| CONTENTS | Page |
| Trustees and Principal Advlmrs | |
| Trustees' Report for the year ended 30June 2021 | 3-6 |
| Statement ofTrustees' responsibilities for the year ended 30June 2021 |
|
| Independent Auditors' Report |
8-10 |
| Consolidated Statement ofFinancial Activities for the year ended 30June 2021 |
|
| Consolidated Bahnce Sheet as at 30June 2021 |
12 |
| College Balance Sheet asat30June 2021 | 13 |
| Coasolidated Cash Flow Statement for the year ended 30June 2021 |
14 |
| Notes to the Financial Statemeats for the year ceded 30June 2021 | 15-28 |
| Consolidated Statement ofFiasncial Activities for the year ended 30Juae 2020 |
29 |
| Gsaersl phnds | Resigmdad | Resigmdad | Resigmdad | Restricted | Restricted | 2022 | 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nels | Mtdonmsnt | (Vnresldcledl | Shads | nhadl | Taml | Toml | |||||||||||
| dDOO's | «000's | 6000's | 5000's | OOOIJ's | qDDO's | ||||||||||||
| RICGMNG RIRGIBICM | |||||||||||||||||
| Jeconw Somdonatinns sad legacies |
670 | 1332 | 5~ | ||||||||||||||
| Jucom Sum charitable mtivities | 2 | 9/IM | 93JM | ||||||||||||||
| Income flem other tmdiag activides | 4 | 128 | 21 | 109 | |||||||||||||
| levesuncat lacoms | 3 | 41330 | 75 | 2,863 | 92652 | ||||||||||||
| 'TGTAI INCOME | dfdt$0 | $E799 | 2434 | d,ltQ | JgfF27 | 79,7$$ | |||||||||||
| dhpcvd/nwc sagwnwnlhlglhaM |
|||||||||||||||||
| Paadlsisdg costs | 825 | 825 | 1,039 | ||||||||||||||
| Jasn interest | 4396 | 4396 | 4320 | ||||||||||||||
| Estates sad Jnvcstmcat Mmagenmnt |
costs | 12 6 |
524 | 12$3SJ | 14,891 | ||||||||||||
| 3fdpf | $24 | Jfrii21 | 20r2$0 | ||||||||||||||
| cast o/rrssdar0/e ocrivl/iss |
39,010 | 2,167 | 2$53 | 43,730 | 44306 | ||||||||||||
| drher Rc/wsdharu | |||||||||||||||||
| thtveoumce costs |
551 | 551 | 393 | ||||||||||||||
| vntwsshp connlllat Mn lul der statute |
Gl | 2549 | 26 | 240 | 233$ | I | |||||||||||
| TOTALRSSOIBICM ESPENRER | $9,407 | 2J9$ | $437 | 64937 | 67620 | ||||||||||||
| Ngf %COMP(EEPSPRJS | 4$$t$0 | G,600) | 4$2rii25 | 42490 | JRJM | ||||||||||||
| lhucals al gains an Jnvestawnt | Assets | 34,4rR | 267,183 | 6,666 | |||||||||||||
| NSB'INCGMING RE90VRCRD | SSSGRE | 274$I50 | GADO) | 43 | 37480 | 309@73 | II4801 | ||||||||||
| TRANSSEBS | |||||||||||||||||
| Thmsfcm between Ends | 19 | (3371) | 9,513 | (6,142) | |||||||||||||
| NOTJNCOMINGRBSOVBCBS | APPMt | 274rf60 | (5,979) | 9856 | 31346 | 309r573 | II4802 | ||||||||||
| TRANSPSRS | |||||||||||||||||
| thhsr recogcirr4 gstss dt losses: | |||||||||||||||||
| Actuadal Gtmr/Vosscs) on dedned benedt pension schcnw |
Jd | 17vt02 | 17202 | (I1,504) | |||||||||||||
| 274+50 | 12423 | 9 | 6 | 31346 | 3X4$75 | 7 7 |
|||||||||||
| Total funds bmught forwsd | 1$II326 | 2(t38$5 | 6il | 151641 | 1$Btdt67 | I | |||||||||||
| Tmal Ihndl carried feemud | 1 | 5976 | 37 08 | 60 | 71 | 1 | 787 | 1 | 2 | I | 9 67 | ||||||
