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|||||Page|
|---|---|---|---|---|
|Governing
Body, Officers||and Advisers||2-4|
|Report ofthe Governing||Body||5-12|
|Auditor's
Report||||13-15|
|Accounting|Policies|||16-20|
|Consolidated|Statement|of Financial|Activities|21|
|Consolidated|and College Balance||Sheets|22|
|Consolidated|Statement|ofCash Flows||23|
|Notes to the|Financial Statements|||24-37|
##
##
|||1|2|3|5|6|7|
|---|---|---|---|---|---|---|---|
|Sir Michael
Dixon|Principal|x|x|x|x|x|x|
|Professor Sonia Antoranz|Joined January 2023|||||||
|Contera||||||||
|Professor Shoumo|Retired January 2023|||||||
|Bhattacharya||||||||
|Ms Caroline
Butler|Barclay Fellow, Joined|||||||
||March 2023|||||||
|Dr Radhika
Chadha|Senior Doll Fellow|||||||
|Dr Tim Clayden|Bursar|||||x|x|
|Dr Richard Cuthbertson|Secretary to the|||||||
||Governing
Body|||||||
|Professor Mary Daly||||||||
|Professor Harry Daniels|Retired July 2023|||||||
|Professor Sarah Darby||||||||
|Professor Giuseppe de|Joined October 2023|||||||
|Giacomo||||||||
|Professor Simon de Lusignan|Joined January 2023|||||||
|Professor Sue Dopson||||||||
|Professor Gary Ford||||||||
|Professor Peter Friend||||||||
|Professor Xiaolan Fu||||||||
|Professor Richard Gibbons||||||||
|Professor Patricia Greenhalgh|Joined January 2023|||||||
|Professor Mark Harrison||||||||
|Professor Elisabeth
Hsu||||||||
|Professor Susan James Relly|Retired December 2022|||||||
|Professor Stephen
Kennedy||||||||
|Professor Paul Klenerman||||||||
|Dr Laurence
Leaver||||||||
|Professor Belinda Lennox|Joined October 2023|||||||
##
|Professor|Sarah Lewington|Joined January 2023||||
|---|---|---|---|---|---|
|Dr Sheila|Lumley|Senior Doll Fellow||||
|Professor|Richard
McManus|||||
|Professor|Rasmus
Nielsen|Joined January 2023||||
|Mrs Elizabeth
Padmore||Barclay Fellow||X|X|
|Professor|Stavros Petrou|Joined January 2023||||
|Professor|Rafael Ramirez|||||
|Professor|Felix Reed-Tsochas|Academic Tutor until||||
|||February 2023||||
|Dr Jonathan
Reynolds||||||
|Professor|Jack Satsangi|||||
|Professor|Alan Silman|Joined January 2023||||
|Dr Alison|Stenton|Senior Tutor||||
|Dr Rebecca Surender||Vice Principal||||
|Dr Mare Thompson||Tutor for Admissions|until|||
|||February 2023||||
|Professor|Stephen Tucker|Dean of Discipline||||
|Professor|Martin Turner|||||
|Mr John Webster||Barclay Fellow||||
|Professor|Susan Ziebland|Dean ofWelfare||||
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|||||Unrestricted|Restricted|Endowed|2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Total|Total|
||||Notes|F'000|f'000|f'000|E'000|f'000|
|INCOME AND ENDOWMENTS||FROM:|||||||
|Charitable
activities:|||||||||
|Teaching, research
and residential
Other Trading
Income
Donations
and legacies||||4,427
199
11|572||4,427
199
583|3,987
110
572|
|Investments|||||||||
|Investment
income||||2,108|105||2213|1,680|
|Other income||||136|||136|3|
|Total income||||6,881|677||7,558|6,352|
|EXPENDITURE ON:|||5-8||||||
|Charitable
activities:|||||||||
|Teaching, research|and|residential||6,636|456||7,092|8,743|
|Generating
funds:
Fundraising
Trading expenditure
Investment
management
Total Expenditure||costs||326
113
87
7,162|456||326
113
87
7,618|181
31
1
8,956|
|Net Income/(Expenditure)|before gains|||(281)|221||(60)|(2,604)|
|Net (losses)/gains
on|investments||10,11|(4,643)||(6)|(4,649)|1,264|
|Net Income/(Expenditure)||||(4,924)|221|(6)|(4,709)|(1,340)|
|Transfers
between
funds|||15|3,185|(3,185)||||
|Net movement
