## 

## 

|||Pages|
|---|---|---|
|Governing<br>Body, Officers and Advisers|||
|Report ofthe|Governing<br>Body||
|Independent|Auditor's<br>Report|r4-i6|
|Statement ofAccounting<br>Policies|||
|Consolidated|Statement ofFinancial Activities||
|Consolidated|and House Balance Sheets||
|Consolidated|Statement ofCash Floors||
|Notes to the|Financial<br>Statements|25-Sr|





## 

## 

||||||(t)|(a)|(S)|(&)|(6)|(7)|
|---|---|---|---|---|---|---|---|---|---|---|
|The Ve|Reverend<br>Professor M.W. Per||||||||||
|Canons:|||||||||||
|The Reverend Canon Professor||N.J.Biggar|||||||||
|The Reverend Canon Professor||S.R.I.Foot|||~|~|||||
|The Reverend Canon Professor||G.D.Ward|||||||||
|Canon Professor C. Harrison|||||||||||
|The Venerable J.P.M. Chaffe|||||||||||
|The Reverend R.C.Peers|||||||||||
|Students:|||||||||||
|Professor|R.B.Rutherford||||||||||
|Professor|R.L.Judson||||||||||
|Professor|I.M.C.Watson|||||~|~||||
|Professor|E.J.F.Sim son||||||||||
|Professor|S.D. Howison||||||||||
|Professor|M.J.Edwards||||||||||
|Professor|M.D. McCulloch||||||||||
|Professor|D. Obbink||(resi ned 6 Feb roar)||||||||
|Professor|S.L. Rowland-Jones||||||||||
|Dr B.E.Jack|||||||||||
|Professor|D.P.McDonald||||||||||
|Professor|S.Neubauer||||||||||
|Professor|B.Parkinson||||||||||
|Professor|E,M.C.Tandello-Coo|er|(retired|~o Se t coze)|||||||
|Dr D.P.Moran|||||||||||
|Professor|G.Wilkinson||||||||||
|Professor|R.L. Davies||||||||||
|Professor|SirJ.I.Bell||||||||||
|Professor|G.A.Johnson||||||||||
|Professor|J,G.E.Cross||||||||||
|Dr A.J.Clark|||||||||||
|Dr B.W,|Youn||||||||||
|Professor|J.J.Davis||||||||||
|Professor|M.C.A Bose||||||||||
|Professor|J.Yee||||||||||
|Professor|A. Kuhn||||||||||
|MrJ.C.F.S.Lawrie|||||~|~|||||
|Professor|D.Aarts||||||||||
|Professor|S.J.Cra||||||||||
|Professor|R.Wade-Martins||||||||||
|Professor|J.K. Schear||||||||||
|Professor|E.G.W. Keene||||||||||
|Professor|S.C.Mortimer||||||||||
|Professor|K.McGex||||~|~|~||||
|Ms P.A. Linikres-Hartley|||||||||||
|Mr K. Sternber|||||||||||
|Ms L.Elder|||||||||||
|Professor|S.Dadson||||||||||
|Professor|S.L.Newstead||||||||||
|Professor|K.C.Kin||||||||||





## 

|Professor R. Barker||||||
|---|---|---|---|---|---|
|Professor S.Hiscock||||||
|Professor G. Hutchinson||||||
|Dr K.Lebow||||||
|Professor A. Kuo||||||
|Professor SirT, Berners-Lee||||||
|Professor A. Vasudevan||||||
|Professor P. Sedlacek||(resigned||z Se t zozr)||
|Mr M. Coote||(resi|ned|~o A|ril zozr)|
|Professor Y. Gal||||||
|DrJAllison||(resi|ned|t Oct|zozt)|
|Dr S Duncan||||||
|Professor S Grahl||||||
|Professor M Holwe||||||
|Professor C Kennefick||||||
|Professor YNakatsukasa||||||
|Dr LBrassart||||||
|Dr ESmith||||||
|Professor N. R.Mean|o|(a|ointed t Se t zozz)|||
|Dr F.Giusti||(a|ointed t Oct zozt)|||



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|Risk||||||||||Measures||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Pandemic|||||||||Effective implementation|||ofgovernment|||policies;|support||For|
|||||||||||research into effective treatment||||and vaccination.|||Insurance|||
|||||||||||(where possible)||||||||||
||Recruitment||of|staff|(academic|||and|non-|Terms and|conditions of||service reviewed|||regularly||||
||academic)|||||||||||||||||||
||Reputational||risk|from||lapses|in|academic||Monitor<br>admissions||procedures,||student||satisfaction||and||
||standards|||||||||exam results||||||||||
||IT network|and data security||||||||IT managed|jointly|with|Pembroke<br>BcSt Peter's College.|||||||
|||||||||||Investment|in<br>eo|le and|hardware/software|||||||
||Disaster|||||||||Recovery planning||procedures||reviewed|regularly,||liaison|||
|||||||||||with emer|en<br>services|||||||||
|6.|Decline|in|purchasing|||power||of|the|Diversified|portfolio and||close|oversight||from the|Investment|||
||endowment|||||||||Grou||||||||||



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|||||||Unrestricted|Restricted|Endowed|2,02I|2.02,0|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|Funds|Total|Total|
||||||Notes|5'000|5'000|f'000|k'000|f.'OOO|
|INCOME AND ENDOWMENTS|||FROM:||||||||
|Charitable<br>activities:|||||||||||
|Teaching,<br>research and residential||||||6439|||6,439|8,564|
|Cathedral<br>School||||||2&QI4|||2,)OI4|»374|
|Cathedral||||||48|I04.||I63|338|
|Other trading income||||||I82|||ISz|I&075|
|Donations<br>and legacies||||||II2|579|I 427|z,II8|2,5I7|
|Investments:|||||||||||
|Investment<br>income|||||4|84|27|I9,485|I9,596|2,0,079|
|Total return allocated|to|income|||IS|IO,865|6,639|(I7 504)|||
|Other income|||||5|I,9z8|I7||»945|I&I07|
|Total income||||||zI,672|7,366|3&4I9|3»457|36,054|
|EXPENDITURE ON:|||||||||||
|Charitable<br>activities:|||||||||||
|Teaching,<br>research and residential||||||I7 874|4&507||22,38I|23&I35|
|Other charitable<br>activities|||||||624||624|798|
|Cathedral<br>School||||||z,46I|||2,46I|2,796|
|Cathedral||||||2)ISI|z68||2&449|?.&004|
|Generating<br>funds:|||||||||||
|Fundraising||||||603|||6o3|6z6|
|Trading expenditure||||||609|||609|865|
|Endowment<br>management||costs||||I50||3 957|4&I07|2 993|
|Interest payable on loan notes||||||||I&402|I)402,|I&?.44|
|Total expenditure||||||23&87S|5)399|5&359|34,636|34,46I|
|Net Income/(~enditure)|before gains|||||(z&zo6)|I)967|(i&940)|(z&I79)|»593|
|Net gains on investments|||||I2, & I3|||88,380|88,38o|8 455|
|(Losses)/Gains<br>on complex||financial||instruments|z6|I,53I|||I153I|(I,z54)|
|Net Income||||||(675)|I&967|86,440|87&732|8,794|
|Transfers<br>between funds|||||20|46z|(840)|378|||
|Net movement<br>in funds for|the year|||||(zi3)|I&I2,7|86)SI8|87,732|8&794|
|Fund balances brought<br>forward|||||20|(»I07)|II&008|587,82I|596)722|587,9z8|
|Funds carried forward at 3IJuly||||||(x,320)|Iz&I35|674&639|684,454|596&722,|





## 

|||||2,02,I|202,0|202I|2020|
|---|---|---|---|---|---|---|---|
||||Notes|Group<br>fooo|Group<br>5'ooo|The House<br>5'000|The House<br>f.'ooo|
|FIXEDASSETS||||||||
|Tangible<br>assers|||IO|I5)344|t7,48I|I5,338|I7&47I|
|Property<br>investments|||I2|304)9I8|248 &329|258)244|222,I67|
|Other invesuuenrs|||I3|46I,zo4|395,996|506)398|4zo,8oj|
|Total Fixed Assets||||78»466|66I 806|779&98o|66o,445|
|CURREAK ASSETS||||||||
|Stocks||||SI3||766|768|
|Debtors|||I6|3)060|3,732|4,862|4&979|
|Cash at bank and in|hand|||I5)2,I2,|I4 325|I4,936|i3,676|
|Total Current Assets||||I9)085|IS,z8I|20,564|I9423|
|LIABILITIES||||||||
|Creditors: amounts|falling due within|one year||6,669|6 939|6&574|6,746|
|NET CURRENT ASSETS||||Iz,4I6|II&342.|I3&990|I2,677|
|TOTAL ASSETSLESS|CURRENT LIABILITIES|||793,882|673,I48|793)970|673,rzz|
|CREDITORS: falling due after more than one year|||t8|Io6,385|72,9I6|I06)385|72,)9I6|
|Provisions<br>for liabilities|and charges||I9|52|7I|52|7I|
|NET ASSETSBEFOREPENSION LIABILITY||||687445|600,26I|687,533|6OO,I35|
|Defmed benefit pension|scheme liability|||2)99I|3 439|2&99I|3439|
|TOTAL NET ASSETS||||684&454|596&722|684)542|596&696|
|FUNDS OFTHE COLLEGE|||2,0|||||
|Endowment<br>funds||||674,639|587,8zr|674,639|587,82)|
|Restricted funds||||Iz&I35|Ir,oo8|Iz&I35|ii,oo8|
|Unrestricted<br>funds||||||||
|Designated<br>funds||||»494|733|»494|733|
|General funds||||»OI3|3,966|5)650|8,489|
|Revaluation<br>reserve||||4)549|4 549|||
|Pension and loan swap reserve|||20, 24|(9376)|(Ii 355)|(9,376)|(II 355)|
|||||684&454|596,7zz|684,542|596,696|