| Thme sre no nwognised gains orlosses |
other tbsn those | diedosed | above. Ag | oftbe above msuhs derive | Oom | conriauing | opcmlions. | ||||||||||
| Tluae il no mstedal ditgsmce between | rhe aet incommg | resources | Rrthe Snsncisl yearn staled | above | and their historical cost equivaleets |
| 2021 | 2020 | ||
|---|---|---|---|
| Note | Tend | Tend | |
| FMiD ASSEfS | 8000's | 8000's | |
| Investments | 10 | 1,896,503 | 1,668295 |
| ~ASSEfS | 1,896r$03 | 1,668,295 | |
| Stock | 11 | 2292 | |
| faAtots: due ager saute than one year | 12 | 846 | 821 |
| Debtots due within one year | 12 | 75382 | 15,865 |
| Cash at bank and in hand | 401)40 | 38,880 | |
| 119,175 | $7di58 | ||
| (2USRTORS: AMOUNTS FAL12NGDIRWfllllN ONEYEAR | 13 | 39854) | (62,175I |
| TOTALASSEIBLESSCUERliNT LIABILITBS | 1,97$,024 | 1,663,978 | |
| CREDITORS:AMOUNTSFALLINGDIKAFIIMORETBANONEYEAR | 14 | (91,118) | (91791) |
| NEfASSEIS EXCLUDING PENSION SCIIIMEIJABRJIV | 1,884,706 | 1,$72,187 | |
| PENSION SCRIMELIABILIIY | 16 | (18,164) | (32220) |
| NEf ASSEISINCLUDING 1%NSION SCHEMELIABK1TY | 1,866',S42 | 1,$39,967 | |
| Represented by.' |
|||
| Bndowanat funds |
19 | 1385976 | 1311326 |
| Restricted funds | 19 | 182,787 | I St dill |
| Designated funds |
19 | 60,171 | 50615 |
| General funds —general tesetve | 19 | 37,608 | 26 85 |
| 12165,342 | 1,$39,967 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | Total | Toad | ||
| IrlXKDASSEIS | KQI)Q's | 8000's | ||
| lnvestmonts | 10 | 1,786,946 | 1~,927 | |
| 1,786,946 | l,$28i927 | |||
| CllRNPK ASS EIS | ||||
| Stock | 11 | 1,881 | 1256 | |
| Debtors: due ager more than one year | 17. | 23,455 | 22,710 | |
| Debtom due within one year | 12 | 65,740 | 38,650 | |
| Cash atbonk snd in hand | 19228 | 28 190 | ||
| IIda404 | 91,406 | |||
| CREDHORSt AMOUNTS PALLINGDUEWITH)NONKYEAR TOTALASSEISLlgS~LIABIUIIQS |
13 | (18,158 1,879,192 |
(26,331) 1,594,002 |
|
| CREDHORSt AMOUNTS IrALLINGDUEAQTKR | MORE THAN ONEYEAR | 14 | (90000) | (90000) |
| NEI'ASSEIS IXCLUDING PENSION SCHQMELIABE.ITV | 1,789,192 | 1,$04,002 | ||
| PKNSION SCBEMELIABHlfY | 16 | (18,164) | (32220) | |
| NQT ASSKISINCLUDING PENSION SCHEMELIABILIIY | li77Ii028 | I/71r782 | ||
| Reprereared by: |
||||
| Endowment funds |
20 | ti483,816 | 1,235,020 | |
| Restricted funds |
20 | 182,787 | 151,642 | |
| Designated funds |
20 | 60,171 | 5)2615 | |
| Genecd funds —general reserve | 20 | 44~ | 34,505 | |
| 1,771,028 | Ia471,782 |
| 2021 | 2020 | ||
|---|---|---|---|
| 8$000 | 8'000 | ||
| NET CASH FLOW FROM OPERATING ACTIVITIES | |||
| Net incomiog resources ager transfers (as per the Statement of | |||
| Financial Activities) | 309,373 | 18,801 | |
| $tdjnsenen isfor: | |||
| Investment income Net (gaias) on investments Total pcnsksn losses~In |
