Council of Church Universities and Colleges {operating as The Cathedrals Group) Annual Report and Account5 31 July 2021 Charity ReBistratioTr Number 801726
Contents Reports Reference and administrative information Executive Committee report Independent auditorfs report Accounts Statement of financial activities 13 Balance sheet 14 Principal accounting policies 15 Note5 to the accounts 18 Council of Church Universities and Colleges (operating as The Cathedrals Group)
Reference and administrative infom)ation Executive Commlttee Professor Peter Neil (Chairl Professor jackie Dunne (Vice Chairl Professor Jean-Noel Erzingeard Ivice Chairl Professor Rama Thirunamachandran Profe550r Julie Mennell Professor lane Longmore Paul Barber, Director of Catholic Education SeNice Garry Neave, HE Adviser, Church of England RegisteredlPrin¢lpal office York St John University Lord Mayor's Walk York Y0317EX Charity registration number 801726 Auditor Buzzacott LLP 130 Wood Street London EC2V 60L Bankers HSBC Bank plc 22 Vrctoria Street Westminster London SWIH ONJ Natwest Bank High Street Lincoln LN2 IAZ Solicitors Lee Bolton Monler-williams l The Sanctuary Westminster London SWIP 3JT Council of Church Universities and Colleges (operating as The Cathedrals Group)
Executive Committee report Year to 31 July 2021 The Executive Comrnittee presents the report and accounts of the Council of Church Universities and Colleges (operating asThe Cathedrals Group) I'the Council") forthe year ended 31 july 2021. Audited accounts are required under the terms of the Council's Constitution. The accounts have been prepared in accordance with the occounting policies set out on pages 15-17 of the attathed accounts and the requirements of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the United Kin6dom and Republic of Ireland (FR5 1021. The Council has adopted an abbreviated Executive Committee report a5 It qualrfies as a small charity. Govemance, structure and management Constitution The Council is governed by a constitution adopted on l November 1988, which has been amended in subsequent years. the latest amendment being November 2016. The Council is also a registered charity (charity registration number 8017261. Oryanisrtion The policy and general management of the affairs ot the Council is directed by the Executive Committee. The Executive Committee consists of the Chair, two Vice-Chair5 and two Vice Chancellor5/Principals elected by the Members representing the range of Members. The Director of the Catholic Education Service and the Chief Education Officer of the Church of England are entitled to attend. Representation Membership of the Council 15 open to the designated vice-Chan110r or Principal of each University or Church University College in full membership. One nominee from each of the Catholic Education Service. the Church of England 8oard of Education, and the Methodist Church in Britain is entitled to attend. Associate membership may be granted to such bodies as are willing and able to subscribe to the principal aims and artivities of the Council. The Members elect the Chair of the Executive Committee to seNe for a period of two years or such longer period as the Members may determine. The Honorary Treasurer or Treasurer is elerted by the Members to seNe for a period of two years. The members of the Executtve Committee are a150 the trustees of the Council for the purposes of charity law. They are listed on page l and have all Served in office throughout the year and to the date of this report except where stated. Council of Church Universities and Colleges (operating as The Calhedrals Group)
Executive Committee report Yearto 31 July 2021 Governance, Structure and management Icontinuedl Key monagementpersonnel The key management personnel of the charity In charge of directing and controlling, running and operating the charity on a day to day basis comprise the members of the Executive Committee. No member of the Executive Commlttee receives any remuneration from the charity in respect of their duties. Stotement of responsibilitie5 of the Executive Commlttee The Executive Committee is responsible for preparing the annual report and accounts in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountin8 Practice). The law applicable to charities in England and Wales requires the Executive Commlttee, as the trustees of the Council (the "charity"), to prepare account5 for each financial year which give a true and fair view of the state of affairs of the charity at the year end and of its income and expenditure for the period. In preparing the accounts, the members of the Executive Commlttee are required to: select suitable accounting policies and then apply them conslstently; observe the methods and principles in Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reportlng Standard applicable to the United Kingdom and Republic of Ireland IFRS 1021,. make judgements and estimates that are reasonable and prudent,. state whether applicable United Kingdom accounting standard5 have been followed, subject to any material departures disclosed and explained in the accounts.. and + prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Executive Committee is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity IActounts and Reports) Regulations and the provision5 of the charitvs constitutlon. They are also responsible for 5afeguardlng the assets of the charity and hence for taking reasonable steps for the prevention and detectlon of fraud and other irregularitres. When setting the objectives and planning the work of the Council for the year and its future activrtles, members of the Executive Committee have given careful consideratlon to the Charity Commission general guidance on public benefit. Council of Church Universities and Colleges (operating as The Cathedrals Group)