## 

## 

||||||2,02,I|2020|
|---|---|---|---|---|---|---|
|||||Notes|5,'ooo|5'000|
|Net cash provided<br>by' (used in) operating||activities||27|(IT6$0)|(I5 743)|
|Cash Rows kom investing<br>activities|||||||
|Dividends,<br>interest and rents from|investments||||I9,596|20,079|
|Cash inflows from new borrowing|||||35&ooo|15&000|
|Interest payable on loan notes|||||(I,4oz)|(»244)|
|Investment<br>management<br>costs|||||(4&I07)|(2&993)|
|Proceeds from the sale ofproperty,|plant and equipment||||I&$33||
|Purchase ofproperty,<br>plant and equipment|||||(93)|(922)|
|Proceeds from sale ofinvestments|||||I3&I90|rr,498|
|Purchase ofinvestments|||||(46,607)|(z8,690)|
|Net cash provided<br>by (used in) investing||activities|||I7&IIO|tz,738|
|Cash flows f'rom flnancing<br>activities|||||||
|Repayments<br>ofborrowing|||||||
|Receipt ofendowment|||||I&42,7|2,,030|
|Net cash provided<br>by (used in) Rnancing||activities|||I&427|2&030|
|Change in cash and cash equivalents|in the reporting||period||887|(9»)|
|Cash and cash equivalents<br>at the beginning ofthe reporting period|||||I4&32$|t5&300|
|Cash and cash equivalents<br>at the end|of|the reporting|period||I5&2I2|I4,325|





## 

|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||2.02.1||2020||
|Teaching,<br>Research|and Residential|||||||||||||||f,'ooo|f'000|||
|Unrestricted<br>funds||||||||||||||||||||
|Tuition<br>Fees - UK and EU studenrs||||||||||||||||I 98$|1,8$9|||
|Tuition fees - Overseas students||||||||||||||||1,132|||928|
|Other fees|||||||||||||||||||$3|
|Other Office I'or|Students|support||||||||||||||402|||343|
|Other academic income||||||||||||||||110|||89|
|College residential<br>Charitable<br>visitor|income<br> income||||||||||||2 707<br>103<br>3 <br>~6, 39~8,||||||$33|
|Total Teaching,<br>Research and Residential||||||||||||||||6,439|8,$64|||
|Unrestricted<br>funds||||||||||||||||||||
|Cadiedral<br>School|income|||||||||||||||2,014|2|374||
|Cathedral<br>income||||||||||||||||48||||
|||||||||||||||||6||||
|A total off43k (Io19-Io:f94k) was received||||in the year|From the Coronavirus||Job|Retention|Scheme by||rhe|Carhedral|School and|Cathedral.||||||
|Restricted<br>funds||||||||||||||||||||
|Cathedral<br>income||||||||||||||||4||||
|||||||||||||||||4||||
|Endowed<br>Funds||||||||||||||||||||
|Cathedral<br>income|||||||||||||||||||10|
||||||||||||||||||||IO|
|||||||||||||||||23I77|2||712|
|Total income From|charitable<br>activities|||||||||||||||8,6x6|11,276|||
|The above analysis<br>includes||f3,519kreceived||From Oxford University||from publicly||accounrable||funds under||the Collegiate Funding||Formula||Schctue|(Ior9-Io:|||
|fl,nok).||||||||||||||||||||
|Under<br>the terms ofthe undergraduare|||student<br>support||package offered by Oxford|||University|to|studenrs|from lower income households,||||the|House's|share ofthe|||
|Fees waived amounted|to fok (Ioi9-2o:fok). These are||||not induded|in the fee income reported||||above.||||||||||
|DONATIONS<br>AND LEGACIES||||||||||||||||||||
|||||||||||||||||202I|2020|||
|||||||||||||||||f'000|oooo|||
|Donations<br>and Legacies||||||||||||||||||||
|Unrestricted<br>funds<br>Restricted<br>funds<br>Endowed<br>funds|||||||||||||112<br>579<br>~4||||110<br>377<br>2,030|||
|||||||||||||||||2,xx8|2,t17|||
|INCOME FROM OTHER||TRADING ACTIVITIES||||||||||||||||||
|||||||||||||||||2,02I|2020|||
|||||||||||||||||f,'ooo|f,'ooo|||
|Unrestricted fisnsis||||||||||||||||||||
|Subsidiary<br>company|trading|income||||||||||||||||||
|||||||||||||||||x82|1,075|||





|4|INVESTMKNT INCOME|INVESTMKNT INCOME|INVESTMKNT INCOME|||
|---|---|---|---|---|---|
|||||202I|2020|
|||||5'000|oooo|
||Unnstncted funds|||||
||Agricultural<br>rent|||78|66|
||Bank interest|||5|56|
||Other interest|||I|I|
|||||84|123|
||Restricted fu nd|||||
||Other interest|||27|23|
||Endesssedfu<br>nds|||||
||Agricultural<br>tent|||652|703|
||Commercial<br>rent|||5,II9|4,8o4|
||Other property|income||' 775|2,046|
||Equity dividends|||573|587|
||Other investment||income|u,366|II,793|
|||||,48|I9 933|
||Total Investment|income||I98596|208079|
||OTHER INCOME|||||
|||||202,I|2020|
|||||4'000|Eooo|
||Unrestricred fu nds|||||
||Orher miscellaneous||income||I,09I|
|||||I8928|1,09I|
||Restn'ctedfisnds|||||
||Other miscellaneous||income|17|I6|
|||||17|I6|





## 

|ANALYSIS OFEXPENDIT|URE||||
|---|---|---|---|---|
||||202I|2020|
||||Eooo|Eooo|
|Charitable<br>expenditure|||||
|Direct staff costs allocated|ro:||||
|Teaching,<br>research and|residenrial||8,r46|7,890|
|Orher direct costs allocated to:|||||
|Teaching,<br>research and|residential||r»593|r2,,623|
|Other charitable<br>activiries|||624|798|
|Cathedral<br>school<br>Cathedral<br>Support and governance<br>costs allocated to:<br>Teaching,<br>research and residential<br>Cathedral<br>school<br>Total charitable<br>expenditure<br>Expenditure<br>on generating<br>funds|||»393<br>»449<br>2,,642<br>68<br>~||2,730<br>2,,004<br>2,622<br>66<br>28,733|
|Direct staff costs allocated|to:||||
|Fundraising|||375|393|
|Trading<br>expenditure|||328|350|
|Invesunent<br>management|costs||84||
|Other direct casu allocated to:|||||
|Fundraising|||r52|t54|
|Trading<br>expenditure|||2,00|433|
|Invesunent<br>management|costs||3 724|2,72,7|
|Interest payable on notes|||r,402|r,244|
|Support and governance<br>costs allocated to:|||||
|Fundraising|||76|79|
|Trading<br>expenditure|||8t|82|
|Invesunent<br>management|costs||299|266|
|Total expenditure<br>on generating||funds||5,728|
|Total expenditure|||34,636|34,46r.|





## 

|ANALYSIS|OF SUPPORT AND GOVERNANCE|COSTS||||||
|---|---|---|---|---|---|---|---|
||||Teaching|Public||||
|||Generating|and|Worship,|Choir||ZOZI|
|||Funds<br>f'000|Research<br>f'000|Ik Choir|School<br>Eooo|Heritage<br>f'000|Total<br>fooo|
|Financial<br>administration||225|z58||||483|
|Domestic administration||64|6z3||||687|
|Human<br>resources|||40||||40|
|IT||12.|3t6||||328|
|Endowment|management|149|||||149|
|Depreciation||I|84o||68||909|
|I,oss/(profir)|on 6xed assets|||||||
|Loan inreresr|payable|1,402|497||||I&899|
|Other 6nance charges||5|19||||2.4|
|Governaace|cosrs|0|49||||49|
|||x,858|2,642||68||4,568|
||||Teaching|Public||||
|||Generaring|and|Worship,|Choir||2020|
|||Funds|Research|5r Choir|School|Heritage|Total|
|||f'ooo|f'000||f'ooo|f'000|f'000|
|Financial adminisuarion||227|zo8||||435|
|Domestic administration||59|579||||638|
|Human<br>resources|||44||||44|
|IT||12|351|||||
|Endowmem|managemenc|115|||||115|
|Depreciarioa||2|839||||907|
|Loan interesc|payable|1,244|502||||x,746|
|Other 6nance charges||12|49||||6x|
|Governance|costs||50|||||
|||1&671|2,622||66|0|4&359|



|larerest a|nd orher|financ|e charges are amibuted<br>according<br>to the purpose ofthe related fi|nanciag.||
|---|---|---|---|---|---|
|||||2021|2020|
|||||f'ooo|f'000|
|Governance<br>costs||comprisei||||
|Auditor's|remunerarion||- audit services|47|43|
|Auditor's|remuneration||- other services|||
|Other governance||cosrs||||
|||||49|50|



|GRANTS AND AW|ARDS|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||202.1|2020|
|During the year the|House funded|academic|awards|and bursaries|to students|from its resmcted||and unrestricted|funds|fooo|f.'ooo|
|as follows:||||||||||||
|Unrestricted<br>funds||||||||||||
|Granrs m individuals:||||||||||||
|Schobrships,<br>prizes and grants||||||||||x6x|97|
|Bursaries and financial<br>assistance||awards|||||||||33|
|Total unrestricted||||||||||164|130|
|Restricted funds||||||||||||
|Graars m individuals:||||||||||||
|Scholarships,<br>prizes and grants||||||||||398|294|
|Bursaries and financial<br>assistance||awards||||||||709|6z8|
|Total restricted||||||||||I&107|922|
|Total grants and|awards|||||||||I&271|1,052|
|Within the bursaries|and 6nancial assistance||awards|Figure above,|is the cosc to the House||ofthe|Oxford Bursary|Scheme. Undergraduate|students ofthe House||
|received ftork (zozo:fr14k). Some||ofthose|studenrs|also received|fee waivers|amouming|rofok|(zozo: fok).||||