SOFA exchtdhg actllsrht loss | (92,653) (255,138) 4+94 |
(64,004) (8,823) 3$406 |
| pension c tribunom by the Cogege |
(1,148) | (1,188) | |
| Loan interest Working capitalm~ |
4496 | 4420 | |
| - gncrease)/Decrease iastocks |
(15) | 69 | |
| -Increase m debtms | (59,741) | (I@34) | |
| -Decrease in credhors | (22$994) | (21,781) | |
| Net cash used in operating actividcs |
(1135626) | (70$534) | |
| CASH FLOW FROM L$$VESTING ACTIVITIES |
|||
| Purchase ofSxedasset imestments | (69,986) | (272,481) | |
| Pmceeds from disposal offnred asset investments | 96,916 | 233,861 | |
| Investment income |
92,652 | 64,004 | |
| Net cash generated Ann mvesnng activgies |
119,582 | 25@84 | |
| CASH FLOW FROM FINANCING ACTIVITIES | |||
| Interest paid | (4896) | (4,320) | |
| Nct cash used in financing a tivities | (4,396) | (4,320) | |
| NET INCREASE/(DECREASE) | IN CASH AND CASH | ||
| EQUIVALENTS | 1,560 | (49,470) | |
| Cash and cash equivalents at the start ofthe year |
38Jtgg | 88450 | |
| CASH AND CASH EQU1VALENTS AT THE END OFTHE | |||
| YEAR | 401440 | 38$880 | |
| Cash and cash eguivalents consists og |
|||
| Cash at bank and in hand | 40$440 | 38,880 | |
| Cash aud cash equivalents | 40/440 | 38,880 |
| lhdcwmsnt | GmeralFunds | GmeralFunds | Designated | Resnicted | 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ponds | (Unresnictsd) | Funds | Funds | Tahl | Total | |||||||
| 1'000 | 6'000 | 1'0(8 | 8000 | fNtgg | f'000 | |||||||
| fbgege Fees | 4.182 | drg92 | 4,774 | |||||||||
| Residence | and catermg | 4,077 | 46177 | 4,710 | ||||||||
| Other Fees | 57 | 51 | 2,919 | |||||||||
| 9,t86 | ||||||||||||
| COIARGKPR08 | ||||||||||||
| Feelncouw | paid ou behalf ofundetgmdustes | at the pubgc)y | funded uadmgrad |
usta rate per espim ihe f4/22 (2020f4$5e) | 2S73 | |||||||
| Pmrately-ha dad ondmgradu ate fee income, orf5333(Matric 2020)b applied to each dw |
per cspih Bc613833,a bmsaty off6225(nntdc 2019orbehm) (2000,113340bumaty f6003) |
I/57 | 1/85 | |||||||||
| Feemcame | received atthe gmduate he mtc | ((per capha fae64107(202063ttso)) | 961 | 984 | ||||||||
| k | ||||||||||||
| Bndownunt | thneralFunds | Dssigaated | Restricted | IOM | 2020 | |||||||
| Funds | (Umestricted) | Funds | Funds | Tahl | Total | |||||||
| COOO | 6'000 | 6'000 | 1'000 | IFOOO | 6'000 | |||||||
| Fmparty -College | 28,231 | 29rt56 | 60 | 57,747 | 35rc(B | |||||||
| Pmpm0r ~ Subsidiaries |
13699 | 13341 | 271040 | tyrt52 | ||||||||
| Bgukies | 4,065 | 884 | 2,783 | 7,132 | 10,432 | |||||||
| Bankhterest | If3 | 20 | 133 | 655 | ||||||||
| 4IP30 | 46,975 | 884 | 2,863 | 926152 | 64384 | |||||||
| 4.BiCOMSAtOMOTBgR | TRABING | ACTIVE | ||||||||||
| Bhdowment | Omcml Punds | Desigaated | Restricted | 1021 | 2020 | |||||||
| Panda f'000 |
(Unemtrictcd) 8'000 |
Puads f,'000 |
Funds 3'000 |
Total 8'000 |
Total 6'000 |
|||||||
