2022-07-31-accounts - The Dean And Chapter Of The Cathedral Church Of Christ In Oxford Of The Foundation Of King Henry Viii

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				Pages
Coverniug golly, OFficers and Advisers				2-4
Rcport ofthe	Governing	Body		5 '4
Independent	Auditor's	Report		I5.17
Statement ofAccouming Policies				l8-22,
Consolidated	Statement	ofFinancial	Activirics
Consolidated	and House Balance Sheers			24
Consolidated	Staremenr	ofCash Flows		25
Notes to the	Financial	Statements		26-50

						(t)	(z)
Dean:
The Ve Reverend Professor M.'sV. Pere		(rcsi ned		z6 A	r zozz)
Canons:
The Reverend Canon Professor	N.J.Biggar	(retired 3oSept			zozz)
The Reverend Canon Professor	S.R.I.Foot					~	~
The Reverend Canon Professor	G.D, Ward
Canon Professor C. Harrison						~	~
The Venemble J.P.M. Chalfey
The Reverend R.C.Peers		(resi	ned	tsr Nov zozz)
Students:
Professor R.B. Rutherford
ProFessor R.L.Judson
Professor I.M.C. Warson
Professor E.J.F.Sim son
Professor S.D.Howison
Professor M.J. Edwards
Professor M.D. McCul loch
Professor S.L. Rowland-Jones
Dr B.E.Jaclt
Professor D.P. McDonald
Professor S.Neubauer
ProFessor B.Parkinson
Professor E.M.C. Tandello-Coo	er	(I'ettt'etl 30Sc			[zozr)
Dr D.P. Moran
Professor G. Willrinson
Professor R.L. Davies
Professor SirJ.I. Bell		(resi	ned 3oSc t zozz)
ProFessor G.A. ohnson
Professor J.G.E. Cross
Dr A.J.Clarlt
Dr B.'sV. Youn
Professor J.J.Davis
ProFessor M.C.A Bose
Professor J.Yee
ProFessor A. 1&uhn
Mr J.C.F.S.I.awrie
ProFessor D.Aarts
Professor S.J.Cra
ProFessor R. 'sVade-Martins
Professor J.I&.Schear
Professor E.G.W, 1&esne
Professor S.C. Mortimer
Professor I&.McGer
Ms P.A. Linibres-Hartle
Mr I&.Stcrnber
Ms L.Flder
Professor S. Dadson
Professor S.L. Newstead
Professor 1(.C. 1(in Professor R.Barlter		(rest	ned r Jul		' zozz)

ear ended st July zozz
Professor S. Hiscocl&
Professor G. Hutchinson
Dr K.Lebow
Professor A. Kuo
Professor SirT.Berners-Lce
Professor A. Vasudevan
ProFessor P. Sedldcel&		(resi	ned st	Au zozr)
Professor Y. Gal
DrJAllison		(resi	ned so Se t zozt)
Dr S Duncan		(resi	ned so Au zozz)
Professor S Grahl
ProFessor M Holwe
ProFessor C Kcnneficl&
Professor Y Nal&atsul&asa
Dr L Brassart
Dr ESmith		(resi	ned so Se t zozz)
ProFessor N. R.Mean	o	(a	ointed	r Se t zozn)
Dr F.Giusti		(a	ointed	r Oct zom)
Dr A. Chiavari		(a	ointcd	r Se tzozz)
Dr W. Ghosh		(a	aimed	r Se rzozz)
DrT.Ko latadze		(a	ointed	t Se &zozz)
Dr N. Smart		(a	ointed	t Oct zozz)
Professor A. Benaissa		(a	ointed	r Oct zozz)
Ms P. Robens		(a	ointed	r Ocr zozz)
ProFessor S. Smart&		(a	oin ted	I Oct zozz)

Thc con	solidated net Funds o	f the H	ouse rose by	E87,770lc in thc year (zozo-zt:
			202I"22,	2020-2I
~	Unrcstrictcd Funds		(E 8iz&ol&)	(E zr&l&)
~	Rcstrictccl fumls		E 88zk	(J. tnzyl&)
~	1)ndowmcnc fimcls	(*)	E9hitgk	J.86,8I81&
(*)Inclucling total iiwcsnncnt		gains	in thc year oF J90,zgyl& (zozo-zi.' J88,38ol&).

Risk										Measures
	Regulatory	iislc								Close cominunication with die Clmrit& Commission in light ofthe OFFicial Warning
	Pandemic									Effective implementation oFgoveinmenc policies;	supporc	For
										research into effcccivc treatmenc and vaccination.	Insurance
										(where possible)
	Rccruinnent		oF	scaFF		(academic		and	non-	ferms and condicions ofservice reviewed regularly
	acadeinic)
	ltcpucational standards		risl&	From		lapses	in	academic		Monicor admissions procedures, student satisfaction and student performance induding exam resuhs
	IT nccwork	and dace			sccurir&					IT managed jointly with Pembroke /k Sc Peter's Colleges.
										Investinenc in people and hardware/software
6.	Disasrcr									Recovery planning procedures reviewed regularly,	liaison with
										emergency services
	Decline in	purchasing			power ofthe cndowmcnc					DiversiFied porcFolio and close oversight From the	Investment
										Group
8.	I'ower supply		disi	up&ion						Contra« in phce For s&andby generators
y.	Fmployment		disputes							Govcrnancc and Human Resources rcvicws comniissionccl and umlcrway

		Notes	Notes	Unres&ric&ed Funds f.'ooo	1?clrriaed Funds f,'ooo	Endowed Fllll&l& f.'ooo	2022 Total J'000	2021 Tool E'ooo
INCOME AN D ENDOWMENTS	FROM:
Charitable activities: Teaching, research and residential Carhedral School				9,588 t,996 134	65 236	IO	9,588 2,0GI 38o	6,439 2.,014 163
Cadied ra I
I-leri&age Donations and legacies Other trading income				05 976	4s6	3,010	3 581 976	2,ug r82
Investments: investment income Total return allocated to income Other income Total income		15 5		170 11,715 60o 25,294	z6 7,186 15 7&984	z7,984 (18,901) 12103	zg,rBo 6rS 45,381	19 596 n945 3b457
EXPENDITURE ON:
Charitable activities: Teaching, research an&I rcsi&lemial				so,618	5039 766		35,657 7GG	22,38r 624
Ocher char irable activities Cadledral School Carhedrsl				2,651 1,750	303		2,Gsr 2,053	2,i6i 2449
Public worship
)seri&a e
Generating fitn&ls: Fundraising Trading expen&li &0re Endowmem management	co&ra			794 9l7 r84		5 603 2,073	794 947 5,787 2,073	603 609 4, 107 1,402
Iiuerest payable on loan notes					G,rog	7,676	50,728	34,G36
Total expenditure
Net Income/(Expenditure) before gains				(11,65o)	1,876	4427	(su47)	(2 179)
Ncl galils Oil lllvcsllncnl'& Gains on complex financial Net Income	ins&rumeius	12., I3 z6		2,830 (B,gzo)	r,87G	90,287 94,7r4	90287 2,83o 87,77o	88,380 1,531 87,732
Transfers between funds			20	590	(994)
Net movenlent in funds for the year				(Siaso)	882	95,118	S7,77o	87.7»
Fund bahmces brought I'orwir&I			ZO	(zuzo)	12,,135	674,639	684,454	596,722
Funds carried forward at sr July				(ro,tso)	13,017	7G9,757	772,224	684,454

