REPORT FOR THE YEAR ENDED 30APRIL 2024 Inwsthentpoucy The trustees have ¢onsldered the most appropriate pollcyfor Investing surplus funds and have found that deposlt accounts are the most suiiable Investmentvehlcle al the présent tlme but thls Is kept under revlewwlth the benelli of proflsslonal advlce. R•$•rn$poUey The trustees reco8nls¢ that reseNe5 ale needed In oidei to ensuie th•1 the dlller*nce between th? 5pendln8 and recelvln8 of Income, unexpected tluctuatlons in Income and unplanned expenditure do not have a deirlmental effect on the continulng work of the ch811ty. The charws reseryes al 30 Aprfl 2024 whlch 4rt mole fully deflne(i and descrlbed In Note$ 12. 13 and 14 to Ihe Flnancl•l Statements comprfised.. RestTl¢ted Funds held lor purposes speclfled by the donors. E2,904,078 Designated Funds, whlch ale unrestrlcted funds held and applled for areas of the charlty's future work specllle¢J by the trustees plus the Flxed Assel Fund whlch holds the value of reseNes that equate to the nei book value ol the ¢harlty's tanglble Ilxed assets- £12,460,165 General Funds whlch represent the remalnlng funds ènd equate to th¢ Iree r•seN•s of the charlty- É767,288 The Irustees have adopted a poll¢y th41 th• free r•serves ol the ¢harlty $houlLI at any Ilme be sufflclent to covei Its budget•0 opeiatlng costs Iwhl¢h ale not lunded from Restilcied or Deslgnaied Funds) lor 12 weeks. At 30 Aprll 2024 the free re$er4es totalled É767.288 compared to a requlred balance 01 É236,268 based on the 2024-25 budget $0 Ihe lequ1￿MentS ol the pollcy were satlslled. Glven th• on8olng economlc un¢ert8lntles and the truslees plans to contlnue wlth malof refurblshment and bulldln8 malntenan¢e projects, the trustees conslder It approprlate to carry thls level ollrc¢ ieseNeJ, TYNDALE HOUSE TRUSTEES. REPORT FOR THE YEAR ENDED 30APRIL 2024 StN¢lur•, gov¢man¢• and m4n•i•m•M Appolntmentandlnductlon olfwstees Trustees are appolnted, and can be reappolnted, on a deflned rotatlon31 ba51s. In Bccoidance wlth the Artlcles of Assoclatlon. New trustets are provided with a sultable inductlon into the charitys objects and ways Ofw0￿1nq irom a governance perspecllve. The procedures and tralnlng In place foi newtrnstees are as follow5: Before belng appolnted, eo¢h prospectlve trustee 1$ Invlte¢J to attend a board meetln8 as an obseNer and to meet wlth key managemeni $tstt. Caieful evaluatlon ol all potenllal new appolntments Is made. to understand thelr skllls. knovAedge. and relevant experlence, blbllcal convlctlons, and the conltlbutlon theywould make to th• Board ol Tru5te•5. New trvstees are Inducted to ￿￿e them an undeislandlng of the charltys objects •nd woys ol worklng irom a governance perspectNe. Prlor to appointment they recelve the lollowlng documents.. The Essentlal Tfustee What You Need io Know Ipubllshed bythe Chwlty Commlsslon) A copy ol the Tyndale House Memorandum and Artlcles of Asso¢latlon A copy ol Tyndale House doctrlnal basls and ethos statement whlch they ale requlred to slgn on appolntment and on re- appolntment bl thelf tiusteeshlp Is extended Acopyol the laiest •udned Ilnanclal statements Access to a Teposltory contslnlni strateglc plannlngdocumentatlon, poU¢les and other pertlnent materlals oryanlsatlon The Board of Trustee5. whlch can have up to 11 members, admln151ers Ihe Chèrlty. 11 usually meets quarterly to set pollcy and revlew the actlvllles of the charlty. Varlous members ol staff routlnely attend board meeiinis. These Inclu(ie the Pilnclpal, the Academ1¢ Vlce Prlnclpal, the Vlce Pilnclpal for Operatlons and Partnershlps. the Oliector of Engagement •nd the Dltoctor of Flnance and IT. The Prlnclpal, who acts as chlel executlve offlcer. Is appolnted by the trusiees to lead the day-to-dayoperatlons olthe charlty. He Is •$slsttrd by Ihe Acad•mlc Mc• Pfln¢lpal. Ihe Wce Prlnclpal for Operatlons and Partnefshlps, Ihe Dlrector ol Enia8ement and thè Dlrector ol Flnance and IT. The Board ol Trustees has commlttees. The A¢ademlc Commlttee provldes overslO)t of academlc yogramme5 and appolntments, and the 8uslnes$ Commlttee provldes overslght of buslness and flnanclal declslons. Tynlale Fellow5hlp w•s unlll November 2022 an academtc soclety operated byTyndale House wlth rnembershlp open to bona Ilde scholaiswho held lo the Tyndale House doctrlnal ba515 ano foimed a part ol the blbllcal research actmlles ofTyndole House. Slnce No¥ember2022 those aciivllles are conducted by an Independent charlty registered undei the same name. TYNDALE HOUSE TRUSTEES, REpoKr FOR THEYEAR ENDED 30APRIL 2024 Slalement ollrust•es' respon$lbiuile$ The charity trustees (who are also