| Coahmnoos | 21 | |||||||||||
| Totttlstlt | 59 | |||||||||||
| Other | 169 | 242 | ||||||||||
| 128 | 20 | 21 | 169 | 326 | ||||||||
| 5.ISTATKI | AND BIV002260NT MANAGEMENT COSTS | |||||||||||
| Pedownnnt | OcnemlPunds | Designated | Resnicted | 2021 | IO | |||||||
| funda | (Unrmtrictsd) | Pands | Fuads | Tahl | Total | |||||||
| 6'000 | f'000 | 6780 | f.'000 | 8000 | f'000 | |||||||
| Cogege costs | 5,816 | 524 | th340 | 5,998 | ||||||||
| Subsidiaries | costs | ft260 | dr260 | 83193 | ||||||||
| 12,076 | 524 | IA600 | 14+It |
| Eudownmnt | OenmnlFunds | Designated | Restricted | 2021 | 2020 | ||
|---|---|---|---|---|---|---|---|
| Feeds | (Unrestricted) | Funds | Fuads | Temt | Total | ||
| f'000 | 6'000 | f'000 | 6'000 | IF000 | f*COD | ||
| Residence aud catering | 10,970 | 9 | I0879 | 11,480 | |||
| Tea~hing, Tutorial and Adndssions | 17@84 | 245 | 84 | 17,713 | 14,925 | ||
| Resmmh | 3,916 | 30 | 151 | 4,097 | 7,154 | ||
| Scbobrships | and awards | 2,778 | 910 | 2,295 | 5,903 | 6,144 | |
| Donatioas | 3,902 | 982 | 14 | ASS | 4,603 | ||
| 39010 | 2,167 | 2,553 | 43730 | 44PI6 |
| 2021 | 2(00 | |||
|---|---|---|---|---|
| Tbtsl | Total | |||
| de enslyric ofthe donerioes iserlhlfotmt | f'000 | 5'000 | ||
| haec Newton Trust | IE00 | 1,500 | ||
| Canibridge | Trust | 13100 | 1250 | |
| Cambridge | Hearn/ EUScholamhip | Schenn | SSO | 600 |
| Gunhridge | Colleges Teecbmg | 952 | 711 | |
| Other | 656 | 542 |
| 2021 | 2020 |
|---|---|
| Total | Total |
| f'000 | f'000 |
| 2S3 | 114 |
| 5.166 | 5,168 |
| NOTES TO THE FINAN (cendnued) |
CIAL | STAT | EM | ENTS FOR THE YEAR ENDE | D 30JU | NE 2021 | |
|---|---|---|---|---|---|---|---|
| 9.STARS NUMBERS ANP COS('S | |||||||
| Tbc monthly avemge number ofpemom (tnctudhrg du |
Trustees) employed | by the CoBcgs during the year wae; 380(2020:606) | |||||
| Tlw ccsw associated with thee«employees was: |
|||||||
| 2031 | 2020 | ||||||
| 8'000 | f'000 | ||||||
| Wages and mlmies | 13JS8 | 15331 | |||||
| Social secudiy cosh | 1~6 | 1,561 | |||||
| Pcrnloa costs - dcfincd bcrwfit cchctnc sclvmc | cost | gdtdd | 3.007 | ||||
| 19,170 | 192199 | ||||||
| Trustms | |||||||
| Ihmng Ihe year m fees or expemes were paid | toPefiows | in scspccl | oftheir | duties as Trmtees (2020I none). | |||
| Paymems m Trustees made uwlcr tbe autlwrtty |
ofami | in accotdams | with tbe Statutes ofthe College, m respect of | ||||
| msching, rmearch and admlnlsoadve duties amounted |
lo: |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 8'000 | f'000 | |||
| Agpegale mnolumeats |
601 | 525 | ||
| Pensioe cosnibulicm | 44 | 43 | ||
| 645 | 568 | |||
| Thc number ofCollege kfiows snd stall whose remunemtion, | excluding panion cmmibudom, | exceeded 560000was as follows: | ||
| 2021 | 2020 | |||
| No | No | |||
| 860,000 - f69,999 | 9 | 7 | ||
| 6703100-879599 | 5 | 10 | ||
