## 



## 

|REPORT OF THE GOVERNING|BODY||||
|---|---|---|---|---|
|INTRODUCTION|||||
|OBJECTIVES AND ACTIVITIES|||||
|Charitable<br>Objects and Aims|||||
|Activities and objectives ofthe College|||||
|ACHIEVEMENTS AND PERFORMANCE|||||
|FUTURE PLANS|||||
|STRUCTURE, GOVERNANCE|AND MANAGEMENT||||
|Governing<br>documents|||||
|Governing<br>Body|||||
|Recruitment<br>and training<br>ofMembers ofthe||Governing|Body||
|Remuneration<br>ofMembers of the Governing||Body and Senior College Staff|||
|Organisational<br>management|||||
|Group structure<br>and relationships|||||
|Risk management||||10|
|FINANCIAL REVIEW||||10|
|Reserves policy||||12|
|Investment<br>policy, objectives and performance||||13|
|Fundraising||||13|
|Statement ofthe Governing<br>Body's responsibilities||||13|
|SUMMARY OF FELLOWS' ACTIVITIES IN||THE YEAR|TO 31JULY 2021||
|Senior Research Fellows||||14|
|University<br>Academic Fellows||||17|
|Examination<br>Fellows||||20|
|Post-Doctoral Fellows||||22|
|Other Fellows|||||
|Honorary<br>and Emeritus Fellows||||26|
|Visiting Fellows||||30|
|REFERENCE AND ADMINISTRATIVE INFORMATION||||33|





|MEMBERS OF THE GOVERNING BODY|33|
|---|---|
|COLLEGE ADVISERS||
|INDEPENDENT<br>AUDITOR'S REPORT TO THE MEMBERS OF THE GOVERNING||
|BODY OF ALL SOULS COLLEGE||
|PRINCIPAL ACCOUNTING<br>POLICIES|42|
|CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES|50|
|CONSOLIDATED AND COLLEGE BALANCE SHEETS|51|
|CONSOLIDATED STATEMENT OF CASH FLOWS||
|NOTES TO THE FINANCIAL STATEMENTS|53|





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|||||||||||||||||Ql|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||Ql|
|||||||||ili|E||0|0||U|0||
||||||||||||||0||||
|||||||||Ql|Z||||Ql|00||Qo|
|||||||||Ql<br>0|'Ql|Ql||E|QG||6|Ql|
|||||||||U|g||t<br>Ql|||||0|
|||||||||||||||0|||
|John Vickers||Warden|||||||4/4||||||||
|Noel Malcolm||Sub-Warden|||||||4/4||||||||
|Thomas Seaman||Estates Bursar||—retired 30Sep. 21|||||||||||||
|David Renton||Estates Bursar||—appointed||1|Oct. 21||0/0||||||||
|Sarah Beaver||Domestic Bursar|||—retired 30||Se .20||0/0||||||||
|Rima Dapous||Domestic Bursar|||—appointed||1Oct. 20||4/4||||||||
|Catherine<br>Mor|an|Academic Secreta|||||||||||||||
|John Dru||Chaplain|||||||4/4||||||||
|Cecilia He es||Senior Dean|||||||4/4||||||||
|Lucia Zedner||Dean ofVFs|||||||4/4||||||||
|David Pannick|||||||||4/4||||||||
|Simon Green|||||||||4/4||||||||
|William Walde|rave||||||||4/4||||||||
|Cecilia Trifo li|||||||||4/4||||||||
|Pere<br>rine Horden|||||||||4/4||||||||
|Andrew<br>Wilson|||||||||4/4||||||||
|Ian Loader|||||||||4/4||||||||
|Colin Burrow||Fellow Librarian|||||||4/4||||||||
|Geor e Mol neaux||Fellowship|expired 12Jun.|||21|||4/4||||||||
|John Redwood|||||||||4/4||||||||
|Deborah Oxle||Resigned 31Dec.|||20||||1/2||||||||
|Launcelot Henderson|||||||||4/4||||||||
|David Gellner|||||||||4/4||||||||
|An ela McLean|||||||||3/4||||||||
|Katherine<br>Rundell|||||||||4/4||||||||





||||||||||Ql|
|---|---|---|---|---|---|---|---|---|---|
|||||||||cno|o|
|||||||||Z||
||||||||||OJ|
|||||||||QJ 4||
|||||||||C||
|Vincent Crawford|||Retired|30Sep.||20||0/0||
|Suzanne Ai rain||||||||3/4||
|Mark Armstrong||||||||3/4||
|Alexandra<br>Mullen|||Intermitted||6Oct. 19 - 4Oct. 20|||4/4||
|Frederick Wilmot-Smith||||||||4/4||
|Geor e Woudhu||sen||||||4/4||
|Neil Kenn||||||||4/4||
|Clare Bucknell||||||||4/4||
|Edward Mortimer||||||||3/4||
|Susanne Bobzien||||||||4/4||
|Catherine<br>Red|well|||||||4/4||
|Marius Ostrowski|||Fellowship||expired 8Nov. 20|||||
|Beata Javorcik|||Intermitted||1Se .19 —31Au||.22|0/0||
|Paul Fendle||||||||||
|Cecile Fabre||||||||4/4||
|Tess Little||||||||4/4||
|Max Harris||||||||3/4||
|Francis Brown|||Financial||Dele|ate, Oct. 18-Se|.21|4/4||
|Wolf an<br>Ernst||||||||4/4||
|Peter Wilson||||||||4/4||
|Dmitri Levitin||||||||4/4||
|Philipp Nothaft|||Resigned||31Aug. 20 —f50 Fellow from|||0/0||
||||12Jun.|21||||||
|Erik Panzer|||Fellowship||expired 30Sep. 20||—650|0/0||
||||Fellow|from 12||Jun. 21||||
|Catriona Seth||||||||4/4||
|Hasan Dind'er|||Financial Dele|||ate Oct. 17 —Se .20||4/4||
|Andrew W nn Owen||||||||4/4||
|Claire Hall||||||||||
|Diwakar Acha||a||||||4/4||
|Julia Smith||||||||4/4||
|Ruth Harris||||||||||
|Ian Rumfitt||||||||4/4||
|Katherine<br>Backler||||||||4/4||
|Sarah Bufkin||||||||4/4||
|Lisa Lodwick|||Intermitted||1Apr. 21 - 1Jan. 22|||3/3||
|Jasmine Nirod|||Intermitted||3Jan. 19-1Mar 21|||2/2||
|Srikanth To|aladoddi|||||||||
|Ross Anderson||||||||4/4||
|Matthew<br>Mandelkern|||Resi ned||30Nov. 2020|||||
|Fitzro<br>Morrisse|||Financial Dele|||ate Oct.20-Se .23||4/4||
|David Addison||||||||4/4||
|Stathis Kal vas||||||||4/4||
|Christina<br>Ri|s||Fellowshi||ex|ired 30Se .20||0/0||
|Gavin Salam||||||||3/4||
|Lucia Prauscello||||||||3/4||
|Ma aKrishnan||||||||4/4||
|John Merrin<br>ton||||||||4/4||
|Santanu Das|||Diversi||Fellow|||4/4||
|Marina Warner||||||||4/4||
|Elizabeth Chatter'ee|||Resi|ed|23Jan. 2021|||2/2||