in funds|for the year|||(1,739)|(2,964)|(6)|(4,709)|(1,340)|
|Fund balances
brought
forward|||15|96,721|6,210|1,309|104,240|105,580|
|Funds carried forward at 31||July|15|94,982|3,246|1,303|99531|104240|
##
||||2023|2022|2023|2022|
|---|---|---|---|---|---|---|
||||Group|Group|College|College|
|||Notes|F'000|f'000|K'000|F'000|
|FIXEDASSETS|||||||
|Tangible assets||9|61,992|62,857|61,992|62,864|
|Property
investments||10|26,400|31,000|26,400|31,000|
|Other Investments||11|11,518|11,039|11,518|11,039|
|Total Fixed Assets|||99,910|104,896|99,910|104,903|
|CURRENT ASSETS|||||||
|Stocks|||88|87|88|87|
|Debtors||13|622|1,054|622|1,047|
|Cash at bank and in|hand||1,917|1,988|1,912|1,982|
|Total Current Assets|||2,627|3,129|2,622|3,116|
|LIABILITIES|||||||
|Creditors: Amounts|falling due within one year|14|1,826|1,838|1,830|1,833|
|NET CURRENT ASSETS/(LIABILITIES)|||801|1,291|792|1,283|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||100,711|106,187|100,702|106,186|
|NET ASSETS/(LIABILITIES) BEFORE PENSION LIABILITY|||100,711|106,187|100,702|106,186|
|Defined benefit pension scheme liability||19|1,180|1,947|1,179|1,917|
|TOTAL NET ASSETS/(LIABILITIES)||17|99,531|104,240|99,523|104,269|
|FUNDS OF THE COLLEGE||15|||||
|Endowment
funds|||1,303|1,309|1,303|1,309|
|Restricted funds|||3,246|6,210|3,246|6,210|
|Unrestricted
funds|||||||
|Designated
funds|||50,138|46,121|50,138|46,121|
|General funds|||5,751|3,030|5,742|3,029|
|Revaluation
reserve|||40,273|49,517|40,273|49,517|
|Pension reserve||19|(1,180)|(1,947)|(1,179)|(1,917)|
|||17|99,531|104,240|99,523|104,269|
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes|E'000|f'000|
|Net cash provided
by (used in) operating|activities|||21|(963)|473|
|Cash flows from investing
activities|||||||
|Dividends,
interest and rents from investments|||||2213|1,680|
|Purchase
of property,
plant and equipment
Proceeds from sale ofinvestments|||||(793)|(754)
914|
|Purchase
ofinvestments|||||(528)||
|Net cash (used in)/provided
by investing|activities||||892|1,840|
|Change
in cash and cash equivalents
in|the|reporting|period||(71)|2313|
|Cash and cash equivalents
at the beginning||ofthe|||||
|reporting
period|||||1,988|1,988|
|Cash and cash equivalents
at the end of|the|reporting|||||
|period||||23|1,917|1,988|
##
##
|INCOME FROM C|H|ARI|TABL|E ACTIVITIES|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||2023|2022|
|Teaching, Research||and Residential|||||||||||E'000|f'000|
|Unrestricted
funds|||||||||||||||
|Tuition fees|||||||||||||2,187|2,089|
|Other academic|income||||||||||||25|24|
|College residential||income|||||||||||2,215|1,874|
|Total Teaching, Research and Residential|||||||||||||4,427|3,987|
|The above analysis||includes||f2,139kreceived from|the University|||ofOxford from publicly||accountable||funds under the CFFScheme|(2022:f2,062k).||
|To support the strategic|||priority to fund more graduate|||scholars and to enable outstanding||||students to||take up their places regardless|oftheir financial position, for||
|graduate
students|with overseas fee status funded||||through||the Clarendon||or UKRI scholarship||funding|schemes, the College share|ofthe fees waived amounted|to|
|619k.These are not||included||in the fee income reported above,|||||||||||
|DONATIONS
AND|LEGACIES||||||||||||||
||||||||||||||2023|2022|
||||||||||||||E'000|F'000|
|Donations
and Legacies|||||||||||||||
|Unrestricted
funds|||||||||||||11|34|
|Restricted funds|||||||||||||572|538|
||||||||||||||583|572|
