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||||Page Number|
|---|---|---|---|
|Governing
Body, Officers||and Advisers||
|Report ofthe|Governing|Body|6-21|
|Auditor's
Report|||22-24|
|Statement of|Accounting|Policies|25-29|
|Consolidated|Statement|of Financial Activities|.30|
|Consolidated|and College Balance Sheets|||
|Consolidated|Statement|ofCash Flows|32|
|Notes to the|Financial Statements||33-49|
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|||||||Recruited 3Foundation
Year (FY)students
for a 2022 start, and|||
|---|---|---|---|---|---|---|---|---|
|||||||celebrated the academic success of3 FY "graduates" who completed|||
|||||||the course with Distinction,|||
|||||||Recruited
two new Tutorial Fellows
in Chemistry
and Biochemistry,|||
|||||||Recruited the JRR Tolkien Professor
in English Language
and|||
|||||||Literature
and the Professor
in Abrahamic
Religions.|||
|||||||Recruited one Early Career {Domus) Fellow in History.|||
|||||||Recruited excellent new tutors. 21 Lecturers.|||
|||||||Recruited a total of32.72 FTEVisiting Students
for 2022-23.|||
|||||||Noted a successful
fourth year ofthe Oxford Study Skills Centre:|||
|||||||c.180hours ofsupport
provided
to students
(LMH) in one-to-one|and||
|||||||group sessions.|||
|||||||Recruited
two new Study Skills Lecturers to continue
the work set||up|
|||||||by the Oxford Study Skills Centre at LMH (now merged
with general|||
|||||||College academic support).|||
|Academic|distinction.|||||Recruited 178new graduates
for 2022-23, ofwhich 35are part|time.||
|postgraduate||||||84 graduates
selected
LMH as first choice college.|||
|||||||Accommodated
94 graduates
in 2021-22; on site, in one leased|off-||
|||||||site building
and through
rental agreements
with the central|||
|||||||University.|||
|||||||To date, 63 Masters students
successfully
completed
their degrees,|||
|||||||with 35obtaining
Distinction
or Merit, 26 students
successfully|||
|||||||completed
their Doctorates (D Phil). {Masters student complete|by 30||
|||||||September each year. )|||
|||||||Continued
work to identify
and grow financial support for|||
|||||||postgraduate
scholarships,
including
close working
with the|||
|||||||University.|||
|||||||Successful association
with and launch ofthe Oxford Pakistan|||
|||||||Programme,
supporting
scholars and postgraduates|||
|Academic|distinction:|||teaching||Maintained
a range ofonline teaching,
learning
and support|||
|and research||mission||||resources
(Library, Study Skills Centre), and online examinations||in|
|||||||Trinity Term 2022, informed
and supported
by University
and College|||
|||||||IT provision.|||
|||||||Publicised academic results and prizes for undergraduates,|||
|||||||graduates
and tutors. 31%of undergraduate
finalists obtained a|1st||
|||||||and 61%obtained a 2:1,,|||
|||||||Undertook
further Academic Office restructuring
to bolster support|||
|||||||coherent and timely services for students,
academic tutors and|||
|||||||support staff colleagues.|||
|||||||Continued
and improved
budgetary
controls and close and|||
|||||||collaborative
working
continued
with College Accounts Team.|||
|Health, Wellbeing|||and|Welfare||Continued
to offer the welfare support
to students
through
the year,|||
|||||||with 95%of student
rooms occupied
in Trinity Term.|||
|||||||Ensured
that academic tutors were appropriately
informed
ofwelfare|||
|||||||signposting
for their students
and themselves.|||
|||||||Appointment
ofa new Head ofWellbelng
for 2022-23 to co-ordinate|||
|||||||all the wellbeing
support
activities (welfare and non-academic|||
|||||||support) ofthe College including
Safeguarding.|||
|||||||Signed a government-backed
pledge against the use of non-|||
|||||||disclosure
agreements
in cases ofsexual misconduct
and bullying.|||
|A Diverse/Inclusive|||College||~|Participated
in a range ofjoint University
initiatives
to improve|||
|||||||accessibilit
and inclusivit
.|||
|||||||||||||||||||||||||||||||||||||||~||~|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||~|||~|~|||||||||||||||||||||||||||||||
||||||||||||||||||||~|~|I|~|||||||||~|~|||||~|~|~||||||
|||||||||||I|I|~|||||||||||||||||||||||||||||||||
||||||||||||||||||||||||~||||||||||||||||||||||
|||||||||||||||||||||~|~||||||||||||||||||||||||
|||||||||||||||||||||||||||||~||||~|||||||||||||
|||||||||||||||||||||~|~|~|||||||||||||||||||||||
|||||||||||~||~||||||||||||||||||||||||||~|\|~|||||
