FOR THE YEAR END
31 DECEMBER 2020
Cha17ty Number (Enwand and Wales): 1176241

SAUSBURY REFORMED SEMINARY
FOR THE YEAR END
31 DECEMBER 2020
Contents
Independent Examinerfs Report
Balance Sheet 2020

Report of the Trustees
For the year end 31 December 2020
31 December 2020.
Charity Name and N￿ther
The full name of the fvity is the Safthtry Ref￿￿j Seminary (SRS). It is WISt￿ed ￿ryth the Charity
Comrnwion in Enghnd and Wales *ith Chwity Number 1176241.
Salisbury Reformed Seminary
Grove Hcxtse
18, Wilton Road
Salisbury
SP2 7EE
The Salisbury Refornied Seminary is a thitaik Inco[rA￿ Ckgantsalion (CIO). registered as a
Charity operating in acc%)rdan￿ with its Goveming DO￿￿enl The Charity Trustees are all current or
r￿ntlY retired Church Minister5 or elders of Refonned Chith. On 31 Decemlw 2020. the Charity
The trustees of the Charity WIK) seTved for all of Ihe year are as follow5:
Rev Roland Burrows
Rev Chris Buss
Pastor RiL*ard A Clarke (Treaswer)
Rev Simon Green #
Rev Dewi W Higham (Registiw)
Pastor David Kay
Rev Pooyan Mehrshahi
Rev Neil PFeiffer
Mr Dale Roberts #
Rev Jthn Saunders
Rev John Thad(way
Rev Malcolm H Watts # (Chairman}
# Trustee of Emmanuel Church. SaliSt￿ry.
Sino the yew end there have been Trustee ￿si￿all(￿ as folhxE:
Rev Simon Green (resigned 11 Fetyuary 2021)
Mr Dale Roberts (resigned 12 Febrn￿ry 2021)
Both resignations were acwtsd by the Tr￿eeS m8etir¥J hehj rx122 Fetrw 2021. There have been
no other changes of Trustees to date since the year-erKL
The Trustees receive m remunerati(￿ for their lecturing Servi￿ and receive no addibonal benefits
beyoNI what a regular benefi¢iary of the <*wity mKJht receive. Necessary expenses ara reimbursèd
sutyect to approval by Treasurer.

SAUSBURY REFORMED SEMINARY
Report of thè Trustees
For the year end 31 December 2020
The Charity holds no title to property but operates in premises under a li*nse agreement ￿￿th
Emmanuel Church, Salisbury, vtho hold tide to those premtses. To avoid potenttal confiicts of interest
arising at any time, no Twstee who is also an Offi￿ bearer or member of Emmanuel Church Salisbury
can vote on any matters where a potential com1ict may arise.
The Trustees meet regularfy to Overs￿ and approve all matte[5 relating to the Seminary, to set and
monitor the annual revenue budget and review the tharity's strategic risk register.
Independent Examiner
Total Accounting Services
10 Drake Mill Business Park
Plymbridge Road
Plymouth PL6 7PS
Bankers
The Co-operattve Bank plc
1 Balloon Street
mand￿ster M60 4EP
The Charity's Object and Activibes
The Object of the Seminary is to advan￿ the Christian reliqFon for the pubfic benefit in, but not
exhaustively by, training and preparing Ministers for Refomied Churches primarily in the United
Kingdom thereby factlitating public benefft by way of spiritual and practi¢a] ministy in the communities
in which those churches are established.
The Charity is involved in one a¢tNty and therefore, in the context of the SORP FRS 102 requirement
to analyse the figures over ac*ivibes, projects or services. the Charity's financaal statements reflect just
this single activtty.
Public Benefft & Impa
The Trustees have regard to guidan￿ published by the Charity Commission. including that in relation
to Public Benefft. which requires that the Trustees make decrsKins which..
ensure that the charivs Purpl￿ provrdes ben￿,
manage risks of detriment or hami to the charity's beneficiaries or to the public in general from
Carying out the charity's purpo￿.
detemiine who benefrts in ways that are consistent wtth the charity's purpose;
make sure any personal beneffts are no more than incidental.
The Seminary ¢orrtinues to provide public benefft by adhering to its objective and continuing to r2rry out
the activities referred to in this Report. This objective wrll not only bring glory to the triune God but
immeasurable benefft to all who are to be subsequently inflUen￿d by such adivity. Beneffts will be
primarily spiritual, but there will atso be moral and practical beneffts too. For many, attending se￿iCeS
for both Christian worship and the various meetings organised by the churches supplied with Reformed
Ministers thoroughly equipped by the Seminary will have etemal benefft through the salvation of souls,
an immeasurably greater benefft than anything that can be gNen in this world. In addition, help and
encouragement for daity living will yield great spiriiual benefft too.
We expect to measure impad by the many and varied anttctpated expressions of gratttude and support
which will be received. sometimes telling of a person vtho has been saved through hearing the
preaching and attending the various meetirtgs operated by the churches supplied with a former student
of the seminary as minister. However, only etemity and the day of judgement will reveal the true benefrt
and impact of the Seminary's wor

