##
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##
##
|RT1:Report ofthe Trustees||||||||
|---|---|---|---|---|---|---|---|
|Aims and Objectives. . .. ......||||||||
|Public Benefit..||||||||
|Equality,
Diversity and inclusion|..||||||.,6|
|Freedom ofSpeech.|||||||,.6|
|College Funding.||||||||
|Achievements
and Performance.|.|||||||
|Financial
Review .|||||||14|
|Principal
Risks and Uncertainties.|||||||21|
|Plans for the Future|||||||......21|
|Statement ofcorporate governance|||.||||23|
|Statement ofinternal
controls.|||||||„24|
|Responsibilities
ofthe Governing||Body..|||||2S|
|Independent
Auditors'
Report to the Governing|||||BodyofSt Catharine's|College, Cambridge. „„|.„**.**.„26|
|RT2:Financial Statements||||||||
|Statement of Principal Accounting|||Policies..||||30|
|Consolidated
Statement ofComprehensive||||Income and Expenditure.|||38|
|Consolidated
Statement ofChanges|||in Reserves.||||.39|
|Consolidated
and College Balance||Sheets..|||||..40|
|Consolidated
Cash Flow Statement.|||||||..41|
|Notes to the Accounts|||||||..42|
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|B de ree|||~Bender||~Bori in|||
|---|---|---|---|---|---|---|---|
|PRD||190|Female|177|Home||152|
|Masters||135|Male|188|International||220|
|Clinical Vets/Medics||43|Other|||||
|Certificate||0 4|Total postgraduate
student||body: 372|||
|Postgraduate|Studies||This headcount|includes|students
writing|up|or in the|
||||process ofsubmitting
their||thesis|||
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|Reserves||||30June|||||Purpose|Purpose||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||2023||||||||||
|||||Emillion||||||||||
|Restricted|reserves:|||||||||||||
|Income and||expenditure|reserve:|73.6|Donors|have||specified
that|||the|funds|be|
|endowment||reserve|||permanently||invested|||to generate|an income. Most|||
||||||ofthese|endowments||||have a specific direction as|||to|
||||||use|||||||||
|Income and||expenditure|reserve:|11.6|Donors|have||specified||that the|donation|must|be|
|restricted|reserve||||used for|a particular|||objective|||||
|||||85.2||||||||||
|Unrestricted||reserves:||||||||||||
||||30June 2023|30June 2022|
|---|---|---|---|---|
||||Emillion|Emillion|
|Total reserves|||174.8|171.2|
|Less: restricted|reserves||(85.2)|(98.8)|
|Less: fixed and|heritage assets||(79.5)|(72.8)|
|Add back: fixed|assets funded|by restricted donations||15.3|
|Free reserves|||11.2|14.9|
|5TCATHARINE'5|5TCATHARINE'5|COLLEGE,|CAMBRIDGE||||FOR THE YEAR ENDED 30JUNE 2023|FOR THE YEAR ENDED 30JUNE 2023|
|---|---|---|---|---|---|---|---|---|
|Report ofthe|Trustees||||||||
|Reserve|||Target|||Rationale|||
||||Emillion||||||
|Income contingency|||4.0|Contingency|to cover extreme/unexpected
shortfall|||in
most|
|||||'vulnerable'|income|streams|equivalent
to 18 months'|external|
|||||conference|income|(average|of last three pre-pandemic|years)|
|||||and 12months'
unrestricted|||donations
income||
|Capital expenditure|||2.0|Two years|of capital|expenditure
excluding
major projects that|||
|||||are separately
funded through|||fundraising
or loans. This|provides|
|||||cover for the additional
investment
required
to implement
a|||||
|||||planned
preventative||maintenance
programme|||
|Expenditure|contingency||2.5|Contingency|to|cover|additional
extreme/unexpected||
|||||expenditure|such as|a major|estate repair or increase
in|the cost|
|||||of utilities|||||