|||||||||||||||||||||||||I|~||~|~||~|~||||||||||||||
||||||||||||~|~|~||||||~||~||||I|||~|~|||"~|||||||||||||
||||||||||~|||~||||~|||||||||||||||||||||||||||||
|||||||||||||||||||||||||||||||||||"|||||||||||
|||||||||||||||||||||||||||||||||~||||~|||~||||||
|||~|~||||||||||||||||||||||||||||||||||||||||||
|||||||||||||||~||~|||||||||I||~||~||||||||||~|~|||||
||||||||||||||||||||||||"||||||||||||||||||||||
|||||||||||||||~|~|~|||~|~|||||~||~||||||||||||||||||
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|||||||||||||||||~|||~||||||||||||||||||||||||||
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||||||||||||||||||~||~|||~|~|||||~|II||~||||||||||||||
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||||||||||||||||||||||"||||||||||||||||||||||||
|||||~||~||||||||||~|I||~||||||I||~||~||~||||||||||||||
|||||||||||~||||~|||||||||||||||||||||||||||||||
||||||||||||||||~||I||~|I||~|||||||I|~|||||||||||||||
||||||||||'|~|||.~||||||||||||~||~|||||||~|||~|||~|I||||
|||||||||||||||||||||||||||||||||||||||~|||~||||
||||||||||||||||~||~|||~|||~|||||||||||I ~||||~|I|~||~||~|
||||||||||||~||~|||||||||||||||||||||~||||~|||||||
|||||||||||||||||||||||||||||||~|~||||~||||II||~|~||~|
|||||||||||||||~|"~ '||||||||||||||||||||||||||||||
||||||||||||~|I|||||||||||||~|~|||~|||I||~|~||||||~||||
|||||||||||||||~|~||~||~|~|||~|||||||||||~|||~"||I|~|||||
|||||||||||||||~||~||||~||I|~|||||||||||||||||~I|||||
||||||||||||||||||||~||~||I|~||||||||||||||~|~||||||
|||||||||||~|~|~|||||||||||||||||||||||||||||||||
|||||||||||||||~||~||~|~||~||||||||||||||||||||||||
||||||||||I|~|||||||||||~"||||||||||~|~|||||||||||||
##
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##
|Key Goals||||Objectives 2022-2023|||||
|---|---|---|---|---|---|---|---|---|
|Academic distinction:||||Continue
to promote
high academic performance|from|students|||
|undergraduate||||through
provision
oftargeted
support and ongoing
consultation|||with||
|||||students.|||||
|||||Maintain
Final Honours School success rate of &|90%|of|||
|||||undergraduate
students
achieving
at least an upper second class|||||
|||||degree.|||||
|||||Recruit up to 125very able undergraduates
plus|up to|3students||on|
|||||the University
Astrophoria
Foundation
Year.|||||
|||||Recruit up to four new Tutorial Fellows: Classics,|History, Ancient||||
|||||Philosophy
and Law (replacements
for retirements|and|resignations),|||
|||||Continue
to improve
and refresh systems
for feedback||between|||
|||||students
and tutors,|||||
|||||Continue
to develop the reach and stretch ofthe|Study|Skills support.|||
|||||Recruit 35FTEVisiting Students.|||||
|Academic distinction:||||Recruit 125 postgraduate
students
and maintain
the growth of overall|||||
|postgraduate||||numbers.|||||
|||||Continue
to Improve our postgraduate
offering and scholarships||||to|
|||||attract and support well-qualified
graduate
students.|||||
|||||Develop
University
links to explore Joint scholarship
provision.|||||
|||||Continue to monitor numbers
of postgraduate
students||selecting|||
|||||LMH as first-choice college,|||||
|||||Continue
to provide practical support
for postgraduate||students|who||
|||||are not offered accommodation
in College.|||||
|||||Monitor completion
rates and investigate
support|initiatives
to||||
|||||improve
timely completion
ofresearch degrees.|||||
|Academic distinction:||teaching||Undertake
further restructuring
ofthe Academic Office||to support|||
|and research missions||||Fellows and other academic staff in their primary|missions of||||
|||||teaching
and research,|||||
|||||Develop a more active research strategy,
including|increase
in non-||||
|||||stipendiary
Junior Research Fellows and other externally
funded|||||
|||||Research Fellows, to provide academic and intellectual||subject|||
|||||coherence as well as enriching
teaching
provision|and|career|||
|||||development
opportunities.|||||
|||||Continue
to increase visibility ofacademic
publications||and|||
|||||achievements
on the website and in other ways.|||||
|Health, Wellbeing|and|Welfare|~|Support the new Head ofWellbeing
in their role,|||||
|||||||||||||||||~|~||~|||||~|~|||||||||~|~|I ~|||||||I|I|~|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||||||||||||||||||||||||||~|~||"|~|||||||
|||||||||||~||||||~||~||||||||||||||||||||||||||||||||||
||||||||||||||||||||~|~||||||||||||||||||||||||||||||||
||||||||||||||||||||||||||||||||||||||~|~|||||~|||~|||~|||