				2022	2021	2022	2021
			Notes	Group 6'ooo	Group Eooo	The House 6'000	TIIc House OOOO
FIXEDASSETS Tangible assets Property invesnnents Odler invenments			10 12 13	14707 357,828 504 525	15 344 304,918 461,204	14704 310003 549 719	ls 338 258,244 506,398
Total Fixed Assets				877,o6o	78r,466	874,426	779980
CURRENT ASSETS Stocks Debra rs Cash at bank and in hand			16	944 9,9G6 r3,362	813 3,060 I5,212	885 13,675 lar403	766 4,862 14,936
Total Carrent Assets				24,272	19,085	26,963	20,564
LIABILITIES Creditors: amourus Falling duc within		one year	17	2.0,324	6,669	20,405	6,574
NET CURRENT ASSETS				3,948	12,II6	6 ssg	13 9911
TOTAL ASSETS LESSCURRENT LIABILITIES				Bgr,oos	793,882	Bgo,984	793970
CREDITORS: falling dne after more than one year			rs	103 575	Ioli,385	1113575	106,385
Provisions for liabilities	anrl charges		19				52
NET ASSETS BEFORE	PENSION LIABILITY			777 431	687,445	777,4o7	6S7,533
Defined benefit pension	scheme liability		24	5 207	2991	si207	2 991
TOTAL NET ASSETS					684,454	772,200	684,542
FUNDS OF THE COLLEGE			20
Erulowment funds				769I757	674,639	769,757	674,639
Restricted funds				13,017	12.,135	13,017	12,135
Unrestricted flrnds Designarerl Funris General Funds				1,589 (7,926)	I 494 1,013	r,589 (3401)	'I 494 5,65o
Rcvahlsl\00 I'csclvc Pension and loan swap reserve			ro, 24	4549 (8,762)	4 549 (9,D6)	(8,7G2)	(sd76)
					684,454	772,200	684,541

				2,022,	202I
			Notes	f.'000	E'ooo
Net cash provided by (used in) operating activities			27	(r8,938)	(W,650)
Cash flows from investing activities Dividends, mtcrcst and rcnrs From investmenrs Cash inflows From new borrowing Inreren payable an loan notes Invesrmcnt management costs				rs,rgo (2o73) (5,787)	r9,596 35,000 (i,tor) (4.roy)
Proceeds From rhe sale of propercy, plane anil cqniprnent					b533
Purchase of' propert&, plant and cquipmem Proceeds from sale ofinvestmerus				(298) 23 949	(03) I3,I90
Purchase of invemncncs Net cash provided by (used in) investing activities				(29 893) r4, o78	(46,6oy) I7,II0
Cash flows front financing activities
Repsymeius ofborrowing Receipt of endowment Net cash provided by (used in) financing activities				3,0I0 3,0IO	I,427 I,427
Change in cash and cash erpiivalents in the reporting	period			(t,8to)	887
Cash and cash equivalents at the beginning ofthe reporting		period		15i212	i4 325
Change in casli and cash equivalents tine (oexchange	rate movements
Cash and cash equivaleats at the end of the reporting	period		29

INCOME FROM CHARITABLE ACTIVITIES	INCOME FROM CHARITABLE ACTIVITIES	INCOME FROM CHARITABLE ACTIVITIES	INCOME FROM CHARITABLE ACTIVITIES	INCOME FROM CHARITABLE ACTIVITIES	INCOME FROM CHARITABLE ACTIVITIES			JOIJ	2011
								5.'ooo	f.000
T	hing, R . h and R sid		ndd
Unresrricred f& nds								I,j&0	I,995
	'I uioon lees - Ul& and EU studcnrs Tuinon Ines - 0 c seas srudcnrs							&,199 355	l,l}1 Snl,
	Orher Oflice for Srudenrs	support						Ilz	Ilo
	0 I er, cade c lncmne								1,707
	Cogcgc residcnrial income								&03
	Vinro income
Tora(Tes I ing, Res«h		nd R		id ndal
Unrcsmaed funds								I 99G	1,0&S
	Carhedr I School incom							I}S	sg
	Carhedrolincomc							2.Ijo	z,om
A	roral ol'rnk (zozo-zl GS}k)		nm receival		n rb	year	I' om rhe Comr 2 i&us lob Rercnnon	Schenle b} rhc Cachedral School nld Ca&bed II.
Resrricred Mndr Carbalr I School incon e								Gs ~26	roc
	Ca hedral irlc me							301	IOS
Fndo edf nds								In	u
	Ca&bed I income							In
								2.,&42	2.,&77

INVESTMENT	INCOME	INCOME		202.2		10
				F,'ooo	Eooo
Idrrnr cledf				Hi		7ft
Agriculmral	rcm			15		5
Bank inreresr						I
Orherinreresr				170
0 her rnrerea						17
				26		17
L' d vedfsrd				SI5		Gla
Agricuirural	enc			5 nl	5,lls
Comr ercial	cnr				I	77I
Orher propc rl income Eciulrr di idcnrls Orh in srmcnr ncomc				G56 ~f9,50 ~2,984	l75 ~u, 6G ~19,48
Tor I I v tm	nti	co		28,tso	19	596
OTHER INCOME				2027.		1011
Orher Iisceg,	ncous	mco	c	l.'ooo Goo Goo	Eooo ~I, 18 1,918
lhrrd t a'f dr
Odtcr miscelhlncous		income		IS		I7

ANALYSIS OF EXPENDITURE	ANALYSIS OF EXPENDITURE	ANALYSIS OF EXPENDITURE	ANALYSIS OF EXPENDITURE		1001	011
					8000	Coo o
Ch		i&ski spend't r
	Direcr snffcosrs agocared Tcaclung, research and		&o residcrind		II,I43	8,r46
	Orhcr d rccc cosrs agocnrnl 'I'eaclung, reset ch and Orhe ctiarirabl acci iri		co. residcnnal s		11,016 7G6	rr,oS6 614
		Carhnlnl echo I			1,57&	h393
		Carbcdml			2,0D	1449
	S	pporrandgo mari«cc Teaching, research and Carhcd al mhool	r all csml res dermal	rot	3,468 go	3449 65&
Tot		I h it bl xp ditur			41,&17	17915
Exp		dit o ge ting	f ds
	D ecr mfF cnsrs agocaccd		r
		Fundrais ng			534 48&	&75 mlt
		Trading exp endimrc I I esr enr mansgcmen	co&ra		59	84
	Other di acr co.rs goc.&red ro				i67	15&
		Fuadra& ng				100
		Trading expendaure Inves menr mamgcmenr	cosrs		W79 1.,073	3 714 1,401
		lnrc esc payable on nor«s
S Tot		pporr nd go nance coscs agocared F ndraising Trad ng cxpcndirure Invesrmnir mniage nr cosa I pendim e on g ti g f nd		co&	93 8z ~34 &,Got	7G gr 199 6.711
Total xp di& r					50,718	34,G36

