|||Table of Contents|Table of Contents|Table of Contents||
|---|---|---|---|---|---|
|REPORT OF THE GOVERNING|BODY|||||
|INTRODUCTION||||||
|OBJECTIVESAND ACTIVITIES||||||
|Charitable<br>Objects and Aims||||||
|Activities and objectives of the College||||||
|ACHIEVEMENTS AND PERFORMANCE||||||
|FUTURE PLANS||||||
|STRUCTURE, GOVERNANCE|AND MANAGEMENT|||||
|Governing<br>documents||||||
|Governing<br>Body||||||
|Recruitment<br>and training<br>of Members of|||the|Governing<br>Body||
|Remuneration<br>ofMembers ofthe Governing||||Body and Senior College Staff||
|Organisational<br>management||||||
|Group structure<br>and relationships||||||
|Risk management|||||10|
|FINANCIAL REVIEW|||||10|
|Reserves policy||||||
|Investment<br>policy, objectives and||performance|||12|
|Fundraising|||||12|
|Statement ofthe Governing<br>Body's responsibilities|||||12|
|SUMMARY OF FELLOWS' ACTIVITIES|||IN|THE YEAR TO 31JULY 2022|13|
|Senior Research Fellows|||||13|
|University<br>Academic Fellows|||||16|
|Examination<br>Fellows|||||19|
|Post-Doctoral Fellows|||||21|
|Other Fellows|||||24|
|Honorary<br>and Emeritus Fellows|||||25|
|Visiting Fellows|||||29|
|REFERENCE AND ADMINISTRATIVE|||INFORMATION||32|





|MEMBERS OF THE GOVERNING BODY|32|
|---|---|
|COLLEGE ADVISERS|35|
|INDEPENDENT<br>AUDITOR'S REPORT TO THE MEMBERS OF THE GOVERNING|36|
|BODYOF ALL SOULS COLLEGE||
|PRINCIPAL ACCOUNTING<br>POLICIES|41|
|CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES|49|
|CONSOLIDATED AND COLLEGE BALANCE SHEETS|50|
|CONSOLIDATED STATEMENT OF CASH FLOWS|51|
|NOTES TO THE FINANCIAL STATEMENTS|52|





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||||||||+||0||8|U||U|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||Cl|U||
||||||||o|ta|||0||||
|||||||'a|'d|OJ||6||an|co|C|
|||||||0<br>U|0||E<br>at|n|ao|ta<br>E|cto|E<br>0|
|||||||||||||U|||
|Jolm Vickers||Warden|||||5/5||||||||
|Noel Malcolm||C arne rarius|||||5/5||||||||
|David Renton||Estates Bursar|||||5/5||||||||
|Thomas Seaman||Estates Bursar. Retired 30Sep. 21|||||0/0||||||||
|Rima Dapous||Domestic Bursar|||||5/5||||||||
|Catherine<br>Mor an||Academic Secretar|||||5/5||||||||
|John Drear||Cha<br>lain|||||5/5||||||||
|Cecilia He es||Senior Dean|||||5/5||||||||
|Lucia Zedner||Dean ofVFs|||||4/5||||||||
|David Pannick|||||||5/5||||||||
|William Walde|rave||||||4/5||||||||
|Cecilia Trifo<br>li|||||||5/5||||||||
|Pere<br>rine Horden||Fellow Librarian|||||4/5||||||||
|Andrew<br>Wilson||Sub-Warden|||||3/4||||||||
|Ian Loader|||||||4/5||||||||
|Colin Burrow|||||||5/5||||||||
|Jolua Redwood|||||||5/5||||||||
|Launcelot Henderson|||||||5/5||||||||
|David Gellner|||||||4/5||||||||
|An ela McLean|||||||5/5||||||||
|Katherine<br>Rundell|||||||5/5||||||||
|Suzanne<br>Ai rain|||||||2/5||||||||
|Mark Armstron||Financial Delegate 21-22.Resigned|||31Jul. 22||5/5||||||||
|Alexandra<br>Mullen|||||||5/5||||||||
|Frederick Wilmot-Smith||Intermitted||IAu .—31Dec.21|||3/3||||||||
|Geor eWoudhu|sen||||||5/5||||||||
|Neil Kenn||Sabbatical for the<br>ear 21-22|||||0/0||||||||
|Clare Bucknell|||||||4/5||||||||
|Susanne Bobzien|||||||3/5||||||||
|Catherine<br>Red well||Resigned 30Sep. 22|||||4/5||||||||
|Beata Javorcik||Intermitted||1Se .19 - 31Au|.22||0/0||||||||
|Paul Fendle||Dean ofVFs||- Jun. 22|||5/5||||||||
|Cecile Fabre||Steward ofCommon Room|||||5/5||||||||
|Tess Little||250Fellow from Jun. 22-|||||||||||||
|Max Harris||Fellowshi|ex ired on 6 Nov.||21||0/0||||||||
|Francis Brown|||||||4/5||||||||
|Wolf an<br>Ernst|||||||5/5||||||||
|Peter Wilson|||||||2/5||||||||
|Dmitri Levitin||250Fellow from Jun. 22-|||||0/0||||||||
|Phili<br>Nothaft|||||||5/5||||||||





