| Governing Body, Officers and Advisers |
Governing Body, Officers and Advisers |
2-4 |
|---|---|---|
| Report ofthe Governing Body |
5-14 | |
| Auditor's Report |
15-18 | |
| Statement ofAccounting Policies |
19-23 | |
| Consolidated Statement of Financial |
Activities | 24 |
| Consolidated and College Balance |
Sheets | 25 |
| Consolidated Statement ofCash Flows |
26 | |
| Notes to the Financial Statements | 27-44 |
| pproval ofthese financial state fficerships: |
ments, are li |
sted below | together with |
details | for | those | who | also | held | Colle | ge | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1) | 2 | 3 | 4 | 5) | 6 | 7 | (8) | (9) | ||||
| Mr David Isaac | Provost | |||||||||||
| Dr Simon Cowan | Interim Vice Provost | |||||||||||
| Prof Kate Tunstall | ||||||||||||
| Prof Robert Sexton | (to 30/789/21) | |||||||||||
| Prof Donal Nolan | ||||||||||||
| Dr Nir Vulkan | ||||||||||||
| Prof Andrew Carr | ||||||||||||
| Dr Ben Morgan | ||||||||||||
| Dr John Panlngton | ||||||||||||
| Dr Richard Earl |
||||||||||||
| Dr Scott Scullion | Senior Tutor (to31-8-21)Dean of Degrees (from 1/9/21) |
|||||||||||
| Prof Deborah Cameron | ||||||||||||
| Prof Josephine Quinn |
||||||||||||
| Prof Andreas Willi |
||||||||||||
| Prof Julian Roberts | (to 30-9-22) Garden | Master | ||||||||||
| Prof Endre SOli | ||||||||||||
| Prof Grant Ritchie | ||||||||||||
| Prof Bob Harris | ||||||||||||
| Dr Paul Azzo i |
Dean | |||||||||||
| Dr Mark Howarth | Demitted | 31-8-22 | ||||||||||
| Dr David Steinsaltz | ||||||||||||
| Dr Conrad Leyser | ||||||||||||
| Prof Laura Ashe | Tutor for | Admissions | (to 31-8-21) | |||||||||
| Prof Gabriel Stylianides | ||||||||||||
| Prof Kim Dora | ||||||||||||
| Dr Antonie Pepachristodoulou | ||||||||||||
| Dr Michail Peramatzis | ||||||||||||
| Dr Zofia Stemplowska | ||||||||||||
| Prof Felix Parra Diaz | Demitted | 5-9-21 | ||||||||||
| Dr Afifi al-Akiti | ||||||||||||
| Prof Sadie Creese | ||||||||||||
| Dr James Edwards | ||||||||||||
| Prof Andrew Stephen | ||||||||||||
| Mr Mark Bainbiidge | Fellow Librarian | |||||||||||
| Rev DrTees Kuin Lawton | Chaplain | demitted 19-11-21 | ||||||||||
| Dr Alexander Sturgis |
||||||||||||
| Dr Pete Fowler | ||||||||||||
| Dr Alice Violet | ||||||||||||
| Dr Andrzej Murawski |
||||||||||||
| Dr Robert Smith |
| Dr Hauke Marquardt | (1) | (2) | (3) | (4) | (5) | (6) | P) | (8) | (9) | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr Merve Emre | Tutor for Women | (from 01/10/21) | ||||||||||
| Mr Gareth Pdor | Finance &Estates Bursar demitted 30-9-21 |
|||||||||||
| Dr Marchella Ward |
Tinsley Outreach 9-9-22) |
Fellow (Demitted | ||||||||||
| Dr Lisa Wedding | ||||||||||||
| Dr Michael Mayo | Tutor for Graduates (to 31Jt-22) |
|||||||||||
| Dr Laura Quick | Tutor forWomen | (to 30/9/21) | ||||||||||
| Dr Leah Trueblood | ||||||||||||
| Dr Natalia Waights-Hickman | ||||||||||||
| Prof Tsilly Dagan | ||||||||||||
| Ms Kate Foley | Development Director (to31-10-22) |
|||||||||||
| Prof lain McCulloch | Appointed | |||||||||||
| Prof Daniel Neyland | Senior Tutor appointed 9-22) |
(1-9-21to 9- | ||||||||||
| Mr Mike Huggins | Finance &Estates 14-2-22) |
Bursar (appointed | ||||||||||
| Prof Emmanuel Breuillard |
(from 1/1/22) | |||||||||||
| Prof Jennifer Walshe | (from 1/4/22) | |||||||||||
| Mr Simon Boddie | (from 12/5/22) | |||||||||||
| Dr Paulo Savaget | (from 1/9/21) | |||||||||||
| DrWouter Mostert | (from 1/10/21) | |||||||||||
| Prof Patricia Clavin | (from 1/10/21) | |||||||||||
| Dr Ronelle Roth | (from 1-10-22 | |||||||||||
| Dr Leila Ullrich | (from 1-10-22) |
| Unrestricted | Restricted | Endowed | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | Total | ||||
| Notes | F'000 | 5'000 | 6'000 | 6'000 | 6'000 | |||
| INCOME AND ENDOWMENTS | FRONE | |||||||
| Charitable activities |
||||||||
| Teaching, resesmh and |
residential | 5,935 | 5,935 | 5,119 | ||||
| Other trading Income Donations and legacies Investment income |
1,378 1,252 6 |
689 | 7,118 1,742 |
1,378 9,059 1,748 |
13 5,464 1,655 |
|||
| Other income | 46 | 46 | 364 | |||||
| Total income | 8,617 | 689 | 8,860 | 18,166 | 12,615 | |||
| EXPENDITURE ON: | ||||||||