|TOTAL|||8.5||||||
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##
|||||||2023|2023|2022|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||Consolidated|Colic e|Consolidated|Coils e|
||||||Note|EOOOs|5000s|f000s|EOOOs|
|Non-current
Assets||||||||||
|Fixed assets||||||76,263|76,369|69,592|69,641|
|Herita
eassets||||||3,285|3,285|3,209|3,209|
|Investments||||||128,412|128,412|132,095|132,095|
|Total non-current
assets||||||207,960|208,066|204,896|204,945|
|Current assets||||||||||
|Stocks|||||10|581|154|210|172|
|Trade and other receivables||||||2,926|2,961|1,905|2,080|
|Cash and cash e uivalents|||||12|319|189|1,156|949|
|Total current assets||||||3,826|3,304|3,271|3,201|
|Creditors:
amounts
one year||falling|due|within|13|(3,430)|(2,901)|(2,770)|(2,692)|
|Net current assets||||||396|403|501|509|
|Total Assets less current liabilities||||||208,356|208,469|205,397|205,454|
|Creditors: amounts
more than one year|falling||due after||14|(31,000)|(31,000)|(31,000)|(31,000)|
|Provisions||||||||||
|Pension provisions|||||15|2,510|2,510|3,191|3,191|
|Total net assets||||||174,846|174,959|171,206|171,263|
|Restricted reserves||||||||||
|Income and expenditure
endowment
reserve||reserve—|||16|73,593|73,593|72,970|72,970|
|Income and expenditure
restricted reserve||reserve—|||17|11,603|11,603|25,845|25,845|
|||||||85,196|85,196|98,815|98,815|
|Unrestricted
Reserves||||||||||
|Income and expenditure
unrestricted||reserve—||||89,650|89,763|72,391|72,448|
|Total Reserves||||||174,846|174,959|171,206|171,263|
##
|onsolidated
Cash Flow S|tatement||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Note|8000s|8000s|
|Net cash Inflow from operating
activities||||19|(789)|3,489|
|Cash flows from investing|activities|||20|1,063|(1,669)|
|Cash flows from financing|activities|||21|(1,111)|(1,110)|
|Increase/(Decrease)
in cash and cash||equivalents|in the year||(837)|710|
|Cash and cash equivalents|at beginning|ofthe year|||1,156|446|
|Cash and cash equivalents|at end ofthe|year||12|319|1,156|
##
|TCA
otes|THARINE'5
COLLEGE, CAMBRI
to the Accounts|THARINE'5
COLLEGE, CAMBRI
to the Accounts|D|GE|||||||FOR THE YEAR ENDED|30JUNE 20|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Academic fees and char es||||||||||2023|2022|
||||||||||||5000s|5000s|
||Colts es fees:||||||||||||
||Fee income received at|the Re|ulated||Under||raduate||rate||1,955|2,053|
||Fee income received at|the Unre||ulated||Under|raduate|||rate|606|555|
||Fee income received at|the Graduate|||rate||||||936|931|
||Sub-total||||||||||3,497|3,539|
||Other income||||||||||291|300|
||Total||||||||||3,788|3,839|
||Income from accommodation,|||caterin||and|conferences||||2023|2022|
||||||||||||EOOOs|5000s|
||Accommodation:||||||||||||
||Coils e members||||||||||2,911|2,771|
||Conferences||||||||||578|141|
||Sub-total||||||||||3,489|2,912|
||Caterin:||||||||||||
||Colts e members||||||||||1,095|830|
||Conferences||||||||||468|142|
||Sub-total||||||||||1,563|972|
||Total||||||||||5,052|3,884|
||Endowment
return and investment||||income||||||2023|2022|
||||||||||||8000s|5000s|
|3a|Anal sis ofInvestment|Income|||||||||||
||Total return
contribution|see note 3c|||||||||3,675|3,649|
||Other Investment
Income||||||||||462|473|
||Net income transfened|to income and|||ex|enditure||reserve|||||
||Total||||||||||4,357|4,122|
|3b|Anal sis ofInvestment|Gains|||||||||2023|2022|
||||||||||||EOOOs|5000s|
||Gains/ losses