||||||||||8|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Ql|p<br>D||U|U|
|||||||p<br>Z|p||p|oo||
|||||||QJ||E4<br>R!|bo|60|rup|
|||||||||||U||
|Erik Panzer||||||5/5||||||
|Catriona Seth||Kitchen Steward||||2/5||||||
|Hasan Dind'er||Resi ned|31Au|21||0/0||||||
|Andrew W nn Owen||||||4/5||||||
|Claire Hall||Secreta|to GPC|||5/5||||||
|Diwakar Achar|a|||||4/5||||||
|Julia Smith||Garden Fellow||||4/5||||||
|Ruth Harris||||||4/5||||||
|Ian Rumfitt||||||5/5||||||
|Katherine Backler||Resi ned|30Se .|22||5/5||||||
|Sarah Bufkin||||||5/5||||||
|Lisa Lodwick (dec.)||Intermitted|I A r.21 - 1Jan. 22|||2/3||||||
|Jasmine Nirod||||||3/5||||||
|Srikanth To<br>aladoddi||Resi ned|30 Jun.|22||5/5||||||
|Ross Anderson||Junior Dean|(Fellowship||expired 30Sep. 22)|5/5||||||
|Fitzro<br>Morrisse||Financial|Dele ate Oct. 20 - Se .23|||5/5||||||
|David Addison||Secretar|to SGM|||5/5||||||
|Stathis Kal<br>as||||||5/5||||||
|Gavin Salam||||||5/5||||||
|Lucia Prauscello||||||2/5||||||
|Ma a Krislman||||||5/5||||||
|John Merrin<br>ton||||||5/5||||||
|Santanu Das||Diversit|Fellow|||5/5||||||
|Marina Warner||||||5/5||||||
|Anne-Mar<br>aret Wolf||||||5/5||||||
|Rachel Br an||||||5/5||||||
|Karolina Watroba||||||5/5||||||
|K le Pratt||||||5/5||||||
|Alexander<br>Geor|iou|||||4/5||||||
|Chun Hin Lucas|Tse|||||5/5||||||
|Amia Srinivasan||||||4/5||||||
|Vladimir Markovic||||||5/5||||||
|Justin Stover||||||3/5||||||
|Timothy Endicott||||||5/5||||||
|Sheilagh, Ogilvie||||||4/5||||||
|Miriam Meyerhoff||||||5/5||||||
|Paul Seabright||||||5/5||||||
|Rustam Jamilov||Oct. 21-||||5/5||||||
|Chris Scambler||Oct. 21-||||5/5||||||
|Alison John||Oct. 21-||||5/5||||||
|Alexandros<br>Hollender||Oct. 21-||||5/5||||||
|Takato Yoshimura||Oct. 21-||||5/5||||||
|Damian Maher||Nov.21-||||4/4||||||
|Jane Cooper.||Nov. 21-||||4/4||||||
|Debin Ma||Jan. 22-||||2/2||||||
|Moncrieff, Ross||April 22-||||||||||
|Other Committee|Membe|rs (not Trustees)||||||||||
|Robin Bri<br>s||Emeritus Fellow||||||||||
|Ian Maclean||Emeritus Fellow||||||||||
|James Malcomson||Emeritus Fellow||||||||||
|Keith Thomas||Honora|Fellow|||||||||
|John Landers||Former Fellow (Chair)||||||||||
|Ewen Cameron Watt||External Member||||||||||
|Jerem<br>Lar e||External Member||||||||||
|Geor eAnson||External Member||||||||||








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|idual|value, in equal annual i|nstalments|over their expected|useful economic lives|
|---|---|---|---|---|
||Freehold properties,|including|major extensions|20years|
||Leasehold properties|||over period oflease|
|C.|Building improvements|||20years|
|d.|Equipment|||3 —8years|





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## 

|||||Unrestricted|Restricted|Endowed|2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Total|Total|
||||Notes|E'000|6'000|E'000|6'000|6'000|
|INCOME AND ENDOWMENTS FROM:|||||||||
|Charitable<br>activities:|||||||||
|Teaching, research and residential||||481|||481|487|
|Other Trading Income||||73|||73|48|
|Donations<br>and legacies||||1|||1|8|
|Investments|||||||||
|Investment<br>income||||||9,515|9,568|10,603|
|Total return<br>allocated|to income||16|10,511||(10,511)|||
|Other income|||5|288|||288|476|
|Total income||||11,354|53|(996)|10,411|11,622|
|EXPENDITURE ON:|||||||||
|Charitable<br>activities:|||||||||
|Teaching, research and residential||||12,679||16|12,736|9,585|
|Public worship||||141|||141|117|
|Heritage|||||||||
|Generating<br>funds:|||||||||
|Investment<br>management||costs|||8|1,516|1,524|1,228|
|Total Expenditure|||6,7|12,820|49|1,532|14,401|10,930|
|Net (Expenditure)/Income|before gains|||(1,466)|4|(2,528)|(3,990)|692|
|Net gains on investments|||12,13||20|23,592|23,612|59,345|
|Net (Expenditure)/Income||||(1,466)|24|21,064|19,622|60,037|
|Other recognised<br>gains|||||||||
|Actuarial<br>gains on defined benefit pension schemes|||25|890|||890|652|
|Net movement<br>in funds for the year||||(576)|24|21,064|20,512|60,689|
|Fund balances brought forward|||21|43,261|2,669|480,162|526,092|465,403|
|Funds carried forward<br>at 31July||||42,685|2,693|501,226|546,604|526,092|





|||||2022|2021|2022|2021|
|---|---|---|---|---|---|---|---|
|||||Group|Group|College|College|
||||Notes|C000|E'000|E'000|E'000|
|FIXEDASSETS||||||||
|Tangible assets|||10|2,703|3,052|2,701|3,049|
|Heritage assets|||11|7,947|7,947|7,947|7,947|
|Property<br>investments|||12|253,941|235,851|250,340|233,503|
|Other Investments|||13|284,715|279,969|284,682|279,917|
|Total Fixed Assets||||549,306|526,819|545,670|524,416|
|CURRENT ASSETS||||||||
|Stocks||||571|571|574|571|
|Debtors|||17|1,660|1,955|1,858|2,079|
|Ilavestmellls||||||||
|Cash at bank and|in|hand||1,597|1,436|1,528|1,424|
|Total Current Assets||||3,828|3,962|3,960|4,074|
|LIABILITIES||||||||
|Creditors: Amounts||falling due within one year|18|1,172|1,156|1,158|1,105|
|NET CURRENT ASSETS||||2,656|2,806|2,802|2,969|
|TOTAL ASSETSLESSCURRENT LIABILITIES||||551,962|529,625|548,472|527,385|
|CREDITORS: Amounts|falling due after more than one year||19|1,005|1,102|1,006|1,102|
|NET ASSETSBEFOREPENSION LIABILITY||||550,957|528,523|547,466|526,283|
|Defined benefit pension||scheme liabilities|25|4,353|2,431|4,352|2,431|
|TOTAL NET ASSETS||||546,604|526,092|543,114|523,852|
|FUNDS OF THE COLLEGE|||21|||||
|Endowment<br>funds||||501,226|480,162|497,630|477,816|
|Restricted funds||||2,693|2,669|2,693|2,669|
|Unrestricted<br>funds||||||||
|Designated<br>funds||||7,976|7,976|7,976|7,976|
|General funds||||39,062|37,716|39,167|37,822|
|Pension reserve|||25|(4,353)|(2,431)|(4,352)|(2,431)|
|||||546,604|526,092|543,114|523,852|





