##
||||Pages|
|---|---|---|---|
|Governing
Body, OBicers and Advisers|||2-4|
|Report ofthe|Governing|Body|5-?5|
|Independent|Auditor's|Report|i6-r8|
|Statement of|Accounting
Policies||?9-23|
|Consolidated|Statement|ofFinancial Activities||
|Consolidated|and House Balance Sheets||25|
|Consolidated|Statement|ofCash Flows|26|
|Notes to the|Financial|Statements|?7-5I|
##
##
##
||||||(z)|(I)|4)|(I)|(6)|(7)|(8)|(9)|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Dean:|||||||||||||
|The Ve
Reverend
Professor S.R.I.Foot|(a|ointed|r Jul|zoz))|||||||||
|Canons:|||||||||||||
|The Reverend Canon Professor N.J.Biggar|(retired Io||Sept zozz)||||||||||
|The Reverend
Canon Professor S.R.I.Foot|(resigned IoJune|||zoz))|||||||||
|The Reverend
Canon Professor G.D. sVard|||||||||||||
|Canon Professor C. Harrison|||||||||||||
|The Venerable J.P.M. Chaffe|||||||||||||
|The Reverend R.C.Peers|(resi|ned r9 Nov||zozz)|||||||||
|The Reverend Canon P.J.Mo er|(a|oimed|r Oct|zozI)|||||||||
|Students:|||||||||||||
|Professor ILB.Rutherford|(retired Io||Se t zoz))||||||||||
|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 S.L. Rowland-Jones|||||||||||||
|Professor B.E.Jack|||||||||||||
|Professor D.P.McDonald|(retired Io Se t zoz, g)||||||||||||
|Professor S.Neubauer|||||||||||||
|Professor B.Parkinson|||||||||||||
|Dr D.P.Moran|||||||||||||
|Professor G.Wilkinson|||||||||||||
|Professor R.L. Davies|||||||||||||
|Professor SirJ.I.Bell|(resi|ned Io Se t zozz)|||||||||||
|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. Aarrs|||||||||||||
|Professor S.J.Cra|||||||||||||
|Professor R. Wade-Martins|||||||||||||
|Professor J.K. Schear|||||||||||||
|Professor
F..GAV. Keene|||||||||||||
|Professor S.C.Mortimer|||||||||||||
|Professor K.McGert)|||||||||||||
|Ms P.A. Linieres-Hartley|||||||||||||
|Mr K.Sternberg|||||||||||||
|Ms L.Elder|||||||||||||
|Professor S.Dadson|||||||||||||
|Professor S.L. Newstead|(resi ned||BDec zozz)||||||||||
|Professor K.C.Kin|(resigned||BJan|zozI)|||||||||
|Professor S.Hiscock|||||||||||||
|Professor G. Hutchinson|(retired Io Se t|||zozI)|||||||||
|Dr K. Lebow|||||||||||||
##
|ear ended sr July zozs||||||
|---|---|---|---|---|---|
|Professor A. Kuo||||||
|Professor SirT.Berners-Lee||(renced so||Se t|zozs)|
|Professor A. Vasudevan||||||
|Professor Y.Gal||||||
|Dr S Duncan||(resi|ned so Au||zozz)|
|Professor S Grahl||||||
|Professor M Holwe||||||
|Professor C Kennefick||||||
|Professor YNakatsukasa||||||
|Dr L Brassart||||||
|Dr ESmith||(resi|ned so Se||t zozz)|
|Professor N. R.Mean|o|||||
|Dr F.Giusti||||||
|Dr A. Chiavari||||||
|Dr iV. Ghosh||||||
|Dr 'I'. Ko latadze||||||
|Dr N. Smart||||||
|Professor A. Benaissa||||||
|Ms P. Roberts||||||
|Professor S.Smartt||||||
|Dr C.S iniello||(a|ointed|r Jan zozs)||
|Mr F.Pre
el||(a|ointed|r A|r zozs)|
|Dr D.A. Jolowicz||(a|ointed|r Oct zozs)||
|Dr A. Nickerson||(a|ointed|r Oct zozs)||
##
|he|senio|r stafF to whom
da|y to day management
is del|egated
are as Follows.||
|---|---|---|---|---|---|
|A|The|Censor Theologiae|(Acting Head oFHouse)|The Reverent/
Cnnon Professor Sarah Foot|(to So/o6lzoz))|
|A|The|Dean||The Ver
Reverent/Pro
essor Sarah Foot|osrs os/oy/zozs)|
|B|The|Senior Censor||Pro essor Disk e)arts||
|||||Professor Jennifer
Yee (fs'om or)o8/zozs)||
|C|The|Junior Censor||Professor Brian Parki nsoss (From zS/os/zoz)|to Ss/oy/zoz))|
|||||Professor Kevin MeGert
(to z4)or/zoz/)||
|D|The|Treasurer||MrJames Lasvrie||
|E|The|Sceward||Ms Panlsne
L'cnieres-//artie||
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|Risk||||||||||Measures||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|r.|Regulatory|risk||||||||Close communication
with the||Charity Commission||||in light||
|||||||||||ofthe OFficial Warning||||||||
|z.|Pandemic|||||||||Effective implementation
ofgovernment|||policies;|support|||For|
|||||||||||research into efFective treatntent||and vaccination.||Insurance||||
|||||||||||(where possible)||||||||
||Recruitment||oF|staFF||(academic||and|non-|Terms and conditions
ofservice reviewed|||regularly|||||
||academic)|||||||||||||||||
||Reputational||risk|From||lapses|in|academic||Monitor admissions
procedures,||student|satisfaction||and|||
||standards|||||||||exam results||||||||
||IT network|and data|||security|||||IT managed
jointly by a college||consortium.
Investment|||||in|
|||||||||||people and hardware/software||||||||
|6.|Disaster|||||||||Recovery planning
procedures||reviewed|regularly,|liaison|||with|
|||||||||||elllergellcy
sefvtces||||||||
||Decline in purchasing||||power oF the endowment|||||Diversified
portfolio
and close||oversight|front the|Investment||||
|||||||||||Group||||||||
|8.|Power supply||disruption|||||||Contract
in phce for standby|generruors|||||||
||Employruent||disputes|||||||Governance
revievv completed||and Human
Resources||||team||
|||||||||||established||||||||
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|||||||Unrestricted|Rescricted|Endowed|2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|Funds|Total|Total|
||||||Notes|F'ooo|Eooo|oooo|f.'ooo|Eooo|
|INCOME AND ENDOWMENTS||||FROM:|||||||
|Charitable
activities:|||||||||||
|Teaching,
research|and|residential||||12,400|||12,400|9,588|
|Cathedral
School||||||2,175|7||z,rgz|z,o6r|
|Cathedral|||||||88||zo6|38o|
|Heritage|||||||||||
|Donations
and legacies||||||49|5'3|z,sr7|3379|3,581|
|Other wading income||||||r,856|||r,856|976|
|Investments:|||||||||||
|Investment
inconre|||||4|418|273|21,715|zz,so6|z8,r8o|
|Total return allocated||to income|||15|Iz 773|7,890|(zo,663)|||
|Other income|||||5|175|17||192|6rs|
|Total income||||||29957|8,788|3,876|42,,621|45 381|
|EXPENDITURE ON:|||||||||||
|Charitable
activities:|||||||||||
|Teaching,
research|and residential|||||23 249|5,6zr.||28,87r|35,657|
|Ocher charitable
activities|||||||858||858|766|
|Cathedral
School||||||z,689|||z,689|z,6U|
|Cathedral||||||1,888|115||2,003|2,053|
|Generating
funds:|||||||||||
|Fundraising||||||770|||7711|794|
|Trading expenditure||||||I,z67|||1,267|947|
|Endowment
managemem|||costs|||m6||4,4r6|4,632|5 787|
|(merest payable
on|loan notes|||||||z,o84|z,o84|2,073|
|Total expenditure||||||30079|6595|6,5oo|43u74|so,728|
|Net Income/(Expenditure)||before||gains||(rzz)|2193|(2,624)|(sss)|(5847)|
|Net (losses)/gains
on|investments||||12, 13|||(8 948)|(8948)|90,287|
|Gains on complex Financial|||instruments||z6|2,900|||2,900|z,83o|
|Net Income||||||2,778|2,193|(u,syz)|(6,6or)|87,77o|
|Transfers between
funds|||||20|519|(947)|4z8|||
|Net movement
in funds|for the year|||||31297|1,246|(rr,r44)|(6,6or)|87,77o|
|Fund balances brought
Forward|||||20|(10,550)|13,017|769,757|772224|684,454|
|Funds carried forward at sr July||||||(72S3)|14,263|758,6rs|765,623|772,224|