Sl'AFP COSTS				2022	'101.
				flooo	6000
The aggregnc s.IFcnsn For the		year	ere ss follows.
				8m38	7,847
SaLtnes nd vages				826	713
Sot 11xe ' Idt)' coax
Pension o rs				I,556
Defined bcncfiische es				2,I92	(448)
Pension dehcir hab	bry mo	ment	(nore 24)	2 t07	Ix
Redundancy 2nd rc	In. non cosrs			PG6	8u
Ocher benefits
				x5,88G	io,ygg

TANGIBLE F	I	X		ED	rb	qSEf	g
								Leasehold			Freehol I		F	rure,
Gro p								land		and	land a		lirnnp,	books
								build ngs I'ooo			buildmgs f.'ooo		and equ	pment f.'ooo		T tal 8'ooo
C Ar sn col'year										4I7		I»,511 66		8,3G6 1)1		13,304 298
Addirio s														D
Di posab
Transfc Ai d fy.										4ly ~l, gy			~8,5 8			1),dos
Dpeiti*		.		dimp		I	ent					»,ylg		3n)		7,06o
Ar srare of yea												Goo		D&			935
Depre«soon	charge				for	d e	&ear							0			0
Depreciarion At md*fy	o		disp		sale					D		5,328	~567		~8,8
N tbo kv	I	e								4I7		9 259		),D)I		l» '707
At nd fy .r
										'ii7		9 793		1234		IB341
Ar sts cof&ear
Th Ho								l,easehold land arid			Freehold land and		Fixnues, firdngs, books
									buildings f.'ooo		b	lings Gooo	and equip enc f.'ooo				Totd 8'DDD
C st										4I7		IB5		8,&tl		23,28I
Ar scan of&	tr											6G		134			300
Add«one														0
Disp sale
Tra sfers										ti7		I4,588	~tb 7G		~23, 8r
At d ofy
Dp ido				dimpi			«I					0719		)ni I »			7943
Ar a err of' ye.												600		3H			9)4
Ch rge for th			&'ear							D		5,3 9	~548				8,87y
At ndofy	.
Nlb 8		I								4'7		9H9		5,028			I4,704
										4I7		9793		&, I28			'5 338
AI attn li'Car
Th Hrnseha suimanriallongheldlisron asserssgofirlncliareusedinrhccourseohhcHousc'srearhingandrcscarcba«i ines. Tlcscc npris lisrcdbuldings o die House ore rogerher i I thc coiircnrscompnsiny, ksofarr ancient boks and snore iprs and orb r rrrssured s r Bus Bccau cof'd ci agc, ntl in man&cm, uniime, re, r liablchis c.lcosrinform onis or, ulabl I'or hest, crsandcouldnorbeobrsi «lcxccpcardspropord mcecxpcme Ho e, in th opi ion 5rh Trust es ch depreoacnl hi orical cosr of rhe«I s«s s nni mmsm hl

											20m.	loll
l3	OTHER INVESTMENTS			CONTINUED							Eooo	f.000
	The Hone inv rmem										46I 204	39i996
	Valuarlon ar srarr oFymr										6,88,i	I io)
	Ncu mon y imesred										(21,8lo)	(34,798)
	\ nounrs lrhdra (Decret e)/ «' mse n cast			I eld							yo 783 Io	18,62r 6o
	Invescmenr managcmuu fce increase in due of'invcsrmenrs										(u,546)	G),821
											5r'4 nf	46r,toc
											45 '94	41191
	In e mlenr n sobs dines
	The H sa Invest nt		r	end	fy						549,729	)oG,398
						Held	olde	I.lcld rn	2011	Held oun de	Held in	202I
	Gopiv t r mPri						rhe UK Eooo	rhc UK Eooo	Told f.'000	rhe UK Eooo	rhe UK f.'coo	Torsi 6ooo
	Fata ly inwscnunrs Global nmlri-anec Funds 9 openy I'unde							287 334))7 51,920	18y H2 H7 II 9m		290 )54,801 525l5 5 lo'l	290 Ã4802 In)'5 i,400
	Deferrrd colulderari n Fued mm d police and	cast						lr9,981	lr9 98l		49 l97	49 l97
	tt							504 515	504 525	0	46l,104	16I,104

													Thomas Wolsey	Thomas Wolsey	Thomas Wolsey	(VCSFa&mi g l.ln rerl	(VCSFa&mi g l.ln rerl	CI	rial Ciairch 0 lord	rial Ciairch 0 lord
													9 opercy						Trading
														5'ooo			5'ooo			f'ooo
															)6		S)			978
Inc nle Exp ndimrc Donacion ro rheH usc ndcr Bl'cxi	I														(i)) 0		(D) B)			(9&9)
																	47
Re ul& for rhe)ear
														26,&gt			) 39O			No
Tora) nsscrs Toid lab I ries														(I,IQ)			(cop))			(964)
iNet f'unde ar thc end ofyear														26019			2,197			(i4)
Fo p&loc)cil coopx .Ici I Icc occ	35c.
STATEMENT OF )NVESTMENT	TOTAL RETURN
The Trustccs hi adopred. duly urhor sed rccum co he applied as income rsmlcularedm pr ceding Eve y ars The presened (fm cn) e do erin alued ar dare ofyli.				policy of roral ruurn tc ounring 315'7 (tou. )253o) (pin cosrs) linc ofrh ime d erld rn nr					for tbe Hours's in 'esrrn ofrhea &rage ol'rhe yea c pm&i represenrs irs open						nr returns irb efFecr From & Auyar -end aluesofrh tele amimmrmenrs marker slue inioox rogerhcr irh					xoor. Thorn esrmen in each ofrhe alla bseg nr
											9	mmlenc U		Endo n enr sppl cd					Expendable El&do ment			Toiai Edo u
									'I'nur		for				Tor I
									In esrni r f.'ooo					Rerum Eooo			roid Eooo			f.'ooo		f.'oo
At tb b gi ingoftb y Gifrconlponenrnfrh permanent endo Unappl ul mrai remrn		ncac							lml)4						rt,o)G		&439& r&,o)G	14 'U4 I4,0)G ~646,)G ~66,)6
Expendable endowmen T*I.IEndo» nt									&4u34					ts,o)6			28,170		G46,)69			G74639
Mov nt I tl parti gp I d: G fr oF eadowm nr funds estmenr ecurn. rotal invesm cnr m orna Imcsrment rerum& realised nd unreahsul less; In" mien manageme n coen			gxins ~			d lossu					&47				I,&75 3 792 (Bi) 69		'47 &475 3,792 hii) 69			I,SG& 26,8I9 86,495 (76)i) B5	3.0&o 17 994 90,187 (7,67G) ~04
Orher r nsfers Toi. I											II7				4 7&5		4,862			'O9 &57		limo&9
U wpplwd rotal rerurri Blocarcrl ro income in rii Fipendable endo mlcnrs transfctred o inco ne Ntn vn ui rp rdngp i d						repairing	peri	d			o ' &7				(739) (737) B97G	(739) 0 ~(7)) .5,&23				(&8. G ) (Ik&62) 9CW95		(18.901) 0 (&8,9oi) 95,&&8
At end of th r pard g p iod: GiF&cotnponen ofri pe&mancnrendo Unapplied roral rerum Ftp ndablc endo m nr Total Endo m nt		nenr								rm)S 14,38&					rs,on 18,012.		4,}8! Is,oil ~7)BG 31393 737 3G4				&4,381 IS.OIt ~737, Gs 769757
For p or y ar c mpt, rwcs scc ore 35		d.
&6 DEBTORS															1012		101&			2.07.2		201I
															Gro p f.000		Gto p Coon		Tl	II oooo		Thc Ho se f.'ooo
Ant u F, gi gd 'rlin	y														r. 932.		t5B			1,74 I		i.i88
Tr de dcbrors															&48		l&4			I 58
Amour&ra owed by House mrmb	rs														0		0			2 579		B'
Amo ntso cd by Group unde ctkings Tataci 1 d iocial wc riry 9 spay non an&la crued income															7 G,GIO 2.29		l,l)i 159			5 6,649 172		0 &.23&
Orhcr deilmr
Ans* ts f Bing du ftm o	du	o			yurt															&68&
loa s
															9,9GG		),CGO			t),675		4,862