on endowment||assets:||||||||||
||Land and buildin
s||||||||||132|720|
||Quoted and other securities and|||cash|||||||720|4,263|
||||||||||||852|3,543|
||Gains/ Losses
on other assets:||||||||||||
||Quoted and other securities and|||cash|||||||329|840|
||Total||||||||||1,181|4,383|
##
|TCA
otes|THARINE'5
COLLEGE, CA
tothe Accounts|THARINE'5
COLLEGE, CA
tothe Accounts|THARINE'5
COLLEGE, CA
tothe Accounts|THARINE'5
COLLEGE, CA
tothe Accounts|MBRI|DGE|||||||FO|R THE|YEAR E|NDED|30JUNE 202|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|3c|Summa
ofTotal Return||||||||||||||2023||2022|
||||||||||||||||EOOOs||EOOOs|
||Income from:|||||||||||||||||
||Land and buildin|s||||||||||||||284|271|
||Quoted securities||||||||||||||2,796||2,573|
||Unit Trusts|||||||||||||||365|314|
||Income from short-term|||investments||||||||||||372|120|
||||||||||||||||3,817||3,038|
||Gains/ Losses on endowment|||||assets|see note 3b|||||||||852|3,543|
||Investment
mana|ament||costs||and loan interest||||see note||3d|||109||51|
||Total return for|ear|||||||||||||4,560||556|
||Total return
transferred||to||income and||ex enditure|||reserve||see|note 3a||3,875||3,649|
||Unapplied
total
Comprehensive|return
Income|||I (loss) for year
and Expenditure||||included
(see note||within
18)||Statement|of||685|(4,205)|
|3d|Investment
mana
ament||||costs and||loan interest||||||||2023||2022|
||||||||||||||||EOOOs||EOOOs|
||Land and buildin|s||||||||||||||102|31|
||Quoted securities|- e cities|||||||||||||||20|
||Endowment
Loan Interest|||||||||||||||||
|||||||||||||||||109|51|
||Other
I oan interest and|||costs||||||||||||594|594|
||Total|||||||||||||||703|645|
||Education ex|nditure|||||||||||||2023||2022|
||||||||||||||||EOOOs||KOOOs|
||Teachin||||||||||||||2,766||2,666|
||Tutorial||||||||||||||1,622||1,210|
||Admissions||||||||||||||2,040||1,562|
||Research|||||||||||||||929|825|
||Scholarshi
s and|awards||||||||||||||361|676|
||Other educational|facilities||||||||||||||407|408|
||Total||||||||||||||8,125||7,747|
##
|othe Accounts|othe Accounts||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Accommodation,||csterin||and|conferences sx||enditure||||2023|2022|
||||||||||||EOOOs|6000s|
|Accommodation:|||||||||||||
|Coils e members|||||||||||2,594|2,711|
|Conferences|||||||||||1,540|1,231|
|Sub-total|||||||||||4,134|3,942|
|Caterin:|||||||||||||
|Coils e members|||||||||||1,831|1,608|
|Conferences|||||||||||1,013|640|
|Sub-total|||||||||||2,844|2,248|
|Total|||||||||||8,978|6,190|
|Anal sis of|2022/2023 ex|||nditure b||activit|||||||
||||||||Staff costs
(note 7)||Other
operating
expenses||Depreciation|Total|
||||||||KOOOs||EOOOs||6000s|KOOOs|
|Education||||||||3,281|4,408||436|8,125|
|Accommodation,||caterin|and conferences|||||3,016|2,843||1,119|6,978|
|Other||||||||263||339||602|
|Statute G,ll||||||||||28||28|
|Totals||||||||8,560|7,618||1,555|15,733|
|Expenditure|includes fundraising||||costs|ofE423,497. This expenditure|||excludes the||costs ofalumni|relations.|
##
##
|Auditors'|remuneration|remuneration|2023||2022||
|---|---|---|---|---|---|---|
||||EOOOs||6000s||
|Other operatin||ex enses include|||||
|Audit fees|a|able to the Coils e's external auditors||33||26|
|Other fees|a|able to the Colts e's external auditors|||||
|Totals||||34||26|
##
|Fixed assets|Fixed assets|Fixed assets|||||||
|---|---|---|---|---|---|---|---|---|
|Consolidated|||College
buildings
