#
##
##
|||||(2)|(3)|(4)|
|---|---|---|---|---|---|---|
|Mrs Kate Alderson-Smith|||||||
|Rev Alex Bradley||Retired 30/06/2022|||||
|Professor Jan-Emmanuei|De Neve||||||
|Dr Eric Eve||Retired 30/g/2022|||||
|Mr Brian Fidler|||||x|x|
|Dr Gina Hadley|||||||
|Mr Harry Henderson|||||||
|Professor Richard Hobbs||Retired 30/9/2022|||||
|Dr Hayley
Hooper|||||||
|Dr Joshua
Hordern|||||||
|Mr George Hudson|||||||
|Dr Linda Hulin|||||||
|Mr Peter Hyde||Resigned|31/10/2022||||
|Dr Catherine
Jackson|||||||
|Dr Crispin Jenkinson|||||||
|Ms Victoria
Lill|||||||
|Rev Dr Claire MacDonald||Elected 02/1 1/2022|||||
|Professor William Mander|||||||
|Dr Ross McAdam||Resigned|18/06/2022||||
|Professor Alister McGrath||Retired 30/9/2022|||||
|Professor Kate McLoughlin|||||||
|Professor Alex Nicholls|||||||
|Professor Patrik Rorsman|||||||
|Professor Ronald Roy|||||x|x|
|Dr isabel Ruiz|||||||
|Professor Jane Shaw|||||||
|Professor Lesley Smith|||||||
|Dr Harrison
Steel|||||||
|Dr Kristin van Zwieten||
|---|---|
|Dr John Vella||
|Mr Ashley Walters|Elected 06/1 0/2021|
|Professor Matthew Weait|Elected 20/4/2022|
|Dr BeeWee||
##
|COLLEGE SENIOR S|TAFF|TAFF||||
|---|---|---|---|---|---|
|The senior staff ofthe|College to whom day to day management||is delegated||are as follows.|
|Principal||Jane Shaw||||
|Senior Tutor||Lesley Smith||||
|Academic Administrator||Victoria
Lill||||
|Bursar||Peter Hyde (resigned||31/10/2022)||
|Domestic Bursar||Clare Davis||||
|Director ofGovernance|&Projects|Ashley Walters||||
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||||||Unrestricted|Restricted|Endowed|2022|2021|
|---|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|Funds|Total|Total|
|||||Notes|D000|D000|E000|6'000|Eooo|
|INCOME AND ENDOWMENTS|||FROM:|||||||
|Charitable
activitlesr||||||||||
|Teaching, research|and residential||||2,510|||2,510|1,717|
|Public worship||||||||||
|Hentage||||||||||
|Other Trading income|||||3|||3|4|
|Donations and legacies|||||1,823|1,598|820|4,241|2,302|
|Investments||||||||||
|Investment
income|||||803|14||617|601|
|Total return allocated||to income||||||||
|Other income|||||28|||28|228|
|Total income|||||4,967|1,612|820|7,399|4,852|
|EXPENDITURE ON:||||||||||
|Charitable
activities:||||||||||
|Teaching,
research|and residential||||3,380|1,592||4,972|4,225|
|Public worship||||||||||
|Heritage||||||||||
|Generating
funds:||||||||||
|Fundraising|||||56|38||94|175|
|Trading expenditure||||||||||
|Investment
management|||costs|||||||
|Total Expenditure|||||3,441|1,630||5,071|4,409|
|Net Income/(Expenditum)||before gains|||||920|2.328|443|
|Net gains/(losses)
on investmenls||||10|||(193)|(193)|2,358|
|Net Income/(Expenditure)|||||1,526|(18)|627|2,135|2,801|
|Transfem
between funds||||15|112|(100)|(12)|||
|Other recognised
gains/losses||||||||||
|Gains/(losses)
on revaluation|||offixed assets|||||||
|Actuarial
gains/(losses)||on defined benefit pension schemes||||||||
|Net movement
in funds for the year|||||1,838|(118)|815|2,135|2,801|
|Fund balances
brought forward||||15|2,219|24,147|16,736|43,102|40,301|
|Funds carried forward at||31July|||3,857|24,029|17,351|45,237|43,102|
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||College|College|
||||||6'000|0000|
|FIXEDASSETS|||||||
|Tangible assets||||9|24,347|24,883|
|Heritage assets||||10|||
|Property investments||||10|||
|Other Investments||||10|17,351|16,736|
|Total Fixed Assets|||||41,698|41,619|
|CURRENT ASSETS|||||||
|Stocks|||||14|11|