dliectors of Tyndale House for the purposes of company lawl ore respon51ble lor preparing a trustees. annual report and flnanclal statements In accordance wlth appllcable law and United Kinidorn Ac¢ounllng standards (Untied Klngdom GenerallyAccepted Accounllng Practlcel. Company law iequlres the charlty trustees to prepare flnanclal slatements for each year whlch give a true and lalr vlew of the state of affalrs of the charitable company and of the Incomlng resources and appllcation of resource$. including the Income and expendllure, lor that perlod. In preparlngthe Ilnanclal statements. Ihe tiustees ale requlfed to: Select sultable accountln8 pollcl•s and then apply ih•m conslsteniiy: Observe the methods and piinclples In the Charities SORP- Make judgements and estlmates that are r¢5ponslble and pNdent,' Siale whether appllcable UK ac¢ountlnK Standards have been followed, subject to any material departures dlsclosed and explalned In the Ilnanclal statemenls; Preparethe flnanclal ststements on the golng concern ba51s unless It Is Inapproprlate to presume that the chaitywlll contlnue In operatlon. The trustees are responslble loi keeplng propel accountlng records Ihat dlsclose wlth rea$onable accuracy at •ny Ilme the flnanclal posRlon ol Ihe chailty and whlch enable them to ascertaln the flnanclol posltlon ol the ¢harlty and to enable them lo ensure Ihat thè Ilnanclal ststements comply wSth 8ppll¢able law. They are also responslble for saleiuardlng the asséls ol the charltyand hence lor tsklngieasonable steps for the preventlon and detectlon ol fraud and other Irregularttles. stal•m•nl as to dls¢logui•lo oui•udlt•rs In so lar as ihe tru5tses are awafe Ih•rg Is no r¢levant •udll Inlorm•llon of whlch th• chailty's •udllofS are unaware. and they have tsken all the steps that they Ought to hève taken as trustees In order to make themselves aware of any relevant audlt Inlofmatlon and to establlsh th•t the charlvs audltors are aware of that Informatlon, ond they have made sv¢h enquliles of thelr fellow trIISlees and ol Ihe charlty's audbtofs for that purpose, and taken such other steps111 any) forihat purpose, as requlred by thelr Outy os trustees ol the chafltyto exer¢ls¢ due ¢•r¢, sklll and diligence. By order ol the Board ofTrustees, Mr K 8lntley Chalrman Date- 19 September 2024 io TYNDALE HOUSE REPORT OFTHE INDEPENDENfAUDITORS TO THE BOARD OF TRUSTEES Oplnlon We have audlled the flnanclal statements of T￿￿ale House (the charbtsbLe 'company'l for the year ended 30 Aprll 2024 vthlch comprise the Slatement of Flnonclal Acti￿tIeS {In¢ludlng Income and Expendlture account), the Balance Sheet. the Statement of Cash Flows and Notes to the Flnanclal Statements, Includlng a summary ol slgnlllcant accountlng pollcles. The Ilnanclal reportlng Iramework that has been applled In iftelf preparatlon Is appllcable law and Unfted Klngdom Accounting StsndaTds, including Flnancl81 Reportlng standard 102 The Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland, Iunlted Klnidom GeneTallyAccepled A¢countlngpiactlce). In our oplnion the flnanclal statements.. ve a true and falr vlew ol the state ol the charltsble company's affalrs as at 30 Aprll 2024 and ol It5 surplu5 lor Ihe year then ended: have been properly prepared In accordance wlth Unlte(i Klngdom GenerallyAccepted Accountlni Practlce; and have betn Prepared In accordancewlth the requlrements of the CompBnkes Act 2006. B•slslor •plnlon We conducied our audlt In accordance wlth Intefnatlonal Standards on Audltlni IUKI IISAS IUKII and appllcabie law. Our ro5ponslbllltles undei those standafds are lurther de5crlbed In the Audltors, iesponslbllltles lov the audll ol ihe flnanclal ststements sectlon ol our ieport. We afe Independent ol the charltable company In accordance ￿th the ethlcal requlrements that ale ielevant to our audbl ol Ihe Ilnan¢lal siaiements In the UK, Includlng itte FRC'S Ethlcal Standard, and we have tullllled our other èthl¢al responslbllltles In accordance wllh these requlrements. We belleve that the •udlt evldence we hwe obtalned Is sufflclent and approprlate to provlde a bas1$ lor our oplnlon. Concluslons r•i•llniio8olni¢onc•m In audlllni the Ilnancljl stsiement$, ￿ h8¥e conclud•d that Ihe tlUSlees' u$e ol the golng concern basls of accountlng In the preparatlon olthe flnanclal stalements Is approprl*e, Based on the wort we have performed, we have not Identllled any materlal uncertalntles felatlng to events Of condltlons that, Indmdually OT collectlvely, may cast slgnlllcant doubt on the charltable coMpan￿S ablllty to contlnu• as a golng concern for a perlod of al leastiwelve months