|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||||Notes|F'000|f'000|
|Net cash (used in) operating<br>activities|||||28|(10,282)|(8,837)|
|Cash flows from investing<br>activities||||||||
|Dividends,<br>interest and rents from|investments|||||9,568|10,603|
|Proceeds from the sale ofproperty,|plant and equipment|||||494|1,000|
|Purchase ofproperty,<br>plant and equipment||||||(395)|(156)|
|Proceeds from sale of investments||||||17,063|202,133|
|Purchase of investments||||||(16,287)|(204,213)|
|Net cash provided<br>by investing<br>activities||||||10,443|9,367|
|Cash flows from financing<br>activities||||||||
|Repayments<br>ofborrowing||||||||
|Cash inflows from new borrowing||||||||
|Receipt of endowment||||||||
|Net cash provided<br>by (used in) financing||activities||||||
|Change in cash and cash equivalents|in the||reporting|period||161|530|
|Cash and cash equivalents<br>at the beginning|||ofthe reporting|||||
|penod||||||1,436|906|
|Change in cash and cash equivalents|due|to|exchange|rate movements||||
|Cash and cash equivalents<br>at the end|ofthe||reporting|period|29|1,597|1,436|





## 

||||2022|2021|
|---|---|---|---|---|
|Teaching, Research|and Residential||6'000|E'000|
|Unrestricted<br>funds|||||
|Office for Students|support||302|344|
|Other academic income|||31|24|
|College residential|income||148|119|
||||481|487|
|Total Teaching, Research and||Residential|481|487|
|Total income from charitable||activities|481|487|



## 

|2022|2021|
|---|---|
|I'000|E'000|



|Donations|and Legacies|
|---|---|
|Unrestricted|funds|
|Restricted funds||



## 

||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||6'000|E'000|
|Other|trading|income|-|Chichele|Property|Company|(ASC)|Ltd.|73|48|
||||||||||73|48|





## 

|INVESTMENT INC|OME|||
|---|---|---|---|
|||2022|2021|
|||f.'000|E'000|
|Unrestricted<br>funds||||
|Restricted funds||||
|Agricultural<br>rent||||
|Commercial<br>rent||||
|Other property<br>income||||
|Equity dividends|||60|
|Income from fixed|interest stocks|||
|Other investment|income|||
|Bank interest||||
|||53|60|
|Endtnaed funds||||
|Agricultural<br>rent||2,003|2,268|
|Commercial<br>rent||5,951|4,581|
|Other property<br>income||1,270|1,190|
|Equity dividends||218|2,492|
|Income from fixed|interest stocks|73|12|
|Other investment|income|||
|Bank interest||||
|||9,515|10,543|
|TotalInvestment<br>in|come|9,568|10,603|



|Other Incom|e||||
|---|---|---|---|---|
||||2022|2021|
||||E'000|E'000|
|Coronavirus|Job Retention Scheme claims|||73|
|Profit on disposal of||fixed assets|278|365|
|Other miscellaneous||income|10|38|
||||288|476|





|ANALYSIS OF EXPENDIT|U|RE|||
|---|---|---|---|---|
||||2022|2021|
||||E'000|E'000|
|Charitable<br>expenditure|||||
|Direct staff costs allocated||to:|||
|Teaching, research and|residential||8,693|5,170|
|Public worship|||18|18|
|Other direct costs allocated||to:|||
|Teaching, research and|residential||2,688|3,165|
|Public worship|||79|53|
|Support and governance|costs allocated to:||||
|Teaching, research and|residential||1,355|1,250|
|Public worship|||44|46|
|Total charitable<br>expenditure|||12,877|9,702|
|Expenditure<br>on raising funds|||||
|Direct staff costs allocated|to:||||
|Trading expenditure|||||
|Investment<br>management||costs|133|85|
|Other direct costs allocated||to:|||
|Trading expenditure|||||
|Investment<br>management||costs|1,391|1,143|
|Support and governance|costs allocated to:||||
|Trading expenditure|||||
|Investment<br>management||costs|||
|Total expenditure<br>on raising||funds|1,524|1,228|
|Total expenditure|||14,401|10,930|





## 

||||Teaching|||
|---|---|---|---|---|---|
|||Investment|Research|Public|2022|
|||Management|and Resid|Worship|Total|
|||E'000|E'000|f.'000|6000|
|Financial administration|||506||506|
|Human<br>resources|||23||23|
||||284||284|
|Depreciation|||485||529|
|Effective interest payable|||36||36|
|Other finance charges||||||
|Governance|costs||21||21|
||||1,355||1,399|



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



||||||2022|2021|
|---|---|---|---|---|---|---|
||||||6'000|E'000|
|Governance||costs comprise:|||||
|Auditor's|remuneration||- audit services||21|24|
|Auditor's|remuneration||—tax and other advisory|services|||
||||||21|27|





|||||||
|---|---|---|---|---|---|
|GRANTS AND AWARDS||||2022|2021|
|||||E'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||||219|243|
|Grants to other institutions||||30|923|
|Total unrestricted||||249|1,166|
|Restricted funds||||||
|Grants to individuals:||||||
|Scholarships,<br>prizes and grants||||||
|Grants to other institutions||||||
|Total restricted||||||
|Endowed<br>funds||||||
|Grants to individuals:||||||
|Scholarships,<br>prizes and grants||||||
|Grants to other institutions||||||
|Total endowed||||||
|Total grants and awards||||256|1,175|