ANALYSIS OF MDVEMENTS	ON FUNDS	ON FUNDS	A rA g s 10'll f.'coo	Incom Dooo	F pendirure Eooo	&fere l.'ooo		Gains/ (losses) Eooo	A&3&i ly 101.2 &.'ooo
E do s ent P nd -9 S&udcnr Supporr Funds Ac.demic Posrs Il& nds Lib«ry Funds			ron&8 '7 936 &G	445 87.1	(n6) (10&) (B	(»i) (395) (1&		l,)70 '»4&0	n, GSG 20 61.0 87
Eadowm t F nds - Exp lubl Hcyman-bionrsgc efaccion Dr Sourb (3/Rbs) Lee Bcnefa«ion Me ury F nd (i/&rhs) Building& Funds Card ns R Gro nds F nds Spo rs Clubs Funds Library Funds Pier reGagery F nds Academic Posrs Funds Srudenr Supporr Funds Carhedral BcChorisrc Supporr F ndl Bcnehccs Fends Orher Funds Gene«l Endown&enr Funds Tor &Endo t F ds			G0,396 )8«80 &4079 '2 939 G,x&8 596 &'I 3 569 &00 33 345 27,268 '3 994 13 544 &0,761 &00,508 G74,G)9	1«98 &,57& &SG &H 2&9 15 &79 21 1,&01 'l,I&2 7&5 974 &,148 17,156 3&,00 I	(6H) (431) (i6r) (»7) (&i) (6) 0 (4B (6) Dso) ()11) (rn) (1G7) (»I) (4615&) (7,67G)	(&,7&1) (»'177) (Iol) (&67) (D6) (m) b) (M) (14) (8&9) (709) (»7) (G67) (yi) (rr,nx) (&8,497)	8,09} &,071 &,89& 1,717 8» Bo 4 48o G& OIG& 3 79'1 &,8&7 )rn 25}9 ~3&2 90,'187		68»7 43,6I& 16093 r4,687 7,105 Gya 36 4,088 368 38,093 3»3)9 16,0&4 26,715 13,346 ~455 7G4,75'7
Rsui«din F ds. P Smdcnr Sappo r Funds i.ibr TF nds Academic Posts Funds	n	nt	196 8 &3G Gto		(r48) (r) (&m) (4&r)	175 373 H9		0	21& 8 489 710
R«ui«din om Fu d - Expend. Heyman. M irr. Bcaef, r m D Soud& (3/5th&) Ice ganef& ri n hiercury F nd (I/&du) I& ildngs Cardens R Grounds Fu d		bl	15& 1,»6 30& 34 !7 0		(t Do) (7&G) (37&) (cur) 0 (1) 0	t.jll & 077 401 I			353 »507 334 32 0 3
Sports Clubs F nds Libr r& funds P crurc G.I&cry Fund Acadeinic Posrs Fund Srudem Suppo r Funds Cwi&erlrsl BcChoris r Supporr Funds Bcnegc i Funds Orher Fonda Sab-t r &R«i l«di co (E*p ni. bl )			7& 1 &,154 1,440 li 100 }47 5,9&&	8) 37 16 r88	(69) 0 (696) (7») (&8&) (U) (isl) (I, ot)	&S G 739 7&5 357 '15 IS} &,GBS		0	00 8 1,380 &,469 14 84 369 6,683
BR&dinge Funds Gardens 8:Gr unde Fund Sp rrs F nds I.ibmry Fu Is P rare G 1&cr& Funds S u dane Supporr Fund C died 6R Chon tcr Suppor Odle Funds 8 b-total R uict d ia om Tor&Rsri & dl' ds-Th	Fu f nd Ho	la s	4,}6S 94 15 &1 &7 }Go 159 ~29 I 574 &1,&&5	l1& 7 0 GI &01 lo& Glo ~78	()i) (ci) 0 (») (» (58) (172) i/Il (&27) (G,iog)	0 0 (4) 0 (4) (6/) 12 (&i) 6,&91		0 0	4,469 Go 3 98 D 363 212 328 5,612 I),017
Resmc«l him&a held by sobs	6,
Tots(R trict d F nds			I'» Ij5	798	(6,ioB)	6, 92			13,0&7

RcsuictcdF nd.
Resmcred income 5 nni	Perrnaiiem		In	arne		genemced			from Perm		n	nc Endo	I nr nor spear	2nd		a st(able	For Fiiiu ccosa on rhe rcsiricred
			purpos			ofrhc		cl, nry as		ind	cared m rhegroupcd headinfi.
Restri ed income fro	Espcridablc		Itic me			ger&eared			From Experid			ble Endo	mous i ro I nor		poir ond .		.liable for hrrurc cosu of die
				I ri«rcrl pu			poses, pplicable				ro	ctie endo	nlenr Funds
Rmtricrcd ncome fund			A oris purposes			lidsrion oF risc		ol'gil'ra and donaaons here b b ncomc and capical can be used For rhe rcirnc cd chari y as indimr J in itic grouped tieadings. harem
D ignatcd fund D gnared Fund			Unrmr 1 I I		icred Fumls alloca hie fore pcndirur					d tiy Go crn ng Body f'or Futu on chcHouse'sg col purposes.				e	co&ra as designarcd			and I lore	arc not
Thc Generd Unrcan«rcd Funds		epreseni sccumula	d inco		e	porn	tb		House's. covines nd orher s ccs ths							liable for rtie		gcncral purpos	s ol'&tie
H usc.
ANALYSIS OF NET ASSETS BETIVEEN FUNDS												Un rcsrricrcd			Rcsrncred			El&to 'alen&	202
													Funds			Fund		Funds	Toml
													E000			f.'ooo		oooo	Dooo
Tangible fIed assers P opcr&y imes nenrs Other m escmcats Ner cur enc 1 r r I.ong rc m lish I c cs Pension Eind J loan	s sp pro	isions										10,5 D D 1597 (4 873) (10,010) (8,7G4) ~10,550)				4297 0 8,870 13,017		0 357i»9 501 928 0 (90,000) 0 7G9,757	14707 357,819 S04Sal 3947 (100,020) (8,y64) 772,014
													Unresrricred			Resrricrcd		Endo ne r	707.1
													Funds			Funds		Funds	Tot I
													E000			5000		fooo	S.'ooo
T. g ble Ii» * Isacr Prop ny in esonc a 0 herl csun n&s ific currenr aer Iong rerm lisbil aes Pension fund and loan swap p ovisions													11,175 0 1,4ll,i 4449 (10,000) (9 Us)			4, 169 0 D 7,9G6 0 0		3'16919 459 710 0 (90,000)	IR344 I&'49'9 461,204 11,415 (IOD,OOO) (9 418)
													(1,370)			II,IU		G74,639	68»454

