2021-08-31-accounts - Cliff College

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Trustees	Revd Loraine Mellor	Revd Loraine Mellor	(Chair)	(Chair)
	Stephen Holliday	(Vice-Chair)
	Revd Ashley Cooper (Principal)
	Ashley France
	Matthew Lee
	Revd Leslie Newton		(appointed		1 September 2021)
	Revd Raj Patta (appointed			1 September 2021)
	Joan Ryan
	Revd Paul Smith
Charity number	529386
Principal address	Cliff College
	Calver
	Hope Valley Derbyshire
	S32 3XG
Auditors	Hawsons Chartered		Accountants
	Statutory Auditor
	Pegasus House
	463a Glossop Road
	Sheffield
	S102QD
Bankers	HSBC
	Belgravia Branch
	The Peak
	333Vauxhall Bridge		Road	London
	SW1V 1EJ
Solicitors	Graysons Solicitors
	Courtwood House
	Silver Street Head
	Sheffield
	S1 2DD

				Page
Trustees' report				1 —7
Statement oftrustees'	responsibilities
Auditor's report				9 —11
Consolidated statement	offinancial		activities	12
Charity statement offinancial		activities		13
Consolidated balance sheet				14
Charity balance sheet				15
Consolidated cash flow	statement
Notes to the accounts				17 —33

CLIFF COLLEGE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CLIFF COLLEGE Audit procedures performed by the engagement team included.. Discussions with management and those responsible for legal compliance procèdu5 Nlhin the parent charilable cotnpany to obtain an understanding of the legal and regulatory framework applicable lo thts charity and how the charity complies with Ihatframework, including consideration of known or suspected inslances of non-compliance wlh laws and regulations and fraud., RgvieNwng minutes of Trustee meetings.. Identifying and assessing the design effectiveness of controls that managewenl has in place lo prevent and delecl fraud and non-compliance wilh laws and regulations,. Challenging assumptions and judgements made by managèment in their signrficanl accounliny eslSmalos. Idenlrfwng and lesling journal entries. In particular any journal entries posted wllh unusual account combinations or posted by senior management. There are inherent limitations in tho audit procedures described abovo and the rnoTe removed non-compliance with laws and regulations Is from the events and transactions reflected in tho financial statements, the less lik8ly we are to become aware of it. Also, the risk of nol delecling a malerial mlsslalemenl due lo fraud is higher than the risk of not delecling one resulting from error, as fraud may involva dellberale wncealmenl by, for example, forgery or intentional mlsrepresenlalions, or through collusion. A fvrther description of our responslbllllies is available on the Flnanclal Reporting Council's website al wi.frc.org.uklaudilorslaudil-assurancelaudilor-s-responsibS1illos-for-Ihe-audit-of-Ihe-fVdescripllon-of-Ihe- audilor's-responsibililies-for. This description forms part of our audilorfs report. Use of our report This report is made sololy to the charitls trustees, as a body, in aceordance vAth Parl 4 of the Charities (Accounts and Rèporls) Regulations 2008. Our audit work has been undertaken so that we might slate to the Charills Iruslees those matters w6 ar8 requlred lo slate lo them in an audilorfs report and for no other purpose. To the fullest exlenl permllt6d by law, we do not a¢¢epl or assume responslbilityto aYOn other than the charity and the charills Iruslees as a body, for our audlt work, for Ihis report, or for the oplnlons we have formed. Hawsons Chartered Accountants, Stalulory Auditor Pegasus House 463a Glossop Road Sheffield S10 2QD Hawsons Chartered Accoijntants is eligiblg to act as an auditor in tgrms ofseclion 1212 of the Companies Acl 2006. li

