TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) TABLE OF CONTENTS FOR THE YEAR ENDED 30 APRIL 2025
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|CONTENTS|Page|
|Information|1|
|Report|of the|Trustees|2-10|
|Report of the|Independent Auditors|11-14|
|Statement|of|Financial Activities|15|
|Balance|Sheet|16|
|Statement|of Cash|Flows|17|
|Accounting|Policies|18-19|
|Notes to the|Financial|Statements|20-27|
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TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) INFORMATION
FOR THE YEAR ENDED 30 APRIL 2025
Charity no.
1161396
Company no. 09437542
Current trustees
Mr K Bintley Mrs S Davies-Scourfield Rev DrA Donald Dr S Jenkins Mr D Laing DrDJ Maclean Dr S Moore Mrs S Tett
Leadership team
Dr P Williams Dr N Harrison Dr D Jongkind Mr S Sykes
Registered office and principal address
36 Selwyn Gardens
Cambridge CB3 SBA
Auditors
Chater Allan LLP 7 Quy Court Colliers Lane Stow-Cum-Quy CB25 9AU
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TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
The trustees of Tyndale House and Institute present their report together with the financial statements of the charity for the year ended 30 April 2025, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, Companies Act 2006, the Memorandum and Articles of Association, and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ireland (FRS 102) (effective 1 January 2019).
On the 31 July 2025 the company changed its name to Tyndale House and Institute.
Governing document
Tyndale House and institute (formerly known as Tyndale House) is a company limited by guarantee, governed by its Memorandum and Articles of Association and was incorporated on 12 February 2015. itis registered as a charity with the Charity Commission for England and Wales, charity number 1161396.
Directors and trustees
The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees serving during the year and since 30 April 2025 were as follows:
Mr K Bintley (Chairman)
Mrs S Davies-Scourfietd Rev Dr A Donald Dr S Jenkins Mr D Laing Dr DJ MacLean Dr S Moore Mrs S Tett
Leadership Team
Dr P Williams Principal and Chief Executive Officer Dr N Harrison Director of Finance and IT Dr D Jongkind Academic Vice Principal Mrs A Stevens (until 30 Aprit2025) Director of Engagement Mr S Sykes Vice PrincipalforOperations and Partnerships
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TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
Objectives and principal activities
The objects of the charity are:
“To advance the Evangelical Christian Religion, in particular (but without limitation) through promoting biblical scholarship and research.”
Tyndale House and Institute aims to fulfil these objects by growing an international research community that presents the value of the Bible at the highest academic level. We use our research to resource the Church to understand and trust the Bible, and to promote informed attitudes to the Bible in the wider world.
The library houses a dynamic academic hub that specialises in Bible languages, Bible manuscripts and the ancient world, and offers one of the world’s leading collections of research materials for biblical studies. It brings together outstanding Christian scholars from around the globe to undertake rigorous and innovative biblical scholarship and communicate it in an accessible and engaging way.
The activities of Tyndale House and Institute fall into four primary spheres:
Recruit: identifying the leading evangelical Bible scholars of tomorrow from across the world and resourcing them to excel in their academic field.
Resource: equipping researchers with a wortd-leading collection of materials and supporting them to collaborate with academic colleagues across the globe to advance Bible understanding.
Research: undertaking large-scale academic projects that expand public knowledge of Bible languages, Bible manuscripts and the ancient world.
Reach Out: disseminating our research in a way that engages the Church and the wider world.
Tyndale House and Institute is mindful of the Charity Commission’s guidance on public benefit and has embraced this fully in all aspects of the work of the organisation.
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* TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
Achievements and performance
Recruit
To recruit potential scholars who embody the Tyndale House and Institute Guiding Principles, to nurture spiritual formation, to foster academic excellence and to facilitate academic collaboration.
At Tyndale House and Institute, the mission is to build an international research community of scholars who are evangelical in their convictions, academically able, humbly serve others, and who have the courage to publicly remain faithful to their convictions in academia, the Church, and the world.
Tyndale House and Institute regularly host visits for groups from colleges and universities. As Tyndate House and Institute continues to grow its visibility within a core evangelical constituency, great importance is placed on developing relationships with UK theological colleges as well. These institutions, with their rich networks of potential Tyndale House and Institute readers and scholars, allow the charity to connect with a wider audience. Part of fostering such a network of biblical scholars involves encouraging Christian students to pursue a vocation in biblical scholarship. Tyndate House and Institute has worked in partnership with the UCCF Theology Network to promote biblical scholarship to students and hosted their autumn gathering allowing students to meet with current PhD readers.
A key initiative within Recruit activities is the International Scholars Programme (ISP). Through ISP, Tyndale House and Insitute seeks to enable majority-world scholars to develop technical skills at the highest academic level in order to support Bible research and training in the contexts in which they serve. The addition of Devon Phillips as the Academic Relationships Coordinator in February 2024 has enabled the development of the programme throughout the year.
In recent years, by the grace of God the number of believers across the world has grown, but the global Church is alarmingly underresourced with Bible experts. Some of the most significant language groups in the world have few or no evangelical Bible scholars trained to PhD level. By covering costs to access the research and residential facilities, as well as offering academic and pastoral Support to ISP participants, Tyndale House hopes to address this urgent need.
During the year, Tyndale House and Institute welcomed 31 ISP scholars from Brazil, Cuba, Egypt, Ghana, Hungary, Indonesia, Malaysia, Nigeria, Romania and Sierra Leone. A number of scholars recevied high-quality teaching tailored to them, covering subjects such as reading original Greek manuscripts, foundational Greek grammar, or Semitic languages and dialects.