Qualiged acruarca p rxlic lly vdue ti e USS and OSPS defined bcnegrs s ng the 'p ojecced imir merhodk embracing a mt ket slue appro ch. The resulnng Ic els ofc nrrib cion rake cco or oF. ru. 1st u pluses ordegcirs n eacl scheme Ttie tin ncial assumpeons acre Icri ol From nlsrkeccondirions pre 2 ling ~rttic valuadon dare. Thc rcsulcs ofrbc laresr accuarial valuarions uul rhc assumpoons which have chc mosr igniFcant etfecr on che esulu were	Qualiged acruarca p rxlic lly vdue ti e USS and OSPS defined bcnegrs s ng the 'p ojecced imir merhodk embracing a mt ket slue appro ch. The resulnng Ic els ofc nrrib cion rake cco or oF. ru. 1st u pluses ordegcirs n eacl scheme Ttie tin ncial assumpeons acre Icri ol From nlsrkeccondirions pre 2 ling ~rttic valuadon dare. Thc rcsulcs ofrbc laresr accuarial valuarions uul rhc assumpoons which have chc mosr igniFcant etfecr on che esulu were	Qualiged acruarca p rxlic lly vdue ti e USS and OSPS defined bcnegrs s ng the 'p ojecced imir merhodk embracing a mt ket slue appro ch. The resulnng Ic els ofc nrrib cion rake cco or oF. ru. 1st u pluses ordegcirs n eacl scheme Ttie tin ncial assumpeons acre Icri ol From nlsrkeccondirions pre 2 ling ~rttic valuadon dare. Thc rcsulcs ofrbc laresr accuarial valuarions uul rhc assumpoons which have chc mosr igniFcant etfecr on che esulu were	Qualiged acruarca p rxlic lly vdue ti e USS and OSPS defined bcnegrs s ng the 'p ojecced imir merhodk embracing a mt ket slue appro ch. The resulnng Ic els ofc nrrib cion rake cco or oF. ru. 1st u pluses ordegcirs n eacl scheme Ttie tin ncial assumpeons acre Icri ol From nlsrkeccondirions pre 2 ling ~rttic valuadon dare. Thc rcsulcs ofrbc laresr accuarial valuarions uul rhc assumpoons which have chc mosr igniFcant etfecr on che esulu were	Qualiged acruarca p rxlic lly vdue ti e USS and OSPS defined bcnegrs s ng the 'p ojecced imir merhodk embracing a mt ket slue appro ch. The resulnng Ic els ofc nrrib cion rake cco or oF. ru. 1st u pluses ordegcirs n eacl scheme Ttie tin ncial assumpeons acre Icri ol From nlsrkeccondirions pre 2 ling ~rttic valuadon dare. Thc rcsulcs ofrbc laresr accuarial valuarions uul rhc assumpoons which have chc mosr igniFcant etfecr on che esulu were	Qualiged acruarca p rxlic lly vdue ti e USS and OSPS defined bcnegrs s ng the 'p ojecced imir merhodk embracing a mt ket slue appro ch. The resulnng Ic els ofc nrrib cion rake cco or oF. ru. 1st u pluses ordegcirs n eacl scheme Ttie tin ncial assumpeons acre Icri ol From nlsrkeccondirions pre 2 ling ~rttic valuadon dare. Thc rcsulcs ofrbc laresr accuarial valuarions uul rhc assumpoons which have chc mosr igniFcant etfecr on che esulu were	Qualiged acruarca p rxlic lly vdue ti e USS and OSPS defined bcnegrs s ng the 'p ojecced imir merhodk embracing a mt ket slue appro ch. The resulnng Ic els ofc nrrib cion rake cco or oF. ru. 1st u pluses ordegcirs n eacl scheme Ttie tin ncial assumpeons acre Icri ol From nlsrkeccondirions pre 2 ling ~rttic valuadon dare. Thc rcsulcs ofrbc laresr accuarial valuarions uul rhc assumpoons which have chc mosr igniFcant etfecr on che esulu were	Qualiged acruarca p rxlic lly vdue ti e USS and OSPS defined bcnegrs s ng the 'p ojecced imir merhodk embracing a mt ket slue appro ch. The resulnng Ic els ofc nrrib cion rake cco or oF. ru. 1st u pluses ordegcirs n eacl scheme Ttie tin ncial assumpeons acre Icri ol From nlsrkeccondirions pre 2 ling ~rttic valuadon dare. Thc rcsulcs ofrbc laresr accuarial valuarions uul rhc assumpoons which have chc mosr igniFcant etfecr on che esulu were	Qualiged acruarca p rxlic lly vdue ti e USS and OSPS defined bcnegrs s ng the 'p ojecced imir merhodk embracing a mt ket slue appro ch. The resulnng Ic els ofc nrrib cion rake cco or oF. ru. 1st u pluses ordegcirs n eacl scheme Ttie tin ncial assumpeons acre Icri ol From nlsrkeccondirions pre 2 ling ~rttic valuadon dare. Thc rcsulcs ofrbc laresr accuarial valuarions uul rhc assumpoons which have chc mosr igniFcant etfecr on che esulu were	Qualiged acruarca p rxlic lly vdue ti e USS and OSPS defined bcnegrs s ng the 'p ojecced imir merhodk embracing a mt ket slue appro ch. The resulnng Ic els ofc nrrib cion rake cco or oF. ru. 1st u pluses ordegcirs n eacl scheme Ttie tin ncial assumpeons acre Icri ol From nlsrkeccondirions pre 2 ling ~rttic valuadon dare. Thc rcsulcs ofrbc laresr accuarial valuarions uul rhc assumpoons which have chc mosr igniFcant etfecr on che esulu were	Qualiged acruarca p rxlic lly vdue ti e USS and OSPS defined bcnegrs s ng the 'p ojecced imir merhodk embracing a mt ket slue appro ch. The resulnng Ic els ofc nrrib cion rake cco or oF. ru. 1st u pluses ordegcirs n eacl scheme Ttie tin ncial assumpeons acre Icri ol From nlsrkeccondirions pre 2 ling ~rttic valuadon dare. Thc rcsulcs ofrbc laresr accuarial valuarions uul rhc assumpoons which have chc mosr igniFcant etfecr on che esulu were	Qualiged acruarca p rxlic lly vdue ti e USS and OSPS defined bcnegrs s ng the 'p ojecced imir merhodk embracing a mt ket slue appro ch. The resulnng Ic els ofc nrrib cion rake cco or oF. ru. 1st u pluses ordegcirs n eacl scheme Ttie tin ncial assumpeons acre Icri ol From nlsrkeccondirions pre 2 ling ~rttic valuadon dare. Thc rcsulcs ofrbc laresr accuarial valuarions uul rhc assumpoons which have chc mosr igniFcant etfecr on che esulu were
										USS	OSPS
Dac ofvalun io D rc lusdon r soles p blished										}I/O)/10 30/09/sl E8o.Gbn	)I/03/19 l9/06/10 E848m
V.Iue of liabiliricsl Value o(sacra. Funding surplus / (de/ cic):										EG6)bn (f24.ibn)	67390 (En)m)
Prmopdanumpnons: Discount t(c							.i N		b	Fucd ntcretr gilr yield om e	Cites +0.)% ro 2 'I)
										pkls I/ 175
Rar 01'ir crease in satanas lists o/increme in pensions							c/cd			/a CPI 0.0)%	l(PI A e l(PI/CPI
lvlurraliry auumprio s: Malo cuuenrly aged 61 Females c rrcnrly aged 61 ~ Males u rrenrly aged 4) Fen ales curre rly aged 4)										1) 91'll 15 I Yrs ll 9 Yts 17) Yl'	2I 7 )'r '14.4)vs 1).0 y 1 15.80y 1
F nding Ranos; Technicd pro isio s bsas Sr,rutow Pension P orccnon '0 I- r' basis		I'und	bas s							8)'Y 64%	87% 74% 6o%
Rccomlnendcd onpl ye 's con (as % ofpemionahi saisnesk	ihuo		n	rare						1 I%m xi.I Iroll 01Oct 1011
E//ctrl edareof exr alu ion:										)r/o)/2)	n /0 }/1l.
Th discounr rare (I' r sr I rarcsl			Fot rhe		USS	alusdon		ss

