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|Trustees/Directors:|Trustees/Directors:|Peter G Aspbury|
|---|---|---|
|||Jason Bacon|
|||Emily C Bartels|
|||Jeffrey WCason|
|||Eamon Delgiacco|
|||Pamela<br>D Johnston|
|||Erika H Lederman|
|||Jayne<br>LW Maxwell|
|||Chris Metzler|
|||David Provost|
|Company|Secretary:|Jayne<br>LW Maxwell|
|Principal:||Guy Perry|
|Registered|Office:|Middlebury<br>College - CMRS|
|||St Michael's<br>Hall|
|||Shoe Lane|
|||Oxford|
|||OX12DP|
|Company|Number:|04133294|
|Charity Number:||1086407|
|Bankers:||Handelsbanken|
|||Oxford|
|Examiner:||Wenn Townsend|
|||30St Giles'|
|||Oxford|





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|||Middlebury|College UK Trust Limited|||
|---|---|---|---|---|---|
||||Balance Sheet|||
||||30th June 2021|||
||||Note|2021|2020|
|||||E||
|Fixed Assets||||||
|Tangible assets||||518,514|541,599|
|Current Assets||||||
|Debtors|||9|5,404|8,997|
|Cash at bank and|in|hand|10|272,131|227,799|
|Current Assets||||277,535|236,796|
|Creditors: Amounts||falling due within one year||(123,535)|(144,529)|
|Net Current Assets||||154,000|92,267|
|Net Assets||||672,514|633,866|
|Financed<br>by:||||||
|Share capital|||12|100|100|
|Funds —restricted|||13|||
|Funds —unrestricted|||13|672,414|633,766|
|Total Charity Funds|||13|672,514|633,866|



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|||||Note|2021|2020f|
|---|---|---|---|---|---|---|
|Cash flow from operating|activities|||14|47,058|126,943|
|Cash flows from investing|activities||||||
|Interest income|||||13|321|
|Purchase oftangible<br>fixed assets|||||(2,739)|(70,727)|
|Cash used<br>in investing<br>activities|||||(2,726)|(70,406)|
|Increase<br>in cash and cash|equivalents||in the|year|44,332|56,537|
|Cash and cash equivalents|at the|beginning||ofthe year|227,799|171,262|
|Total cash and cash equivalents||at|the end ofthe year||272,131|227,799|





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||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||||2021|2020|
|||||E|
|Donations|5,875|5,750|11,625|27,656|





||||for the year e|nded 30th J|une 2021||||
|---|---|---|---|---|---|---|---|---|
|4|Expenditure||||||||
||||Basis of|Staff|Other|Support|Total|Total|
||||Allocation|Costs|Costs|Costs|2021|2020|
||||||f|||E|
||Charitable<br>expenditure||||||||
||Academic costs:||||||||
||Wages and benefits||Time|152,045||591|152,636|154,799|
||Tuition and exam fees||Direct||1,310||1,310|102,256|
||Bodleian<br>Library||Direct|||||32,885|
||Keble Fellowship||Direct||37,596||37,596|36,606|
||Field trips & meeting|refreshments|Direct||16||16|17,762|
||Dues and membership||Direct||11,936||11,936|8,611|
||Library||Direct||234||234|4,113|
||Support costs (note 5)||Usage|40,256||21,368|61,624|76,345|
|||||192,301|51,092|21,959|265,352|433,377|
||Accommodation<br>costs:||||||||
||Association fees||Direct|||||72,191|
||Repairs and maintenance||Direct||24,005||24,005|32,827|
||Rent and rates||Direct||44,597||44,597|53,379|
||Project cost||Direct|||||1,668|
||Cleaning<br>and laundry||Direct||(21)||(21)|2,321|
||Accommodation<br>utilities||Direct||18,266||18,266|22,119|
||Insurance||Direct||6,462||6,462|6,992|
||Contribution<br>paid to CMRS||Direct||22,088||22,088|24,000|
||Junior Deans' wages|and benefits|Direct|29,116|||29,116|29,731|
||Support costs (note 5)||Usage|23,482||12,465|35,947|44,534|
|||||52,598|115,397|12,465|180,460|289,762|
||Governance costs||||||||
||||Basis of|Staff|Other|Support|Total|Total|
||||Allocation|Costsf|Costs|Costsf|2021<br>E|2020|
||Legal and professional||Direct||10,717||10,717|11,428|
||Examiner's<br>fees||||||||
||examination<br>work||Direct||4,350||4,350|4,145|
||other work||Direct||8,487||8,487|6,921|
||Wages and benefits||Time|2,653|||2,653|2,609|
||Support costs (note 5)||Usage|3,355||1,780|5,135|6,362|
|||||6,008|23,554|1,780|31,342|31,465|
||Total charitable<br>expenditure|||250,907|190,043|36,204|477,154|752,936|