|Debtors|||||751|703|
|Investments|||||||
|Cash at bank and|in|hand|||4,456|2,212|
|Total Cur
mnt Assets|||||5,221|2,928|
|LIABILITIES|||||||
|Creditors: Amounts||falling due within one year|||718|825|
|NET CURRENT ASSETS/(LIABILITIES)|||||4,503|2,101|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||||46,201|43,720|
|CREDITORS: faglng|due||after more than one year|13|270|270|
|Provisions
for liabilities|||and charges|14|||
|NET ASSETSI(LIABILlllES) BEFORE PENSION ASSETOR|||||||
|LIABILITY|||||46,931|43,450|
|Defined benefit pension|||scheme liabilay|19|694|348|
|TOTAL NET ASSETSI(LIABILITIES)|||||45,287|43,102|
|FUNDS OF THE COLLEGE||||15|||
|Endowment
funds|||||17,351|16,736|
|Restricted funds|||||24,029|24,147|
|Unrestricted
funds|||||||
|Designated
funds|||||1,660|1,869|
|General funds|||||2,891|898|
|Revaluation
reserve|||||||
|Pension msarve|||||(694)|(348)|
|||||||43.102|
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||Notes|E000|P000|
|Net cash provided
by (used|in) operating||activities|||22|1,663|378|
|Cash flows from investing|activities||||||||
|Dividends,
interest and rents from investments|||||||617|801|
|Proceeds from the sale ofproperly,||plant and equipment|||||||
|Purchase ofproperty,
plant and equipment|||||||(38)|(8)|
|Proceeds from sale ofinvestments||||||||(82)|
|Purchase ofinvestments||||||||75|
|Net cash provided
by (used|in) investing||activities||||||
|Cash flows from financing|activities||||||||
|Repayments
ofborrowing|||||||||
|Cash inflows from new borrowing|||||||||
|Receipt ofendowment|||||||820||
|Net cash provided
by (used|in) financing||activities||||820||
|Change
in cash and cash equivalents||in the||reporting|period||2,244|964|
|Cash and cash equivalents|at the beginning|||ofthe|||||
|reporting
period|||||||2,212|1,248|
|Change
In cash and cash equivalents||due to||exchange|||||
|rate movements|||||||||
|Cash and cash equivalents|at the end ofthe|||reporting|||||
|period||||||24|4,456|2,212|
##
|1|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|||
|---|---|---|---|---|
||||2022|2021|
||Teaching, Reseamh
and|Residential|2'000|C000|
||Unrestncted
funds||||
||Tuition fees - UK and EU students||387|483|
||Tuition fees - Overseas|students|828|899|
||Other fees||77|60|
||Other HEFCE support||35|13|
||Other academic income||192|58|
||College residential
income||991|404|
||||2,510|1,717|
||Restricted
funds||||
||Tuition fees - UK and EU students||||
||Tuition fees - Overseas|students|||
||Other fees||||
||Other HEFCE suPPort||||
||Other academic income||||
||College residenbal
income||||
||Endowed
funds||||
||Tuition fees - UK and EU students||||
||Tuition fees - Overseas|students|||
||Other fees||||
||Other HEFCE support||||
||Other academic income||||
||College residential
income||||
||Total Teaching, Research|and Residential|2,510|1,717|
||Public worship||||
||Unrestncted
funds||||
||Choir school fees||||
||Other||||
||Restncted
funds||||
||Choir school fees||||
||Oner||||
||Endowed
funds||||
||Choir school fees||||
||Other||||
||Total Public worship||||
||Heritage||||
||Unrestricted
funds||||
||Hentage Income||||
||Other chsntsble
income||||
||Restncted
funds||||
||Hentage
Income||||
||Other charitable
income||||
##
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||2'000|B000|
||Donations
and Legacies|||||||
||Itnrestricted
funds|||||1,023|954|
||Restricted
funds|||||1,698|1,340|
||Endowed
funds|||||820||
|||||||4,241|2,302|