inflan n0 ppl s Fron& rime ro rim (r o'y p.a. as	inflan n0 ppl s Fron& rime ro rim (r o'y p.a. as	inflan n0 ppl s Fron& rime ro rim (r o'y p.a. as	inflan n0 ppl s Fron& rime ro rim (r o'y p.a. as	inflan n0 ppl s Fron& rime ro rim (r o'y p.a. as	r u	his&eh so&9).	his&eh so&9).	his&eh so&9).	his&eh so&9).
For pcnsiun incmases hnkcd ro inflt Io&,s peas&0& descnbed ago c,ad)oared &oslo For rhcdi(Fcrenr					inc n&,	esw cur e &s consrrucrcd based on mrher rhc imum and m nimum anno 101 r a s rlur				RPI, CPI or rhc average of' rhe l(PI and CPI nflarmn pply, and rhe Schtn&c AcruauvrbestmomareoFinfianon									uncs
olariliry as applies fram arne ro nmc.
e. The USS a 8 OSPS en&ployer c mrib			mon	r rcs include provisions I'or rhe cosr offu«e accrual ofdchned							I » lira	d*hcir conrribuoons					adminnr	ari	c
pensee 0&d dclined co mburio s.
8 sid 'tyof cm, ial I mion &		ptio
Surpluse&or dciicirs wh cb arise a& Ii c re assumpnons us d &o mmsurc rhc &chem		aluanons Inbilines			may sr m		mpacron our below:		the Hou e's I'uru econr budon	con nucmen	The		asiri		iciet rag. ding		rhepnncipal
USS Am&mpuons Inioal rc.re&i emcnt discounr rare Porr-rmrem ncditcounr are CPI Life c pens cy							morc p	USS Change n Assumpnons incr tee b o.ti% rlccrmse b 0.11% decreosc b o.r% denr. «&&nprion(reduce rheadiuscmenc ro Icbat morrsli cabl b !%)							Impacr mt USS lnbilmes decrease b 8&. bn nero, eb Es.gbn decrease b l&.jbn ncrmse by Xr.tbn
Rare fmorml ry							morc prudenc assumprion (iacre sc the norrdi in ovcmenrs ion -rc n rares			a nasl 8						increase bi	Eo.6bn
OSPS /usum uons: Valuarim& rate of &nrcresr I(PI									OSPSChan einAssum r&uns d «case b o.t&% mcress b o.sj%			I		acco		OSPS rcchmcal inmease b E.ilm inc&case b /corn		iaons
D li itRmo ryPlan
In I nc irh PRS rot pamg aph 18 r&A,		h	Ho		h&		cogn ted		hah&I 9 For rhe conmbuom 1pay blc For rhe. N nl			&lehur			fu	dng plan	'I'I e prinriplc
a mpooas 0 ed in rhcse calculanon	are		r, blcrl below.
									USS	OSPS
fmish Dare fo Def&dr Rc o cry Pi,m A emgc snB nun&ber increase A erage &nfl'slaty inmeaw A e age d sco nr rare o er rhc p od Pfl'ac& ofoI ' change md counc rare EfFccrof / cite cinsrag rowrh									3&/0]138 &.00% 1.50% &d&% /151k /jjGk	11/01/18 o.oo% 1IO/ I 19% turk t&Gpk

FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS
The Hou ehat cerrain financial as&era ar tr, nsacoon value and s bsequ ndy			and finanaal measured ar						liabibties amo rise&I			of a M d rhar quahlj co&r Ccrrain orher fi			s basic Bnancial ancMI insmtn&cnrs	i srrumen s Basic Enanad insrrun& e held ar hir due, th gains a				d	rr are i ir ally rccogni&cd losses bemg recognised
wirhin incom wl expendiru
Tl H set & he fogo sing fin	nasl			ins&ru&nw				cs.								2021 G p Cooo			101& Eooo	Th	2022 H 6'ooo	loll Tt&c House Fooo
F', n I las I mea datl'irv			I			tlr*	gl		1&	r		&ofli		an i. lactivid		50't P5		&6&,104			5497&9	50G,)98
esrrnenrs
																504 525		4G&,&o4			549 7&9	506,398
Pi .n i lass t mess dat. orti Cast& and castx equ «lenr T adc debrors A ounrtowedby Hous members Arno mrs owed by Croup ndcrrd&ings Acc ed i con&c Orhc debrors					d	o tt										&M6x 2,931 &48 0 6,36& 119			&5,&&2 ' 555 I&4 0 881 &59		1,403 1,74& &48 2679 G,)6& I72.	4.N6 &,488 I&4 5)t 881 &44
																23,031			17,921		24,404	18,095
Fi rt ialliabiliti tl.tar 6 bti Notes p.yablc Bank loses - including mure rhan & )				st tr		n	tarn.			*	red	t	o	&is 6 * I		90,000 &0,000		90,000 &0.000 1.1&6			90,000 &0,000 I479	90,000 &0,000 &P94
Trad crcdicors Amo&u&rs o d ta House hlembers College conmbu non Accru. Is 2nd deterred ncome																	471 0		41} 0 MN 0		471 0 M 66 I	4'I} 0 3,369 0
Orh «eduorr
																106,539		&OG,}97			&06,)IO	&05,886
Fi&w ialli, biliti thnt m	.				d. tfai				.I	et
t'a r value cosr oFloan s Ip																	) U5		G,)85		M)5	G,)85
																	3 SSS		G,}85		3 555	G,)85
G ines Glows& on d& loan amp		m rhe				ye	are		disclored			on rhc		Face ol'rhc SOFA
RECONCILIATION OF NET		INCOMING						RESOURCES TO NET CASI I							FLOW FROM OPERATIONS						202&.	101&
																					Go p	Croup
																					oooo	6000
N tin*				met.																	87,770	877P
Elm nadonofno -N erring cmh		tlo																			(18.&80)	(r9,596)
esrm nc income																					(9o,&87)	(88,)8ot
Gai in irwc onenr En&lou Ic&&td 010																					(),o&o) '&,073	(&,417) &,401
Imcmrpay blenn ores																					5,787	4, &07
Irwcsrmem maaag mem uses																					9U	909
Suq&lu nle of htcd seers																					0 (&3&)	(a&)
(I creme)/Dec&case m s cl&																					(G,yod)	71
(I crease}}Dccrc,sc in I lm&r&																					UA47	(Nol
I crease/(Dccrc se) ~ c liro Incrc,n mlin cl2ccredr Dcclc, I I pf is 0 Incwawl(D esse) I pens 0 I')c re&as in loan mnp re&sr c	I sch					hliry															18 (50) '&,1&6 (1,&l)0)	0 (&9) (448) (1 53&1
N tml&p i I dby( di	)op				.dng			tivid													(&8,938)	(r7.G50)