|||||||||||||||||~|~||||~|~||||||||||||||||||||||||||||||
||||||||||~|||||||~|~"||"||I||~|||||||||||||||||||||||||||||
|||||||||||||||||||||||||||||||"~|||~|I|~||||||||||||I||||~|
||||||||||~|~||~|~|~|||||||||||||||~||||~||"~|||||~|t|||||||||||
||||||||||~|||||||~||||||~||~|||I|~ ~||t||~||||||||||||||||||||
||||||||||~ ~|||||||||~|~||||||~|I||||~||||~||~||~|||~|||||||||||
||||||||||~|I|||||||~|~||||||||||||||||||||||~|~||I|||||~||||
|||||||||||||||I|~|~ ~||||||||||||||||||||||||||||||||||||
||||||||~|~|||||||||||||I|~|||||I|~|~||||||||~|'I|||||||~|~|~|||I||
|||||||||||||||||||~"||||||||I|~||I||~|||I|I||||||~|~|~|||||~||||
||||||||||||||||||||||||||||||||||||||||||~||~|||||||||
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||||||||||||||||||||||||||||||||||||||I|~||||||||||||||
|||||||||||||||"||||||||||||||||||||||||||||||||||||||
||||||||||||t|~||||~||||~|||~ ~||||||||||~|||~||||~|~||~|||||||||
|||||||||||I|I ~||||~|||||||||~"||||||||||||||||||||||||||||
||||||||||||||||||||||||||||||||||||||||||||||~||~|||||
||||||||||||||||||||||||||||||"~||||~||||t|||||||||||||||
||||||||||||||||||||||~|~||||~||~|~|~|||~|||~|~ ~|||||~|~|||||||||
|||||||||||||||||||||||||||||||||||||~|I|~||||||||||||||
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|||||||||||||||||||||||||||||I|~|||||||||||I|~|~||~||~||||||
|||||||||||||||||||||||||||||||||||"||||||||||||||||||
|||||||||||||||||~|||~||~|||||||||I||||||||~||||~|||~|||||||
||||||||||~|~|||||~||I|~|||||||||~||||||~|~|||~ ~||~|||I|» ~|||||||||
|||||||||||||||||||||||||I|||~||||||||||||||||||~||||~|||
||||||||||~ ~|||||~|||t|||~||||||||||||||||||||||||||||||||
|||||||||||||~|~|~||~|~|||||||||||||||||||||||||||||||||||
|||||||||||~||~||||||||||||||||||||||||||||||||||||||||
||||||||||~|-||-|~I||||||~|||~|||||~|||||||||||||||||||||||||
|||||||||||||I|~|t||~|~|||||||||||||||||||||||||||||||||||
|||||||||||||||||||||||||||||||||||||||||||~ "||~|~|~||||||
||||||||||||||||||~|~||||||||||||||||||||||||||||||||||
||||||||||||||||||||||~|||||~|||||||||||||||~ ~|||||~||||||
||||||||||||||||||||||||||||||||||||~|||~|||~|||||||||||
||~|~||||||||||||||||||||||||||||||||||||||||||||||||||
||||||||||||||~||I|||||||||||||||||||||||||||||||||||||
|||||||||||||||||||~|~|||||~|~|||~||||||~||~||||||~|~|||||||||
||||||||||||||||||||||||||~|~||"|t|~|I||t|~||||||||||||||~|~|~||
||||||||||I|~|||I|||||||||||||||||||||||||||||||||||||||
||||~||~|||||||||||||||||||||||||||||||||||||~|~|~||||||||
|~||||||||||||||||||||||||||||||||||||||||||||||||||||
|||~ -||-|~|~|||~|||~|||~||||||||||||~|~||||||||||||||||||||||||
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|||Unrestricled|Restricted|Endowed|2022|2021|
|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Total|Total|
||Notes|R'000|R'000|F'000|R'000|R'000|
|INCOME AND ENDOWMENTS
FROM:|||||||
|Charitable
actlvilles;
Teaching, research end residengal
other Trading Income
Donations
and legacies||7,744
655
605|1,751|1,397|7,744
665
3,753|6,765
'l12
3,694|
|Inveslmsnls
investment
Income|4|145||679||728|
|Total return al(ocalsd (oincome
Other income
Total income|13
33|1,367
49
10,565|1,751|(1,367)
709|13,025|512
10,811|
|EXPENDITURE ON:|||||||
|Charitable
activities'I
Teaching, research end residential||12,236|868||13,104|9,928|
|concreting funds:
Fundralslng
'frsdlng
expenditure
Inveslmenl
management
costs
Total Expenditure
Net Income/(Expenditure)
before gains||580
629
21
13,486
~2,9D1|083|'t28
128
0III|680
629
149
14,462
~1437|498
428
133
10,985
~174|
|Net gains/(losses)
on Inveslmenls|10,11|||429|3I84|6676|
|Net Income/(Expenditure)||(2,846)|803|1,010|~0001|6,002|
|Transfers
between funds|18|6|28|(34)|||
|Other reoognlsed
gains/losses|||||||
|Galas/(losses)
on revaluation
ofgxed assets|||||||
|Acluarlal gains/(losses)
on deflned bene6t pension schemes|||||||
|Net movement
In funds for tho year||(2,840)|911|976|(953)|6,502|
|Fund balances
brought forward|18|26,610|2,786|41,574|70,979|64,477|
|Funds carried forward ai 31 July||23,779|3,697|42,550|70,026|70,9'/9|
##
||||2022|2021|2022|2021|
|---|---|---|---|---|---|---|
|||Notes|Group
6'000|Group
2'000|College
6'000|College
2'000|
|FIXEDASSETS
Tangible assets
Property Invsslmenls
Other Invsstmenls||9
10
11|29,301
49,475|29,986
1,775
46,908|29,301
49,479|29,980
1,775
46,910|
|Total Fixed Assets|||78776|78',))86|78,7))8|78,685|
|CURRENT ASSETS
Stocks
Debtors
Investments
Cash at bank and In hand||14|159
2,173
2)941
1,381|161
712
2,291
2,150|159