|||||||||||||QJ|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||OJ|
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|||||||||||0|||
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||||||QJ|"Qj||QJ|||||
||||||0<br>U|Qj<br>'C Z<br>Q:|||OJ<br>C<br>Ql|M)<br>C|E0|OJ<br>0<br>o|
|Anne-Mar<br>aret Wolf||Intermitted||2 Se .20 —1Mar. 21|||2/2||||||
|Rachel B<br>an|||||||4/4||||||
|Karolina Watroba|||||||4/4||||||
|K le Pratt|||||||4/4||||||
|Alexander<br>Geor iou|||||||4/4||||||
|Chun Hin Lucas Tse|||||||3/4||||||
|Amia Srinivasan||Jan. 20-|||||4/4||||||
|Vladimir Markovic||Jun. 20-|||||4/4||||||
|Justin Stover||Jun. 20-|||||4/4||||||
|Timothy Endicott||Jul. 20-|||||4/4||||||
|Sheilagh, Ogilvie||Oct. 20-|||||4/4||||||
|Richard Davenport-Hines||Oct. 20-|||||4/4||||||
|Miriam Meyerhoff||Nov. 20-|||||3/4||||||
|Other Committee|Members<br>(not Trustees)||||||||||||
|Robin Bri<br>s||Emeritus|Fellow||||||||||
|Ian Maclean||Emeritus||Fellow|||||||||
|James Malcomson||Emeritus|Fellow||||||||||
|Keith Thomas||Honorar||Fellow|||||||||
|Paul-James<br>White||Former|Fellow||||||||||
|John Landers||Former Fellow (Chair)|||||||||||
|Charles Youn||External|Member||||||||||
|Ewen Cameron-Watt||External|Member||||||||||
|Jeremy Large||External|Member||||||||||
|COLLEGE OFFICERS|||||||||||||
|The officers ofthe|College|to whom|day to day management||is delegated||at the date ofsigning of this report are as follows:||||||
|A. Warden|||||Professor Sir||||John Vickers||||
|B.Domestic Bursar|8z Academic Administrator||||Dr|Rima Dapous|||||||
|C.Estates Bursar|||||David|||Renton|||||
|D.Manciple|||||Paul Gardner||||(to Sep.21)||||
|D.Manciple|||||Toby Christensen<br>(from Sep. 21)||||||||
|E.Accountant|||||Diana|||Mead|||||





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## 

|||||Unrestricted|Restricted|Endowed|2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Total|Total|
||||Notes|E'000|E'000|F,'000|E'000|E'000|
|INCOME AND ENDOWMENTS FROM:|||||||||
|Charitable<br>activities:|||||||||
|Teaching, research and residential||||487|||487|537|
|Other Trading Income||||48|||48|50|
|Donations<br>and legacies||||7|||8|8|
|Investments|||||||||
|Investment<br>income|||||60|10,543|10,603|11,616|
|Total return allocated|to income||16|10,034||(10,034)|||
|Other income|||5|476|||476|640|
|Total income||||11,052|61|509|11,622|12,851|
|EXPENDITURE ON:|||||||||
|Charitable<br>activities:|||||||||
|Teaching, research and residential||||9,534|42||9,585|7,551|
|Public worship||||109|||117|140|
|Heritage|||||||||
|Generating<br>funds:|||||||||
|Investment<br>management||costs|||7|1,221|1,228|1,247|
|Total Expenditure|||6,7|9,643|49|1,238|10,930|8,938|
|Net Income before gains||||1,409|12|(729)|692|3,913|
|Net gains/(losses)<br>on investments|||12,13||275|59,069|59,345|(14,453)|
|Net Income/(Expenditure)||||1,410|287|58,340|60,037|(10,540)|
|Transfers between funds|||21|19|(19)||||
|Other recognised<br>gains/(losses)|||||||||
|Actuarial<br>gains/(losses)|on defined benefit pension schemes||25|652|||652|(117)|
|Net movement<br>in funds for the year||||2,081|268|58,340|60,689|(10,657)|
|Fund balances brought forward|||21|41,180|2,401|421,822|465,403|476,060|
|Funds carried forward at 31July||||43,261|2,669|480,162|526,092|465,403|





|||||2021|2020|2021|2020|
|---|---|---|---|---|---|---|---|
|||||Group|Group|College|College|
||||Notes|6'000|E'000|E'000|F,'000|
|FIXEDASSETS||||||||
|Tangible assets|||10|3,052|4,151|3,049|4,149|
|Heritage assets|||11|7,947|7,947|7,947|7,947|
|Property investments|||12|235,851|222,959|233,503|221,083|
|Other Investments|||13|279,969|231,436|279,917|231,384|
|Total Fixed Assets||||526,819|466,493|524,416|464,563|
|CURRENT ASSETS||||||||
|Stocks||||571|588|571|588|
|Debtors|||17|1,955|2,020|2,079|2,117|
|Cash at bank and|in|hand||1,436|906|1,424|888|
|Total Current Assets||||3,962|3,514|4,074|3,593|
|LIABILITIES||||||||
|Creditors: Amounts||falling due within one year|18|1,156|1,160|1,105|1,144|
|NET CURRENT ASSETS||||2,806|2,354|2,969|2,449|
|TOTAL ASSETSLESSCURRENT LIABILITIES||||529,625|468,847|527,385|467,012|
|CREDITORS: Amounts|falling due after more than one year||19|1,102|369|1,102||
|NET ASSETSBEFOREPENSION LIABILITY||||528,523|468,478|526,283|466,643|
|Defined benefit pension||scheme liabilities|25|2,431|3,075|2,431|3,075|
|TOTAL NET ASSETS||||526,092|465,403|523,852|463,568|
|FUNDS OF THE COLLEGE||||||||
|Endowment<br>funds||||480,162|421,822|477,816|419,948|
|Restricted funds||||2,669|2,401|2,669|2,401|
|Unrestricted<br>funds||||||||
|Designated<br>funds||||7,977|7,976|7,977|7,976|
|General funds||||37,715|36,279|37,821|36,318|
|Pension reserve|||25|(2,431)|(3,075)|(2,431)|(3,075)|
|||||526,092|465,403|523,852|463,568|





