CHARITY REGISTRATION NUMBER 529386
CLIFF COLLEGE
CONSOLIDATED ACCOUNTS
YEAR ENDED 31 AUGUST 2023

CLIFF COLLEGE
CONTENTS
Page
Twstees, report
Statement of trustees, responsibilities
Auditor's report
9-11
Consolidated statement of financial &tivibes
12
Charity stslemenl of financial activities
13
Consolidated balance sheet
14
Charity balance sheet
15
Consolidated cash flow statement
16
Notes lo the accounts
17-32

CLIFF COLLEGE
TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2023
Reference and Administration Details
Trustees
Revd Loraine Mellor {Chair)
Revd Ashley Cooper (Principall
Revd Jonathan Dean
Revd Mark Hammond
Revd Leslie Newton
Revd Janet Unsworth
Charity number
529386
Principal address
Cliff College
Calver
Hope Valley Derbyshire
S32 3XG
Auditor5
Hawsons Chartered N￿OUntants
Stslutory Auditor
Pegasus House
463a GIo550p Road
Sheffield
S10 2QD
Bankers
HSBC
Belgravia Branch
The Peak
333 Vauxhall Bridge Road London
SW1V 1EJ
Solicitors
Graysons Solicitors
CourNvoc%J House
Silver Street Head
Sheffield
S1 2DD

CLIFF COLLEGE
TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2023
The Cliff College Committee ICCCI, the Clrff COl￿e Man￿l￿g trustees, present their report and accounts for
the year ending 31 August 2023.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts
and comply with the charity's goveming document. applicable law and the requirements of Accounting and
Reporting by Charities.. Statement of Recommended Pracb"ce.
Structure. gov9rnance and management
The chaTity is governed by charitable trust deeds, one dated 1903 and a seo)nd dated 1930. The members
of the CCC who served during the year wefe:
Revd Loraine Mellor (Chair)
Stephen Holliday (V¢ce-Chairl (resigned 25 Seplemter 2023)
Revd Ashley Cooper (Principall
Revd Jonathan Dean lappoinled 25 Septembef 2023)
Ashley France Iresigned 31 August 20231
Revd Mark Hammond
Matthew Lee {resigned 24 Marth 2023)
Revd Leslie Newion
Revd Raj Patta Iresigned 25 September 2023)
Joan Ryan (resigned 25 September 20231
Revd Paul Smith Iresigned 25 septeM￿r 20231
Revd Janel Unsworth lapprynted 25 September 2023)
The CCC is appointed by the Methodist Council. In the appointment of mernbers to serve on the CCC, the
Methodist Church seek5 to employ the widest possible range of skills and expertise, and fully bears this in
mind when inviting new rnanagirbg trustees to lake up their respon5ibilib"es_ Each member of the CCC is a
member of a sub-group that meets lo scrutinise and reFQrt on an element of the College's life and work. All
new CCC members are inducted in briefing meetings with the Principal and senior staff members.
Appointments lo the CCC are for arb initial period of three years, wth the option to extend for up lo a further
three years. Thereafter, a rnember may serve for a further year if the nomination is supported by 75Ok of the
members present at a meeb'ng to consider the nomination.
The ultsmale responsibility for the College lies with Methodist Conference 2nd, as the Colle9e is part of the
wider Methodist Church, it is govemed by Methc%list Church standing orders and the decisions made annually
by the Methodist Conference. The Trusteeship is held by the Methodist Council which appoints the CCC to
govern the College.
The strategic direction of the chartty is set by the CCC which then delegates the day-t￿aY running of the
College to the College's Senior Strategy Group lan intemal management group consisting of the Principal,
VI￿ Principal Academi¢, Vice Principal Mission and Chief Operating Officer). The CCC Chair and Vice-chair
receive the minutes of the Executive Committee meetings and attend meebngs when appropriate. The
Executive Committee reports to the CCC at each of its meetings.
The CCC also receives regular reports from the Board of Oirectors of Cliff College Outreach Limited. the
commercial trading am) of the Col*e.

CLIFF COLLEGE
TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2023
Objgctives and activities
The College's vision is lo be 'A Global Centre for Evangelism and Missiology. Cliff College's uniqueness is as
a community being formed by God's Spirit and centred on God's Word, equipping people for practical ministy
and engaging in mission.
In living out this vision. the College recognises its commrtmenl to the Melhodisl Church and ils heritage in the
Wesleyan family". st exists to train people in mTrssion and evangelism, which aims lo impact all sections of the
church and serve the widest ￿ssIble constituency_ These are achieved through".
a range of valKlated courses and programmes mission and evangelism at their core
short Courses, Ministry and Ministy Development courses and a Summer School to seNe the needs
of lay people in the thurch
evangelism and mission team to act as a catalyst for mission and evangelism in the church
an annual Fesfval to deliver a vibrant programme for all ages
the Cliff Year to provide young people with a year of vocational exploration
the conference centre to provmle accommodation for individuals and groups
Global partnerships to support lay and ordained training acr055 the globe
Cliff College exists for the charitable purposes ol the advancement of educab.on and of the advancement of
religion. Ail other charitable activities undertaken by the College are to further the attainment of its vision. The
CCC have paid due regard lo the guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Rlsk factors
The CCC have assessed the major risks to which the charity is exFx)sed and are satisfied that systems afe in
place to mitigate exwsure to the major risks. A risk register is maintained by the Senior Strategy Group and
the register is reviewed and approved by the CCC on an annual baws.
The most serious risks to Cliff College's survNal and devetopment are idenlified as..
insuffi'cient student nurnbers leading to a loss in income.
insufficient conference centre b)okings.
3. changes in Govemment legislation an(Vor the poI￿leS of our partners.
a renegotiation of the College's relationship with the Methodist Church.
negative publicity leading to a loss of Confidence for the College's positlon within the UK church and
Higher Education sector.
These risks have been managed in a variety of ways:
In terms of student recruilmenl, the College website has proved effective ￿th much clearer and concise
course information being made available and has provi(led good links lo the College's growing social
media presence. We have invested in an 'Admissions Officerf to make applying for our courses more
streamlined. Recruitsnent processes have been develop&J online wth successful virtual open days.
2. The ¢￿atIOn of a new Commeraal Manager role to increase profftability of the Conference Cenlre.
3. The College remains up to dale with govemment poltcy and maintains goLMI felationships with the Office
for Students. Relevant staff members have undertaken training to ensure compliance in key area5. The
College also maintains strong relationships wrth its partners, m*ling regulady and ensuring that each
other's expectations are fulty understood. The College'5 planned Instilutsonal and Penodic Review by
the University of Manthester has been scheduled for the 23r24 academic year.