## 

|STAFF COSTS|||||
|---|---|---|---|---|
||||2022|2021|
|The aggregate<br>staff costs for the year were|as follows.||f,'000|E'000|
|Salaries and wages|||4,909|4,342|
|Social security costs|||550|463|
|Pension costs (note 25):|||||
|Defined benefit scheme - ASCSPS|||272|273|
|Defined benefit scheme - USS|||785|715|
|Defined benefit scheme - USS, including|movement|in provision|2,891|(56)|
|Other benefits|||95|78|
||||9,502|5,815|





## 

|The average number|ofemployees|ofthe College, excluding|ofthe College, excluding|Fellows,|on a full time equivalent|||
|---|---|---|---|---|---|---|---|
|basis was as follows.||||||2022|2021|
|Tuition and research||||||8|8|
|College residential||||||39|39|
|Public worship||||||1|1|
|Support||||||19|18|
|Total||||||67|66|
|The average number|ofemployed|College Fellows during|the year was as follows.|||||
|Other teaching<br>and|research|||||55|55|
|Other|||||||3|
|Total||||||58|58|



## 

|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
|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|F000|
|Cost||||||
|At start ofyear|736|9,889|1,430|1,064|13,119|
|Additions||285|29|81|395|
|Disposals||(338)||(82)|(420)|
|At end of year|736|9,836|1,459|1,063|13,094|
|Depreciation<br>and impairment||||||
|At start ofyear|736|7,491|1,111|729|10,067|
|Depreciation<br>charge for the year||339|79|111|529|
|Depreciation<br>on disposals||(128)||(77)|(205)|
|At end of year|736|7,702|1,190|763|10,391|
|Net book value||||||
|At end of year||2,134|269|300|2,703|
|At start ofyear||2,398|319|335|3,052|





|College|||Leasehold|Freehold|Plant and|Fixtures,||
|---|---|---|---|---|---|---|---|
||||land and|land and|machinery|fittings and||
||||buildings|buildings||equipment|Total|
||||F'000|6'000|6'000|6'000|E'000|
|Cost||||||||
|At start ofyear|||736|9,887|1,430|1,061|13,114|
|Additions||||286|29|83|398|
|Disposals||||(338)||(83)|(421)|
|At end ofyear|||736|9,835|1,459|1,061|13,091|
|Depreciation|and impairment|||||||
|At start ofyear|||736|7,490|1,110|729|10,065|
|Charge for the|year|||339|79|113|531|
|On disposals||||(128)||(78)|(206)|
|At end of year|||736|7,701|1,189|764|10,390|
|Net book value||||||||
|At end ofyear||||2,134|270|297|2,701|
|At start ofyear||||2,397|320|332|3,049|
|None of the College or subsidiary||company|assets are held under finance leases.|||||



## 

|College and Group|Ashmolean|National|British|Museum<br>of|Faculty of||
|---|---|---|---|---|---|---|
||Museum|Gallery|Museum|the History of|Music and||
|||||Science|Campion Hall'|Total|
||E'000|f.'000|6'000|6'000|E'000|6'000|
|At start ofyear|4,812|1,300|1,020|808||7,947|
|Transfer Between Institutions||(1,300)|||1,300||
|At end of year|4,812||1,020|808|1,307|7,947|





## 

|Group|||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||Agricultural|Commercial|Other|Total|Total|
|||||E'000|E'000|F'000|F.'000|E'000|
|Valuation|at start ofyear|||71,548|138,598|25,705|235,851|222,959|
|Additions||and improvements|at cost||1,956|428|2,384|6,743|
|Disposals||||(621)|(1,063)|(2,535)|(4,219)|(4,347)|
|Revaluation||gains in the year||2,663|14,474|2,788|19,925|10,496|
|Valuation||at end ofyear||73,590|153,965|26,386|253,941|235,851|
|College|||||||2022|2021|
|||||Agricultural|Commercial|Other|Total|Total|
|||||F.'000|f,'000|E'000|E'000|F.'000|
|Valuation|at start ofyear|||71,548|136,252|25,703|233,503|221,083|
|Additions||and improvements|at cost||1,956|428|2,384|6,743|
|Disposals||||(621)|(1,065)|(2,536)|(4,222)|(4,347)|
|Revaluation||gains in the year||2,664|13,223|2,788|18,675|10,024|
|Valuation||at end of year||73,591|150,366|26,383|250,340|233,503|





## 

|All investments<br>are|held at fair value.|||
|---|---|---|---|
|||2022|2021|
|||E'000|6'000|
|Investments||||
|Valuation<br>at start of|year|279,917|231,436|
|New money invested||13,833|197,418|
|Amounts<br>withdrawn||(12,792)|(197,786)|
|Reinvested<br>income||37||
|Increase in value ofinvestments||3,687|48,849|
|College investments|at end ofyear|284,682|279,917|
|Held in subsidiaries||33|52|
|Group investments|at end ofyear|284,715|279,969|



|The College's investments|The College's investments|in its two subsidiaries|in its two subsidiaries|is F98, the issued|share capital of Chichele Property Company|share capital of Chichele Property Company|share capital of Chichele Property Company|(ASC) Limited||
|---|---|---|---|---|---|---|---|---|---|
|-697and Animarum|Properties||Limited - fl.|||||||
|Group investments|comprise:|||Held outside|Held in|2022|Held outside|Held in|2021|
|||||the UK|the UK|Total|the UK|the UK|Total|
|||||6'000|L'000|C000|F.'000|E'000|E'000|
|Equity investments||||235,526|19,227|254,753|231,900|14,705|246,605|
|Fixed interest stocks|||||5,131|5,131||5,962|5,962|
|Alternative<br>and other investments||||10,486||10,486|10,829||10,829|
|Fixed term deposits|and|cash|||14,345|14,345||16,573|16,573|
|Total group investments||||246,012|38,703|284,715|242,729|37,240|279,969|