|3|INCOME FROM OTHER TRADING ACTIVITIES|||||||
|||||||2022|2021|
|||||||2'000|C000|
||Subsidiary
company||trading|income||||
||Other trading
income|||||||
|4|INVESTMENT INCOME|||||||
|||||||2022|2021|
|||||||6'000|E000|
||Unresrncred
funds|||||||
||Agncultural
rent|||||||
||Commeroal
rent|||||12|12|
||Other properly
income|||||13|13|
||Equity dividends|||||575|566|
||Income from fixed||interest|stocks||||
||Interest on fixed|term deposits|||and cash|||
||Other investment||income|||||
||Bank interest|||||||
||Other interest|||||||
|||||||603|594|
||Restricted funds|||||||
||Agncultural
rent|||||||
||Commeroal
rent|||||||
||Other property
income|||||||
||Equity dividends|||||14||
||Income from fixed||interest|stocks||||
||Interest on fixed|term deposits|||and cash|||
||Other investment|income||||||
||Bank interest|||||||
||Other interest|||||||
|||||||14||
||Endowed
funds|||||||
||Agncultural
rent|||||||
||Commercial
rent|||||||
||Other property
income|||||||
||Equity dividends|||||||
||Income from fixed||interest|stocks||||
||Interest on fixed|term deposits|||and cash|||
||Other investment|income||||||
||Bank interest|||||||
||Other interest|||||||
||Total Investment|Income||||617|601|
##
|ANALYSIS OF EXPENDITURE|ANALYSIS OF EXPENDITURE|||
|---|---|---|---|
|||2022|2021|
|||r.'000|5'000|
|Charitable
expenditum||||
|Direct staff costs agccated to:||||
|Teschmg
research and residential||1,770|1,769|
|Public worship||||
|Heritage||||
|Other direct costs allocated|to|||
|Teaching,
research
and residential||1,616|1,264|
|Public worship||||
|Hentage||||
|Support and governance
costs allocated to||||
|Teaching,
research snd residential||1,588|1,192|
|Public worship||||
|Hentage||||
|Total charitable
expenditure||4,972|4,225|
|Expenditure
on raising funds||||
|Direct staff costs allocated to.||||
|Fundraising|||142|
|Trading expenditure||||
|Investment
management|casts|||
|Other direct costs allocated|to|||
|Fundraising||12||
|Trading expenditure||||
|Investment
management|costs|||
|Support and governance
costs agocsted to||||
|Fundraising||18||
|Trading
expenditure||||
|Investment
management|costs|||
|Total expenditure
on raising|funds|99|184|
|Total expenditure||5,071|4,409|
|The teaching
and research costs|mclud|e Cogegs Contribution
payable ofEok (2021 - Eok).|||
|---|---|---|---|---|
||||2022|2021|
||||Total|Total|
|Included
within
the resources expended||above are|6'000|E000|
|Impairment
charges|||||
|Stock recognised as sn expense|in the|year|||
|Opershng
lease payments|||||
|Foreign exchange losses|||||
||||Teaching||||
|---|---|---|---|---|---|---|
|||Generating|and|Public||2022|
|||Funds|Research|Worship|Hentage|Total|
|||E'000|E'000|f000|E'000|E'000|
|Finanoai
administration||21|242|||263|
|Domestic administration|||280|||280|
|Human
resources|||4|||4|
|IT|||122|||122|
|Depreciation|||573|||573|
|Loss/(profit)|on fixed assets||||||
|Bank interest payable|||||||
|Otherfinance|charges||347|||347|
|Governance|costs||16|||18|
|||21|1,586|||1,607|
||||1caching||||
|||Generating|situ|Public||2021|
|||Funds|Research|INorship|Heritage|Total|
|||0000|E'000|000|E'000|E'000|
|Finanoal
administration||35|394|||429|
|Domestic administration|||||||
|Human
resources|||1|||1|
|IT|||143|||143|
|Depreciation|||589|||589|
|Loss/(profit)|on fixed assets||||||
|Bank interest|payable||||||
|Otherfinance
Governance|charges
costs||(25)
17|||(28)
17|
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||0000|E'000|
|Governance costs comprise:||||||||