## 

## 

|STAFF COSTS|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||202I|2020|
|The aggregate<br>staff costs for the year||were as follows.|||||f'ooo|f'000|
|Salaries and wages|||||||||
|Social security costs|||||||733|732|
|Pension costs:|||||||||
|Defined benefit|schemes||||||I)4II|r.,466|
|Pension deficit|liability movement|(note 24)|||||(448)|(994)|
|Redundancy<br>cosrs|||||||||
|Other benefirs|||||||833|829|
||||||||20,388|IO,OI2|
|Staff costs of5rr92k (Ior92o:fr I4rk) inc)uded|||in total Cathedral|cosrs, which included||redundancy|paymems off 9k (20r920: anil), and fr 79ok (201920:||
|fr,999k) included|in total Cathedral|school cosrs|are not included|in the aggregare|payroll|costs shown|above.||



|The average number ofemployees|ofthe House,|excluding|Trustees, on a full time equivalent|basis was as Follows:|202I|2020|
|---|---|---|---|---|---|---|
|Tuition and research|||||63|63|
|College residenrial|||||II0|123|
|Trading and visiror|||||26|20|
|Cathedral|||||I7|I7|
|Cathedral<br>School|||||66|68|
|Fnndraising|||||3|4|
|Supporr|||||79|83|
|Tond|||||354|38o|
|The average number ofemployed|Trustees during|the year|was as follows:||||
|University<br>Lecturers|||||22|2,2|
|CUF Lecrurers|||||26|r6|
|Faculrv Lecmrers|||||||
|Orher ~caching and research|||||||
|Other||||||12,|
|Toral||||||36|



|f60,oor-f7o,ooo|||||||
|---|---|---|---|---|---|---|
|f70,oor-f80,oor|||||||
|f8o,oor-f90,00r|||||||
|.frao, oor-f I3o,oor|||||||
|The number of the above|employees|with retirement|benefits accruing was as follows:||||
|In defined<br>benefirs schemes|||||Io|Io|
|In defined comriburion<br>schemes|||||||
|The<br>House's contriburions|to defined|comriburion|pension|schemes totalled|||





## 

## 

|Group||Leasehold|Freehold|||
|---|---|---|---|---|---|
|||land and|land and|Plant and||
|||buildings|buildings|machinery|Total|
|||2'000|8000|Eooo|f.'000|
|Cost||||||
|At stan ofyear||4'7|I5,838|S,z77|24&532|
|Addidons|||3|89|92|
|Disposals|||(I,3zo)|0|(1,320)|
|TIansler|||0|||
|At end ofyear||||~38 66|~3.3|
|Depreciation|and impairment|||||
|Ar srart ofyear|||4,lz8|2,923|7105r|
|Depreciarion<br>charge for the year<br>Depreciadon<br>on disposals<br>At end ofyear|||6oo<br>309<br>909<br>0<br>~&*8~~6|||
|Net book value||||||
|At end ofpear||4r7|9&793|5&I34|r5&344|
|Ar. srart ofyear||4I7|II,7lo|5 354|I7848I|
|The House||Leasehold|Freehold|||
|||land and|land and|Plant and||
|||buildings|buildings|machinery|Total|
|||F.'000|8000|8000|5'000|
|Cost||||||
|At srarr ofyear||4I7|I5,839|S,z5I|24,507|
|Additions|||3|9I|94|
|Disposals<br>Transfers<br>At end ofyear||(1,32,0)<br>0<br>~~4*||0<br> ~383|(r,320)<br>0<br> ~8|
|Depreciation|and impairlnent|||||
|At sntn ofymr|||4,I30|2,906|7,o36|
|Charge<br>For the|year||599|308|907|
|At end ofyear||||||
|Net book value||||||
|At end ofpear||4I7|9&793|5&rzS|I5,338|
|Ar stan ofyear||4I7|II,709|5 345|r7347I|





## 

|Group||||||Residential|202,I|2020|
|---|---|---|---|---|---|---|---|---|
|||||Agricultural|Commercial|and Orher|Total|Total|
|||||f'000|f'000|f'000|f'ooo|f'000|
|Valuation|at start ofyear|||98 994|II7,4II|3I924|248)329|I,I3,055|
|Additions|and improvements||at cost|3»074|2,970|0|42&t)44|z$,86r|
|Disposals||||(z,968)|(4,045)||(7&t&23)|(I,963)|
|Revaluation<br>gains/(losses)||in|the year|II,239|7,220|4 099|22)558|II,376|
|Valuation|at end ofyear|||I4$339|123,556|36,023|304)9I8|248,329|
|The House||||||Residemial|202I|2020|
|||||Agriculnual|Commercial|and Other|Total|Tonl|
|||||f'000|f'000|f'000|f'ooo|f'ooo|
|Valuation|at start ofyear|||yz,gz9|II7,4I4|3I 924|222,267|r87,z06|
|Additions|and improvements||at cost|I7,$63|2 970|0|20)533|25,548|
|Disposals||||(z,968)|(4,045)||(7 023)|(I,963)|
|Revaluation|gains/(losses)|in|the year|II,2,39|7,2I9|*099|22&557|II,376|
|Valuation|at end ofyear|||98,663|123,558|36,0z3|258,244|222,I67|



|All invesunents<br>are|held|at fair value.|202.I|2020|
|---|---|---|---|---|
||||f,'ooo|f'000|
|Group investments|||||
|Valuation<br>at snrr ofyear|||395&996|405,623|
|New money invested|||5)503|2,829|
|Amoums<br>withdrawn|||(34)798)|(79»)|
|Increase/(Decrease)|in cash held||28,622|(I,624)|
|Reinvested<br>income||||0|
|Investment<br>management||fees|60|0|
|Increase/(decrease)|in value ofinvesunents||G5,8»|(2,9zr)|
|Group investments|at end ofyear||46I)204|395,996|





## 

## 

|x3|OTHER~MENT|S CONTINUED|||||202I|2020|
|---|---|---|---|---|---|---|---|---|
||||||||6'000|f.'000|
||The House investments||||||||
||Valuadon<br>at start ofyear||||||395,996|405,623|
||New money invesred||||||5&503|2,829|
||Amounts<br>wirhdravm||||||(34,798)|(79n)|
||(Decrease)/ increase in cash held||||||28,62I|(I,624)|
||Increase in value ofinvesnnenrs||||||65,822|(2,92I)|
||||||||46t,xo4|395,996|
||Investment<br>in subsidiaries||||||45&294|24,8n|
||The House investments|at end ofyear|||||506,398|420,807|
||||Held outside|Held in|202I|Held outside|Held in|2020|
||Gtoup investments<br>cotnprise:||the VK|the UK|Total|the UK|rhe UK|Toml|
||||oooo|6000|6ooo|6'000|8000|5'000|
||Equity invesnnents|||290|290||247|247|
||Global muhi-asset<br>funds|||354,802|354,802||308,158|308,I58|
||Property funds|||5»5I5|5I&525||56,2r4|56,224|
||Deferred consideration|||5 400|5)4«t||Io,goo|Io,8oo|
||Fixed term deposits and|cash||49»97|49ix97||20 577|20 577|
||Total group investments||0|462,2o4|46I,204|0|395,996|395,996|



## 

|||The House|Christ Church|Christ Church|Thomas||
|---|---|---|---|---|---|---|
||||(Evesham)|(Daventry)|Wolsey||
||||Limited|Limited|Property||
|||I,'000|8000|2'000|F000||
|Income||32,I96|3|||33|
|Expenditure||(34298)|(2)|(4)||(Io)|
|Donation|to the House under gifr aid|0|0|0||0|
|Resuh for|rhe year|(2,IO2)||(4)||23|
|Total assers||783,044|I03|r,r85|25,o66||
|Total Iiabi1ities||(I00,252)|(5)|(4)|(r,o48)||
|Net funds|ar rhe end ofyear|682,792|98|r,r8r|24,0I8||