## 

## 

||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|6'000|E'000|
|Net cash (used in) operating<br>activities|||||(8,837)|(9,182)|
|Cash flows from investing<br>activities|||||||
|Dividends,<br>interest and rents from|investments||||10,603|11,616|
|Proceeds from the sale ofproperty,|plant and equipment||||1,000|13|
|Purchase<br>of' property,<br>plant and equipment|||||(156)|(203)|
|Proceeds from sale of investments|||||202,133|18,828|
|Purchase of investments|||||(204,213)|(22,971)|
|Net cash provided<br>by investing<br>activities|||||9,367|7,283|
|Cash flows from financing<br>activities|||||||
|Net cash provided<br>by (used in) financing<br>activities|||||||
|Change in cash and cash equivalents|in the|reporting|period||530|(1,899)|
|Cash and cash equivalents<br>at the beginning||ofthe reporting|||||
|period|||||906|1,393|
|Change in cash and cash equivalents|due to|exchange|rate movements||||
|Cash and cash equivalents<br>at the end|of. the|reporting|period|29|1,436|906|





## 

||||2021|2020|
|---|---|---|---|---|
|Teaching, Research|and Residential||F.'000|6'000|
|Unrestricted<br>funds|||||
|Office for Students|support||344|293|
|Other academic income|||24|19|
|College residential|income||119|225|
||||487|537|
|Total Teaching, Research and||Residential|487|537|
|Total income from|charitable|activities|487|537|



## 

|DONATIO|NS<br>AND LEGACIES||||
|---|---|---|---|---|
||||2021|2020|
||||f,'000|E'000|
|Donations|and Legacies||||
|Unrestricted|funds||||
|Restricted funds|||||
|INCOME FROM OTHER TRADING ACTIVITIES|||||
||||2021|2020|
||||E'000|8'000|
|Other trading income - Chichele Property Company||(ASC) Ltd.||50|
|||||50|





## 

||||2021|2020|
|---|---|---|---|---|
||||E'000|E'000|
||Unrestricted<br>funds||||
||Agricultural<br>rent||||
||Commercial<br>rent||||
||Other property<br>income||||
||Equity dividends||||
||Income from fixed|interest stocks|||
||Other investment|income|||
||Bank interest||||
||Restricted funds||||
||Agricultural<br>rent||||
||Commercial<br>rent||||
||Other property<br>income||||
||Equity dividends||60|66|
||Income from fixed|interest stocks|||
||Other investment|income|||
||Bank interest||||
||||60|66|
||Endozued funds||||
||Agricultural<br>rent||2,268|1,797|
||Conurzercial<br>rent||4,581|4,943|
||Other property<br>income||1,190|1,192|
||Equity dividends||2,492|3,495|
||Income from fixed|interest stocks|12|121|
||Other investment|income|||
||Bank interest||||
||||10,543|11,548|
||Total Investment<br>income||10,603|11,616|
|5|Other Income||||
||||2021|2020|
||||E'000|E'000|
||Coronavirus<br>Job Retention Scheme claims||73|242|
||Profit on disposal offixed assets||365|396|
||Other miscellaneous|income|38|2|
||||476|640|





|ANALYSIS OF EXPENDIT||URE|||
|---|---|---|---|---|
||||2021|2020|
||||E'000|6'000|
|Charitable<br>expenditure|||||
|Direct staff costs allocated||to:|||
|Teaching, research and|residential||5,170|3,859|
|Public worship|||18|18|
|Other direct costs allocated||to:|||
|Teaching, research and|residential||3,165|2,288|
|Public worship|||53|70|
|Support and governance|costs allocated to:||||
|Teaching, research and|residential||1,250|1,404|
|Public worship|||46|52|
|Total charitable<br>expenditure|||9,702|7,691|
|Expenditure<br>on raising funds|||||
|Direct staff costs allocated||to:|||
|Trading expenditure|||||
|Investment<br>management||costs|85|85|
|Other direct costs allocated||to:|||
|Trading expenditure|||||
|Investment<br>management||costs|1,143|1,162|
|Support and governance|costs allocated to:||||
|Trading expenditure|||||
|Investment<br>management||costs|||
|Total expenditure<br>on raising||funds|1,228|1,247|
|Total expenditure|||10,930|8,938|





## 

|||||Teaching|||
|---|---|---|---|---|---|---|
||||Investment|Research|Public|2021|
||||Management|and Resid.|Worship|Total|
||||6'000|6'000|E'000|6'000|
|Financial|administration|||368||368|
|Human|resources|||22||22|
|||||226||226|
|Depreciation||||574||620|
|Effective|interest payable|||36|||
|Other finance charges|||||||
|Governance||costs||24||24|
|||||1,250|46|1,296|



|||||Teaching|||
|---|---|---|---|---|---|---|
||||Investment|Research|Public|2020|
||||Management|and Resid.|Worship|Total|
||||6'000|6'000|6'000|6'000|
|Financial|administration|||386||386|
|Human|resources|||12||12|
|||||282||282|
|Depreciation||||632|52|684|
|Effective|interest payable|||68||68|
|Other finance charges|||||||
|Governance||costs||24||24|
|||||1,404|52|1,456|



||||||2021|2020|
|---|---|---|---|---|---|---|
||||||6'000|6'000|
|Governance||costs comprise:|||||
|Auditor's|remuneration||- audit services||24||
|Auditor's|remuneration||-tax and other advisory|services|3||
|||||||24|





|GRANTS AND AWARDS|||||2021|2020|
|---|---|---|---|---|---|---|
||||||6'000|E'000|
|During the year the College funded|research awards|and bursaries|from its restricted|and|||
|unrestricted<br>funds as follows:|||||||
|Unrestricted<br>funds|||||||
|Grants to individuals:|||||||
|Scholarships,<br>prizes and grants|||||243|174|
|Grants to other institutions|||||923||
|Total unrestricted|||||1,166|185|
|Restricted funds|||||||
|Grants to individuals:|||||||
|Scholarships,<br>prizes and grants||||||10|
|Grants to other institutions|||||||
|Total restricted||||||10|
|Endowed funds|||||||
|Grants to individuals:|||||||
|Scholarships,<br>prizes and grants|||||||
|Grants to other institutions|||||||
|Total endowed|||||||
|Total grants and awards|||||1,175|195|



## 

|STAFF COSTS|||||
|---|---|---|---|---|
||||2021|2020|
|The aggregate<br>staff costs|for the year were|as follows.|6'000|E'000|
|Salaries and wages|||4,342|4,368|
|Social security costs|||463|444|
|Pension costs (note 25):|||||
|Defined benefit scheme|- ASCSPS||273|330|
|Defined benefit scheme|—USS||715|677|
|Defined benefit scheme|- USS, movement|in provision|(56)|(1,463)|
|Other benefits|||78|87|
||||5,815|4,443|





|The average number|ofemployees|ofthe College, excluding|Fellows,|on a full time equivalent|||
|---|---|---|---|---|---|---|
|basis was as follows.|||||2021|2020|
|Tuition and research|||||8|8|
|College residential|||||39|45|
|Public worship|||||1|1|
|Support|||||18|12|
|Total|||||66||
|The average number|ofemployed|College Fellows during the year was as follows.|||||
|Other teaching and research|||||55|58|
|Other|||||3|3|
|Total|||||58|61|