|Auditor's|remuneration-||audit services|||17|17|
|Auditor's|remuneration|-|assurance|services other than audit||||
|Auditor's|remuneration|-|tax advisory|services||||
|Auditor's|remuneration|-|other services|||||
|Legal and|other fees on||constitutional||mshers|||
|Other governance
costs||||||||
||||||||17|
##
|GRANTS AND AWARDS||||2022|2021|
|---|---|---|---|---|---|
|||||E000|E000|
|During the year the College funded||research awards and||||
|bursaries to students
from|its rsstnctsd||snd|||
|unrsstnctsd
fund as follows||||||
|Unrestricted
funds||||||
|Grants to individuals||||||
|Scholsmiiips,
prizes and grants||||3||
|Bursaries and hardship|awards|||13|15|
|Grants toother institubons||||||
|Total unrestricted||||16|16|
|Restricted funds||||||
|Grants to individuals:||||||
|Scholarships,
prizes and grants||||104|170|
|Bursaries and hardship|awards|||10||
|Grants toother institubons||||||
|Total restricted||||114|170|
|Total grants and awards||||130|185|
##
##
|STAFF COSTS||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2022|2021|
|The aggregate
staff costs for the year were as||||||follows.||||ffooo|Dooo|
|Salaries and wages||||||||||1,990|1,954|
|Social secunty costs||||||||||191|177|
|Pension costs||||||||||||
|Defmed benefit schemes|||- employer's||contributions|||||156|166|
|Defined contnbution||schemes -||employers||contnbubons||||55|50|
|~efmed benefit schemes|||- movement||on pension|||provision||347|(27)|
|Other benefits||||||||||||
|||||||||||2,739|2,320|
|The average
number|of|employees||ofthe|College||excluding||Trustees,|||
|on s full time equivalent||basis was||as follows.||||||2022|2021|
|Tuition and research||||||||||5|3|
|College residential||||||||||22|22|
|Public worship|||||||||||1|
|~entsge||||||||||||
|Fundraismg||||||||||1|2|
|Support||||||||||14|12|
|Total||||||||||42|39|
|1he average
number|of|employed||College Trustees|||dunng the year was as follows.|||||
|university
Lecturers||||||||||||
|CUF Lecturers||||||||||||
|Other teaching
and research||||||||||||
|Other||||||||||||
|Tots I||||||||||20|20|
##
|Coaege||Leasehold|Freehold|Plant and|Fixtures,||
|---|---|---|---|---|---|---|
|||land and|land and|machmery|fiitings and||
|||buildings|buildings||equipment|Tots I|
|||6'000|BOOO|6'000|BOOO|6'000|
|Cost|||||||
|At start ofyear|||28,257|126|662|29,045|
|Additions||||3|35|35|
|Dispossls|||||||
|At end ofyear|||28 26'7|129|697|29,083|
|Depreciation|and impairment||||||
|At start ofyear|||3,496|119|547|4,162|
|Charge for the|year||512|4|58|574|
|On disposals|||||||
|Impairment|||||||
|At end ofyear|||4,008|123|||
|Net book value|||||||
|At end ofyear|||24,249|8|92|24,347|
|At start ofyear|||24,761|7|115|24,883|
|Ai investments
srs held|Ai investments
srs held|st fair value.|||||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||C000|E000|
|Group investments|||||||||
|Valuation st start of|year||||||16,736|14371|
|New money mvested|||||||808||
|Amounts
withdrawn|||||||||
|Reinvested
income|||||||||
|Investment
management||fees|||||||
|(Decrease)/increase|in value of investments||||||(193(|2,358|
|College investments|at|end ofyear|||||17,361|18,738|
|College Investmenls|comprise:||Held outside|Held in|2022|Held outside|Held in|2021|
||||Ihe UK|the UK|Total|the UK|the UK|Total|
||||0000|0000|M000|5'000|5000|E'000|
|Equity investments||||16,968|16,968||16,020|16,020|
|Global multi-asset
funds|||||||||
|Property funds||||141|141||141|141|