									As restated
					Unrestricted	Restricted	Endowment	Total	Total
				Note	Funds	Funds	Funds	2021	2020
Income from:
Donations and
legacies				2	843,950	158,500		1,002,450	1,675,464
Charitable activities				3	580,127			580,127	701,451
Other trading activities				4	244,978			244,978	207,881
Investments				5	3,691			3,691	10,145
Other				6	88,372			88,372	207,275
Total income					1,761,118	158,500		1,919,618	2,802,216
Expenditure on:
Charitable activities				7	1,621,581	263,827		1,885,408	2,149,093
Other					465,121			465,121	512,730
Total expenditure					2,086,702	263,827		2,350,529	2,661,823
Gains/(losses) investments	on			12~1,312		i3,333i	22,270	17,625	2,826
Net (expenditure)/income					(326,896)	(108,660)	22,270	(413,286)	143,219
Transfer between		funds				35,000	(35,000)
Other recognised		gains	/
(losses)
Gains on revaluation		of
fixed assets					536,273			536,273	2,641,733
Net movement	In funds				209,377	(73,660)	(12,730)	122,987	2,784,952
Fund balances forward	brought				10,345,293	641,850	407 030	11,394,173	8,609,221
Fund balances	carried
forward					10,554,670	568,190	394,300	11,517,160	11,394,173

									As restated
					Unrestricted	Restricted	Endowment	Total	Total
				Note	Funds	Funds	Funds	2021	2020
Income from:
Donations and legacies					843,950	158,500		1,002,450	1,675,464
Charitable activities					580,127			580,127	701,451
Other trading activities
Investments					3,691			3,691	10,145
Other					142,622			142,622	265,275
Total income					1,570,390	158,500		1,728,890	2,652,335
Expenditure on:
Charitable activities				7	1,621,581	263,827		1,885,408	2,149,093
Other					366,171			366,171	381,746
Total expenditure					1,987,752	263,827		2,251,579	2,530,839
Gains/(losses)	on
Investments				12	(1 312)	(3333)	22 270	17,625	2,826
Net (expenditure)/income					(418,674)	(108,660)	22,270	(505,064)	124,322
Transfer between		funds				35,000	(35,000)
Other recognised		gains	/
(losses)
Gains on revaluation		of
fixed assets					536,273			536,273	2,641,733
Net movement	in funds				117,599	(73,660)	(12,730)	31,209	2,766,055
Fund balances forward	brought				10,515,706	641,850	407,030	11,564,586	8,798,531
Fund balances	carried
forward					10,633,305	568,190	394,300	11,595,795	11,564,586

					As restated
			Note	2021	2020
				E	8
Fixed assets
Tangible assets Investments			11 12	10,672,934 494,402	10,160,082 546,777
				11,167,336	10,706,859
Current assets
Debtors			13	567,982	728,169
Cash at bank	and in	hand		254,734	458,445
				822,716	1,186,614
Creditors: amounts		falling due within one year	14	(304,892)	(303,300)
Net currents	assets			517,824	883,314
'Total assets	less current liabilities			11,685,160	11,590,173
Creditors: amounts		falling due after more than one	15	(168,000)	(196,000)
year
Net assets				11,517,160	11,394,173
Capital funds
Endowment	funds		17	394,300	407,030
Income funds
Restricted funds			18	568,190	641,850
Unrestricted	funds General		19	10,554,670	10345293
				11,517,160	11,394,173

						As restated
				Note	2021	2020
					6	8
Fixed assets
Tangible assets Investments				11 12	10,672,934 494,402	10,160,082 546,777
					11,167,336	10,706,859
Current assets
Debtors				13	630,329	918,763
Cash at bank	and in	hand			220,103	427,217
					850,432	1,345,980
Creditors: amounts		falling	due within one year	14	(253,973)	(292,253)
Net currents	assets				596,459	1,053,727
Total assets	less current		liabilities		11,763,795	11,760,586
Creditors: amounts		falling	due after more than one	15	(168,000)	(196,000)
year
Net assets					11,595,795	11,564,586
Capitalfunds
Endowment	funds			17	394,300	407,030
Income funds
Restricted funds				18	568,190	641,850
Unrestricted	funds General			19	10,633,305	10,515,706
					11,595,795	11,564,586

