2022-08-31-accounts - Cliff College

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Trustees	Revd Loraine Mellor	(Chair)
	Stephen Holliday (Vice-Chair)
	Revd Ashley Cooper	(Principal)
	Ashley France
	Revd Mark Hammond	(appointed	1 September
	2021)
	Matthew Lee
	Revd Leslie Newton (appointed 1 September 2021) Rsvd Rsj Patta (appointed 1.September 2021)
	Joan Ryan
	Revd Paul Smith
Charity number	529386
Principal address	Cliff College
	Calver
	Hope Valley Derbyshire
	6323XG
Auditors	Hawsons Chartered	Accountants
	Statutory Auditor
	Pegasus House
	463a Glossop Road
	Sheflield
	S102QD
Bankers	HSBC
	Belgravia Branch
	The Peak
	333Vauxhall Bridge	Road London
	SW1V1EJ
Solicitors	Graysons Solicitors
	Courtwood House
	Silver Street Head
	Sheffield
	S12DD

	Page
Trustees' report	1=6
'Statement oftrustees' responsibilities
Auditor's, report	8.=10
Consolidated statemerit offinancial activities
Cfrartty statement offinancial. activities	12
Conselldated balance sheet
,charity balance sheet
Consolidated cash flow statement	16
Notes to.the accounts	1,8-32

CLIFF COLLEGE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CLIFF COLLEGE Audit procedures perfomied by the engagement team induded: Discussions wth management and those resrKJnsible for18gal compliance procedures wthin the parent charitable company lo obtain an understanding of the legal and regulatory framework applicable to the charily and how the charity complies with Ihatframework. including consideration of known orsuspected instances of non•compliance wth laws and regu18tions 8nd frau¢J; Reviewng minutes of Trustee meetings., Identrfwng and 8ssessing the design effectiveness of controts that managemant has in pla to prevenl and delect fraud and non-compliance wilh laws and regulations- Challenging assumptions and judgements made by management in their slgnfficanl accounting estimates. Identifwng and testing joumal entries. in partieJJlar any joum81 entries posted wih unusual account combinations or posted by senior management. There are inherent limitations in the aLKlit procedures described above 8nd the more removad non-compliance with laws and regulations is from the events and transactions reflected in the financial statements. the less likely we are lo become aw8re of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not delecling one resulting from error. as fraud may involv8 deliberat8 concealment by, for example, forgery or intentional misrepresentations. or through collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at www.frc.org.uklaLtdttorslaudit-assuran¢elaudilor-s-responsibilities-for-the-audit-of-Ihe-fildescription4of-the- 8uditorfs-responsibililies-for. This description forms part of our auditor's report. Uso of our report This report is made solely to the than$ trustees. as a bcxly. in accordance with Part 4 of the Charities {Accounls and Reports) Regulations 2008. Our audit woik has been undertaken so thal we might state lo the Charit$ trustees those matters we are required lo slate to them in an audilorfs report 8nd for no olher purpose. To the fullest extent pemiitted by law, we do nol accept or assume responsibility lo anyone other than the charity and the charitvs trustees as a bcKly, for our audil worf(, for this report, or for the opinions we have fomied. Hawsons Chartered Accounlanls, Slalulory Auditor Pegasus House 463a Glossop Road Sheffield S102QD L loi3 rQ Hawsons Chart&red Accountants is aligible to ad as an auditor in tem]s ofseCtn 1212 ofthe Companies Act 2006. io

			Unrestricted	Restricted	Endowment	Total	Total
		Note	Funds	Funds	Funds	2022	2021
Income from:
Donations and legacies			680,577	126,129		806,706	1,002,450 .
Charitable activities			706,491			706,491	580,127
Other trading activities			332,062			332,062	244,978
Investments			6,838			6,838	3,691
Other			205,337			205,337	88,372
Total income			1,931,305	126,129		2,057,434	1,919,618
Expenditure on:
Charitable activities		7	1,871,314	266,905		2,138,219	1,885,408
Other			599,025			599,025	465,121
Total expenditure			2,470,339	266,905		2,737,244	2,350,529
(Losses)lgains on investments		12	~(36,576		(48g)	(37,065)	17,625
Net (expenditure)/income			(575,610)	(140,776)	(489)	(716,875)	(413,286)
Transfer between	funds		470,239	(92,280)	(377,959)
Other recognised	gains I
(losses)
Gains on revaluation	of
fixed assets			215,000			215,000	536,273
Net movement in funds			109,629	(233,056)	(378,448)	(501,875)	122,987
Fund balances brought forward			10732,510	390350	394300	11,517,160	'11,394,173
Fund balances carried
forward			10,842,139	157,294	15,852	11,015,285	11,517,160