|Fixed interest stocks|||||||||
|Alternative
and other|mvestments||||||||
|Fixed term depowts|and|cash||242|||575|575|
|Total group investments||||17,351|I'7,351||16,736|16736|
##
|DEBTORS||||
|---|---|---|---|
|||2022|2021|
|||College|Colega|
|||6'000|0000|
|Amounts
falling due|within one year:|||
|Trade debtors||(36)|36|
|Amounts
owed by College members||23|1|
|Amounts
owed by Group undertakings||||
|Loans repayable
withm one year||||
|Prepayments
and accrued income||410|68|
|Other debtors||353|598|
|Amounts
faglng due|after more then one year:|||
|Loans||||
|CREDITORS: falling|due within one year|||
|||2022|2021|
|||College|College|
|||D000|D000|
|Bank overdrafts||||
|Bank loans||||
|Obligations
under finance leases||||
|Trade creditors||66|32|
|Amounts
owed to College Membem||||
|Amounts
owed to Group undertalungs||||
|Taxation and sooal security||69|49|
|College contribution||||
|Accruals
and deferred|income|220|152|
|Other creditors||355|592|
|||718|825|
|CREDITORS: falling due after more than one year||||
|||2022|2021|
|||College|College|
|||5'000|r000|
|Bsnkloans||||
|Obligations
under finance leases||||
|Other creditors||270|270|
|||270|270|
|Bank overdrafts|
|---|
|Bank loans|
|Obligations
under finance leases|
|Trade creditors|
|Amounts
owed to College Membem|
|Amounts
owed to Group undertalungs|
|Taxation and sooal security|
|College contribution|
|Accruals
and deferred
income|
|Other creditors|
|2022|2021|
|---|---|
|College|College|
|D000|F000|
##
|15|ANALYSIS OF MOVEMENTS|ANALYSIS OF MOVEMENTS|ANALYSIS OF MOVEMENTS|ANALYSIS OF MOVEMENTS|ON FUNDS|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||AII Angus'I|Incoming|Resoiirces||Gsinsl|At 31July|
|||||||2021|resources|expended|Transfers|(losses)|2022|
|||||||r.'000|E000|E000|r.'000|r.'000|2'000|
||Endowment
Funds - Permanent|||||||||||
||College Endowment|Fund||||9,784||||(112)|9,672|
||Edward Robert lssmaton||Wills||Endowment|6,671||||(81)|6,690|
||Endowment
Funds|- Expendable||||||||||
||Scholarship
Funds|||||281|620||(12)||1,089|
||Total Endowment|Funds||- College||18,736|820|||||
||Endowment
funds
held||by subsidianes|||||||||
||Total Endowment|Funds||-Group||16736|820|||||
||Restricted Funds|||||||||||
||Development
Funds|||||22 796||(524)|||22,272|
||Scholarship
Funds|||||290|88|(119)|12||261|
||Farmington
Institute|Fund||||169|615|(448)|(77)||259|
||Distinguished
Careers Institute||||Fund|83||(31)|||52|
||Wegbeing
Resesmh|Centre||||653|642|(427)|(35)||633|
||Development
Office|||||64||(37)|||27|
||Fellowship
Funds|||||46|35|(28)|||53|
||Other Funds|||||46|252|(16)|||282|
||Total Restricted
Funds||-College|||24,147|||||24,029|
||Restricted
funds held by||subsidisnes|||||||||
||Total Restricted Funds||- Group|||24 147|||||24,029|
||Unrestricted
Funds|||||||||||
||Development
Funds|||||1,669||(9)|||1,660|
||Fixed asset designated||Fund|||||||||
||General
funds|||||898|4 967|(3,085)|112||2,892|
||Revaluation
reserve|||||||||||
||Pension reserve|||||(348)||(347)|||(695)|
||Total Unrestricted|Funds||-College||2.219|4,967|(3441)|112||3857|
||Unrestricted
funds held||by subsidianes|||||||||
||Total Unrestricted|Funds||- Group||2.219|4,967|(3,441)|112||3,857|
||TotalFunds|||||43,102|7,399|(5,071)||(193)|45,237|
##
##
|The following|The following|iss summary|iss summary|iss summary|of|the angina and|purposes ofeach ofthe Funds||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Endowment||Funds|- Permanent:||||||||||
|Cohege Endowment|||Fund||||A consolidation