## 

## 

||PARENT AND S|UBSI|DI||AR|Y U|N|DER|T|A|KINGS<br>CON|TINU|ED|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||Wick|Farming|Christ Church|Christ Church||
||||||||||||||||I.imited||Developmenrs|Oxford||
||||||||||||||||||Limited|Trading||
|||||||||||||||||f'ooo|f.'ooo|Fooo||
||Income|||||||||||||||42||r83||
||Expenditure|||||||||||||||(66)||(256)||
||Donarion<br>m rhe House undec|||||gift|aid|||||||||0||||
||Result for rhe year|||||||||||||||(24)|0|(73)||
||Tocal assers|||||||||||||||3,285||z64||
||Tocal liabilicies|||||||||||||||(I 03S)||(337)||
||Ner funds ac rhe end ofyear|||||||||||||||2,250||(73)||
||For prior year compararives||||see note|||35c.||||||||||||
|Is|STATEMENT OF INVESTMENT|||||||TOTAL RETURN||||||||||||
||The Trustees have|adopted|||a duly||authorised||||policy ofcoral|return accounnng||for rhe House's|invesunent<br>returns||with efi'ect from|r August zoar. The|invesunent|
||return to be applied|as income||||is calculated||||as|3.25/a (zoza:|3.zsqo) (plus costs) ofthe average ofthe year-end<br>values ofrhe relevam||||||investments<br>in each|ofrhe|
||preceding<br>five years. The||preserved||||(frozen)|||value ofthe invested|||endowmem|capital represents|irs open market value in zoot together with all subsequent|||||
||endowmems<br>valued|at dace|||of|gili.||||||||||||||
|||||||||||||||Permanent||Endowmenc||Expendable|Total|
||||||||||||||||Unapplied|||Endowment|Endowments|
|||||||||||||||Trust for||Total||||
|||||||||||||||Investment||Return|Total|||
|||||||||||||||f'000||f'000|f'000|oooo|f'000|
||At the beginning<br>ofthe||year:|||||||||||||||||
||Gifi component of|the permanent|||||endowment|||||||13,849|||13,849||r3,849|
||Unapplied<br>coral return|||||||||||||||10,367|10,367||10,367|
||Expendable<br>endowment|||||||||||||||||563,605|S63,6oS|
||Total Endowments|||||||||||||13,849||Io 367|24&216|563,605|SS7,821|
||Movements<br>in the|reporting||||period:||||||||||||||
||Gifi ofendowment|funds||||||||||||385|||385|1,042|»427|
||Investment<br>return:|total investment|||||income|||||||||815|815|r8,68r|19,496|
||Invesrmenr<br>rerum:|realised||and||unrealised|||gains and losses|||||||3,691|3,691|84,689|88,38o|
||Less: Invesnnent<br>management|||||casts||||||||||(224)|(224)|(5 135)|(5359)|
||Ocher transfers|||||||||||||||61|61|317||
||Total|||||||||||||385||4 343|4,7z8|99594|104,322|
||Unapplied<br>toml rerum allocated to income||||||||in||the reponing|period||||(674)|(6&74)|(16,830)|(17So4)|
||Expendable<br>endowments||transferred|||||to income|||||||||0||0|
|||||||||||||||||(674)|(674)|(16,83o)|(17So4)|
||Net movements<br>in|reporting||||period||||||||385||3,669|4&1154|82,764|86,818|
||At end ofthe reporting||periocL|||||||||||||||||
||Gifr component of|che permanent|||||endowment|||||||14234|||14»34||14»34|
||Unapplied<br>coral recurn|||||||||||||||14,036|14,o36||14,036|
||Expendable<br>endowment|||||||||||||||||646,369|646,369|
||Total Endowments|||||||||||||14&234||14&036|28&27o|646,369|674,639|
||For prior year compararives|||see note 35d.||||||||||||||||
|16|DEBTORS|||||||||||||||||||
|||||||||||||||||202.1|2.020|ZOZI|2020|
|||||||||||||||||Group|Group|The House|The House|
|||||||||||||||||f'ooo|f'oaa|f,'ooo|f.'ooo|
||Amounts<br>falling due wtthin||||one year:|||||||||||||||
||Trade debtors|||||||||||||||»555|1,6os|1,488|1,562,|
||Amounts<br>owed by House||members|||||||||||||114|65|114|65|
||Amounts<br>owed by Group||undertakings||||||||||||||0|531|1,215|
||Taxation and social|security|||||||||||||||26||17|
||Prepayments<br>and accrued||income|||||||||||||I,23I|1,251|I&231|1,251|
||Other debtors|||||||||||||||159|185||140|
||Amounts<br>falling due after|||more than one year&||||||||||||||||
||Loans|||||||||||||||||I&354|729|
|||||||||||||||||3&060|3,132|4,862|4 979|





## 

|CREDITORS& falling due within one year|||||
|---|---|---|---|---|
||202I|2020|202.I|2020|
||Group|Group|The House|The House|
||f'ooo|f'000|f'ooo|f'ooo|
|Trade creditors|z,zx6|2,69z|2&094|2 597|
|Amounts<br>owed to House Members|423|382|423|382|
|Amounts<br>owed to Group undertakings|0|0|430|I6|
|Taxation and social security|272|192|258|I92|
|College Conrriburion||0|0||
|Accruals and deferred income|3&758|3,673||3 559|
||6,669|6939|6&574|6,746|
|CREDITORS: falling due after more than one year|||||
||202I|2020|202I|2020|
||Group|Group|The House|The House|
||f'ooo|f'ooo|f'oao|f'ooo|
|Notes payable|90,000|55,000|90&000|55,000|
|Bank loans|Ia,aoa|ho,aao|Ia&000|IO,OOO|
|Loan swap fair value|6,385|7,9I6|6,385|7,9I6|
||xo6&3S5|72,&9I6|I06,385|72.,9I6|




## 

|||2022|2020|202I|2020|
|---|---|---|---|---|---|
|||Group|Group|The House|The House|
|||f'ooo|f'000|f,'ooo|f'000|
|At stare ofyear|||I05|7I|I05|
|Charged<br>in the Scaremenr ofFinancial|Activities|(7)|(zo)|(7)|(zo)|
|Settled in the year||(xz)|(r4)|(xz)|('4)|
|At end ofyear||52|7I|52|7I|





## 

|2o|ANALYSIS OFMO~S ON FUNDS|ANALYSIS OFMO~S ON FUNDS|||||||
|---|---|---|---|---|---|---|---|---|
||||Ar IAugust||||Gains/|At 3xJuly|
||||2020|lncorue|Expenditure|Transfers|(losses)|20?I|
||||f'000|f'ooo|f'ooo|f'000|f'ooo|f'ooo|
||Endowment<br>Funds - Pertnanent||||||||
||Student Support Funds||8,731|513|(8r)|(247)|1,342|10,258|
||Academic Posts Funds||z5,4z8|684|(142)|(364)|2,340|r7,936|
||Library Funds||67||(z)|(2)|10|76|
||Endowment<br>Funds - Expendable||||||||
||Heyman-Moritz<br>Benefaction||5»79'||(481)|(?,589)|7 927|60,396|
||Dr South (3/sths)||33 691|1,101|(3o3)|(z,ooo)|4990|38,479|
||Lee Benefaction||1»394|410|(rt3)|(373)|1,861|14&179|
||Mercury Fund (s/7rhs)||rz,so8|375|(103)|(34o)|r,698|12&938|
||Buildings Funds||5470|18r|(50)|(z64)|8zr|6,258|
||Gardens &:Grounds<br>Funds||522|17|(s)|(16)|78|596|
||Sports Clubs Funds||27||0|(z)|4|3I|
||Libmry Funds||3,116|105|(z8)|(92)|468|3,569|
||Picture Gallery Funds||438|14|(4)|(r3)|65|500|
||Academic Posts Funds||28,967|I,os6|(265)|(777)|4 364|33&345|
||Student Support Funds||23,502,|1,062|(217)|(649)|3 570|27,268|
||Cathedral &Chorisrer|Support Funds|11,917|696|(ro7)|(316)|1,8o4|13&994|
||Benefices Funds<br>Ocher Funds<br>General Endowmenr<br>Funds<br>Total Endowment<br>Funds||20,578<br>9 199<br>~68<br>58-„82z|68z<br>321<br>~8<br>20,92,3|(z87)<br>(84)<br>~8, 8<br>8<br>(5 359)|(619)<br>(59)<br>(ry,zz6)|3,090<br>1,384<br>4<br>88,380|23&S44<br>ro,76x<br>~4i<br>674,639|
||Restrict«d Income Funds - Permanent<br>Student Support Funds<br>Library Funds<br>Academic Posts Funds||170<br>6<br>~8|I<br>0|(tso)<br>0|'75<br>2||196<br>8<br>436|
||Sub-total Restricted income (Permanent)||534|2|(423)|527||64o|
||Restricted Income Funds - Expendable||||||||
||Heyman-Moritz<br>Benefacnon||104||(1,542)|1,589||ISI|
||Dr South (3/Srhs)||1,7o8|21|(593)|1,000||z,x36|
||Lee Benefaction||252||(322)|373|0|303|
||Mercury Fund (5/7ths)||69||(lys)|340|0|34|
||Buildings||22||0|5||27|
||Gardens &Grounds<br>Funds||||(2)|2||0|
||Sporrs Clubs Funds||||0||||
||Library Funds||45||(68)|91|||
||Picture Gallery Funds||r6||0|6||22|
||Academic Posts Funds||z,o8z|52,|(554)|||1,254|
||Student Support Funds||1,328|76|(6oz)|637|0|I&440|
||Carhedral &Chorister|Support Funds|29||(321)|316|||
||Benefices Funds||zo8||(31)|23||100|
||Orher Funds||4||(96)|168|||
||Sub-total Restricted income (Expendable)||S,o38|153|(4,505)|5,225||5,911|
||Buildings<br>Funds||4 325|33|(24)|34|0|4,368|
||Gardens &Grounds<br>Funds||2|92|0|0||94|
||Sports Funds||20|5|0|||2,5|
||l.ibrary Funds||137|16|(24)|(6)||12.3|
||Picture Gallery Funds<br>Srudent Support Funds<br>Carhedral<br>&Chorister Support Funds<br>Orher Funds||52<br>r87<br>411<br>8|0<br>251<br>104<br> ~6|(s)<br>(73)<br>(zss)<br>(91)|0<br>(4)<br>0<br>23||47<br>36x<br>26o|
||Sub-total Restricted income funds||5,436||(472)||0|58577|
||Total Restricted Funds||zr,oo8|727|(5399)|5799|0|xz&135|