## 

|The figures in this note show the Group share of the consolidated<br>net assets ofthe six subsid|iaries.||
|---|---|---|
||2022|2021|
||E'000|f.'000|
|CityBlock (Reading) Limited Group|||
|Share of gross assets|12,191|11,101|
|Share of gross liabilities|(9,359)|(9,151)|
||2,832|1,950|
|CityBlock (The Gillows) Limited Group|||
|Share ofgross assets|6,911|6,199|
|Share ofgross liabilities|(6,152)|(5,932)|
||759|267|
|CityBlock (Lancaster 6) Limited Group|||
|Share ofgross assets|4,100|4,101|
|Share ofgross liabilities|(4,095)|(3,973)|
|||128|



## 

|The results and th|eir assets|and|liabilities|of the parent and subsidiarie|s<br>at the year end were as fo|llows.||
|---|---|---|---|---|---|---|---|
||||||All Souls|Chichele|Animarum|
||||||College|Property|Properties|
|||||||Co (ASC)||
||||||E'000|E'000|f.'000|
|Income|||||9,195|85|1,131|
|Net Expenditure,|including|investment||gains/(losses)|11,272|(8)|(1,163)|
|Donation to College under gift|||aid||76|(76)||
|Result for the year|||||20,543||(32)|
|Total assets|||||549,630|84|14,600|
|Total liabilities|||||(6,516)|(82)|(14,709)|
|Net funds at the end ofyear|||||543,114||(109)|
|Seenote 35 (c)for|comparative||amounts.|||||





## 

||||||||Permanent|Permanent|Endowment||Expendable|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Invested||||Endowment|Endowments|
||||||||Endowment|Unapplied|||||
||||||||Capital|Total|Return|Total|||
||||||||E'000||f.'000|6'000|E'000|E'000|
|At the beginning||of the|year - 1August 2021:||||||||||
|Gift component<br>of||the permanent||endowment|||65,398|||65,398||65,398|
|Unapplied|total return||||||||80,648|80,648||80,648|
|Expendable|endowment||||||||||334,116|334,116|
|Total Endowments|||||||65,398||80,648|146,046|334,116|480,162|
|Movements|in the|year:|||||||||||
|Gift ofendowment||funds|||||||||||
|Investment|return:|total investment|||income||||2,909|2,909|6,606|9,515|
|Investment|return:|realised and unrealised||||gains and losses|||6,828|6,828|16,764|23,592|
|Less: Investment<br>management<br>costs|||||||||(463)|(463)|(1,053)|(1,516)|
|Other transfers|||||||||(10)|(10)|(6)|(16)|
|Total|||||||||9,264|9,264|22,311|31,575|
|Unapplied|total return allocated to income||||||||(3,213)|(3,213)||(3,213)|
|Expendable|endowments||transferred||to income||||||(7,298)|(7,298)|
||||||||||(3,213)|(3,213)|(7,298)|(10,511)|
|Net movements<br>in the year|||||||||6,051|6,051|15,013|21,064|
|At the end|of the year - 31July 2022:||||||||||||
|Gift component<br>of||the permanent||endowment|||65,398|||65,398||65,398|
|Unapplied|total return||||||||86,699|86,699||86,699|
|Expendable|endowment||||||||||349,129|349,129|
|Total Endowments|||||||65,398||86,699|152,097|349,129|501,226|





## 

## 

||||2022|2021|2022|2021|
|---|---|---|---|---|---|---|
||||Group|Group|College|College|
||||F.'000|6'000|f,'000|C000|
|Amounts|falling due within|one year:|||||
|Trade debtors|||1,452|1,724|1,450|1,695|
|Amounts|owed by College members||41|41|31|35|
|Amounts|owed by Group undertakings||||146|160|
|Loans repayable<br>within one||year|4||5|4|
|Prepayments<br>and accrued income|||69|61|70|61|
|Other debtors|||91|119|153|119|
|Amounts|falling due after more than one year:||||||
|Loans|||||||
||||1,660|1,955|1,858|2,079|



|CREDIT|ORS: falling due within one year|||||
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||Group|Group|College|College|
|||f.'000|E'000|E'000|E'000|
|Trade creditors||52||52|63|
|Amounts|owed to Group undertakings|||||
|Taxation|and social security|299|345|298|344|
|Accruals|and deferred income|481|397|467|382|
|Other creditors||340|351|341|316|
|||1.172|1,156|1,158|1,105|



|CRED|ITORS: falling due after more than one year|||||
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||Group|Group|College|College|
|||F.'000|E'000|f,'000|E'000|
|Other|creditors|1,005|1,102|1,006|1,102|
|||1,005|1,102|1,006|1,102|