Executive Committee report Year to 31 July 2021 Governance, structure and management Icontinuedl Risk monogement The Executive Committee has assessed the major risks to which the Council is exposed, in particular those related to the operations and finances of the Council and are satisfie(I that systems are in place to mitigate exposure to the major risks. As a membership organisation whose income is primarily subscriptions, the major risk facing the Council is the loss of members. The financial consequence5 of this are mitigated in two respects: the low level of fixed costs with most expendlture being more discretionary project spend,. and the level of reserves carried to allow activf(v to be transitioned to a smaller membership base. Objertives andartivities Overview The work of the Cathedrals Group in 2020-21 has been Significantly impacted by the Coronavirus pandemic and by the emerging direction of government education policy. The pandemic has necessitated that almost all Cathedrals Group business is conducted remotely, with all meetings moving online and activities that would have been held in person, adapted, postponed, or cancelled. The pandemic has also diverted attention amongst members. requiring a significant focus on managing COV5D-19 implications, and reducing some of the scope to progress joint project5 3n(l attivities. However, it has also presented opportunities, providing a catalyst for various teams across the members to work together more closely. As discussed below, thi5 has resulted in several initiatives that embrace the strategic objectives of the Cathedrals Group. Thegovernment's pollcy agenda has challenged members to strengthen their representation and lobbying capacity. This is particularly the case in the field of teacher education a founding strand of the Group's shared identity-where a major review of national provision has significant implications for members. Several other government or regulatory consultations on important HE sector issues, such as quality and standards, and admission5, have also provided a focal point forjoint work and Sponses. The Group has galvanised its shared positioning on several of these issues, meaning it is well placed to respond to further proposals and developments. These two external driver5 have meant that more of the Group's work in 2020-21 has been reactive. There are some notable exceptions to this, particularly the Cathedrals Group Graduate Careers Fund a project with joint investment from members designed to support graduates seeking work in the context of the pandemic. The Group has also progressed important areas of joint research and put in place infrastructure. such as its new website and better risk management processes, to ensure it is well placed for longer term development. Although the Group now faces changes in personnel within its support office, it moves into the post-pandemic period well-placed to continue enhancing its impact and credentials. Council of Church Universities and Colleges {operating as The Cathedrals Group)
Executive Committee report Yearlo 31 July 2021 Governance, structure and management Icontinuedl Personnel In 2020-21, Professor Peter Neil setved the second year of his two-year terni as Chair of the Cathedrals Group. The Group appointed two new Vice Chairs to its Executive, Professor Jackie Dunne, and Professor Jean-Noel Erzin8eard. Two Vice Chancellor5 retired from their universities and therefore from the Group, Professor Margaret House at Leeds Trinity University. and Profe550r Joy Carter, at the University of Winchester. They were replaced by Professor Charles Egbu and lon an Interim basisl Professor Elizabeth Stuart, respectively. In November 2020 the Group's administrator, Sophie Pointon left her p05t at the conclusion of her contract. Administrative 5UPPOrt was subsequently provided by the Chalrfs office. In mid- October 2021 the Group's Head of Public Affairs and Corporate Communications abo left thelr post at the conclusion of their contract. At the time of writing a replacement appointment is being sought to the He3d of Public Affairs role. These chan6e mean that the Group is enterin8 a transition period with a new Chair and new support office staff due to be Sn post by the AGM in December. Infrastrurture Although the pandemic prevented the development of several areas of work the Group might have carried out. it did provlde