| f803100 - 589P99 | 7 | 7 | ||
| fpdd)00 -f99,999 | 5 | 1 | ||
| f1ogdtdg - f109599 | 2 | 1 | ||
| Q20500- ft29599 | 0 | 1 | ||
| ft30500-5139999 | 1 | 1 | ||
| 28 |
| Csosolldstsd | Consogdated | College | College | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||||
| 6TIOO | CODD | P,'000 | |||||
| Market value | at IInly | IP60r295 | 1,61D,853 | IP28P27 | IP12,684 | ||
| Addhions | 69P86 | 272rul | 69P86 | 240,II9 | |||
| Disposah | (96P16) | (233,861) | (59P67} | (233261) | |||
| Net mvcstowot gsias/(heres) | 255138 | 8,822 | 248000 | 9,9I5 | |||
| Msrksl vahc at 30tune | I 96 03 | !,668,295 | I'186P46 | I528,927 | |||
| Cess agdstsd | Cmsogdsted | CeBege | |||||
| 2021 | 2020 | 2021 | |||||
| 6TIOO | 5:000 | 6'000 | |||||
| Rcpmsented | by: | ||||||
| Pmpwty | 884r367 | 765P32 | 712,433 | ||||
| Assets uadcr coostructioa | 58.152 | Itrt08 | |||||
| Equities Unlisted investmmts |
863,725 2?7I |
646501 17,651 |
863,725 22,702 |
646,901 17PII |
|||
| Money Market Funds | 56,976 | 61P24 | 56P76 | 61/24 | |||
| Iavestments | m subsidiary | uadwtsldngs | (gee aotc 18) | 77711 | 79PIO | ||
| IP96503 | l,ddt(295 | I 706P46 | IP28527 |
| 11.STOCK | ||||
|---|---|---|---|---|
| Cansolidnwl | Consokdsted | Cousge | Colhge | |
| 2021 | 2020 | 2021 | 2020 | |
| f'000 | f'OOO | f'000 | f'OIIO | |
| Provisions | IPOI | 1,856 | IPgt | IP56 |
| Cmps snd seeds | 426 | 436 | ||
| 7 | 2,292 | I 81 | 1,856 |
| Coasogdated | Consolidaaxl | Cogege | College | |
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| Amounts faglag due atter more tbtm one year Aneuan owed by subsidiary~ |
f'000 | f'000 | 0000's 22,609 |
5000's 21,889 |
| Ofbsr debtors | 046 | 821 | ||
| 846 | 821 | 23r455 | 22,710 | |
| Aaeunts falling due within oae year |
||||
| gcnh rcccivable | 6Irt57 | 9,639 | 12,272 | 5,10D |
| 9 ep yuerm and accrued herme Other debtom Aaemm owcdby subsidiary~ |
5+46 34010 |
I,DD9 337 |
5,546 3,680 39,104 |
12,868 337 IA285 |
| Trade debtors | 4060 | 058 | 4060 | |
| 75i582 | 15,865 | 65,740 | 38,650 | |
| 76,428 | 16.686 | 89195 | 6I360 | |
| 13,CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| Comogdated | Comolidotcd | College | Cogege | |
| 2021 | 2020 | 2021 | 202D | |
| f'000 | f'000 | 5000's | 5000's | |
| Trade crediam | 20.091 | 20,851 | 6r402 | 33146 |
| Umvcrsity cmaribstion | 2,835 | 2,671 | 22135 | 2,671 |
| Texas md social seceity | 927 | 964 | 927 | 964 |
| Giber credinn s | 734 | 501 | 134 | 501 |
| Accruals etd dchned heone | 7261 | 37 188 | 7260 | 18349 |
| 393154 | 62,175 | I 158 | 26,331 | |
| I&CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR | ||||
| Cornolldstad | Coeelidatcd | College | College | |
| 2021 | 2020 | 2021 | 2020 | |
| 5'000 | f'000 | 0MD's | 5000's | |
| Deferred hcome | 1,118 | 1,791 | ||
| long tenn borrowing | 90.000 | 90,000 | ||