## 

|Group|Leasehold|Freehold|Plant and|Fixtures,||
|---|---|---|---|---|---|
||land and|land and|machinery|fittings and||
||buildings|buildings||equipment|Total|
||F.'000|E'000|E'000|E'000|E'000|
|Cost||||||
|At start ofyear|736|10,805|1,405|969|13,915|
|Additions||25|25|106|156|
|Disposals||(941)||(11)|(952)|
|At end ofyear|736|9,889|1,430|1,064|13,119|
|Depreciation<br>and impairment||||||
|At start ofyear|722|7,408|1,009|625|9,764|
|Depreciation<br>charge for the year|14|394|102|109|619|
|Depreciation<br>on disposals||(311)||(5)|(316)|
|At end ofyear|736|7,491||729|10,067|
|Net book value||||||
|At end ofyear||2,398|319|335|3,052|
|At start ofyear|14|3,397|396|344|4,151|





|College|Leasehold|Freehold|Plant and|Fixtures,|Fixtures,||
|---|---|---|---|---|---|---|
||land and|land and|machinery|fittings|and||
||buildings|buildings||equipment||Total|
||E'000|f.'000|E'000||E'000|E'000|
|Cost|||||||
|At start ofyear|736|10,803|1,405||967|13,911|
|Additions||25|25||105|155|
|Disposals||(941)|||(11)|(952)|
|At end of year|736|9,887|1,430|1,061||13,114|
|Depreciation<br>and impairment|||||||
|At start ofyear|722|7,407|1,008||625|9,762|
|Charge for the year|14|394|102||109|619|
|On disposals||(311)|||(5)|(316)|
|At end ofyear|736|7,490|1,110||729|10,065|
|Net book value|||||||
|At end of year||2,397|320||332|3,049|
|At start ofyear|14|3,396|397||342|4,149|



## 

|College and Group|Ashmolean|National|British|Museum<br>of|Faculty of||
|---|---|---|---|---|---|---|
||Museum|Gallery|Museum|the History of|Music||
|||||Science||Total|
||E,'000|E'000|E'000|f.'000|E'000|6'000|
|At start ofyear|4,812|1,300|1,020|808||7,947|
|At end ofyear|4,812|1,300|1,020|808||7,947|





## 

|Group||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
||||||Agricultural|Commercial|Other|Total|Total|
||||||E'000|E'000|E'000|E'000|E'000|
|Valuation|at start ofyear||||64,546|132,785|25,628|222,959|214,505|
|Additions||and improvements||at cost|3.223|1,082|2,438|6,743|14,332|
|Disposals|||||(128)|(796)|(3,423)|(4 347)|(1,658)|
|Revaluation||gains/(losses)|in|the year|3,907|5,527|1,062|10,496|(4,220)|
|Valuation||at end of year|||71,548|138,598|25,705|235,851|222,959|
|College||||||||2021|2020|
||||||Agricultural|Commercial|Other|Total|Total|
||||||6'000|6'000|E'000|E'000|E'000|
|Valuation|at start ofyear||||64,546|130,911|25,626|221,083|212,273|
|Additions||and improvements||at cost|3,223|1,082|2,438|6,743|14,332|
|Disposals|||||(128)|(796)|(3,423)|(4 347)|(1,658)|
|Revaluation||gains/(losses)|in|the year|3,907|5,055|1,062|10,024|(3,864)|
|Valuation||at end ofyear|||71,548|136,252|25,703|233,503|221,083|





## 

|All investments<br>are|held at fair value.|||
|---|---|---|---|
|||2021|2020|
|||6'000|F,'000|
|College investments||||
|Valuation<br>at start ofyear||231,436|251,926|
|New money invested||197,418|3,922|
|Amounts<br>withdrawn||(197,786)|(14,696)|
|Reinvested<br>income|||465|
|Increase/(decrease)|in value ofinvestments|48,849|(10,233)|
|College investments|at end ofyear|279,917|231,384|
|Held in subsidiaries||52|52|
|Group investments|at end ofyear|279,969|231,436|



|Group investments|comprise:|Held outside|Held in|2021 Held outside|2021 Held outside|Held in|2020|
|---|---|---|---|---|---|---|---|
|||the UK|the UK|Total|the UK|the UK|Total|
|||E'000|F,'000|F000|6'000|E'000|6'000|
|Equity investments||231,900|14,705|246,605|168,044|31,895|199,939|
|Fixed interest stocks|||5,962|5,962||5,353|5,353|
|Alternative<br>and other investments||10,829||10,829|13,208||13,208|
|Fixed term deposits|and cash||16,573|16,573||12,936|12,936|
|Total group investments||242,729|37,240|279,969|181,252|50,184|231,436|





## 

|Each of the three companies<br>has a subsidiary<br>to manage the rental income from<br>The figures in this note show the Group share ofthe consolidated<br>net assets of|student<br>housing.<br>the six subsidiaries.||
|---|---|---|
||2021|2020|
||6'000|6'000|
|CityBlock (Reading) Limited Group|||
|Share ofgross assets|11,101|10,729|
|Share ofgross liabilities|(9,151)|(9,008)|
||1,950|1721|
|CityBlock (The Gillows) Limited Group|||
|Share ofgross assets|6,199|5,971|
|Share ofgross liabilities|(5,932)|(5,678)|
||267|293|
|CityBlock (Lancaster 6) Limited Group|||
|Share of gross assets|4,101|3,706|
|Share of gross liabilities|(3,973)|(3,846)|
||128|(140)|