##
|||||2023|2012|2023|2022|
|---|---|---|---|---|---|---|---|
|||||Group|Group|The House|The House|
||||Notes|6'000|Tooo|I,'ooo|oooo|
|FIXEDASSETS||||||||
|Tangible
asseu|||IO|13925|14707|13,911|14704|
|Heritage
assets||||||||
|Property
investnleiits|||12|288,r44|3577ng|258,002|310,003|
|Other investments|||13|$6o,r76|504 n5|59o,576|5497i9|
|Total Fixed Assets||||862,245877,060||862,489|874,426|
|CURRENT ASSETS||||||||
|Stocks||||856|944|797|88$|
|Debtors|||16|7n99|9,966|10,378|13675|
|Cash at bank and in|hand|||ro,ro6|r3,36z|8,359|12,403|
|Total Current Assets||||18,r6r|24,272|19534|z6,963|
|LIABILITIES||||||||
|Creditors: amounts|falling due wichin one year||17|10,550|20,324|12,143|20,405|
|NET CURRENT ASSETS||||7,6tr.|3948|7 391|6,558|
|TOTAL ASSETSLESSCURRENT LIABILITIES||||869,856|88r,oog|869,88o|88o,984|
|CREDITORS: falling due after more than one year|||i8|roo,668|103 575|roo,668|103575|
|Provisions for liabilities||and charges|l9|||||
|NET ASSETSBEFORE||PENSION LIABILITY||769n87|777 431|769,211|777 4ii7|
|Defined benefit pension||scheme liability|24|3,$64|5,207|3,$64|5,207|
|TOTAL NET ASSETS||||765,623|772,224|765,647|772,200|
|FUNDS OFTHE COLLEGE|||20|||||
|Endowment
funds||||758,6t3|769,757|758,6r3|769,757|
|Restricted funds||||14,2G3|13,017|14,263|13,017|
|Unrestricted
funds||||||||
|Designated
funds||||1,612|t,589|1,612|t,589|
|General
Funds||||(9 19$)|(7,9z6)|(4,622)|(3401)|
|Revaluation
reserve||||4 549|4 549|||
|Pension
and loan swap reserve|||20, 24|(4219)|(8,76z)|(4,219)|(8,76z)|
|||||7G5,623|77z,n4|765,647|77z,zoo|
##
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||Notes|f'000|flooo|
|Net cash provided
by (used in) operating||activities|||27|(2G,676)|(r8,938)|
|Cash Bows from investing
activities||||||||
|Dividends,
imerest and rents front|investments|||||22,406|28,i8o|
|interest
payable on loan notes||||||(a,o84)|(2,073)|
|Investmem
management
costs||||||(4,G32)|(5,787)|
|Purchase ofproperty,
plant and equipment||||||(r72)|(298)|
|Proceeds from sale ofinvestments||||||r94 345|23 949|
|Purchase ofinvestments||||||(189,260)|(29,893)|
|Net cash provided
by (used in) investing||activities||||20,603|r4,o78|
|Cash flows from financing
activities||||||||
|Repayments
ofborrowing||||||||
|Receipt ofendowmem||||||2,8ry|oto|
|Net cash provided
by (used in) financing||activities||||a,gry|3,010|
|Change in cash and cash equivalents|in the reporting||period|||(3256)|(r 85o)|
|Cash and cash equivalents
at the beginning ofthe reporting||||period||r3,362|I5,212|
|Change in cash and cash equivalents|due to exchange||rate movements|||||
|Cash and cash equivalents
at the end|ofthe reporting||period||29|to,ro6|t3,362|
##
|INCOME FROM CHARITABLE|INCOME FROM CHARITABLE|INCOME FROM CHARITABLE|INCOME FROM CHARITABLE|INCOME FROM CHARITABLE|ACTIVIllES||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023|2022||
|T
hing, R ~ch and|||R|idendd||||||6'ooo|I|000|
|Unrescncred
I'unde|||||||||||||
|Tuinon
fe«s - UK|and||EU|srudenrs||||||I,BII|l,940||
|Tuirion
lees - 0 erseas|||studems|||||||I,45I|I,19il||
|Orher OIFice f'o r Students
Orher academic income||||supporr||||||389
146||355
Ili|
|College residenrial
Visicor mcome|mcome|||||||||5 491
3,ill|4 309
n574||
|||||||||||I2.400|9,588||
|Total Tc
hi g, Res|1||h|nd R«id ntial||||||r1,400|p, s88||
|Un esrricced funds|||||||||||||
|Carhedral
School|income|||||||||»I75|l,996||
|Carhedral
mcome||||||||||Ill||I34|
|Resrricted
funds|||||||||||||
|Carhedral
School|income|||||||||7||Gl|
|Cathedral
income|||||||||||||
|||||||||||95||30I|
|Endowed
funds|||||||||||||
|Cachedral
income||||||||||||lo|
|||||||||||||10|
|||||||||||2,388|2.,44I||
|Total in o
horn|h||it|bien|ti 'tim|||||r4,788|I1,029||
|The abo e analysis
includes||||63662k recei ed &om Oxl'ord||Universny|from publicly accoumablc|f'unde under the Cogegiare|Funding|Formula Scheme|(aoireui||
|63,593lr)|||||||||||||
|DONATIONS AND LEGACIES||||||||||2023||2012|
|||||||||||6'000|I'on o||
|Don tio
and Leg
Unresmcred
funds||ie||||||||49||ll5|
|Restncred
funds||||||||||Ir3||456|
|Endo
ed funds||||||||||x,sry|3,0lo||
|||||||||||3 379||3,581|
|INCOME FROM OTHER TRADING ACI1VITIES|||||||||||||
|||||||||||2013||1011|
|||||||||||6000||Eooo|
|U
t
I efirndr|||||||||||||
|Subs diary company|r|ading||income||||||I,856
t,856||976
97G|
##
|4|INVESTMENT INCOME|INVESTMENT INCOME|2023|2021|
|---|---|---|---|---|
||||3.'ooo|I000|
||U»i
rdfii d||||
||Agnculrural
renr
Bank inreresc||128
164|l43|
||Oche
inreresc||z6||
||||418|l70|
||8imrr dfi
dr
Other inreresr||273|r.6|
||E.rdo
dfi
d||||
||Agnculrural
rent||696|855|
||Commerual
rem||4 479|5 555|
||Oche
p operry mcome
Equity dividends||r.788
c553|l,4I3
G56|
||Orher investment|income|||
||||zl 715|27,984|
||Totd Investm
t income||22406|28,rso|
||OTHER INCOME||||
||||2O23|1012|
||||3.'ooo|6 coo|
||V
e i kr dfinrdr
Ocher miscellaneous|mcome|175|6oo|
||||175|Goo|
||Rsr res df
dz||||
||Ocher miscellaneous|mcome|l7|t5|
||||17|15|
##
|||||||2O23|2022|
|---|---|---|---|---|---|---|---|
|||||||f'ooo|Eooo|
|Charit|bl 0penditm|||||||
|Direcr salT cosrs allocared||ro||||||
||Teaching,
research a d|residenrial||||l0,410|u,l43|
|Orher direcc costs allocated|||ro|||||
||Teach ng, research
and||esidennal|||16,234|71,046|
||Orher charirable
acrmties|||||858|766|
||Cathedral
school|||||2,598|2,571|
||Cathedral|||||2,003|2.,053|
|Supporc and governance
costs||||allocared|co|||
||Teaching,
research and||esidenrial|||2,2I7|3.468|
||Cathedral
school|||||9I|8o|
|Total|«h
it ble expend't|||||34 42I|4I,I17|
|Expend't
on gen rati g Rmds||||||||
|Direcc staR' costs a((neared|||co|||||
||Fund aising|||||468|534|
||Trad ng expendirure|||||453|48I|
||In esrmem
management||coscs|||54|59|
|Ocher d reer costs allocated|||coi|||||
||Fu
draising|||||277|r67|
||Trading expend ire re|||||786|384|
||In estmenr
managemenr||costs|||4,I755|5 379|
||Interest payable on notes|||||2,084|2,073|
|Supporr
and go ernance cosrs||||allocated|ro|||
||Fundraising|||||25|93|
||Trad ng expendicure||||||81|
||In esrmenr
mznagemenr||cosrs|||400|349|
|Totd expend't
on generati||||g I nds||8,753|9,GOI|
|Total exp ndit
re||||||43 I74|50,728|
##
##
|ANALYSIS Of SUPP|O|RT AN||D||G|OVE|RNA|NCE
COSTS|||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||Teaching||||Pub)||c||||||
||||||||||||||Generanng|||||and||Worship,|||Choir||||2023|||
||||||||||||||||Funds|||Research||&Choir School|||||He itage||Total|||
||||||||||||||||Eooo||||Eooo||||E'ooo||f.000|||f,'ooo||
|Financial adminisrraoon|||||||||||||||314|||||363|||||||||687|
|Domesoc adminisrcarion||||||||||||||||76||||740|||||||||gs6|
|Human
resources||||||||||||||||||||I66|||||||||r6G|
|IT||||||||||||||||I4||||491|||||||||506|
|Endo
ment managemenr.