| 91118 | 91.79] | 90 DDD | 90000 | |
| 15.iYIATURITY OFEAVE LOANS | ||||
| ConsoMsted | Comoiidotsd | College | Cogegc | |
| 2021 | 2020 | 2021 | 2020 | |
| 6'000 | f'000 | 0000's | 5000's | |
| Inmme thm Sveyears | 90,000 | 90000 | 903100 | 90000 |
| 90ODD | 000 | 90000 |
| with gtc Sane Pension Ags fiom 20 | with gtc Sane Pension Ags fiom 20 | 20. | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| The underlying morality assumpdon |
is based upon | tbe standard table |
known as S3PA anayear ofbirth mage with CMI 2020 | ||||||||
| fusee improvement &tutors |
and a long tenn rate ofSane improvement | of1 25'Yx per aanum &xmales and 1 0'/o per annum for | |||||||||
| fcmalcs with no additional | improvement and ibe standard |
smoothing | fitclor (2020:S3PAon ayear sfbirth usage wino CMt | 2019 | |||||||
| and the same long term improvement | mtes and the | standard | smoothing | Stator). Tbts results in the followicg life | pectancies. | ||||||
| The avcragc life expectancy | in years | ofapensioner | retiring at | age 65on the balance shcct | |||||||
| date isas follows: | |||||||||||
| 2021 | 2020 | ||||||||||
| Male | 21Jt | 21.9 | |||||||||
| Fcxmle | 24.1 | 24.0 | |||||||||
| The average life expectmcy | inyears | ofapensioner | retirisg at | age 65,twenty | years afar | ||||||
| the batsrue sheet date isas | follows: | ||||||||||
| 2021 | 2020 | ||||||||||
| Male | 23.2 | 23.2 | |||||||||
| Female | 252 | 25.2 | |||||||||
| Allowance has been made |
st redremmx for 75'/ |
ofall noa-re&red | membem | to consmae | |||||||
| part ofgmr pension Ssamsxinaun | total lump sum | on dm | basis ofgn cmrent | comuxmtion | |||||||
| &rotors in &mse calcelations | |||||||||||
| The amounts mcogaised lathe balance sheet as | at30Juae | aee as | fogows: | 2021 | 2020 | ||||||
| f000's | &0&0's | ||||||||||
| Market value ofScheme assets | 70&722 | 58,736 | |||||||||
| Present value ofScheme liabilities | (88,886) | (90r/56) | |||||||||
| Deficit in &m Scheme | (18,164) | (32420 | |||||||||
| Aaalysh oftbe smouat to | be recogaised ia the consohdsted | Statement of | Phmncial | ||||||||
| Activitiest | |||||||||||
| 2021 | 2020 | ||||||||||
| ftt00's | f000's | ||||||||||
| Clarcnt scrvlcc cost | 3,598 | 2,776 | |||||||||
| Adminisnative cxpcnscs |
248 | 231 | |||||||||
| lrnerest oanet dcfincd bcncfit (asset)/liability | 448 | 397 |
| 16.PENSION SC)IE)tgELIABILITY(CONTINUED) | 16.PENSION SC)IE)tgELIABILITY(CONTINUED) | ||
|---|---|---|---|
| Cbauges la tbe present cairn oftbe scheme gsbghtes far the year emled 30June am asiblhws: | |||
| 2021 | 2020 | ||
| 5080's | NI00's | ||
| Presaot value | ofscheme liabilities atbeginmag ofyear | 90,956 | 78267 |
| Cuireat service cost | 5308 | 2,776 | |
| Employee Cornibutieni | 613 | ||
| lncneit cost | 1,3II6 | 1,742 | |
| AcheM (gains) losses | (5(49) | 9447 | |
