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||Page|
|---|---|
|Admin istrative Information|1|
|Annual Repoft|,,|
|StatementofTrustees'Responsibilities|3|
|IndeperrdentExamiuer's Repod|4|
|StatementofFinancialActivities|5|
|BalanceSheet|6|
|Notes tothe Fir"rancial Statements|7-15|





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|Directorsand Trustees|ReverendCanonDr. C. M.N.SLrgden(resigned5th|
|---|---|
||April2023)|
||C.J.C. Kerslake|
||N.Frost (resigned24th ltme 2024)|
||R.A,Soolihdeo|
||TIreVeryReverendProfP. Sookhdeo(resigned5'r'|
||April2023)|
||BishopDr. Y.A.Eric(appointed5tr'April2023)|
||Revereud CanonDr.J.R. John|
||I{everendDr.L. N. N.Kitayimbrva(appointed5tr'|
||April2023)|
|Companv and Executive||
|lSecretary|Reverend CanonDr.C.M. N.Srrgden(resigned5'r'|
||April2023)|
||N.Frost(6'r'April2023trntil24tt'June2024)<br>Dr. D.R.j.P.Phillips(appointed24tLJune2024\|
|CornpanyNFmhpr|5662830 (EnglandandWales)|
|CharityNumber|1139r85|
|RegisteredOffics|5 South Parade|
||Surrrtnertowt.t|
||Oxford|
||ox27JL|
|Solicitors|Knights plc|
||MidlandFlouse,WestWa1,|
||Oxford|
||OX2OPI-I|
||VWVLLP|
||3,Brindleyplace|
||Birrningliam|
||BI2.IB|
|IndeDendentBxaminers|MrsHCFanthorneFCA|
||KingLoose&Co|
||StJohn's House|
||5 South Parade|
||Surltnerlorvn|
||Oxford|
||axz7lL|





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|BALANCE SItgETAS|AT3,IsrDECEh{|SER283fCS}'S}ANIY NO|:556?8SsJ|
|---|---|---|---|
|||As at31sIlec2F3|As*t$lT Bs20?2|
||NotefSgC|||
|IntaneibleFixedAssets|7|418,718|385,2i3|
|TansibleFixedAssets|I|l9l|303|
|Curen*Assetr||||
|Stockofpublications||100|100|
|Debtors|9|58,78I|62,180|
|CashatBank||272314|2A1,708|
|||33l,t9l|263,988|
|Creditors:Amottnts||||
|FallingDue inOneYear|t0|491,381|442,576|
|NetCurrent(Liabilities)||(I66,196)|(178,588)|
|TotalAssetslessCurrent Liabilities,||||
|being NetAssets||312,713|206"988|
|CaBital||||
|UnrestrictedFunds||3A4,6s7|198,932|
|DesignatedFunds|ll|8,056|8.056|
|RestrictedFunds|12|||
||14|312,713|206,988|



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|OtficeEquipment|25%|
|---|---|
|ComputerEqLripnrent|50%|



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|ReceivedFrom|f|Furpose|
|---|---|---|
|Nexcus International|885,000|Academicprograms|
|NexcusIntetrational|:]::::|Rent and Seryices (donatedinkind)|



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|Costsincurred inFurtherance of thg|Cllaritv]sO|biects|||||
|---|---|---|---|---|---|---|
||Unres-|Res-|Total|Unres-|Res-|Total|
||tricted|tricted|Yfarto|tricted|tricted|Year to|
||Funds|Funds|Pec|Funds|Funds|Dec|
||f.|{.|20w<br>f|f,|f|102Xf|
|Program SupportCosts|||||||
|Staffcosts||351,678|357,678||297,373|297,313|
|P rinting/postage/stationeryladvertising||488|488||2,372||
|TraveI/accornmodatiort/sLr bsistence||7q41'7|19.437||86,I07|86, i07|
|OfficeRentarrdServices<br>Telephone andiuterrret|15,000<br>2.503|1,000|15,000<br>? 50't|15,000<br>1jgs|1,000|15.000<br>4lqq|
|PhDExpenses||236,014|236,014||224,742|224,742|
|Website maintenance/Marketing<br>Baddebts-movernentin plovision||7,317<br>(20,036)|1,311<br>(20,036)||20,324<br>'7\)l|24324|
|Insurance|5.144||5,144|5079||5,079|
|Confelerrcecosts||21|21||3J8;|3,382|
|Consultancy||2,927|2,927||593_|s93|
|Legalandprofessional|3,454||3,4s4|2,500||2,500|
||26,101|664,846|690947|25,918|643,417|669,395|





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|General SupnortCosts||||||
|---|---|---|---|---|---|
||Unres-|Res-|Total|Unres-|Res-<br>Tolal|
||tricted|tricted|Year to|tricted|tricted<br>Yesrto|
||Funds|Funds|Dec|Funds|Funds<br>?ps|
||s|f|202,3<br>f|f,|20?,<br>f,<br>f|
|IndependentExaml(2A22:AudiQ<br>Otherservices|2,500<br>2,171|800<br>400|3,300<br>3,17||3,500<br>3,595|8004,300<br>4003.995|
|Bankcharges||4.512|4,512||3,0003,000|
|Sundryexpenses|61||67|I,615|-<br>r.615|
|Amoftisation<br>Depreciation|r21,680<br>56|56|12r.680<br>fi2|8,000<br>99|-<br>8.000<br>99<br>r98|
|Exchange[osses/(gains)||7,07'/|7,417||(8,805)(8,805)|
||w,a74|12,845|139,919|16,809|(4,506)12"303|