2)448
2,941
744|161
827
2,291
1,992|
|Total Current Assets|||6)654|6,314|6,292|5,271|
|LIABILITIES
Credllors;
Amounts|falling dus within one year|15|2,541|1,744|2,174|1,697|
|NET CURRENT ASSETS/(LIABILITIES)|||4,113|3,570|4,118|3,574|
|TOTAL ASSETSLESS CURRENT LIABILITIES|||82,869|82,236|82,890|82,239|
|CREDITORS: falling due|after mors than one year||8,925|9,525|8,925|9,525|
|Provisions
for liabilities|snd charges|17|||||
|NET ASSETS/(LIABILITIE6) BEFOREPENSION ASSET OR
LIABILITY|||73)964|72,7'I1|73,S73|72,714|
|Defined benefit pension|scheme liability|22|3,938|1,732|3,938|1,732|
|TOTAL NET ASSETS/(LIABILITIES)|||70,026|70,979|70,035|70,982|
|FUNDS OF THE COLLEGE|||||||
|Endowment
funds|||42,550|41,569|42,650|41,574|
|Restricted funds|||3,697|2,787|3,697|2,786|
|Unrestricted
funds
General funds
Designated
Funds|||(336)
28,053|90
28,266|(338)
28,062|90
26,264|
|Revaluation
reserve
Pension reserve||22|(3,938)|(1,732)|(3,938)|(1,732)|
||||70,026|70,979|70,035|70,982|
##
||||2022|2021|
|---|---|---|---|---|
|||Notes|8'000|f.'000|
|Net cash provided
by (used in) operating
activities||25|~&488|~&,557|
|Cash flows from investing
activities
Dividends,
Interest and rents from Inveslmenls
Proceeds (rom the sale ofproperty,
planl and equipment
Purchase ofproperty,
plant and equipment
Proceeds from sale of investments
Purchase of investments
Net cash provided
by (used in) investing
activities|||824
(592)
1,895
~3,335
~rS|728
273
(134)
4,264
~3,838)
3,888|
|Cash flows from financing
activities
Repayments
of borrowing|||(600)|(600)|
|Cash inflowe from new borrowing
Receipt of endowment
Net cash provided
by (used in) financing
activities|||1,397
797|644
44|
|Change In cash and cash equivalents
in the reporting|period||(788)||
|Cash and cash equlvatents
at the beginning
ofthe
reporting
period|||2&150|1,575|
|Change
in cash and cash equivalents
due to exchange|rate||||
|movements|||||
|Cash and cash equivalents
at the end ofthe reporting
period||26|1,381|2,150|
##
|||||||
|---|---|---|---|---|---|
|2|DONATIONB
AND|LEGACIES||2022|2021|
|||||E'000|E'000|
||Donations
snd Legacies|||605|1,764|
||Unrestricted
funds
Restricted
funds
Endowed
funds|||1,761
1,397
3 763|1,286
644
3,694|
|3|INCOME FROM OTkER TRADING ACTIVITIES|||2022|2021|
|||||E'000|E'000|
||Unrektdcfed
funds|||666|112|
||Subsidiary
company
trading||income|||
||Other trading Income|||||
|||||688|112|
|4|INVESTMENT INCOME|||2022|2021|
|||||E'000|E'000|
||IJnrsklrfkled
funds|||||
||Agricultural
rent|||||
||Commercial
rent|||||
||Other property income|||||
||Equity dividends|||||
||Income from fixed interest clocks|||||
||Interest on flxed|term deposits and cash||145|124|
||Other Investment|Income||||
||Bank Interest|||||
||Olher Interest|||145|124|
||Endowed funds|||||
||Agricultural
rent|||||
||Commercial
rent|||||
||Other property Income|||679|604|
||Equity dividends|||||
||(ncome trom gxed Interest slacks|||||
||Intorest on fixed|lerm deposits and cash||||
||Other Invsslmenl|(acorns||||
||Bank Interest|||||
||Olherinleresl|||679|604|
||Total Invest(neat|irlcome||824|728|
##
|ANALYSIS OF EXPENDITURE|ANALYSIS OF EXPENDITURE|ANALYSIS OF EXPENDITURE|||
|---|---|---|---|---|
||||2022|2021|
||||8800|2'000|
|Charitsbte
expenditure|||||
|Direct slsff coals allocaled||to:|||
|Teaching, research and||residential|5,841|6,231|
|Public worship|||||
|Her(legs|||||
|Olher direct coals allocated||lo;|||
|Teaching, research and||res(dan(la(|3,041|2,844|
|Public worship|||||
|Heritage|||||
|Support and governance|coals allocated lo:||||
|Teaching, research and residential|||4,422|1,851|
|Pub(to worship|||||
|Heritage|||||
|Total charitable
expenditure|||13,104|9,926|
|Expenditure
on raising funds|||||
|Direct staff coals agocaled|lo:||||
|Fundralslng|||446|405|
|Trading expenditure|||||
|Investment
management||costs|||
|Other direct coals allooa(sd||lo;|||
|Fundralslng|||126|87|
|Tradfng expend(lure|||308|94|
|Investment
management||costs|149|133|
|Supporl and governance
costs allocated to:|||||
|Fundralslng|||0||
|Trading expend(lure|||321|334|
|Investment
management||costs|||
|Total expenditure
on raising||funds|1,368|1,069|
|Total expenditure|||14,462|10,985|
||||Tearhtng||
|---|---|---|---|---|
|||Generating|and|2022|
|||Funds|Research|Total|
|||2'000|2'000|8'000|
|Financial adrnlnlstragon||120|356|476|
|Domesgc administration||39|118|157|
|Human resources|||211|211|
|IT|||126|128|
|Depreciation||163|1,110|1,273|
