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||Page|
|---|---|
|Administrative
Information||
|Annual Report||
|Statement ofTrustees' Responsibilities||
|Auditors'
Report||
|Statement ofFinancial Activities||
|Balance Sheet||
|Statement ofCash Flows||
|Notes to the Financial Statements|8 - 16|
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|Dir|to||d Trustees|Reverend Canon Dr.V.K.Samuel|
|---|---|---|---|---|
|||||Reverend Canon Dr.C.M.N. Sugden|
|||||C.J.C.Kerslake|
|||||N. Fmst|
|||||R.A. Sookhdeo|
|||||The Very Reverend ProfP.Sookhdeo|
|Com|an|and Executive Secretaries||Reverend Canon Dr.C.M.N. Sugden|
|||||Reverend Canon Dr.V.K.Samuel|
|,CCC N|||b|5662830(England and Wales)|
|~CbdtN|||b|1139185|
|~di|I|A Old||5 South Parade|
|||||Summertown|
|||||Oxford|
|||||OX27JL|
|Solicitors||||Knights pic|
|||||Midland House, West Way|
|||||Oxford|
|||||OX2 OPH|
|d~tl|t|A|dtt|King Loose &Co|
|||||St John's House|
|||||5 South Parade|
|||||Summertown|
|||||Oxford|
|||||OX27JL|
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|||||||Year to|Year to|
|---|---|---|---|---|---|---|---|
|||||||31nDecember|3FaDecember|
|||||||2022|2021|
|ReconciTiation ofchanges in resources||||||||
|to net cash inflow from operating|||||activities|||
|Net incoming/(outgoing)|||resources||for the year|204,388|(29,684)|
|Depreciation
charged||||||198|155|
|Amortisation
charged||||||8,000||
|Decrease|in debtors|||||91,367|79,077|
|Increase|in creditors|||||115,567|82,321|
|||||||215,132|161,553|
|Net cash|inflow from|operating||activities||419,520|131,869|
|Investing|activities|||||||
|Purchase|ofintangible|fixed assets||||393,273||
|||||||(393,273)||
|Increase|in cash in the period|||||26,247|131,869|
|Cash and|cash equivalents||at the|beginning ofthe period||175,461|43,592|
|Cash and|cash equivalents||at the|eud ofthe period||201,708|175,461|
|Cash and|cash equivalents||comprise:|||||
|Cash at bank||||||201,708|175,461|
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|Received From||Purpose|
|---|---|---|
|Nexcus International|849,587|Academic programs|
|Nexcus International|15,000|Rent and Services (donated in kind)|
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|||||Res-|Total|Unres-|Res-|Total|
|---|---|---|---|---|---|---|---|---|
|||||tricted|Year to|tricted|tricted|Year to|
|||||Funds|Dec|Funds|Funds|Dec|
||||||2022|||2021|
||||||g|||g|
|Pro
am Su|rt Costs||||||||
|Staffcosts||||297,373|297,373||215,208|215,208|
|Printing/postage/stationery/advertising||||2,372|2,372||1,311|1,311|
|TraveVaccommodation/subsistence||||86,107|86,107||29,492|29,492|
|Office Rent and Services|||15,000||15,000|8,750||8,750|
|Telephone
and internet|||3,399|1,000|4,399|2,463|583|3,046|
|PhD Expenses||||224,742|224,742||87,317|87,317|
|Website maintenance/||Marketing||20,324|20,324||5,974|5,974|
|Bad debts||||7,524|7,524||26,785|26,785|
|Insurance|||5,079||5,079|2,914||2,914|
|Conference costs||||3,382|3,382||||
|Consultancy||||593|593||||
|Legal and professional|||2,500||2,500||||
||||25,978|643,417|669,395|14,127|366,670|380,797|
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|General Su
|ort Costs||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Unres-|Res-||Total|Unres-|Res-||Total|
||||||tricted|tricted||Year to|tricted|tricted||Year to|
||||||Funds|Funds||Dec|Funds|Funds||Dec|
|||||||||2022||||2021|
|Auditor's
fees|- Audit||||3,500|||4,300|1,978|467||2,445|