|The College also received f300k in the year (2022:|||||5400k)||from|University|ofOxford CCF|funding.|||||
|INCOME FROM OTHER TRADING ACTIVITIES|||||||||||||||
||||||||||||||2023|2022|
||||||||||||||E'000|6'000|
|Other trading
income|||||||||||||199|110|
||||||||||||||199|110|
|INVESTMENT INCOME|||||||||||||||
||||||||||||||2023|2022|
||||||||||||||E'000|6'000|
|Unrestricted
funds|||||||||||||||
|Commercial
rent|||||||||||||1,785|1,498|
|Equity dividends|||||||||||||306|48|
|Bank interest||||||||||||||(113)|
|Other interest|||||||||||||17||
||||||||||||||2,108|1,433|
|Restricted funds|||||||||||||||
|Equity dividends||||||||||||||202|
|Other interest|||||||||||||105||
||||||||||||||105|202|
|Endowed funds|||||||||||||||
|Equity dividends||||||||||||||45
45|
|Total Investment|income||||||||||||2,213|1,680|
##
##
|5|ANALYSIS OF EXPENDITURE|||
|---|---|---|---|
|||2023|2022|
|||E'000|f'000|
||Charitable
expenditure|||
||Direct staff costs allocated to:|||
||Teaching, research and residential|2,829|2,529|
||Other direct costs allocated to:|||
||Teaching, research and residential|2,665|2,735|
||Support and governance
costs allocated to:|||
||Teaching, research and residential|1,598|3,479|
||Total charitable
expenditure|7,092|8,743|
||Expenditure
on raising funds|||
||Direct staff costs allocated to:|||
||Fundraising|247|151|
||Trading expenditure|55|0|
||Other direct costs allocated to:|||
||Fundraising|31|0|
||Trading expenditure|58|31|
||Investment
management
costs|86|0|
||Support and governance
costs allocated to:
Fundraising|48|30|
||Investment
management
costs|1|1|
||Total expenditure
on raising funds|526|213|
||Total expenditure|7,618|8,956|
##
|ANALYSIS O|F SUPPORT AND|GOVERNANCE COSTS||||
|---|---|---|---|---|---|
|||||Teaching||
||||Generating|and|2023|
||||Funds|Research|Total|
||||5'000|f'000|E'000|
|Financial administration|||14|264|278|
|Human
resources||||98|98|
|IT|||33|299|332|
|Depreciation||||1,658|1,658|
|Other finance
Governance|charges - pension
costs|deficit movements||(766)
45|(766)
47|
||||49|1,598|1,647|
|||||Teaching||
||||Generating|and|2022|
||||Funds|Research|Total|
||||f'000|F'000|F'000|
|Financial
administration||||179|187|
|Human
resources||||132|132|
|IT|||21|191|212|
|Depreciation
Other finance
Governance|charges - pension
costs|deficit movements||1,675
1,280
23|1,675
1,280
25|
##
|Depreciation costs and profit or loss on disposal offixed assets are attributed
according to the use
Interest and other finance charges are attributed
according tothe purpose ofthe related financing.|made ofthe underlying
assets.||
|---|---|---|
||2023|2022|
||K'000|F'000|
|Governance costs comprise:
Auditor's
remuneration
-audit services|23|25|
|Auditor's
remuneration
—prior year underprovision|24||
||47|25|
|GRANTS AND AWARDS|2023|2022|
||F'000|E'000|
|During the year the College funded research awards and|||
|bursaries
to students
from its restricted and|||
|unrestricted
fund as follows:|||
|Unrestricted
funds|||
|Grants to individuals:|||
|Scholarships,
prizes and grants
Bursaries and hardship
awards
Tota I unrestricted|25
10
35|60
178
238|
|Restricted funds|||
|Grants to individuals:|||
|Scholarships,
prizes and grants
Bursaries and hardship
awards
Total restricted|341
10
351||
|Total grants and awards|386|238|
##
|STAFF COSTS|||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|The aggregate staff costs for the||year were as follows.|||f.'000|f'000|
|Salaries and wages
Social security costs|||||2,851
280|2,401
260|