| Charitable activities |
||||||||
| Teaching, research and | residential | 6 | 11,762 | 2,627 | 14,389 | 12,564 | ||
| Generating funds: Fundraising Trading expenditure Investment management |
costs | 640 27 63 |
840 27 63 |
507 24 34 |
||||
| Total expenditure | 6 | 12,492 | 2,627 | 15,119 | 13,129 | |||
| Net (expenditure)/income | before gains | (3,875) | (1,938) | 8,860 | 3,047 | (514) | ||
| Net gains/(losses) on investments |
250 | (563) | (313) | 7,635 | ||||
| Net (expenditure)5ncome | (3,625) | (1,938) | 8,297 | 2,734 | 7,121 | |||
| Transfers between funds |
1,259 | 940 | (2,199) | |||||
| Net movement in funds for the year |
(2,366) | (998) | 6,098 | 2,734 | 7,121 | |||
| Fund balances brought fonvard |
17 | 37,655 | 3,189 | 53,495 | 94,339 | 87,218 | ||
| Funds carried forward at 31 | July | 17 | 35,289 | 2,191 | 59,593 | 97,073 | 94,339 |
| 2022 | 2021 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| Group | Group | College | College | ||||
| Notes | 8'000 | L'000 | 8'000 | F'000 | |||
| FIXEDASSETS | |||||||
| Tangible assets Property investments Securities and other investments |
10 11 12 |
32,945 4,833 46,418 |
33,838 4,583 46,983 |
32,945 4,833 46,416 |
33,838 4,583 46,983 |
||
| CURRENT ASSETS | 84,194 | 85,404 | 84,194 | 85,404 | |||
| Stocks | 138 | 132 | 138 | 132 | |||
| Debtors | 15 | 8,471 | 1,002 | 8,811 | 997 | ||
| Cash at bank and in hand | 9,178 | 10,762 | 8,686 | 10,674 | |||
| 17,783 | 11,896 | 17,833 | 11,803 | ||||
| CREDITORS: falling due within one year | (1,423) | (1,422) | (1,273) | (1,329) | |||
| NET CURRENT ASSETS | 18,380 | 10,474 | 16,360 | 10474 | |||
| TOTAL ASSETSLESSCURRENT | LIABILITIES | 100,554 | 95,878 | 100,554 | 95,878 | ||
| NET ASSETSBEFORE PENSION | LIABILITY | 100,554 | 95,878 | 100,554 | 95,878 | ||
| Defined benefit pension scheme | liabi8ty | (3,481) | (1,539) | (3,481) | (1,539) | ||
| NET ASSETS | 97,073 | 94,339 | 97,073 | 94,339 | |||
| FUNDS OF THE COLLEGE | 17 | ||||||
| Endowmentfunds | 59,593 | 53,495 | 59,593 | 53,495 | |||
| Restrictedfunds | 2,191 | 3,189 | 2,191 | 3,189 | |||
| Unrestricted funds |
|||||||
| Designated fixed assets fund |
32,746 | 33,753 | 32,746 | 33,753 | |||
| General funds (excluding | pension | reserve) | 8,024 | 5,441 | 6,024 | 5,441 | |
| Pension reserve | (3,481) | (1,539) | (3,481) | (1,539) | |||
| 97,073 | 94,339 | 97,073 | 94,339 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Group | Group | ||||||
| Notes | 6'000 | f'000 | |||||
| Net cash used in operating activities |
23 | (3,338) | (1,220) | ||||
| Cash flows from investing activities |
|||||||
| Dividends, interest and rents from investments |
1,748 | 1,655 | |||||
| Purchase ofproperly, plant and equipment Proceeds from sale of investments |
(114) | 656 | |||||
| Purchase ofinvestments | (312) | ||||||
| Net cash provided by investing activities |
1,634 | 1,999 | |||||
| Cash flaws from financing activities Receipt ofendowment |
118 | 449 | |||||
| Net cash provided by financing activities |
118 | 449 | |||||
| Change in cash and cash equivalents |
in the | reporting | period | (1,586) | 1,228 | ||
| Cash and cash equivalents at the beginning |
ofthe reporting | period | 10,762 | 9,534 | |||
| Cash and cash equivalents atthe end |
ofthe | reporting | period | 9,176 | 10,762 |
| INCOME FROM CHA | RITABLE ACTIVITIES | ||
|---|---|---|---|
| 2022 | 2021 | ||
| 6'000 | E'000 | ||
| Teaching, research and residential | |||
| Unrestricted Funds |
|||
| Tuition fees - UK and EU students | 2,098 | 2,116 | |
| Tuition fees - Overseas students | 614 | 825 | |
| Other fees | 420 | 219 | |
| Other grant support | 115 | 132 | |
| Other academic income | 177 | 188 | |
| College residential | income | 2,513 | 1,839 |
| 5,935 | 5,119 |
| DONATIO | NS AND |
LEGAC | IES | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E'000 | OOOO | ||||
| Unrestricted funds |
1,252 | 2,987 | |||
| Restricted | funds | 689 | 2,028 | ||
| Endowed | funds | 7,118 | 449 | ||
| 9059 | 5464 | ||||
| INCOME | FROM OTHER TRADING ACTIVITIES | ||||
| 2022 | 2021 | ||||
| 6'000 | L"000 | ||||
| Subsidiary | company | trading | income | 393 | 11 |
| Other trading income |
985 | 2 | |||
| 1,378 | 13 | ||||