|Loss/(proAI}|on fixed assets||||
|Bank inlerssl|payable||272|279|
|Other((nance|charges||2,206|2,205|
|Governance|costs||21|21|
|||32r|4422|4761|
##
|finance charges are sgributsd
according to ihs purpose of Ihe related Ansncln|finance charges are sgributsd
according to ihs purpose of Ihe related Ansncln|finance charges are sgributsd
according to ihs purpose of Ihe related Ansncln|finance charges are sgributsd
according to ihs purpose of Ihe related Ansncln|g.||||
|---|---|---|---|---|---|---|---|
|No amount hss been included
in Governance
Costs for(he direct employment
these paymenls
relate lo Ihe Fellows' (ave(vernant
ln the College's charitable||||costs or reimbursed
activities. Dstegs of|expenses of Ihe
the remuneration|College Fellows an ihe basis that
of the Fellows and Ihelr reimbursed||
|expenses|sre included asasepsrals note wghin these Ananclal statements.|||||||
|||||||2022|2021|
|||||||6'000|E'000|
|Governance costs comprise;
Auditor's
rsmuneragon
-audit services|||||||20|
|Auditor's|remuneration
-assurance services other Ihan audit|||||||
|Auditor's|remuneraUon
- (ex advisory services|||||||
|Audhor's|remuneration
-other services|||||||
|Legal end|olher fees on consglugonslma(ters|||||||
|Other governance
costs||||||||
|||||||21|20|
|GRANTS AND AWARDS||2022
6'000|2021
K'000|
|---|---|---|---|
|During (he year ths College funded research
awards snd
bursar(as to sludenls
from lls funds as follows.'||||
|Unrsstrlctod
funds||||
|Grants to individuals:||||
|Scholarships,
prizes snd grants
nurseries
and hardship
awards||81|97|
|Grants to other Inslllutions
Total unrestricted|||97|
|Endowment
snd Restricted funds||||
|Grants lo individuals:
Scholarships,
prizes end grants
Bursar(ca end hardship
awards||322
77|272
113|
|Grants to other instltugons
Total restricted||399|366|
|Total grants snd awards||480|482|
##
|8|STAFF COSTS||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||The aggregate slaff costa for ihe year|were as follows.|||||2'000|2'000|
||Salaries and wages
Social security costs||||||5,507
383|5,126
359|
||Pension costs:
Defined
benefil schemes
Dagned conldibutlon
schemes
Staff costs related to pension
liabglty||||||718
166
2,206|691
182
(278)|
||||||||8980|6060|
||The average number ofemployees of(he College, excluding Truclees,
on a toll time equivalent
basis was as follows.||||||2022|2021|
||Tuition and research
College residsntiat
Public worship||||||32
89
1|26
85
1|
||Karl(age
Fundrslslng
Support||||||8
40|6
34|
||Total||||||170|152|
||The avsrsgo numbor of employed
College Trustees||during the year was as||follows.||||
||University
Lecturers
CUF Lecturers
Other leaching and research
other||||||20
8
10
10|22
9
2
8|
||Total||||||48|41|
||Ths follovring
Information
relates to ihe employees of the College excluding||||the College Trustees. Details ofihe remuneration||and reimbursed|expenses|
||oflhs College Trustees is included es|a separate nots In these gnenclal statements,|||||||
||The number ofemployees
(excluding|lha college Trustees) during||ihe year|whose gross pay and benefits (excluding|employer|Nl and pension||
||conlrlbuticns)
(ell within the following bands was:||||||||
||260,001-870,000||||||||
||670,001-280,001||||||||
||The numbers(
Ihe above employees|with retirement|benefits accruing was||as follows:||||
||In defined benefits sohemss||||||||
##
##
|The result|s and lhsfr assei|s and liabilities oflhe parent end subsidiaries
al Ih|e year end were as follows.||||
|---|---|---|---|---|---|---|
||||LMH||||
||||Hospitality||LMH Trading|Ltd|
||||Services|Ltd|||
||||POOD||f'DDO||
|Incomo||||655|||
|Expend(lure||||(260)|||
|Oonagon|lo College under|gift aid||(406)|||
|Result for|lhe year||||||
|Total assets
Total liabilities
Net funds at Ihs end ofyssr|||1,038
(634)
4D6||28
(37)
~ll||
##
|||||Permanent|Endowment||Expendable|Total|
|---|---|---|---|---|---|---|---|---|
|||||Unapplied|||Endowment|Endowments|
|||||True(for|Total||||
|||||Investment|Return|Tolal|||
|||||2'000|2'000|2'000|2'000|8'000|
||At the beginning
ofthe year:||||||||
||Gift componen( of(hs permanent
endowmeni
Unapplied
total return
Expendable
endowment
Total Endowmenls|||9,767
917I67|8,521
8,521|9,767
8,521
10,286|23,286
23,286|9,767
8,621
23285
41,574|
||Movemonts
In the reporting period:
Gillofendowment
funds|||27||27|1,370|1.39'r|
||Recoupment
of Irus( for Investment||||||||
||A(loca(ion from trust for Inveslmenl
Inveslmsn(
relurrx total Investment
tncoms