Depreciation
Loan inreresr payable|||||||||||||||r84
4
1,084|||||gn
499||||9I||||184
95r'
2,583||
|Orher Finance charges|||||||||||||||(I49)||||(I|494)||||||||(»643)||
|Goixrmnce
cosrs||||||||||||||||||||59G|||||||||596|
||||||||||||||||»537||||2,217|||||9l|||0|4 845||
|||||||||||||||||||Teaching||||I'ubgc||||||||
|||||||||||||||Generanng||||and|||Worihip,|||Choir|||2.022|||
||||||||||||||||F nds|||Research|||Er|Choir|School||Hentage||Totd|||
||||||||||||||||Eooo||||Eooo|||||Eooo|Eooo|||6'ooo||
|Finanaal
adminisrraoon||||||||||||||||z76||||zgo|||||||||556|
|Domesric admm
srrarion||||||||||||||||63||||6r)|||||||||G76|
|Human
esources||||||||||||||||||||58|||||||||58|
|)T||||||||||||||||I4||||338|||||||||yxu|
|Endo
ment mansgemenc||||||||||||||||165|||||||||||||xGI|
|Depreaaoon
(oan inreresr
payable
Ocher
fi ance charges|||||||||||||||I
1,073
5|||||854
497
z.l||||8o||||935
1570
1G||
|Governance
cosrs|||||||||||||||»597||||8oy
3,468|||||Bo|||0||goy
6,I45|
|Finanaal
and donxesric admimsr|||||auon and IT||||cosrs are attnbured||according||co che esamared||||scaff nme||span r on||each acuuty|||||||||
|Depreaation
costs a|d profir or loss||||||on disposal ofFixed assen are arrribured||||||accordin|||to rhe|use made||of the underlying|||||assets||||||
|Inreresr
and orher finance charges|||||are atcributed
acco d ng ro|||||the|purpose of||the||elared|finanang||||||||||||||
|||||||||||||||||||||||||||2013|||2011|
||||||||||||||||||||||||||E||000||f.000|
|Go
r
«cosu * prise:||||||||||||||||||||||||||||||
|Auditor's
remunerauon||- audie||ser||lees|||||||||||||||||||||94|||
|Auditor'I
remuneranon||- ocher||ser|||ices||||||||||||||||||||2|||
|Orher go emance cosrs
Orher go e nance cosrs||- Grieve Re
- legal
Fees|||||iew||||||||||||||||||||l74
316||4I
703|
||||||||||||||||||||||||||||596||807|
|No amouni
has been|ncluded|||I|governance||||costs for rhe d|ecr|employmenr|||cases or||re mbu|reed expenses ofrhe House's|||||||Fellows on|rhe basis||rhar these pzymenrs|||
|elate ro rhe Fellow's|m|ol emenr||||In rhe House's cha itable seri|||||Ines|Derails||ofthe remunerauon||||ofrhe||Fego|s a|d rheir||reimbursed|expenses||a e included|as|2|
|separate note wirlnn|these finanaal||||||stacemenri.|||||||||||||||||||||||
|GRANTS AND AWARDS||||||||||||||||||||||||||2013|||101I|
|Dun ng the year rhe House Funded|||||||academic a .ards and bursar es ro|||||srudcnrs||(rom irs||resmcced||2nd unresmcred|||funds||||E'000||||f.000|
|as follous.||||||||||||||||||||||||||||||
|Unr
t ' t d fund||||||||||||||||||||||||||||||
|Grams
m 'mdividuals||||||||||||||||||||||||||||||
|Scholarships,
prizes||and grznrs|||||||||||||||||||||||||tgy||I88|
|Bursaries and Finanaal
assistance
Total unrestricted|||||||1 ards||||||||||||||||||||30
217||109|
|Restricted funds||||||||||||||||||||||||||||||
|Grams ro mdividuals||||||||||||||||||||||||||||||
|Scholarships,
p
I
Bursaries 2nd fin|es and gra
rs
ncial assistance||||||a|ards|||||||||||||||||||449
9B||344
817|
|Total restricted||||||||||||||||||||||||||IB84|||t,x6t|
|Tl2d|a|ards||||||||||||||||||||||||I,Gox|||I 370|
##
##
##
##
|SI'AFF COSTS|||||
|---|---|---|---|---|
||||2023|2022.|
|The aggregare
sca(Fcosts for che year||ere a folloivs.|ftooo|7'ooo|
|Salanes and
ages|||9,584|8,230|
|Sooal security coscs|||964|826|
|Pension
cosrst|||||
|Defined benegc schemes
Pension degcir hability|mo emenc|(noes 24)|I,767
(I,804)|I,556
I,I9'!|
|Redundancy
and rerminauo|cosrs|||2,107|
|Orher benefirs|||I,OI9|9G6|
||||Ir 530|r5,886|
|fr,886k) mcluded
in meal Ca|fr,886k) mcluded
in meal Ca|rhedral
school costs are nor I|rhedral
school costs are nor I|rhedral
school costs are nor I|rhedral
school costs are nor I|rhedral
school costs are nor I|rhedral
school costs are nor I|ncluded
in rhe ag|ncluded
in rhe ag|gregate
payroll cosr|gregate
payroll cosr|s sho
n abo e.|s sho
n abo e.|s sho
n abo e.|s sho
n abo e.||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Redundancy
and te minaoon
edundancy
and rerminaoon||pay menrs are accounted
for
paymenrs
paid co members||||||in rhe pe iod in
of'staff amounred||which the paymenrs
ro EHII
(Iorr au||ere made.