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|StdfNumtrersa{rd Costs||||
|---|---|---|---|
||Yearto||Yeartq|
||Dec||Dec|
||20,21.||<br>4fi72|
|Tlreaveragenutnberofpersonnelernployed bythecharity,|No.||No.|
|excludingthe Director/Trustees,wasasfollows:-||||
|Academicand associated personnel|I||6,5|
|Thecostsattaching tothese personnelduringtheyear were:-|E||!|
|Salaries|326,212|263.564||
|NatiorralInsuralrce Costs|21,904||18,889|
|Pension Costs|8,062||6,521|
|Stafftlaining|||114|
|Staffrecruitment|1,500||4,682|
|Staffrelocationcosts|||3,007|
||357.678|297.3'.73||





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|I{9TEFTOTTTETTNANCTALSIATEMENSSFORTffiPEXIOD|I{9TEFTOTTTETTNANCTALSIATEMENSSFORTffiPEXIOD|ENI}ED 31SrDECEMBEB2023|ENI}ED 31SrDECEMBEB2023|
|---|---|---|---|
|6.|Resultfurtheteriod|YeaI<br>,ta3!fizr*<br>ff|<br>Year<br>'CI}ull#2,|
||Theresultfortheperiodisstatedafter charging:|||
||Arnortisation|u,664|8,000|
||Depreciation|n2|198|
||Examiner'sFees-Ind Examination(2022:Audit)|3,300|4,300|
||- Othersetvices<br>Bank Interestand charges|3,171<br>J:!|1qqs<br>3,000|



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|Jntansible FixedAssets|Pa(tne$hip|WebsitS||
|---|---|---|---|
||Coutrib*tioa|Ccsts|Total|
|Cost||f,|f|
|Broughtforward 0l.01.23|353,773_|4CI,000|393.273|
|Additions||215,125|215,125|
|Disposals||||
|Carriedforward31.12.23|353,213|255,125|608,398|
|Amortisation||||
|Brought forward01.01.23||8,CIO0|8,000|
|Chargefortheperiod|78,655|51,025|I21,680|
|Amortisationon disposals||||
|Carriedforwardl1<br>12.23|70,655|59,025|129,680|
|NetBookValue<br>*t3t,12.23|282,618|196, i00|478,71B|
|at31.12,22|353,273 32,000||385,273|





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|TIIEOXFCRPCENTRETOR*ELISIOT$rHIBI,ICLIFS|TIIEOXFCRPCENTRETOR*ELISIOT$rHIBI,ICLIFS|TIIEOXFCRPCENTRETOR*ELISIOT$rHIBI,ICLIFS|TIIEOXFCRPCENTRETOR*ELISIOT$rHIBI,ICLIFS|
|---|---|---|---|
|{orq$r,gTlrnlrnva$pr.,u"srsrnn&$rrsronr"HxPpRIoprhrnsnllsnpcEn,srn?0zl||||
|8.|TansibleFixedAssets|Offiee||
||Cost|Equinment<br>s|Total<br>t|
||Broughtforward0I.01.23|8,076|8,076|
||Additions|||
||Disposals|||
||Carriedfotward31.12.23|8,076|8,076|
||Depreciafion|||
||Brouglrtforward01.01.23<br>Chargeforthe period|112|1,773<br>ll2|
||Depreciation oudisposals|||
||Carriedforward31.12.23|7,885|7,885|
||NetBockYalue|||
||at31.12.23|r9l|l9r|
||at31.12.72|303|303|
||Alltangiblefixedassetsare useddirectlyforcharitablepurposes.'|||
|9.|Debtors|Asat|Asat|
|||3t/12/23|3t/12t22|
|||+|f.|
||Scholar debtors|44,920|46,301|
||Prepaylentsandaccrued iucome|13,068|15,086|
||Sundrydebtors|793|793|
|||58,78l|62,1 80|
|10.|Creditors: AmountsFallinsDueinOneYear|As at|Asat|
|||31fi2123|3t/t2/22|
|||f|f|
||Operationcostscreditors|437,730|387.083|
||Trustee reirnburseurents outstanding(notei6)|8s3|851|
||Accruals and deferred incotne|53,00s|54,248|
||Othertaxes andsocial security|5 7gq|4.392|
|||497,387|442,576|





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|Restricted Funds||||
|---|---|---|---|
||MovementinResources|||
||Balance<br>gll8ll23&<br>ssf|LncomineOuteoings<br> Transfers&Transfefs|Balance<br>?u*,ntrf|
|Funds-<br>AcaderriicProgrartmes||92A,618920,6II||
|||92A.618920,618||



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|AnalvsisofNetAssets behv|eenFunds||||
|---|---|---|---|---|
||Intansible|FixedNetCurrent|||
||Assets<br>f,|AssetsAssetsl(Liabs)<br>sf,||Total<br>f|
|RestrictedFunds|||||
|UnrestrictedFunds|418,'t18|191|(174,252)|304,657|
|DesignatedFunds|||8,0s6|8,056|
||478,718|r91|(r66,196)|312,'713|





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