55	CONSOI IDATED STAT		FN		OF
										L'nreslr c ed		Rcsrncred		Fn&lo&ved	201&
										Funds			Fundi		T tal
								Not *		Eooo			F.'ooo	F.000	Oooo
INCOME AND ENDOWMENTS			FROM;
	Ch riubl ti ities.
	Teach&ng, relearcl and rc idcnri. Cad&cd al School CarhMral				I					G,439 1,0&4 48			0&		2 0&4 &63 IS&
	0th ra ding I c n Doaad* s. d legs I												579	&,417	2,&rg
	I v t nar									84			&.7	r9,485	&9696
T t,	Torsi remm agocaccd ro Orhc iacome lin on&e	nco		e					34&1	ro,SG& ,918 2& 671			G,lily &7 7,366	(&7504) 3 4&9	h945 3145'7
EXPENDITURE ON:
	Teach ng, rrs arch. nrl rc Orber &turin&ble am irics Csrhcdral School Ca hcdral		da&rial							l7 871 1,IG& 1,&8&			t 5&'7 61, & 168		21,38& Gsd 2,46& 2 449
	G dng k 6 . Fundrs ing Trad g expo Inur Endo enr rn. &gc	nc	corn							Go) 609 50				I957 , &01	Gos 609 4A07 &,401
Tot	lnreresr payable on I n I .p dit r	no s								25,878			I 399	I359	34,636
N&I o l(Exp dit )bf			g,	i						(x,xod)			& 967	(«9 10)	(1DO)
Ncr gs 0 on i es&mcnrs (1. sie&)FGuni n ompkx N t I coil&		beano&linmm&					nr		ll, i} 2.G	«D' ~675)			&,967	ltg,)80 86,4.1o	88,)go t 53& 87,73a
										461			(Sto)	DS
N Fu	tmo tinf d forth 8 b.1.& i l&r nghr I' r trd		ye.							(xn) (1,W)			i 127 n, oo8	86,8xg 587,82r	87,7ia 596,722
F	nd car I d for . d. t 3& J	ly								(2 310)			&1 135	674,639	68'1454
	Seep g xxla ct&eC molils« I			Sc,		mc	rul'imancial	Aai	csfo	rb cur«ryea ro	hid	rhisn	r comps .

PROPERTY INVEST&	G	EN	TS	FOR	TH	E Y	EA	R E	NDED U	JULY ao	s	r
Go p													Agricuhural Eooo		Com		nerci I E'ooo	Res denoal 2nd Orher E'000			202& T &U f.'ooo
Valuations srarroFycar A&ldiri nand imp ovemenrssr Dispomls Revaluaoon g&ind(10&ace) ul &t&e				osr year									98,994 38,074 (1,96S) I,'i&9			u7, 4&& I 97 (noa&) 7,110			3&,914 0 4 '&99		138 319 4t,o44 (7 On) 22,558
V I *tin at cnd of ye													N5 D9			&13 556			36,013		304 9&8
																		Readcn nl			sm I
Th H* e													Agricuh ral			Conu	er«ial	and 0 her			T IU
														Eooo			3'ooo		E'ooo
Vdu sr &on ar arm ofymr Addirions and mpro cmcnrs sr D sposds aluaoon g, nd(losses) i rbe				cost &ca&										71,819 &7,563 (1,9GS) II,I&9			u7,4&4 0970 (4 0&l) 7,2&3		3b924 0 4 099		'122. &67 am&33 (7 or}) 22 557
Vnl &ion at e d of y														9S,66}			&13,558		}G,o &		2&gn44
r&Fo mal alum ofl		eagle		Im	I commcrcialandresd«nn					lproper		es	asprcparedbyS&vgs(IIYP) Unured,						am) I&	lotr
Sccnore n for rhc currenc Nar				nore	m	hich	rh s &mrc comps			cs.
PARENT AND SUBSIDIARY UNDERTAKINGS									FOR Tl&EYEAR			ENDED &r JULYson
Tt&c rea&hs and th res		arran&I		}lbili ics		oF	I	pa	nr and subs&daric		I	che	pm& year nded		&r	July	lair
													Th	Hour	Ct&rnr Chu ch			Chrisr Church			Thomas
																(Evcsl, m)		(D	venrry)		Wol y
																l.im red		}.imi ed			P operry
														5000			Eooo		f.'ooo		Eooo
														31,&96							D
ome F.pend ure D aarionro rh tdou*undmWF&ad														(34 29S) 0			(1) 0		(4) 0		(lo) 0
Resulr Fcr rhe year														(1,&01)					(4)		23
'I nl seers 'I'orat 1abil ues														783.044 (roo,ln)			In} (5)		I,&85 (4)		25,06G (l,o&8)
Nc& F nds a& rile nd ofyear														68I.,792.			9S		I,IS&		14,0&8
															W kFm iag			Chrac C:la&rch			Ch isr CI 0 ch
																		Dc eiopn ms			0&ford
																		t.i n rcd			Tradi g
																	f.000		5'ooo		Eooo
																	42				&8}
In om																	(GG)				(NG)
Elpcndru &																	0				0
Don, aon co rhc H osc ede				EFr a d
lte&uir Fo rhe &car																	(re)			0	(D)
'I' ml esse s Torsi I&abd rim																	3,285 (I 035)				164 (337)
Nec F&nds .r rhe cnd	r	Fy	I														'1,2in			0	(U)
5enorc&cfn chen		renrycarrmr			r	vhici		rhi	note«ompwcs