fromwhen the flnanclal ststements ave authoflsed for Issue. OUT responslbllltles and the responslbllltles ol the trusleeswlth respect lo Kolng concefn are Oescrlbed In the ielevani sectlons of thls report. Oth•f Inlorniallon The trustee$ are iesponslble for the othei Inloymatlon. The other Informatlon compilses the Inlormatlon In the Report of the Twstees, but does not include the financial statements and our Report ofthe Audltors thereon. Our oplnlon on the flnanclal statements does not cover rhe olher informatlon and. except to the exlent othenvlse ¢xpllcltly ststed In our report. we do not express anylorm olassurance concluslon thereon. In connectlon wlth our audlt of the financlal statements, our responslblllty Is tts read the othei Inloirnatlon and, In doln8 $0. consider whether the other Informatlon Is materially In¢onsi5tenl wlth the linancial stafernenls or our knowledge obtalned In the audlt or othepwlse appears to bt mateilalty mlsstated. If we Idenity such materlal In¢onslsten¢les or apparent materlal mlsststements. we are required to determine whelher this gives rise to a malerlal mlsstatement In the flnanclal statements themselves. If, based on the work we have perfomed. we conclude that there ts a materlal mlsstatement ol thls other Infoimaiion. we are requ1￿￿ to reportthatlact. We have nothing to Teport in ihis regard. li TYNDALE HOUSE REPORT OFTHE INDEPENDENf AUDITOASTO THE BOARD OFTrUSTEES Oplnlon on othw matter PTescrlbed bylh¢ CompanlesAcl 2006 In our oplnion. based on the work undertaken In the course ol the audft: the inlormation gl¥en In the Report ol the Trustees lor Ihe financial year for whlch the Ilnanclal statements are prepared Is conslstent wllh the Ilnanclal statements; and the Report ofthe Trustees has been prepared in accordance with appllcabie legal requlrement& MJn•rs on whlchwe •r•lo requlred to report by excepllon In the Ilght ol the knowledge and understandlng ol the ch•rKable company and115 envlronmenl obtalnfrd In the couise ol the audlt, we have not Identllled materlal mlsstalements In the Report of the Tiustees. We have nothlng to report In respect ol the follovAn8 motters In retallon to whlch the Companles A¢r 2006 requliès us ro report io youll. In our oplnlon: adequaie accountlng records have not been kept. or returns adequate tor tyjr audlt have not been recelved Irom branches not slled by u5; or the flnanclal stslements are not In agreementwlth the accountlng records and returns: or • certaln dlsc105ure5 01 trusiees, Ternuneiatlon sptcllleo by law ale noi maile- or we have not recefved all ihe Inlormaiion and explanatlons we requlre lor OUT audbt,. or the trustees were not enlltled lo prepare the Ilnanclal Statements In accordance wlth the small cornpanles reOme and tske advantage ol the small companles, exernptlon from the TequITernent to PFepare a Stsategic Report or In Pfepailnithe Report ol Ihe Trustees. A•iponslblUtl•s oltrust••i AS explalned mole fully In the Statemeni of Trustees, Responslbllltles. the trustees are re5ponslble I￿ the preparatlon ol the Ilnonclal siatemenis and lov belng Satlslled that they A true Jnd falr vlew, Bnd for su¢h Internal ¢ontrol as tha tru6t••B determlne necessary to enable the preparatlon ol Ilnanclal ststements that ore free Irorn materlal mlsstatement. Twhether due to Ir•ud OTerrN. In preparlng the Ilnanclal statements, the Ifustees are responslble lor assesslng the charltsble companys ablllty to contlnue as a golng concem. dlsclosln8, as appllcable, matters related to iolng concern and usln8 the golng concern basls of accountlng unless the trustees elther Intend to Ilquldate th8 charlt8ble company or to cease op•ratlons, or have no reallstlc alternatlve but to do $0. Audll•rs' r•sponslblUtl•slorth• audlt dth•llnan¢lil stat•m•ntg Our oblectlves ara to obialn reasonable assuianee about whether the flnanclal staternents as a whole ore free Irom maierlal mlsstatement. wttether due to fraud or errol, ènd to Issue a Report of the Audltors that Includes our oplnlon. Reasonable assurance Is a hlgh level ot assurance. but Is not a guarantee thal an audll conducted In accordance wlth ISAS IUKI wlll always detect a malerlal mlsstatemeni when il exlsts. Mlsstatements Can arise Irom fraud or error and are consldered malerlal If, InLIMdually or In the 88greiate. they ¢ould reasonably be expected to Inllu•n¢e the •conomlc declslons ol useis taken on Ihe basls ol these Ilnanclal statements. The exreni io whlcfi our procedures ale capable of deteciini Irregularltles. Includlngirjud Is detalled below., Ifregularltles. Includlng fraud, are Instances ol non*¢ompllance ￿th