## 


|ANALYSIS OF MO|VEME|NTS ON FUNDS CO|NTINUED||||||
|---|---|---|---|---|---|---|---|---|
||||At r August||||Gams/|At 3IJuly|
||||2020|Income|Expendimre|Transfers|(losses)|202,I|
||||Eooo|Zona|Eooo|Eooo|2'000|L'aaa|
|Unrestricted<br>Funds|||||||||
|Designated<br>funds|||733|78o|(224)|2,05||Ik494|
|General funds|||8,48g|9 93I|(z3,8gz)|II,I22||5)650|
|Defined benefit pension scheme reserve|||(3439)|0|448||0|(»99I)|
|Loan swap fair value|reserve||(7,926)||0||I,53I|(6385)|
|Total Unrestricted|Fumb|- The House|(2 U3)|I0,7II|(z3,668)|II,327|I 53I|(z,z3z)|
|Designared<br>funds - subsidiaries|||0|0|0||||
|General<br>Funds - subsidiaries|||z6|g6|(zro)|||(88)|
|Revaluation<br>reserve|- subsidiaries||||0|||0|
|Total Unrestricted|Funds|- subsidiaries|z6|96|(zro)|0|0|(88)|
|Total Unrestricted|Funds|- Group||ro,8o7|(z3,878)|II,327|1,53I|(2,3zo)|
|Total Funds|||596722|3»457|(34,636)|0|89 9II|684&454|
|For prior year comparatives||see note 35 e.|||||||






## 

## 

|||Unrestricted|Resmcted|Endowment|2021|
|---|---|---|---|---|---|
|||Funds|Funds|Funds|Total|
|||Fooo|oooo|f.'ooa|f,'000|
|Tangible|fixed assets|11,175|4,169||15&344|
|Property|investmenrs|0||304919|304&919|
|Other investments||||459 720|46I,204|
|Net current assets||4449|-, ,966|0|12425|
|Long term liabilities||(io,ooo)||(90,000)|(xoo,ooo)|
|Pension|fund and loan swap provisions|(9,428)||0|(9M)|
|||(2,32o)|12,135|674,639|684&454|
|||Unrescricted|Restricted|Eadowment|2,020|
|||Funds|Funds|Funds|Total|
|||I'ooo|I'000|Fooo|k'000|
|Tangible|fixed assets|i3 355|4,r26|0|x7,48x|
|Property|investments|0|0|248 329|248&329|
|Other investments||1,504|0|394492|395,996|
|Net current<br>assets||4,46o|6,882|0|II&342|
|Lang term liabilities||(io,ooo)||(55,ooo)|(65,ooo)|
|Pension|fund and loan ovap provisions|(11,426)||0|(II&426)|
|||(2,107)|u,oo8|587,82t|596&722|



## 



## 

|Remuneration<br>paid to trustees||||||||
|---|---|---|---|---|---|---|---|
|||2020-21|||2019-20|||
|||Gross remuneration,|taxable|||||
||iVumber oF|benefits and pension||Number of|Gross remunerarion,||taxable|
|Range|Trustees/Fe)iows|contributions||Trustees/FeBows|benefits and|ension contributions||
|jr-j4999||2,268||||2,278||
|f5,000-j9,999||9413||||15595||
|f10,000-f14,999||27,686||||27,232||
|frS,ooo-jt9,999||74 91S||||108,242||
|fIo,ooo-f24,999||69,4o7||||85,838||
|f25,ooo-f29 999||55.953||||86,903||
|jlo,ooo-j34 999||20t,641||Io||332,558||
|f)t,ooo-f39 999||417,906||||339,882||
|j40,000-j+b999||84,t3S||||||
|j45,000-j49 999||193,170||||144,300||
|jSo,ooo-f 5*999||||||105,425||
|f55,000-f59 999||17503'||||118,202||
|j6o,ooo-j64,999||124 537||||60,984||
|f65,ooo-f69,999||34r, 811||||338,16o||
|f7o,ooo-f74999||290,043||||14b654||
|f75,000 f79 999||78,609||||77,376||
|f85,ooo-f89,999||89,643||||||
|jioo,ooo-fto4 999||104,431||||||
|fios,ooo-fro9,999||||||214,287||
|jiio,ooo-fu4 999||110,205||||110,109||
|fr1s,ooo-f r19,999||ir6,3oS||||235,186||
|f135,000-fr39 999||16,8 0||||||
|Total|56|2 /03 959||59||2,547,211||





## 

## 

## 



## 

||||Notes|USS||OSPS|
|---|---|---|---|---|---|---|
|Date ofvaluation:||||3I/03/I8||3I/03/I9|
|Date valuarion<br>resuhs published:||||16/09/I9||?9/06/20|
|Value ofliabilities:||||567.3bn||2848m|
|Value ofassets:||||$63.7bn||5735m|
|Funding<br>surplus<br>/ (deficit):||||(X3.6bn)||(XII3m)|
|Principal<br>assumprions:|||||||
|~<br>Discoum rate|||a /tc b|CPI —0.73%to||Gilts +o.5'yo to|
|||||CPI + z.52%pa|||
|~<br>Rate ofincrease in salaries||||n/a||RPI|
|~<br>Rate ofincrease in pensions|||cgcd|CPI pa||Ave RPUCPI pa|
|Mortality assumptions:|||||||
|~<br>Males currenrly<br>aged 65 (males)||||24.6yrs||2I.7 yrs|
|~<br>Females currendy|aged 65 (males)|||z6.t yrs||24.4yrs|
|~<br>)viales currendy<br>aged 45 (males)||||z6.6yrs||23.0 yts|
|~<br>Females currendy|aged 45 (males)|||2.7.9 yrs||25.80yts|
|Funding<br>ILtrios:|||||||
|~<br>Technical<br>provisions<br>basis||||95'/o||87%|
|~<br>Statutory Pension|Protection Fund|basis||76%|||
|~<br>'Buy-out'<br>basis||||56'/o||6o'/o|
|Recommended<br>employer's<br>contribution||rate||zt.t%||r99'o|
|(as 9o ofpensionable|salaries);|||increasing|to||
|||||z3.7%on|||
|||||OI/Io/201|||
|EBective date ofnext|valuation:|||3?/03/20||31/03/22|





## 

## 

## 

|Sensitivity o|factuarial valuation<br>assumptions|factuarial valuation<br>assumptions|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Surpluses<br>or|deficits which arise ar fumre valuations||may impact on||the House's<br>f'umre canmbution||||||commitment.|The sensitivities<br>regarding|the principal||
|assumptions|used to measure|the scheme liabilities|are|set out below:|||||||||||
|USSAssumptions:|||||USS Change in|||Assumptions||||Impact on USS liabilities|||
|Inirial discounr rare||||||increase|b|o.t'Yo||||decrease b|6r.zbn||
|r values||||||reduce|b|ro9o||||increase b|56.4bn||
|RPI - CPI s|read|||||increase|b|o.i%||||decrease b|Xo.ybn||
|Rate ofmortality||||more prudent||assumption||(mortality||used|at last|increase by|t'r. 6bn||
|||||valuarion,||rated down||b<br>a further|||||||
|OSPS Assum|uons:||||OSPS Chan<br>e||in|Assum|nons|||Im act on OSPS cechnical||rovisions|
|aluation<br>rate oFinterest||||||decretse b||o.zoo/o||||increase b|I<br>m||
|RPI||||||increase|b|o.zI%||||increase b|54am||



## 

|||USS|OSPS|
|---|---|---|---|
|Finish Date for Deficit Recovery Plan||9r/ar/z8|9r/o3/z8|
|verage staff number<br>increase||r.oo%|8,oo9o|
|verage snif salary increase||r.so'Yo|r.so'Yo|
|verage discount rate over the|period|o.89o/o|o.89%|
|Effectofo.lo/o change ia discount rate||6zyk|59ok|
|Effect ofr% chan<br>e in stafF|owrh|ft6k|Xz8k|



## 



## 

## 

## 

## 

||||||2,02,I||||2020|||
|---|---|---|---|---|---|---|---|---|---|---|---|
|chcme||||Contcibutinns|Movement|In|Total|Contributions|Movement|in|Total|
|||||f'ooo|f'ooo||f'ooo|f'ooo|Zoon||f'ooo|
|Universities<br>Supecannuarion|||Scheme||-I75|||73'|-9IO||'79|
|University ofOxFocd||Sra/F|Pension Scheme||23I||6o|8o7|||723|
|Church oFEngland|Funded||Pension Scheme|||||6|0||36|
|he Teachers'<br>Pension||Scheme||x 8|||x 8|I95|||I95|
|he Pensions Trusc||||Io|Io|||82|||i93|
|NEST||||||||||||
|Total||||r 8oo|- x6||x, 8|r8 z||||
|Summacy ofdeBned||benefit pension scheme liability||||||||||
||||||OSPS|||Total||||
|||||f.'ooo|f'ooo||fooo|f.'ooo||||
|Pmvision<br>b/Fwd||||I,348|r,78o|||3439||||
|cruarial movement|in year|||-r63|275||-IO|||||
|rovision c/fwd||||I,389|I,SQS||IOI|2,<br>I||||