STATEMENT Of INVESTMENT TOTAI. RETURN FOR TH	STATEMENT Of INVESTMENT TOTAI. RETURN FOR TH	STATEMENT Of INVESTMENT TOTAI. RETURN FOR TH	E YEAR FNDED D JUL	E YEAR FNDED D JUL	E YEAR FNDED D JUL	Y soar	Y soar
The Trustees ht adopted a duly aurhori cd p lic) ofroral crurn rerum ro be appl cd s income is calcu)ared m 315% (xoxo: 3 x)'lb) pmceding h c years. Thc prescc ed (Fro en) slur of'rhe invcsrol			accourn ng For rhe House's (plus cosu) of rhe ~verage ndo nrem mpiral eprcsc			mvesrmenr ot'rhc year 0irs pen		rerurns «rh elFect fmmr cnd vdues of hc relevanr marker tine« toot roperher			August soot The uwmrme mvestmems in caclt oF rhe I a))subsequent		r
utdo motrs vain rl sr dare oFg I'I
					I' rnwnenrE			do	ent		Fnpendable		Told
							Unapplied				Endo mene	End	nts
				Itl st lof			Torsi
				ltwescmenr Eooo			R rum f,'ooo			Total f,'ooo	f.'ooo		6'000
Artb 8 gin I goftb y. Grii contponcnr ofrhe pcrmancltr endo me Unapplied to«1 ecurn Expendable endowntenr Tot )End wm ts					I),849 13,849		0,3G7 10,3G7			xdm 6 13,849 0,3G7	563,605 587,Sax 13,849 Io,)67 ~63,605~6,60
Mu nuintl r p rtingpe I dt										385	1,041		l,ax7
Gift ofeltdowntenc 1 nds lnws ntear cram. rom) invcsunc r income hwesrmenr rerum. r dised, nd un ca)is«i gains and)ones Iws Irwcsrme r ntwtagernent cosrs Orher rran fc s Tom l								815 3 G9' (tt4) 61 4 34)		815 ),G91 R*a) 61 4,718	18,681 84,689 (54E) 317 999)4 19,49G 88,)go (5 359) ~78 104,}t'!
Un pphed rara) erum allo trnl to income in rhc rcporuag Expendable endo mencs trtnsfe cd to Income Nt o ent in p rd gp lod		peri	d		0 385			(674) (67I) 3,669		(674) 0 (674) 4,054	(16,1130) ~(IG,lt 0) SxnG4		(17504) 0 (ry,tos) 86,818
As nd ofrh repo ting p rinds Gtfr componear ofrhe pcrmanenr crtdowmem					IO134			14,036		14,134 tl,o)6			14IN 1 103G
Uoapplied coral rcr rn											646,369		G46,569
F.pendablc endo ntenr Tot IEnd*»t					tan34			11,03G		a8,07o	64G669	67R639
See now 15 fo rite currou year nore ro wh	ch ch s Ilare c	par

ANALYSIS OFTkIE MOVEMENT ON	FUNDS	FOR THE YEAR EN	DED p )ULYco	at
		AI I A gttsl 1010 5.'ooo	Income Eooo	Espc d'cure 3.000	IIloslcr Fooo	G. nsl (lones) 6'000	ly anil 8'ooo
Endo e t F nds - Pere m nt Srude ISupporr Fu ds Acldu c Po rs Funds Librar& Funds		8,73r 5,418 67	&I3 GS4 2	(8I) &mt) (r)	(147) (&64) (2)	1642 2,&40 Io	Iom& 8 r7,93G 76
Endo tp ds-E*pe d bl Hey nan-Ivlorirr. Benehcriotl D Snurh (&/&rhs) Le Bene&a rion Mercury Fund (I/yrhs) Buildings Funds Gardens Sr Gro nds Funds Sporrs Clubs Punds I.brary Funds Piuure Gagcg I'unds Acsdcntic Posrs Funds Smdenr Supporr Funds Cathedral Iu Chorisrer Supporr Fu ds Dcnchccs F nds Orher Funds General Endo vmem Funds Tots)E do t F nds		P 79' U,69I tu&94 rr,&08 5 470 5'I'I 17 6 4&8 18,967 23,501 fr,9I7 20,578 9 '99 ~&4,685 587 Blt	l,748 I.I0I 4ID )75 IBI l7 2 105 I4 r,o&G ,061 69G G81 PI 0 954 ~20	(ngt) (302) (II3) B03) (50) B) 0 (28) (4) (16i) (lm) (roy) (r87) (84) ~(&,IS ) (5 H9)	(I \89) (r,ooo) (&U) hno) (IG4) (IG) (I) (91) (D) (777) &6M) (»6& (619) (&n& ~(10,50 ) (ry, rlG)	7,917 0990 r,SGI r,G98 Su 78 4 468 65 4,&G4 3 570 1,804 3,090 l,)84 ~52 61 ~88, So	Go,&FG 38,480 14079 I2,938 6,158 596 32 3 569 IDD 3& 345 27P68 1%994 13544 lo+Gs ~400,50 ~674,63
Resniu din eF nds- Perm, ent Srudentguppo r Funds ).ibrary Funds Acadcm cPosn Iru ds S b.r*rsl R Dieted I con (P n	1)	170 6 &58	1	(tio) 0 (173) (4H)	'71 350 P7		196 8 n&6 640
R«t i lcd I come F nd ~ E*p nd bl Heymandl 0 Bc a(action Dr South B/&rbs) I c.Bcrtefacrion Me cuu Fund (&/yrhs) ikild ngs Gardens gt Gro ndsF us I Spo 0Clubs Funds I,bur&F nds Piccure Gagery Funds Amrlemi Posrs Funris Scudenrguppon I'unde Carh dui Sc Chorisrcr Supporr F nd. Ben fices Funds Odl Fllrlrls Sub-rota)R tri r 6 i I onl (E p ndsbl )		104 t,yoB 152. 69 2 45 r6 1,081 I,PB 19 Iog 174 I,o&S	0 0 0 0 0 0 3 0 P 76 0 0 ~t&	(I.&41) (59&) fim) (&H) (I) 0 (GS) 0 (554) (Got) (&tt) (9) ~(6) ~(t.&0 )	I,589 l.uuo 37:5 )4D 5 2 9I G 674 G37 P6 23 r6S 5,115	0 0	151 a,r&6 30& 34 27 71 21 2254 I,n40 24 IOD ~3 ~ll

ANALYSIS OF MOVEMENTS	ON FU	NDS	CO	NTINUED
				Ar	r Aug sr 1,010 Eooo	in conte f.'0oo	Llp ndirurc 3000	Transfers Eooo	Gtlruf (losses) f.'ooo	Arjrl ly 2021 6000
E id ngsFunds Gard«s rr Grounds I' nd					4 325	33 91	(24) 0 0	0		4,368 94 25
Sporrs Funds I.brary Funds P crure Gageu Funds Academ c Posts Funds Sr dencSuppon Funds Ctrhed 6 Br Choriscc Supp r Orher Funds S b-tot ig tier di o f Tot I R«r I t d F nds	Fu ds nd			l37 51 0 rgy 302 ~4}G rt,oog		rG 151 loa 65 ~GG 717	(24) (I) 0 (D) (155) (91) (5 399)	&6) 0 0 (4) 0 47 ~57 9	0	113 47 0 }Gt 16o ~29 yu77 12. 135
Un ti«dP nd Lleslg mcd (unde Gene d funds Delin dbcnclir pen on s hcme Loan& s mp bi mlue rese e	rcsenc				7H 8.48O (5 439) (7,9r6)	78o 99}l 0	(»4) (».Bnt) 448 0	205 ll,rls	0 0 0 l,5ll	I,GSo (2991) (6385)
TotslUn uictedP rd -TlcHO						10,7rr	(13,668)	ll,517	4531	(tau)
Desig ared f nds- 1 bsid, im Gem elfu ds-rubndi cs ltevaluaaon elerve -arbsiditrics						0 96 0	0 (Ilo) 0			0 (88)
Tnt 1Un tri«dp d -s Torsl Un «t i ted' ds-G	b id. p				16 (1,107)	10,8oy	(110) ~(2,878)	ll,}17	0 ~t, }l	(88) (2,}so)
Ter.)F ds					59G,71r	3u457	h4.636)	0	89.9u	G84,.554
Se nore ro (or ri urr r year	nor 0	lu	h rhi	noce cnmpar«