of gil'ts and donations
where capital and income, or only the|income,|||||
||||||||can be used for the general
purposes
ofthe chanty. Part ofthese funds may||||||
||||||||have been designated
for 4 particular
purpose
by the Govermng
Body.||||||
|Edward Robert Hamilton||||yyits||Endowment|A speofic donation
to be used to enhance the permanent
endowment
ofthe|Cotege|||where||
||||||||the income can be used for the general
purposes
ofthe chanty||||||
|Endowment||Funds|- Expendable:||||||||||
|Scholarship||Funds|||||A bequest where the use ofthe income is foraspeofic purpose so designated||||||
||||||||by the donor and which can only be used for that purpose
or activity||||||
|Restricted|Funds:||||||||||||
|Development||Fund|||||A consolidation
ofgifts and donations
where both income and capital can be||||||
||||||||used for acquisition
replacement
and maintenance
ofthe College functional|buildings.|||||
|Scholarship|Funds||||||A consolidsbon
ofgifts and donations
where both income and capital can be||||||
||||||||used for student scholarships
prizes and support.||||||
|Farmington|Institute||Fund||||Restricted
funds include income of6303000 given as a grant by the Farmington||Trust||||
||||||||to support the chantable
activities ofthe Farmington
Institute. The charitable|activities|||||
||||||||ofthe Institute were transferred
to Hams Manchester
College on I August 2015||the||||
||||||||Farmington
Trust having
determined
that its charitable
obiects would be best||||||
||||||||achieved
through
such a transfer.||||||
|Distinguished||Careers institute||||Fund|A fund to provide a term-long
programme
for mid- and late - term professionals||||||
||||||||who want structured
time to think about 'whet next'||||||
|Yye0being Research|||Centre||||The We0being
Research Centre is a hub for researchers
addressing
the issues of human||||||
||||||||we0being
and conducting
research
in different
fields such as economics, behavioural||||seance,||
||||||||psychology,
philosophy
snd the environment.
The Centre also hosts regular research||||seminars||
||||||||social events and will be organismg
future academic talks and conferences.||||||
||||||||In 2021/2022, Wetbeing
Research Centre entered
into an agreement
with World||Weilbeing|||Centre|
||||||||a UK company ofwhich Professor Jan-Emmanuel
de Neve, is a director||||||
||||||||with a view to the latter providing
funding
to the former for research pumoses.||||||
|Development||Office|||||A grant from the College Contnbutions
Fund to fund the creation ofa Development|||Office'|||
|Fellowship|Funds||||||A consolidation
ofgifts and donations
where the income is to be used to support||||||
||||||||Cogege fellowships.||||||
|Other Funds|||||||A consolidation
ofgifts and donations
received for suppori ofgeneral
running|of|College||||
||||||||1his includes
funding
received
via CCF.||||||
|Designated|Funds||||||||||||
|Fixed asset|designated||||||Unrestricted
Funds which are represented
by the fixed assets ofthe College||||||
||||||||and therefore
not available
for expenditure
on the Co0ege's general
purposes.||||||
||||||||The Trustees
have transferred
the balance on this fund mto general
cogega||||||
||||||||reserves as it is no longer considered
necessary
to show separately||||||
|Designated|Revenue||Funds||||Designated
Revenue
Funds represent
monies nng-fenced
for speofic purposes||by|Governing|||
||||||||Body||||||
|Development||Fund|||||Unrestncted