| Beesgts paid | (2,444) | (1Jtgg) | |
| lass onplan | chmges | ||
| Pretest value | ofschmo iabiTiYies ataed ofyear |
90,956 | |
| Cheages ln the fair value ofscheme assets for the year ended 38June are as fogewsi | |||
| 2II21 | 2020 | ||
| 5800's | 1000's | ||
| Preswn valos | ofscbsnu sums at begbndng ofyear | dgo736 | 59,767 |
| Conldbutioas | paid by Ibe College | 1,14$ | 1,188 |
| Bmployee Cmavlmdom | 617 | 613 | |
| bnerest onpleamstm | 859 | 1345 | |
| Admiaisbative | expenses paid | (178) | (163) |
| Reuse onassets, less interest included in Sob | 11,984 | (2,325) | |
| Beasgn paid | 12+I4) | (1,689) | |
| Preseat value | ofscbcnn assets at end ofyear | 70,722 | 58,736 |
| Acunl nmnn | an plan assam | 12,$42 | (980) |
| The nn)or categories ofScheme assets m a permatage oftotal gebenm assets forthe year | |||
| emgng 30Juos ars as fogows: | |||
| 2021 | 2028 | ||
| 'Yo | '/o | ||
| 765 | '78.7 | ||
| 168 | 142 | ||
| 0.0 | 0JI | ||
| 6.6 | 7J | ||
| 103 | 100 |
| During Ibe year there was an investment | in Trimly Fof62898and an impsimme | wdte | down oFf22m | inTrimly E. | |
|---|---|---|---|---|---|
| Cmumyof | Class ofshare | Boponion held | Natme ofbminess | ||
| registration | and | ||||
| operation | |||||
| Trimty (B)Umitcd | Eagland | Ordinary | 1004 | land developmwu | |
| Trimly CoBege (CUP) limited | England | Ordinary | IOO%%u, | Pmperty | |
| Tttnihr (D)1imimd | Erudsnd | Ordinary | IOONe | Protmty | |
| Trinity (P)limited | England | Onlinary | IOONi | Imd development | |
| Walton Farms 1imiud | England | Onlimny | IO(PA | Fanmng | |
| Dmefold Airpcct Uedmd | England | Ordinary | Ioo%%u | Property | |
| Tdmly (E)United | England | Ordinmy | IOIB4 | Property |
| Balance st30 fuse 2020 |
lncosa | Dpenditure | Netinvcstmmt geins/Sosses) |
Tmnsfcrs betweca fends |
Tmnsfcrs betweca fends |
Gtha Gains/(losses) |
Bslsncect30 Jeoe2021 |
||
|---|---|---|---|---|---|---|---|---|---|
| COOO | CODD | f,'ON | f'OOD | f'DOD | f,'Oat | P000 | |||
| Endowment | ISIIS26 | stdt30 | 232,720 | IS85976 | |||||
| Rearicted | 151S42 | (t l62 | 3337 | (6,142) | 102,7ll7 | ||||
| Designated | 50A15 | 2236 | 2,193 | R513 | 60,171 | ||||
| General | 26485 | 56,799 | 59,407 | (A371) | t7J02 | 37608 | |||
| 25393/67 | 107,127 | 64dr37 | 267,183 | 17202 | 1,866S42 | ||||
| 20.REEERtrgg CGLIEGE | |||||||||
| Bsleace at30 Jeee2020 |
Income | Erpeoditure | Nct mves unset gains/(tosses) |
Trsnsfem between fuads |
Other Come/Gosscs) |
Balance at30 Juee2021 |
|||
| fetgg | f'NO | I'ND | f'000 | 5*NO | f'ODD | COOO | |||
| Endowment | 24353)20 | 41330 | I/IOJJI16 | ||||||
| Restricted | ISIA42 | 6,163 | 3328 | (6,153) | 182,787 | ||||
| Designated | 50,615 | 2,237 | 2,192 | 9,312 | 60271 | ||||
| Geneml | 34+05 | 49,063 | 53,13'/ | (3359) | 44/54 | ||||
| 2471,782 | 99393 | 50477 | 24IQ29 | (0) | 17302 | 1.7712)29 | |||