Dunng
EI royk)
These cosrs||||rhe currenr
tinancial
year rhe amounr of
ere charged to unresr
icted funds.|||||
|The a erage number|ofemployees||ofrhe House||e|cludmg Truscees|||on a|Full nme|equivalem|basis was|as|Folio|st||||2023|2022|
|Tuition and cesearch|||||||||||||||||||59|68|
|College residenoal
Trading
and visicor|||||||||||||||||||Ial
l5|uo
I6|
|Cachedral|||||||||||||||||||l5|l7|
|Cathedral
School|||||||||||||||||||60|64|
|F ndrnsing|||||||||||||||||||3|4|
|Supporc|||||||||||||||||||Bo|78|
|Total|||||||||||||||||||353|357|
|The average number|of employed||Trusrees during|||che|year
as as Fogoivs:||||||||||||||
|Uni
ersicy lecrurers
CUF Lecturers|||||||||||||||||||20
IG|2.0
r6|
|Facuhy Lecrurers|||||||||||||||||||||
|Othe
reaching and|esearch||||||||||||||||||||
|Oche|||||||||||||||||||||
|Torsi|||||||||||||||||||49|53|
|The number of rhe abo e|emplolees|ttuh reriremenrbenefirs|ttuh reriremenrbenefirs|ace uing|as as follows|||
|---|---|---|---|---|---|---|---|
|In degned
benelirs schemes|||||||u|
|I
defined conrrib
rion schemes||||||||
|The House's co t iburions|to dehned|concribuoon|pension|schemes coralled||198||
##
|Gro p||||leasehold
land and|Freehold
land and|For
res,
firnngs, boo)0||
|---|---|---|---|---|---|---|---|
|||||buildings|buildings|and equipment|Total|
|||||I'ooo|F.Ooo|F.000|6'ooo|
|C||||||||
|Ar smrr of)ear||||4i7|i4 567|B,sos|23,602.|
|Add'mons|||||8|l64|t72|
|Disposals
Transfer||||||(»)
0|(25)
0|
|At
d ofyear||||427|24595|6,737|23749|
|D pr«iation
and '
At aran ofyear|p '|nt|||5,328|),S67|8,895|
|Deprec scion charge for the
Deprecianon
on dispose)a||year|||6oo|350
(sr)|950
(ti)|
|At
nd ofyear||||0|5,928|3,69G|9 824|
|N t book aalu||||||||
|At
d ofyear||||427|8,6G7|4,84r|23 925|
|Ac stare of' year||||4I7|9A 59|5,031|14707|
|Th
Ho se||||Leasehold|Freehold|Fnrures,||
|||||land and|lands
d|fccings, books||
|||||buddings|buildings|and equipmenr|Totd|
|||||I'ouo|Eooo|f.'ooo|f.'ooo|
|C||||||||
|Ar srarr ofyear||||4i7|i4,588|8,576|23,58t|
|Add rions|||||8|r45|t53|
|Dlsposals||||||0|0|
|Transfers||||||||
|At
defy ar||||4r7|~14,
6|s,yat|23734|
|D p
i tionand(mph
Ar scarr ofyear|||t||5 329|3 548|8,877|
|Charge for rhe year|||||Goo|346|946|
|Ar
dofy~||||||||
|N shool
I||||||||
|At
nd of)ear||||4t7|8,667|4 827|139II|
|Arsrarr ofyear||||4i7|9 259|5,028|24 704|
##
##
##
|Group|||||Agncultural
Eooo|Commerual
fooo|Residential
and Other
f.'ooo|2023
Tord
f.000|1022
Tora&
Eooo|
|---|---|---|---|---|---|---|---|---|---|
|Valuaoon|ac srarr ofyear||||I94,746|u&,807|39 275|357,828|306918|
|Addioons|and||impro
emencs at cost||l,787|13457|0|I+944|1»999|
|Disposals|||||(lol,871)|(20»|0|(102,077)|(7I 911)|
|Re aluauon||gains/(louse)||in che &ear|31,091|(7875)|(&,7G8)|I7 449|101,833|
|Valu tio||t|nd *fyeu||l15 753|I18,884|33 507|188,I44|u/, 818|
|The H*|||||||Res dermal|2013|20rl|
||||||Agnculrural|Commernal|and Other|Total|Toed|
||||||f.000|f.'ooo|Poco|Pooo|f.'ooo|
|Valuauon||ar starr ofymr|||14G,92I|I2.3,807|39m75|jso 003|158,244|
|Addicions||and|impro
emenrs accost|||I&257|0|ou&7|21,849|
|Dispose(a|||||(82,402)|(ao&)|0|(82,6oy)|(7I 912)|
|Revaluarion||gains/(losses)||m rhe year|3I,092|(7,87&)|(5.768)|I7449|IOI,831|
|V I ation||at|dof yam||95,60|r18,884|33 507|2&g,ooa|3lo,ooj|
##
|Gro
p I
tments||
|---|---|
|Valuer ion
ac srarr ofyear||
|Ne
money
invesced||
|Amounrs
irhdra
n||
|Increase/(Decrease)
in c|sh held|
|ln esrmenr
managemem|Res|
|increase/(decrease)
in value ofini esrmcnrs||
|Gro
p i
tmenu
t|d OFyear|
##
|OTHER INVESTMENTS|OTHER INVESTMENTS|CONTINUED|CONTINUED|||||||||||||||202.3
Eooo|2022
f.'ooo|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Th
Ho se i
tments||||||||||||||||||||
|Valuation
ar stan ol year
Ne
money in eared
Amouncs
wtchdrawn||||||||||||||||||504 525
tst,srs
(so,5G2)|46I,204
6,8S4
(2?,SIQ)|
|(Decrease)l tncrease
in cash held
In estmenr
managemem
fees||||||||||||||||||(sn033)
95|yo,ysj
io|
|Increase
in value ofin esrments||||||||||||||||||(29 464)|(st 546)|
|||||||||||||||||||544m72|504 H5|
|lnvesrmenr
in substd aries||||||||||||||||||46,So4|45'94|
|Th
Hous
i
mtment||t ndofy||||||||||||||||59o,576|549 7'9|
||||||||Held outside||||Held
n||||2023|Held outside||Held
rn|2022|
|G o pin
mtm
t comp||'|||||rhe UK
Eooo||||rhe UK
f'000||||Turd
S.000|rhe UK
Eooo||rhe UK
Eooo|Tool
2'ooo|
|Equi'ty
invescmencs|||||||||||xgr||||xst|||287||
|Global mulroassec
funds|||||||||||390,62I|||390,622||||332,337|3H 337|
|Properry
Funds
Deferred constderacion|||||||||||42,830
6r,ooo||||42,83o
61,000|||jl,920
0|52,920
0|
|Fned rerm deposits md|cash||||||||||65.444||||65 444|||II9,982|I19,98I|
|Totd gro p I
tment|||||||||0||56o,ryG|||56o,x76|||0|5ts4 525|504 525|
|PARENT AND SUBSIDIARY UNDERTAKINGS||||||||||||||||||||
|The House holds roos'|ofrhe||issued share captral||tn Chrisr||Church|Oxford Trad|||ng Ltmtted,||a company
pro|||idmg confe ence and||other e em serv ces|on che|
|House's
premrses
The House also holds roo% oFrhe rssucd share capical ol'Christ
Propeny
Lrmiced and IVrck Fa ming Limtred
all of'which
hold agncultural
land|||||||||||Church
tth long|(Evesham)
Limired,
rerm de.elopment||||Chnsc Church (Da
pocenthl.||entT) Limired, Thomas IVolse||
|The results and rheir assecs and|||liabilines ofthe parenr ands||||bsrdianes||ac rhe year||end
ere|as|I'olio|s||||||
||||||||||||||The||House|Chnst Chucch||Chnsr Church||
|||||||||||||||||lE eshnn)||(Da emry)||
|||||||||||||||||Limrred||Limied||
||||||||||||||||Eooo|f.|000|F000||
|Income|||||||||||||||37 528||4|l7||
|Expend
cure
Donation
ro che House|under||grft aid||||||||||||(42,24S)
0||(n)
0|(7)
0||
|Result for rhe year|||||||||||||||(3 G27)||(7)|Io||
|Total assers|||||||||||||||8S2,023||I09|I,xls||
|Total
I abilicies|||||||||||||||(ttG,37G)||Os)|(9)||
|Ner Funds at the end of|yea||||||||||||||765,647||70|l.205||
##
##
|PARENT|AND SUBSI|DIARY UNDERTAKINGS
CONTINUED|||||