CLIFF COLLEGE
TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2023
4. The Methodist Church has renewed its commth)ent to Cliff College through the development of a
'Shared Mission Plan, which enables the college to dearly identify the areas of work expected and offers
a clear opportunity lo monitor the relats"orsship with the church and its impacts on the wider life of the
college.
5. As required, the College'5 Preser￿ in media and soaal media has been closely monitored, and advice
has been 18ken where needed to ensure that the College is represented fairly. Managing the College's
public reputslion is an activity which is shared by the Methodist Church in Britain, who have committed
lo fund potential liability arising from the College's actions.
Achievements and perforniance
The College runs taught academic programmes at tK)th undergraduate and postgraduate levels, 88 well as
supervising research programmes. All of the College's acadernic programmes are validated by the University
of Manchester, and the college has an acltve Collaborative Agreement wrth the University's School of Arts,
Languages, and Cultures.
In September 2022, a new programme of Mission and Ministy Development units al Level 4 (first year
undergraduate) wa5 launched, acts.ng as a new stream for iecrutlment lo the wider academic programmes of
the College.
Undergraduate prograrnmes include..
Certificate. Diploma and Bachelors (Honoursl degree programmes in Theology and Ministry
Certificate. Diploma and Bachelors (Honoursl degree programmes in Mission and Ministy
During this year, a new Certificate, Diploma and Bachelors (Honours) degree programmes in Theology and
Mission has been devek)ped and designed by the College and validated by the University of Manchester. lo
replace the exislillg two undergraduate programmes from September 2024.
Postgraduate programmes include Postgraduate Certfficate, Diploma and Masters degree programmes in
Mission. Students may study on specialist pathways. including..
Biblical Theology and Mission
Children's and Youth Mission
Christian Mentoring
Disability, Theology and Mission
Leadership, Mission and Renewal
Literature. Theology and Culture
Mission and Evangelism
Mission and Global Justice
Pioneering Mlnistrte￿Fresh EXpreSs￿nS
The College provides supervision for sttjdents on dcctoral Fyogrammes. which are awarded by the University
of Manchester. Aongside a standard PhD. the College also has a professional doctorate programme, the PhD
Missiolc¥Jy.

CLIFF COLLEGE
TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2023
The College's academic team continues to develop and deliver various Courses in effective ways so that the
educational and religious aims of the charty continue to be achieved, including increasingly online. As part of its
Christian heritage, and by prOVi￿On being built into the leaming objectives of acefediled programmes. Cliff
College students continue lo engage in periods of placement and mission. For full-time students these
placement experiences significantly increase their employability. Most part-time students remain active in their
paid or voluntary church or community roles throughout their b'me of study at the College.
The College also maintsins three research centres. providing annual lectures and research opportunities on
three topics..
The Samuel Chadwick Centre." focussing on gathering and disseminating the fruits of research in
pneumalology wlh particular referen￿ to the Wesleyan. Pentecostal and charismatic traditions.
The Bible. Church and Gender Centre". focusing on biblirol and practical gender slLtdies and how
these inletseet and inform the lives of women and men in the contemporary church.
Generation.. the centre for the study of youth, children and families mission and ministy-
During this year. the College has secured an Opportun￿ lo provide researeh for the Methodist Church's New
Places for New Peoplelchurch at the Margins inilialive. and will fecruit a Research Fellow lo fulftl this exciting
opportunity.
The College is a150 a member of the Manchester Wesley Research Centre. which o)nnects the College w¢lh
other inslilub'ons in the MethodisL Wesleyan. Evangelical, Holiness and Pentecostal traditsons, and resources
reseafch and scholarship.
Cliff Global Partnerships
Cliff College's woth wlh global partner5 focuses on three main areas..
In-counlry training.. providing training and supportfoT training. in partnership with local training centres.
al a variety of levels to meet the local needs.
Immersion trips. providing experiences of the global thurch lo groups of individuals from the UK.
including from Cliff College.
Theology X.. providing a leaming platfomi that underpins in country training.
The College Wofks in partnership with the Methodi81 Church Global Relab"onships team in developing
Telation5hips with a number of British Methodist Church partners and their theological institutions. In this year,
this has included continued support and development for theological and practical training in Sierra Leone,
Nigeria and Zimbabwe. The College was represented at the Wesley Theological Society held at Asbury.
Kansas in February 2023, and continues to develop stron9 links with the Methodist Church in Ireland and the
European Methodist eAcademy.
Library
The library is a valuable resource for sbjdents. not only for those attendin9 intemal o)urse5 but also for others
who come lo carry out their research aclivities. The move to online leaming has led to a sMJnificanl investment
in the Digital Theology Library. to support the physical resources at Cliff. The archive section conb.nues to grow
in size and importance, attracting students wishing to explore Melhcxjisl history and heritage in detail. During
the year. further a¢quisitions of relevant material for b)th the archive and the library have been made.

CLIFF COLLEGE
TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2023
Festlval
The Cliff College 'Feslival' is a major publ￿ event that the College holds each year over the second bank
holiday weekend in May. Festival is supported by Methc<list Church partners. the Methodist ChLtrch Learning
Network and All We Can. Festival is a resource for church groups and individuals as well as being an important
aspect of our student recruitment activity.
CCO (Cliff College Outreach Llmited)
CCO is the trading arm of the College. providing a range of activities that support the charitable aims of the
College. There are two specific areas of activity the CCO oversees..
The Conference Centre Pfovides high44ualty facilities and modem accommcxlation options across
the site lo a wide range of customers.
Theology X Comrnercial provides an online learning platfomi for a range of other organisations, both
in the UK and across the globe. 11 also provides access to professional studio recording and editing
facilities. in order for partners to build high-quality online leaming opportunities.
The board of directors continues to actively monitor the financial context in CCO operates in order that
appropriate and prompt aclion can be taken to re4)ond to the extemal challenges. Any profft5 from CCO are
provided to College for its charilable purposes.
Financial review
From a financial point of view. the College had an expected difficult year., however, investment in recruitment
processes means that student number for￿Sts for next year are healthy. and conference bookings are starting
lo move in the right direction. Investment Property rentals remained strong.
The College continue5 to make students aware of their financial responsibilities and to this end all new
undergraduate students are provided with infomalion and suppK)rt in tnanaging their personal finances. One-to-
one'finance, interviews are held with all resKlential stLtdents and students that attend sile for leaching weeks. in
which they are made aware of the specrfic charges that they will be required to pay to the College for tuition
fees and residential fees. a payrnenl plan is then agreed upon. Many UK students are able access loans from
the Student Loans Company to finance their studtes. Throughout the year. sludenl xcounls are closely
monitored lo ensure the minimum of bad debts. Student loans are also available to postgraduate students and,
while some of our Maslerfs programme students are funded by their employer, these loans are benefi'cial lo
those who are noL
Investments
Supporters of the College, over many year5. have donated substantial sums of money by way of gifts and
legacies and have continued to provKle this SUPPOrt during the year. The outcome of this generosity is that
many investmersts have been made lo provide an income, some for the specthc benefit of the students and
some to provide general income for the College. Most of the fvnds are invested through either the Twstees for
Melhodisl Church Purposes ITMCP} or the Central Finance Board of the Methodist Church ICFBI and are
therefore subject to the Methodist chu￿h,$ ethical investment The college remains committed to moving
its investments. where possible, into higher wekling fvnds without compromising its ¢omrnitrnenl to a low risk
investment strategy as befits a chanty.