As scholars return to their home contexts after their studies at Tyndale House and institute, they will be professors and pastors who impact their communities through faithful Bible teaching. The group hosted from CENALAB (Cuban National Centre for Biblical Languages) plans to develop an accredited Master's Programme in Bibical Studies for Cuban students. Strengthening and expanding these relationships across the globe will contribute to the charity's vision of seeing a world that takes the Bible seriously.
Resource
To provide focused academic materials for biblical scholarship, and an environment that nurtures excellent individual and collaborative research.
During the year, Tyndale House and Institute welcomed 256 short- and iong-term researchers representing 34 different countries to the library. In order to equip these scholars, the library staff remain busy managing a growing library collection that now includes over 60,000 volumes. During the year the temporary library arrangements were completed ahead of demolition and construction of a new library on the existing library site which is expected to start during 2025. Although a number of volumes are now stored offsite, access to the core biblical studies collection has been maintained. Study areas have been created in the main house for readers to use.
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TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
In addition to the physical collections, the charity has continued to increase its electronic resources on offer. Using the remote access platform OpenAthens, researchers from around the world can access these resources beyond their stay at Tyndale House and Institute. The ability to continue accessing resources beyond their stay has proved a great help and encouragement to the readers, particularly those linked to the International Scholars Programme. The EBSCO discovery service was successfully launched, which gives a Google like search capabitity covering all of the electronic and print holdings of Tyndale House and Institute through a single search box. Electronic resources can be searched at content level for the first time and the system also concurrently searches the library catalogue for hard copy holdings.
The library services continue to be rated highty when readers leave. In particular, readers’ sense of welcome, the quality of the collection, and the helpfulness of library staff all score on average just under 5 out of 5. Tyndale House and Institute is much more than a library, with opportunities for readers to participate in community activities during their stay. Coffee times, chapel gatherings, events, and community meals happen regularly and these continue to foster connections between readers that last beyond their time at Tyndale House and Institute.
Research
To expand human knowledge of God and his word. To pioneer collaborative academic work in areas of biblical scholarship that resource the Church and challenge the world.
Research on the Greek New Testament continued. The team, led by Dr Dirk Jongkind are continuing to work on the second edition of The Greek New Testament, Produced at Tyndale House, Cambridge (THGNT). The forthcoming second edition will be innovative, especially in how it represents paragraph divisions and punctuation found in the ancient manuscripts. A draft of the textual commentary to accompany the second edition has been finished. This book, which will be an invaluable resource for scholars and students, will explain in detail the technical decisions underlying the text of the THGNT.
The Old Testament team, led by Dr Caleb Howard, has continued their meticulous cataloguing of names in texts from two key Ancient Near Eastern sites: Alalakh and Ugarit. This work will provide vital context for understanding naming patterns in the Old Testament itself, and clarify the relationships between the Old Testament texts and their wortd.
Tyndale House and institute academic staff delivered papers at the Tyndale Fellowship (lune 2024), the Recontre Assyriologique Internationale (July 2024), the Italian Society of Archaeoastronomy (October 2024) and the Evangelical Theological Society Conference (November 2024). Dr Peter Williams is undertaking research preliminary to writing a popular tevel book on the trustworthiness of the Old Testament.
The Tyndale Bulletin academic journal continues to be published as a fully open-accessdigital journal, with articles published on a rolling-basis, alongside an annual print edition. Efforts to make the journal more accessible are bearing fruit. Newly published articles are immediately available at no cost on the journal website, which also contains the entire archive back to 1956. Across the last year article pages have been viewed over 39,300 times.
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TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
Reach Out
To equip the Church and wider public to understand and trust the Bible more. To promote Tyndale House as a reliable source of information about the Bible.
During the year, Tyndale House and Institute has continued to produce and distribute popular-level resources that promote better Bible understanding. TH Ink, the charity's quarterly digital magazine focusing on the background of the Bible, biblical languages and texts, and Bible engagement, has continued to be published. Two print editions were also published in the year. Tyndale House and Institute continued its podcast series with series on ancient names in the Old Testament, New Testament manuscripts and interviews with our scholars.
Academic team members (especially Peter Williams and Tony Watkins) have given numerous popular-level talks at churches and conferences, as well as interviews on radio and podcasts, this year.
For those who live outside Cambridge, the World of the Bible day conferences bring Tyndale House and Institute’s academic research to life in an engaging and accessible way, to help people from all backgrounds deepen their knowledge and trust in Scripture. This year, conferences were held in Cardiff and Nottingham, with a global audience tuning in online, with a record number of attendees.
Acknowledgements
When looking at the achievements of Tyndale House and Institute over the previous year, we, the trustees, are grateful to God and grateful to our supporters for their prayers and financial generosity. We give thanks to God for all of those who carry out research at Tyndale House, for their families and for our dedicated and hardworking staff.
Future Plans
Tyndale House and Institute expects to continue to grow the International Scholars programme with several groups visiting. In September 2025, the pilot Annual Seminar for Advanced Technical Skills in Biblical Studies will be be held in Kenya. This is a twoweek residential workshop with 14 students selected to participate from across Africa.
Demolition of the existing library building and construction of the new library will begin. The new building will double the library space and offer enhanced study and meeting space to enable it to better develop and communicate the importance of biblical scholarship and research findings in this area. During the construction period, which is expected to last for around two years, temporary library space and study space will be made available to minimise disruption to research activities. Tyndale House will be looking to purchase additional residential accommodation to enable more scholars to complete PhDs in biblical studies and to gain post-doctoral research experience.