|---|---|---|---|---|---|---|
||||Thomas|Wick Farming||Chnsc Church|
||||Wolsey|Limired||0 Ford|
||||Properry|||Trading|
||||Eooo|I'o on||E.'ooo|
|Income|||3,ioo||74|r,898|
|Expe dirure|||(50)||(77)|(r,884)|
|Donauon|co rhe House|under gik ad|0||0||
|Resulr for|rhe year||3 050||(&)|14|
|Torsi assert|||19.o66|3|559|1,035|
|Tora) habilmes|||(3,738)|(c3I3)||(2 035)|
|Ner funds|at che end of|vea|1.5,328|zaGG|||
|For pnor|year comparze|es see noce 35c.|||||
##
|||||||||||||Permanenc|Endo
menr||Expendable|Expendable|TOID|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||Unappl
ed|||Endo|menr|E dowments|
|||||||||||||T ust I'or|Toul|||||
|||||||||||||In.esrmenr|Reru n|Tocal||||
|||||||||||||Eooo|E'ooo|Eooo||E'000|E.000|
||Atth
beginningofth|||y||||||||||||||
||G k componenr|of|rhe pernla||enc endolvmenr|||||||I»357||I8,357|||I»357|
||Unapphed
rota) recu n||||||||||||14,036|14,036|||14,03G|
||Expendable
endo|menr|||||||||||||737 364||737.364|
||ToIM Endowments|||||||||||18,357|rs,o&6|32393|737 364||769,757|
||Movementsinth
Gifr ofendolvmem||r port'
I'unde||gp|riod:||||||zoG||106||2.,6ll|z,Br&|
||In estnienc recurn:||tora! in sarment||||income||||||1,04G|1,046||10,676|21.722|
||In esrmenr
return:||realised and unrealised||||||gams|and losses|||ho&)|(Soy)||(Benr)|(i&948)|
||Lus
lnvesrmenr|managenienr|||cosrs||||||||(174)|(iytl||(6,2i6)|(6,5oo)|
||Ocher rransfers||||||||||||49|49||379|az8|
||Toi I|||||||||||zoG|314|520||8.999|9 5I9|
||U
applied
tora)|return allocated||||ro|income||m rhe||eporong pened||(Bog)|(8o8l||(I9BSS)|(zo,663)|
||E»pendable
endo
ments|||rransfe||red to income||||||||0|||0|
|||||||||||||0|(808)|(80&l)||(19.855)|(20,663)|
||N t mov menu|in|r po|ring p||rind||||||xo6|(494)|(188)|(ro,856)||(Iid44)|
||At
nd ofthe repordng|||p|indi|||||||||||||
||Gifr component|of|the permanenr||||endolv men r|||||x8,563||I8.56&|||r8,563|
||I 'napplied
tocal|rerum|||||||||||'3 541|l3 542|||13,542|
||E pendable endo
mcnr
Tot )Endowm
nu|||||||||||x8,563|I& 341|32ioj|726.508
716,3os||716,508
758 613|
||Forp loryearcomparan|||esse noreBd||||||||||||||
|IG|DEBTORS|||||||||||||||||
||||||||||||||2023|2012||2013|2011|
||||||||||||||Group|Group|Th|Ho
se|The Ho se|
||||||||||||||E.'000|E'ooo||E'ooo|Eooo|
||Amounts
fzlli|gd||'thi|one||yertl|||||||||||
||Trzde dcbcors||||||||||||1,980|1,932.||I,787|2,74I|
||Amoums
o ed|by|House members||||||||||i6o|r48||rS9|I48|
||Amounrs
ol ed|by|G o|p undertakings||||||||||||2,042|2 579|
||Taxanon and sooal sec|||riq|||||||||7|7||5|5|
||Prepaymenrs
and acc ued income||||||||||||4,8G4|6,65o||4,8G&|G,G49|
||Ocher debtors||||||||||||rgs|219||75|I72|
||Amounts f ill|g d
sh r|||more||th|o|y|ri||||||||
||Loans|||||||||||||||n447|l,38I|
||||||||||||||7'99|9,966||Io 37$|r&,G75|
##
||CREDITORS:|falling d
within|falling d
within|on y~||2023|1021||202.3|2012|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Gro
p
f,ooo|Group
Eooo|Th|Ho se
f.'ooo|The House
f'ooo|
||Obligacions
unde||Fnance leases|||8|||||
||Trade creditors|||||2,467|1,6m.||2 3I3|»479|
||Amo
nrs owed|ro|House Membeo|||483|471||483|472|
||Amo
nrs oived|ro|Group underra)dogs|||0|0||I,oat|36I|
||Taxaoon and sooal secuncy|||||588|I3777||509|137I7|
||Acc uals and dek
Orher credicors||red income|||6,990
14|3443
I||3 735
l4|3,366
I|
|||||||lo 550|10,324||11.I43|20,405|
|rg|CREDITORS:|f|lling due W|more than o|ymr||||||
|||||||2013|1022||2013|2022|
|||||||Gro p
f.'000|Go
p
Eooo|Th|Ho
se
f,'ooo|The House
E000|
||Notes payable
Bank loans|||||90,000
Io,ooo|90,000
Io,ooo||90000
10,000|90,000
10,000|
||Obliganons
unde||linance leases|||13|20||13||
||loan snap Fuc|slue||||655|3 555||655|3 555|
|||||||Loo,668|'03 575||roo,668|I03 575|
##
|||||2023|2011||2023|1022|
|---|---|---|---|---|---|---|---|---|
|||||Go p|Group|Th|Nous|The House|
|||||Eooo|3000||f.'ooo|Eooo|
|Ar|start|of&ear|||p.|||52|
|Charged||n rhe Sraremenc ofF nanoal|Acovines||(43)|||(43)|
|Serried||che veer|||(7)|||(7)|
|At|nd|ofy|||||||
##
|ANALYSIS OF ls(OVEMENTS ON FUNDS|ANALYSIS OF ls(OVEMENTS ON FUNDS|ANALYSIS OF ls(OVEMENTS ON FUNDS|ANALYSIS OF ls(OVEMENTS ON FUNDS|ANALYSIS OF ls(OVEMENTS ON FUNDS|ANALYSIS OF ls(OVEMENTS ON FUNDS|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Al r August||||Guns/|Atlr J ly|
|||||||2022|Income|Eipenditu
e|Transfers|(losses)|202.3|
|||||||f.'ooo|Eooo|Eooo|Eooo|Eooo|F.000|
|Endo
nt F nds - P|rmanent|||||||||||
|Scudenc 8 pporc Funds||||||0,686|39l|(ss)|(i96)|(rBz)|II,SOI|
|Acadern c Posrs Funds||||||20,610|858|&DS&|(46')|Dzt)|zo,SIB|
|Library Funds||||||87|3|(r)|(i)|B)|86|
|Endo
tF nds-E*p||ndable||||||||||
|Heyman-Ivlorit
Benefauion||||||68.557|2,201|(Dy)|(i,86z)|(1,067)|67,253|
|Dr Souch (3/Schs)||||||4hsi5|r,386|(363)|(I,172)|(671)|42 794|
|Lee Benefacoon||||||16,093|5I7|(r36)|(4D)|(»0&|IS 787|
|Mercury
Fund (5/yths)
Buddlngs
F nds||||||I4,687
7,I05|472
zzs|(ua)
(6I)|(399)
(191)|(»9)
(III)|14,407
6,969|
|Gardens
BcGrounds
Funds||||||678|78|(6)|D9)|(rr)|720|
|Sporrs Clubs Funds
Library Fu ds||||||36
s,o88|I
140|0
(35)|(i)
(I09)|(B
&64)|35
4,02.0|
|Picture Gallery Funds||||||568|rB|(5)|(»&|(9)|557|
|Academic Poses Funds||||||3»093|t,326|(3»)|(9'5)|(594)|37 588|
|Srudenr Suppou Funds
Cathedcal
BcChonster 5 pport|||Funds|||3»339
I6,0I4|1,508
808|(276)
B34)|(Boz)
(391)|(Sro)
(152&|Sm259
r6,iis|
|Benefices Funds||||||16,725|859|(zii)|(7i6i|(tr6)|z6,zry|
|Orher Funds||||||r3,346|853|(n6)|(94)|(zi4)|i3 77S|
|General Endowment
Funds||||||455 420|Iz,BOI|(3 846)|(ll 34')|(4 041)||
|Total Endom
t Fund||||||769 757|24 539|(s,ioo)|(z0,23)i|(8,948)|758,6r3|
|Resuiu dl comep|d|-Perman|||t|||||||
|Srudent Support Funds
Library Fu ds||||||213
8|87
0|(164)
0|r76
I||321
Io|
|Academic Posrs Funds||||||489||(408)|434||522.|
|S b-total Re t I t d in«om|||(P|rmanent)||720|94|Byz)|6rz|0|854|
|Restrict dl
orna Fund*-E*pendabl||||||||||||
|Heyman-Moritz
Beneiaccion
Dr Sourh (3/Sths)||||||3U
2.,507|8