CLIFF COLLEGE
TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2023
Arrangements for settlng the remunerdtion of key management personnel
The salaries of key management personnel are set by the CCC, with reference to recommended ministerial
stipend sel by the Methodist Church for ordained stsff, with olhei salary leve15 sel alongside those offered in the
theological college sector (for teaching slaffj, and general salary levels (for non-teaching staff) with the Living
Wage Foundation Living Wage as a benchmafk. The Senior Strategy Group are now part of the Methodist
Chufch's Connexional Team, and salaries for these memters of staff are set by the Connexional Team.
Reserves pollcy
Al the 31 August 2023 the College held total reserves of £10.278,912. During the year, the College received
income of £1,819,249 and had expenditure of £2.724.627 which after losses on investments ol £995 and gains
on the revaluation of fixed assets of £170.000 resulted in a net decrease in reserves of £736,373.
11 is the policy of the College that unrestricted funds whKh have not been designated for a specific use should
be maintsined al a level equivalent to be￿een three and six monlh's expenditure. A5 at 31 Atjgusl 2023 the
College had a deficit of unreslricled free resefves of £167,499. The CCC are aware that the current level of I￿e
reserves is not consistent with the College's reserves p)licy bul have agreed a strategy to restore reserves lo
an appropriate level. They therefore consider Ihal, in the event of a signtficant drop in funding, they will be able
lo continue the charity's current acb"vib"es while consideration ss given to ways in whith additional funds may be
raised.
Plans for the futurelgolng concern
The College has recognised that grealef divefsity in income in es5enkn.al and this is reflected in the adoption of a
new five year business plan for the financial years 2023-2028. The plan directs the work of the College in
developing its two core income streams..
Providing a full range of accessible learning opportunities, at all levels. lo grow a vibrant and diverse
sludenl body, both onsite and online.
Maximising the use of the Conference Centre, trM)th forextemal conference bookings as well as leisure
rentals.
In the shorter term our priority is to replenish reseThes and the College has soEd a property to work towards this,
as part of a wider strategy with regard to its assets. This will provide the College with a fimi financial foundation
on which to move forward with the business plan. as highlighted a￿Ve.
On behalf of the board of rnanaging tTUStees.
Revd Ashley Cooper, Principal and Trustee

CLIFF COLLEGE
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responsible for preparing the Trustees, Reportand the accounts in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicab￿ lo charities in England armj Wales requires the trustees to prepare financial statements for
each financial year which give 8 true and fair view of the slate of affairs of the charity and of the incoming
resources and application of resources of the charity for that period.
In preparing these accounts, the trustees are required lo..
select sullable accounting poli¢ies and then apply them consistently..
observe the methods and prtnciples in the Charities SORP IFRS 1021..
make judgements and esknmates that are reasonabk and prudent..
slate whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements.. and
prepare the financial slalemenls on the going concem basis unle$5 it is inappropriate lo presume
that the charity will conty.nue in business.
The trustees are respcjnsible for keeping proper acc￿￿n￿n9 records that disclose with reasonable accuracy al
any lime the financial posits.on of the charity and enable them to ensure that the financial statements comply
with the Charities Act 2011. the Charity (Accounts and Reportsl Regulations 2008 arsd the provisions of the
trust deed. They are also resFonsible for safeguarding the assels of the chanty and hence for tsking
reasonable steps for the prevention and detection of traud and other iwularitie5.
The trustees are responsible for the maintenance and integrity of the charity and financial infomation included
on the charity's webstte. Legislation in the United Kingdom goveming the preparation and dissemination of
accounts may differ from legislation in other jurisdictions.

CLIFF COLLEGE
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CLIFF COLLEGE
Opinion
We have audited the financial statements of Cliff College {Ihe'charity'} and its subsidiary (the 'group'i for the
year ended 31 August 2023 which comprise the Consolidated Ststement of Financial Activities, Consolidated
Balance Sheet. Charity Statement of Financial Ath"vilies, Charity 8alance Sheet, Consolidated C85h Flow
Statement and notes lo the financial stslemenls, including a summary of STgnfficanl 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 Finanual Reporting Standard
applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounb"ng Practs'cel.
In OLsr opinion the financial ststements".
give a true and fair view of the state of the group's and the parent ¢harity's affairs as at 31 August 2023.
and of the group's incoming resources and application of resources. including its income and
expenditure, for the year then ended.,
have been property prepared in accordance wtth United Kingdom Generally A¢cepted Accounting
Practice.,
have been prepared in accordance wilh the requirements of the Charities Act 2011.,
where applicable, funds from whatever souro administered by the provider for specific purposes have
been properly applied to those purposes and managed in accordan￿ wth relevant legislation.,
where applicable. funds provided by the Ofs. UK Research and Innovation lincluding Resear¢h
England), the Education and Skills Funding Agency and the Department for Education have been
applied in accordance with the relevant terms and conditions." and
the requirements of the Ofs's accounts direction have been rneL
Basis for oplnlon
Vve conducted our audit in accordance with Internat￿nal Standards on Auditing (UK) IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditols responsibilities
for the audit of the financial statements section of our report. We are independent of the group and parent
charity in accordance with the ethical requirements thal 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 lo provide a basis for our opinion.
Conclusions relatlng to going con￿rn
In avdiling the financial ststernenls. we have concluded that the trustees. use of the going concem basis of
accounting in the preparab'on of the financial ststements is appropriate.
Based on the work we have perfomied. we have not identified any material uncertainties relating to events or
conditions that, individually or collectNely, may cast significant doubl on the group and parent charity's ability
lo continue as a going concern for a penod of at least twelve rnonths from Nthen the financial statements are
aulhorised for issue. Our responsibilities and the resFKJnsibilib"e5 of the tTusl*s with respecl to going concern
are described in the relevant secb.ons of this report.
Cxher Infom)atlon
The other infomiation eornpfises the information included in the trustees annual reporL other than the financtal
statements and our auditor's rewrt Ihereon. The trustees are responsible for the other Information contained
within the annual report. Our O￿nIOn on the financial ststements does not cover the other information and,
ex￿pt to the extent otherwise expliutty stsled in our report, we do not express any form of assurance
conclusion thereon. Our responsibility is to read the other infomialion and. in doing 50, consider whether the
other infomialion is materially inconsistent Wtth the financial statements or our knowledge obtained in the
COL¢rse of the audit or otherwise appears lo be materialty mi$5tsted. If we identify such material inconsislencies
or apparent material misstalemenls, we are required to delemiine whether this gives rise lo a material
misstatement in the financial slalements themselves. If. based on the work we have performed. we conclude
that there is a material misslalement of this other infomiab"on. we are required to report that fact.
We have nothing lo report in this regard.