and Site|College
houses
and
hostels|Plant,
fixtures
and
fittings|Assets
Under
Construction|2023 Total|2022 Total|
||||EOOOs|6000s|EOOOs|6000s|6000s|EOOOs|
|Cost or valuation|||||||||
|Atbe
innin|of|ear|50,294|16,394|379|19,766|86,833|74,336|
|Additions||||174|77|7,975|8,226|12,635|
|Transfers|||14,256|91|2,874|17,221|||
|Dis peals||||||||137|
|Atend of|ear||64,550|16,659|3,330|10,520|95,059|86,833|
|De reciation|||||||||
|At be
innin|of|ear|13,977|3,152|112||17,241|16,078|
|Char efor|the|ear|1,105|284|166||1,555|1,217|
|Eliminated|on dis peals|||||||54|
|At end of|ear||15,082|3,436|278||18,796|17,241|
|Net book value|||||||||
|Atendof|ear||49,468|13i223|3,052|10,520|76,263|69,592|
|Atbe
innin|of|ear|36,317|13,242|267|19,766|69,592|58,258|
|Calle e|||||||||
|Cost or valuation|||||||||
|At be
innin|of|ear|50,295|16,437|379|19,771|86,882|74,381|
|Additions||||174|77|8,032|8,283|12,638|
|Transfers|||14,256|91|2,874|17,221|||
|Dis peals||||||||137|
|Atendof|ear||64,551|16,702|3,330|10,582|95,165|86,882|
|Depreciation|||||||||
|At be
innin|of|ear|13,978|3,151|112||17,241|16,079|
|Char eforthe||ear|1,106|283|166||1,555|1,216|
|Eliminated|on disposals|||||||54|
|At end of|ear||15,084|3,434|278||18,796|17,241|
|Net book value|||||||||
|Atendof|ear||49,467|13,268|3,052|10,582|76,369|69,641|
|Atbe
innin|of|ear|36,317|13,286|267|19,771|69,641|58,302|
|The insured
value offreehold|||land and buildings as at 30June 2023|||was f182,880,994(2022:f168,616,915).|||
##
##
##
##
|otes|tothe Accounts||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|15|Pension
rovisions||||||||||||||
||Consolidated||8 Coge e|||||USS|CCFPS|CEFPS|Total|2023|Total 2022||
|||||||||f000s|6000s|6000s|6000s||KOOOs||
||Balance atb
innin||of|ear||||1,186|2,003|||3,191
4,741|||
||Movement
in
ear:||||||||||||||
||Current
service
assurance|cost|||including||life|85|118|||203
1,143|||
||Contributions|||||||277|241|||520||497|
||Other finance cost|||||||39|77|||116||81|
||Actuarial
(gain)
/|loss|||recognised||in||||||||
||Statement ofComprehensive|||||Income|and||(480)|||(480)
(2,277)|||
||Expenditure||||||||||||||
||Balance at end of|ear||||||1,033|1,477|||2,510
3,191|||
|16|Endowment
funds||||||||||||||
||Restricted net assets||relatin|||to endowments||are as follows:|||||||
||Consolidated
8 College||||||Restricted
permanent
endowments||Unrestricted
permanent
endowments|Total
2023|||Total
2022||
|||||||||EOOOs|f000s|EOOOs||EOOOs|||
||Balance at be innin|||of ear|||||||||||
||Ca
ital|||||||71,616|1,354||72,970||75,079||
||New donations
and|endowments||||||273|839||1,112||823||
||(Decrease)/Increase
of investments||in|market||value||459|||470||(2,932)||
||Transfer between
Funds|||||||1,237|278||959||||
||Balance at end of|ear||||||71,111|2,482||73,593||72,970||
||Anal sisb
pe of||ur||ose||||||||||
||Fellowshi
Funds|||||||25,459|||25,459||25,239||
||Prizes|||||||1,123|152||1,275||1,304||
||Travel Awards|||||||271|731||1,002||1,049||
||Home Bursaries|||||||6,149|||6,149||7,928||
||Graduate
Bursaries|||||||30,503|||30,503||30,304||
||Overseas Bursaries|||||||4,307|||4,307||4,280||
||Grants|||||||1,378|459||1,837||795||
||Other|||||||1,399|||1,399||1,343||
||General Endowment|||||||522|1,140||1,662||728||
||Grou
Total|||||||71,111|2,482||73,593||72,970||
||Anal sis b asset||||||||||||||
||Pro e|||||||3,483|122||3,605||4,792||
||Investments|||||||61,392|2,142||63,534||60,184||
||Cash|||||||6,236|218||6,454||7,994||