The current Old and New Testament research projects will continue their ongoing work. In addition, Dr Peter Montoro is expected to move to Cambridge from the USA to continue the next phase of the New Testament project, which will use newly available databases of textual variants to further itluminate the history of[the][text.]
The charity will continue to reach out and promote better Bible understanding. New material will continue to be produced for the Tyndale House and Institute podcast, including a series on the prophets. Tyndale House and Institute will also host World of the Bible conferences in Cambridge and London.
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TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
Financial review
At 30 April 2025 the net assets of the charity totalled £18,103,839 made up as follows:
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¢ Restricted funds £3,410,518
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¢ Designated funds £13,300,147
e Unrestricted general funds £1,393,174
The year saw a net increase in total funds of £1,972,308. This comprises an increase in unrestricted general funds of £625,886 an increase in designated funds of £839,982 and an increase in restricted funds of £506,440. Further details of the movements on designated and restricted funds are shown in Notes 13 and 14 of the financial statements.
The principal funding source during the year continued to be donation income from charitable bodies and individuals. There were generous donations during the year towards our new library building and academic projects. in addition, further funds donated to the general fund were designated to the property fund.
Significant cash balances are currently held in advance of construction of the new library and these balances have generated £477,004 interest income in the year.
Expenditure has increased from that of the previous year, which has primarily been driven by higher staff costs due to an expansion of the staff team, both research and operations, and inflationary increases. During the year a 4-bedroom house was purchased adjacent to the Tyndale House site to expand the accommodation offering, which is enables us to accommodate and grow the International Scholars Programme during the new library building project.
The balance on the Old Testament fund and the balance on the courageous scholars fund (both restricted funds) are expected to be expended over the next two years. A transfer from the academic appeal fund to the Old Testament fund was made during the year to support the ongoing Old Testament project. The balance on the academic appeal restricted fund will support the continuation of the New Testament project. Monies in the capital appeal fund and property fund are expected to be expended over two years from the demolition of the exisiting library.
Remuneration policy
it is the charity’s policy to review salaries on an annual basis. Any proposed pay increase is based on a range of indices including the Retail Price Index and the Consumer Price Index but is also dependent on the charity’s financial position. This proposed pay increase for each member of staff is recommended as part of the budget process and this is then discussed, reviewed and approved by the trustees.
In addition to salary and employee pension, the charity provides death-in-service life assurance cover for all staff. Salary benchmarking for certain roles is carried out on a periodic basis as recommendedbythe trustees.
Risk management and principal risks
The trustees have examined the major strategic, business and operational risks that the charity faces and have established procedures for regular review and reporting so that the necessary steps can be taken to lessen them. The risks and mitigating actions are set out in a detailed risk register, which is reviewed by the trustees on at least an annual basis.
- The key risks are those which could affect our financiat position or fundraising capabilities and include: * Dependency upon a relatively small group of key donors for the majority of our donation income; e Loss of key members of staff.
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TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
investment policy
The trustees have considered the most appropriate policy for investing surplus funds and have found that deposit accounts are the most suitable investment vehicle at the present time but this is kept under review with the benefit of professional advice.
Reserves policy
The trustees recognise that reserves are needed in order to ensure that the difference between the spending and receiving of income, unexpected fluctuations in income and unplanned expenditure do not have a detrimental effect on the continuing work of the charity.
The charity's reserves at 30 April 2025 which are more fully defined and described in Notes 12, 13 and 14 to the Financial Statements comprised:
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¢ Restricted Funds held for purposes specified by the donors - £3,410,518
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Designated Funds, which are unrestricted funds held and applied for areas of the charity’s future work specified by the trustees plus the Fixed Asset Fund which holds the value of reserves that equate to the net book vaiue of the charity’s tangible fixed assets - £13,300,147
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e General Funds which represent the remaining funds and equate to the free reserves of the charity-£1,393,174
The trustees have adopted a policy that the free reserves of the charity should at any time be sufficient to cover its budgeted operating costs (which are not funded from Restricted or Designated Funds) for 12 weeks. At 30 April 2025 the free reserves totalled £1,393,174 compared to a required balance of £251,151 based on the 2025-26 budget so the requirements of the policy were satisfied.
Given the ongoing economic uncertainties and the trustees plans to continue with major refurbishment and building maintenance projects, the trustees consider it appropriate to carry this level of free reserves.
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TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE)
FOR THE YEAR ENDED 30 APRIL 2025
REPORT OF THE TRUSTEES
Structure, governance and management
Appointment and induction of trustees
Trustees are appointed, and can be reappointed, on a defined rotational basis, in accordance with the Articles of Association. New trustees are provided with a suitable induction into the charity's objects and ways of working from a governance perspective.
The procedures and training in place for new trustees are as follows:
Before being appointed, each prospective trustee is invited to attend a board meeting as an observer and to meet with key management staff. Careful evaluation of all potential new appointments is made, to understand their skills, knowledge, and relevant experience, biblical convictions, and the contribution they would make to the Board of Trustees.