Investment
re(mn: realised and unreal(sad
Loss: Investment
management
coals
O(her transfers
Tolal||gains snd losses|27
311
311
117
117
(46)
(45)
~23 ~28
363
390|||360
312
(83)
~&3
1,954|679
429
(128)
~33
2,344|
||Unapplied
total return allocated lo Income In the period
Expendable
sndowmenis
transferred
to Income||||(614)
(614)|(614)
(614)|(667)
~86
(753)|(1,281)
~63
(1,367)|
||II(st movements
I» reporting
period|||27|(251)|(224)|1,201|077|
||At end ofIhe repor0ng
period:||||||||
||Gift co(nponent ofihe permanent
endowment
(fnspplled
(olal return
Expendable
endowmm(t
Total Endowments|||9&794
6714|8,270
8271|9,794
8,270
18M4|24486
24488|9,794
0,270
24 480
42311|
|14|DEBTORS||||2022|2021|2022|2021|
||||||Group
6'000|Group
f.'000|College
2'000|College
f.'000|
||Amounts
fslgng due within one year:
Trade debtors||||473|243|360|177|
||Amounts
owed by College members
Amounts
owed by Group under(ekings||||123|31|123
697|31
183|
||Loans repayable
viithfn one year
Prepaymenis
and accrued Income
Giber debtors||||1,540
32|400
36|1,238
30|400
30|
||Amounts
falling due after more than|one year:|||||||
||Loans||||||||
||||||2 171|712|2448|827|
|15|CREDITORS: falgng due within one|year|||2022|2021|2022|2021|
||||||Group
2'000|Group
2'000|College
6'000|College
2'000|
||Bank overdrafle
Bank loans||||600|600|600|500|
||Obligations
under finance leases
Trade credi(ors
Amounts
owod (oCo(loge Members||||322
171|346
241|322
171|346
241|
||Amounts
owed lo Group under(eklngs
Taxation and sordo( securlly||||193|105|192|102|
||College contribution
Acmuais snd deferred income||||974|262|608|208|
||Other creditors||||251|201|281|201|
||||||2641|1744|2174|1617|
##
##
|19|FUND8 OF THE COL(.EGE DETAILS|FUND8 OF THE COL(.EGE DETAILS|||
|---|---|---|---|---|
||Tho following
is asummary
ofIhe origins||and|purposes of each ofthe Funds|
||Endowmeni
Funds -Permanent:
General purpose
funds|||A consoiidagon
of glas and donsgons
where income, but not cap((sl, can be
used for Ihe general purposes of5(ocharity|
||Tutorial snd research
fellowship|funds, student||Capita(balance
ofpeal dona(iona where related Income, bul nol the original oapl(al,|
||support
funds snd other purpose|funds||can hs used for named specific purposes ofthe charity|
||Endowment
Funds - Expendable:
General purpose
funds
Tutorial snd research fellowship
funds, student
support
funds snd other purpose
funds|||Aconsolldagon
ofglks snd donagons
whsro either income, or Income and capital,
csn be used for ihs general purposes ofIhs charily
Capital balance ofpast donations
where re(sled Income, or Income and capkel,
can be used for named speclgc purposes ofthe char((y|
||Restricted
Funda(
Tutorial end research
fellowship|funds, student||Aconsogdetlon
ofgiga and donations
where both income and cap(la( oan be|
||support funds snd other purpose|funds||used for nwnsd
restricted purposes|
||Designated
Funds
Fixed asset designated|||Unrestric(sd
Funds which are represented
by the fixed assets ofthe College
and therefore not svagable
forexpenditure
on the College's general purposes|
||Designated
oepllal funds|||Unrestricted
Funds allocated by Ihe Trustees for the purpose ofpreserving
(ho capital and mainlafnlng
a long-lerrn
Income a(roam In support o(Ihe|
|||||College's acgvlllss|
||Other designated
funds|||Unrestricted
Funds allocated by the Trustees for olhsr purposes|
||The General Unrestricted
Funds|represent|eccuinuleled
Income from the Collage's actlvlges and other sources (hei sre available||
||for ihe general purposes ofthe|college|||
##
|The total remuneration
end beneBls show|n below IsR1,691k(202|1:E1,594k). Ths Iotal|ofpension|contributions
Isf3|06k (2021|:E278k).|||
|---|---|---|---|---|---|---|---|---|
|Remuneration
paid to trustees|||||||||
|||2022|||2021||||
|||Gross remuneration,|taxable||||||
||Number ot|benefits snd pension||Number of|Gros|s rsmunerallor|h|taxable|
|Range|Trustees/Fellows|contributions
f||Trustees/Fsllovrs|bensfils|E
and pension|co|niribulions|
|ro- R999||3,260||||2 712|||
|E1,000 -R1,999||0||||0|||
|R2,000 - E2,999
E3,000 -f3,999||2,452
0||||2,520
3,943|||
|E6,000 ~ EB,S99||0||||12,798|||
|R10,000- E10,989||0||||10,883|||
|E11)000- E11,999||0||||11,716|||
|r12,000 - E12,999||0||||75,658|||
|E13,000 - R13,999||0||||13,284|||
|R16,000 - E18,899||33,415||||16,300|||
|R1"/,000 -EI7,999||17,620||||17,349|||
|f18,000 -f18,999||37,006||||18,780|||
|R20,000 -E20,999
f21,000 -f21,999
f22,000 -f22,999||20,304