				Unrestricted	Restdcted		Endowment		Total		Total
			Note	Funds	Funds		Funds		2022		2021
income from:
Donations and
lagac196				680,5?7	126,129				806;706	1,002,4'50
Ch@ritablq dctlvltlsa			3	706,491					70'6,491		580,1'27
Other trading a'ctlvttlas			4	2,01,0					2,010
.Invsstmsiits			5	6,838					6;838		.3,69"I
Othe)'			6	295,337					295,537		142,622
'Total income '				1,691,259	126,129				1,817,382	1,728,890
Expenditure on:
Charitable activities.			7	1,871,314	266,905				2,138,'219	1 885,408
O'ther				.398i283					398,283		366rl7ti
Total expenditure				2,'268,59?	266,905,				2,536,502	2,251,,579,
(Losses)/gains on
investments			12	(36,876)			(499)		(37,0,65)		1'7',625
Net (expenditure)/income				(814,920)	(140;776)		(4'89)		(756,195)	'	(505,86'4)
Transfer between funds				470,239	(92,280)		(377,959)
Other recognised gains		l,
(losses)
Gains on rsvaluatlaii fixed:asgsta	of			215,000					215,000		536,273
Nst movement ln funds				70,3'19	(233,056)		(378;448)		(541,185)		.31,209
Fund balances brought forward				10,811,145	390,,350		394,300		11,595,795	11,564,586
Fund balances carried forward				10;881,4'64	157,29'4	'	15,852	'	11,054,610	11,595,795

				As Restated
		Note	2022 f	2021 f
Fixed assets
Tangible assets		11	10,845,922	10,672,934
Investments		12	15,852	494,402
			10,861,774	11,167,336
Current assets
Debtors		13	332,491	567,982
Cash at bank and in	hand		196,035	254,734
			528,526	822,716
Creditors: amounts	falling due within one year	14	(235,015)	(304,892)
Net currents assets			293,511	517,824
Total assets less cifrrent liabilities			11,155,285	11,685,160
Creditors: amounts	falling due after mors than one	15	(140,000)	(168,000)
year
Net assets			11,015,285	11,517,160
Capital funds
Endowment funds		17	15,852	394,300
Income funds
Restricted funds		18	157,294	390,350
Unrestricted funds General			10,842,139	10,732,510
			11,015,285	11,517,160

				As Restated
		Note	2022	2021
			8	E
,Fined assets
Tangible assets		11	10,885,922	10„872,934
Invssfments		12	'15,852	494,402'
			1'0,,861,774	11,187,336
Current assets
Debtors		13	396,994	630&329
Gash at bank and in	hand		153,057	220,188
			550;051
Creditors amounts	'falling due within one year	14	(217,215')	(253;973)
Net currents assets			362,836	596,859
Total assets less currerit liabilities			11,194,810	11,783,796"
Creditors: amounts year	falgng due after more th'an on'e	18	(140,000')	(186,000)
Net assets			11,054,610	11,595,795
'Capital funds
Endowmsntfunds			15;852	394;300
income funds
Rsstdcted funds			157,294	390,350
Unrestricted funds General			10,881)464	10,811,145
			'11,054,610	11,585,795

				Notes	2022	2021
					6	6
Cash flow from operating	activities			21	(424,260)	(205,385)
Cash flow from investing	acflvities
Payments to acquire tangible		fixed assets			(49,287)	(36,350)
Receipts from sale ofinvestments Interest received interest paid					441,485 6,838 ~(5,475	70,000 2,326 ~0,302(
Net cash flow from investing		activities			393,561	29,674
					(30,699)	(175,711)
Cash flow from financing	activities
Bank loan repayments					~(28,0DO	,(28,000)
Net cash flow from financing		activities			(28,000)	(28,000)
Net (decrease) in cash and cash equivalents					(58,699)	(203,711)
Cash and cash equivalents	at	beginning	ofyear
					254,734	458,445
Cash and cash equivalents		at end ofyear			196,035	254,734

