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|||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|
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|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||
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|||||||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|
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|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|
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|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|
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|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|
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|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|
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|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||
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|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|
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