laws and regulatlon5. We design procedures In Ilne I￿1h our responslbllltles, outllned above. to detect materlal mlsstatements In respect ol Irre8ularltles, Includlng Iraud. We Identllled areas of laws and regulatlons that could reasonably be expected to have a malerlal effect on ihe annual flnanclal ststements trom our general commerclal and charltable company specllic experlence. through dlscu5sion with the Trustees la5 requlred by audltlng standards). and from Inspectlon ol the charltable companls regulatory correspondence, and we dlscussed wllh the Trustees the pollcles and procedures regarding compliance with law5 and regulations. We communlcated Identlfled laws and regulatlons IhTOU8houi ourteam and rem)ined alertto any Inoicatlon to non-compliance throughoulthe audlt: Ihe audbtteam are deemed both competent and capable of IdentNw'ng non-compllancewlth rules and regutsfjons. 12 TYNDALE HOUSE AEPORT OFTHE INDEPENDEKf AUDITORSTO THE BOARD OFTRUSTEES Audllors. r•%ponslbllttl•i fof ihe audll of the flnlnclal st•l•ments l¢ontlnu•dl The potenllal effe¢1 of these laws and re8ulatlon5 on ihe annual financlal staiemenis varle5 considerably. Flrstly. the charltable company Is sublect to laws and regulatlons that dlreclly affect the annual financlal statements Including financlal TeponinK legislation and taxatlon legislation. and we assessed the exlent ol compllan¢e wlth Ihese laws and regulatlon5 as part of our procedures on the related annual account Items. Secondly, the charltable company Is sublect to other laws and regulatlons where the consequences ol non-compliance could have a maierlal effect on the amounts or dlsclosuTes In the flnanclal statements, for Instance nonqcompllance wlth Indusiry regulaiions. We assessed the susceptlblllty of the chafltAble companys Ilnanclal statements to materlal mlsstatemeni. Includlni obtalnlng an under51andlng ol how fraud ml8ht occuv, by making enqulries of management as to ￿ere ihey consldered there was susceptlbility to 118ud, thelr knO￿edIa ol actual, suspe¢ied and alteged Iraud and conslderlni the Intern81 controls In place to mlilgate rlsks ol fraud and non-compllance wlth laws and rewlations. The Audlt engagement leam dlscussed opportunitles and Incentlves that may exlst withln the Ofganlsatlon tor fraud and how fraud mlghl occur In the Ilnanclol statemenls. In partlculJr, we assessed Ihe polenllal Impacl of the ilobal p3ndeml¢ known 85 Covld.19 on the rlsk oflraud. The audtt engagement team remalned alert to any Indlcatlon of fraud throughout the auOIt. In common wlth all audlt$ under ISAS IUKI. we are also requlred to perform speclllc procedures to respond to the flsk ol fraud through man#Bemenl bl8s and oveirlde of controls, In adoresslngthe rlsk ol Iraud through management oVerr￿e ol conlfols we.. revlewed the Ilnanclal statement d15closures and tested to supportlng documentatlon to assess compllance wlth pro￿510n5 ol Televanl laws and regulatlons tlescrlbed &s havlni a dlreci effect on the Ilnanclal statements; revlewed the Ilnanclal Siatement dlsclosure5 and tested to supportlngdocumentatlon to assess the fecognltlon of revenue: • enqulred of trustees and management and ihose charged wlth governance concernlni actual and potentlal Utlgallon and clalms; tested the approprlateness ol journal entrles and other adluslments; • lead mlnutes ol meetlngs of those chorged vllh gov•fnanc• and r•vlew•d Inilrnal controls. and assessed whether ludgernents and as5umpllons made In determlnlng the accountlng estlmates were Indlcatlve oi potentlai blas, We dld not Identlfy any Instsnces ol Irau(i durlng the cours• ol our audlt. Audlllng st&ndafds Ilmlt Ihe requlied audlt procedures to Idenllfy non.compllance wlth these18ws and regulallons to enqulry ol th• Trusiees and In5pe¢tlon of iegulatory and legal Co￿eSpondenCe.￿l any. Through these procedures, we dld not become awaie ol any actual or suspected non.¢ompllan¢e wlth law5 and regulatlons. Owlng to the Inherent Ilmllatlons of an audlt. there Is an unavoldable dsk that we may not have delecled some malerlal mlsstatements In the flnanclal statements, even though we have propeily planned and perfoimed our audlt In J¢¢ordance wllh audltlng standar(Is. We are not responslble for preventlni non- compllance and canrbot be expected io detecl non-compllance wllh all laws and regulatlons. A further descrlptlon ol our responslbllltle5 foi the audlt ol the flnanclal statements Is located on the Flnanclal Reportlng Councll's webslte atwww.frc.ori.uklauditorsrespon51bilitie5. This de5crlptlon IoFms Part of our Report oflhe Audltois. 