|Pension costs:|||||||
|Defined benefit schemes|||||392|330|
|Defined contribution|schemes||||84|69|
|Pension
provision|movement-|staff costs|||(789)|1,015|
|Other benefits|||||||
||||||2,818|4,075|
|The average
number
was as follows.|ofemployees||ofthe College,|excluding Trustees,|2023|2022|
|Tuition and research|||||20|17|
|College residential
Fundraising
Support|||||63
5
13|55
3
12|
|Total|||||101|87|
|The average number|ofemployed||College Trustees|during the year was as follows.|||
##
##
|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
|Group &College|Leasehold|Freehold|Fixtures,||
||land and|land and|fittings and||
||buildings|buildings|equipment|Total|
||F'000|f.'000|5'000|6'000|
|Cost/Valuation|||||
|At start ofyear
Additions|101|67,706
721|3,030
72|70,837
793|
|Dieposals|||(4)|(4)|
|At end ofyear|101|68,427|3,098|71,626|
|Depreciation
and impairment
At start ofyear
Depreciation
charge for the year|48
2|5,474
1,350|2,458
306|7,980
1,658|
|Depreciation
on disposals|||(4)|(4)|
|At end ofyear|50|6,824|2,760|9,634|
|Net book value|||||
|At end ofyear|51|61,603|338|61,992|
|At start ofyear|53|62,232|572|62,857|
##
##
|Group
8 College|||2023|2022|
|---|---|---|---|---|
|||Commercial|Total|Total|
|||6'000|6'000|5'000|
|Valuation at start ofyear
Revaluation
gains/(losses)|in the year|31,000
(4,600)|31,000
(4,600)|28,870
2,130|
|Valuation at end ofyear||26,400|26,400|31,000|
##
|11|OTHER INVESTMENTS|OTHER INVESTMENTS|||||||
|---|---|---|---|---|---|---|---|---|
||All investments
are held at fair value.||||||||
||||||||2023|2022|
||||||||E'000|L'000|
||Group investments
Valuation at start ofyear||||||11,039|12,819|
||New money invested||||||528||
||Amounts
withdrawn|||||||(914)|
||(Decrease)/increase|in value of investments|||||(49)|(866)|
||Group investments|at end ofyear|||||11,518|11,039|
||Investment
in subsidiaries||||||||
||College investments|at end ofyear|||||11,518|11,039|
||Group investments|comprise:|Held outside|Held in|2023|Held outside|Held in|2022|
||||the UK|the UK|Total|the UK|the UK|Total|
||||E'000|F'000|F'000|F.'000|F'000|5'000|
||Equity investments
Property funds|||9,338
423|9,338
423||9,023
336|9,023
336|
||Alternative
and other|investments||680|680||||
||Fixed term deposits|and cash||1,077|1,077||1,680|1,680|
||Total group investments|||11,518|11,518||11,039|11,039|
##
##
##
##
|CREDITORS: falling|due within one year|||||
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||Group
f'000|Group
f'000|College
f'000|College
F'000|
|Trade creditors||539|312|539|311|
|Amounts
owed to Group undertakings||||8||
|Taxation and social security||213|192|213|194|
|Accruals and deferred|income|850|996|846|990|
|Other creditors||224|338|224|338|
|||1,826|1,838|1,830|1,833|
##
##
|||At 1 August|Incoming|Resources||Gains/|At 31July|
|---|---|---|---|---|---|---|---|
|||2022
f'000|resources
F.'000|expended
F'000|Transfers
F'000|(losses)
F'000|2023
F'000|
|Endowment
Funds - Permanent||||||||
|Student and academic support||1,127|||180|(6)|1,301|
|Endowment
Funds - Expendable||||||||
|Student and academic support||182|||(180)|||
|Total Endowment
Funds - College and Group||1,309||||(6)|1,303|
|Restricted
Funds||||||||
|Student and academic support||4,007|377|(456)|(842)||3,086|
|Other funds||2,203|300||(2,343)||160|
|Total Restricted Funds - College and Group||6,210|677|(456)|(3,185)||3,246|
|Unrestricted
Funds||||||||
|Revaluation
reserve||49,517|||(9,244)||40,273|
|Designated
fixed asset fund|||||21,719||21,719|
|Designated