||Grou
Total|||||||71,111|2,482||73,593||72,970||
##
|TCA
otes|THARINE'5
COLLEGE, CA
to the Accounts|THARINE'5
COLLEGE, CA
to the Accounts|MBRID|GE||FO|R TH|E YEAR ENDE|D 30JUNE 2|
|---|---|---|---|---|---|---|---|---|---|
|17|Restricted Reserves|||||||||
||Reserves with restrictions||are as|follows:||||||
||||||Permanent|||||
||Consolidated $College|||Capital
grants|unspent
and other|Restricted
expendable||2023 Total|2022 Total|
|||||unspent|restricted|endowment||||
||||||income|||||
|||||EOOOs|EOOOs|EOOOs||EOOOs|EOOOs|
||Balance at be innin|of|ear|||||||
||Ca
ital|||16,986||3,086||20,072|17,420|
||Accumulated
income||||5,737||36|5,773|5,948|
||New
rants|||1,123||||1,123|3,329|
||New donations||||309|1,049||1,358|1,371|
||Endowment
return
transferred||||2,859||57|2,916|2,846|
||Other investment
income|||||||||
||Increase/(decrease)
value ofinvestments|in market|||37||16|53|(289)|
||Ex enditure||||3,123|592||3,715|3,535|
||Ca
ital
rants utilised|||16,929||||16,929||
||Transfer between
Funds||||42|991||952|1,245|
||Balanceatendof|ear||||||||
||Ca
ital|||1,183||4,614||5,797|20,072|
||Accumulated
income||||5,777||29|5,806|5,773|
||Analysis ofother restricted funds/donations|||||||||
||b
t
eof
ur ose|||||||||
||Fellowshi
Funds||||2,690||938|3,628|3,803|
||Prizes||||273|||279|273|
||Travel Awards||||229|||229|254|
||Home Bursaries|||||1,905||2,549|724|
||Graduate
Bursaries||||478|||478|475|
||Overseas Bursaries||||1,257|||1,257|1,243|
||Grants|||1,183|104|1,307||2,594|17,461|
||Other||||66||487|553|1,576|
||General Endowment||||36|||36|36|
||Grou
Total|||1,183|5,777|4,643||11,603|25,845|
##
|TCA
otes|THARINE'5
COLLEGE, CAMBRIDGE
tothe Accounts|THARINE'5
COLLEGE, CAMBRIDGE
tothe Accounts|||||||FOR THE YEAR ENDED 80|jUNE 202|
|---|---|---|---|---|---|---|---|---|---|---|
|18|Memorandum
ofUna
lied Total||Return||||||||
||Included
within reserves the followin||amounts|||represent||the Unap|lied Total Return ofthe Colic e:||
||||||||||2023|2022|
||||||||||EOOOs|KOOOs|
||Una
lied Total Return at be
innin||of||ear||||32,254|36,459|
||Una
lied Total Return/
Loss for|ear||see note 3c|||||685|4,205|
||Una
lied Total Return at end of|ear|||||||32,939|32,254|
|19|Reconciliation
ofconsolidated|surplus|||for the||ear to|net cash|inflow from operatin
activities||
||||||||||2023|2022|
||||||||||6000s|6000s|
||Surplus for the
ear||||||||3,159|1,087|
||Ad ustment
for non-cash
Items||||||||||
||Depreciation||||||||1,555|1,217|
||Investment
income||||||||||
||Loss/ Gain
on endowments,
donations|||and investment||||ro e|1,379|4,750|
||Increase
Decrease
in stocks||||||||371|32|
||Decrease/
Increase
in trade and|other||receivables|||||(1,021||
||Increase/
Decrease
in creditors||||||||658|430|
||Increase/
Decrease
in
rovisions||||||||||
||Pension costs less contributions|a|able||||||201|727|
||Ad ustment for investin
or financin||||activities||||||
||Investment
income||||||||4,300|3,511|
||Interest
a able|||||||||1,110|
||Loss/ Profit
on the sale of non-current|||assets||||||2,638|
||Net cash inflow from o eratin|activities|||||||789|3,489|
|20|Cash flows from investin
activities||||||||||
||||||||||2023|2022|
||||||||||6000s|EOOOs|
||Proceeds from sales ofnon-current||fixed||assets|||||2,721|
||Non-current
investment
dis osal||||||||17,608|10,434|
||Investment
income||||||||4,301|3,511|
||Endowment
funds invested||||||||12,546|5,670|
||Withdrawal
ofde osits||||||||||