CLIFF COLLEGE
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CLIFF COLLEGE
Matters on whlch we are required to report by exception
We have nothing to report in resp￿1 of the following matters in relation to whith the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if. in our opinion..
the information given in the finanaal statements is inconsistent in any material respect with the
trustees. report." or
sufficient accounting records have not been kept." or
the parent tharills financial statements are not in agreement wrth the accounting records and returns.,
or
we have not received all the information and explanations we require for our audit.
In the light of our knowledge and understsnding of the group and the charity and its environment obtsined in
the course of the audit, we have not identsfied material misstatements in the Trustees, Report.
Responsibilities of Irustggs
As explained more fulty in the tnjstees. responsibilities statement set out on page 8, 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 is necessary to enable the preparation of fin8ncial
statements that are free from mateibal misstatemenl whether due to fraud or error.
In preparing the financial statements. the tnjslees are reswnsible for assessing the group and parent charity's
ability to conb.nue as a going concern, disclosing. as applicable, matters related to going concem and using
the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent
¢harity or lo cease operations, or have no realisbc altemakn.ve but lo do so.
Auditorfs responsibllities for Ihe audlt of the finan¢ial Statements
We have been apwinled as auditor under wtion 151 of the Charit￿S Act 2011 and report in acLordance wrth
gulalions made under section 154 of that Act
Our objectives are lo obtain feasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due lo fraud or error, and to issue an auditor's report that includes OLtT
opinion. Reasonable assurance is 8 high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when il exists. Misslatemenls can arise
frorn fraud or error and are considered matenal rf, individually or in the aggregate, they could reasonably be
expected to Influen￿ the economic deciwons of users tsken on the basis of these financial slalernents.
The exlenl to which our procedures are capable of detecknThJ irregularilies, including fraud is detailed below..
The parent is subject lo laws and regulab.ons that directly and indirectly affect the financial slalements. Based
on OLtr understanding of the charity and the environment rt operates within, we determined that the laws and
regulations which were most significant included FRS 102 and the Charities Act 2011. We considered the
exlenl lo which non-compliance with these laws and regulations might have a material effect on the financial
stalemenls, including how fraud might occur. We evaluated management's in¢enb"ves and opportunities for
fraudulent manipulation of the financial statements (including the TFsk of override of controls}, and determined
that the principal risks were related lo the posting of inappropllale joumal entries lo improve the charity's result
for the penod, and management bias in key accounbng estimates.
10

CLIFF COLLEGE
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CLIFF COLLEGE
Audit procedures perforn￿d by the engagement team included:
Discussions with management and those responsible for legal compliance procedures within the parent
lo obtain an understanding of the legal and regulatory framework applicable to the charity and how the
charity complies with that framewotk, including consideration of known or suspected instances of non-
complk1nce with laws and reguLgtions and fraud-
Reviewing minutes of Trustee meekn"ngS',
Identifying ar¢d assessing the design effecb'veness of controls Ihat management has in place lo prevent
and detect fraud and non-complian￿ with laws and regulations",
Challenging assumptions a￿1 Judgements made by management in their significant accounting
estimates_
Identifying and testing journal entries. in particular any joumal enlries posted with unusual account
combinations or posted by senior management.
There are inherent limrtations in the audit pr￿ed￿re$ described al)ove and the more removed non-compliance
with laws and regulations is from the events and transactions reflecled in the financial statements, the less likely
we are lo become aware of IL Also. the risk of not detecting a material misstatement due to fraud is higher than
the risk ol not delecling one resulbng from erfor, as fraud may involve deliberate concealment by, for example,
forgery or intentional misrepresentslions. or through collusion.
A further des¢ription of our Tesponsibiliti'es is available on the Financial Reporttng Council's website at
vw.frc.org.uklauditorslaudil-assurancelaudiloi-s-responsibilities-for-1he-audit-of-the-fildescription-of-1he-
auditor's-responsibilitses-for. This desuipb.on forn￿ part of our auditor's report.
Use of our report
This report is made solely to the charity's trustees, a5 a b(MYy, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulab"ons 2008. Our audit work has been undertaken so that we might slate lo the
charity's trustees lttose matters we are required to slate to them in an auditor's report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume restx)nsibilily to anyone other than the charity
and the charity's trustees as a bcKly. for tyjr audit work, for this report. or for the o￿nionS we have fomed.
Hawsons Chartered Accountants, Statutory Audit
Pegasus House
463a Glossop Road
Sheffield
S10 2QO
Hawsons Chartered Accountants is elwible to act as an auditor in terms ofsectirjn 1212 of the Comp8nies AGt
2006.

CLIFF COLLEGE
GROUP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 AUGUST 2023
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Totsl
2022
Nole
Incomo from:
Donations and
legacies
Charitable activities
Other trading activities
Investments
Other
750.651
475.432
307.703
14.253
171,210
100,000
850.651
475.432
307.703
14,253
171,210
806,706
706,491
332,062
6,838
205,337
Totsl incomg
1.719.249
100,000
1,819,249
2,057,434
Expenditure on:
Charitable activiltes
Other
2.154.429
525,174
45.024
2,199,453
525, 174
2,138,219
599,025
Total expendlture
2,679,603
45.024
2,724,627
2,737,244
(Losses) on investments
12
995
{9951
137,0651
Net {expendlture)Ilneome
1960,354}
54.976
(9951
{906,373)
(716.875)
Transfer betwgen funds
27.505
127,505)
Othgr recognlsed galns
Gains on revaluation of fixed
assets
170.000
170.000
215,000
Net movement In funds
1762.849)
27.471
(995)
{736,373)
1501.8751
Fund balances brought
forward
10,842.139
157.294
15.852
11.015,285
11,517,160
Fund balances carrigd
forward
10.079,290
184.765
14,857
10.278,912
11.015,285
12

CLIFF COLLEGE
CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 AUGUST 2023
Unrestricted
Funds
Restricted Endowmenl
Funds
Funds
Total
2023
Total
2022
Note
Income from:
Donations and
legacies
Charitable activities
Other trading activities
Investments
Other
750.651
475.432
100,000
850,651
475,432
865
14.253
271,210
806,706
706,491
2,010
6,838
295.337
14,253
271.210
Total Income
1.512.411
100,000
1,612,411
1.817.382
Expenditure on..
Charitable activities
Other
2,154.429
343.695
40,881
2.199.453
343,695
2,138,219
398,283
Totsl expendlture
2.498,124
45,024
2,543,148
2,536,502
{Los5esl on invgstments
12
(9951
19951
{37.065)
Net (expenditurelllncorne
(985.7131
54.976
1931.7321
1756,1851
Transfer between funds
27.505
127.5051
Other Tecognised gains
Gains on revaluation of
fixed assets
170.000
170.000
215.000
Net movgment in funds
{788.2081
27.471
1995)
1761,7321
1541,1851
Fund balances brought
forward
10,881,464
157.294
15.852
11.054,610
11,595,795
Fund balances carried
forward
10.093.256
184.765
14,857
10.292,878
11.054,610
13