some opportunities to focus on strengthening the Group, infrastructure to put it on a more stable footing movinB forward. This work ha5 three maln strands.. Relaunchlng the website. Conducting a more detailed risk assessment and acting on the outcomes. Strengthening the connections between peer groups of staff across member institutions. The work on the website was initiated during 2019/20. Some delay in the final stages wa5 experienced because of the onset of the pandemic, but in spring 2021 a full refresh of content was completed. and the new slte was launched. Analytics data shows that there has been increased engagement with the site since the relaunch and the Group now has a clear and distinctive brand that stands up alongside that of simllar Groups in the sector. At its November 2020 AGM the Group considered a report monitoring compliance against Charity Commission guidance and a wider risk assessment usinE a PESTLE analysis. These reports enabled the Group to identify areas for development in its business, such as the 5ub5equent development of statements on safeguarding and complaint5. The Group has agreed to receive similar report5 at 115 AGM on a bi-annual basis, lo steer and review its business. Council of Church Universities and Colleges (operating as The Cathedrals Group)
Executive Committee report Year to 31 July 2021 Governance. structure and management Icontinuedl Infrastructure Icontinuedl There has also been a deliberate focus on strengthening the breadth and depth of connections between internal colleagues acr055 the Group. The pandemic has provided a more conducive context for this with the widespread move to online meetings and a rea55ertion of the value in sharing experiences and approaches across networks. Durin8 the year, in addition to the regular meetings of the Group's Education Committee and Research and Enterprise Committee, Group's metto look at CaTeer5 SUPPOrt, HR issues, Registry and marketing. This work has raised the profile of Cathedrals Group artivities internally and demonstrated the value of membership to a much wider pool of staff. Policy 2020121 has been an important year for the Cathedrals Group to progre5S Its work in joint policy- making. The government and the sector reBulator, the Office for Students have proposed several changes over the year that present risks and significant implicalions for Cathedrals Group members. The Group has worked to inform and influence policy makers on several fronts in view of these proposals. Arguably the most significant proposals impacting the Group are in the area of initial teacher training IlThl. In January 2021 the government launched a review of the I market, wlth a report nd recommendations released in July. Teacher training is a cornerstone of memberfs history and current course portfolios and the proposals, which would see re-acueditation for all providers, increased costs, and a more prescribed curriculum, cèrry multiple risks. Throughout the year the Group worked closely wlth other likeminded organisations in the sector, holding joint meetings to discuss views. Member universities worked with the church to lobby Ministers, and senior opposition politicians. This work helped to secure early meetings with the review group. Our Education Committee played a leading role in the review process and has worked closely with the Department for Education to raise member's collertive concerns. At the time of writing, the Group ha5 submitted a detailed letter of response to the governmenvs consultation on the VIeW and awaits further detail. Linked to this work, the Group also considered the opportunity to bid to be part of the new Institute of Teaching the government plans to establish. Education Directors and Vice Chancellor5, alongside church representatives, worked together to consider tactics and options, ultimately determining not to pursue the opportunity. The government's wider agenda has, amongst other iSSLses, seen criticism of what have been presented as'low quality courses,, an emphasis on earnings as a measure of degree success. and a desire to chanEe how student admissions operate. The regijlator is developing a more directive role in monitoring these and other issues. The Group has been keen to emphasise the risk in these measures, aligned to the values members share. Members have worked togetherto submit consultation responses on.. Quality and Standards Monetary penalties. Post Qualification Admissions. Council of Church Universities and Colleges {operating as The Calhedrals Group)