13 TYNDALE HOUSE REPORT OFTHE INDEPENDENTAUDITORSTOTHE BOARD OFTRUSTEES Use of •ui rep¢ Thls report Is made solely to the charitsble company's trustees. as a body, In accordance wlth Chapter 3 of Part 16 of the Companles Aci 2006. Our audlt work has been undertaken so thai we mlght state lo the charltable company's trustees those matterswe afe Tequlred to stste to them In a Report ol the Audltors and foi no olher purpose. To the fullest extent permltted ty law. we do not accept oi assume iesponslblllty to anyone other than the charllable company and the chafltable company's trustees as a body. for OUT audltwork, forthls report. or lorthe oplnlons we have formed. Stuart Graham Berrl an Isenlor SlatutoryAudltorl For and on behalf of Chater Allan LLP Chartered Accountants and StatutoryAudltors 7QuyCourt Colllers Lane stow.Cum-Quy Cambridgeshlre C825 9AU Date.. 14 TYNDALE HOUSE STATEMENT OF FINANCIALAcThimES (Indudlng In¢om• and Exp•ndlturn qc¢ountl FOR THE YEAR ENDED 30 APHIL2024 Unreslrlrted General Fund 2024 Deslgnaled Funds 2024 Restrlcted Fund$ TOTAL FUNDS 2024 TOTAL FUNDS 2023 2024 Note Incomefrom: Donatlons and legacies 1,120.699 2,716.389 3,837.088 8.494.639 Charltable acilvltles 418 385.861 317.724 Investment income 28,703 267.936 20.494 317.133 29.275 Tol•l Incom• 1,534,845 267.936 2,737.301 4,540.082 8,841.638 Exp•ndltur• on: Ralslng tunds 42.509 1.578 44.087 41.998 Charltable acilvites 924,506 306,023 233.093 1,463.622 1,269.805 TM•l•xp•ndiiur• 967.015 306.023 234,671 1,507.709 1,311.803 N•1 lTrcom•llexpendltur•) 567.830 138.087) 2,502.630 3.032.373 7.529.83S Transfers between funds 1496.7431 582,282 185.5391 Transler to Tyndale Fellowshlp 18 (30,808) mov•m•nt In fund$ 71,087 544.195 2.417,091 3,032.373 7,499.027 R•conelllatlon of funds: Funds brouthlfoThvard al l May 2023 696,201 11.915.970 486,987 13.099,158 5.600,131 Fund5 ¢awrfedlorward at 30Aprll 2024 767.288 12.460.165 2,904.078 16.131.531 13,099.158 The noles on pa8es 20 to 27 fomi part of these accounts. 15 TYNDALE HOWSE COMPANY NO. 09437642 BALANCE SHEET ASAT30 APRIL 2024 Noto 2024 2023 Flxed assets Tanglble Ilxed assets 4.028.608 3.280,144 Cuirenl assets Stock Debto Curient asset Invesiments Cash and cash tqufvalents 1,475 207.366 7.916,152 4.137.301 12.262,294 828 60.772 4.318.232 5,572,805 9.952.637 io Cr•dit•ri: amounlslaiUngdu• Thlthln on• li 1159.371) 1133.623) currenl a$sths 12,102.923 9.819,014 Nel assets 16.131,S31 13,099,158 The fvnds ￿ ihe chath: Unrestrl¢ted generallund 12 767.288 696,201 Designated funds 13 12.460,165 11,915.970 Restrlcted funds 14 2,904.078 486,987 Is 16,131.531 13,099.IS8 The Ilnanclal ststements wefe approved bythe trustees 19 Septernber 2024 and Signed on theli b•hall by: Mr K Blntley Chalmwn The notes on pages 20 to 27 lorm partof these accounts. 16 TYNDALE HOUSE STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 30APRIL 2024 2024 2023 C•shflows Irorn op•rallng acllvlll•s Net Income forthe yeai Adjustments for: Interest recebved 3.032.3n 7.529,83S 1317.1331 125,297 361 16471 1146,5941 25,748 (29.2751 123,296 959 87 80,000 160.3681 130,808) 7,613,726 Depreclation L05s on sale of Ilxed assets Iln¢reaselldeciease In stock Ilncreaselldecrease In (iebto Increa5elldecreasel In crediiors Tran$ferloTyndale Fellowshlp Totsl cash from operatlng•clMtles 2,719,405 Coshflowstfom Inv•sllni 4¢tl¥ltles Purchase of ianglble flxed assets Interest iecelved Total cash from Investlng actlviiles 1874,122) 317.133 1556.9891 1219.7651 29,27S 1190.4901 Nel Incr¢ase In cash and c•sh •qul¥ai•Trls 2,162,416 7,423,236 Cash ind Cash •qul¥alanis *ihe b•iinnlni of th•y¢ar 5,572,805 2.467,801 C•sh •nd Cash •qul¥ai•ntS •llh• •nd otthe y•ar 12.053.453 9.891.037 C•¥h and c•Jh •qulval•nts cansl¥l ol: Cash at bank and In hand short.lerm deposlt5 Current asset Investments- Cash equlvalents on deposll Total cash 8nd c85h equl¥alents 626.915 3,510,388 7,916.152 12.053,453 5.572.805 4,318,232 9.891.037 17 TYNDALE HOUSE AccoupillNG POUCIES FOR THEYEARENDED 30APRIL2024 Tyndale House is a prlvate Company, Ilmited by guarantee. registered In England and Wales. The compatys registered number and reglstered oftlce addiess can be found on the company Informatlon page. It Is a150 reg15tered as a charlty Ihe Charlty Commlsslon for Englancl and Wales, charity number 1161396. The flnanclal siatements have been prepared in accordance wlth Accountlng and Reportlnl by Charllles: Statement of Recommended Practlce appllcable to charilles pieparlng thelr account5 In accoidance Mrfth the Flnan¢lal Reportlng Slandaid applleable In the UK and Republlc ol Ireland {FRS 1021120191 . {Charlties SORP IFRS 1021. the Financial Reportlng