CLIFF COLLEGE
CONSOLIDATED BALANCE SHEET
YEAR ENDED 31 AUGUST 2023
Nole
2023
2022
Fixed assets
Tangible assets
Investments
11
12
10.247,411
14,857
10,262,268
10,845,922
15,852
10.861,774
Current assets
Debtors
Cash at bank and in hand
13
272.954
251.968
524,922
332.491
196.035
528,526
CrÈditor5: amounts falling due within one year
14
{396,2781
1235,0151
Ngt Curyents assels
128.644
293,511
Total assets less current liabilities
10,390,912
11,155,285
Credltors: amounts falling dug aftgf more than one
year
15
1112,0001
(140.000)
Net assets
10.278.912
11.015.285
Capltal funds
Endowment funds
17
14,857
15,852
Income funds
Reslricled fltnds
Unrestricted funds General
18
184.765
10.079,2g
157,294
10,842,139
10.278.912
11,015.285
The financial statements were approved and authorised for issue by the Board on 7 March 2024
Sigrsed on behalf of the b￿rd of Trustees
Revd Ashley Cooper- Trustee
Revd Andrew Slobart- OIS accountsble offter
14

CLIFF COLLEGE
CHARITY BALANCE SHEET
YEAR ENDED 31 AUGUST 2023
Note
2023
2022
Flxed assets
Tangible asset5
Investments
11
12
10,247.411
14,857
10.262,268
10,845,922
15,852
10,861,774
Current assets
Debtors
Cash at bank and in hand
13
260,807
236.400
497.207
396,994
153,057
550,051
Creditors: amounts falllng due within one year
14
1354,5971
(217.2151
Net currents assets
142.610
332,836
Total assets less current Ilabllltles
10,404,878
11.194.610
Creditors: amounts falling due after more than one
year
15
1112.000)
1140,0001
Net assets
10.292,878
11.054,610
Capltal funds
Endowment funds
17
14,857
15,852
Income funds
Restricted funds
Unrestricted funds General
18
184.765
10.093.256
157.294
10,881.464
10,292.878
11.054.610
The financial slalemenls were approved and auttsNised for issue by the Board on 7 March 2024
Signed on behalf of the board of Trustee5
Revd Ashley Cooper- Trustee
Revd Andrew Stobart- Ofs accountable offI￿r
15

CLIFF COLLEGE
CONSOLIDATED STATEMENT OF CASH FLOWS
YEAR ENDED 31 AUGUST 2023
Notes
2023
2022
Cash flow from operating activities
20
1605,659)
1424,2601
Cash flow from invesllng activities
Payments to acquire tangible fixed assets
Receipts from sale of investments
Receipts from sale of investment property
Interest received
Interest paid
{93.737)
149,2871
441.485
775,000
14,253
5,9241
6,838
15,4751
Not cash Ilow from investlng actlvltles
689,592
393,561
Cash flow from flnanclng activities
Bank loan repayments
(28.000
28.000
Net cash flow from financing activities
{28.0001
128,000)
Net Incrgasg1{decreasel In cash and cash equivalents
55,933
158,699)
Cash and cash equivalents at beginning of year
196.035
254,734
Cash and cash equivalents at ond of year
251.968
196,035
16

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS FOR
YEAR ENDED 31 AUGUST 2023
Accounting pollcles
Charlty Information
Cliff College is a registered charity Ino $293861. The principal address is Calver. Hope Valley, Defbyshire,
S32 3XG.
1.1 Accounting conventlon
The charity Constitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordan￿ wlh Accounting and Reporting by Charities. Statement of Recommended
Practi￿ applicable lo charits.es Pfeparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021. the Charities Act 2011. the Companies
Act 2006 and United lQngdom Generalty Accepted Practitr.
The financial statements consolidate the accounts of Cliff College and Cliff College Outreach Limited la
company limited by guarantee, registered company number 023314381.
The financial slalements are wepared on a going concem basis under the historic cost convention,
modified lo include certain items at fair value.
The financial statements are prepared in steding. which is the main functional currency of the charity
and rounded to the nearest £.
The sigllificant accounting policies applied in the pfeparah.on of these financial slalemenls are set out
below. These policies have been consistently applied lo all years presented unless othe￿iSe stated.
Going concern
After due considerakn.on of all relevant factors the charity's income and cash fiow forecasts and projections
indicate that the charity should be able to continue to operate for the foreseeable future.
The Iruslees therefore have a reasonable expectation that the chanty has adequate resources to continue
in operational existence for the foreseeable future. Accordingly they conkn.nue lo adopt the going concern
basi5 in prepanng the financial stalemenls.
1.2 Charitable funds
Endowment funds are subject to specthc conditions by donors that the capital must be maintained by
the chaflty.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives unless the fvnds have been designated for olher purposes.
Designated funds cornprise funds which have been set aside at the discreb.on of the trustees forspecific
purposes. The purF)ose$ and uses of the designated funds are set out in the notes to the accounts.
Reslricled funds are subject to specific conditions by donors as to how they may be used. The purposes
and uses of the reslrtcted funds are set out in the notes to the a¢￿unts.
17

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED)
YEAR ENDED 31 AUGUST 2023
1.3 Income recognition
Grants are accounte(J for on a receNable basis.
For legacies, enlitlemenl and recogntiion is the earfEr of receipt of the legacy or where it is probable
that it will be received.
Donations received towards student fee sponsorship may be deferred for use in later years. The
disbursements from this fund vary according lo student needs.
Incoming resources from endowment funds are unrestricted and are transferred to ￿n￿$t￿cted funds al
the end of the financlal year.
Sludenl fees invoiced in advance are treated as deferred income.
1.4 Expenditure recognition
Resources expended are recc43nised in the year in which the liability is incurred.
Costs of raising fvnds relate to the cost of providing conference facilrties and other fundraising activities.
Expenditure relating lo charitable activities includes all the costs, including support costs. relating lo the
running of the ¢tJlege as an educational institution.
Governance costs are those incurred in connection with administration of the charity and compliance
with ¢onsb'tutional and statutory requirements.
1.5 Tanglble fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation ￿sS accumulated depreciation and accumulated
impairment losses.
Depreciation is recognised so as to write off the cost orvaluation of assets less their residual values over
theiT useful lives on the following bases..
Buildings
Property refurt)ishmenl
Computer equipment
Fixtures, fittings and equipment
Motor vehicles
Land is not depreciated
Straight line over 100 years
Straight line over 15 years
200k slravjhl line
20/0 straight line
20% straight line
The gain or loss arising on the disposal of an asset is detenmined as the difference behveen the sale
proceeds and the carrying value of the asseL and is recognised in net income I lexpeTrdilure) for the
year.
Investment properties are measured at fair value at each reporting date with changes in fair value
Tecognised in nel gains l (losses) ￿ revaluation of fixed assets in the SOF
18