## 

|||||All Souls|Chichele|Animarum|
|---|---|---|---|---|---|---|
|||||College|Property|Properties|
||||||Co (ASC)||
|||||F,'000|E'000|6'000|
|Income||||10,460|48|1,097|
|Net Expenditure,|including|investment|gains/(losses)|50,203|(13)|(1,123)|
|Donation to College under||gift aid||42|(42)||
|Result for the year||||60,705|(7)|(26)|
|Total assets||||528,490|49|14,172|
|Total liabilities||||(4,638)|(48)|(14,248)|
|Net funds at the end ofyear||||523,852||(76)|





||||||||Permanent|Permanent|Endowment||Expendable|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Invested||||Endowment|Endowments|
||||||||Endowment|Unapplied|||||
||||||||Capital|Total|Return|Total|||
||||||||6'000||6'000|6'000|E'000|6'000|
|At the beginning<br>of the|year:||||||||||||
|Gift component<br>ofthe permanent||||endowment|||65,398|||65,398||65,398|
|Unapplied<br>total return|||||||||62,967|62,967||62,967|
|Expendable<br>endowment|||||||||||293,457|293,457|
|Total Endowments|||||||65,398||62,967|128,365|293,457|421,822|
|Movements<br>in the reporting||period:|||||||||||
|Gift ofendowment<br>funds|||||||||||||
|Investment<br>return: total|investment||||income||||3223|3,223|7,320|10,543|
|Investment<br>return: realised and|||unrealised|||gains and losses|||17,911|17,911|41,158|59,069|
|Less: Investment<br>management||costs|||||||(374)|(374)|(848)|(1,222)|
|Other transfers|||||||||(12)|(12)|(4)|(16)|
|Total|||||||||20,748|20,748|47,626|68,374|
|Unapplied<br>total return allocated|||to income||||||(3,067)|(3,067)||(3,067)|
|Expendable<br>endowments|transferred||||to income||||||(6,967)|(6,967)|
||||||||||(3,067)|(3,067)|(6,967)|(10,034)|
|Net movements<br>in reporting||period|||||||17,681|17,681|40,659|58,340|
|At end of the reporting|period:||||||||||||
|Gift component<br>ofthe permanent||||endowment|||65,398|||65,398||65,398|
|Unapplied<br>total return|||||||||80,648|80,648||80,648|
|Expendable<br>endowment|||||||||||334,116|334,116|
|Total Endowments|||||||65,398||80,648|146,046|334,116|480,162|
|Seenote 35 (d) for comparative|||amounts.||||||||||





## 

## 

|||||2021|2020|2021|2020|
|---|---|---|---|---|---|---|---|
|||||Group|Group|College|College|
|||||E'000|6'000|E'000|6'000|
|Amounts|falling due within||one year:|||||
|Trade debtors||||1,724|1,733|1,695|1722|
|Amounts|owed|by College members||41|18|35|18|
|Amounts|owed|by Group undertakings||||160|124|
|Loans repayable||within<br>one|year||5||5|
|Prepayments<br>and accrued income||||61|129|61|113|
|Other debtors||||119|130|119|130|
|Amounts|falling due after more than one year:|||||||
|Loans||||||||
|||||1,955|2,020|2,079|2,117|



## 

|CREDIT|ORS: falling due within one year|||||
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||Group|Group|College|College|
|||E'000|6'000|F,'000|E'000|
|Trade creditors||63|226|63|226|
|Amounts|owed to Group undertakings|||||
|Taxation|and social security|345|388|344|388|
|Accruals|and deferred income|397|381|382|367|
|Other creditors||351|165|316|163|
|||1,156|1,160|1,105|1,144|



## 

|||2021|2020|2021|2020|
|---|---|---|---|---|---|
|||Group|Group|College|College|
|||E'000|E'000|6'000|6'000|
|Other|creditors|1,102|369|1,102|369|
|||1,102|369|1,102|369|





## 

|ANALYSIS OF M||OVEM|ENTS ON FUNDS|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||At 1August|Incoming|Resources||Gains/|At 31July|
|||||2020|resources|expended|Transfers|(losses)|2021|
|||||E,'000|6'000|F.'000|6'000|6'000|f,'000|
|Endowment<br>Funds||- Permanent||||||||
|General||||127,760|3,208|(372)|(3,053)|17,827|145,370|
|Evans-Pritchard||||271|7|(5)|(6)|38|305|
|Penhow||||173||(9)|(4)|24|188|
|Lee Lectureship||||151|||(4)|21|172|
|Feinstein||||10||||1||
|Endowment<br>Funds||- Expendable||||||||
|General||||291,583|7,320|(852)|(6,967)|40,686|331,770|
|Total Endowment||Funds|- College|419,948|10,543|(1,238)|(10,034)|58,597|477,816|
|Endowment<br>funds||held by subsidiaries||1,874||||472|2,346|
|Total Endowment||Funds|—Group|421,822|10,543|(1,238)|(10,034)|59,069|480,162|
|Restricted Funds||||||||||
|Sparrow||||884|22|(36)|(19)|100||
|Library General Fund||||801|21|(2)||93|913|
|Wentworth<br>Kelly||||457|11|(1)||53|520|
|Brownlie||||71|2|||8|81|
|Neill||||59|1|||6|66|
|Wren||||49|1|(2)||6|54|
|Ford Fund||||52|1|(7)||6|52|
|Humphries<br>Fund||||23|2|(1)||3|27|
|Small Library Funds||||5||||||
|Total Restricted Funds -|||College and Group|2,401|61|(49)|(19)|275|2,669|
|Restricted funds held by|||subsidiaries|||||||
|Total Restricted Funds -|||College and Group|2,401|61|(49)|(19)|275|2,669|
|Unrestricted<br>Funds||||||||||
|Designated<br>Heritage Assets Reserve||||7,948|||||7,948|
|Other Designated|funds|||28|||||29|
|General funds||||36,322|1,018|(9,602)|10,053||37,791|
|Pension reserve||||(3,075)||(8)||652|(2,431)|
|Total Unrestricted||'Funds|-College|41,223|1,018|(9,610)|10,053|653|43,336|
|Unrestricted<br>funds||held by subsidiaries||(42)||(33)|||(75)|
|Total Unrestricted||Funds|- Group|41,180|1,018|(9,643)|10,053|653|43,261|
|Total Funds||||465,403|11,622|(10,930)||59,997|526,092|