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|Allocation ofs|upport costs||||||
|---|---|---|---|---|---|---|
|||60%|35%|5%|||
|||Charitable|Charitable|Governance|Total|Total|
|||Programme|Accommodation<br>E|Costs<br>E|2021f|2020|
|Administrator's|salary 8 benefits|40,256|23,482|3,355|67,093|74,331|
|Computer||3,390|1,978|282|5,650|12,162|
|Travelling||(155)|(91)|(13)|(259)|2,830|
|Office supplies||1,119|653|93|1,865|5,368|
|Other contracted|services|1,411|824|118|2,353|7,319|
|Sundry||||||155|
|Depreciation||15,495|9,038|1,291|25,824|24,849|
|Bank charges||108|63|9|180|227|
|||61,624|35,947|5,135|102,706|127,241|



## 

|Staff costs and numbers|||
|---|---|---|
||2021|2020|
||K||
|Wages and salaries|226,299|237,841|
|Social security costs|18,042|18,150|
|Pension costs|6,566|5,479|
||250,907|261,470|



|During|the year,<br>the average|the year,<br>the average|number|of employees|and|the|number|of full-time|equivalent|(FTE) staff,|
|---|---|---|---|---|---|---|---|---|---|---|
|analysed||by function was:|||||||||
||||||||2021||2020||
|||||||FTE||Number|FTE|Number|
|Education||and accommodation|||||7|9|7|10|



## 



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|Tangible fixed assets|||||
|---|---|---|---|---|
|||Leasehold|Fixtures,|Total|
||Rare Books|Improvements|Fittings||
||f|8 Equipment<br>E|||
|Cost|||||
|At 1st July 2020|200,000|341,639|48,664|590,303|
|Additions||2,739||2,739|
|At 30th June 2021|200,000|344,378|48,664|593,042|
|Depreciation|||||
|At 1st July 2020||30,846|17,858|48,704|
|Charge for the year||18,872|6,952|25,824|
|At 30th June 2021||49,718|24,810|74,528|
|Net book values|||||
|At 30th June 2021|200,000|294,660|23,854|518,514|
|At 30th June 2020|200,000|310,793|30,806|541,599|



## 

|Debtors||||
|---|---|---|---|
|||2021|2020|
|Prepayments|and accrued income|251|2,391|
|Other debtors||5,153|6,606|
|||5,404|8,997|



|2021<br>E|2020f|
|---|---|
|272, 131|227,799|





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|||2021f|2020<br>f|
|---|---|---|---|
|Deferred|income|90,000|125,000|
|Accrued|expenses|29,883|13,797|
|Taxation|and social security|3,652|5,732|
|||123,535|144,529|



## 

|||2021f|2020<br>F|
|---|---|---|---|
|Authorised:||||
|100Ordinary|shares ofE1 each|100|100|
|Allotted,<br>called up and fully paid:||||
|100Ordinary|shares ofE1 each|100|100|



## 

|Statement|offunds|||||
|---|---|---|---|---|---|
|||At 30th|||At 30th|
|||June 2020|Income|Expenditure|June 2021|
|||||E||
|Unrestricted|funds|633,866|507,009|(468,361)|672,514|
|Restricted funds:||||||
|Scholarship|fund||5,750|(5,750)||
|Total restricted<br>funds|||5,750|(5,750)|672,514|
|Total funds||633,866|512,759|(474,111)|672,514|
|||At 30th|||At 30th|
|||June 2019|Income|Expenditure|June 2020|
|Unrestricted|funds|447,405|942,841|(756,380)|633,866|
|Restricted funds:||||||
|Scholarship|fund||21,906|(21,906)||
|Total restricted<br>funds|||21,906|(21,906)||
|Total funds||447,405|964,747|(778,286)|633,866|





## 

## 

|Reconciliation<br>of n|et moveme|nt<br>in funds to net cash flow fr|om operating<br>activities||
|---|---|---|---|---|
||||2021f|2020<br>E|
|Net movement<br>in funds|||38,648|186,461|
|Depreciation<br>charge|||25,824|24,849|
|Interest income|||(13)|(321)|
|(Increase)/decrease|in debtors||3,593|(7,781)|
|(Decrease)<br>in creditors|||(20,994)|(76,265)|
|Net cash flow from|operating|activities|47,058|126,943|



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