investment
property
Other designated
reserves|fund|||(201)|31,000
2,209|(4,600)|26,400
2,019|
|Designated
funds,
including
GC|and other|46,121|||(46,121)|||
|Pension reserve||(1,917)||737|||(1,180)|
|General funds||3,030|6,870|(7,736)|3,622|(43)|5,743|
|Total Unrestricted
Funds - College||96,751|6,881|(7,200)|3,185|(4,643)|94,974|
|Pension Reserve held by subsidiaries||(30)||30||||
|General funds
held by subsidiaries||||8||||
|Total Unrestricted
Funds - Group||96,721|6,881|(7,162)|3,185|(4,643)|94,982|
|Total Funds||104,240|7,558|(7,618)||(4,649)|99,531|
##
##
|The following|is a summary|is a summary|ofthe origins and purposes|ofeach of the Funds||||
|---|---|---|---|---|---|---|---|
|Endowment|Funds -|Permanent:||||||
|Student and|academic|support||A consolidation
ofgifts and donations|to the College, where the income but not the|||
|||||capital must be used in support of students
and academic activities within||College.||
|Endowment|Funds -|Expendable:||||||
|Student and|academic|support||A consolidation
of gifts and donations|to the College, similar to permanent|endowment||
|||||in that they were given, or the College|has determined
based on the circumstances|||
|||||that they have been given, for the long|term benefit ofthe College.
However, the|||
|||||Governing
Body may at their discretion|determine
to spend
all or part ofthe capital.|||
|Restricted Funds:||||||||
|Student and|academic|support||A consolidation
ofgifts and donations|where both income and capital can|be used|in|
|||||support ofstudent scholarship
and bursary
provision,
and other academic||initiatives.||
|Other funds||||A consolidation
ofgifts and donations|where both income and capital can|be used|in|
|||||support ofCollege building
projects.||||
|Designated|Funds|||||||
|Fixed asset|designated|funds||Unrestricted
Funds which are represented
by fixed assets ofthe College||and||
|||||which are therefore not available for expenditure
on the College's general||purposes.||
|Other designated
reserves||||Unrestricted
funds currently
allocated|by the Governing
Body for future costs of|||
|||||student
and academic support.||||
|Revaluation|reserve|||Created by the revaluation
ofproperty|investments|||
|Pension reserve||||Representing
the liability for future pension
contributions
under defined benefit schemes||||
##
##
|ANALYSIS OF NET ASSETS BETWEEN FUNDS|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|2023|
||Funds|Funds|Funds|Total|
||f'000|f.'000|6'000|f'000|
|Tangible fixed assets
Property investments
Other investments|61,992
26,400
6,969|3,246|1,303|61,992
26,400
11,518|
|Net current assets|801|||801|
|Long term liabilities|(1,180)|||(1,180)|
||94,982|3,246|1,303|99,531|
||Unrestricted|Restricted|Endowment|2022|
||Funds|Funds|Funds|Total|
||F'000|F'000|F'000|6'000|
|Tangible fixed assets
Property investments
Other investments|62,857
31,000
3,520|6,210|1,309|62,857
31,000
11,039|
|Net current assets|1,291|||1,291|
|Long term liabilities|(1,947)|||(1,947)|
||96,721|6,210|1,309|104,240|
##
##
|Remuneration
paid totrustees|||||||||
|---|---|---|---|---|---|---|---|---|
||||2023||||2022||
||||Gross remuneration,|taxable|||Gross remuneration,|taxable|
||Number|of|benefits and pension||||benefits and pension||
|Range|Trustees||contributions
f||Number|ofTrustees|contributions
f||
|f1 - F9,999
f30,000 - F39,999
f80,000-F89,999|||2,392
86,810||||30,782
83,303||
|f100,000 - F109,999|||||||106,195||
|f110,000 - f119,999|||110,641||||||
|f120,000 - f130,999|||||||129,045||