## 



## 

|The House has certain financial<br>assets|The House has certain financial<br>assets|The House has certain financial<br>assets|The House has certain financial<br>assets|and|and|financial|financial|liabilities|liabilities|ofa kind thar qualify as basic financial|ofa kind thar qualify as basic financial|ofa kind thar qualify as basic financial|instruments.|Basic financial|insrrumenrs|are initially|recognised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|at uansacrion<br>value|and subsequendy|||measured|||at|amomsed||cost. Certain other financial||insrrumenrs|are held ar|fair value, with|gains 2nd|losses being|recognised|
|within<br>income and|expendirure.|||||||||||||||||
|The House has rhe|following||financial|insuuments:|||||||||202I|2020||202.1|2020|
||||||||||||||Group|Group|The House||The House|
||||||||||||||F,'000|i'000||f,'000|I'000|
|Financial<br>assets measured||at fait value|||through|||statement||offinancial|activities&|||||||
|Investments|||||||||||||461,204|395,996||506,398|4zo,8o7|
||||||||||||||46I,204|395,996||506&398|420,807|
|Financial<br>assets measured||at amortised||||cost.||||||||||||
|Cash and cash equivalents|||||||||||||15,212|'4 325||1+936|i3,676|
|Trade debtors|||||||||||||i 555|1,6o5||1,488|1,562|
|Amounts<br>owed by House members|||||||||||||114|65||114|65|
|Amounu<br>owed by Group underrakings|||||||||||||0|0||53r|1,215|
|Accrued incoine|||||||||||||88z|789||882||
|Other debtors|||||||||||||159|185||144|140|
||||||||||||||I7,922,|?6,969||I8&095|17447|
|Financial liabilities|that are||debt Instruments||||tneasured||at|amortised|cost:|||||||
|Notes payable|||||||||||||90,000|55,000||90,000|55,000|
|Bank loans - including<br>more|||rhan r year||||||||||10,000|10,000||10,000|10,000|
|Trade creditors|||||||||||||2,216|z,69z||2,094|2 597|
|Amounts<br>owed ro House Members|||||||||||||423|382||423|382|
|College connibuuon|||||||||||||0|0||0|0|
|Accruals and deferred income|||||||||||||3,758|3,673||3 369|3 559|
||||||||||||||Io6,397|71747||Io5,886|7i,538|
|Financial liabilities|that ate||measured||at fait||value:|||||||||||
|Fair value cost ofloan swap|||||||||||||6,385|7,916||6,385|7,916|
||||||||||||||6,385|7,916||6,385|7,916|
|Gains and losses on|rhe loan|swap in rhe|||year are disclosed||||on|rhe face ofthe SOFA.||||||||
|RECONCKIATION<br>OF NET INCOMNG|||||||RESOURCES TO NET||||CASH FLOW|FROM OPERATIONS||||||
|||||||||||||||||202I|2020|
|||||||||||||||||Group|Group|
|||||||||||||||||f,'000|ZQOO|
|Net income||||||||||||||||87,73z|8 794|
|Elinrhradon<br>ofnon-operating|||cash fiows:|||||||||||||||
|Investmenr<br>income||||||||||||||||(19,596)|(20,079)|
|Gains in invesrmenrs|||||||||||||||(88,38o)||(8,455)|
|Endosvmenr<br>donauons||||||||||||||||(1,427)|(z,o3o)|
|Iiuerest payable on notes||||||||||||||||1,402|1,244|
|hivesnnent<br>management<br>cosrs||||||||||||||||4,107|2 993|
|Depreciarion||||||||||||||||909|907|
|Surplus on sale offixed assets||||||||||||||||(212)|0|
|Decrease/(Increase)|in stock|||||||||||||||II|(io6)|
|Decrease in debrors||||||||||||||||72|7'9|
|Increase in credirors||||||||||||||||(z7o)|(r3o)|
|Decrease in provisions||||||||||||||||(19)|(34)|
|Decrease in pension|scheme liability|||||||||||||||(448)|(8zo)|
|(Deciease)/Increase|in loan swap reserve|||||||||||||||(I 531)|1,2,54|
|Net cash provided|by (used|in) operating||||activities|||||||||(I7,65o)||(15743)|





|28|ANALYSIS OF|CHANGES IN NET DEBT|CHANGES IN NET DEBT|CHANGES IN NET DEBT|CHANGES IN NET DEBT|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||Non-cash||
|||||||||||At start ofyear|Cash Bovis|changes|At end ofyear|
|||||||||||f'000|f.'ooo|f'ooo|f'ooo|
|||||||||||Group|Group|Group|Group|
||Cash|||||||||14325|887||15,2.12|
||Loans falling due after one year|||||||||-72,916|(35,0oo)|c531|(106,385)|
||Total|||||||||(58,591)|(34,113)|I)531|51&173)|
|29|ANALYSIS OF|CASH AND CASH EQUIVALENTS||||||||||||
|||||||||||||2021|2020|
|||||||||||||f'ooo|Eooo|
|||||||||||||Group|Group|
||Cash ar bank and in hand|||||||||||15,212|14325|
||Notice deposits|Oess than|3 months)|||||||||||
||Bank overdrafts|||||||||||||
||Total cash and|cash equivalents||||||||||15s212|14325|
|3o|FINANCIAL COMMITMENTS|||||||||||||
||At 31July the House has total commiunents||||under||non-cancellable||operaung|leases as follows:||2021|2020|
|||||||||||||f'ooo|f'ooo|
||Land and buildings|||||||||||||
||payable within one year|||||||||||923|904.|
||payable between|two and|five years|||||||||3,690|3,6r8|
||payable in over five years|||||||||||z8,$99|z8,943|
|||||||||||||33,212|33,465|
||Total expenditure|in the year on land and|||building||operating|leases|was f921k|(zo19-zo:f905k).||||
||Other|||||||||||||
||payable within<br>one year|||||||||||14||
||payable between|two and|five years||||||||||31|
||payable<br>in over five years|||||||||||||
|||||||||||||14|31|
||Total expenditure|in the year on other operating||||leases was f13k (zor8-15cfirk).||||||||
|31|CAPITAL COMMITMENTS|||||||||||||
||There are no capital committments|||diat require||disclosure.||||||||



## 

|The House may enter into equity sharing|The House may enter into equity sharing|arrangements|with an Official Student,|Officers ofthe House or other persons employed|Officers ofthe House or other persons employed|by rhe House under|by rhe House under|Stamte|
|---|---|---|---|---|---|---|---|---|
|XXVII(5).The House has propenies|wirh|the following|ner book values owned joinrly wirh tmstees under joint equiq||ownership|agreements|between|the trustee|
|and the House.|||||||||
||||||||2021|2020|
||||||||f'ooo|f.'OOO|
|Dr A Kuhn||||||||274|
|Dr BYoung|||||||190|190|
|Dr D Aarts|||||||233|233|
|Dr BParkinson|||||||310|310|
|Dr EKeene|||||||311|311|
|Dr S Dadson||||||||312|
|Dr JYee||||||||300|
|Dr D Obbink||||||||434|





## 

## 

## 

## 

|35a CONSOLIDATED S|TAT|EM|ENT|OF FINANCIAL|ACTIVIT|IES|FORTHE YEARENDE|D 3xJULY zozo|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unresn icted|Restricred|Endowed|202.0|
||||||||Funds|Funds|Funds|Total|
||||||Notes||Zoon|f.'ooo|Eooo|6'000|
|INCOME AND ENDOWMENTS|||FROM&||||||||
|Charitable<br>actlvitiesi|||||||||||
|Teaching,<br>research and residential|||||||8 $64|||8,564|
|Cathedral<br>School|||||||2 374|||2 374|
|Cathedral|||||||99|229|10|338|
|Other trading<br>income|||||||1,07$|||1,075|
|Donations<br>and legacies|||||||110|377|1.&030|2&517|
|Inv«stm eats i|||||||||||
|Investment<br>income|||||||123|23|i9 933|20&079|
|Torsi return<br>allocated to||income|||||io,zo6|6,zzz|(r6,4z8)||
|Other income|||||||1,091|16||1&107|
|Total income|||||||23,642|6,867|5&$45|36,0S4|
|EXPENDITURE ONi|||||||||||
|Charitable<br>activitiesi|||||||||||
|Teaching,<br>research and residential|||||||r8,888|4 247||23&135|
|Other charitable<br>activities||||||||798||798|
|Cathedral<br>School|||||||2,796|||2,796|
|Cathedral|||||||i,837|&.6,||2&004|
|Genefaung<br>ftllldsi|||||||||||
|Fundraising|||||||6z6||||
|Trading<br>expenditure|||||||86$|||865|
|Endowment<br>management||costs|||||151||2,84z|2&993|
|interest payable on loan notes|||||||||1,244|I&244|
|Total expenditure|||||||25,163|5&212|4,0S6|34&461|
|Net Income/(Expenditure)|before gains||||||(1,521)|r,655|1&459|i&593|
|Net gains on investments|||||12,13||||8,4$$|8&45$|
|(Losses)/Gains<br>on complex financial||||instruments|z6||(i&»4)|||(1&254)|
|Net Income|||||||(277S)|1,655|9&9i4|8,794|
|Transfers<br>between<br>funds|||||34e||1,404|(r 743)|339||
|N«t tnovement<br>in funds for|the|year|||||(*,371)|(88)|10,253|8&794|
|Fund balances brought<br>forward|||||||(736)|11,096|$77,568|587,928|
|Funds carried forward at 3xJuly|||||||(»07)|xx,oo8|587,82x|$96,722|
|See page zz for the Consolidated|||Sratement ofFinancial||Acuviues|for rhe currenr year to which this note compares.|||||





## 

## 

|Group|||||||Residential|2020|
|---|---|---|---|---|---|---|---|---|
||||||Agricultural|Commercial|and Orher|Total|
||||||Zoao|t'000|Eooo|f.'000|
|Valuation||at start ofyear|||90 324|9I,I64|3&,567|223&055|
|Additions||and improvements||at cost|340|25 473|48|25,86x|
|Disposals|||||(n993)|30|0|(x,963)|
|Revaluation||gains/(losses)|in|the year|I0,323|744|309|xx,376|
|Valuation||at end ofyear|||98&994|I27,4II|3' 924|248&329|
|The House|||||||Res&dential|202I|
||||||Agricultural|Commercial|and Orher|Total|
||||||6000|Z'000|f.'ooa|f.'000|
|Valuation|at start ofyear|||||9I,I67|3&,567|287&ao6|
|Additions|and improvements|||at cost|27|25 473|48|25,548|
|Disposal s|||||(n993)|30|0|(r,963)|
|Revaluation||gains/gasses)|in|the year|I0,323|744|309|II&376|
|Valuation||at end ofyear|||72,829|II7,4I4|32 924|222,x67|