					Notes	2021f	2020f
Cash flow from	operating	activities			21	(205,385)	(168,671)
Cash flow from	investing	activities
Payments tc acquire tangible			fixed assets			(36,350)	(46,989)
Interest received Interest paid						2,326 ~(6,302	7,050 ~(7,113
Net cash flow from investing			activities			~40,326)	~47,062)
						(245,711)	(215,723)
Cash flow from	financing	activities
Disinvestments Bank loan repayments						70,000 ~(26,000	75,000 ~(26000
Net cash flow from financing			activities			42,000	47,000
Net (decrease)	in cash and cash equivalents					(203,711)	(168,723)
Cash and cash equivalents		at	beginning	ofyear
						458,445	627,168
Cash and cash	equivalents		at end ofyear			254,734	458,445

Donations	and legacies	and legacies			Group and	Charity
				Unrestricted	Restricted	Total	Total
				Fundf	Fund f	2021 f	2020f
Donations and gifts Legacies receivable				65,701 144,699		65,701i 144,699'	100,935 471,889
DMLN grant	from the Methodist		Church	386,926		386,926	377,489
Global Partnership		income			113,500	113,500	115,929
Other grants				246,624	45,000	291,624	609,222
				1143,050	156 500	1,002,450	1615,464
For the year	ended	31 August	2020	1,040,535	634,929		1,675,464
						2021f	2020f
Legacies receivable
Unrestricted	funds
AWheeler						73,900
P Stephens						60,000
L K Keow						5,055
A Moden						5,639	252,000
D Ashworth							145,415
E Coggins STaylor						105	37,132 17,742
D Gammon							10,000
D Erdwin SDrew							6,100 2,500
M Stoves							500
M Smaje							400
A Baxendale							100
						144,699	471 889

3	Charitable activities	Charitable activities	Group		Charity
			2021f	2020f	2021	2020f
	Student fees and accommodation Festival Income Evangelism		580,127 580,127 H	691,581 1,810 8,060 701,451	580,127 580 127	691,581 1,810 8,060 701,451
4	Other trading	activities	Group		Charity
			2021f	2020f	2021	2020f
	Trading income		244,978i	207,881
5	Investment income			Group and Charity
			Unrestricted	Restricted	Total	Total
			Funds f.	Funds f	2021 f	2020 F
	Central Finance Other investment	Board Funds income	2,326 1,365		2,326 1,365	7,050 3,095
			3,691		3,691 v	10,145
	For the year ended 31 August 2020		10,145			10,145
6	Other income		Group		Charity
			2021f	2020f	2021 f	2020 f
	Rental Income Other income		59,622 28,750	82,037 125,238	112,394 30,228	165,037 100,238
			88,372	207,275	142,622	265,275


7	Charitable expenditure				Group and Charity
			Unrestricted	Restricted	Endowment		Total	Total
			Fundsf	Fundsf	Funds f		2021 f	2020f
	Staff costs Methodist Church stipend costs		776,079 115,303				776,079 115,303	709,301 76,631
	Student course costs Festival costs Global Partnership costs Theology X Platform costs Other		123,906 24,447 73,619 1,113,354	50,775 81,416 131,636 263,827			174,681 24,447 81,416 131,636 73,619 1,377,181	380,379 22,990 121,743 102,086 117,729 1,530,859
	Share ofsupport costs (see note 8)		508,227				508,227	618,234
			1,621,581	263,827			1,885,408	2,149,093
	For the year ended August 2020	31	1,834,724	284,369	30,000			2,149,093
8	Allocation ofsupport costs				Group	and Charity
	2021			Charitable f			Other f	Total
	Governance Finance				20,624 49,463		6,874 16,488	27,498 65,951
	IT Property costs Depreciation Office costs Irrecoverable VAT Other				74,972 75,280 44,828 63,421 59,885 119,754		24,991 25,094 14,943 21,140 19,962 39,917	99,963 100,374 59,771 84,561 79,847 159,671
				508,227		169,409		677,636
	2020
	Governance Finance				28,053 47,937		9,351 15,979	37,404 63,916
	IT Property costs Depreciation Office costs Irrecoverable VAT Other			80,425 92,417 116,443 75,986 62,977 113,996			26,808 30,806 38,814 25,329 20,992 29,332	107,233 123,223 155,257 101,315 83,969 143,328
				618,234		197,411		815,645