67|(r 873)
(835)|r,861
I,I72||350
2.9II|
|Lee Benefacnon||||||334||(386)|437||389|
|blercury Fund (5/yths)||||||||D84)|399||15|
|Bu &dinge
Gardens R Gco nds Funds||||||||(i)
(i)|6||38
0|
|Sporrs Clubs Funds
Library Funds||||||100||0
(84)|107||4
06|
|Picture Gallery
Funds||||||zB||0|7||35|
|Academic Posts Funds||||||1,380|25|(624)|813||b594|
|Srudenr Support Funds||||||l,469|48|(9r6)|Bzy||I 41st|
|Carhedral
BcChorisrer|Support Funds|||||24|I9|(404)|391||3I|
|Benefices Funds||||||84|3|(»)|28||91.|
|Ocher Funds||||||||(173)|zrs||41I|
|S b-tot (Resui t d u|come||(E*p ndable)|||6,683|I85|(5 7c'5)|6,zyr|0|7434|
|Build mgs Funds||||||4 469|n5|(»)|6i||4,6D|
|Gardens RG o nds Funds||||||sr||0|0||65|
|Spores Funds||||||30||0|0||36|
|Library Funds||||||08||(27)|(4)||74|
|Picrurc GalleT Funds||||||42||D)|0||50|
|Srudenr Support Funds||||||363|27I|(66)|(ii)||553|
|Cathedral 6:Chorisrer|Supporr Funds|||||213|99|(89)|(io)||1.23|
|Orher Funds||||||318|I06|(n6)|14||342|
|S b-total R t I t dincom|||f|ds||5,6I4|6I9|(irB)|so|0|5 975|
|Total R
t ' t d Fund||||||13,017|Bo8|(6,595)|6.943|0|I4,z63|
##
##
##
##
|The Gene al L'nresrncted|Funds|epresenc accumulated|income from rhe Houis's acn uies and orher sources thee are a a lable For rhe gene|income from rhe Houis's acn uies and orher sources thee are a a lable For rhe gene|income from rhe Houis's acn uies and orher sources thee are a a lable For rhe gene|al purposes ofrhe|al purposes ofrhe|
|---|---|---|---|---|---|---|---|
|House.||||||||
|ANALYSIS OF NET ASSETSBETWEEN FUNDS||||||||
||||Unresrr'cted|Resrricced|Endo|men«|2023|
||||Funds|Funds||Funds|Totd|
||||Eooo|f.'ooo||6000|f.'ooo|
|Tangible faed users
Propeny
investmencs
Other invesrments|||9,566
0
(293)|4 359
0|0
288,144
56o,469||13925
288 144
SGonyG|
|Net currenr
assets|||(i,lm)|9 904||0|7,6rr|
|Long rerm liabilmes
Pe sion fund and loans|app o|isions|(10,013)
(4,220)|0|(yo,ooo)
0||(100o13)
(4mao)|
||||(7,253)|rt,a63||758,613|765,623|
||||Unresrncred|Reirricred|Fndowment||2022|
||||Funds|Funds||Funds|Totd|
||||f'ooo|Eooo||t'000|6'ooo|
|Tanmble foed assets|||I0,510|4 197||0|14707|
|Properry
m estmencs|||0|0||357,829|357,829|
|Ocher in esrments|||2 597|0||501,928|S04 525|
|Nec current
assers|||(4,873)|8,820||0|3 947|
|Long rerm liabilities
Pensio
fund md loan|swap pro|is ons|(I0,010)
(8.164)||(90,000)
0||(roo,oxo)
(8764)|
||||(10,550)|13,017|7G9,757||772,224|
##
##
##
##
##
##
||||||Notes|USS|OSPS|
|---|---|---|---|---|---|---|---|
|Dateof
d arion||||||3I/03/20|jr/03/zz|
|Date
al scion results||publishers||||jo/09/zl|zy/o6/zj|
|Value ofliabilines||||||ESO 6bn|Eyr4m|
|Value ofassecsi||||||E66.5bn|E06rm|
|Fundi
g su plus
/ (defiuc)||||||(Er4 rbn)|Euym|
|Pnncipal
assumpnons:||||||||
|Discou nr race|||||a /5: b|Fued mreresr|Gits+a.5%to|
|||||||gilr yield cur e|z z5%|
|||||||plus r%-z.75%||
|~
Rare oFincrease||in salaries||||n/a|RPI|
|Raceofincrease||in pensions|||clk d|CPI Ioo5%|Ave RPI/C PI|
|Mortaliry
auumpnons:||||||||
|Males currenrly|aged Gj|||||24 ol'll||
|~
Females cu rremly||aged 65||||25 G yrs||
|~
hl'ales curremly|aged 45|||||26.0 Vfs||
|Females currenrly||aged|45|||27 4 yrs||
|Fundmg
Ranos||||||||
|T«ch
ical pro|isions basis|||||S3%|I05%|
|Sratutoff Pension Protecoon Fund||||basis||G4%|98%|
|'Bu3-ouc' basis||||||5I%|62%|
|Recommended
employer's|||concribuoon|rare||'ll 4% lo|r9%do
neo|
|(as%of pensionable||salanes)||||zi.6% from|I6.5% tor DB|
|||||||ol Apr zozz|members
from|
||||||||OI Oci 2023|
|Effeccive dare of' next m)u soon:||||||3I/0 3/I.3|3I/03/25|
##
|USS Assumptions|USS Assumptions||||USS Change|USS Change|in|Assumptions|Assumptions||Impacr on USS liabtlnies|Impacr on USS liabtlnies||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Ininal
re-reriremenc||discounc rate||||increase|b|oz&%|||decrease b Er.}bn|||
|Post-retiremenc|discounr||rate|||decrease|b|o z&%|||increase b Ez sbn|||
|CPI||||||decrease|b o.r%||||decrease b Er.&bn|||
|Life expecrancy||||more prudent||assumpuon||( educe|rhe|adjusrmenc|increase by Er zbn|||
||||||to rhe|base morta(i||rable|b|3%)||||
|Race oFmons(|cy|||more
mortal&|prude
m|r assumprion
(increase the annual
ro emenu
ion -term rates b 0 zs'|||||incrmse by Eo.6bn|||
|OSPS Assum|nones||||OSPSChan
einAssum||||rions||Im accon OSPS tcchnical|ronsions||
|Valuation
rate|ofinta|esc||||dec ease
increase|b
b|o.z&%
o.z&3'|||increase b
2%oF ensionable
ncrease b
r &%of ensionable||sale les
salanes|
##
##
##
##
##
##
##
|The House has certam
Financial
awets
at uansacrion
slue and subsequend,|The House has certam
Financial
awets
at uansacrion
slue and subsequend,|The House has certam
Financial
awets
at uansacrion
slue and subsequend,|The House has certam
Financial
awets
at uansacrion
slue and subsequend,|a d hnan«ial
measured
ar a|a d hnan«ial
measured
ar a|a d hnan«ial
measured
ar a|a d hnan«ial
measured
ar a|a d hnan«ial
measured
ar a|liabiliries
o
d|liabiliries
o
d|liabiliries
o
d|oFa lund
r. C|oFa lund
r. C|oFa lund
r. C|thar qual
t '
orh|thar qual
t '
orh|fy as
E|basic Finanaal
al|instrumenrs.
e held ac|instrumenrs.
e held ac|Bmc iinancial
fair
slue,
irh|Bmc iinancial
fair
slue,
irh|Bmc iinancial
fair
slue,
irh|inscrumems
guns and|inscrumems
guns and|a e inirially
(osws bemg|recogn sed
recognised|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|wirhm
income and expendimre||||||||||||||||||||||||||||
|The House has rhe fogoiving
financial|||||Instru meme.||||||||||||||2023||||1011|||201}|1021.|
||||||||||||||||||||Gro
p
I,'ooo|||Group
Eooo|||Th|Hous
S.'ooo|The House
6000|
|Financial
t
m .
redatf|'r|||I|ethro||gh||t tementofgn||||||idactivitims|||||||||||||
|lnvesrmenrs|||||||||||||||||||560,I76|||N4 Hs||||59o,&76|549 7 I 9|
||||||||||||||||||||&Go,r76|||504,515||||59o,&76|549 7I9|
|Fi ancial
t
red at||ortised||||costi||||||||||||||||||||||
|Cash and cash equi
alenrs
Trade debtors|||||||||||||||||||IO,IOG
1,980||||l3,362.