Funds allocated
by the Fellows for future costs of||||||
||||||||replacement
snd maintenance
ofthe College functional
buildings||||||
##
##
|ANALYS|IS OF NET ASSETS BETWEEN FUNDS|||||
|---|---|---|---|---|---|
|||Unrestncted|Restncted|Endowment|2022|
|||Funds|Funds|Funds|Total|
|||E'000|f000|f000|t.'000|
|Tangible|fixed assets|17,952|6,395||24,347|
|Property|investments|||||
|Other investments||||17,351|17,351|
|Net current assets||(13,131)|17,634||4,503|
|Long term liabilities||(270)|||(270)|
|Peneon|scheme
liability|||||
|||3,857|24,029|17,351|46,237|
|||Unrestncted|Restncted|Endowment|2021|
|||Funds|Funds|Funds|Total|
|||6'000|6'000|6'000|6'000|
|Tangible|fixed assets|17,964|6,919||24,883|
|Properiy|mvestments|||||
|Other mvestments||||16,736|16,736|
|Net current assets||(15,101)|17,228||2,127|
|Long term liabilibes||(270)|||(270)|
|Pension|scheme liability|2219|24,1|16,736|(374)
43,102|
##
##
##
|||2022|||2021||
|---|---|---|---|---|---|---|
|||Gross remuneration,|taxable||Gross remuneration,|taxable|
||~umber ot|benefits and pension||Number ol|benefits and pension||
|Range|Trustees/Fellows|contributions||Trustees/Fellows|co/ltfibutlohs||
||||||E||
|51,000-21 999||1 500|||1,500||
|56 000-E6,999|||||6,742||
|E7000-E7999|||||7,832||
|E'8,000-r8,999||8,091|||||
|E9,000-59,999||19,497|||9,597||
|r10,000-510,999||10,910|||||
|r11,000-511,999|||||23,253||
|E12 000-512,999||50,451|||37,798||
|521,000-521,999|||||21,772||
|537,000-E37,999|||||37,945||
|E40.000-F40,999|||||40,943||
|E42,000-E42,999|||||42 945||
|544,000-E44,999||44,904|||||
|E47,000-547,999||95,720|||141,712||
|E48,000-548,999||48 139|||||
|557,000&57,999||57780|||||
|563,000-563999||63538|||||
|E68,000-568999||68659|||||
|E70,000470 999||70587|||||
|E73,000-E73,999|||||73,377||
|E75,000-f75,999||75,089|||||
|r78,0004'.78,999|||||78,237||
|E79,000-579,999||79422|||||
|5'81 000-581,999|||||81,632||
|E127,000-5127,999|||||127,938||
|5130,000-5139,999||132,802|||||
|Total|20|827,089||20|733,223||
##
##
##
|Qualified|Qualified|actuanes psriodicely|actuanes psriodicely|actuanes psriodicely|actuanes psriodicely|value the USS defined benefits|value the USS defined benefits|value the USS defined benefits|using the 'projected|using the 'projected|using the 'projected|using the 'projected|unit|method'|embraang|embraang|a|market value approach. The resultmg|market value approach. The resultmg|market value approach. The resultmg|levels of|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|contnbution
take|||account ofactuanal surpluses||||or defiots|m the scheme.|||The financial|||assumptions||were|derived||from market conditions
prevailing||at the|
|valuation||date. The||msults ofthe latest actuanal|||valuation|and|the|assumption
which have the|||||most|sigmficant||effect on the results were||||
|||||||||||||||||||||USS||
|Date of|valuation|||||||||||||||||||31/03/2020||
|Date of|valuation||results||published|||||||||||||||30/09/2021||
|Value of||liabilities||||||||||||||||||EBO.Bbn||
|Value of||assets||||||||||||||||||EBe.5bn||
|Funding||Surplus/(Deficit)||||||||||||||||||(514lbn)||
|Pnncipal||assumptions||||||||||||||||||||
|||||||||~recount||rate|||||||||a|Fixed Interest||
|||||||||||||||||||||gilt paid curve||
|||||||||||||||||||||plus 1%- 2.75%||
|||||||||Rate|of increase|||in satanas||||||||n/a||
|||||||||Rate|ofincrease|||in pensions|||||||b|CPI +005%c||
|Assumed|I/fe sxpsctances|||on|retirement|atsge 65||||||||||||||||