New trustees are inducted to give them an understanding of the charity's objects and ways of working from a governance perspective. Prior to appointment they receive the following documents:
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The Essential Trustee — What You Need to Know (published by the Charity Commission}
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- Acopy of the Tyndale House and Institute Memorandum and Articles of Association ¢ Acopy of Tyndale House and institute doctrinal basis and ethos statement which they are required to sign on appointment and on re-appointment if their trusteeship is extended
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¢ Acopy of the latest audited financial statements * Access to a repository containing strategic planning documentation, policies and other pertinent materials
Organisation
The Board of Trustees, which can have up to 11 members, administers the charity. It usually meets quarterly to set policy and review the activities of the charity. Various members of staff routinely attend board meetings. These include the Principal, the Academic Vice Principal, the Vice Principal for Operations and Partnerships, the Director of Engagement (until 30 Aprit 2025) and the Director of Finance and IT.
The Principal, who acts as chief executive officer, is appointed by the trustees to lead the day-to-day operations of the charity. He is assisted by the Academic Vice Principal, the Vice Principal for Operations and Partnerships, the Director of Engagement (until 30 April 2025) and the Director of Finance and IT.
The Board of Trustees has two committees. The Academic Committee provides oversight of academic programmes and appointments, and the Business Committee provides oversight of business and financial decisions.
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TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
Statement of trustees’ responsibilities
The charity trustees (who are also directors of Tyndale House and Institute for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, for that period. In preparing the financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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¢ Observe the methods and principles in the Charities SORP; * Make judgements and estimates that are responsible and prudent; ¢ State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ascertain the financial position of the charity and to enable them to ensure that the financial statements comply with applicable law. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement as to disclosure to our auditors
in so far as the trustees are aware there is no relevant audit information of which the charity’s auditors are unaware, and they have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the charity’s auditors are aware of that information, and they have made such enquiries of their fellow trustees and of the charity’s auditors for that purpose, and taken such other steps (if any) for that purpose, as required by their duty as trustees of the charity to exercise due care, skill and diligence.
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By order of the Board of Trustees,
MrK Bintley Tey& can
Chairman
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Date: 17 September 2025
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TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) REPORT OF THE INDEPENDENT AUDITORS TO THE BOARD OF TRUSTEES
Opinion
We have audited the financial statements of Tyndale House and Institute (the charitable 'company’) for the year ended 30 April 2025 which comprise the Statement of Financial Activities (including Income and Expenditure account), the Balance Sheet, the Statement of Cash Flows and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 30 April 2025 and of its surplus for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK}) and applicable taw. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information in the Report of the Trustees, but does not include the financial statements and our Report of the Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement ofthis other information, we are required to report that fact. We have nothing to report in this regard.
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TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) REPORT OF THE INDEPENDENT AUDITORS TO THE BOARD OF TRUSTEES
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are to required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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- we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditors’ responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the annual financial statements from our general commercial and charitable company specific experience, through discussion with the Trustees (as required by auditing standards), and from inspection of the charitable company's regulatory correspondence, and we discussed with the Trustees the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indication to non-compliance throughout the audit; the audit team are deemed both competent and capable of identifying non-compliance with rules and regulations.
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TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) REPORT OF THE INDEPENDENT AUDITORS TO THE BOARD OF TRUSTEES
Auditors’ responsibilities for the audit of the financial statements (continued)
The potential effect of these laws and regulations on the annual financial statements varies considerably. Firstly, the charitable company is subject to laws and regulations that directly affect the annual financial statements including financial reporting legislation and taxation legislation, and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related annual account items. Secondly, the charitable company is subject to other laws and regulations where the consequences of non-compliance could have a material effect on the amounts or disclosures in the financial statements, for instance non-compliance with industry regulations.
We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
The audit engagement team discussed opportunities and incentives that may exist within the organisation for fraud and how fraud might occur in the financial statements. In particular, we assessed the potential impact of the global pandemic known as Covid-19 on the risk of fraud. The audit engagement team remained alert to any indication of fraud throughout the audit.
In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of fraud through management bias and override of controls. In addressingthe risk of fraud through management override of controls we:
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reviewed the financial statement disclosures and tested to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
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¢ reviewed the financial statement disclosures and tested to supporting documentation to assess the recognition of revenue;
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¢ enquired of trustees and management and those charged with governance concerning actual and potential litigation and claims;
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tested the appropriateness of journal entries and other adjustments;
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read minutes of meetings of those charged with governance and reviewed internal controls; and
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assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias.
We did not identify any instances offraud during the course of our audit.
Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and inspection of regulatory and legal correspondence, if any. Through these procedures, we did not become aware of any actual or suspected non-compliance with laws and regulations. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.