| INVESTMENT INCOME | |||||
| 2022 | 2021 | ||||
| 5'000 | E'000 | ||||
| Unrestricted funds |
|||||
| Equity | dividends | 1 | |||
| Interest | on fixed term deposits and cash | 24 | |||
| Other investment | income | ||||
| 8 | 25 | ||||
| Restricted | funds | ||||
| Other inveshnent | income | ||||
| Endowed | funds | ||||
| Other investment | income | 1,742 | 1,630 |
| ANALYSIS | O | F EXPENDITU | RE | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| 6'000 | L'000 | |||||||
| Charitable | expenditure | |||||||
| Direct staff costs allocated to: Other direct costs allocated to: Support and governance costs allocated to: |
Teaching, research Teaching, research Teaching, research |
and and and |
residential residential residential |
7,197 4,900 2,292 |
4,858 5,664 2,022 |
|||
| 1~,335 | 12,555 | |||||||
| Expenditure | on raising funds | |||||||
| Direct staff | costs allocated | to: | Fundraising Trading Expenditure |
417 27 |
343 20 |
|||
| Other direct costs allocated to: | Fundraising | 134 | 105 | |||||
| Trading expenditure |
||||||||
| Support | and governance | costs allocated to: | Fundraising Trading expenditure Investment management |
costs | 89 ~ 63 |
59 4 34 |
||
| 730 | 565 | |||||||
| 15,115 | 13125 | |||||||
| Fundraising Trading Expenditure Investment management |
costs | 640 27 63 |
507 24 34 |
|||||
| 730 | 565 |
| ANALYSIS O | F SUPPO | RT AND GOVERNANCE CO | STS | ||
|---|---|---|---|---|---|
| Generating | Teaching | 2022 | |||
| Funds | Research & | Total | |||
| Residential | |||||
| 6'000 | 6'000 | 6'000 | |||
| Financial and | domestic | admin | 60 | 534 | 594 |
| Human resources | 42 | 329 | 371 | ||
| IT | 38 | 366 | 404 | ||
| Depreciation | 1,007 | 1,007 | |||
| Other 6nance Governance |
charges costs |
12 | 31 25 |
43 25 |
|
| 152 | 2,292 | 2,444 |
| STAFF COST | S | |||
|---|---|---|---|---|
| The aggregate | payroll costs for the | year were as follows: | 2022 | 2021 |
| f'000 | f.'000 | |||
| Salaries and wages | 5,161 | 4,707 | ||
| Social security | costs | 465 | 421 | |
| Pension costs | 893 | 873 | ||
| 6,519 | 6,001 | |||
| Pension provision adjustment |
1,942 | (53) | ||
| 8,461 | 5,948 | |||
| The average number ofemployees |
ofthe College, excluding Trustees, was as follows: | 2022 | 2021 | |
| Tuition and research | 172 | 185 | ||
| College residential | 83 | 87 | ||
| Fundraising | 5 | 5 | ||
| Support | 19 | 17 | ||
| Total | 279 | 294 | ||
| The average | number ofFTEemployees ofthe College, excluding Trustees, was as | 2022 | 2021 | |
| follows: | ||||
| Tuition and research | 53 | 56 | ||
| College residential | 59 | 77 | ||
| Fundraising | 4 | 5 | ||
| Support | 19 | 15 | ||
| Total | 135 | 153 | ||
| The average number ofemployed | College Trustees during the year was as follows: | 2022 | 2021 | |
| University Lecturers |
16 | 19 | ||
| CUF Lecturers | 12 | 12 | ||
| Otherteaching | and research | 7 | 7 | |
| Other | 3 | 4 | ||
| Total | 38 | 42 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Freehold | Fixtures, | ||
| Group and College | Land and | Fittings and | |
| Buildings | Equipment | Total | |
| f'000 | f'000 | f'000 | |
| Cost | |||
| At start ofyear | 44,603 | 1,584 | 46,187 |
| Additions | 114 | 114 | |
| At end ofyear | 44,603 | 1,698 | 46,301 |
| Depreciation | |||
| At start ofyear | 11,046 | 1,303 | 12,349 |
| Charge forthe year At end ofyear |
11,931 885 |
1,425 122 |
13,356 1,007 |
| Net book value | |||
| At end ofyear | 32,672 | 273 | 32,945 |
| At start ofyear | 33557 | 281 | 33838 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Group and College | Total | Total | ||
| f'000 | f'000 | |||
| Valuation | at start | ofyear | 4,583 | 4,683 |
| Disposals | (656) | |||
| Additions | and improvements | 312 | ||
| Revaluation gains |
in the year | 250 | 244 | |
| Valuation | at end | ofyear | 4,833 | 4,583 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Group and College | 6'000 | 8'000 | |||||
| Valuation at start ofyear |
46,983 | 39,592 | |||||
| Increase/(decrease) | in value of investments | (567) | 7,391 | ||||
| Valuation at end | ofyear | 48,418 | 46,983 | ||||
| Group and College | investments | comprise: | Held outside | Held in the | 2022 | 2021 | |