## 

## 

## 

|ANALYSIS OF M|O|VEMENTS ON FUNDS|||||||
|---|---|---|---|---|---|---|---|---|
||||At 1August|Incoming|Resources||Gains/|At 31July|
||||2021|resources|expended|Transfers|(losses)|2022|
||||E'000|E'000|E'000|E'000|E'000|E'000|
|Endowment<br>Funds||—Permanent|||||||
|General|||145,370|2,895|(461)|(3,198)|6,797|151,403|
|Evans-Pritchard|||305|6|(7)|(7)|14|311|
|Penhow|||188||(4)|(4)||192|
|Lee Lectureship|||172||(1)|(4)||179|
|Feinstein|||11|||||12|
|Endowment<br>Funds||- Expendable|||||||
|General|||331,770|6,606|(1,059)|(7,298)|15,514|345,533|
|Total Endowment|Funds - College||477,816|9,515|(1,532)|(10,511)|22,342|497,630|
|Endowment<br>funds|held by subsidiaries||2,346||||1,250|3,596|
|Total Endowment|Funds - Group||480,162|9,515|(1,532)|(10,511)|23,592|501,226|
|Restricted Funds|||||||||
|Sparrow|||951|19|(38)|||939|
|Library General Fund|||913|18|(3)|||935|
|Wentworth<br>Kelly|||520|10|(2)|||532|
|Brownlie|||81|2||||84|
|Neill|||66|1|(2)|||66|
|Wren|||54|1|(2)|||53|
|Ford Fund|||52|2|(2)|||52|
|Humphries<br>Fund|||27|||||27|
|Small Library Funds|||||||||
|Total Restricted Funds - College and Group|||2,669|53|(49)||20|2,693|
|Restricted funds held by subsidiaries|||||||||
|Total Restricted Funds - College and Group|||2,669|53|(49)||20|2,693|
|Unrestricted<br>Funds|||||||||
|Designated<br>Heritage||Assets Reserve|7,947|||||7,947|
|Other Designated|funds||29|||||29|
|General funds|||37,791|843|(9,979)|10,511||39,166|
|Pension reserve|||(2,431)||(2,812)||890|(4,353)|
|Total Unrestricted|Funds - College||43,336|843|(12,791)|10,511|890|42,789|
|Unrestricted<br>funds|held by subsidiaries||(75)||(29)|||(104)|
|Total Unrestricted|Funds - Group||43,261|843|(12,820)|10,511|890|42,685|
|Total Funds|||526,092|10,411|(14,401)||24,502|546,604|





## 

|Endowment|Funds - Permanent:|Funds - Permanent:||||||
|---|---|---|---|---|---|---|---|
|General|||A consolidation<br>ofgifts and donations<br>where income,||but not capital,|can be||
||||used for the general purposes<br>of the charity|||||
|Evans-Pritchard|||The capital balance of a past donation 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 where related||income, but not|the original||
||||capital, can be used for the purchase of advowsons|and for the advancement|||of|
||||learning.|||||
|Lee Lectureship|||The capital balance of a past donation 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>of gifts and donations<br>where either|income, or income and capital,||||
||||can be used for the general purposes<br>of the charity|||||
|Restricted Funds:||||||||
|Heritage Asset Reserve|||These funds have been reclassified<br>as Designated<br>Funds from 1stAugust 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<br>specifically<br>given to provide electronic resources for the study of||||Law.|
|Small Library Funds|||A consolidation<br>ofsmaller gifts and donations<br>(under||E20,000)where|both||
||||income and capital can be used for specific purposes||within the Library.|||
|Neill|||For the provision<br>oflaw lectures or concerts to commemorate<br>the|||||
||||Wardenship<br>ofthe late Lord Neill.|||||
|Wren|||For the conservation<br>and remounting<br>of the Christopher<br>Wren drawings<br>held|||||
||||in the Library.|||||
|Ford|||For the provision<br>ofgrants for the relief ofhardslup,||specifically for non-|||
||||academic staff.|||||
|Humphries|||For the provision<br>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>of the 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 1stAugust 2018.|||
|Other Designated||Funds|General donations<br>received by the College that have||been designated|for||
||||Library purposes<br>by the Governing<br>Body.|||||





## 

|ANALY|SIS OF NET|ASSETS B|ETWEEN FUNDS|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|2022|
|||||Funds|Funds|Funds|Total|
|||||E'000|E'000|E'000|E'000|
|Tangible|fixed assets|and heritage|assets|10,650|||10,650|
|Property|investments|||||253,941|253,941|
|Other investments||||33,732|2,693|248,290|284,715|
|Net current assets||||2,656|||2,656|
|Long term liabilities||and pension|liability|(4,353)||(1,005)|(5,358)|
|||||42,685|2,693|501,226|546,604|
|||||Unrestricted|Restricted|Endowment|2021|
|||||Funds|Funds|Funds|Total|
|||||E'000|E'000|E'000|f.'000|
|Tangible|fixed assets|and heritage|assets|10,999|||10,999|
|Property|investments|||||235,851|235,851|
|Other investments||||31,887|2,669|245,413|279,969|
|Net current assets||||2,806|||2,806|
|Long term liabilities||and pension|liability|(2,431)||(1,102)|(3,533)|
|||||43,261|2,669|480,162|526,092|





||2022||2021||2022|2021|
|---|---|---|---|---|---|---|
||||||Gross remuneration,||
||Number|of|Number|of|taxable benefits|and|
|Range|Fellows'||Fellows'||pension contributions||
||||||F||
|||||13|||
|El-E999||||4|2,334|3,201|
|61,000-61,999||||11|20,165|17,294|
|F2,000-62,999||||1|8,845|2,275|
|E3,000-F3,999||||3|7,183|10,081|
|E4,000-64,999|||||13,010|17,740|
|65,000-65,999|||||5,395|11,693|
|F6,000-66,999||||||20,759|
|F9,000-69,999||||||9,126|
|F10,000-F10,999||||||10,536|
|F13,000-F13,999|||||13,596||
|614,000-F14,999|||||28,397|14,925|
|615,000-F15,999|||||15,094|15,899|
|F16,000-616,999|||||16,986|16,735|
|617,000-617,999|||||17,663||
|621,000-F21,999||||||21,738|
|F22,000-622,999|||||22,831|22,755|
|F23,000-623,999||||||23,645|
|F25,000-625,999|||||25,469||
|628,000-f28,999||||||28,049|
|F31,000-631,999|||||31,804||
|634,000-F34,999||||||34,412|
|F36,000-636,999|||||109,911||
|F37,000-637,999||||||37,878|
|F38,000-638,999|||||77,372||
|F39,000-639,999|||||79,369|39,578|
|F41,000-F41,999||||||41,424|
|F42,000-642,999|||||84,821|126,409|
|F43,000-f43,999|||||87,220|43,002|
|644,000-E'44, 999|||||44,272|44,098|
|645,000-F45,999|||||45,376||
|646,000-646,999||||||46,214|
|F47,000-647,999|||||47,922||
|648,000-F48,999|||||48,298|48,160|
|649,000-F49,999|||||49,503||
|F51,000-651,999||||||51,847|
|F52,000-652,999|||||52,762||
|653,000-F53,999|||||53,803||
|654,000-F54,999|||||54,755|54,243|
|F56,000-656,999||||||56,476|
|F57,000-657,999|||||114,850|114,438|
|F59,000-F59,999||||||59,478|
|F80,000-680,999||||||80,351|
|681,000-681,999|||||81,388||
|F82,000-682,999||||||82,925|