| 21.BECOACILIJATION GFNEI'DEBT | |||||||||
| 2021 | 2020 | ||||||||
| AtStart of | Year: | F000 | f'DOD | ||||||
| Cmh etbeok and m haod | 38dtgg | 88JIO | |||||||
| BaokIosns | 0 00) | (90,000 | |||||||
| (51,120) | (1,650) | ||||||||
| Net (deaess e)/ heres seio cash Rperiod | 1560 | (49,412) | |||||||
| lnaeasein | bank loans | ||||||||
| Movement | in nct debt | I'D | (49,472) | ||||||
| At end ofthe Jew t | |||||||||
| Cash st bank end m hand | 40/t40 | 38.880 | |||||||
| Bank Loans | (Sgdtgg) | (90,00D) | |||||||
| Nei Debt | (49,560) | (51,120) |
| llestatcd | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| General Ftmds | Destgnded | Restricted | 2020 | 2019 | ||||||
| Nels | Endsumsnt | (Uiwestrlcted) | Fmuh | Suade | Total | Total | ||||
| 8000's | 0000's | 8000's | 8000's | 8000's | 8000's | |||||
| INCOMING RSSOURCSS | ||||||||||
| acorns fnrm mmatbra ane lsoschs |
705 | 1,727 | 3,022 | 4,714 | ||||||
| Jnconn horn duuitab1e activit'ms |
9,623 | 2780 | I2,4I3 | 11391 | ||||||
| lncoae Oomothertrsdiag acrivhies |
194 | 114 | 18 | 326 | 418 | |||||
| Investment Jaconw TOTAL INCOME |
9303 9+83 |
49,615 68,822 |
1,085 1,984 |
4,001 8,$26 |
102227 79,155118,649 |
|||||
| Erpeadirunr cageccrechg fiurds | ||||||||||
| Fundmising costs |
I,D37 | 2 | 1$B9 | 1,114 | ||||||
| loan htcrest | 4320 | 4,320 | 4310 | |||||||
| Estates and Javestmeat Management |
costs | 143139 | 52 | 14,891 | 41,697 | |||||
| 28896 | $4 | 20r2$0 | 47,121 | |||||||
| Costsfclarrtmh JcecchRies | 37~9 | I983 | 4974 | 44306 | 39973 | |||||
| (Jrtrrr Rrperrdtlrwe | ||||||||||
| Governance costs |
393 | 393 | 375 | |||||||
| Uusrersty contrhulioe under State!a GI |
7 | 2.395 | 25 | 2,671 | 2,538 | |||||
| Costofwithdmwmg fmm a degaed beaeR achene |
16 | |||||||||
| TOTAL RESOURCES EKPENDSD | 68+33 | Svtyp | 67,638 | 119,492 | ||||||
| NSXIKCOMEr(87(PSJvSID | 9,383 | (3JU | (784) | 3447 | 12,13$ | |||||
| Unrealiscd guise oo Jnvcstnmst |
Assets | 13,601 | (A229) | (4,706) | 6,666 | 75,535 | ||||
| NEf INCOMING RSSOURCSS | RESORB | 22,904 | (311) | (2433) | G,459) | J8$JOI | 74ri93 | |||
| TRAJIJSIBRS | ||||||||||
| Tmnsftm between funds |
2,632 | (5$)34) | 2,63$ | (233) | ||||||
| ESTINCOMING RESOURCES | AFIRR | 25436 | (5445) | 302 | U,692) | Igdtg1 | 74r693 | |||
| TRANSFERS | ||||||||||
| Orher rrcogu ised gains di Josssm | ||||||||||
| Actuaria losses on degoed bateS schess |
paesan | (11,504) | (11,504) | (5,744) | ||||||
| 25/36 | 63149 | 302,692 | 7 9T | 60,948 | ||||||
| Total funds brought forwanl |
Iv385790 | 43vt34 | 50313 | I53333 | 1,532670 | 1463719 | ||||
| Tohl funrh carrired ferward | 1311 26 | 26385 | 504JIS | 151 41 | I | 9rt67 | I/32,667 | |||
| Them ae no recognised gains orhe |
see other than | those disclosed above. | Allofthe above | results derive | Oom contmuing | operations. |