21,960
22,416||||0
0
0|||
|E23,000 - R23,SBS||0||||1M,BQI|||
|f24,000
R24,999||223,352||||0|||
|f25,000 - R25,99S||60,364||||25,509|||
|f28,000-f28,999||86,264||||28,639|||
|R33,000 -E33,999||33,834||||0|||
|234,ODD - 234,999||0||||34,612|||
|R36.000 -E35,999||35,282||||0|||
|E37,000 - R37,999||37,567||||0|||
|E38,000 - E36,999||38,486||||0|||
|E47,000-f47,889||0||||S4,509|||
|E51,000-651,99S
f57,000 -f67,999||51,426
D||||0
57,787|||
|R68,000 - E58,999||Q||||175,123|||
|E59,000 - 259,999||119,994||||0|||
|f60,000-E60,999||80,755||||120,691|||
|E62,000 - E62,999||62,476||||0|||
|R63,000 -f63,999||63,766||||0|||
|E65,000 -E85,999
868,000 -f88,999||0
0||||65,439
BS,216|||
|R76,000 - E78,999||78,018||||0|||
|EBS,ODD - E89,999||0||||89,335|||
|feo,ooo-Eee,ese
R91.000 -f91,999||0
0||||90,126
0|||
|E92,000 -E92,999
E93,000-f93,999
f94,000 -E94,999
EB7,0 DO -f97,999||92,741
93,294
'f88,645
0||||92,024
0
0
97,930|||
|R100,000 -f100,999||0||||100,340|||
|f101,00D - E101,999||0||||101,803|||
|6103,000 - f103,999||103,371||||0|||
|R118,000 - f116,999||116,621||||0|||
|Total||1,6S1,897||||1,593,506|||
##
##
##
##
|Members ofIhe Governing
omployses
of Iho Collogo.|Body,
Dolalls|who aro the trustees of the College
ofthese payments
and rsfmburssd|who aro the trustees of the College
ofthese payments
and rsfmburssd|and
related parties as defined
by FRS 102,receive remuneration
and factlltlss as
expenses as trustees are disclosed separately
In these gnanclal stalamenls.|and
related parties as defined
by FRS 102,receive remuneration
and factlltlss as
expenses as trustees are disclosed separately
In these gnanclal stalamenls.|and
related parties as defined
by FRS 102,receive remuneration
and factlltlss as
expenses as trustees are disclosed separately
In these gnanclal stalamenls.|and
related parties as defined
by FRS 102,receive remuneration
and factlltlss as
expenses as trustees are disclosed separately
In these gnanclal stalamenls.|and
related parties as defined
by FRS 102,receive remuneration
and factlltlss as
expenses as trustees are disclosed separately
In these gnanclal stalamenls.|and
related parties as defined
by FRS 102,receive remuneration
and factlltlss as
expenses as trustees are disclosed separately
In these gnanclal stalamenls.|
|---|---|---|---|---|---|---|---|---|---|
|The Collage has propergss|with|Itis (ollowings
net book valves owned loinlly with trustees
under joint equgy ownsrsliip||||||agrsemenls
between the trustee||
|and the College,||||||||2022|2021|
|Trustee||||||||9'000|r.'000|
|ProfJOoicoechea||||||||112|117|
|Prof N Hankins||||||||90|94|
|ProfBTHuffman||||||||97|101|
|Prof R Harding
Prof H Scen||||||||204
102|272
180|
|Total net book value ofproperges||owned lolntly with trustees||||||745|770|
|All lolnt equity properties sre sublecl tosale on Ihs departure|||ofths trustee||from the college.|||||
##
##
|34|ADDITIONAL
PRIOR YEAR COMPARATIVES|ADDITIONAL
PRIOR YEAR COMPARATIVES|ADDITIONAL
PRIOR YEAR COMPARATIVES|ADDITIONAL
PRIOR YEAR COMPARATIVES||||||
|---|---|---|---|---|---|---|---|---|---|
|a)|Consogdated
Statement|of Flnoncial Activities||||||||
||For the year ended 31July||2021 (See SOFA for current year)|||Unrestricted|Restricted|Endowed|2021|
|||||||Funds|Funds|Funds|Total|
||||||Notes|2'000|E000|POCO|2'000|
|INCOME AND ENDOWMENTS|||PROM:|||||||
||Charitable
acllvllles:
Teaching, research and|rssldonihl||||6,765|||5,765|
||Public worship|||||||||
||Heritage
Dlher Trading Income
DOnatlcne
and legacies|||||112
1,764|1,200|644|112
3,694|
||Inveslm ento|||||||||
||Inveslmsnt
income|||||124||604|?28|
|Tolai rolurn agoceted lo
Other income
Tofal Income||income|||13|1,360
612
0,637|1,286|(1,360)
(112)|512
10,81'I|
|EXPENDITURE ON.'||||||||||
||Charitable
activities:|||||||||
||Teaching, research and|resldengsl||||9,226|700||9,926|
||Publlo worship|||||||||
||Hergage|||||||||
|Generating
funds;
Fundralsing
Trading sxpsmlilurs
Invsslmsnt
managoment
costs
Total Expenditure
Net Income/{Expenditure)
before gains||||||498
428
33
10,186
546|700
588|10O
100
~212|498
428
'133
10,986
~174|
||Nel gains/(losses)
on Inveslmsnts||||10,11|1,137||5,639|6,876|
|Net|Income/(Expenditure)||||||586|5,327|8502|
|Transfers
between funds|||||||23|(32)||
|Other recognised gains/losses||||||||||
||Gains/(losses)
on revaluation||of Bxed assets|||||||
||Actuarial gains/(losses)
on|defined||benefit pension schemes||||||
|Net movement
in funds for the
Fund balances
brought