## 

||The House|Christ Church|Christ Church|Christ Church|Thomas|
|---|---|---|---|---|---|
|||(Eves ham)||(Daventry)|Wolsey|
|||Linuted||Limited|Propeny|
||Eooo|oooo||ZOOO|f.'OOO|
|Income|||2|76|33|
|Expenditure|(»,»I)||(I)|(72)|(4)|
|Donation to the House under gift aid|55||0|0|0|
|Result for the year|I 557|||5|29|
|Total assers|679,868||I02,|4II|4,9I2|
|Total liabilities|(83,272)||(2o)|(r92)|(283)|
|Net funds at the end ofyear|596,696||82|2,I9|4,629|
|||Wick Farming||Christ Church|Chrisr Church|
|||Limired||Developments|Oxfixrd|
|||||Limited|Trading|
|||6'000||2'000|Zona|
|Income|||30||r,08o|
|Expenditure|||(29)||I,025|
|Donarion<br>to the House under gift aid|||0||(55)|
|Result for the year||||0|2,050|
|Total assets||3|305|r6|634|
|Total liabilities||(I»3I)|||(634)|
|Net funds at rhe end ofyear||2,274||r6||
|See nate 24 for the current year note m which this note compares.||||||





## 

|||||||||Permanent|Endowmem||Expendable|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Unapplied|||Endowment|Endowments|
|||||||Trust For|||Tonal||||
|||||||Invest|rn en|r|Return|Total|||
||||||||f'000||f'000|f'ooo|f'000|f'000|
|At the beginning ofthe year:|||||||||||||
|Gift component ofthe permanent|||endowment||||I3,656|||r3,656||I3,656|
|Unapplied<br>total return<br>Expendable<br>endowment|||||||||9 948|9,948|~&64|9,948<br>553,964|
|Total Endowments||||||I3&656|||9&948|23,604|553,964|S77S«|
|Movements<br>in the reporting|period&||||||||||||
|Gift ofendowment<br>funds|||||||r93|||I93|r,837|2,030|
|Invesunent<br>return:<br>total invesunent|||income||||||8I9|8I9|19,I24|69 943|
|Investment<br>remrn: realised and unrealised||||gains and losses|||||346|346|8,I09|8,4ss|
|Less; Invesunent<br>management|cosrs||||||||(I69)|(I69)|(»9I7)|(4,o86)|
|Other uansfers|||||||||||288|339|
|Total|||||||I93||I,047|I,240|2544'|z6,68I|
|Unapplied<br>total return<br>allocated to <br>Expendable<br>endowmems<br>transferred|||income in the repomng<br>to income||period||||(6z8)<br>(628)|(6z8)<br>0<br>66 &6|(r5,8oo)<br>~6.&|(I6,4z8)<br>0<br>(r6,428)|
|Net movements<br>in repotting|period||||||I93||4I9||9,64x|Io&253|
|At end ofthe reporting<br>period:|||||||||||||
|Gift component ofthe permanent<br>Unapplied<br>toml return<br>Expendable<br>endowment<br>Total Endowments||endowment||||&3,849<br>I3,849|||ro,367<br>Io&367|I3849<br>ro, 367<br>24&2I6|~6,6 <br>563&605|r3,849<br>t0,367<br> ~6.6<br>587,82x|
|See note ts for rhe current year|note||to which this note compares.||||||||||





## 

## 

|||At IAugust|At IAugust||||Gains/|At 32July|
|---|---|---|---|---|---|---|---|---|
||||2019|Income|Expenditure|Transfers|(losses)|202,0|
||||I.'000|I.'000|t'000|5'000|6'ooo|6'000|
|Endowment<br>Funds - Permanent|||||||||
|Student Support Funds|||8,576|323|(61)|(232)|125|8,73x|
|Academic Posts Funds|||14&961|687|(107)|(344)|22,1|r5,4x8|
|Library Funds|||67|2|(I)|(2)||67|
|Endowment<br>Funds - Expendable|||||||||
|Heyman-Morirz<br>Benef'action|||52,100|I 79S|(368)|(»497)|761|52&792|
|Dr South (3/srhs)|||33 2S6|1,130|(232)|(942)|479|33,69x|
|Lee Benefaction|||12,231|421|(86)|(351)|I &9|I-'»394|
|Mercury Fund (5/7ths)|||rr, 161|384|(79)|(321)|r63|12,308|
|Buildings<br>Funds|||5 397|186|(38)|(IS4)|79|5&470|
|Gardens<br>8c Grounds<br>Funds|||5'5|18|(4)|(15)|8|52,2|
|Sports Clubs Funds|||27||0|(I)||27|
|Library Funds|||3,071|109|(zz)|(87)|45|3,xr6|
|Picture Gallery Funds|||432|Is|(3)|(12)|6|438|
|Academic Posts Funds|||28,399|1,086|(zor)|(733)|4r6|28,967|
|Student Support Funds|||22,831|1,100|(163)|(6o4)|338|23,502|
|Cathedral<br>8r Chorister<br>Support Funds<br>Benefices Funds<br>Other Funds<br>General Endowment<br>Funds<br>Total Endowment<br>Funds||'I 33S<br>20,3o8<br>8,852<br>~3<br>~l&,&68||78z<br>700<br>329<br>~9<br>21 973|(79)<br>(143)<br>(63)<br>(2,436)<br>(4,o86)|(291))<br>(584)<br>(49)<br>(9,871)<br>86, 89)|169<br>297<br>130<br>~8<br>~8,|xx&927<br>2,0,578<br>9&299<br>32266688<br>~8&,&I*I|
|Restricted Income Funds - Permanent|||||||||
|Student Support Funds<br>Library Funds<br>Academic Posts Funds||r6r<br>8<br>~8|||(134)<br>(I)<br>(z6o)|132<br>(I)<br>334|0<br>0|170<br>6<br>~8|
|Sub-total Restricted income (Permanent)|||453||(395)||||
|Restricted Income Funds - Expendable|||||||||
|Heyman-Moritz<br>Benefaction|||47||(1,4z6)|»483||x04|
|Dr South (3/sths)|||I,541|19|(794)|942||I&708|
|Lee Benefaction|||215||(314)|351||2.5'2|
|Mercury Fund (5/7ths)|||||(363)|321||69|
|Buildings|||16||I|5|||
|Gardens 8t Grounds<br>Funds|||||(2)|2|||
|Sports Clubs Funds|||||0|I|||
|Library Funds|||||(74)|85||45|
|Picture Gallery Funds|||12,||(r)|5||x6|
|Academic Posu Funds|||974|34|(57r)|64S||r,o82|
|Srudem Support Funds|||1,204|6r|(513)|S76||x,328|
|Cathedral<br>8cChorister Support Funds|||27||(292)|z89||29|
|Benefices Funds<br>Other Funds<br>Sub-total Restricted income (Expendable)||90<br>~46|||(4)|2.2<br>159<br>4,886||xo8|





||Ac IAugust|||||Gains/|Gains/|At 3xJuly|
|---|---|---|---|---|---|---|---|---|
||2,«OI9|Income||Expenditure|Transfers|(losses)|||
||f.'ooo|6'ooo||6'ooo|6'ooo|oooo||5'ooo|
|Buildings Funds|44I9||9I|(54)|(r3r)|||43325|
|Gardens<br>8cGrounds funds|6||7|(Ir)|0|||2|
|Spores Funds|I5||5|0|0||||
|Library Funds|III||55|(25)|(4)|||*37|
|Picture Gallery Funds|56||8|(I2)|0|||52|
|Academic Posrs Funds|||0|0|0|||0|
|Student Supporr Funds|I87||63|(58)|(5)|||r87|
|Cachedral<br>8c Choriscer Supporr Funds<br>Ocher Funds<br>Sub-total Restricted income funds<br>Ton)I Restricted Funds|r,o8r<br>3o7<br>, 96|2,3I<br>55<br>~64||(I49)<br>(8o)<br>~)8 )|(752)<br>20<br>~)8||o|xx,oo8|
|Unrestcicted<br>Funds|||||||||
|Designated<br>funds|6oo||89|(256)||||733|
|General funds|9 535|I2,965||(25 32I)|II,3IQ|||8,489|
|Defined benefit pension scheme reserve|(4»59)||o|82o|||0|(33439)|
|Loan swap fair va!ue reserve|(6,662)|||||(n|254)|(7,9x6)|
|Total Unrestricted<br>Funds - The House|(,86)|3|34||,6||||
|Designated<br>funds - subsidiaries|||0|0|||||
|General funds - subsidiaries|50||382|(4o6)||||26|
|Revaluauon<br>reserve - subsidiaries||||0|||||
|Total Unrestticted<br>Funds - subsidiaries<br>Total Unrestricted<br>Fuads - Group|50<br>(736)|38 <br>I3,436||~)6)<br>(25,r63)|»,6|~8,|«)|~)4* )|
|Total Funds|587,928|36,o54||(34,46r)|0|7,20I||596,722|
|See nore 2o for rhe current year noce cowhich|chis noce compares.||||||||