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED)
YEAR ENDED 31 AUGUST 2023
1.6 Investments
Investments are recognised initially at faif value, which is nomially the transaction price excluding
transaction costs. Subsequently. they are measured at fair value with changes recognised in net
gainllosses in the SOFA.
A subsidiary is an entity controlled by the charity. Control is the power lo govem the financial and
operating policies of the enlty so as to obtain benefits from rts acb"vities.
1.7 Impairment of fixed assets
Assets not measured at fair value are reviewed for any indicabon that the asset may be impaifed at
each balance sheet date. If such indication exists. the recoverable amount of the asset, or the asset's
cash generating un¢t, is estimated and compared to the carying amount. Where the carrying amount
exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is
carried al a revalued amount where the impairment loss is a revaluation decrease.
1.8 Penslons
The pens¢on costs charged in the accounts represent the contributions payable by the chaTty during the
year.
The charity participates in a mulb'*mployer defined benefft scheme. as the proportion attributable lo the
charity is not separately identifiable. Ihe pension schemes are accounted for as defined contribution
pension schemes in the accounts. Following the closure of the defined benefit pension scheme the
charity contributed lo a defined contr"buts"on pension scheme. Further details are included in note 16.
1.9 Cash and cash equlvalents
Cash al bank and in hand include5 cash and short term highly liquid investments with a short malurity
of three months or less from the date of xquisitson or opening of the deposit or simikr account.
1.10 Financial instruments
Financial instruments are classtfied and a¢¢ounted for. according lo the substan¢e of the contractual
arrangement, as financial assets. financial liabilities or equity instnjments. An equity instrument is any
contract that evidences a residual interest in the assets of the company afterdeducting a51 of its liabilities.
Where shares are issued. any component that creates a financial liability of the company is presented
as a liability in the balan￿ sheet. The corresponding dN¥Jends relating to the t￿bilItY component are
charged as interest expense in the profit and loss account.
1.11 Judgements and key sour￿5 of estimation uncertalnties
In the application of the chanty's accounting policies, the trvstees are required to make judgements,
estimates and assumptions about the Carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that a￿ considered lo be relevant. Actual results may differ from these
eslimales.
The estimates and Ltnderlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only
that period, or in the period ol the revk8ion and future peric*Js where the revision affects both current and
future periods.
The trustees have based Iheirestimate ofthevalueofthe land and buiklings of thecharityon independent
professional valuations. The accuracy of these valuab.ons coukl therefore have a material adjustment to
the urrying amount of assets and liabilities.
19

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS ICONTINUED)
YEAR ENDED 31 AUGUST 2023
Donations and legacles
Group and Charty
R8stri¢ted
Totsl
Fund
2023
Unrestricted
Fund
Total
2022
Donations and gifts
Legacies receivable
DMLN grant from the Melhodistchurch
Global Partnership income
Theologyx income
Other grants
101.209
168,069
428.297
101,209
168.069
428,297
100,000
27,000
26,076
60.182
162.303
425,096
126,129
100.000
27,000
26,076
32,996
750,651
11x1,000
850,651
806,706
For the year ended 31 August 2022
680,577
126,129
806,706
2023
2022
Legacies receivable
Unreslricled funds
M Woodlock-smith
M Smith-croucher
G Ware
A Jackson
A Moden
S Britton
A Wheeler
P Stephens
150,000
12.000
8,205
1.000
538
13.674)
90,000
20
72,283
168.C69
162,303
Charitable activilies
Group
2023
Charity
2022
2023
2022
Student fees
Festival Income
426,101
49.331
475,432
638,308
68,183
426.101
49.331
475.432
638,308
68,183
706,491
Other trading activitios
Group
2023
Charlty
2022
2023
2022
Trading income
307,703
332.062
865
2,010
20

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED)
YEAR ENDED 31 AUGUST 2023
Investment incornè
GTOUP and Charity
Unrestricted
Unrestrlcted
2023
2022
Central Finance Board Fullds
Other investment income
14,253
6.838
14,253
6.838
Other income
Group
2023
Charlty
2022
2023
2022
Rental Income
Other income
108,059
63,151
171,210
201.337
4.000
205,337
198.059
73,151
271.210
169,749
125,588
295,337
Charltable expenditure
Group and Charity
Unrestricted Restricted Endowrnent
Total
Funds
Funds
Funds
2023
Total
2022
Staff costs
Methcmjist Church
stipends
Sludenl course costs
Fe5bval costs
Global Partnership costs
Theology X Plattomi costs
other
822,303
156.559
822,303
156,559
821,404
173,621
153,416
145.785
10.060
163,476
145,785
34,964
52,842
192,171
101,917
66.733
40.120
94.942
1.490,908
52.842
1,330,9)5
45,024
1,375,929
Share of support costs
(see note 81
823,524
823.524
647.311
2.154.429
45.024
2.199.453
2.138,219
For the year ended 31
Aijgusl 2022
1.871.314
266.905
2,138,219
In accordance with the Access and Participation Plan, the College has spent £41,00012022". £54.000} on Access
Investment," £S,00012022.' £5,000) on Financial Support Investrnenl., £10.00012022.' £nill on Support for Disabled
Students," and £2,000 {2022: £2.000} on Research and Evaluab"on Investrnent.
21

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED)
YEAR ENDED 31 AUGUST 2023
Allocation of support costs
Group and Charlty
Other
Charitab19
Total
2023
Govefnance
Finan
IT
Property costs
Depreciation
offi￿ costs
Irrecoverable VAT
Other
49.732
53,290
101,312
130,228
74.162
110,389
74.228
230.183
8,776
9,404
17,879
22,981
13.087
19.481
13.100
40.620
58.508
62,694
119,191
153.209
87.249
129,870
87.328
270.803
823,524
145,328
968,852
2022
Governance
Finance
32.492
42.736
85,292
89,970
68,478
117,800
62,630
147.913
10,831
14,245
28,431
29.990
22,826
39.266
20.876
49.305
43,323
56,981
113,723
119.960
91,304
157,066
83,506
197,218
Propety costs
Depreciation
Office costs
Irrecoverable VAT
Other
647,311
215,770
863,081
Support costs have been allocated based on the relevant proportions of income.
Governance costs includes audrt and accountancy fees for the year of £14,90012022.' £13,925).
9 Trustees and key management remuneration
Cliff College is controlled by The MethTrJi5t Council. whose members are the Trustees of Cliff College and
appoint the Cliff College Committee to serve as the goveming body of the college.
The college considers its key management personnel to be its Senior Strategy Group which comprise the
Principal, the Vice Principal Academic. the Vice Principal Mission and the Chief Operating Officer. The total
amount of benefits received by key rnanagemenl personnel is £214.13012022.' Senior Management Group
£230.6891.
Other than the Principal who is part of the Senior Strategy Group. no other members of the Cliff Committee
received any remuneration during the Cu￿ent or previous year. During the year six12022.' six) members of
the Cliff College Committee were reimlxjrsed a total of £1.24412022." £828) relating lo travel expenses.