forward|||year|||598
26,021|609
2,177|5,295
36,2/9|6,602
64,477|
|Funds carrlod forward at 31July||||||M,619|2,786|41,674|70,978|
|b)|Property Investmanls|||||||||
||Forthe year ended 31July||2021 (See note 10(or current year)|||||||
||Group a college|||||Agricultural|Commercial|Othor|2021
Total|
|||||||P000|2'000|2'000|8'000|
||Valuation sl start ofyear|||||||2,246|2,245|
||Additions
and improvements||eicoal|||||||
||Dlspoasis|||||||(470)|(470)|
||Revaluation
gains/(losses)|In the year||||||||
||Valuation
at end ofyear|||||||1,776|1,775|
##
##
||Ths results and their assets end|Dsb(Biles|ofIhs parent and subsidiar|ies
at Ihe year ended|31 July 2021 w|ere as (ollow|s.||
|---|---|---|---|---|---|---|---|---|
||||||||LMH||
||||||||Hospitality|LMH Trading
L(d|
||||||||Serv(ces Ltd||
||||||||f'000|CODD|
||Income||||||112||
||Expendl(urs
Oonagcn to College under gift aid||||||(61)
(51)|(3)|
||Result fcr Ihe year||||||||
||Total sseeis||||||196|29|
||Total llebllllloa||||||(192)|(37)|
||Net funds al Ihe snd ofyear||||||||
|d)|Statement ofInvestment
Total Return
For ihs year ended 31July 2021 (See note 13for current year)|||Psrmsnsn(|Endowment||Expendable|Total|
|||||Unapplied|||Endowmsnl|Endowments|
|||||Trust for|Total||||
|||||lnvssimsnl|Return|Total|||
|||||PDOO|PODO|f.'000|2'000|80000|
||At the beginning
ofthe year:
Gift ccmponenl ofths permanent
Unapplied
total return
Expendable
endowment
Total Endowments|endowment||9,767
0,767|6,272
6,272|D,TBT
8,272
18,039|20240
20,240|9,767
6,272
20,240
36,279|
||Movemenls
In the reporting
perlodr
Gift ofsndowmenl
funds||||||644|844|
||Recoupment
oftrust for Invesimen(||||||||
||Allocelfon
from trust for Inveslmsnt||||||||
||Invsslmenl
return: lotsl Investmenl
Inconie
loves(ment
return: realised and unreaBeed
Loss: Investmenl
management
coals
0(her Iransfers
Tote(||gains end losses|260
280
2,568
2,588
(42)
(42)
~20 ~20
2,786
2,785|||324
2,971
(58)
~13
3,868|6D4
5,530
(100)
~33r|
||Unapplied
tolal re(urn allocated lo income
In lhs period
Expendable
endowments
transferred
to Income||||(537)
(537)|(537)
(537)|(733)
~9D
(023)|(1,270)
~9D
(1,360)|
||Ite( movemsnts
In reporting
period||||2,249|2,249|3,045|5,294|
||At end ofths roportlng
period:
Gift componen( ofthe permanent
Unapplied
lo(al return
Expendable
endowment
Total Endowments|endowment||D,767
,767|8,521
8,521|9,T67
8,521
18,288|23,285
23,285|9,787
0,621
23,265
41,673|
##
|e)|Analysis ofMovements
on Funds||||||||
|---|---|---|---|---|---|---|---|---|
||For the year ended 31July 2021(sse note 18|for current year)|||||||
|||Al 1August||Incoming|Resources||Gains!|At 31July|
|||2020||resources|expended|Transfers|(losses)|2D21|
|||2'000||2'000|O'OOO|POOD|POOD|6'ODD|
||Erldowmant
Funds - Permanent||||||||
||General purpose
funds|6,182||149|(16)|(256)|991|7,050|
||Tulorial and research
(ellowshlp
funds|7,153||126|(19)|(274)|1,143|6,129|
||Studantsupportfunds|2,393||42|(6)|(53)|384|2,760|
||Other purpose
funds|311||5|(1)|(12)|50|353|
||Endowment
Funds - Expendable||||||||
||General purpose
funds
Tulorfal and research
fegowship
funds|8,892
8,460||87
122|(22)
(17)|(217)
(350)|800
1,034|7,240
?,249|
||Student support
funds
Olher purpose
funds
Total Endowment
Funds - College|6,480
l08
30270|,|428
289
I 200|(17)
(2)
~100|(210)
(20)
~I,392|1,040
97
5,539|?,721
1,0?2
41,574|
||Endowment
funds held by subsidiaries
Total Endowment
Funda -Group|30,270||1230|~100|~1.302|5,539|41,674|
||Restrloled
Funds||||||||
||Ouildings
(unde
Tulorial and research
followshlp
funds|978||7
251|(389)|(7)
32||872|
||Student supportfunds
Olher res(ricled funds|1,014
185||306
722|(176)
(135)|(2)||1,142
'l72|
||Trans(ers
from specific purpose
endowmenls:||||||||
||Applied (o(al re(urn||||||||
||Olher (rene(ere||||||||
||Total Restricted Funds -College|2,177||1,208|~700|||2786|
||Reslrlcled
funds hald by aubsidlarlos||||||||
||Total Restricted Funds - Group|2,177||1,208|~700|23||2 786|
||Ur'u'est(late(I
Fun(le
General (unde
Fixed Asset Oeslgnaled
funds
Designated
capital funds|(76)
20,546
7,563||8.153
124|(10,430)|2,4462
(790)
(286)|1,137|90
19,766
8,505|
||Oeslgnaled
olhsr funds||||||||
||Ravalualion
reserve||||||||
||Ponsion reserve|(2,010)|||278|||(10732)|
||Total Unrestricted
Funds - Collage|26,021||0277|~10,308|1 369|1 137|28619|
||Unroslrirlad
(unde hald by subsidiaries||||||||
||Total Unreslrlclerl
Funds - Group|28021||8277|~10,18,5|1,369|1,137|26619|
||Total Funds|64,477||10811|(10,985)||8,676|?D,D79|