standard appllcable In the UK and Republlc of Irel4nd IFAS 1021 and the Companles Act2006. The Charty meets the deflnltlon ol a publlc benellt entlty under FRS 102. Assets and Ilabllltle5 8re Inltlally recogn13ed at hlstorlcal cost unless othevwlse stated In the relevani accountlng pollcy. The PTiTr¢lpal accounting policies adopted are set out below. a) Tanilbl• flx•d ass￿¢ Tangible Ilxed asseis are staled at thelr purchase prfce. together wlth any InGld¢ntal expenses of acqulsbtlon to bflng the asset Inio woiklng condltlon lor Ils Intended use. Depreclatlon Is piovlded at rates calculated to wrbte off the cost of those assets on a strallht Ilne over thelr expected useful Ilves. The pilnclpal annual r•tes used ar•: Computers and other shorter Ille equlpment Flxtures and flttlngs Land and bulldlngs 33% 12.5% 286.5 b) Income In¢ome, Includlng legacles, Is Include¢J on a recelvable basls wlth the exceptlon ol ioyoltles and donatlons. whlch are accounted lor on a recelved basls. unl•ss the donatlon Is comrnirr&d before th• year ond and there Is reasonable assurance ol recelpl. ¢) Support ond govern•nco cost$ Support costs are those costs that do nol speclfkally relate to charftable a¢tlvltles and Include admlnlslraifve staff ¢051S, IT support. general offlce and property costs, Irrecoveiable VAT and I0￿mance costs. The basls on whlch support costs have bean allocated to charltable actbvltles ore sel out In Note 4. Governance costs comprlse all Cosis Involvln8 the publlc accountabllty ot the charlty and Its compllanc• wlth ie8ulatlon and best practlce. These cosls Include extemal and accountancy tees.legal l•es and trustees, expenses. d) Reslrtcled •nd d•SI￿at•01U0dI Income and expendlture relatlng to restrlcted andlor designated purposes are r•fle¢ted In the Siatement ol Flnènclal Actmlles ISOFAI, wlth the resultant net incomlnVoutyoln8 tesoufces thereon belng approprlated each year io separate funds In the balance sh•et. •) T8￿11•n In accordance Wih Sectlon 505 ICTA 1988 Ihere Is no taxailon ¢har8e arlsinglrom the vesullfortheyear. l} Stock Stock relates to mer¢handlslng products and books and Is stated at the lower ol cost and net feallsable valut. gl Opeiallnc le•s•$ Rental charges ¥e charged agalnst Income on a stralght line basis oveithe lease ierm. hl Poucyfor recognltlon of Ilabllllles All expendtturels Included In the SOFA In accordance wtth the accruals concept. A Ilablllty arlses as soon as ihere Is a legal Of c0nstw¢t￿e obligatlon comm6tt1ngthe charityto the expenditure. 18 TYNDALE HOLISE ACCOUNnNG POUCIES FOR THE YEAR ENDED 30APRIL 2024 l) Fornlgncurren¢y Assets, Ilabllltles, revenues and ¢ost5 expressed In foreign ¢urren¢bes are translated Into 51erllnK at rates ol exchange rullng on the date on whlch transactlons occur. except for monetary asseis and Ilabllttles whlch are iranslated at the rate ruling at the balance sheet date. l) Deblo Tfade and other debtors are recognlsed atthe settlement amount due bfter anytrade dlscount offered. k) Current asset Ihvestments Cufrent asset investments Include cash equlvalents on deposltwhl¢h have an Orlglnal mawrity Jale gieaterthan three months. These are consldered baslc flnonclal Instruments and are measured at COSI less Impaliment. 11 Cash and cash ¢qutr40l¢nts Cash and cash equivalents Include cash hel¢J al bank and In hand, short-term ttlghly Ilquld Investmentswlth an original maturfty of less than three month5 whlch are readlly ¢onvertlble to known amounts ol cash and sublecl to an In51gnlllcanl change In value. ml P•nJlDnl All elloble stsff are now auto-enrolled Into a workplace penslon scheme run by The Peoples Penslon In Ilne wlth the legisiatlon. Tyntlale House makes employer contilbutlon$ Inlo the 9cherne and pens6on contrlbullons pbyable lo the sch¢me ar• ¢har8¢d to the SOFA In the peilod to wthlch they Telale. n) Golng ¢•n¢em The iTUStee5 have a reasonable expectatlon that the charlty has adequate resources to contlnue In opeiailonal exlstence for the foreseeable luiuie and Ihe charlty Is well placed to manage Its buslne5s rlsks. Accordlngiy they contlnue to adopt the golng concern basls In pieparlngihe annual report and accounts, 19 TYNDALE HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30APRIL2024 l Don•llon$ and Iqacle* UTrreslrl¢ted lund¥ 2024 Desltn•ted Funds 2024 Aestrided Funds 2024 Tol•l 2024 Tolal 2023 Donatlons Leg•cl•s 1.116.145 4.554 1.120.699 2,716.389 3.832.