|f130,000 - f139,999|||137,860||||||
|Total||4|337,703|||4|349,325||
##
##
##
##
##
##
|Sensitivity ofactuar|Sensitivity ofactuar|ial
valuation
assumptions|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Surpluses
or deficits||which arise at future valuations|may|impact on the College's|||future contribution||commitment.||The sensitivities
regarding||the|principal||assumptions|
|used to measure|the|scheme liabilities are set out below:|||||||||||||||
||||||||USS||||||||||
|Assum
tion|||||Chan
e|in assum||tion||||Im act on USS liabilities|||||
|Initial pre-retirement||discount rate||increase|by 0.25%||||||decrease|by 81.3bn|||||
|Post-retirement|discount rate|||decrease|by 0.25%||||||increase|by f2.8bn|||||
|DPI||||decrease|by 0.1%||||||decrease|byf1.5bn|||||
|Life expectancy||||more prudent
assumption|||(reduce|the adjustment||to|increase|byf1.2bn|||||
|||||the base|mortality
table|by 5%)|||||||||||
|Rate ofmortality||||more prudent
assumption|||(increase the annula||||increase|by 80.6bn|||||
|||||mortality|improvements||long-term|rates by|0.2%)||||||||
|||||||OSPS|||||||||||
|Assumption|||||Change|in assumption|||||Impact on OSPS technical||||provisions||
|Valuation
rate ofinterest||||decrease|by 0.25%||||||Increase|by 2%ofpensionable||salaries|||
|RPI||||increase|by 0.25%||||||Increase|by 1.5%ofpensionable||salaries|||
##
|assumptions
used in t
not materially
sensitive|hese calculations
for the USS provis
to the assumptions
used):|ion
for 2022/23 are tabled bel|
|---|---|---|
|||2022/23|
|||USS|
|Finish Date for Deficit|Recovery Plan|31/03/2028|
|Average staff number|increase|P PP%|
|Average staff salary increase||300%|
|Average discount rate
Effect of0.5%change|over period
in discount rate|4 6P%
f44k|
|Effect of1%change
in|staff growth|K90k|
##
##
|21|RECONCILIATION|OF NET|INCOMING|RESOURCES|RESOURCES|RESOURCES|RESOURCES|TO||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||NET CASH FLOW|FROM OPERATIONS||||||||||2023|2022|
|||||||||||||Group|Group|
|||||||||||||E'000|E'000|
||Net movement
in funds for||the year|||||||||(4,709)|(1,340)|
||Elimination
of non-operating||cash flows:|||||||||||
||Investment
income|||||||||||(2,213)|(1,680)|
||Losses/(Gains)
in investments|||||||||||4,649|(1,264)|
||Depreciation|||||||||||1,658|1,674|
||Decrease/(Increase)|in stock||||||||||(1)|4|
||Decrease/(Increase)|in debtors||||||||||432|(481)|
||Increase/(Decrease)|in creditors||||||||||(12)|523|
||(Decrease)/Increase|in pension scheme||liability||||||||(767)|1,015|
||Net cash provided|by operating
activities||||||||||(963)|473|
|22|ANALYSIS OF CHANGES
IN NET DEBT|||||||||||||
|||||||||||At start||At end||
|||||||||||ofthe||ofthe||
|||||||||||year|Cashflows|year||
|||||||||||E'000|E'000|E'000||
||Cash|||||||||1,988|(71)|1,917||
||Deposits and other|short term investments||||||||1,680|(603)|1,077||
||Total|||||||||3,668|(674)|2,994||
|23|ANALYSIS OF CASH AND CASH EQUIVALENTS|||||||||||||
|||||||||||||2023|2022|
|||||||||||||E'000|E'000|
||Cash at bank and in hand|||||||||||1,917|1,988|
||Total cash and cash equivalents|||||||||||1,917|1,988|
|24|FINANCIAL INSTRUMENTS|||||||||||||
||The financial statements
include the following|||||in|respect|ofitems held at fair value:||||||
|||||||||||2023|2022|2023|2022|
|||||||||||Group|Group|College|College|
|||||||||||E'000|E'000|E'000|E'000|
||Financial
instruments
that are debt instruments||||||measured|at settlement|value:|||||
||Trade debtors|||||||||426|463|426|463|
||Amounts