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TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) REPORT OF THE INDEPENDENT AUDITORS TO THE BOARD OF TRUSTEES
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Stuart Graham Berriman (Senior Statutory Auditor)
For and on behalf of Chater Allan LLP
Chartered Accountants and Statutory Auditors 7 Quy Court Colliers Lane Stow-Cum-Quy Cambridgeshire CB25 9AU
Date: £6 CEPTEMLES 2027
14
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE)
STATEMENT OF FINANCIAL ACTIVITIES
(including Income and Expenditure account)
FOR THE YEAR ENDED 30 APRIL 2025
| Unrestricted | Designated | Restricted | TOTAL | TOTAL | ||
|---|---|---|---|---|---|---|
| General Fund | Funds | Funds | FUNDS | FUNDS | ||
| 2025 | 2025 | 2025 | 2025 | 2024 | ||
| Note | £ | £ | £ | £ | £ | |
| Incomefrom: | ||||||
| Donations and legacies | 1 | 2,271,609 | - | 634,044 | 2,905,653 | 3,837,088 |
| Charitable activities | 2 | 184,345 | - | - | 184,345 | 385,861 |
| Investment income | 38,899 | 318,222 | 119,883 | 477,004 | 317,133 | |
| Totalincome | 2,494,853 | 318,222 | 753,927 | 3,567,002 | 4,540,082 | |
| Expenditure on: | ||||||
| Raisingfunds | 41,468 | - | - | 41,468 | 44,087 | |
| Charitable activites | 3 | 965,106 | 416,025 | 172,095 | 1,553,226 | 1,463,622 |
| Totalexpenditure | 1,006,574 | 416,025 | 172,095 | 1,594,694 | 1,507,709 | |
| Netincome/(expenditure) | 1,488,279 | (97,803) | 581,832 | 1,972,308 | 3,032,373 | |
| Transfers between funds | (862,393) | 937,785 | (75,392) | - | - | |
| Netmovement infunds | 625,886 | 839,982 | 506,440 | 1,972,308 | 3,032,373 | |
| Reconciliation offunds: | ||||||
| Funds broughtforward at 1May2024 | 767,288 | 12,460,165 | 2,904,078 | 16,131,531 | 13,099,158 | |
| Fundscarriedforwardat30April2025 | 1,393,174 | 13,300,147 | 3,410,518 | 18,103,839 | 16,131,531 |
The notes on pages 20 to 27 form part of these accounts.
15
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) COMPANY NO. 09437542 BALANCE SHEET
AS AT 30 APRIL 2025
| Note | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible fixed assets | 8 | 6,584,926 | 4,028,608 |
| Currentassets | |||
| Stock | 1,990 | 1,475 | |
| Debtors | 9 | 267,231 | 207,366 |
| Currentassetinvestments | 10 | 8,761,495 | 7,916,152 |
| Cash and cashequivalents | 2,648,718 | 4,137,301 | |
| 11,679,434 | 12,262,294 | ||
| Creditors:amountsfallingduewithinoneyear | 11 | (160,521) | (159,371) |
| Netcurrentassets | 11,518,913 | 12,102,923 | |
| Netassets | 18,103,839 | 16,131,531 | |
| Thefunds ofthe charity: | |||
| Unrestricted general fund | 12 | 1,393,174 | 767,288 |
| Designated funds | 13 | 13,300,147 | 12,460,165 |
| Restrictedfunds | 14 | 3,410,518 | 2,904,078 |
| 15 | 18,103,839 | 16,131,531 |
The financial statements were approved bythe trustees 17 September 2025 and signed on their behalf by:
Mr KVaBintley tle| Chairman
The notes on pages 20 to 27 form part of these accounts.
16
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) STATEMENT OF CASHFLOWS
.
FOR THE YEAR ENDED 30 APRIL 2025
==> picture [491 x 372] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Cash flows from|operating activities|
|Net income for the year|1,972,308|3,032,373|
|Adjustments|for:|
|Interest received|(477,004)|(317,133)|
|Depreciation|130,398|125,297|
|Loss on|saleoffixed|assets|807|361|
|(Increase}/decrease|in stock|(515)|(647)|
|(Increase)/decrease|in debtors|(59,865)|(146,594)|
|Increase/(decrease)|in|creditors|1,150|25,748|
|Total cash from operating|activities|1,567,279|2,719,405|
|Cash flows from|investing activities|
|Purchase|oftangible fixed assets|(2,687,523)|(874,122)|
|Interest received|477,004|317,133|
|Total cash from|investing activities|(2,210,519)|(556,989)|
|Net (decrease)/increase|in cash and cash equivalents|(643,240)|2,162,416|
|Cash and cash equivalents at the beginning of the year|12,053,453|9,891,037|
|Cash and cash equivalents at the end of the year|11,410,213|12,053,453|
|Cash and|cash equivalents|consist|of:|
|Cash|at bank and|in hand|798,593|626,915|
|Short-term|deposits|1,850,125|3,510,386|
|Current|asset investments|- Cash equivalents|on deposit|8,761,495|7,916,152|
|Total cash and cash equivalents|11,410,213|12,053,453|
----- End of picture text -----
17
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) ACCOUNTING POLICIES
FOR THE YEAR ENDED 30 APRIL 2025
Tyndate House and Institute is a private company, limited by guarantee, registered in England and Wales. The company’s registered number and registered office address can be found on the company information page. It is also registered as a charity with the Charity Commission for England and Wales, charity number 1161396.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (2019) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of ireland (FRS 102) and the Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy. The principal accounting policies adopted are set out below. a) Tangible fixed assets Tangible fixed assets are stated at their purchase price, together with any incidental expenses of acquisition to bring the asset into working condition for its intended use.
Depreciation is provided at rates calculated to write off the cost of those assets on a straight line over their expected useful lives. The principal annual rates used are:
| Computers and other shorter life equipment | 33% |
|---|---|
| Fixtures and fittings | 12.5% |
| Landandbuildings | 2%-5% |
b) Income Income, including legacies, is included on a receivable basis with the exception of royalties and donations, which are accounted for on a received basis, unless the donation is committed before the year end and there is reasonable assurance of receipt.
c) Support and governance costs
Support costs are those costs that do not specifically relate to charitable activities and include administrative staff costs, IT support, general office and property costs, irrecoverable VAT and governance costs. The basis on which support costs have been allocated to charitable activities are set out in Note 4. Governance costs comprise atl costs involving the public accountabilty of the charity and its compliance with regulation and best practice. These costs include external audit and accountancy fees, legal fees and trustees’ expenses.
d) Restricted and designated funds income and expenditure relating to restricted and/or designated purposes are reflected in the Statement of Financial Activities (SOFA), with the resultant net incoming/outgoing resources thereon being appropriated each year to separate funds in the balance sheet.
e) Taxation In accordance with Section 505 ICTA 1988 there is no taxation charge arising from the result for the year.
f) Stock Stock relates to merchandising products and books and is stated at the lower of cost and net realisable value. g) Operating leases
Rental charges are charged against income on a straight line basis over the lease term.
h) Policy for recognition of liabilities All expenditure is included in the SOFA in accordance with the accruals concept. A liability arises as soon as there is a legal or constructive obligation committing the charity to the expenditure.