Employees	Group
	2021	2020
Number ofemployees	Number	Number
College	42	42
	Group
	2021	2020
Employment costs	E
Wages and salaries	1,034,325	975,115
Social security costs	91,511	85,624
Other pension costs	58,529	52,520
Total staff costs	1,184,365	1,113,259

Tangible fixed	assets			Group	and Charity
			Land		Plant,
	Investment		and	Computer	Equipment	Motor
	Properties		Buildings	Equipment	&Furniture	Vehicles	Total
Cost or
valuation
At 1 September 2020	3,722,727		6,352,000	321,279	458,463	19,700	10,874,169
Additions				33,280	3,070		36,350
Revaluation		372,273	164,000				536,273
At 31August 2021	4,095,000		6,516,000	354,559	461,533	19,700	11,446,792
Depreciation
At 1 September 2020				276,594	426,685	10,808	714,087
Charge for the				39,500	19,709	562	59,771
year
At 31August 2021				316,094	446,394	11,370	773,858
Net book value
At 31August 2021	4,095,000		6,516,000	38,465	15,139	8,330	10,672,934
At 31August 2020	3,722,727		6,352,000	44,685	31,778	8,892	10,160,082

Fixed asset investments	Fixed asset investments	Fixed asset investments		Group and Charity
			CFB	CFB
			Managed	Managed
			illixe6	fixed
			fund	interest f	Totalf
Market	value at	1 September 2020	136,008	410,769	546,777
Disinvestments Change in value		in the year	24966	(70,000) ~2.341	(70,000) 17,625
Market	value at	31 August 2021	160,974	333,428	494,402

Debtors		Group 2021 f	2020 f	2021 f	2020 f
Trade debtors		199,338	162,085	109,913	134,674
Amounts owed by group undertakings				151,772	218,005
Other debtors		318,475	508,057	318,475	508,057
Prepayments	and accrued income	50,169	58,027	50,169	58,027
		567,982	728,169	630,329	918,763

14	Creditors: amounts	falling due within
	one year		Group			Charity
			2021	2020f	2021f		2020f
	Trade creditors		145,532	128,329	116,458		124,660
	Tax and social security costs		39,085	24,738	22,319		23,160
	Other creditors		43,766	42,886	38,687		37,086
	Bank loan		28,000	28,000	28,000		28,000
	Accruals and deferred	income	48,509	79,347	48,509		79,347
			304,892	303,300	253,973		292,253
15	Creditors: amounts	falling due after	2021	2020	2021		2020
	more than one year
	Bank Loan		168,000	196,000	168,000		196,000

previous year, we	re:-
				2021	2020
				0/	0/
Discount rate				1.7	1.6
RPI inflation rate				3.5	3.1
CPI inflation rate				2.8	2.2
Rate of increase	in pensionable		earnings	2.8	2.2
Rate ofincrease	in pension	payments		2.3/3.3/5.0	2.1/3.0/5.0

The major cat follows:	egories of the Scheme's assets a	s a percentage of the total Scheme a	ssets, were as
		31 August	31August
		2021	2020
Equities		44	52
Corporate bonds		5	5
Property		8	9
Cash		9	9
Liability driven	investment	30	20
Annuities		4	5

		6 million
Total market	value ofassets	95.1
Present value ofscheme liabilities		96.4
Net Defined	Benefit Liability	(1.3)