| the UK | UK | Total | Total | ||||
| P000 | P000 | 6'000 | E'000 | ||||
| Global multi-asset | funds | 44,816 | 1,600 | 46,416 | 46,983 |
| Worcester College | Worcester College | 2022 6'000 |
2021 P000 |
|---|---|---|---|
| Income | 18,165 | 12,816 | |
| Expenditure | (15,117) | (13,119) | |
| Gains/(losses) | 313 | 7,635 | |
| Resultforthe | year | 2,735 | 7,332 |
| Total assets | 101,827 | 97,207 | |
| Total liabilities | |||
| Net funds at the end ofyear | 97,073 | 94339 |
| Worcester College | 2022 | 2021 |
|---|---|---|
| Enterprises Limited |
6'000 | P000 |
| 455 | 11 | |
| Expenditure | (191) | (10) |
| Result for the year | 284 | 1 |
| Donation to College (gift aid) | 264 | 212 |
| 211 | ||
| Total assets | 720 | 107 |
| 720 | 107 | |
| Net funds at the end ofyear |
| The Trustees have adopted a duly authorised policy oftotal return accounting for the College investment returns, with eilect from November 2003.The investment return, to be applied as income, is catcufated as up to45%ofthe brought forward values ofths relevant investments. The preserved (frozen) value ofthe invested endewment capital rspmsents ils open market value in 1992,except where the original donabon can be identified, together with the original gilt value ofall subsequent endowments |
The Trustees have adopted a duly authorised policy oftotal return accounting for the College investment returns, with eilect from November 2003.The investment return, to be applied as income, is catcufated as up to45%ofthe brought forward values ofths relevant investments. The preserved (frozen) value ofthe invested endewment capital rspmsents ils open market value in 1992,except where the original donabon can be identified, together with the original gilt value ofall subsequent endowments |
The Trustees have adopted a duly authorised policy oftotal return accounting for the College investment returns, with eilect from November 2003.The investment return, to be applied as income, is catcufated as up to45%ofthe brought forward values ofths relevant investments. The preserved (frozen) value ofthe invested endewment capital rspmsents ils open market value in 1992,except where the original donabon can be identified, together with the original gilt value ofall subsequent endowments |
The Trustees have adopted a duly authorised policy oftotal return accounting for the College investment returns, with eilect from November 2003.The investment return, to be applied as income, is catcufated as up to45%ofthe brought forward values ofths relevant investments. The preserved (frozen) value ofthe invested endewment capital rspmsents ils open market value in 1992,except where the original donabon can be identified, together with the original gilt value ofall subsequent endowments |
The Trustees have adopted a duly authorised policy oftotal return accounting for the College investment returns, with eilect from November 2003.The investment return, to be applied as income, is catcufated as up to45%ofthe brought forward values ofths relevant investments. The preserved (frozen) value ofthe invested endewment capital rspmsents ils open market value in 1992,except where the original donabon can be identified, together with the original gilt value ofall subsequent endowments |
The Trustees have adopted a duly authorised policy oftotal return accounting for the College investment returns, with eilect from November 2003.The investment return, to be applied as income, is catcufated as up to45%ofthe brought forward values ofths relevant investments. The preserved (frozen) value ofthe invested endewment capital rspmsents ils open market value in 1992,except where the original donabon can be identified, together with the original gilt value ofall subsequent endowments |
The Trustees have adopted a duly authorised policy oftotal return accounting for the College investment returns, with eilect from November 2003.The investment return, to be applied as income, is catcufated as up to45%ofthe brought forward values ofths relevant investments. The preserved (frozen) value ofthe invested endewment capital rspmsents ils open market value in 1992,except where the original donabon can be identified, together with the original gilt value ofall subsequent endowments |