Executive Committee report Year to 31 July 2021 Governance, Structure and management Icontinuedl Policy The Group has also taken a proactive approach to considering other emer@ing themes in the settor. For example, at its summer Council meeting member5 held a dedicated se55ion on the emerging skills agenda. A presentation from the Chief Executive of UVAC framed a detailed discussion about the changing nature of funding, policy, and partnership work in relation to skills and the Group has agreed to maintain a collective watching brief and work together on issue5 of joint rnterest. Cathedrals Group meetings have also provided a helpful forum to share intelligence and insights between members in relation to the pandemic and its Implications for staff and students. Projerts The pandemic has meant that the Cathedrals Group has changed its prioritlsatlon of different projerts during 2020121. Historically. the Group held two key face-to-face events within the year the annual Choirs Festival and an annual lecture (previously called the Dearing Lecture). Given the additional demands placed on members by the pandemic, it was decided not to hold a Dearing lecture during 2021. Member5 did however determine to develop an alternative to the Choirs Festival. Rather than meeting in person, members were invited to submit vldeos of their Choirs performing and these have been combined in a dedicated webpage on the Cathedrals GTOUP website. Seven Cathedrals Group institution5 have been able to participate. Signrficant time was also allocated to overseeing and completing the Graduate Careers Fund projert initiated during the previous year. Using £20.000 allocated by the Cathedrals Group from its core budget, Careers Team5 from across the members worked together to develop a fund, bldding process and assessment triteria to allocate funding to 2020 graduates who were experiencing drfficulties relatingto the pandemic. After receiving more than 430 application5 and conductin8 a thorough assessment process, 33 graduates were awarded with between £250 and £750 each to support their future succèss. Whilst Vlce Chancellors determined that this should be a one-off project rather than an ongoing commitment, it wa5 widely agreed that the project represented a very positive and practical response to the pandemic that reflerted the wlder objertives and values of the Group. Finally, throughout the year members have continued to pursue a number of jolnt researth projects together, forem05t amongst which 15 the Communiversity project, funded by the Church Univer51ties Fund following a Successful joint bid. The Communiversity Project explores the added value that students experience from doing comrnunity-based projects with a social justi dimension at Cathedrals Group universilies. A report on the research findings is expected early in 2022. Council of Church Universities and Colleges (operaling as The Cathedrals Group)
Executive Committee report Yearto 31 July 2021 Governance, stru¢ture and management Icontinuedl Taken together, this body of work highlights that although the pandemic has presented significant challenges during 2020121, the Cathedrals Group has been able to utilise the talents and resilience of its members to continue doing important joint work. This work has dlrectly impacted students, supported staff and leaders, enhanced the Group's credentials. arbd contributed to key policy debates in the sector. It lays the foundations to emerge strongly from an irregular and highly challenging year. Financial review Total incorne amounted to £67,08512020- £67,133), which included income from membership subscriptions totalling £67,08312020- £67,083). Total expenditure amounted to £88,33212020- £96,867). The net movement in funds was a deficit of £21,24712020 - deficit of £29,7341. The total net asset5 at the year end were £88,39112020- £109,638). Reserves policy Sufficient free reseryes are maintained to enable the Council to meet any unexpected demands for its Seice5 and to finance projects undertaken at short notice, broadly defined as equivalent to an average year's expenditure. Should its reserves be insufficient, additional resources would be provided by the universities and colleges that are members of the Council. At the balance sheet date, the free reserves were £88,39112020- £109,6381 and so in excess of this policy. It 15 anticipated that the surplus will be used to fund future projects. Future plans The CG plan to continue the advancement of public education in Church universities and colleges in 2022. Signed on behalf of the Executive Committee on I q I, | ij The Reverend Canon Professor Peter Neil Chair Council of Church Universities and Colleges loperaling as The Cathedrals Group)
Independent audltor's report 31 July 2021 Independent auditor's report to the Executive Committee of Councll of Churth Universities and Colleges {operatlnE as The Cathedrals Group) We have audited the accounts of Council of Church Universities and College5 Ithe "charit) for the year ended 31 July 2021, which tomprise the statement of financial activities, the balan sheet, the principal accounting policies and the related notes. The financial reporting framework that has been applied in thelr preparation is applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Pratticel, including FRS 102, the Financial Reporting Standard applicable in the United Kingdom and RepLtblic of Ireland. In our opinion the accounts.. • give a true and fair view of the state of the charit5 affairs as at 31 ju 2021 and of its income and expenditure for the year then ended,. • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prartice- and have been prepared in accordante with the requirements of the Charities Act 2011. Basis for opinion We conducted our audlt In accordance with International Standards on Auditing IUKI IISAS IUKII and applScable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirernents that are relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requ1mentS. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basls for our opinion. Conclusion5 relating to going con¢ern In auditing the accounts. we have concluded that the trustees, use of the going concem basi5 of accounting in the preparation of the accounts is appropriate. Based on the workwe have performed, we have not identified any material uncertainties relatlng to events or conditions that, individually or collectively, may cast slgnificant doubt on the charity's abllity to continue as a going concern for a period of at least twelve months from when the accounts are ahOrISed for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Council of Church Universities and Colleges (operating as The Cathedrals Group)
Independent audltorfs report 31 July 2021 Other infomiation The Executive Committee is responsible for the other information. The other information tomprises the information included in the annual report other than the accounts and our auditorfs report thereon. Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the accounts, our responsibility Is to read the other information and, in doin@ so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materiallv misstated. If we identify such material inconsistencies or apparent material misstaternents, we are required to determlne whetherthere is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinlon.. • the information given in the Executive Committee's annual report is inconsistent in any material respect with the accounts- or sufficient accounting records have not been kept,. or • the accounts are not in agreement with the accounting records and returns- or • we have not reiVed all the information and explanations we require for our audit. Responsibilities of the Executlve Committee As explained more fully in the Stalement of responsibilities of the Executive Committee, the Executive Committee is responsible for the preparation of the accounts and for being satisfied that they give a trlse and fair view, and for such internal control as the Executive Committee determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error. In preparing the accounts, the Executive Committee is responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Executive Committee either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do $0. Council of Church Universities and Colleges (operating as The Cathedrals Group) 10
Independent auditorfs report 31 July 2021 Auditorfs responsibilities for the audlt ot the accounts Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material mi55tatement, whether due to fraud or error, and to issue an auditols report that Sncludes our opinion. Reasonable assurance is a high level of assurance, but 15 not a guarantee that an audit conducted in accordance with ISAS IUKI will alway5 detect a material misstatement when it exists. Mi55tatements can arise from fraud or error and are considered materlal if, individually or in the aggregate. they could asonablY be expected to influence the economic decisions of users taken on the basis of these accounts. Irregularities, including fraud, are instances of non-eompliance with laws and re8ulation5. We design procedure5 in line with our responsibilities, outlined above, to detect material misstatements In respect of irregularities, including fraud. The extent to which our procedures are capable of detecting Irregularities. including fraud is detailed below.. Our approach to identifying and assessing the risks of material misstatement in respett of irregularStles, including fraud and non-compliance with laws and regulations, was as follows.. •the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and ski115 to identify or recognise non-compliance with applicable laws and regulations,. and •we obtaineil an understanding of the legal and regulatory frameworks that are applicable to the charity and determined that the most significant frameworks which are direttly relevant to specific assertions in the financial statements are those that relate to the reporting framework (Statement of Recommended Practi. Accounting and Reporting by Charities preparing their account5 in accordance with the Financial Reportlng Standard applicable in the Unlted Klngdom and Republic of Ireland IFRS 1021 and the Charttie5 Act 20111. We assessed the susceptibility of the charlty's financial statements to material misstaternent, intluding obtaining an understanding of how fraud might occur, by.. •makinB enquiries of management as to their knowledge of actual, suspected and alleged fraud; and •considering the internal controls In place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. 'performed analytical procedures to identify any unusual or unexpected relationships,. and •a5sessed whetherjudgements and a55umptions made In determining the accountlng estimate for the investment property valuation were indicative of potential blas. Council of Church Unlversities and Colleges (operating as The Cathedrals Group) 11