## 

## 

|The following|The following||is a|summary|ofthe origins and purposes<br>of each ofthe Funds|||||
|---|---|---|---|---|---|---|---|---|---|
|Endowment||Funds - Permanent:||||||||
|General|||||A consolidation<br>of gifts and donations<br>where income, but not capital, can be|||||
||||||used for the general purposes<br>ofthe charity|||||
|Evans-Pritchard|||||The capital balance of a past donation<br>where related||income, but not the|original||
||||||capital, can be used for the provision of a lectureship.|||||
|Penhow|||||The capital balance of a past donation<br>where related||income, but not the|original||
||||||capital, can be used for the purchase<br>of advowsons|and for the advancement|||of|
||||||learning.|||||
|Lee Lectureship|||||The capital balance ofa past donation<br>where related||income, but not the|original||
||||||capital, can be used for the provision<br>of a lectureship.|||||
|Feinstein|||||The capital balance of a past donation<br>where related||income, but not the|original||
||||||capital, can be used to fund the Feinstein Prize in Economic History.|||||
|Endowment||Funds - Expendable:||||||||
|General|||||A consolidation<br>ofgifts and donations<br>where either|income, or income and capital,||||
||||||can be used for the general purposes<br>ofthe charity|||||
|Restricted Funds:||||||||||
|Heritage Asset|||Reserve||These funds have been reclassified<br>as Designated<br>Funds from 1st August|||2018.||
|Sparrow|||||A donation<br>specifically<br>given to the Library where both income and capital|||||
||||||can be used.|||||
|Library General|||||A consolidation<br>ofsmaller gifts and donations<br>where||both income and capital|||
||||||can be used for general purposes by the Library.|||||
|Wentworth|Kelly||||A donation<br>specifically<br>given to further research in|European,<br>Mediterranean||||
||||||and Near Eastern medieval<br>history.|||||
|Brownlie|||||A donation specifically<br>given to provide electronic resources for the study of||||Law.|
|Small Library||Funds|||A consolidation<br>ofsmaller gifts and donations<br>(under||620,000)where both|||
||||||income and capital can be used for specific purposes||within the Library.|||
|Neill|||||For the provision oflaw lectures or concerts to commemorate<br>the|||||
||||||Wardenship<br>ofthe late Lord Neilh|||||
|Wren|||||For the conservation<br>and remounting<br>ofthe Christopher<br>Wren drawings|||held||
||||||in the Library.|||||
|Ford|||||For the provision<br>ofgrants for the relief ofhardship,||specifically for non-|||
||||||academic staff.|||||
|Humphries|||||For the provision of an annual prize to Masters students<br>in Economic and|||Social||
||||||History.|||||
|Unrestricted||Funds:||||||||
|Heritage Asset|||Reserve||Designated<br>Funds represented<br>by the value of the Heritage Assets in the|||Balance||
||||||Sheet. Due to the historic provenance<br>ofthe heritage||assets and the lack ofevidence|||
||||||of any specific restriction<br>on how they can be used,|these funds have been classified||||
||||||as designated<br>to be available<br>for public display with||effect from 1st August 2018.|||
|Other Designated||||Funds|General donations<br>received by the College that have||been designated<br>for|||
||||||Library purposes<br>by the Governing<br>Body.|||||





## 

|||||Unrestricted|Restricted|Endowment|2021|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Total|
|||||6'000|E'000|6'000|f.'000|
|Tangible|fixed assets|and heritage|assets|10,999|||10,999|
|Property|investments|||||235,851|235,851|
|Other investments||||32,699|2,669|244,601|279,969|
|Net current assets||||2,806|||2,806|
|Long term liabilities||and pension|liability|(3,243)||(290)|(3,533)|
|||||43,261|2,669|480,162|526,092|
|||||Unrestricted|Restricted|Endowment|2020|
|||||Funds|Funds|Funds|Total|
|||||E'000|E'000|E'000|6'000|
|Tangible|fixed assets|and heritage|assets|12,098|||12,098|
|Property|investments|||||222,959|222,959|
|Other investments||||29,803|2,401|199,232|231,436|
|Net current assets||||2,354|||2,354|
|Long term liabilities||and pension|liability|(3,075)||(369)|(3444)|
|||||41,180|2,401|421,822|465,403|





|Remuneration<br>paid to Governing|Body Fellows during<br>the year|||||
|---|---|---|---|---|---|
||2021|2020||2021|2020|
|||||Gross remuneration,||
||Number of|Number|of|taxable benefits|and|
|Range|Fellows'|Fellows'||pension contributions||
|f.0||||||
|61-6999|||14|3,201|7,202|
|f1,000-61,999||||17,294|11,384|
|62,000-62,999||||2,275|14,530|
|63,000-f3,999||||10,081|3,203|
|64,000-F4,999||||17,740||
|65,000-65,999||||11,693||
|66,000-66,999||||20,759|6,944|
|f7,000-F7,999|||||7,474|
|69,000-f9,999||||9,126|9,595|
|610,000-610,999||||10,536|10,665|
|fl1,000-611,999|||||22,895|
|F13,000-613,999|||||13,883|
|F14,000-614,999||||14,925|29,209|
|f15,000-615,999||||15,899||
|f16,000-616,999||||16,735|16,735|
|621,000-621,999||||21,738|64,630|
|622,000-f22,999||||22,755||
|623,000-f23,999||||23,645|23,341|
|627,000-f27,999|||||27,032|
|628,000-628,999||||28,049||
|631,000-631,999|||||31,977|
|634,000-634,999||||34,412||
|636,000-636,999|||||36,085|
|637,000-637,999||||37,878||
|638,000-638,999|||||76,658|
|639,000-639,999||||39,578|78,036|
|640,000-640,999|||||40,378|
|f41,000-641,999||||41,424|41,565|
|f42,000-642,999||||126,409|42,697|
|f43,000-643,999||||43,002|130,341|
|F44,000-F44,999||||44,098|44,333|
|F46,000-f46,999||||46,214|187,340|
|647,000-647,999|||||47,643|
|648,000-648,999||||48,160||
|649,000-649,999|||||49,614|
|651,000-651,999||||51,847||
|654,000-654,999||||54,243||
|656,000-656,999||||56,476|112,973|
|657,000-657,999||||114,438||
|659,000-659,999||||59,478||
|678,000-678,999|||||78,536|
|680,000-680,999||||80,351||
|681,000-681,999|||||81,750|
|682,000-682,999||||82,925||





## 

||2021||2020||2021|2020|
|---|---|---|---|---|---|---|
||||||Gross remuneration,||
||Number|of|Number|of|taxable benefits and||
||Fellows'||Fellows'||pension contributions||
|692,000-692,999|||||92,209||
|6103,000-F103,999|||||103,724||
|6111,000-6111,999||||||111,294|
|6116,000-6116,999||||||116,550|
|F127,000-6127,999||||||127,712|
|f128,000-6128,999|||||128,699|128,318|
|6130,000 - 6130,999|||||130,471|130,079|
|6132,000 - 6132,999|||||132,026||
|6133,000 - 6133,999||||||133,392|
|F134,000 - 6134,999|||||134,188||
|6135,000 - F135,999|||||135,983|135,647|
|6136,000 - F136,999|||||273.312|409,012|
|6138,000 - 6138,999|||||277,222|138,378|
|6141,000 - F141,999|||||283,020|141,157|
|F142,000 - F142,999||||||142,931|
|F143,000 - F143,999|||||143,804||
|F145,000 - 6145,999|||||145,586||
|F146,000 - F146,999|||||146,511||
|6147,000 - 6147,999||||||147,690|
|6149,000 - 6149,999||||||149,042|
|6180,000 - 6180,999|||||180,033|180,199|
|||||91|3,514,172|3,540,049|