The Trustees have adopted a duly authorised policy oftotal return accounting for the College investment returns, with eilect from November 2003.The investment return, to be applied as income, is catcufated as up to45%ofthe brought forward values ofths relevant investments. The preserved (frozen) value ofthe invested endewment capital rspmsents ils open market value in 1992,except where the original donabon can be identified, together with the original gilt value ofall subsequent endowments |
The Trustees have adopted a duly authorised policy oftotal return accounting for the College investment returns, with eilect from November 2003.The investment return, to be applied as income, is catcufated as up to45%ofthe brought forward values ofths relevant investments. The preserved (frozen) value ofthe invested endewment capital rspmsents ils open market value in 1992,except where the original donabon can be identified, together with the original gilt value ofall subsequent endowments |
The Trustees have adopted a duly authorised policy oftotal return accounting for the College investment returns, with eilect from November 2003.The investment return, to be applied as income, is catcufated as up to45%ofthe brought forward values ofths relevant investments. The preserved (frozen) value ofthe invested endewment capital rspmsents ils open market value in 1992,except where the original donabon can be identified, together with the original gilt value ofall subsequent endowments |
The Trustees have adopted a duly authorised policy oftotal return accounting for the College investment returns, with eilect from November 2003.The investment return, to be applied as income, is catcufated as up to45%ofthe brought forward values ofths relevant investments. The preserved (frozen) value ofthe invested endewment capital rspmsents ils open market value in 1992,except where the original donabon can be identified, together with the original gilt value ofall subsequent endowments |
|---|---|---|---|---|---|---|---|---|---|---|
| Permanent | Endowment | Expendable | Total | |||||||
| Trust for | Unapplied | Total | Endowment | 2022 | ||||||
| Investment Total Return |
||||||||||
| F'000 | Eocc | 8000 | 8'000 | 6'000 | ||||||
| At the beginning ofthe year: | ||||||||||
| Gift component ofths permanent endowment |
16,071 | - | 16,071 | 16,071 | ||||||
| Unapplied total return |
9,831 | 9,831 | 9,831 | |||||||
| Expendable endowment |
27,593 | 27,593 | ||||||||
| Total Endowments | 16,071 | 9,831 | 25,902 | 27,593 | 53,495 | |||||
| Movements in the reporting period: |
||||||||||
| GIRofendowment funds |
7,069 | - | 7,069 | 48 | 7,117 | |||||
| Investment return: total investment income |
843 | 843 | 899 | 1,742 | ||||||
| Investment return: realised and unrealised Other transfers |
gains and losses | (275) | (275) | (288) | (563) | |||||
| Total | 7,069 | 568 | 7,637 | 659 | 8,296 | |||||
| Unapplied total return allocated to income |
in | the reporting | period | (675) | (675) | - | (675) | |||
| Expendable endowments transferred to income Nst movements in reporting period |
7,069 | (107) | 6,962 | (1,523) (864) |
(1,523) 6,098 |
|||||
| At end ofthe reporting period: |
||||||||||
| GIR component ofthe permanent endowment |
23,140 | - | 23,140 | 23,140 | ||||||
| Unapplied total return |
9,724 | 9,724 | 9,724 | |||||||
| Expendable endowment |
26,729 | 26,729 | ||||||||
| Total Endowments | 23,140 | 9,724 | 32,864 | 28,729 | 59,593 |
| 14 | STATEMENT OF INVESTMENT | T | OT | AL | RETURN (conti | nued) | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Permanent | Endowment | Expendable | Total | |||||||||
| Trust for | UnaPPlied | Tr&tal | Endowment | 2021 | ||||||||
| Investment Total Return |
||||||||||||
| E'000 | Eocc | EOOO | E'000 | E'000 | ||||||||
| At the beginning ofthe year: |
||||||||||||
| Gift component ofthe permanent |
endowment | 16,060 | - | 16,060 | 16,060 | |||||||
| Unapplied total return |
6,273 | 6,273 | 6,273 | |||||||||
| Expendable endowment |
0 | 25,991 | 25,991 | |||||||||
| Total Endowments | 16,060 | 6,273 | 22,333 | 25,991 | 48,324 | |||||||