SALISBURY REFORMED SEMINARY
For the year end 31 December 2020
The Seminary completed its thrd year of tiF￿ratK￿ on 31 Dec￿nber 2020. Due to COVID 19
restrictions. the fff5t Graduation wemory Txas defeffed to Satyrday 3 Juty 2021.
Throughout 2020 Ihe cl￿r5e fOr￿￿t has twi as yew& i.e.. t￿> bk)cks of one week from
Monday to Friday rxovKling 20 hLxJfs of lectures each week. The first week held in January and thg
second in September. Ten sI￿rter blwks during Ihe year were held a Friday and Saturday eath
month (other than January. Augus< aTKI September) providirKJ 10 h¢Jurs of lectures eath over the two
days. Thts gives a total of approximately 140 hours per year. The students Spe￿ the rest of their
assign￿1 time in their hon￿ (*urches bwng mentored by their Pastors armyor Elders. reading. studytng.
remuneration. Be¢xLtse of COVID 19 resknclm￿ during 2020. le￿reS were delivered 'on4ine' where
The fijll timetable is available to Vtew on the SemirArfs website. and and
updates are provided to supwters. The annual op￿ SI￿ Day fK)t take pjw in 2020 due to
the COVID 19 restrickns.
The Trnstees are truly thankful to Grxl arKI lo all SUFpxth and v￿unt￿.
The operating sU￿lUS was £5.656 in 2(r20. Incorne of £15.012 was mainly doftatio￿ but included
£4,500.00 being the course fees paid {or payable) by the six students fc4knvAng the course during the
year. Operating expenditure was £9.356. incJJrred in resped of student burwies and other student
supwt costs. propety rentat, and equiixnent to enhan￿ r￿dIng qualty for on4ine lecture& The
cash balance on 31 D￿rnber2020 was £63.228.
Significant Events
Two new students eTrrc￿ed on 01 J￿Uary 2tr20. and stwlents graduated on 31 Dec*mber 2020.
The Trustees believe current level of resefves shoukl be regk)n of £6.000 which ￿presents
around six months of annual expenditwe in a n(tyFCOVID restrKled year. However. in the earty years of
Princip* Rlsks
The Trustees dI￿$S the Charitvs strategic fr(Yn time lo tine and a formal Risk Management
Policy a￿1 strat￿J1C Risk Register w￿1 be establish&Y next year kn erwre that all identified risks
are managed effthty.
Future
The Seminary commerKe ts fourth year with furthw sttjdent and TMII ojnlinue to recmit
addibonal ￿dentS in accordano with the Charitrfs otfjedives.
The premises in Grove House will Contin￿ to ￿ refirbisW by EmmaThJel Churth with more sultable
audio and IT equipment. Library faciliti&8 wal continue to be enhan(*d. The Trustees anticipate that the
support base of the Seminary will c4Nrtinue to be extended.

For the yw end 31 December 2020
United Kingdom Generally Accepted Accourthry Practice (Uniw lfjngdom Paountlng Standards and
applicable law). The Ffftanlial Staten￿ts are rquired by law to give a ITue and fair view of the of the
charity. and of its incmting resour(x and the appk2tion of resouw of the charity for that FWiL%J. In
• select suitable accwnting policies and apply fhan (￿iste￿.
• obs￿ve the methods a￿1 principles in the SORP.
• make judgments arKI estimates that are reasonab￿ and ¥K￿lent
' prepare the finan(aal statements on the C￿CeM basis unless it is inappropri* to assume that
The Trustees are resp￿1b￿ for keeping prow records Ihat disck>se with Feasonable
accuracy at any time the finan(ial p)sition of the d)aity arxj enable them to ensure that the financial
statements rJ)mply with the app1￿¥ble law and the Laws aTxJ Regulations of the Society. They are also
restM)nsible for safeguarding the assets of the dRrity and hence for taking reasonable steps for the
preventton and detedion of fraud and other irregularilies. The Tn￿teeS are resp)nsible for the
Independent Examiner
On behalf of the TNstees
M H Watt4 ChaimHn
04 0(lober 2021

CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examinerfs report on the
accounts
Section A
Independent Examiner's Report
Report to the trustee
members of
SALISBURY REFORMED SEMINARY
' 31 De￿ber 2020
(rf any}
1176241
I to the trustees on my examirAtion of Ihe acc¥Junts of the above
charity (Ihe Trusf) for the year ended 3111212020.
As the ITUStees. are responsible for the preparation of the
a(xx)unts in aC(X)rdan￿ with the wuirernents of the Charilies Act 2011
Responsibilities and
basis of report
I report in rpspect of my eXamina￿n of the Trusys ac￿jUnts carried out
under sec*ion 145 of the 2011 Act and in carrying out my examinatN)n. I
have followed all the appli¢2ble Directions given by tt)e Charity Commission
under sedion 1445Xb) of the Act
Independent chariiys gross inc¢xne exceeded £250.fK)D and l am qualtfied to
examinerfs statement urKJertake the examinatk)n by being a qUali￿A member of AAT.
I have corn￿eted my examination. l (￿nfirrn that no material matters have
come to my attention in connection with the examtnation {other than that
disclosed below") whic* gtves me r2use to beIieve that in. any matetTal
the ac(x)unlj￿J recx)rds not kept in accordm with se(aion 130
ofthe Charibes Art or
the ac¢ounts did (xxnply with the appE1￿ble requirements
concerning the form and content of accounts set (Jjt in the Charities
(Ac[￿nts and Re￿￿ts) Regulalions 2008 other Ihan any requirement
that the a¢xounts give a Irue and fairf view which is not a matter
o)nsid* as part of an independerrt ¥xamjrotion.
I have no ￿nCernS ar¥J have come auoss no other matter5 in connectton
wtth the examinatM)n to which attention should be drawn in this Teport in
order to enable a proper understanding of the accounts to be reached.
. Fyease delete Ihe Myds in th8 trackets rfthey do not apply.
Signed:
0811012021
Relevant professional
qualification(s) or body
(rf any)=
FMAAT I FIPA I FCPA I FFA
IER
Oct 2018

Address:
10 Drake Wll Business ParK PlymbrKlge Road. Estover
Ptymouth
PL6 7PS
Section B
Disclosure
Only complete rf the examiner needs to highlight material matters of conom
(see CC32. Independent examinatM)n of charity a￿unts. directions and
guidance for examiners).
Glve here brief details of
any items that the
examiner wishes to
disclose.
IER
Oct 2018

SAUSBURY REFORMED SEMINARY
STATEMEKf OF FINAPKIAL ACTivrriES
FOR THE YEAR END 31 DECEMBER 2020
Total
3111212019
Income
Donations
10,336
42,052
3,000
176
Total income
Expenditure
11,692
Total expenditure
Not incom•
SAUSBURY REFORMED SEIIINARY
BALANCE SHEEf AT 31 DECEMBER 2020
2019
Cash at bank and in harKI
63.228
57,092
Debtors- HMRC Gift Aid
. prepa￿nents
Creditors
851
227
1.107
375
Unrestricw Funds
Brought FoThrdrd at 01 January 2020
Net income for the year
24,157
33,386
AFproved by the TnL%tees on 04 October 2021 arKI sigr*d on their behalf ty.
M.H. Watt4 Chaimmn
R A Clathe. Treasu

SAUSBURY REFORIIED SEMINARY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR END 31 DECEMBER 2020
(a) Basis of prepar*ion
accounts. and in accordan￿ with the char￿e$ Act 2011. FRS 102 and SORP FRS 102. The
(b) Going concern
(c) Income
(d) Expenditurn
Be￿uSe the dmrity only has 0￿ aL*vity (i.e., Preparing ministers for the ministry), it is not
(e) Volunteer help
(fj Taxation
As a registered charity. the Seminary is exempt fr(Kn income tax under part 10 of the Income Tax
Act 2007. The seminary is not registered fty VAT. Irmne fwes indude Gift Aid as apFwiate.
(g) Trustee expenses.
No expenses were patd to ary of tr* Trustees duriry the wiod other than the nomial r
imbursement of expenditijre inujffed on behalf of ts Semirwy.
Studerrt Bursaries
Grove House costs
Student support Costs
CameralRecording Equi¥Knent
Trustees, expenses
Advertistng
BT annual charges
ProfessÉonal fees
VBiting Leciurers
Library stock
Greek in a week
Open meeting lun¢tEs
Postage
3.750
2,250
2.000
77
575
3,059
1,523
581
228
625
395
324
217
199
Total expendlture
CreditorJ
Fees paid in advar
Independent examinati¢)n fees
750
150
207
375
Total Creditors
375