||Pa ments made to ac uire non-current|||assets|||||8,300|12,665|
||Total cash flows from investin|activities|||||||1,063|1,669|
|21|Cash flows from financin
activities||||||||||
||||||||||2023|2022|
||||||||||6000s|EOOOs|
||Interest
aid|||||||||1,110|
||New secured loans||||||||||
||Total cash flows from financin|activities||||||||1,110|
##
|TCA
otes|THARINE'5
COLL
totheAccounts|EGE, CAM|BRI|DGE|||||||||FOR TH|E YEAR|ENDED|30jUNE 2023|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
22|
d
lld|t d|ill|ll||dhoti
l
td dt|||||||||||
||||||||||||At||30th|Cash||At 30th|
||||||||||||June 2022|||Flows|June 2023||
|||||||||||||6000s||6000s||8000s|
||Cash and|cash e uivalents|||||||||||1,156|837||319|
||Borrowin|s:|||||||||||||||
||Amounts|fallin
due|after more than one|||||ear|||||||||
||Unsecured|loans|||||||||||31,000|||31,000|
||Net total||||||||||||29,844|837||30,681|
|23|Financial
Instruments||||||||||||||||
|||||||||||||||2023||2022|
|||||||||||||||8000s||EOOOs|
||Financial assets||||||||||||||||
||Financial assets|at fair value|throu||h|Statement ofCom||||rehensiveincome|||||||
||Listed e ui
investments||||||||||||||||
||Other Investments
- includin|||multi-asset|||orffolios|||||||110,833||108,922|
||Financial assets|that are e uit||instruments|||measured||atcost less||im||airment||||
||Other e ui
investments||||||||||||||29|27|
||Financial assets|that are debt instruments|||||measured||at|amortised|cost||||||
||Cash and cash|e uivalents|||||||||||||11,580|15,628|
||Other equi
investments||||||||||||||||
||Loan notes||||||||||||||||
||Other debtors||||||||||||||764|708|
||Financial liabilities||||||||||||||||
||Financial liabilities at fair value|||lhrou||h Statement of|||Com rehensive|||income|||||
||Forward forei|n cunenc|contracts||||||||||||||
||Financial liabilities measured||at amortised||||cost||||||||||
||Bank overdraft||||||||||||||||
||Loans||||||||||||||31,000|31,000|
||Service concessions||||||||||||||||
||Finance leases||||||||||||||||
||Trade creditors||||||||||||||261|173|
||Other creditors||||||||||||||857|809|
##
|24|Ca ital|commitments|commitments||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||2023|2022|
||||||||||||||6000s|EOOOs|
||Ca
ital|commitments|at 30June||2023are as|||follows:|||||||
||Authorised
and contracted:||||||||||||||
||Buildin|works||||||||||||11,060|
||Collective investment||with Cambrid|||e Universi||tt|other|Cambrid|e|Calle es|80|84|
||Collective investment||schemes|throu||h investment|||mana|ers|||217|247|
||||||||||||||1,408|11,391|
||Authorised
but not||etcontracted||for|||||||||1,398|
||Commitments
under||finance leases|||entered|into but not|||yet provided||for in the|||
||financial|statements|||||||||||||
|25|Lease obli ations||||||||||||||
||||||||||||||2023|2022|
||||||||||||||5000s|KOOOs|
||At 30June 2023 the||Cofie e had||commitments|||under non-cancefiable||||o eratin|leases as follows:||
||Land and buildin s:||||||||||||||
||Ex irin|within one|ear||||||||||28|95|
||Ex irin|between
two and five||ears|||||||||16|34|
||Ex irin|in overfive|ears||||||||||12|12|
||||||||||||||56|141|
||Other||||||||||||||
||Ex irin|within one|ear||||||||||18|27|
||Ex irin|between
two and five||ears|||||||||16|34|
||Ex irin|in overfive|ears||||||||||||
||||||||||||||34|61|
##
##
##
##
##
||Male||Female||
|---|---|---|---|---|
|Active Members —Option 1Benefits||64||64|
|Deferred Members —Option 1Benefits||63||62|