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED)
YEAR ENDED 31 AUGUST 2023
10 Employees - Group
The average monthly number of employees aThl full time equivalent (FTE) duing the year was as follows..
2023
Number
12
31
43
2023
FTE
10
24
2022
Number
15
28
43
2022
FTE
13
19
32
Academic
Non Academic
Group
2023
2022
Employment costs
Wages and salaries
1,086.388
1.092,8
14
105,359
62.254
Social security costs
Other pension ￿sts
100,832
66,533
Total staff costs
1.253,753
1,260,4
27
There are no employees whose annual emoluments were £60.000 or more.
23

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED)
YEAR ENDED 31 AUGUST 2023
11 Tanglble fixed assets
Group and Charity
Land
and
Buildings
Plant,
Equipment
& Furniture
Investment
Propgrtigs
Computer
Equlpment
Motor
Vehicles
Total
Cost or
valualion
Al 1 September
2022
4.310.000
6,516,000
379.493
485.886
19,700
11,711,079
Addrtions
Disposals
Revaluation
70.532
9,210
13.995
93,737
(775,0001
170,000
1775,000)
170,000
At 31 August
2023
3,705,000
6.516.000
450,025
495,096
33.695
11.199,816
Depreciation
Al 1 September
2022
46,190
351.786
455,137
12,044
865,157
Charge for the
year
46.190
24.610
11.309
5,139
87,248
At 31 August
2023
92.380
376.396
466.446
17.183
952,405
Net book value
At 31 August
2023
3.705,000
6,423.620
73,629
28,650
16.512
10,247,411
At 31 August
2022
4,310,000
6.469,810
27.707
30,749
7,656
10.845.922
Investment Properties included al valuation had a historical cost of £1,279,65612022'. £1.778,2181 wilh
accijmulated depreciation of £65.493.12022." £80.9731. Land and buildings included at valuation had a historical
cost of £7,002.18712022.' £7.IXJ2,1871 with accumulated depreciatson of £1,358,818 {2022. £1,312,628)
Freehold land and buildings were subject to independent professional valuation at 31 August 2022.
Investment Properties were subject to independent professional valuations at 31 August 2023. The valuations were
undertaken by Riddle & Co based on market value.
24

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED)
YEAR ENDED 31 AUGUST 2023
12 Fixed asset Investments
Group and Charity
CFB
Managed
fixed
interest
CFB
Managed
mixed
fund
Totsl
Market value at 1 September 2022
Change in value in the year
Transfer
15,405
{993)
418
447
121
418
15,852
19951
Market value at 31 August 2023
14,830
27
14.857
The custodian Injslees are the Trustees for the Methodist COnne￿Onal Funds {Regisleredl and the
Trustees for Methodist Church Purposes. The markel ￿dIue of the investrnents has been provided by
the Trustees for Melhodi5t Church Purposes ITMCPI.
Group
2023
Charity
13 Debtors
2022
2023
2022
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
1TI,501
111.480
92.313
73,041
23,622
71,831
260,807
46.456
129,527
174,929
46,082
396,994
23,622
71,831
272.954
174,929
46,082
332,491
Group
Charity
14 Creditors- arnounts falling due withln
one year
2023
2022
2023
2022
Trade creditors
Tax and soeial seurity costs
Other creditors
Bank loan
Accruals and deferred income
261.926
44,089
18,178
28,000
44,085
396,278
116.991
39,307
9.193
28,000
41,524
235,015
248,137
22,667
18,178
28,000
37,615
354.597
114,151
26,097
9,193
28,000
39,774
217,215
15 Creditors: amounts falling due after
more than one year
2023
2022
2023
2022
Bank Loan
112.OlJ)
140.000
112.000
140,000
25

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED)
YEAR ENDED 31 AUGUST 2023
16 Pension costs
The College is a participating employer of the Pension and Assurance Scheme for Lay Employees of
the Methodist Church l-the Seheme"), a defined benefit scheme.
A valuation of the Scheme for the purposes of these disdosures was carried out al 31 August 2023 by
an independent actuary. The major assumptions used by the xtuary. together wlh those used in the
previous year, were'.-
2023
2022
Discount rate
RPI inflation rale
CPI inflation rate
Rale of increase in pensionable earnings
Rale of increase in pension payments
2.213.315.0
2.313.415.0
The major categortes of the Scheme's assets lexduding money purchase AVCS) as a per￿ntage of the
totsl Scheme assets, were as follows:
31 August
2023
31 August
2022
Equi(ies
Corporate bonds
Property
Cash
Liability driven investment
Annuities
12
46
37
10
16
20
19
31
The followng amounts al 31 August 2023 were measured in accordan￿ with the requirements of FRS
102.
£ mllllon
57.2
53.2
Total market value of assets
Present value of scherne liabilrt.ses
Net overfunding in Scheme
Unrecognised assets
Net Defined Benefit Asset
14.01
26

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED)
YEAR ENDED 31 AUGUST 2023
16 Penslon costs lcontinugd)
The Scheme operated by the Methodist Church is a defined benefft scheme. However. the College 1$
not the only participating employer in the Scheme and r( is Unab￿ to determine ils share of the
underlying assets and liabilits.es on a consislenl and reasonable basis. This is because contributions
paid into the Scheme are not invested separately lo those paid by other ernployers participating in the
Scheme. As such no separate fund is identifiable in respect of the College. In order to detemine a
current fund for each parb"rypats"ng employer il would be necessary lo separately account for
contributions. benefit payments and investment returns for each partiapating employer.
Under the lems of the Scheme. the assets and liabilities are pooled amongst the participating
employers. If a partieipaling employer were to cease lo participate then that employer would be
required lo pay a debt to fully fund their share of the Scheme's liabilibes. The College would not be
liable for another employerfs debt bul has an option lo assume responsibilrty under an apportionment
arrangement.
The Scheme closed to new entrants and the future accrual of pensi￿¥ble seryice wilh elfecl from 31
May 2019 and therefore regular employer contributions ceased on that date.
A full 8Ctuarial valuation of the Scheme was carried out al 1 September 2020 by the Scheme Actuary.
The valuation disclosed a past service deficrt of £16.7m. It was agreed that the shortfall revealed at 1
September 2020 should be eliminated by contribution5 lo be pard from the Pension ReseNe Fund of the
Methodist Church to the Scheme as follows".
£2,380.000 per annum each August. Starting August 2021 up to and induding August 2026,. and
Between £0 and £529,000 each December, starting December 2021 up lo and including
December 2026. The precise amount payable wll be determined by the Scheme Actuary having
regard to Scheme experience.
An update of the ftjnding position as al 1 September 2022 was carried out by the Scheme Actuary.
This showed that the past Servi￿ defiot had reduced from £16.7m to £1.1m.
The next fvll actuarial valuation is due to be carrred out as at 1 September 2023.
The College contributed lo a defined contribution penston scheme on behall of its employees. The
employer contribubons paid to the Scheme during the year loLilled £66,53312022'. £62.2541.
27