## 

## 



## 

||||2021|2020|2019|2018|2017|
|---|---|---|---|---|---|---|---|
|Discount rate|||1.55'/o|1.30'/o|2.20oo|2.80'/o|2.70'/o|
|Rate ofincrease in salaries|||2.70'/o|2.45'/o|4.60'/o|4.50'/o|4.50'/o|
|Rate ofincrease of pensions|in payment|(RPI)|3.50'/o|2.65'/o|3.60'/o|3.50'/o|3.50'/o|
|Rate ofincrease ofpensions|in deferment|(CPI)|2.70'/o|2.45'/o|2.80'/o|2.70'/o|2.70'/o|



|||||||2021|2020|||
|---|---|---|---|---|---|---|---|---|---|
|||||||F'000|E'000|||
|Employer<br>contributions||in the year||||209|128|||
|Current Service Cost||||||(220)|(285)|||
|Net Service (Cost)|||||||(157)|||
|Interest on assets||||||115|203|||
|Interest on liabilities||||||(134)|(229)|||
|Net Interest (Cost)||||||(19)|(26)|||
|Movement<br>in Deficit|||||2021|||2020||
||||||F.'000|6'000|F.'000||E'000|
|(Deficit) at beginning|of|year||||(1,571)|||(1,252)|
|Current<br>service cost|||||(220)||(285)|||
|Employer<br>Contributions|||||209||128|||
|Expenses paid by scheme|||||(34)||(19)|||
|Net interest (cost)|||||(19)||(26)|||
||||Net (charge)|to employer||(64)|||(202)|
|Return on Scheme assets|||less liabilities||1,401||(518)|||
|Change in defined benefit obligation||||due to assumptions|-749||401|||
|||Net actuarial||gains/(losses)||652|||(117)|
|(Deficit) at end ofyear||||||(983)|||(1,571)|





|Movements<br>in fair|va|lue of asset|s and scheme liabilities<br>(ASCSPS):|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||6'000|E'000|
|Fair value of assets at||the start of|the year|8,847|9,267|
|Interest on assets||||115|203|
|Employer<br>contributions||||209|128|
|Employee<br>Additional||Voluntary|Contributions|27|30|
|Benefits paid||||(219)|(244)|
|Expenses paid by scheme||||(34)|(19)|
|Return on assets less interest||||1,401|(518)|
|Fair value of assets|at|the end of the year||10,346|8,847|
|||||2021|2020|
|||||f,'000|E'000|
|Value ofliabilities<br>at the start of the year||||(10,418)|(10,519)|
|Current service cost||||(220)|(285)|
|Employee Additional||Voluntary|Contributions|(27)|(30)|
|Interest cost||||(134)|(229)|
|Benefits Paid||||219|244|
|Changes to financial|assumptions|||(749)|401|
|Value of liabilities|at|the end of|the year|(11,329)|(10,418)|



## 

|required<br>by|FRS102for ASC|SPS and the USS deficit recovery provision,<br>as follows:|||
|---|---|---|---|---|
||||2021|2020|
||||6'000|6'000|
|Universities|Superannuation|Scheme (USS)|659|(786)|
|All Souls College Staff Pension Scheme (ASCSPS)|||273|330|
||||932|(456)|



|The pension deficit liabilities<br>in the Balance Sheet are:|||
|---|---|---|
||2021|2020|
||8000|6'000|
|All Souls College Staff Pension Scheme|983|1,571|
|USSpension liability|1,448|1,504|
||2,431|3,075|





## 

## 

|||||||2021|2020|2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||Group|Group|College|College|
|||||||E'000|E'000|E'000|8'000|
|Financial|assets measured|at|amortised|cost||3,330|2,797|3,282|2,768|
|Financial|liabilities measured||at amortised||cost|(414)|(391)|(379)|(389)|
|Financial|assets measured|at|fair value|||279,969|231,436|279,917|231,384|
|Financial|liabilities measured||at fair value|||(3,533)|(3,444)|(3,533)|(3,444)|



||||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Interest|Interest|Gains /|Interest|Interest|Gains /|
|||||||Income|(Expense)|(losses)|Income|(Expense)|(losses)|
|||||||E'000|E'000|E'000|F.'000|E'000|E'000|
|Financial|assets measured|at|fair value|through||||48,849|||(10,233)|
|SOFA||||||||||||
|Financial|liabilities measured||at fair value||through||(36)|||(68)||
|SOFA||||||||||||
|Financial|assets measured|at|amortised|cost||||||||
|Financial|liabilities measured||at amortised||cost|||||||





## 

|RECONCILIATION|OF NET INCOMING<br>RESOURCES TO|OF NET INCOMING<br>RESOURCES TO|||
|---|---|---|---|---|
|NET CASH FLOW|FROM OPERATIONS||2021|2020|
||||Group|Group|
||||6'000|f.'000|
|Net income/(expenditure)|||60,037|(10,540)|
|Elimination<br>ofnon-operating||cash flows:|||
|Investment<br>income|||(10,603)|(11,616)|
|Losses/(gains)<br>on investments|||(59,345)|14,453|
|Depreciation|||619|684|
|(Surplus) on sale of fixed assets|||(364)|(395)|
|Decrease/(Increase)|in stock||17|(10)|
|Decrease/Increase)|in debtors||65|(174)|
|Increase/(Decrease)|in creditors||729|(370)|
|Increase/(Decrease)|in pension|scheme liabilities before gains|8|(1,214)|
|Net cash (used in)|operating|activities|(8,837)|(9,182)|



|||2021|2020|
|---|---|---|---|
|||6'000|6'000|
|Cash|at bank and in hand|1,436|906|
|Total|cash and cash equivalents|1,436|906|



## 

|2021|2020|
|---|---|
|E'000|6'000|



## 



## 

||||2021|2020|
|---|---|---|---|---|
||||8000|6'000|
|Professor|S.Bobzien||338|338|
|Professor <br>Professor|C.Trifogli<br> F.Brown||78|78<br>473|
|Professor|P.Fendley|||340<br>125|
|Professor|I.Loader||||
|College|share of the equity of properties|owned jointly with Fellows|416|1,354|



## 

## 



## 

||||||Unrestricted|Restricted|Endowed|2020|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|Funds|Total|
|||||Notes|f.'000|6'000|E,'000|6'000|
|INCOME AND ENDOWMENTS|||FROM:||||||
|Charitable<br>activities:|||||||||
|Teaching, research and|residential||||537|||537|
|Other Trading Income|||||50|||50|
|Donations<br>and legacies|||||8|||8|
|Investments|||||||||
|Investment<br>income||||||66|11,548|11,616|
|Total return allocated to income|||||9,176||(9,176)||
|Other income|||||640|||640|
|Total income|||||10,413|66|2,372|12,851|
|EXPENDITURE ON:|||||||||
|Charitable<br>activities:|||||||||
|Teaching, research and|residential||||7,531|14|6|7,551|
|Public worship|||||130||10|140|
|Generating<br>funds:|||||||||
|Trading expenditure|||||||||
|Investment<br>management||costs|||||1,240|1,247|
|Total Expenditure||||6,7|7,661|21|1,256|8,938|
|Net Income before gains|||||2,752|45|1,116|3,913|
|Net losses on investments||||12I13||(57)|(14,396)|(14,453)|
|Net Income|||||2,752|(12)|(13,280)|(10,540)|
|Transfers between funds|||||||||
|Other recognised<br>(losses)/gains|||||||||
|Actuarial(losses)/gains|on defined||benefit pension|schemes||||(11'7)|
|Net movement<br>in funds||for the year|||2,635|(12)|(13,280)|(10,657)|
|Fund balances brought|forward||||38,545|2,413|435,102|476,060|
|Funds carried forward|at 31July||||41,180|2,401|421,822|465,403|