Donations	and legacies	and legacies	and legacies			Group and	Charity
					Unrestricted	Restricted	Total	Total
					Fund	Fund	2022	2021
					6	6	6	6
Donations	and gifts				60,182		60,182	65,701
Legacies receivable					162,303		162,303	144,699
DMLN grant		from the Methodist		Church	425,096		425,096	386,926
Global Partnership			income			126;129	126,129	113,500
Other grants					32,996		32,996	291,624
					680,577	126,129	806,706	1,002,450
For the year		ended	31 August	2021	843,950	158,500		1,002,450
							2022	2021
							6	8
Legacies	receivable
Unrestricted		funds
SBritton							90,000
AWheeler							20	73,900
P Stephens							72,283	60,000
LKKeow								5,055
A Moden								5,639
STaylor								105
							162,303	144,699

3	Charitable activities	Group		Charity
		2022	2021	2022	2021
			8	6	6
	Student fees	638,308	580,127	638,308	580,127
	Festival Income	68,183		68,183
		706,491	580,127	706,491	580,127
4	Other trading activities	Group		Charity
		2022	2021	2022	2021
		6	6		6
	Trading income	332,062	244,978	2,010


5	Insestmsnt Inoome					Group'and	Charity
			Unrestricted			Restricted		Total	Total
				Funds		Funds		2022	12021
					8	8		2	8
	Central, Finance Board Funds			6,838				6,838	2,326
	Other inyestme'nt	in'come							1386
									3,691
	Forthe year ended 31 August		2021	3,69'1					3,891
8	Other income			Group				Charity
				2022 8		2021 E		2022 8	2021 f
	Rental Income			201,337	~	691822	1897749		112,394
	Other income			4 00'0		28,760	1.25888		30228
				205,337'		88;372	235 337		142.622
1	Charitable expenditure					Group	and	Charity
			Unrestridted	Restricted		Endowment		Total	Total
			Funds		Funds	Funds		2022	2021
				6	8			8	. 8
	Staff coals		758,569		62,835			,821,404	776,079
	Methodist Church		108,868		68,853			173,681	115,303
	stipsnds
	Student ceuiss costs		1'81,901		30,284			1.92,171	174,68'1
	FestNsl costs 'Global Partnership	costs,	101,81.7		68,733			1016817 66,733	24,447 81',4f6'
	The'ology, X P'laiform codts				40,120			40,120	131'4636
	Otlier							94,942	73813
			17224,003		266,905			1,49'0,908	1,377,181
	Share ofsupport	coats	64733'11					647,311	608,227
	(seh 'note 8)
			1,87'I', ,314		286,80'5			21352411	1,S85468
	Forthe year ended 31		-1;62'I',581		'283,327				1',885;408
	August 2021

Allocation of	support costs		Group and Charity
		Charitable	Other	Total
2022		6	6	6
Governance		32,492	10,831	43,323
Finance		42,736	14,245	56,981
IT		85,292	28,481	113,723
Property costs		89,970	29,990	119,960
Depreciation		68,478	22,826	91,304
Office costs		117,800	39,266	157,066
Irrecoverable	VAT	62,630	20,876	83,506
Other		147,913	49,305	197,218
		647,311	215,770	863,081
2021
Governance		20,624	6,874	27,498
Finance		49,463	16„488	65,951
IT		74,972	24,991	99,963
Property costs		75;280	25,094	100,374
Depreciation		44,828	14,943	59,771
Office 'costs		63,421	21,140	84,561
Irrecoverable	VAT	59,885	19,962	79,847
Other		119,754	39,917	159;671
		508,227	169,409	677,636

Employees	Group
	2022	2021
Number ofemployees	Number	Numbel'
College	43
	Group,
	2022	2021
Employmsnt costs	8
Yyages and salaries	1,092,814	1,034,32S
Soclalsecudtycosts	106,359	9'1,51'1
Other pension, cdsts	62,25'4	5&',529
Total staff costs	1,260,427	1,1&4i3&5