$34 4,554 3.837.088 8,488.135 6,504 8.494.639 2.716.389 2 Ineom• Irom chafftabl• I￿1¥￿1•% lknrostrlrted lund• 2024 De$lgnat¢d. Fund• 2024 R•strlct•d Fund$ 2024 Tolll 2024 T•iil 2023 Rental Intome anil Ilbrary fee$ Conferences and otherfees Tyndale bulletln arKI Oiher subscrlpllons Other Incom• 241.722 2.682 13.049 127,990 385,443 241,722 2.682 13,049 128,408 385,861 231.028 31,080 31.438 24.178 317.724 418 418 3 Exp•ndllur• on ¢harlt•bl• actl¥llles unr•￿rIct•rf funds 2024 D•slDat•d Funds 2024 R•$irfct•d Funds 2024 ro 2024 Totsl 2023 Dlrect Salarles and related costs Buisailes and iesearch grants Bulletln costs Books ènd other Ilbrary costs Conference and event costs Donatlon to Tyndale Fellowshlp Pfopety co$t5 Communlcatlonsand resources DepreclatloA Loss on dlsposol ofllxed assets General exp¢n5es Exchange Igainlllos$ Interest and Ilnanclal chafges 222.189 164,449 172,030 558.668 22.423 6,719 568.669 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 1.269.805 6.719 57,674 10.070 19.669 8.140 3,427 21.637 206.348 21.971 11,726 134 98,427 361 593 218,074 27,361 98,427 361 21,155 825 4,823 1.057.816 35.862 369,944 1.463.622 5,256 15.063 739 4.797 545.570 35.862 343,074 924,506 5A99 50 26 233.093 279,153 Governance costs (Note 51 Support C051S INole41 26,870 306,023 233.093 20 TYNDALE HOUSE .NOTES TO THE FIIiANCIALSTATEMEfrirs FOR THEYEAR ENDED 30 APRIL2024 4 Support ¢•$ts Uniestrlded funds 2024 Designated Funds 2024 Restrlcl¢d Fund$ 2024 TolAI 2024 Totsl 2023 Admln staff costs Property Costs IT Depieclatlon Irrecoverable VAT General office costs 282,610 282.610 126,144 4,947 17,776 32.087 9.696 14,706 205.3S6 37,266 37.266 26,870 9,623 13,575 369.944 26.870 9.623 13,575 343.074 26.870 5 Oo¥•m•nc• Costs Unrestfl¢ted De$lgn*ed fundi Funds 2024 Rè51rld•d Funds Tolal 2024 T￿*1 2023 2024 2024 Salarles Audll lees Legal and professlonal fees Truste• Ix*ard costs 16.203 6,617 11,253 1.789 35.862 16.203 6.617 11,253 1.789 35.862 11.668 6.463 22,266 1.126 41.523 6 N•1 Incom•1s JLqted •ft•r¢h•rqini 2024 2023 Depreclatlon ol Ilx•d assets Audltlees Audllofs Olher seNlces Operatlng leases- equlpmernt 125.297 6.617 1.671 1.163 123,296 6,463 5,384 1.163 7 ÉmNoy••• and staff costs 2024 2023 Gross wages and salarles Employers, nallonal Insurance Employers, penslon contributlons Redundancycosls 728,063 61,087 65.441 2.908 857.499 628,932 56,202 53.883 739,017 The followlng number ol staff have emolurnents above É60.000: 2024 2023 Be￿een É60.OOQ- £70,000 Between É70,001 . É80.000 Betr*en £80.001- £90.000 21 TYNDALE HOUSE NOTESTO THE FINANCIALSTATEMENrs FOR THE YÉAR ENDÉD 30APRIL 2024 7 Employees and sl•ll¢osts (¢onllnu•d) In order to fulfll hls employment responslbllRles the Prfnclpal Is requlred to Ilve on site In accommodatlon provlded by the chafftywhlch Is also used for the charltys acllvllles.Ihls pro¥lslon Is valued and trealed as a beneflt for dlsclosure puiposes In these linancial staiements. Employee beneflts recelved ty key management personnel durlng ihe yeartotalled É297.18512023: £249,$081. The Trustee5 Tecelved no remuneratlon but expenses relmbursed for three trustees were £1,21412023'. £397- three trustee$l durlng the year. The Trustees are covered by an indemnity Insurance policy, but It Is not posslble to separaie the indivldual cost ol Ihls Insurance to the charlty. 2024 2023 Nts. Averaie number of employees durln8 th• yeai Full time equfvalenl 24 21 19 8 Tanlible fix•d assets Fr••hold land and bulldln Bulldlni Compthei und•1 •qulpm•nl construcllon Flxlur•s and Illllny Tol•l Cost: At l May2023 Addltlons Dlsposals At 30 Aprll 2024 3,878,598 506.011 407,747 16.203 12,1181 421.832 22,633 79,686 348.060 4.388,664 874,122 {2,1181 5.260.668 4.384.609 26.481 427,746 Depreclatlon: At l May2023 Charge forth• yeai DIsp05als At 30Aprll 2024 855.412 81,660 237,724 36.925 11.7571 272,892 15,384 6,712 1.108,520 125,297 11,7571 1.232,060 937.072 22,096 Net bookvalue; At 30 Aprll 2024 3.4147,537 148,940 4,385 427.746 4,028,608 At 30 Aprll 2023 3,023,186 170,023 7.249 79.686 3280.144 All olthe ch•rlty's assets ale used for¢harllabl• purposes. TYNDALE HOUSE NOTES TO THE FINANCIAL STATÈMENrs FOR THE YEAR ENDED 30 APRIL 2024 g Debt￿$ 2024 2023 Trade debto VAT recoveTabie Other debtor5 Prepajrynents Accrued Income 7.361 3,428 12.537 15,194 72.308 104.863 207,366 37.593 12.390 60.772 10 Curr•ntasset knvestmenl$ 2024 2023 Cash equlvalents on deposlt 7.916.152 7.916,152 4,318,232 4,318,232 11 Cr•dttora: amoun1$ f•lllnidu•wlthln oneyeai 2024 X+23 Trade ¢iedltors Taxatlon and so¢lal securlty Costs VAT pay8ble Other credltors Accruals Delerred Income 66,684 10,323 32,294 10.416 25,239 39,760 17.365 159,371 26,708 42,237 21,968 133.623 Deleried Income compilsesqrants, libraryfees, conference lees, rentsl Income and subscrlptlons. Deferred Income broulhtloThvard