18
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) ACCOUNTING POLICIES
FOR THE YEAR ENDED 30 APRIL 2025
i) Foreign currency
Assets, liabilities, revenues and costs expressed in foreign currencies are translated into sterling at rates of exchange ruling on the date on which transactions occur, except for monetary assets and liabilities which are translated at the rate ruling at the balance sheet date.
j) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
k) Current asset investments
Current asset investments include cash equivalents on deposit which have an original maturity date greater than three months. These are considered basic financial instruments and are measured at cost less impairment.
) Cash and cash equivalents
Cash and cash equivalents include cash held at bank and in hand, short-term highly liquid investments with an original maturity of less than three months which are readily convertible to known amounts of cash and subject to an insignificant change in value.
m) Pensions
All eligible staff are now auto-enrolled into a workplace pension scheme run by The Peoples Pension in line with the legislation. Tyndale House makes employer contributions into the scheme and pension contributions payable to the scheme are charged to the SOFA in the period to which they relate.
n) Going concern
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and the charity is well placed to manage its business risks. Accordingly they continue to adopt the going concern basis in preparing the annuat report and accounts.
19
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
i Donations and legacies
| Donations andand legacies | |||||
|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | |||
| funds | Funds | Funds | Total | Total | |
| 2025 | 2025 | 2025 | 2025 | 2024 | |
| Donations Legacies |
£ 1,403,701 867,908 |
£ - - |
£ 534,044 100,000 |
£ 1,937,745 967,908 |
£ 3,832,534 4,554 |
| 2,271,609 | - | 634,044 | 2,905,653 | 3,837,088 | |
| Incomefrom charitable activities | |||||
| Unrestricted | Designated | Restricted | |||
| funds | Funds | Funds | Total | Total | |
| 2025 | 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | £ | |
| Rentalincomeand libraryfees Conferencesand other fees Tyndalebulletinand othersubscriptions Otherincome |
157,256 2,591 12,686 11,812 |
- - - - |
- - - - |
157,256 2,591 12,686 11,812 |
241,722 2,682 13,049 128,408 |
| 184,345 | - | - | 184,345 | 385,861 | |
| Expenditureon charitable activities | |||||
| Unrestricted | Designated | Restricted | |||
| funds | Funds | Funds | Total | Total | |
| 2025 | 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | £ | |
| Direct Salariesand relatedcosts Bursariesand researchgrants Bulletincosts |
242,083 - 7,714 |
229,553 - 265 |
143,925 7,000 - |
615,561 7,000 7,979 |
558,668 22,423 6,719 |
| Booksand otherlibrarycosts Conferenceandeventcosts Property costs |
85,687 8,908 178,049 |
- 3,097 49,624 |
3,160 8,897 - |
88,847 20,902 227,673 |
77,343 21,637 218,074 |
| Communicationsand resources Depreciation Lossondisposaloffixed assets General expenses Exchange(gain)/loss |
30,975 - - 15,919 14,701 |
1,009 103,527 807 711 25 |
827 - - 8,230 56 |
32,811 103,527 807 24,860 14,782 |
27,361 98,427 361 21,155 825 |
| Interestandfinancialcharges | 5,798 | - | - | 5,798 | 4,823 |
| Governance costs(Note5) Supportcosts(Note4) |
589,834 24,279 350,993 |
388,618 - 27,407 |
172,095 - - |
1,150,547 24,279 378,400 |
1,057,816 35,862 369,944 |
| 965,106 | 416,025 | 172,095 | 1,553,226 | 1,463,622 |
2 Income from charitable activities
3 Expenditure on charitable activities
20
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
4 Support costs
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----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Designated|Restricted|
|funds|Funds|Funds|Total|Total|
|2025|2025|2025|2025|2024|
|£|£|£|£|£|
|Admin|staff costs|299,635|-|-|299,635|282,610|
|IT|19,516|-|-|19,516|37,266|
|Depreciation|-|26,871|-|26,871|26,870|
|Irrecoverable VAT|9,370|-|-|9,370|9,623|
|General office costs|22,472|536|-|23,008|13,575|
|350,993|27,407|-|378,400|369,944|
|5|Governance|costs|
|Unrestricted|Designated|Restricted|
|funds|Funds|Funds|Total|Total|
|2025|2025|2025|2025|2024|
|£|£|£|£|£|
|Salaries|16,223|-|-|16,223|16,203|
|Audit fees|7,200|-|-|7,200|6,617|
|Legal and|professionalfees|194|-|-|194|11,253|
|Trustee board costs|662|-|-|662|1,789|
|24,279|-|-|24,279|35,862|
|6|Netincome|is stated|after charging|
|2025|2024|
|£|£|
|Depreciation of fixed assets|130,398|125,297|
|Audit fees|7,200|6,617|
|Auditors|other services|-|1,671|
|Operating leases|- equipment|945|1,163|
|7|Employees and|staff costs|
|2025|2024|
|£|£|
|Gross wages and|salaries|783,945|728,063|
|Employers'|national insurance|64,050|61,087|
|Employers’|pension contributions|66,456|65,441|
|Redundancy costs|-|2,908|
|914,451|857,499|
|The following number of staff have emoluments above £60,000:|
|2025|2024|
|No.|No.|
|Between £60,000|- £70,000|1|1|
|Between|£70,001|- £80,000|-|-|
|Between £80,001|- £90,000|-|1|
|Between|£90,001|- £100,000|1|-|
----- End of picture text -----
21
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
7 Employees and staff costs (continued)
In order to fulfil his employment responsibilities the Principal is required to live on site in accommodation provided by the charity which is also used for the charity's activities. This provision is valued and treated as a benefit for disclosure purposes in these financial statements.