## 

|The schedules|have been:||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|prepared|under the hisrorical||cost convention,||subject to rhe revaluation||||ofcertain axed assets;||||||||
|prepared|using United Kingdom<br>generally|||accepted accounting<br>practice,|||||in accordance|wirh Financial Reporting|Standard Ioa||(FRS t02)|and the|||
|Srarement ofRecommended|||Practice: Accounting|||for Further<br>and Higher Educacion (2or9 edirion);|||||||||||
|presented|in pounds<br>srerling.||||||||||||||||
|||||||||||||||2020|||
|||||||||||f,'000|f,'000||Xooo||Looo||
|dahle Net Assets|||||||||||||||||
|Balance Sheer - Net assers without|||donor restrictions-|||Ner assers wirhout||donor|||(2,32o)||||(2,107)||
|sum ofDesignated<br>Funds, General Funds and||||Pension||restrictions|||||||||||
|reserve|||||||||||||||||
|Balance Sheet|- Net assets with donor restricrions-||||sum|Ner assers with donor restrictions|||||686,774||||598,829||
|ofEndowment|and Resuicted<br>Funds||||||||||||||||
|Balance Sheet|—Related party receivable (note|||I6) and||Secured and Unsecured<br>related|||||||||||
|Related party|nore disdosure<br>(note 32)|||||party receivable|||||||||||
|Balance Sheet|- Related party receivable<br>(note|||I6) and||Unsecured<br>related||party receivable|||||||||
|Related party|noce disdosure<br>(note 32)||||||||||||||||
|Balance Sheet|- Property,<br>Planr and equipmenr,|||net-||Property,<br>plant and||equipmem,||I5 344|||17,48I||||
|Total note Ia||||||net (indudes<br>Consuuctiorr<br>in|||||||||||
|||||||progress)|||||||||||
|Notes m the Financial<br>Sratements|||—Balance Sheer-|||Propeuy,<br>plant and||equipment-|||I5',252||||I6,378||
|Property,<br>plant and equipment<br>-||pre-implernentation-||||pre-implementation|||||||||||
|Total note ro|less additions||||||||||||||||
|Notes to rhe Financial Statements|||- Balance Sheet—|||Property,<br>plant and||equipment-|||||||||
|Property,<br>plant and equipmem<br>—post-impiementation||||||post-impl«mentation|||wirh||||||||
|with outstanding<br>debt for original|||purchase|||ourstanding<br>debt fot|||original||||||||
|||||||purchase|||||||||||
|Notes to rhe Finaacial Statemenrs|||- Balance Sheet-|||Property,<br>plant and||equipmenr-||||92||||746|
|Praperty,<br>plant and equipment<br>-||post-implemenmtion||||post-implemenmtion|||without||||||||
|without<br>outstanding<br>debt for original<br>purchase||||- note||outstanding<br>debt for|||original||||||||
|Ia||||||purchase|||||||||||
|Notes to the Financial Statements|||—Balance Sheer-|||Construction<br>in progress||||||||||357|
|Consuuction|in progress||||||||||||||||
|Balance Sheet|- Lease r' ht-of-use||assets, net|||Lease ri ht-of-use|asset, net||||||||||
|Notes to the Financial<br>Statements|||- Balance Sheer-|||Lease right-of-use|asset pre-||||||||||
|Lease righr-of-use<br>asser pre-implementation||||||implemenrarion|||||||||||
|Notes to the Financial Statements|||- Balance Sheet-|||Lease right-of-use|asset post-||||||||||
|Lease right-of'-use<br>asset post-implementarion||||||implementation|||||||||||
|Balance Sheet|- Goodwill|||||Inamgible<br>assets|||||||||||
|Balance Sheet|- Other intangible|assets||||Intangible<br>assets|||||||||||
|Balance Sheet|- Post-employment||and pension|liabiTiries||Post-employment|2nd pension||||2,99I||||3|439|
|||||||liabiliries|||||||||||
|Balance Sheet|—Note Payable and||Line ofCredir for|||Long-rerm<br>debt - for|||long rerm|100,000|||65,ooo||||
|long-term<br>purposes<br>(both current|||and long term) and|||purposes|||||||||||
|Line ofCredit|far Constmction<br>in||process||||||||||||||
|Balance Sheer|- Note Payable and||Line ofCredir for|||lang-term<br>debt<br>—for|||long term||50,000||||50,000||
|long-term<br>purposes<br>(both current|||and long term) and|||purposes<br>pre-implemenrarion|||||||||||
|Line ofCredit|fi&r Consuuction<br>in||process||||||||||||||
|Balance Sheet|- Note Payable and||Line afCredit far|||Line ofCredit for|Construction||||||||||
|long-term<br>purposes<br>(borh currem|||and long rerm) and|||in process|||||||||||
|Line ofCredir|for Consuuction<br>in||process||||||||||||||
|Balance Sheer|- Lease ri ht-of-use||asset liabili|||Lease ri hr-of-use asset liability|||||||||||
|Balance Sheet|- Lease right-of-use||asset fiability|pre-||Pre-implementation||right-of-use|||||||||
|implementarion||||||leases|||||||||||
|Balance Sheet|- Lease right-of-use||asset liability|post-||Post-implementation|||right-of-use||||||||
|implemenrarion||||||leases|||||||||||
|Balance Sheet|- Annuities|||||Annuities<br>with donor|||resrricuons||||||||
|Balance Sheet|- Term endowments|||||Term endowments||with donor|||||||||
|||||||restricrions|||||||||||
|Balance Sheet|- Life Income Funds|||||Life income funds|wirh donor||||||||||
|||||||resuicrions|||||||||||
|Balance Sheet|- Perpetual<br>Funds|||||Net assets with donor|||||28,27o||||24,2I6||
|||||||resuicrions:<br>resrricred|||in||||||||
|||||||perpetuiq|||||||||||





## 

|||||||||202I|||2020||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||5'000||L'000|6'000||f,'000|
|Modilied Net Assets|||||||||||||
|Statement ofFinancial Acriviries - Toral Operating||Tonl expenses wirhout||||donor|||34,636|||34,46i|
|Expenses (Total I'tom Sratemenr ofFinancial<br>Acriviries||restrictions|- taken direcdy from||||||||||
|prior ro adjustments)||Statement|ofFinancial|||Activities|||||||
|Starement ofFinancial<br>Activiries<br>- Non-Operating||Non-Operanng||and Net|||||io9,507|||zy,z8o|
|investment<br>rerum appropriated<br>for spending),||Investment|gain|(loss)|||||||||
|Investments,<br>net ofannual<br>spending<br>gain (loss), Other|||||||||||||
|components<br>ofnet periodic pension costs, Pension-|||||||||||||
|related changes ocher chan net periodic pension,|||||||||||||
|changes orher rhan net periodic pension,<br>Change|in||||||||||||
|value ofsplit-interest<br>agreemems<br>and Other gains|(loss)||||||||||||
|- (Total from Smtement ofFinancial Acriviries prior to|||||||||||||
|adjustmenrs)|||||||||||||
|Statement ofFinancial Activiries - (Invesnnent<br>return||Net invesunent||gain (losses)|||||ro7,976|||28 S34|
|appropriated<br>for spending)<br>and Investments,<br>net of|||||||||||||
|annual<br>spending,<br>gain (loss)|||||||||||||
|Statement ofFinancial Activities - Pension related||Pension-related||changes||orher|||||||
|changes other rhan periodic pension||than net periodic|||costs||||||||
|Balance Sheet - Net assets without<br>donor resmctions-||Net assets|wirhout||donor||||(z,3zo)|||(2,107)|
|sum ofDesignared<br>Funds, General Funds and Pension||resuictions|||||||||||
|reserve|||||||||||||
|Balance Sheet - Net assets with donor restrictions-|sum|Net assets|with donor resnicrions||||||686,774|||S98,82,9|
|ofEndowment<br>and Resmcted Funds|||||||||||||
|Balance Sheet - Goodwill||Inntngible|assets||||||||||
|Balance Sheet - Related party receivable (note i6)|and|Secured and Unsecured||||re)ared|||||||
|Relared party note disclosure<br>(note 3z)||party receivable|||||||||||
|Balance Sheet - Related party receivable<br>(note i6)|and|Unsecured|related||party|receivable|||||||
|Relared pany note disclosure<br>(note 3z)|||||||||||||
|Morhlled<br>Assets|||||||||||||
|Balance Sheet - Total Assets||Toral Assets|||||||8oo,SSr|||68o,o87|
|Notes ro the Financial Statements<br>- Balance Sheet-||Lease righr-of-use|||asset|pre-|||||||
|Lease right-of-use<br>asset pre-implementation||implemeniation|||||||||||
|Balance Sheet - Goodwill||Incm<br>ible|assets||||||||||
|Balance Sheet - Related party receivable<br>(note i6)|and|Secured and Unsecured||||relared|||||||
|Related pany nore disclosure<br>(note 3z)||party receivable|||||||||||
|Balance Sheet - Related party receivable<br>(iiote i6)|and|Unsecured|related||party|receivable|||||||
|Related party note disclosure<br>(note Sz)|||||||||||||
|Net Income Ratio|||||||||||||
|Statemenr ofFinancial Activiries<br>- Change in Net||Change in|iNet Assets Without||||||(zi3)|||(r,37r)|
|Assers Without Donor Restrictions||Donor Resrricnons|||||||||||
|Sratemem ofFinancial<br>Activines<br>—(Net assets released||Total Revenue and Gains|||||||rz,86i|||IS97S|
|from restriction),<br>Total Operating<br>Revenue<br>and Other|||||||||||||
|Additions<br>and Sale ofFixed Assets, gains (losses)- Toral|||||||||||||
|income less investment<br>income|||||||||||||