## 

|Group|||||||2020|
|---|---|---|---|---|---|---|---|
|||||Agricultural|Commercial|Other|Total|
|||||E'000|E'000|E'000|8000|
|Valuation|at start ofyear|||63,505|125,624|25,376|214,505|
|Additions||and improvements|at cost|300|14,032||14,332|
|Disposals||||(103)|(985)|(570)|(1,658)|
|Revaluation||losses in the year||844|(5,886)|822|(4,220)|
|Valuation||at end ofyear||64,546|132,785|25,628|222,959|
|College|||||||2020|
|||||Agricultural|Commercial|Other|Total|
|||||E.'000|E'000|E'000|E'000|
|Valuation|at start ofyear|||63,505|123,394|25,374|212.273|
|Additions||and improvements|at cost|300|14,032||14,332|
|Disposals||||(103)|(985)|(570)|(1,658)|
|Revaluation||losses in the year||844|(5,530)|822|(3,864)|
|Valuation||at end ofyear||64,546|130,911|25,626|221,083|



## 

||||All Souls|Chichele|Animarum|
|---|---|---|---|---|---|
||||College|Property|Properties|
|||||Co (ASC)||
||||E'000|E'000|E'000|
|Income, including|investment|gains|11,682|50|1,119|
|Net Expenditure|||(22,366)|(6)|(1,136)|
|Donation to College under gift||aid|44|(44)||
|Result for the year|||(10,640)||(17)|
|Total assets|||468,156|34|13,870|
|Total liabilities|||(4,588)|(25)|(13,921)|
|Net funds at the end ofyear|||463,568||(51)|





|STATEMENT OF|INVE|ST|ME|NT||TOTAL|RETURN -NOTE|16||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||2020|
|||||||||Permanent||Endowment||Expendable|Total|
|||||||||Invested||||Endowment|Endowments|
|||||||||Endowment|Unapplied|||||
|||||||||Capital|Total|Return|Total|||
|||||||||E'000||6'000|6'000|6'000|6'000|
|At the beginning|of the|year:||||||||||||
|Gift component<br>of|the permanent||||endowment|||65,398|||65,398||65,398|
|Unapplied<br>total return||||||||||66,929|66,929||66,929|
|Expendable<br>endowment||||||||||||302,775|302,775|
|Total Endowments||||||||65,398||66,929|132,327|302,775|435,102|
|Movements<br>in the|reporting||period:|||||||||||
|Gift ofendowment|funds|||||||||||||
|Investment<br>return:|total|investment||||income||||3,529|3,529|8,019|11,548|
|Investment<br>return:|realised||and|unrealised|||gains and losses|||(4,291)|(4,291)|(10,105)|(14,396)|
|Less: Investment<br>management||||costs||||||(379)|(379)|(861)|(1,240)|
|Other transfers||||||||||(16)|(16)||(16)|
|Total||||||||||(1,157)|(1,157)|(2,947)|(4,104)|
|Unapplied<br>total return allocated to income||||||||||(2,805)|(2,805)||(2,805)|
|Expendable<br>endowments||transferred||||to income||||||(6,371)|(6,371)|
|||||||||||(2,805)|(2,805)|(6,371)|(9,176)|
|Net movements<br>in reporting|||period|||||||(3,962)|(3,962)|(9,318)|(13,280)|
|At end of the reporting||period:||||||||||||
|Gift component<br>of|the permanent||||endowment|||65,398|||65,398||65,398|
|Unapplied<br>total return||||||||||62,967|62,967||62,967|
|Expendable<br>endowment||||||||||||293,457|293,457|
|Total Endowments||||||||65,398||62,967|128,365|293,457|421,822|





## 

## 

|ANALYSIS OF M||OVE|MENTS ON FUNDS -|NOTE 21||||||
|---|---|---|---|---|---|---|---|---|---|
|||||At 1August|Incoming|Resources||(Losses)/|At 31July|
|||||2019|resources|expended|Transfers|gains|2020|
|||||E'000|E'000|E'000|E.'000|E'000|E'000|
|Endowment<br>Funds||- Permanent||||||||
|General||||131,686|3,513|(377)|(2,792)|(4,270)|127,760|
|Evans-Pritchard||||284|7|(4)|(6)|(10)|271|
|Penhow||||188||(10)|(4)|(6)|173|
|Lee Lectureship||||159||(4)|(3)|(5)|151|
|Feinstein||||10|||||10|
|Endowment<br>Funds||- Expendable||||||||
|General||||300,545|8,019|(861)|(6,371)|(9,749)|291,583|
|Total Endowment||Funds - College||432,872|11,548|(1,256)|(9,176)|(14,040)|419,948|
|Endowment<br>funds||held|by subsidiaries|2,230||||(356)|1,874|
|Total Endowment||Funds - Group||435,102|11,548|(1,256)|(9,176)|(14,396)|421,822|
|Restricted Funds||||||||||
|Sparrow||||885|24|(23)||(21)|865|
|Library General Fund||||800|22|(2)||(19)|801|
|Wentworth<br>Kelly||||456|13|(1)||(11)|457|
|Small Library Funds||||79|1|(2)||(2)|76|
|Neill||||60|2|(2)||(1)|59|
|Wren||||58|2|(10)||(1)|49|
|Ford Fund||||52|1|||(1)|52|
|Humphries<br>Fund||||23|1|||(1)|23|
|Total Restricted Funds|||- College and Group|2,413|66|(21)||(57)|2,401|
|Restricted<br>funds held by subsidiaries||||||||||
|Total Restricted Funds|||—College and Group|2,413|66|(21)||(57)|2,401|
|Unrestricted<br>Funds||||||||||
|Designated<br>Heritage Assets Reserve||||7,947|||||7,947|
|Other Designated|funds|||28|||||28|
|General funds||||34,767|1,237|(8,858)|9,176||36,322|
|Pension reserve||||(4,172)||1,214||(117)|(3,075)|
|Total Unrestricted||Funds - College||38,570|1,237|(7,644)|9,176|(117)|41,222|
|Unrestricted<br>funds||held|by subsidiaries|(25)||(17)|||(42)|
|Total Unrestricted||Funds - Group||38,545|1237|(7,661)|9,176|(117)|41,180|
|Total Funds||||476,060|12,851|(8,938)||(14,570)|465,403|