	Tangible fixed assets	Tangible fixed assets			Group	and Charity
				Land		Plant,	.
		Investment Properties	and Buildings		Computer Equipment	Equipment 6Furniture	Motor Vehicles		Total
	Cost or
	valuation
	At 1 September 2021	4,095,000	6,516,000		354,559	461,533		19,700	11,446,792
	Additions				24,934	24,353			49,287
	Revaluatiori	215,000							215,000
	At 31 August 2022	4,310,000	6,516,000		379,7493	485,886		19,700	11,711,079
	Depreciation
	At 1 September 2021,				316,094	446,394		11,370	773,858
	Charge forthe			46,190	35,692	8,743		674	91,299
	year
	At 31August 2022			46,190	351,786	455,137		12,044	865,157
	Net book value
	At 31August 2022	4,310,000	6,469,810		27,707	30,749		7,656	10,845,922
	At31 August 2021	4,095,000	6,516,000		38,465	15,139		8,330	10,672,934
Investment Properties		included 'at valuation		had a historical cost ofK1,778,218(2021:f1,778,218)with
accumulated depreciation off80,973.(2021:f80,973). cost of67,002,187(2021:f7,002,187)with accuin'ulated					Land and buildings included at valuation had a historical depreciation of E1,312,628(2021:f1,266,438).

12	Fixed asset investments	Fixed asset investments	Fixed asset investments	Fixed asset investments	Fixed asset investments					Group and Charity	Group and Charity	Group and Charity
										CFB '	CFB
									Managed		hllanaged
										mixed	fixed
										fund	Interest			Total
										8	8
	Market value at		1 September 2021						160,974		333;428			494,402
	Disinvestmsnts Change in value		iri the		year			(187,494) ~8,075			'(304,018) ~28,SSS		(44144'&6) ~87085
	Market value at		31August'2022							15,405,	447'			15„852
	'the custodian	trustees				are the	Trustees	for the Methodist		Cennexienal	Fund's (Registered)			snd the
	Trustees for. Methodist				Church		Purposes.	The market value		of the investments hss, been			provldisd by,
	the:Trustees foi'		Methodist Ch'urch Purposes (TMCP).
								Group				Charity
13	D'ebtora							2022		2021	2022			2021
										6	8	.		6
	Trade deb'tore							'l114460		199;338	46,456			109,91'3
	Amounts owed		by greup			undertakings					129,527			15"l,772
	Other 'debtors							174,929		316;475	174,829			318,475
	Prepayments	and accrued Inceme						46082		50169	48 08'2			60169
								332.'491		567,962	396;994			630,829
14	Creditors; amounts			falling. due within
	one year							Group				Charity
								'2022		2021	2022			'2021
								8		6				8
	Trade creditors							1'18,991		145,562'	114,161			116;458
	Thx and social	secur8'y			costs			39,307		39,085	'26,097'			22,319
	0'ther, crediters							9,193		43;766	9,193			38,667
	Bank loan							28;000		26,000	28,000.			28,000
	Aceruala and deferred				income			41,524		46,509	50;774			48;509
								235;015		304,892	217,216			258 878
5	Creditors: amo'unts			falgng due after				2022	.	2021	2022			2081
	more than one		year
	Bank Loan							140,000		168860	140,0011			168,800

					2022	2021
Discount rate					3.9	1.7
RPI inflation	rate				3.5	3.5
CPI inflation	rate				3.0	2.8
Rate ofincrease		in pensionable		earnings	3.0	2.8
Rate ofincrease		in pension	payments		2.3/3 4/5.0	2.3/3.3/5.0

		31August	31 August
		2022	2021
		12	44
Equities
Corporate bonds		37	5
Property		10	8
Cash		16	g
Liability driven	investment	20	30
Annuities		5	4

			Fmillion
Total market value ofassets			70.0
Present value	ofscheme	liabilities	66.9
Net overfunding	in Scheme		3.1
Unrecognised	assets		(31)
Net Defined Benefit Asset			0.0

	Balance at				Investment	Balance at
	1 September				gains/	31August
	2021f	Incomef	Expendituref	Transfersf	(losses)f	2022f
General	12,268			(2,799)	,(490)	8,979
Library	3,475			(3,475)
Ministerial	11,710			(11,710)
Perpetuated	3,256			(3,256)
subscriptions
Student fees	.189,780			(189,780)
Studentfees	146,592			(146,592)
(3"party
interest) .
Student prizes	18,598			(11,726)		6,873
Trekkers	8,621 394,300			(8,621) ~577,959	~4592	45,952
	Balance at				Investment	Balance at
	1 September				gains/	31August
	2020f	Income	Expendituref	Transfers	(losses)f	2021 .f
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 (3"	123,856				22,736	146,592
party interest)
Student prizes	18,067				531	18,598
Trekkers	8,787				(166)	8,621
	407,030			(35,000)	22,270	394,300