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED)
YEAR ENDED 31 AUGUST 2023
17 Permanent Endowment fund5
Group and Charity
Balance at
1 September
2022
Inv8stment
galnsl
Ilossesl
Balance at
31 August
2023
In¢ome
Expendlture
Trnnsfers
General
student prizes
8.979
6.873
13811
16141
8,598
6,259
15.852
995
14.857
Balance at
1 Septembgr
2021
Investment
gainsl
{losses)
Balanca at
31 August
2022
Income Expenditure
Transfers
General
Library
Ministerial
12.268
3,475
11,710
3.256
(2,7991
13.4751
{11,7101
13.2561
{4901
8.979
Perpetuated
subscriptions
Student fees
189,780
1189,780)
Student fees13rl
paty inleiestl
Student prizes
Trekkers
146,592
(146,5921
18.598
8.621
111,726)
(8,621)
6,873
394.300
1377,9591
(4891
15,852
28

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED)
YEAR ENDED 31 AUGUST 2023
18 Restricted funds
The income funds of the charty include restricted funds comprising the following unexpected balaft￿$ of
donations and grants held on trust for specific purposes.
As roststed
Balance at
1 September
2022
Income
Expenditure
Transfers
Balance
31 August
2023
Global Partnetship
Bursary Fund
Welfare Fund
Other
81.861
25,790
27,845
21.798
157.294
100,000
34.9641
110.060)
127,5051
119,392
15,730
27,845
21,798
184.765
100,000
145.024)
127.505)
Balance at
1 September
2021
Income Expenditurg
Transfers
Balance at
31 August
2022
Global Partnership
Bursary Fund
Welfare Fund
World Mission Fund
support
The Story Project
Theology X Project
Evangelistic Funds
Other
48,255
47,404
27,845
6,371
116,129
(88.8941
21,6141
6.371
81,861
25,790
27,845
{6.371}
29.631
166.121
42.925
21,798
{29.631)
{62.6491
10.000
1113,4721
142.9251
21,798
390,350
126.129
{266,9051
(92,2801
157,294
Restricted funds
Global Partnership receives funding from the Methodist Church to arrange missh)n trips to developing covnlries.
The Bursary Fund exists to provide support to students who need help paying for their course fees.
The W8lfarg Fund exists to provhje supwt to students who are in general financial difficulb'es. Disbursements are
made according to need.
Sufficient resources are held in an appropriate fC￿M to enable exh fund to be applied in accordance with any
restrictions placed upon rt.
29

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED)
YEAR ENDED 31 AUGUST 2023
19 Analysis of net assets between funds
2023
Unrestridgd
funds
Restricted
funds
Endowrnent
funds
Total
2023
Charity
Tangible fixed assets
Investments
Net current assets
10.247.411
10,247,411
14,857
142,610
1112,0001
14.857
(42,1551
1112,Tr30)
184.765
Creditor greater than one
year
10.093,256
184.765
14.857
10.292,878
Cliff College Outreach Ltd
Net current assets
113.966)
(13,9661
Group
10,079,2WJ
184,765
14.857
10,278.912
2022
Unrestrlcted
Funds
Restrlcted
funds
Endowmenl
funds
Total
2022
Charity
Tangible fixed assets
Investments
Nel current assets
CreditOT greater than one
year
10.845.922
10,845,922
15,852
332.836
1140,0001
15.852
175.542
(140.OCKJI
157,294
10,881,464
157.294
15.852
11,054,610
Cliff College Outreach Ltd
Nel cuffent a$sets
{39.325)
(39,3251
Group
10.842.139
157.294
15.852
11.015.285
30

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED)
YEAR ENDED 31 AUGUST 2023
Group
20 Reconciliatlon of net (expenditurg) to net ￿$h Ilow from
operatlng activities
2023
2022
Nel lexpendilure} for the year
{9(￿,373)
1716.875)
Interest receivable
Interest payable
Losses on investments
Depreciation on tangible fixed assets
Decrease in debtors
IncreasellDecreasel Increase in creditors
114,2531
5,924
995
87,248
59,537
161,263
16,838)
5,475
37,065
91,299
235.491
169,8771
Not cash flow from operating activiti8$
{605,6591
1424,2601
21 Operating lease ¢ommltments
At 31 August 2023 the charity has had oulslanding commibnents for future minimum lease payments
under non-cancellable operating leases. which fall due as follows.
Group
2023
2022
Within one year
3,853
267
Within to five years
7,385
Total
11.238
267
Group
22 Grant and Fee Income
2023
2022
Grant Income from the Ofs
Grant income from other bodies
Fee income for taught awards
Fee income for research award5
Fee income from non-qualifying cour5e5
16,346
10.000
322,117
43.800
60,184
34.531
515.250
38,400
84,658
452,447
672.839
31

CLIFF COLLEGE
NOTES TO THE CONSOLIDATED ACCOUNTS {CONTINUED)
YEAR ENDED 31 AUGUST 2023
Group
23 Head of Provider Remuneratton
2023
2022
Principal
Stipend cost
Pension
Other taxable benefits
45,402
7.243
43,393
6,947
This remuneration package is in line with others in the theological college sector, and is in line with
value and performance delivered. Performance is reviewed by the Board of Governors. As the Principal
is an ordained minister in the Methodist Church in Britain, the remuneration is set by the stipend level
of the Methodist Church in Britain
The head of provider'5 b05iC salary and remuneration are 1.3 times the median pay and remuneration
of staff respectivety, where the median pay is calculated on a full-time equivalent basis for the salaries
paid by the provider to its staff.
24 Related partlès
Cliff College has a subsidiary Company. Cliff College Outreach Limited. Cliff College Outreach Limited is a
company limited by guarantee whose members are made up of the cirfr College Committee.
Cliff College Outreach Limited vra5 set up in 1988 in Order to serve the College in the building of the
Broadbelt and Eagles buildings and lo act as the vehicle calrying out the trading activitie5 of the charity as
provider of conference accomm()dation to third parties during b.mes when the buildings were not being used
by the College for hrmjsing students.
The acb"vits"es of Cltff College OLrtreach Limited are in line with the tKJlic￿s and strategies of Cliff College.
and indeed occupy the same p￿IseS and complement the overall charitable activrties and financial
strength of the charity.
Detsils of the subsidiary ¢ompany's assets al 31 August 2023 and results for the year then ended are as
follows..
Cllff Collegtr
Outreach Ltd
Turnover
3(￿.838
89,130
Cost of sales
Gross profit
217,708
Administrative expenses
Profit for the year
192.349
25,359
Debtors
Cash al bank and in hand
80,718
15,568
96,286
Creditors
110.252
Net liabilitles
13.966
32