Employee benefits received by key management personnel during the year totalled £315,521 (2024: £297,185).
The Trustees received no remuneration but expenses reimbursed for two trustees were £477 (2024: £1,214 - three trustees) during the year. The Trustees are covered by an indemnity insurance policy, but it is not possible to separate the individual cost of this insurance to the charity.
==> picture [474 x 47] intentionally omitted <==
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|||||
|---|---|---|---|
|2025|2024|
|Average number of employees|during the year|No.24|No.24|
|Full time equivalent|20|21|
----- End of picture text -----
8 Tangible fixed assets
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----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Freehold|Building|
|land and|Fixtures|Computer|under|
|buildings|and fittings|equipment|construction|Total|
|£|£|£|£|£|
|Cost:|
|At 1 May 2024|4,385,496|421,832|26,481|426,859|5,260,668|
|Additions|2,007,886|34,322|4,992|640,323|2,687,523|
|Transfers|-|14,353|-|(14,353)|-|
|Disposals|-|(33,416)|-|-|(33,416)|
|At 30 April 2025|6,393,382|437,091|31,473|1,052,829|7,914,775|
|Depreciation:|
|At 1 May 2024|937,072|272,892|22,096|-|1,232,060|
|Charge for the year|87,050|40,123|3,225|-|130,398|
|Disposals|-|(32,609)|-|-|(32,609)|
|At 30 April 2025|1,024,122|280,406|25,321|-|1,329,849|
|Net|book value:|
|At 30 April 2025|5,369,260|156,685|6,152|1,052,829|6,584,926|
|At 30 April 2024|3,448,424|148,940|4,385|426,859|4,028,608|
----- End of picture text -----
All of the charity's assets are used for charitable purposes.
22
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
9 Debtors
==> picture [491 x 402] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Trade debtors|2,397|2,464|
|VAT recoverable|14,368|12,537|
|Other debtors|38,604|15,194|
|Prepayments|82,237|72,308|
|Accrued|income|129,625|104,863|
|267,231|207,366|
|10|Current asset investments|
|2025|2024|
|£|£|
|Cash equivalents on deposit|8,761,495|7,916,152|
|8,761,495|7,916,152|
|11|Creditors:|amounts falling due within one year falling due within one year due within one year within one year one year year|
|2025|2024|
|£|£|
|Trade creditors|79,874|66,684|
|Taxation and|social security costs|10,900|10,323|
|Other creditors|27,322|25,239|
|Accruals|25,152|39,760|
|Deferred|income|17,273|17,365|
|160,521|159,371|
|Deferred|income comprises grants,|library fees,|conference fees,|rental income and|subscriptions.|
|Deferred|income brought forward|17,365|21,698|
|Income deferred|in the year|17,273|17,365|
|Amount released|in the year|(17,365)|(21,698)|
|Deferred|income|carried|forward|17,273|17,365|
----- End of picture text -----
11 Creditors: amounts falling due within one year falling due within one year due within one year within one year one year year
12 Unrestricted funds
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|||||||
|---|---|---|---|---|---|
|At 30 April|
|At 1|May 2024|Incoming|Outgoing|Transfers|2025|
|£|£|£|£|£|
|General|767,288|2,494,853|(1,006,574)|(862,393)|1,393,174|
|767,288|2,494,853|(1,006,574)|(862,393)|1,393,174|
----- End of picture text -----
23
&
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
13 Designated funds
| At30April | |||||
|---|---|---|---|---|---|
| At1May2024 | incoming | Outgoing | Transfers | 2025 | |
| £ | £ | £ | £ | £ | |
| Fixedassetfund | 4,028,608 | - | (131,205) | 2,687,523 | 6,584,926 |
| Programmesfund | 475,586 | 13,697 | (234,601) | 214,584 | 469,266 |
| Propertyfund | 7,955,971 | 304,525 | (50,219) | (1,964,322) | 6,245,955 |
| 12,460,165 | 318,222 | (416,025) | 937,785 | 13,300,147 |
The fixed asset fund equates to the value of the land and buildings and other tangible fixed assets of Tyndale House and institute.
The programmes fund is monies designated to cover multi-year commitments for staffing and other non-property related costs.
The property fund is monies designated for the refurbishment, re-purposing, maintenance, upgrades and expansion of the existing property and grounds and funds to purchase or build and make alterations to new property.
The net transfer balance of £937,785 comprises designated transfers from the general fund of £695,882 to the property fund and £250,000 to the programmes fund and fixed asset expenditure of £25,220 out of the general fund. There is a transfer between the property fund and the fixed asset fund for £2,660,204 and between the programmes fund and fixed asset fund for £2,099. There is a transfer between the programmes fund and the general fund relating to the cross-charging of central services of £33,317.