## 

||2022||2021||2022|2021|
|---|---|---|---|---|---|---|
||||||Gross remuneration,||
||Number|of|Number|of|taxable benefits and||
||Fellows||Fellows"||pension contributions||
|F92,000-692,999||||||92,209|
|F103,000-6103,999||||||103,724|
|F106,000-F106,999|||||106,663||
|6111,000-F111,999|||||111,712||
|6127,000-F127,999|||||127,863||
|F128,000-F128,999||||||128,699|
|F129,000-F129,999|||||129,014||
|F130,000 - F130,999||||||130,471|
|F132,000 - F132,999|||||132,077|132,026|
|F133,000 - F133,999|||||133,238||
|F134,000 - F134,999||||||134,188|
|F135,000 - F135,999|||||135,264|135,983|
|F136,000 —F136,999||||||273i312|
|F137,000 —F137,999|||||275,779||
|F138,000 - F138,999||||||277,222|
|F139,000 - F139,999|||||278,530||
|F141,000 - F141,999||||||283,020|
|F142,000 - F142,999|||||142,485||
|F143,000 - F143,999|||||287,218|143,804|
|F144,000 - F144,999|||||144,273||
|F145,000 - F145,999|||||290,178|145,586|
|F146,000 - F146,999||||||146,511|
|F180,000 - F180,999||||||180,033|
|F184,000 - F184,999|||||184,747||
|||86||86|3,739,435|3,514,172|





## 

## 

## 



## 

||||2022|2021|2020|2019|2018|
|---|---|---|---|---|---|---|---|
|Discount rate|||3.35'/o|1.55'/o|1.30'/o|2.20'/o|2.80'/o|
|Rate ofincrease in salaries|||2.70'/o|2.70'/o|2.45'/o|4.60'/o|4.50'/o|
|Rate ofincrease ofpensions|in payment|(RPI)|3.40'/o|3.50'/o|2.65'/o|3.60'/o|3.50'/o|
|Rate ofincrease ofpensions|in deferment|(CPI)|2.70'/o|2.70'/o|2.45'/o|2.80'/o|2.70'/o|



||||||2022|2021||
|---|---|---|---|---|---|---|---|
||||||E'000|E'000||
|Employer contributions||in the year|||379|209||
|Current Service Cost|||||(233)|(220)||
|Net Service (Cost)|||||146|||
|Interest on assets|||||161|115||
|Interest on liabilities|||||(174)|(134)||
|Net Interest (Cost)|||||(13)|(19)||
|Movement<br>in Deficit||||2022||2021||
|||||f.'000|f.'000|E'000|E'000|
|(Deficit) at beginning|of|year|||(983)||(1,571)|
|Current service cost||||(233)||(220)||
|Employer Contributions||||379||209||
|Expenses paid by scheme||||(40)||(34)||
|Net interest (cost)||||(13)||(19)||
|||Net (charge)|to employer||93||(64)|
|Return on Scheme assets less liabilities||||(137)||1,401||
|Change in defined benefit obligation|||due to assumptions|3,189||(749)||
|||Net actuarial|gains/(losses)||3,052||652|
|Surplus/(Deficit)<br>at end||ofyear|||2,162||(983)|





|Movements<br>in fair|v|a|lue of asse|ts and scheme liabilities<br>(ASCSPS):|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6'000|6'000|
|Fair value of assets|at||the start ofthe year||10,346|8,847|
|Interest on assets|||||161|115|
|Employer<br>contributions|||||379|209|
|Employee Additional|||Voluntary|Contributions|23|27|
|Benefits paid|||||(275)|(219)|
|Expenses paid by scheme|||||(40)|(34)|
|Return on assets less||interest|||(137)|1,401|
|Fair value of assets|at||the end of the year||10,457|10,346|
||||||2022|2021|
||||||f.'000|E'000|
|Value ofliabilities<br>at||the start of||the year|(11,329)|(10,418)|
|Current service cost|||||(233)|(220)|
|Employee Additional||Voluntary||Contributions|(23)|(27)|
|Interest cost|||||(174)|(134)|
|Benefits Paid|||||275|219|
|Changes to financial||assumptions|||3,189|(749)|
|Value of liabilities|at||the end of the year||(8,295)|(11,329)|



## 

|required<br>by|FRS102for ASC|SPS and the USS deficit recovery provision,<br>as follows:|||
|---|---|---|---|---|
||||2022|2021|
||||L'000|E'000|
|Universities|Superannuation|Scheme (USS)|3,676|659|
|All Souls College Staff Pension Scheme (ASCSPS)|||272|273|
||||3,948|932|



|The pension deficit liabilities<br>in the Balance Sheet are:|||
|---|---|---|
||2022|2021|
||E'000|E'000|
|All Souls College Staff Pension Scheme||983|
|USS pension liability|4,353|1,448|
||4,353|2,431|