'1,931|||S,N9
r,&87|I1,403
I74'|
|Amounts o ed by House members||||||||||||||||||||I60|||rss|||I&9|148|
|Amouncs
o ed by Group undertakings|||||||||||||||||||||||0|||2,041|»579|
|Accrued income|||||||||||||||||||l,49I||||6,}Gr|||l,49I|6,36I|
|Other debtors||||||||||||||||||||I88|||'129|||75|I72|
||||||||||||||||||||'3 915||||2&,031|||139I3|24,404|
|Ftnanc(H(i
biliti
that sr
d
Nocw. pzyable|bt||instr|||m|t|mms||red||t||o ti|d costs||||90,000|||90,000||||90,000|90,000|
|Bank loans - i eluding
more rha|||r year||||||||||||||||Io,ooo|||to,ooo||||Io,ooo|10,000|
|Tmde creditors|||||||||||||||||||1.,467||||z,6zz|||2,3I3|»479|
|Amoums
o
ed to House biembe|||s||||||||||||||||||||471|||483|472|
|College conrnbunon||||||||||||||||||||0||||||0|0|
|Accruals and deferred
income|||||||||||||||||||6,990|||||||3 735|3,&66|
|Orher credirors||||||||||||||||||||l4||||||l4|2|
||||||||||||||||||||'09|954||I06,539||||106,545|I06,319|
|F' mcialliabiliri
th tarem|||||datf2(rM|||||||||||||||||||||||
|Fair
slue cost ofloan swap||||||||||||||||||||6ss|||3 55l|||6ss|M&5|
|||||||||||||||||||||6ss|||3 555|||6ss|3 555|
|Ga ns and losses on rhe loan s|ap||in|the &ear|||are disclosed||||on||rhe face oF|||rhe SOFA||||||||||||
|RECONCILIATION
OF NET||INCOMING||||||RESOURCES TO NET||||||||CASH FLOW FROM|||OPERATIONS|||||||||
|||||||||||||||||||||||||||2023|1012|
|||||||||||||||||||||||||||Gro p
Eooo|Group
f'ooo|
|N ti come||||||||||||||||||||||||||(6,60I)|87770|
|Ei minarion ofnon-ope
aring cash tlo||||||||||||||||||||||||||||
|lmestmenr
income||||||||||||||||||||||||||(12,406)|(28,I80)|
|Load(Gains)
in in estmenu||||||||||||||||||||||||||8,948|(90,z87)|
|Endowmenr
donauons||||||||||||||||||||||||||(z,gry)|(3,0IO)|
|&mercer
payable on nores||||||||||||||||||||||||||2,084|2.,073|
|In estmenr
managem
nr cosrs||||||||||||||||||||||||||4,G&z|&,787|
|Depreaarion||||||||||||||||||||||||||950|935|
|8 rplus on sale ofF ed assers||||||||||||||||||||||||||4||
|Decrease/(Increase)
n stock||||||||||||||||||||||||||88|(I3d|
|Decrease/(Increase)
in debrors||||||||||||||||||||||||||z,&G&|(G,906)|
|(Decrease)/increase
in creditors||||||||||||||||||||||||||(9 774)|t3,G47|
|(Decrease)/increase
n linen«e|les||e|credicors||||||||||||||||||||||(7)|zs|
|Decrease in pro mons
(Decrease&/Increase
in pension|scheme|||||liabilny||||||||||||||||||||(i)
(r G43)|(&o)
z,n6|
|Decrease m loan s
ap reser
e||||||||||||||||||||||||||(2,900)|(z,8&o)|
|N I
h p odded
by ( s d i||)|oper|||Ii g||tiwties||||||||||||||||||(26,676)|(Ii&.938)|
##
|28|ANALYSIS OF|ANALYSIS OF|CHANGES IN NET DEBT|CHANGES IN NET DEBT|CHANGES IN NET DEBT||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||No-|sh|||
||||||||||||Atst|tofy~|C|h flow*|h|ng|At|dofyear|
|||||||||||||f.'ooo||f.'ooo|6'ooo|||E'000|
|||||||||||||Go p||Go p|Gro p|||Gro p|
||Cash|||||||||||l3,362||(&,256)||||lo,l06|
||Loans falling due after one year|||||||||||-I03 575||7|2.,900|||(too,G68)|
||Torsi|||||||||||(90zt3)||(3*49)|2900|||(po,562)|
|xp|ANALYSIS OF||CASH AND CASH|EQUIVALENTS|||||||||||||||
|||||||||||||||||2013||1022|
||||||||||||||||f.'ooo|||6'ooo|
||||||||||||||||Group|||Group|
||Cash at|bank and ln hand|||||||||||||Io,106|||t&,&Gz|
||Nonce|deposirs|(less chan 3 monchs)|||||||||||||||0|
||Bank overdrafrs||||||||||||||||||
||Total cmh
d||h
q ivalent||||||||||||ro,ro6|||I3,362.|
|jo|FINANCIAL COMMITMENTS||||||||||||||||||
||At n july che House has coral commicmenrs||||u der||non-cancellable||operaong|leases as fofloivs:||||||2023
f.'ooo||1022.
f:ooo|
||L
d end b ildings||||||||||||||||||
||payable|irhin one year||||||||||||||I,OI5||9G7|
||payable|benveen|r o and li e years|||||||||||||4,0GI||&,S67|
||payable|in over|fve years||||||||||||29 442|||29,007|
|||||||||||||||||34 5IS||33 84I|
||Total expenditure
in rhe yea
on land and||||building||ope|aring leases ives Erotyk (Inurn.|||Eo&Sk).||||||||
||0th r||||||||||||||||||
||payable|mthin|one yezr|||||||||||||I5||Io|
||payable|bee. can cwo and fi eyes I|||||||||||||||||
||pzyable|ln o er|fve years||||||||||||||||
|||||||||||||||||l9||l9|
||Tocal expend t||rein rhe&ear on other operaring|||leases||as DGk (zozr zz fr&k).|||||||||||
||CAPITAL COMMITMENTS||||||||||||||||||
||There|are no capaal commmmenrs||chat require||disclosure|||||||||||||
##
##
##
##
##
##
|35|CONSOLIDA|TED ST|AT|M|EN|T|OF FI|ANC|AL ACTMTIFS fOR|HE YEAR E|D|ED 3I)ULY202|.|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Unrestricced||Rescricred||Endowed|2.011|
|||||||||||F nds||Funds||Funds|Totd|
||||||||||Notm|E'ooo||Eooo||E'ooo|5,000|
|INCOME AND ENDOWMENTS|||||FROM:|||||||||||
||Ch
't bl|tivities:||||||||||||||
||Teaching,
research and reside|||||rial||||9,588|||||9,588|
||Carhedral
School|||||||||I,99G||65|||z,o6r|
||Carhed
al|||||||||l34||136||Io|yso|
||Don tio|d legacies||||||||05||456||l,olo|3,581|
||Other t
di g income||||||||||||||97G|
||Invest|||||||||||||||
||In sarment|income|||||||4|l70||IG||17,984|zs,igo|
||Tora) rerum allocated||ro|income|||||34d|0,7I5||y,i86||(I8.90I)||
||Orher income|||||||||6oo||l5|||Gxy|
|Totd incom||||||||||aym94||7,984||I2.I03|45,38I|
|EXPENDITURE||ON:||||||||||||||
||Charitabl|ti 'ti||||||||||||||
||Teaching,|research and residencial||||||||30.6IS||5 039|||35,G57|
||Orher chanrable
seri||iries|||||||||766|||766|
||Carhedral|School||||||||r,65r|||||2,65I|
||Carhedral|||||||||l,750||3'U|||»053|
||Generating f
d*i|||||||||||||||
||Fundraising|||||||||794|||||794|
||Trading expend rule|||||||||947|||||947|
||Endo
ment managemenr||||cosrs|||||I84||||5,603|5,787|
||Inreresr pay ble on loan|||noces||||||||||»073|2.o73|
|Total exp
d't||||||||||3G,944||6dog||7,G76|50,718|
|N tin o
/(Exp||d't
re)|be(oreg|||I||||(ir,Gyo)||x,876||4 427|(5,347)|
||Net ga ns on|in estments|||||||Iz, l3|||||90,287|90187|
||(Loues)/Gains|on complex||finanoal|||insrrurnenrs||zG|2,830|||||x,g/o|
|N tl
ome||||||||||(s,szo)||r,876||M 7I4|87.77o|
|Transf
b t «||f nds|||||||34e|590||(994)||404||
|N|t movement
in|fund
fo|th|y w||||||(s,xyo)||ssz||05,lit|87 yyo|
|Fund balances broughc for|||ard||||||34e|(2,320)||Iz l)5||674,639|684 454|
|F|decarri dfo|d tyil||ly||||||(xo yso)||13017||769 757|772m24|
||See page 14for rhe Consolidated|||||Sraremenr||ol'Fi|a cia l Acrwitics for rhe c|renr yeas ro|h ch rhis note comps||es.|||