owed by Group undertakings||||||||||||(8)|
||Other debtors|||||||||136|525|136|525|
||Financial
liabilities measured||at settlement||value:|||||||||
||Trade creditors|||||||||(539)|(312)|(539)|(311)|
||Amounts
owed to Group undertakings|||||||||||(8)||
||Other creditors|||||||||(224)|(338)|(224)|(338)|
|||||||||||(201)|338|(209)|331|
##
##
##
##
|||||Unrestricted|Restricted|Endowed|2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Total|Total|
|||||f'000|5'000|5'000|E'000|E'000|
|INCOME AND ENDOWMENTS|||FROM:||||||
|Charitable
activities:|||||||||
|Teaching, research
and||residential||3,987|||3,987|3,309|
|Public worship|||||||||
|Donations
and legacies||||34|538||572|1,398|
|Investments|||||||||
|Investment
income||||1,433|202|45|1,680|1,674|
|Total return allocated to||income|||||||
|Total income||||5,567|740|45|6,352|6,618|
|EXPENDITURE ON:|||||||||
|Charitable
activities:|||||||||
|Teaching, research and||residential||8,242|495||8,743|7,190|
|Generating
funds:|||||||||
|Fundraising||||181|||181|149|
|Trading expenditure||||31|||31|40|
|Investment
management||costs||1|||1|1|
|Total Expenditure||||8,455|495||8,956|7,380|
|Net income/(Expenditure)||before gains||(2,888)|245|39|(2,604)|(762)|
|Net (losses)/gains
on investments||||1,990|(594)|(132)|1,264|3,533|
|Net Income/(Expenditure)||||(898)|(349)|(93)|(1,340)|2,771|
|Net movement
in funds|for the||year|(898)|(349)|(93)|(1,340)|2,771|
|Fund balances brought|forward|||97,619|6,559|1,402|105,580|102,808|
|Funds carried forward at||31July||96,721|6,210|1,309|104,240|105,579|
##
##
##
|Income and expenditure|Income and expenditure|for parent and subsidiary|for parent and subsidiary|undertakings|in the year|ended 31 July 2022|was as follows:||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Parent College|Green|GTC Design &|||
||||||||Templeton|Build|||
||||||||Services||||
|||||||5'000|F'000|E'000|||
|SOFA|||||||||||
|Income||||||7,231|224|34|||
|Expenditure||||||(8,567)|(228)|(34)|||
|Result for the year||||||(1,336)|(4)||||
|PRIOR YEAR ANALYSIS OF MOVEMENTS|||ON|FUNDS|||||||
|||||At|1 August|Incoming|Resources||Gains/|At 31July|
||||||2021|resources|expended|Transfers|(losses)|2022|
||||||E'000|5'000|6'000|E'000|5'000|f,'000|
|Endowment
Funds|- Permanent||||||||||
|Student and academic support|||||1,132||(5)|||1,127|
|Endowment
Funds|- Expendable||||||||||
|Green College|||||30|45||||75|
|Other|||||240||||(132)|107|
|Total Endowment|Funds - College||||1,402|45|(6)||(132)|1,309|
|Endowment
funds held by subsidiaries|||||||||||
|Total Endowment|Funds - Group||||1,402|45|(6)||(132)|1,309|
|Restricted Funds|||||||||||
|Student Support Funds|||||1,315|148|(99)|||1,364|
|Other Academic Support|||||2,548|287|(192)|||2,643|
|Other Funds|||||2,696|305|(204)||(594)|2,203|
|Total Restricted Funds||- College|||6,559|740|(495)||(594)|6,210|
|Restricted funds held by||subsidiaries|||||||||
|Total Restricted Funds||- Group|||6,559|740|(495)||(594)|6,210|
|Unrestricted
Funds|||||||||||
|Designated
funds|||||20,518|||||20,518|
|Green College|||||24,800|||||24,800|
|Other|||||803|||||803|
|General funds|||||5,043|5,567|(7,440)||(140)|3,030|
|Revaluation
reserve|||||47,387||||2,130|49,517|
|Pension reserve|||||-896||(1,021)|||(1,917)|
|Total Unrestricted|Funds - College||||97,655|5,567|(8,461)||1,990|96,751|
|Pension Reserve held by||subsidiaries|||(36)|||||(30)|
|Total Unrestricted|Funds - Group||||97,619|5,567|(8,455)||1,990|96,721|
|Total Funds|||||105,580|6,352|(8,956)||1,264|104,240|