Independent auditor's report 31 July 2021 Audltorfs responsibilities for the audlt of the accounts Icontinuedl In response to the risk of irregularitles and non.compliante with laws and regulations, we designed procedures which included, but were not Ilmited to: •review of the minutes of meetings of those charged with governance,. and •enqLsiring of management as to actual and potential litigation and claims. As a result of our procedures we did not identify any key audit matters relating to irreEularities. There are inherent limitations in our audit proceilures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit produreS required to identify non-cornpliance with laws and regulationsto enquiry of thetrustees and other management and the inspection of regulatory and legal correspondence, rf any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our SponSibl11t1eS forthe audr( of the financial statements is located on the Financial Reporting Council'5 website at www.frc.orB.uk/auditorsresponsibilitie5. This description forms part of our audltorfs report. Use of our report This report Ss made solely to the charity's Executive Committee, as a body, in accordance with section 145 of the Charities Act 2011 and with regulation5 made under section 154 of that Act. Our audit work has been undertaken so that we might State to the charity's Executive Committee those matters we are required to State to them in an auditor's report and for no other purpose. Tothe fullest extent permitted by law, we do not accept or assume responsibilityto anyone other than the charity and the charity's Executive Committee as a bodyi for our audit worl for this report, or for the opinions we have formed. tèacfyu Buzzacott LLP Statutory Auditor 130 Wood Street London EC2V 6DL Date.. 9 December 2021 Buzzacott LLP is eligible to act as an auditor in terms of 5ettion 1212 of the Companies Act 2006 Council of Church Universities and Colleges (operating as The Calhedrals Group) 12
ststement of financial activities Year lo 31 July 2021 Unrestricted funds 2021 2020 Notes Inwmefrom Charitable activities Advancement of public educatSon in Church universities and colleges Investments 67,083 67,083 50 Total income 6?,085 67,133 Expenditure on Charitable 3rtivlties Advancement of public education in Church universitles and colleges Total expenditure 88,332 88.332 95,867 96.867 Not empendituie and net movement in fvnds 1212471 129.7341 Reconciliation of fund5 Balances brought fonvard at l August Balances carrled forward at 31Julv 109.638 8B.391 139.372 109.638 There 15 no dlfference between the net movement in funds stated above, and the historical cost equivalent. All of the charity's artlvlties derived from continuing operations during the above two financial periods. Counc51 of Church Universities and Colleges {operating as The Cathedrals Group) 13
Balance sheet 31 July 2021 2021 2020 Notes Current assets Debtors Cash at bank and in hand 1,533 93,116 94,649 11.765 179,81L 191,576 Creditors.. amount5 falling due within one vear Net current ossets Itotal net a55et$ 16,2581 88.391 IBI,9381 109.638 The funds of the Charity.. Unrestrirted incomefund5 General fund Totsl funds 88.391 88391 109,638 109,638 Approved by the Executive Committee and signed on its behalf bv.. The Reverend Canon Professor Peter Neil Chair Approved on: Council of Church Universities and Colleges (operating as The Cathedrals Group) 14
Princlpal accountlng policies 31 July 2021 The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are laid out below. Basis of preparotion These accounts have been prepared for the year to 31 July 2021. The accounts have been prepared under the historical cost convention with item5 recogntsed at cost or tran5artion value unle55 Otherwise stated in the relevant accounting policies below or the notes to these accounts. The accounts have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charitie5 preparing their accounts in accordance with the Financlal Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 (Charitie5 SORP FRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. The accounts are presented In sterling and are rounded to the nearest pound. Assessment of going concern The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The trustees have made thi5 assessment in respect to a period of one year from the date of approval of these accounts. Trustees acknowledge and recognise the potential impact of the COVID-19 pandemic on the future operations of the charlty, its beneficiaries, partners and stakeholders and on wider society. The trustee5 of the ch?rity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue a5 a going concern. The trustee5 are of the oplnion that the charity will have sufficient resources to meet its liabililies as they fall due. Income recognition Income is recognised In the period in which the charity has entitlement to the income, the amount of income can be measured reliably, and it is probable that the income will be received. Income comprises donations, membership subscriptions and bank interest. Council of Church Universities and Colleges (0rating as The Cathedrals Group) 15