14 Restricted funds
| At30April | |||||
|---|---|---|---|---|---|
| At1May2024 | incoming | Outgoing | Transfers | 2025 | |
| £ | £ | £ | £ | £ | |
| Academicappeal | 585,169 | 23,724 | - | (365,336) | 243,557 |
| Capitalappeal | 2,089,133 | 547,159 | - | - | 2,636,292 |
| Courageousscholarsfund Erasmusfund |
62,168 938 |
1,647 150 |
(25,022) - |
(8,352) - |
30,441 1,088 |
| Internationalscholarsfund | 6,477 | 160,675 | (16,015) | (29,416) | 121,721 |
| Library&communicationsfund OldTestamentfund |
6,966 114,164 |
- 1,952 |
(4,324) (112,140) |
- 330,112 |
2,642 334,088 |
| Principal'sfund | 38,800 | 16,944 | (14,594) | (2,400) | 38,750 |
| Wisemanscholarshipfund | 263 | 1,676 | - | - | 1,939 |
| 2,904,078 | 753,927 | (172,095) | (75,392) | 3,410,518 |
Description of funds:
Academic appeal
Monies donated to support the research at Tyndale House and Institute.
Capital appeal
Monies given for the acquisition/construction of new buildings, refurbishment, rebuilding or expansion of existing facilities.
24
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
14 Restricted funds (continued)
Courageous scholars fund
Funding to enable scholars to carry out short or long term research at Tyndale House and Institute who personify the Tyndale House and Institute Guiding Principles of courage, humility,academic excellence and evangelical convictions.
Erasmus fund
Monies for the support of students.
International scholars fund
Monies given to support scholars primarily from the majority world.
Library & communications fund
A fund to purchase multi-volume and series of printed resources and electronic resources for the library and contribute to salaries, activities and projects of the communications function.
Old Testament fund
Funding to resource wide ranging research on the Old Testament in its historical setting and to communicate this to a nonspecialist audience.
Principal's fund
Funds given to support the post of Principal of Tyndale House and Institute.
Wiseman scholarship fund
Monies given in memory of Donald Wiseman to support UK PhD scholars.
Transfers between funds
The transfers between restricted and unrestricted funds relate to the cross-charging of central services of £75,392. There was a transfer from the Academic appeal to the Oid Testament fund for £365,336, as it was decided to allocate 60% of the appeal fund to Old Testament Research.
15 Analysis of net assets between funds
| Analysis of net assetsnet assets between fundsfunds | ||||
|---|---|---|---|---|
| Other net | ||||
| Tangible | current | |||
| fixed assets | Cash | assets | Total | |
| £ | £ | £ | £ | |
| Restricted funds | - | 816,416 | 2,594,102 | 3,410,518 |
| Designated funds | 6,584,926 | 1,607,502 | 5,107,719 | 13,300,147 |
| Unrestrictedfunds | - | 224,800 | 1,168,374 | 1,393,174 |
| 6,584,926 | 2,648,718 | 8,870,195 | 18,103,839 |
25
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
16 Commitments
Capital commitments:
At 30 Apr 2025 capital commitments totalled £125,350 (2024: £263,620).
Commitments under operating leases:
Total payments due under non-cancellable operating leases are as follows:
| Equipment | Equipment | |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Lessthan oneyear | 1,468 | 175 |
| Withintwo to fiveyears | 4,127 | - |
| 5,595 | 175 |
17 Related party transactions
During the period the aggregate donations from trustees and key management personnel was £41,683 (2024: £26,471).
18 Unrestricted donations
Included in unrestricted donations are donations of US securities which upon receipt had a value of £Nil (2024: £604,193). These were sold immediately on receipt in GBP incurring selling costs of ENil (2024: £9,400). The net value of £Nil (2024: £594,793) has been recognised in the Statement of Financial Activities.
19 Post balance sheet events
Subsequent to the year end, the existing library building was demolished and a contract for the new library building is expected to be signed on the completion of archaelogical investigations.
26
TYNDALE HOUSE AND INSTITUTE (FORMERLY KNOWN AS TYNDALE HOUSE) NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
20 Comparative statement of financial activities
| Unrestricted | Designated | Restricted | TOTAL | |
|---|---|---|---|---|
| General Fund | Funds | funds | FUNDS | |
| 2024 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | |
| Income from: | ||||
| Donations and legacies | 1,120,699 | - | 2,716,389 | 3,837,088 |
| Charitable activities | 385,443 | - | 418 | 385,861 |
| Investment income | 28,703 | 267,936 | 20,494 | 317,133 |
| Totalincome | 1,534,845 | 267,936 | 2,737,301 | 4,540,082 |
| Expenditureon: | ||||
| Raisingfunds | 42,509 | - | 1,578 | 44,087 |
| Charitable activites | 924,506 | 306,023 | 233,093 | 1,463,622 |
| Totalexpenditure | 967,015 | 306,023 | 234,671 | 1,507,709 |
| Netincome/(expenditure) | 567,830 | (38,087) | 2,502,630 | 3,032,373 |
| Transfers betweenfunds | (496,743) | 582,282 | (85,539) | - |
| Netmovement infunds | 71,087 | 544,195 | 2,417,091 | 3,032,373 |
| Reconciliation offunds: | ||||
| Funds broughtforward at 1 | ||||
| May2023 | 696,201 | 11,915,970 | 486,987 | 13,099,158 |
| Funds carried forward at30 | ||||
| April2024 | 767,288 | 12,460,165 | 2,904,078 | 16,131,531 |
27