||—Other services||||3,595|||3,995|2,162|233||2,395|
|Bank charges||||||||3,000||2,175||2,175|
|Sundry expenses|||||1,615|||1,615|20|||20|
|Amortisation|||||8,000|||8,000|||||
|Depreciation|||||99||99|198|77||78|155|
|Exchange (gains)/ losses||||||(8,805)||(8,805)||5,849||5,849|
||||||16,809|(4,506)||12,303|4,237|8,802||13,039|
|No costs were borne by the Designated
31"December 2021.||||Fund in either the|||year|to 31"December||2022 or|year ended||
|StaffNumbers|and Costs||||||||||||
||||||||||Year to|||Year to|
|||||||||||Dec||Dec|
|||||||||||2022||2021|
|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||||||||||263,564||153,277|
|National
Insurance
Costs||||||||||18,889||15,331|
|Pension Costs||||||||||6,521||5,678|
|Staff naining||||||||||710||553|
|Staff recruitment||||||||||4,682||32,275|
|Staffrelocadon|costs|||||||||3,007||8,094|
|||||||||||297,373||215,208|
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|S TO THE FINANCIAL STATE
N|ED
1srDE
|MBER2 22|
|---|---|---|
|Result for the Period|Year|Year|
||to 31/12/22|to31/12/21|
||g||
|The result for the period isstated after charging:|||
|Amortisation|8,000||
|Depreciarion|198|155|
|Auditor's Fees - Audit|4,300|2,445|
|—Other services|3,995|2,395|
|Bank Interest and charges|3,000|2,176|
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|Intan
ble Fixed Assets||Website||
|---|---|---|---|
||Contribution||Total|
|Cost|||g|
|Brought forward 01.01.22||||
|Additions|353,273|40,000|393,273|
|Disposals||||
|Carried forward 31.12.22|353,273|40,000|393,273|
|Amortisation||||
|Brought forward 01.01.22||||
|Charge for the period||8,000|8,000|
|Amortisation
on disposals||||
|Carried forward 31.12.22||8,000||
|Net BookValue||||
|at31.1222|353,273|32,000|385,273|
|at31.1221||||
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|TO THE
ATEME
T F RTHE PERIOD EN|DED 31sr DE
M|BER2022|
|---|---|---|
|Tan 'ble Fixed Assets|Office
E~l|Total|
|Cost|g||
|Brought forward 01.01.22|8,076|8,076|
|Additions|||
|Disposals|||
|Carried forward 31,12,22|8,076|8,076|
|Depredation|||
|Brought forward 01.01.22|7,575|7,575|
|Charge for the period|198|198|
|Depreciation
on disposals|||
|Carried forward 31.12.22|7,773|7,773|
|Net BookValue|||
|at31.12.22|303|303|
|at31.12.21|501|501|
|All tangible fixed assets are used directly for charitable purposes.|||
|Debtors|As at|As at|
||3V12/22|31/12/21|
|Scholar debtors|46,301|28,734|
|Prepayments
and accrued income|15,086|1W020|
|Sundry debtors|793|793|
||62,180|153,547|
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|In view of the ongoing
effects subsequent|In view of the ongoing
effects subsequent|In view of the ongoing
effects subsequent|In view of the ongoing
effects subsequent|to the|coronavirus|pandemic,|pandemic,|it is considered|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|
|||||||||3V12/22|31/12/21|
|Operation
costs creditors||||||||387,083|289,315|
|Trustee reimbursements|outstanding||(note 16)|||||853|853|
|Accruals and deferred|income|||||||50,248|31,684|
|Other taxes and social|security|||||||4,392|5,157|
|||||||||442,576|327,009|
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|Restricted|Funds|||||
|---|---|---|---|---|---|
||||Movement|in Resources||
|||Balance|~incomin|~Out o'
s|Balance|
|||31/12/21|&Transfers|&Transfers|3V12/22|
||||g|g||
|Funds-||||||
|Academic|Programmes||870,966|870,966||
||||870,966|870,966||
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