Principal accounting poli¢les 31 July 2021 Income recognitlon Icontinuedl Donations are recognised when the charity has confirmation of both the amount and settlement date. In the event of donations pledged but not received, the amount is accrued for where the receipt is considered probable. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilrnent of those conditlons is wholly within the control of the d)arity and it is probable that those conditions will be fulfilled in the reporting peri¢xl. Membership subscriptions are calculated on an instltutional basi5, and by refence to student numbers, plus a flat rate, and are accounted for in the period to which they relate. Subscription rates are set annuallv. Expenditure recognition Liabilities are recognised as expenditure as 500n as there is a legal or constructive obligation committing the chèrity to make a payment to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure on the advancement of public education in Church universitie5 and colleges includes such expenditure as= • Accommodation, staff 5UPPOrt and office expenses • Conferences and meetings • Consultancy + Support costs including governance costs All expenditure is accounted for on an accrua15 basis and is recognised when there 15 a legal and constructlve obligation to make a payment and includes any attributable VAT which cannot be recovered. Cash flow statement The accounts do not include a cash flow Statement because the charity, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Charities SORP IFRS 1021 Update Bulletin l. Debtors Debtors are recognlsed at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. Council of Church Universities and Colleges (operating as The Cathedrals Group) 16
Principal accounting policies 31 July 2021 Cash at bank and in hand Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of le5S than three months from the date of acquisition. Creditors and provisions Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in Settlement, and the amount of the settlement can be estimated rellably. CredStors and provisions are recognised at the amount the charity anticipates r( will pay to settle the debt. Funds structure Unrestricted funds comprise those funds which the Executive Committee are free to use in accordance with the charitable objects of the Council. Council of Church Universities and Colleges (operating as The Cathedrals Group) 17
Notes to the accounts 31 July 2021 1 Charitable activities 2021 2020 AdvancemeDt of publlc educatlon in Church unl¥ers5tSes and Colleges Mernbership subscription5 67,083 67,083 67,083 67,083 2 Cost of charitable activities 2021 2020 Advancement of publir education in Church universities and colleges Accomrnodation, staff 5UPPOrt and offlce eKpen5es Conferences and meetings Funding of research project5 CG Class of 2020 Careers fvnd Webslte & Brand Development Policy & Communications Other costs Auditorfs remuneration 53,134 2,968 3,620 19.390 4,37Z 197 56,140 12,824 7,942 15,252 1,874 20 4.661 88.332 2,815 96,867 3 T3xation Council of Church Universities and Colleges (operating as The Cathedra15 Group) is a registered charity and therefore is not liable to taxation on income or gains derfved from its charitable actlvities, as it falls within the various exemptions available to registered charsties. 4 Executive Committee remuneration, expenses and transactions with Member5 The members of the Executive Committee consider that they comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. No member of the Executive Committee, or any persons connerted with them, received anv remuneration from the Council during the year12020 - £nill.No expenses were reimbursed to any members of the Executive Commlttee during the year 12020 £nill. All travel and subsistence expenses associated with the business of the Executive Committee are met by the members, institutions. Most of the members of the Executive Committee are employed by universities and colleges who are Members of the charity. Membership fees to these organisations are charged on an arm's length basis. Some of these organi5ations also provide administrative and other services to the charity. During the year to 31 July 2021, £51,146 wa5 incurred for salary and administration costs. which was incurred by York St John University and Bishop Grosseteste Univer51ty incurring £46,146 and £5,000 respectively12020- £54,3631. Council of Church Universities and Colleges (operating as The Cathedrals Group) 18
Notes to the accounts 31 July 2021 5 Debtors 2021 2020 Other debtors and prepayments 1,533 1.533 11,765 11,765 6 Creditors.. amounts falling due within orie year 2021 2020 Accruals 6.258 6,258 81,938 81.938 7 Related party transactions Other than the transactions disclosed in note 4, there are no further related party transactions to disclose. Council of Church Universities and Colleges (operating as The Cathedrals Gioup) 19