|||||||||Males currently|||aged 65|||||||||23.9 yrs||
|||||||||Females||currently||aged|65|||||||25.5 yrs||
|||||||||Males currently|||aged 45|||||||||25.9 yi's||
|||||||||Females||currently||aged|45|||||||27.3 yrs||
|Fundmg||Ratios||||||||||||||||||||
|||||||||Technical||Provisions
basis||||||||||83%||
|||||||||Statutory||Pension||Protection||Fund basis||||||64%||
|||||||||'Buy-out"||basis||||||||||51%||
|||||||||||||||||||||21.1'y to||
|||||||||||||||||||||21 4'4 from I||
|Employer's
contribution|||||rate (as '4 ofpensionable||salsnss):|||||||||||||Oct 21||
|Effective||date of|next|valuation.||||||||||||||||31/03/2023||
##
##
|Scheme||||2022|2021|
|---|---|---|---|---|---|
|||||6000 s|6000's|
|Universities|Su ersnnuation||Scheme|156|155|
|Pensions Trust Growth||Plan|Series t and 2|||
|Pensions Trust Growth||Plan|Sensa 4|55|60|
|Total||||211|215|
##
##
|The financial statements
include the foBowing|The financial statements
include the foBowing|The financial statements
include the foBowing|The financial statements
include the foBowing|The financial statements
include the foBowing|m|respect ofitems held at fair|value|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||2022|||2021||
|||||||||Gains I|||Gams/|
|||||||Income|Expense|(losses)|Income|Expense|(losses)|
|||||||E000|5'000|6'000|E000|f."000|E000|
|Financial assets measured|at fair value through|||||profit or||(193)|||2,358|
|lass||||||||||||
|Financial
liabikties measured||at fair value||through||profit||||||
|oi' loss||||||||||||
|Finanaal assets measured|st amortised||cost|||||||||
|Fmanoal
liabilities measured||at amorksed||cost||||||||
|RECONCILIATION
OF NET||INCOMING|RESOURCES TO|||||||||
|NET CASH FLOW FROM OPERATIONS||||||||||||
|||||||||||2022|2021|
|||||||||||000|E000|
|Net income/(expenditure)||||||||||2,135|2,801|
|Elimination
ofnon-operating||cash flows:||||||||||
|Investment
income||||||||||(917)|(601)|
|(Gams)/losses
in investments||||||||||193|(2,358)|
|Endowment
donations||||||||||(820)||
|Depredation||||||||||574|589|
|(Surplus)/loss
on sale offixed assets||||||||||||
|Decrease/(Increase)
in stock||||||||||(3)|(11)|
|Decrease/(Increase)
in debtors||||||||||(48)|(223)|
|(Decrease)/Increase
in creditors||||||||||(107)|207|
|(Decrease)/Increase
in prowsions||||||||||||
|(Decrease)/Increase
in pension scheme|||liability|||||||348|(26)|
|Net cash pmvided
by (used||in) operating||aativities||||||1,663|378|
|ANALYSIS OF CHANGES
IN NET GEST||||||||||Other non||
|||||||||At 01/08/21|Cashflows|oash|At 31/07/22|
|||||||||||changes||
|Cash and cash equivalents||||||||||||
|Cash at bank and in hand||||||||2,212|2,244||4,456|
|ANALYSIS OF CASH AND CASH EQUIVALENTS||||||||||||
|||||||||||2022|2021|
|||||||||||000|2'000|
|Cash at bank and m hand||||||||||4,456|2 212|
|Notice deposits (less than 3|months)|||||||||||
|Sank overdrafts||||||||||||
|Total cash and cash equivalents||||||||||4,456|2,212|
##
##
##
|At 31 July the College hsd annual|At 31 July the College hsd annual|commitments|under non-cancefiable|operabng|leases as follows:|2022|2021|
|---|---|---|---|---|---|---|---|
|||||||1."000|E000|
|Land and buildings||||||||
|expiring|within one year|||||||
|expinng|between
hvo and five years|||||||
|expiring|in over five years|||||||
|expinng|withm one year|||||||
|expiring|between
two and five years|||||||
|expiring|in over five years|||||||
##
||||2022|2021|
|---|---|---|---|---|
||||E000|E000|
|Dr|J|Hordern|66|66|
|Dr|I|Ruiz|75|75|
||||141|141|
##