Income delerred In the year Amount released In the year D¢terr•d Income ¢airled lorwafd 21.698 17.365 121,6981 17,365 85.324 21.968 18S,3241 21.968 12 Unfestrlctedlwds AtIM 2Q23 AI 30Aprti 2024 In¢omlni Outgolng Transl General 696.201 1.534.84S 1967.015) 1496,743) 767.288 696,201 1,534.845 1967,0151 1496,7431 767.288 23 TYNDALE HOUSE NOTESTO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 30APRIL2024 13 Deslgnated funds Atlmay 2023 AI 30AprN 2024 Ineomlni Outlolng Tf•n51•rs Flxed asset fund Programmes fund Propertyiun(I 3.280,144 656,770 7.979.056 11,915,970 1125,6581 (168,5771 111,7881 1306,0231 874.122 {31.445) 1260.395) 582,282 4,028,608 475,586 7,955,971 12,460,165 18,838 249,098 267.936 The fixed assel fvnd equates tothe value ol the land and bulltjlngs arjd othei tanglble flxed assets of Tyndale House. The programmes lund Is monles desI￿ated to co￿1 multl.year Commltments for siafflng and other non-woperty related costs, The property fund Is rnonles designated for the reluiblshment. ie-purposln8, maintenance, upgrades and expanslon of the eMlstln8 property and 8Toun(Is and lunds io purchase of bulld and rnake alteratlon5 to new propety. The nel tiansfer balance ol £582,282 comprlses d•slgn8ted transleis Irom Ihe genef81 lund 01 É594,792 to the pioperty fund and Ilxed asset expenflittbre ol ￿,149 out of restrlcted funds, and £15.087 out of the general luno. There Is a transfer beNveen the propety fund and the Ilxed asset fund lor £855.187 and behveen the programmes fund and flxed asset lund for £1.699. There Is a transfer between the programmes fund and the general fund relatlng to the cross.chargini of central serylces ol £29,746. 14 R•strlct•d lundi Atlmay 2023 AI 30 Apill 2024 In¢omlni Ouiiobn8 Tf•n•l•rs Academlc appeal Capltal appeal Colln Hem•r fund Courageous scholars fund Erasmus lund Iniernallonal 5cholaTs fund Librory& communlcallons lund Old Testament lund inclpal'5 fund Wlseman s¢hoiarshlplund 585,169 2.089.133 374 2,841 150 9,350 585,169 2.089,133 16,283 112.975 788 25,321 55,100 232,175 41,725 2,620 486.987 116,6571 112.6711 140.9771 62,168 938 6.477 6,966 114,164 38.800 263 2.904,078 19.3381 143.7361 1123.4611 114,4961 12,6631 1234.671) 118,8561 14.3981 {30,557) {2,4001 36.007 13.971 306 2.737.301 185.539} De$¢rlpllDn olfunds: Ac8demlc appeal Monles donated io SUPPOrtthe ieseaich at Tyndale Hous•. Capltalappeal Monles given for the acqulsltlonlconstiuctlon ol new bulldlngs. relurblshment. rebul1dlngorexpan￿0n of exlstlngiacllitles. TYNDALE HOUSE NOTESTO THE FINANCIAL STATEMENrs FOR THEYEAR ENDED 30APRIL2024 14 Restrldedfunds {cortlnuedl Colln Hemerfund Monles donaied lorthe purpose ol pro￿dIng bursarles ptlmarllyfor non-UK natlonals. Courageousscholars lund Fundlngto enable scholars to carryout short or long term research at Tyndale House who personlty the Tyndale House Guldlnl Prlnclples ol courage, humlltty,academlc excellence and evangeucal eonvlctions. Erasmus lund Monles lor the support of 5tulent5. Internaflonal $¢holars fvnd Monle5 glven to support scholars prlmarllyfrom the majorltyworid. Ubrary& communlcailon$ fvnd A fvnd io purchase multl.volum6 Ind seiles ol prlnted resources 8r)d electronlc resources for the Ilbrary and contilbute to salailes. actlviiles and projects ol the communlcatlons functlon. Old Tesfamenflund Fundlng to iesource wlde r•ngin8 research on ihe Old Testament In Its hlstorlcèl settlng and to communlcate thls to a non. speclallst audlence. Prlnclpal's lund Funds glven io support Ihe post ol Prlnclpal ofTyndale House, Wlseman scholarshlp lund Monle$ Oven In memory ol ()onaldWlseman to support UK PhD >chol•r5. Tran￿*11 bth••n lund• The translers belween restricted and unrestrlcted funds relate to the cross-chaiglng ol central septhces 01 £93,390. restrbcted fund flx¢d asset expendlture 01 £2.149. Th¢re was a transler from the gential lund to the Internatlonal scholars fund lor £io.000. IS Analysls af n•1 as$•ts b•lw••Th lund• Olhern•l eurr•nl T•ngibl• Ilxed wJsels Cash a$$¢ls Total Restrlcled funds Oeslgnatld lund5 Unrestrlcted funds 2.904.078 8,431.557 17.198.334) 4,137,301 2,904.078 12,460.185 767,288 16,131,531 4,028,608 7.965,622 7.965.622 4,028,608 TYNDALE HOUSE NOTES TO ThE FINANCIAL STATEMEI4TS FOR THE YEAR ENDED 30 APRIL2024 16 Commltmenls Capltal eommltments: At 30 Apr 2024 capital commllments totalled ￿G3,620(2023.' £Nill. Commltments under operatlniieases: Total pjyments due under non 130,0331 7.499,027 RKonclll8iion ollunds: Fund5 bff)uihtlorwird at I M•y2022 805,613 4,028.824 735,661 30,033 5,600.131 Funds ¢arrl•d forward al 30 Apill2023 696,201 11,915,970 486,987 13.099,15 27