| Movements in the reporting pedod: |
||||||||||||
| Gift ofendowment funds |
11 | - | 11 | 438 | 449 | |||||||
| Investment return: total investment |
income | 754 | 754 | 876 | 1,630 | |||||||
| Investment return: realised and unrealised |
gains and losses | 3,416 | 3,416 | 3,975 | 7,391 | |||||||
| Other transfem | ||||||||||||
| Total | 11 | 4,170 | 4,181 | 5,289 | 9,470 | |||||||
| Unapplied total return allocated to |
income | in the reporting | period | (612) | (612) | (612) | ||||||
| Expendable endowments transferred |
to income | (3,687) | (3,687) | |||||||||
| Net movements in reporting period |
11 | 3,558 | 3,569 | 1,602 | 5,171 | |||||||
| At end ofthe reporting period: |
||||||||||||
| GIR component ofthe permanent |
endowment | 16,071 | - | 16,071 | 16,071 | |||||||
| Unapplied total return Expendable endowment |
9,831 | 9,831 | 27,593 | 9,831 27,593 |
||||||||
| Total Endowments | 16,071 | 9,831 | 25,902 | 27,593 | 53,495 | |||||||
| 15 | DEBTORS:falling due within one year | 2022 | 2021 | 2022 | 2021 | |||||||
| Group E'000 |
Group E'000 |
College E'000 |
College E'000 |
|||||||||
| Trade debtors | 244 | 86 | 76 | 76 | ||||||||
| Amounts owed by College members Amounts owed by Group undertakings Loans repayable within one year Prepayments and accrued income |
6 8,221 |
172 4 720 |
508 6 8,221 |
172 13 4 712 |
||||||||
| Other debtors | 20 | 20 | ||||||||||
| 8,471 | 1,002 | 8,811 | 997 | |||||||||
| 18 | CREDITORS: falling due within | one year | 2022 | 2021 | 2022 | 2021 | ||||||
| Group | Group | College | College | |||||||||
| E'000 | E'000 | E'000 | E'000 | |||||||||
| Trade creditors | 472 | 382 | 472 | 376 | ||||||||
| Amounts owed to College Members Taxation and social security Accruals and deferred income |
230 293 74 |
416 131 265 |
230 292 74 |
416 131 262 |
||||||||
| Other creditors | 354 | 228 | 205 | 144 | ||||||||
| 1,423 | 1,422 | 1,213 | 1329 |
| to eligible expenditure is transfer expenditure is spent. |
red from the |
permanent e |
ndowment fund |
to restricted | funds from wh |
ich eligible |
|---|---|---|---|---|---|---|
| Endowment Funds |
At 31 July 2021 5'000 |
Incoming Resources 5'000 |
Resoumes Expended F.'000 |
Gains I (Losses) F'000 |
Transfers 5'000 |
At 31July 2022 6'000 |
| Permanent | ||||||
| Fellowships Research Support Scholarships |
16,606 1,217 2,799 |
7,550 40 147 |
(176) (13) (30) |
(453) (2) (118) |
23,725 1,242 2,798 |
|
| Studentships Donated Collection Library &Book Conservation The Mamott Trust Other Funds |
1,280 1,484 565 1,026 725 |
42 48 18 33 36 |
(14) (16) (6) (11) (6) |
(45) (3) (13) (10) (34) |
1,283 1,513 564 1,038 719 |
|
| Expendable | ||||||
| General Fund |
7,919 | 258 | (84) | (1,063) | 7,030 | |
| Fellowships | 8,931 | 293 | (95) | (311) | 8,818 | |
| Visiting Fellows Gardens and Grounds |
2,055 1,464 |
67 93 |
(22) (16) |
(30) 1 |
2,070 1,542 |
|
| Student Bursaries &Grants | 2,455 | 80 | (26) | (79) | 2,430 | |
| Teaching Fund Other Funds |
794 3975 |
27 128 |
(8) ~36 |
~39 | 813 4028 |
|
| Total Endowment Funds |
53,495 | 8,660 | (563) | (2,199) | 59,593 | |
| Restricted Funds | ||||||
| Fellowships Research Support |
(763) (2) |
763 2 |
||||
| Scholarships | (116) | 116 | ||||
| Studentships | (45) | 45 | ||||
| Donated Collection Library &Book Conservation The Marriott Trust |
(4) (13) (10) |
4 13 10 |
||||
| Visiting Fellows | (30) | 30 | ||||
| Student Bursaries &Grants | (34) | 34 | ||||
| Teaching Fund |
(3) | 26 | 25 | |||
| The Fabric Fund Other Funds Total Restricted Funds |
1,499 1 690 3,189 |
250 439 689 |
(1,064) ~543 (2,627) |
(186) 81 940 |
499 1,667 2,191 |
|
| Unrestricted Funds |
||||||
| General Reserve | 858 | 8,162 | (9,352) | 1,523 | 1,191 | |
| Fixed Assets Designated | 33,753 | (1,007) | 32,746 | |||
| Designated Reserves |
4,583 | 250 | 4,833 | |||
| Pension Reserve Subsidiary |
(1,539) | 455 | (1,942) ~191 |
~264 | (3,481) | |
| Total Unrestricted Funds |
37,655 | 8,617 | (12,492) | 250 | 1,259 | 35,289 |
| Total Funds | 94,339 | 18,186 | (15,119) | (313) | 97,073 |
| Endowment Funds |
At 31 July | Incoming | Resoumes | Gains I | Transfers | At 31 July | |
|---|---|---|---|---|---|---|---|
| 2020 8'000 |
Resources 5'000 |