##
##
|||2023||2022||
|---|---|---|---|---|---|
|||EOOOs||EOOOs||
|Current service|cost||80||141|
|Administrative|expenses||19||19|
|Interest on net|defined benefit (asset)/liability||77||77|
|(Gain)/loss
on|plan changes|||||
|Total charge|||175||237|
|||2023|2022|
|---|---|---|---|
|||EOOOs|EOOOs|
|Present value of plan liabilities at beginning|of period|11,028|14,930|
|Current service cost||80|141|
|Employee contributions||30|27|
|Benefits paid||(226)|(370)|
|Interest on plan liabilities||417|267|
|Actuarial
losses/(gains)||(1,998)|(3,967)|
|(Gain)/loss
on plan changes||||
|Curtailment
(gain)/loss||||
|Present value ofScheme liabilities at end of|period|9,330|11,028|
|||||2023|2022|
|---|---|---|---|---|---|
|||||EOOOs|EOOOs|
|Market value|of plan assets at|beginning|ofperiod|9,027|10,673|
|Contributions|paid by the College|||241|234|
|Employee contributions||||30|27|
|Benefits paid||||(226)|(370)|
|Administrative|expenses paid|||(27)|(25)|
|Interest on plan assets||||340|190|
|Return on assets, less interest||included|in Income and Expenditure|(1,531)|(1,702)|
|Market value|ofScheme assets|at end of period||7,854|9,027|
|Actual return|on plan assets|||(1,191)|(1,512)|
##
##
##
||2023|2022||
|---|---|---|---|
|Equities|49'Yo||52Yo|
|Bonds &Cash|38'Yo||34Yo|
|Properties|13Yo||14'Yo|
|Total|100Yo||100Yo|
||||||2023|2022|
|---|---|---|---|---|---|---|
||||||EOOOs|EOOOs|
|Return on assets,|less interest
included||in Income &Expenditure||(1,531)|(1702)|
|Expected less actual plan expenses||||||(6)|
|Experience gains|and losses arising|on plan liabilities|||(270)|(398)|
|Changes
in assumptions
underlying||the|present value of plan liabilities||2,268|4,365|
|Remeasurement|ofnet defined
benefit||liability recognised|in OCI|460|2,259|
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||EOOOs|EOOOs|
|Net defined|benefit asset/(liability)||at beginning|ofyear||(2,001)|(4,258)|
|Recognised|in|Income and Expenditure||||(175)|(237)|
|Contributions|paid by the College|||||241|234|
|Remeasurement||ofnet defined benefit liability||recognised|in OCI|460|2,259|
|Surplus/(deficit)||in plan at the end|ofthe year|||(1,476)|(2,001)|
##
|%ofpensionable|stipends|1January 2018to|1January 2021to|
|---|---|---|---|
|||31December 2020|31December 2022|
|Deficit repair contributions||11.9%|7.1%|
|||2022|2021||
|---|---|---|---|---|
||||E000s||
|Balance sheet liability at 1January|||||
|Deficit contribution
paid||||(2)|
|Interest cost (recognised|in SOCIE)||||
|Remaining
change to the|balance sheet liability'||||
|(recognised
in the SOCIE)|||||
|Balance sheet liability at 31December|||||
|||December|December|December|
|---|---|---|---|---|
|||2022|2021|2020|
|Discount rate
Price inflation||n/a
n/a|0.0'Yo pa
n/a|0.29o pa
3.1'pa|
|Increase to total pensionable|payroll|n/a|-1.5'Yo pa|1.6'Yo pa|
##
|Subsidiary
undertakings|Subsidiary
undertakings|||Country ofregistration
incorporation|or|Shares held|||
|---|---|---|---|---|---|---|---|---|
|||||||Class|0/||
|St Catharine's|College Development|I td|UK|||Ordinary||100|
|St Catharine's|College Events Ltd||UK|||Ordinary||100|
||||||Principal|activity|activity|||Capital and
reserves|Result for
the year|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023|2023|
|||||||||||EOOOs|EOOOs|
|St|Catharine's|College|Development|Ltd|Development||contractor|||||
|St|Catharine's|College|Events Ltd||Functions
contractor||and|events,|and|||