The intmme funds of th'e,charity include restricted funds colnPrising.	The intmme funds of th'e,charity include restricted funds colnPrising.	The intmme funds of th'e,charity include restricted funds colnPrising.	The intmme funds of th'e,charity include restricted funds colnPrising.	The intmme funds of th'e,charity include restricted funds colnPrising.	ths following	uneXpsctsd	balances	of
donations	and grants held on:trust forspecific purposes.
		As restated
		Balance at	Income	Expenditure	Transfers	Investment		Balance
		1Siptember				Gains/		31	August
		2021				(Icsees}			, 2022
		8	6	8	8		6		8
Global Psrtnemhip		48;256	116 l29	(88,894)'	6,871				81,86'I
Bbrsary Fund.		47,404	- .	(21,614)					25,790
Welfare Fund		27.,845							27,645,
World MBsion		6,371			(6,871I)
Support Fund						'
The Story Project		29,831			(29,631')
Theology XProject		166,12'1	1.0.000	(113;472)	(62,649)
Evangelhtio Funds		42,925		(42,926)
Gther		'21,798							21,798
		390,350	12'6,129	(266,906)	(92,280}				157,294
As restated, ,(sie note 19)
		Balance at 1Sep'tsmber	Income	Expenditure	Transfers	- Investment gitnsl		Balance,at. 31Agguit
		2020 8	8	8		(losses) 8			2921 8
Global Partnsmydp		56,689	113,500	(191,,944)					48I255
Bursary Fund		28,722-		(18,775)	35,000	'(543)			47,4.04
Welfare Fund		27,'845							27,SSS
World Mission		Sr371							6,871
Fund supped
Ths Story Project		29,831							28,661
Theology XPre}est		390,069	45,000	(268,948)					1,66,121
Evangelistib Fuhds		80,715		(38,050)		(2,790)			42,'925
Other		21,79S							2'1798
		641,850	158,600	(441,667)	35,000	(3 3'33}		390&350

Analysis	'of n'et assets	betwee	n funds
2022			Unrestricted	Restricted	Endowment	Total
			Funds	funds	funds	2022
Chaffty				6	6
'Tangible	fixed asests		10,846,922			10,845,922
liivesbn	ants				16,852	.15,852
Nst current assefa,			175,842	157,294		332,036
Creditor	greater than ens		'(140,000)			(140;0'00)
year
			10,8'8'1,464	157,294	15;852	11,054,61.0
Clltf College Outreach		Ltd
Net current assets			(39,3'25)			(39,325)
Group			10,842,139	157,294	15;852	11,010,285
As restated
2021			Udrsitrlcted	Restrtcted	EndoWmeiit	Total
			funds	funds	furids	2021
Charity			8		6	6
Tahglble	fixed Sssits		10,672,934			10,672,934
lhVSSthisnts			68,079	109;200	277,123	494;402
Nst current assets			23'8,,132	241,150	117,177	596:,459
Creditor	greater than one		(166,000)			(169000)
year
			10,611,145	390,3'50	394,300	11,595,795
Cliff College Outreaoh		Ltd
Net curreht assets			(78,636)			(78,636)
Group			10,732,510	390,350	304,300	11,517;160

					Group
21	Reconciliation ofnet operating activities	(expenditure)		to net cash flow from	2022 6	2021
	Net (expenditure) for	the year			(716,875)	(413,286)
	Interest receivable				(6,838)	(2,326)
	Interest payable				5,475	6,302
	Losses/(gains) on investment				37,065	(17,625)
	Depreciation on tangible fixed		assets		91,299	59,771
	Decrease in debtors				235,491	160,187
	(Decrease) Increase	in creditors			(69,877)	1,592
	Net cash flow from operating		activities		(424,260)	(205,385)


			2022	2021
			8	6
Within	one	year	267	800
Within	two	to five years		267
Total			267	1,067

		Cgff College
		Outreacii, Ltd
		8
Irum over		330,052
Cost ofsales		.(76,577)
Gross profit		253;478
Administrative	expens'es	.(218,165)
Other operatl'ng	Incom~	4;000
Pro6t forthe year		39,8'10
Debtors		65,024
Cash at bank and in hand		42;976
		108,002
Creditors		(147,327)
Net liabilities		~80:325
		82