Expended 2'000 |
(Losses) 5'000 |
L'000 | 2021 F'000 |
||
| Permanent | |||||||
| Fellowships | 14,562 | 494 | 2,227 | (477) | 16,806 | ||
| Research Support | 1,025 | 35 | 157 | 0 | 1,217 | ||
| Scholarships | 2,405 | 81 | 368 | (55) | 2,799 | ||
| Studentships | 1,104 | 37 | 169 | (30) | 1,280 | ||
| Donated Collection |
1,252 | 42 | 192 | (2) | 1,484 | ||
| Library 8 Book Conservation | 486 | 16 | 74 | (11) | 565 | ||
| The Marriott Trust | 872 | 29 | 133 | (8) | 1,026 | ||
| Other Funds | 626 | 32 | 96 | (29) | 725 | ||
| Expendable GeneralFund |
8,008 | 270 | 1,225 | (1,584) | 7,919 | ||
| Fellowships | 7,734 | 264 | 1,183 | (250) | 8,931 | ||
| Visiting Fellows | 1,701 | 57 | 260 | 37 | 2,055 | ||
| Gardens and Grounds |
1,243 | 55 | 190 | (24) | 1,464 | ||
| Student Bursaries | &Grants | 2,107 | 71 | 322 | (45) | 2,455 | |
| Teaching Fund The Fabric Fund Other Funds |
668 1,511 3020 |
25 52 519 |
102 231 462 |
(1) (1,794) ~26 |
794 0 3,975 |
||
| Total Endowment Funds |
48,324 | 2,079 | 7,391 | (4,299) | 53,495 | ||
| Restricted Funds | |||||||
| Fellowships | (679) | 679 | |||||
| Research Support Scholarships |
(0) (53) |
0 53 |
|||||
| Studentships Donated Collection |
(30) (3) |
30 3 |
|||||
| Library &Book Conservation | (11) | 11 | |||||
| The Marriott Trust | (8) | 8 | |||||
| Visiting Fellows | (11) | 11 | |||||
| Student Bursaries | 8 Grants | (30) | 30 | ||||
| Teaching Fund |
(1) | 1 | |||||
| The Fabric Fund Other Funds |
1 586 | 1,500 528 |
(3,019) ~489 |
3,018 65 |
1,499 1 690 |
||
| Total Restricted Funds | 1,586 | 2,028 | (4,334) | 3,909 | 3,189 | ||
| Unrestricted Funds |
|||||||
| General Reserve | (808) | 8,497 | (7,777) | 946 | 858 | ||
| Fixed Assets Designated | 34,803 | (1,050) | 33,753 | ||||
| Designated Reserves Pension Reserve Subsidiary |
4,683 (1,581) 211 |
11 | 42 ~10 |
244 | (344) ~212 |
4,583 (1,539) |
|
| Total Unrestricted | Funds | 37,308 | 8,508 | (8,795) | 244 | 390 | 37,655 |
| Total Funds | 87,218 | 12,615 | (13,129) | 7,635 | 94,339 |
| The following is a summary ofthe origins and purposes ofeach ofthe Funds. Permanent Endowment Funds |
||
|---|---|---|
| Fellowships: A total of14funds where income, but not capital, is used to support fellowships. |
||
| Research Support: A donation where income, but not capital, is used to support research. |
||
| Scholarships: A total of8funds where income, but not capital, is spent on student scholarships. |
||
| Studentships: A donation where income, but not capital, is spent on studentships in a named subject area. |
||
| Donated Collection: A bequest where income, but not capital, can be used to conserve a donated collection. | ||
| Library and book conservation: Donations and bequests where income, but not capital, can be used to support book conservation and preserve the Old Library. |
||
| The Marriott Trust: Adonation where income, but not capital, can be used tosupport the education ofthe children ofthe clergy. |
||
| Other Funds: Donations and bequests where income, but not capital, can be used for general purposes. |
||
| Expendable Endowment Funds |
||
| General Fund: A consolidation ofbenefactions and donations where either income, or income and capital, can be used for the general purposes ofthe College. |
||
| Fellowships: A total of5funds where the income and capital can be applied to support named conjunction with the University ofOxford. |
Fellowships | in |
| Visiting Fellows: A donation where the income and capital can be applied to support visiting fellows. |
||
| Gardens and Grounds: A consolidation ofbenefactions and donations where either income, or |
income and | |
| capital, can be used for expenses relating to the upkeep ofthe gardens and grounds. |
||
| Student Bursaries and Grants: A consolidation ofbenefactions and donations where either income, or income |
||
| and capital, can be used for student bursaries and scholarship grants. |
||
| Teaching Fund: Aconsolidation ofbenefactions and donations where either income, or income can be used to support teaching. |
and capital, | |
| Other Funds: A diverse group ofdonations and bequests where either income, or income and capital, can be used for specific purposes including support for fellowships and students. |
