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2021-05-31-accounts

Page
Administrative
Information
Annual Report
Statement of Trustees' Responsibilities
Auditors'
Report
Statement ofFinancial Activities
Balance Sheet
Statement ofCash Flows
Notes to the Financial Statements 8-15

Directors Directors and Trustees Reverend
Canon Dr.V.K.Samuel
Reverend Canon Dr.C.M.N. Sugden
H. W. Storm
C.J.C.Kerslake
R.A. Sookhdeo
P. Sookhdeo
Com an and Executive Secretaries Reverend Canon Dr. C.M.N. Sugden
Reverend Canon Dr.V.K. Samuel
Com an Number 5662830 (England and Wales)
1139185
Re 'stered Office 5 South Parade
Summeitown
Oxford
OX2 7JL
Solicitors Knights pic
Midland
House, West Way
Oxford
OX2 OPH
Statuto Auditors King Loose EcCo
StJohn's House
5 South Parade
Summertown
Oxford
OX2 7JL

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BALANCE SHEET ASAT 31 MAY 2021 C OMPA NY NO: 5662830 5662830
As at 31"Ma 2021 Asat31"Ma 2020
Note
Fixed Assets 656 1,146
Current Assets
Stockofpublications 100 100
Debtors 232,624 124,908
Cash at Bank 43,592 80,773
276,316 205,781
Creditors:
Amounts
Falling Due in One Year 244,688 145,807
Net Current Assets 31,628 59,974
Total Assets less Current Liabilities,
being Net Assets 32,284 61,120
~Ca ital
Unrestricted Funds 24,228 52,938
Designated
Funds		 10 8,056 8,056
Restricted Funds 11 126
32,284 61,120

2021 2020
Reconciliation ofchanges in resources
to net cash inflow from operating activities
Net (outgoing)/incoming resources for the year (28,836) 16,157
Depreciation
charged		 490 922
(Increase) in debtors (107,716) (124,115)
Increase in creditors 98,881 132,656
(8,345) 9,463
Net cash (outflow)/ inflow from operating activities (37,181) 25,620
Investing
activities
Purchase oftangible fixed assets (528)
(528)
(Decrease)/ increase in cash in the year (37,181) 25,092
Cash and cash equivalents at the beginning ofthe year 80,773 55,681
Cash and cash equivalents at the end ofthe year 43,592 80,773
Cash and cash equivalents comprise:
Cash at bank 43,592 80,773

Costs incurred in Fu rtherance
ofth		 e Chari
's		 Ob'ects
Unres- Res- Unres- Res-
tricted tricted Total tricted tricted Total
Funds Funds 2021 Funds Funds 2020
Pro ram Su ort Costs
Staffcosts 281,595 281,595 84,253 84,253
Printing/postage/stationery/advertising 2,121 2,121 1,689 1,689
Trave Vaccommodation/subsistence 630 630 20 40,161 40,181
Office Rent and Services 15,000 15,000 15,000 15,000
Telephone
and		 internet 3,696 1,000 4,696 3,238 1,000 4,238
Printing ofBooks, etc 361 361
PhD Expenses 179,020 179,020 62,724 62,724
Website maintenance/ Marketing 15,893 15,893 21,685 21,685
Bad debts 5,595 5,595 6,914 6,914
Insurance 3,254 3,254
Legal and professional 500 1,488 1,988
22,450 487,342 509,792 18,619 218,426 237,045

General Su ort Costs
Unres- Unres-
tricted Restricted Total tricted Restricted Total
Funds Funds 2021 Funds Funds 2020
Auditor's fees —Audit 1,800 800 2,600 1,600 800 2,400
—Other services 1,967 400 2,367 1,601 400 2,001
Bank charges 2,472 2,472 598 598
Sundry expenses 208 1,055 1,263 618 574 1,192
Depreciation 244 244 488 461 461 922
4,219 4,971 9,190 4,280 2,833 7,113

StaffNumbers
and		 Costs
2021 2020
The average number ofpersonnel employed by the charity, No. No.
excluding the Director/ Trustees, was as follows:-
Academic and associated personnel 6.5
The costs attaching to these personnel during the year were:-
Salaries 249,045 77,632
National Insurance Costs 23,566 4,311
Pension Costs 8,984 2,310
281,595 84,253
6. Result for the Period Year Year
to 31/05/21 to 31/05/20
The result for the period is stated after charging:
Depreciation 488 922
Auditor's
Fees		 —Audit 2,600 2,400
—Other services 2,367 2,001
Bank Interest and charges 2,472 598

NOTES TO THK FINANCIAL STATEMENTS FO RTHE YEAR ENDED 31
MAY		 2021
Tan ible Fixed Assets Office
~Eni ment Total
Cost
Brought forward 01.06.20 8,076 8,076
Additions
Disposals
Carried forward 31.05.21 8,076 8,076
Depreciation
Brought forward 01.06.20 6,932 6,932
Charge for the period 488 488
Depreciation
on disposals
Carried forward 31.05.21 7,420 7,420
Net BookValue
at31.05.21 656 656
at31.05.20 1,146 1,146
All tangible fixed assets are used directly for charitable purposes.
Debtors As at As at
31/05/21 31/05/20
Scholar debtors 91,297 55,067
Prepayments
and accrued income		 140,534 69,048
Sundry debtors 793 793
232,624 124,908
In view ofthe coronavirus In view ofthe coronavirus pandemic, it is considered that the majority ofthe scholar debtors should that the majority ofthe scholar debtors should
be considered
as receivable		 after more than one year from the balance sheet date.
Creditors: Amounts Fallin Due in One Year As at As at
31/05/21 31/05/20
Operation costs creditors 222,995 115,164
Trustee reimbursements outstanding (note 15) 853 853
Accruals and deferred income 15,229 29,790
Other taxes and social security 5,611
244,688 145,807

Restricted Funds
Movement in Resources
Balance ~Incomin ~Out
otn
a		 Balance
31/05/20 4Transfers 8r, Transfers 31/05/21
Funds-
Academic Programmes 492,189 492,189
Aidan Moore (internship fund) 126 — 126
126 492,189 492,315

Anal
sis o		 fNet Assets betwee n Funds
Fixed Net Current
Assets Assets Total
Restricted Funds
Unrestricted Funds 656 23,572 24,228
Designated Funds 8,056 8,056
656 31,628 32,284