## 

|2022|2021|
|---|---|
|E'000|E'000|



## 

## 

|||||||2022|2021|2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||Group|Group|College|College|
|||||||C000|E'000|E'000|E'000|
|Financial|assets measured|at|amortised|cost||3,188|3,330|3,170|3,282|
|Financial|liabilities measured||at amortised||cost|(392)|(414)|(393)|(379)|
|Financial|assets measured|at|fair value|||284,715|279,969|284,682|279,917|
|Financial|liabilities measured||at fair value|||(5,358)|(3,533)|(5,358)|(3,533)|





|||||||2022|||2021||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Interest|Interest|Gains /|Interest|Interest|Gains /|
||||||Income|(Expense)|(losses)|Income|(Expense)|(losses)|
||||||E'000|i'000|E'000|f.'000|E'000|E'000|
||Financial assets measured<br>at||fair value|through|||3,687|||48,849|
||SOFA||||||||||
||Financial liabilities measured||at fair value through||||||(36)||
||SOFA||||||||||
||Financial assets measured<br>at||amortised|cost|||||||
||Financial liabilities<br>measured||at amortised||cost||||||
|28|RECONCILIATION|OF NET INCOMING|||RESOURCES TO||||||
||NET CASH FLOW|FROM OPERATIONS|||||||2022|2021|
||||||||||Group|Group|
||||||||||F.'000|E'000|
||Net income||||||||19,622|60,037|
||Elimination<br>ofnon-operating||cash flows:||||||||
||Investment<br>income||||||||(9,568)|(10,603)|
||(Gains) on investments||||||||(23,612)|(59,345)|
||Depreciation||||||||529|619|
||(Surplus) on sale of|fixed assets|||||||(279)|(364)|
||Decrease in stock|||||||||17|
||Decrease in debtors|and short|term investments||||||295|65|
||(Decrease)/Increase|in creditors|||||||(81)|729|
||(Decrease)/Increase|in provisions|||||||||
||Increase in pension scheme liabilities before||||gains||||2,812|8|
||Net cash (used in) operating||activities||||||(10,282)|(8,837)|
|29|ANALYSIS OF CASH AND||CASH EQUIVALENTS||||||||
||||||||||2022|2021|
||||||||||E'000|E'000|
||Cash at bank and in|hand|||||||1,597|1,436|
||Total cash and cash|equivalents|||||||1,597|1,436|



|2022|2021|
|---|---|
|f,'000|E'000|



|Other||||||
|---|---|---|---|---|---|
|payable|between|two|and|five|years|



## 



## 

|equity an|d the Fellows who are joint own|ers are:|||
|---|---|---|---|---|
||||2022|2021|
||||6000|6'000|
|Professor|V.Markovic||276||
|Professor|C.Trifogli||78|78|
|Professor|S.Bobzien|||338|
|College|share of the equity of properties|owned jointly with Fellows|354|416|



## 

## 



## 

|||||||Unrestricted|Restricted|Endowed|2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|Funds|Total|
||||||Notes|E'000|6'000|E'000|6'000|
|INCOME AND ENDOWMENTS||||FROM:||||||
|Charitable<br>activities:||||||||||
|Teaching, research and||residential||||487|||487|
|Other Trading Income||||||48||||
|Donations<br>and legacies||||||7||||
|Investments||||||||||
|Investment<br>income|||||||60|10,543|10,603|
|Total return allocated|to income|||||10,034||(10,034)||
|Other income||||||476|||476|
|Total income||||||11,052|61|509|11,622|
|EXPENDITURE ON:||||||||||
|Charitable<br>activities:||||||||||
|Teaching, research and||residential||||9,534|42||9,585|
|Public worship||||||109|||117|
|Generating<br>funds:||||||||||
|Trading expenditure||||||||||
|Investment<br>management|||costs|||||1,221|1,228|
|Total Expenditure|||||6,7|9,643|49|1,238|10,930|
|Net Income before gains||||||1,409|12|(729)|692|
|Net losses on investments|||||12,13||275|59,069|59,345|
|Net Income||||||1,410|287|58,340|60,037|
|Transfers between<br>funds||||||19|(19)|||
|Other recognised<br>(losses)/gains||||||||||
|Actuarial(losses)/gains||on defined||benefit pension schemes||652|||652|
|Net movement<br>in funds for the year||||||2,081|268.0|58,340.0|60,689|
|Fund balances brought||forward||||41,180|2,401|421,822|465,403|
|Funds carried forward||at|31July|||43,261|2,669|480,162|526,092|





## 

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



## 

||||All Souls|Chichele|Animarum|
|---|---|---|---|---|---|
||||College|Property|Properties|
|||||Co (ASC)||
||||E'000|E'000|f'000|
|Income, including|investment|gains|10,460|48|1,097|
|Net Expenditure|||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)|





## 

|STATEMENT OF INVE|STM|E|NT||TOTAL|RETURN -NOTE|16||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||2021|
||||||||Permanent||Endowment||Expendable|Total|
||||||||Invested||||Endowment|Endowments|
||||||||Endowment|Unapplied|||||
||||||||Capital|Total|Return|Total|||
||||||||E'000||E'000|E'000|E'000|E'000|
|At the beginning<br>of the|year:||||||||||||
|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|
|Movements<br>in the reporting||period:|||||||||||
|Gift of endowment<br>funds|||||||||||||
|Investment<br>return: total|investment||||income||||3,223|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|





## 

## 

|ANALYSIS OF M||OVE|M|ENTS ON FUNDS<br>—N|OTE 21||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||At 1August|Incoming|Resources||(Losses)/|At 31July|
||||||2020|resources|expended|Transfers|gains|2021|
||||||E'000|E'000|E'000|6'000|C000|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|11|
|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)|59069|480 162|
|Restricted Funds|||||||||||
|Sparrow|||||884|22|(36)|(19)|100|951|
|Library General Fund|||||801|21|(2)||93|913|
|Wentworth<br>Kelly|||||457|11|(1)||53|520|
|Brownlie|||||71|2|||8|81|
|Small Library Funds|||||59|||||66|
|Neill|||||49||(2)|||54|
|Wren|||||52||(7)|||52|
|Ford Fund|||||23||(1)|||27|
|Humphries<br>Fund|||||||||||
|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|