||
| Restricted Funds | ||
| Fellowships: Income used to support named tutorial and research fellowships. |
||
| Research Support: Income used to support research in a named subject area. |
||
| Scholarships: Income that can be spent on student scholarships. |
||
| Studentships: Income that can be spent on studentships in a named subject area. |
||
| Donated Collection: Income used to conserve adonated collection. | ||
| Library &Book Conservation: Income used to support book conservation and preserve the Old Library. |
||
| The Mardiott Trust: Income used to support the education ofthe children ofthe clergy. |
||
| Visiting Fellows: Income used to support visiting fellows. |
||
| Student Bursaries and Grants: Income that can be used for student bursaries and scholarship |
grants. | |
| Teaching Fund: Income used to support teaching. | ||
| The Fabric Fund: Income that can be used for the maintenance ofhistoric buildings. |
||
| Other Funds: A diverse group of income and donations to support student activities, fellowships, |
research, the | |
| Library, archives, upkeep ofthe gardens and maintenance projects. |
| ANALYSIS OF NET ASSETS B | ETWEEN FUNDS | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | 2022 | ||
| Funds | Funds | Funds | Total | ||
| F'000 | 6'000 | L'000 | 8'000 | ||
| Tangible fixed assets | 32,945 | 32,945 | |||
| Property investments | 4,833 | 4,833 | |||
| Securities and other investments | 46,416 | 46,416 | |||
| Net current assets | 992 | 2,191 | 13,177 | 16,360 | |
| Defined benefit pension scheme | liability | (3,481) | (3,481) | ||
| 35 239 | 2,191 | 59593 | 97,373 | ||
| Unrestricted | Restricted | Endowment | 2021 | ||
| Funds | Funds | Funds | Total | ||
| 8'000 | F'000 | f.'000 | F.'000 | ||
| Tangible fixed assets | 33,753 | 85 | 33,838 | ||
| Property investments |
4,583 | 4,583 | |||
| Securities and other investments | 46,983 | 46,983 | |||
| Net current assets | 858 | 3,104 | 6,512 | 10,474 | |
| Defined benefit pension scheme | liability | (1,539) | (1,539) | ||
| 37 355 | 3,189 | 53,495 | 94,339 |
| TRUSTEES' REMUNERA | TION (continued) |
||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Number ot | Gross | Number of | Gross | ||
| Trustees | Remuneration | Trustees | Remuneration | ||
| E5,000 —E5,999 | 1 | 5,258 | |||
| B!,000 - BI,999 | 8,343 | ||||
| Bl,ooo - BI,DDD | 9,197 | ||||
| E10,000 - 210,999 | 10,738 | ||||
| E11,000 - E11,999 | 23,511 | ||||
| E12,000 —f12,999 | 12,087 | ||||
| 213,000 - f13,999 | 13,245 | ||||
| E14,0DO —214,999 | 14,638 | 14,524 | |||
| f15,000 -E15,999 | 30.424 | ||||
| E16,000 —f15,999 | 32,918 | ||||
| 217,000-217999 | 17,113 | ||||
| f18,000 - f18,999 | 18,178 | ||||
| E22,000 - f22,999 | 22,3'74 | ||||
| 223,000 -f23,999 | 23,260 | ||||
| f24,DDD - f24,999 | 121,744 | ||||
| 225,000 —f25,999 | 128,880 | 76,5O3 | |||
| 226,000 —E26,999 | 52,546 | ||||
| 827,000 - E27,999 | 27.243 | 54,544 | |||
| E28,0DO -228,999 | 85,109 | ||||
| E32,000 - E32,999 | 32,978 | ||||
| E33,000 - 233,999 | 33,938 | ||||
| f34,000 - 234,999 | 34,720 | 34,220 | |||
| E35,000 - 235,999 | 35.056 | ||||
| E37,000 - f37,999 | 37,751 | ||||
| f39,000 - 239,999 | 39,035 | ||||
| 242,000 - 742,000 | 85,564 | ||||
| 246,000 - 246,999 | 46,475 | 92,726 | |||
| 247,000 —247,999 | 47,277 | ||||
| 249,000 —249,999 | 49,110 | ||||
| f50,000 —E50,999 | 50,839 | 50,379 | |||
| 851,000 - E51,999 | 102,040 | ||||
| E53,000 - E53,999 | 53,317 | ||||
| f55,000 - E55,999 | 111,355 | 55,568 | |||
| 256,000 - f56,999 | 56,472 | ||||
| f58,000 - f58,999 | 58,764 | ||||
| f59,000 —E59,999 | 59.5D1 | ||||
| Bio,ooo - 260,999 | 182,089 | ||||
| E81,000 - 261,999 | 61,441 | ||||
| 263,000 -E63,999 | 63,950 | ||||
| E65,000 - f65,999 | 85,077 | ||||
| BI6,000 - E66,999 | 133,881 | 66,966 | |||
| f67,000 —767,999 | 67,460 | 67,104 | |||
| Bi8,000 - BI8,999 | 136,915 | 68,971 | |||
| BI9,000 - E69,999 | 8$,993 | ||||
| 770,000-E70,999 | 70,034 | ||||
| E87,000 - B!7,999 | 87,020 | ||||
| E95,000 —295,999 | 95,001 | ||||
| 7101,000 - f101,999 | 101,427 | ||||
| 2105,000 —f105,999 5136,000 - f136,999 |
tl,t75 | 105,494 | |||
| 1,776,787 | 45 | 1,771,571 |