Permanent				Group	and	Charity
Endowment
funds
		Balance at					Investment	Balance at
	1 September						gains/	31August
		2020f	Income E	Expendituref		Transfersf	(losses) E	2021
General		10,782					1,486	12,268
Library		3,539					(64)	3,475
Ministerial		11,936					(226)	11,710
Perpetuated		3,319					(63)	3,256
subscriptions
Student fees		226,744				(35,000)	(1,964)	189,780
Student fees		123,856					22,736	146,592
(3'd party
interest)
Student prizes		18,067					531	18,598
Trekkers		8,787					(166)	8,621
		407,030				(35,000)	22,270	394,300
		Balance at					Investment	Balance at
	1	September 2019	Income	Expenditure	E	Transfers	gains/ (losses)f	31August 2020
General		10,929					(147)	10,782
Library		3,508					31	3,539
Ministerial		11,826					110	11,936
Perpetuated		3,288					31	3,319
subscripticns
Student fees		255,042		(30,000)			1,702	226,744
Student fees (3~		126,080						123,856
party interest)							(2,224)
Student prizes		18,035					32	18,067
Trekkers		8,706					81	8,787
		437,414		(30,000)			(384)	407,030

	Balance at	Income	Expenditure	Transfers	Investment		Balance at
	1 September				gains/		31August
	2020f	f			(losses)f		2021f
Global Partnership	56,699	113,500	(81,416)				88,783
Bursary Fund	28,722		(15,775)	35,000	(543)		47,404
Welfare Fund	27,845						27,845
World Mission Fund	6,371						6,371
support
The Story Project	29,631						29,631
Theology XProject	390,069	45,000	(131,636)				303,433
Evangelistic Funds	80,715		(35,000)		(2,790)		42,925
Other	21,798						21,798
	641,850	158,500	(228,827)	35,000	(3,333)		568,190
	Balance at	Income	Expenditure	Transfers	Investment		Balance at
	1 September				gains/		31August
	2019 f.	f			(losses)f		2020f
Global Partnership	62,513	115,929	(121,743)				56,699
Bursary Fund	55,486			(27,029)		265	28,722
Welfare Fund	27,845						27,845
World Mission Fund	6,371						6,371
support
The Story Project	37,111	8,060	(15,540)				29,631
Theology XProject		519,000	(102,086)	(26,845)			390,069
Evangelistic Funds	96,583		(45,000)	27,029		2,103	80,715
Other	21,597					201	21,798
	307,506	642,989	(284,369)	(26,845)		2,569	641,850

2021		Unrestricted	Restricted	Endowment	Total
Charity		Funds E	fundsf	funds	2021
Tangible fixed assets		10,672,934			10,672,934
Investments		68,079	149,200	277,123	494,402
Net current assets		60,292	418,990	117,177	596,459
Creditor greater than one		(168,000)			(168,000)
year
		10,633,305	568,190	394,300	11,595,795
Cliff College Outreach	Ltd
Net current assets		(78,635)			(78,635)
Group		10,554,670	568,190	394,300	11,517,160
					As restated
2020		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	2020
Charity
Tangible fixed assets		10,160,082			10,160,082
Investments		69,390	187,534	289,853	546,777
Net current assets		482,234	454,316	117,177	1,053,727
Creditor greater than one		(196,000)			(196,000)
year
		10,515,706	641,850	407,030	11,564,586
Clif College Outreach	Ltd
Net current assets		(170,413)			(170,413)
Group		10,345,293	641,850	407,030	11,394,173

					Group
21	Reconciliation of net	(expenditure)/Income		to net cash flow	2021	2020
	from operating activities
	Net (expenditure)/ income for the year				(413,286)	143,219
	Interest receivable				(2,326)	(7,050)
	Interest payable				6,302	7,113
	(Gains) on investment				(17,625)	(2,825)
	Depreciation on tangible fixed		assets		59,771	155,257
	Decrease (Increase)	in debtors			160,187	(480,565)
	Increase in creditors				1,592	16,180
	Net cash flow from operating		activities		(205,385)	(168,671)


			2021 F	2020f
Within	one	year	800	800
Within	two	to five years	267	1,067
Total			1,067	1,867

			Clif College
			Outreach Ltd
Turnover			244,978
Cost ofsales			(27,936)
Gross profit			217,042
Administrative	expenses		(154,014)
Other operating	income		28,750
Profit for the year			91,778
Debtors			89,425
Cash at bank and		in hand	34,631
			124,056
Creditors			(202,691)
Net liabilities			78,635