##
|Group|||||Agriculrural|Commeroal|Reside
cial
and Other|2011
Totd|
|---|---|---|---|---|---|---|---|---|
||||||f.'ooo|Eooo|f.'ooo|6000|
|Valuaoon
Addicions|ar srarc ofyear
and impro
emenrs|||accosc|I45 339
I,380|0355G
2I,6I9|36,023
0|304,9I8
**999|
|Disposals|||||60|(yi,osa)||(7b922)|
|Revaluacion||8 'ns/(losses)|in|che year|47,967|50,614|3,2,52|sor,833|
|Valu
rio||t end ofy|||I94746|I13,807|39175|357,81st|
|Th
Hous|||||||Residenrial|202.1|
||||||Agriculcural|Commercial|and Orhe|Total|
||||||I.000|Eooo|I'ooo|f,000|
|Valuanon||ar srarr ofyear|||98,663|I13,558|36,023|258,244|
|Addnions
Disposals
Revaluation||a d impro
emencs
gains/(louse)
in||at cost
che year|2.)l
6o
47,967|2I,GIB
(71982)
50,613|0
3,2.52|12849
(70912)
rot,gja|
|Val
tio||at end ofy|r||I46,921|l13,(I07|39n7t|310003|
##
##
||||||||||Permanenr|Endosvmenc||Expendable|Expendable|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Unapphed||Endo|ment|Endowments|
||||||||||Trust for|Torsi|||||
||||||||||In esrmenr|Recurn|Total||||
||||||||||f.'000|F.000|5'ooo||Eooo|Oooo|
|At th
bqrinnfng
ofthe|||you|s|||||||||||
|G ft «omponenr
of|che permanent|||||endo|menr||'4n34||'4 a34|||14134|
|Unapplied
coral recurn||||||||||14,036|14,03G|||14,03G|
|E pe dable endowmenc||||||||||||646.369||64G,)69|
|Totn Endowments|||||||||14a34|14,036|18,syo|646,369||G7+639|
|Mo
m nts in the|reporting|||p|indi||||||||||
|Gifi ofendowment|funds||||||||147||147||1,863|3,010|
|In esrmenr
recurn:|coral||in esrmenr|||income||||1,175|1,175||16.819|17994|
|In escmenr
scum|real|sed and unrealised|||||gains and losses|||3 791|3791||86,495|90,287|
|less
Invescmenr
management||||costs||||||Osr)|(iai)||(7 355)|(7 67G)|
|0 he
transfers||||||||||69|||335|404|
|Totd|||||||||147|4 715|4,861||'09 '57|u4,019|
|Unapplied
total return||allocared|||to income in rhe reporting|||penod||(Uo)|(yn)||(rg,r61)|(18,901)|
|E»pendable
endoivmencs|||rransf'er||ed to inco ne||||||0|||0|
||||||||||0||||(rs,r61)|(18,901)|
|N t mov ments in|reporting|||p||iod|||147|3,97G|%123|90995||95,118|
|At
d ofthe reporting|||period.||||||||||||
|Gift component
of|rhe|permanent||||endo|menr||14,381||14,381|||14,381|
|Unapplied
coul recurn||||||||||IB,OI2.|IB,on|||IB,OI2|
|Expendable
endoivmenc||||||||||||737,364||737,364|
|Tot IEndomnents|||||||||14,38t|18,012|3»393|737,364||769,757|
##
##
|ANALYSIS OF THE|MO|V|E|M|ENT ON FUNDS f|OR THE YEAR ENDE|D Ir JULYaoa|a||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Ar I August||||Guns/|Atsi J ly|
|||||||2021|Income|Elpendirure|Transfers|(losses)|2012|
|||||||Fooo|Eooo|6'ooo|I'ooo|Eooo|Eooo|
|Endom
t F nds -|P|mment||||||||||
|Studenc Supporc Funds||||||tools|445|(nG)|(ayi)|1,370|tr,686|
|Academic Posrs Funds||||||r7,936|874|(loi)|(395)|2.,4I0|20,G20|
|Library Funds||||||76|3|IE|(2)|II|87|
|Endom
t Funds -|Esp|||dable||||||||
|Heyman-Moric
Benefacoon||||||60,39G|2,498|(685)|(l,7II)|B,o59|68,557|
|Dr Sourh (3/lchs)||||||38,480|I,571|(43I)|h 077)|5 072|43,6ts|
|Lee Bene('acoon||||||IO179|IM|(I6r)|(402)|I.891|I6 093|
|Mercury
Fund
(5/yrhs)||||||'2 939|535|B47)|(367)|1,717|r4,687|
|Buildings
Funds||||||6,2.58|159|(yr)|(r76)|83)|7 105|
|Gardens
Sr Grounds
Funds||||||59G|15|(6)|(I7)|Bo|678|
|Sporrs Clubs Funds||||||32|I|0|(i)|4|36|
|Library Funds||||||3,5G9|I79|(ti)|(99)|480|s,o88|
|Piccure Gallery Funds||||||500|21|(6)|(i4)|67|568|
|Academic Posrs Funds||||||33 345|1,501|(38o)|(839)|6465|Is,o93|
|Student Supporr Funds
Carhedral
ScChonsrer Supporr|||||Funds|27,1GB
'3 994|2,3n
7'5|(321)
(I55)|(709)
(357)|3 790
I,BI7|31639
r6,ot4|
|Benefices Funds||||||13H4|974|(267)|(667)|3,14I|1G,715|
|Other Funds||||||I0,7GI|1,148|R3I)|(yr)|u539|I3,346|
|General Endo vmenr Funds||||||aoo,los|l7,15G|(4.55i)|(II,321)|53 H9|455 420|
|Tot IEndo
ntF|nds|||||67n639|3I,004|(7 676)|(r8 497)|90,287|769,757|
|Restri
t dl
ome Fund|||-P||rmanent|||||||
|Srudenr Support Funds||||||I96||(r48)|I75||223|
|Lbrary Funds||||||8||(r)|I||8|
|Academic Posts Funds||||||4)G||(312)|373||489|
|S b-toodR
t ' ted|in|*m||(P rmanent)||640||(47i)|549||720|
|Restrined I
ome F|nds||-|E|p ndable|||||||
|Heyman-Morits
Benefacuon||||||15I||(n530)|l,7II||3H|
|Dr Sourh (I/lths)||||||2.I36|10|(726)|I,077||»PI7|
|Lee Benefacrion||||||303||O/i)|402||334|
|Mercun Fund (5/ychs)||||||34||(40i)|367||0|
|8 i)dinge||||||27||0|5||31|
|Gardens
Sr Grounds|Funds|||||0||(1)|2|||
|Sporrs Clubs Fu ds||||||||0||||
|1.brary 5unds
P ccure Gallery Funds||||||7I
22|0|(69)
0|98
6||100
18|
|Academic Posts Funds||||||1,154|83|(696)|739||I 380|
|Sr dent Supporc F nds||||||1,440|37|(7»)|7ii||8469|
|Cachedral
BcCho iscer Support|||||Funds|2.4|r6|(383)|357||24|
|Benefces Funds||||||Ioo||(n)|2.5||84|
|Orher Funds||||||347||(i61)|183||3G9|
|S b-total R
t I t d|incom||||(E p nd ble)|5,9II||(5.ioe)|5,688|0|6,683|
##
|ANALYSIS OF MOVEME|N|TS|ON|FUNDS CO|NTINUED||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||At|I August|||||Gains/|At)r July|
|||||||I,ou|income||Fupendicure|Transfe
s|(losses)|2022.|
|||||||Fooo|8'ooo||EQQQ|Fooo|Zoon|3,000|
|Buddings
Funds||||||4, )G8||I25|(»)|8||4,469|
|Gardens
dc Grounds
Funds||||||94|||(4i)|0||Go|
|Sporrs Funds||||||15|||0|0||30|
|Library Funds
Picrure Gallery
Funds||||||111
47|||(5)|(4)
0||98
41|
|Srudenr
Supporr Funds
Cachedral
ta Chonster
Supporr|||Funds|||)Go
159||Gj
302|(58)
(171)|(4)
(67)||363
211|
|Other Funds||||||199||IOI||2.2||318|
|S b-tong Rmtrictedin
Om||F|nd|||5 574||||(U)|0|5,622|
|TotURestri
t dF
nds||||||I1,I35||798|(6,ios)|6,292|0|I3 017|
|Unrestri
t d F nds|||||||||||||
|Designated
funds
General
funds||||||' 494
5,650|IOI
I),050||()So)
(34 063)|343
0,962.|0
0|I 589
(),soi)|
|Defined beneFit pension
scheme|||reser|e||(I99I)|||(2,2I6)|0|0|(5 aoy)|
|Loan s
ap hir value ress|e|||||(6,385)|||0||1,8)0|(3 555)|
|Total U
tricted F
d|-The Ho|||||(2,2.)1)||l3,151|()6,619)|Il.,305||e|
|Designated
funds - subsid
General
funds - subsidianes|aries|||||(88)||412|0
(3I2)|||22|
|Revaluauon
reser e - subsidianes|||||||||0||||
|Tote(Un
tri tedFund||-s|heidi|||(88)||422|(»I)||||
|Total Un
tri ted Fund||- Group||||(2,310)|I3 579||(3G,944)|u,30)|1,8)o|(ro,jjo)|
|Total F
ds||||||68oa)4|45, 38i||(50,718&|0|9307|77+224|