## ## ## |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 procèdu￿5 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 a￿YOn￿ 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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2|Donations|and legacies|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| |13|Debtors||Group
2021
f|2020
f|2021
f|Charity|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)| ## ## ## ## |17|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)| ## |||||Group|| |---|---|---|---|---|---| ||||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|