Corpus Christi College OXFORD Report Financial Statements Year Ended 31 July 2021 Charity Registration Number. 1143714 ## |TABLEOF CONTENTS|||||| |---|---|---|---|---|---| |MEMBERS OFTHE GOVERNING BODY|||||3| |COLLEGE COMMITTEE STRUCTURE|||||4| |EXTERNAL COMMITTEE MEMBERS|||||| |COLLEGE SENIOR STAFF|||||5| |COLLEGE ADVISERS|||||| |ANNUAL REPORT FORTHE YEAR ENDED 31JULY2021|||||7| |REFERENCE AND ADMINISTRATIVE||INFORMATION|||7| |College address|||||7| |STRUCTURE, GOVERNANCE|AND MANAGEMENT||||7| |Governing
documents|||||7| |Governing
Body|||||7| |Recruitment
and training|ofMembers ofthe||Governing|Body|8| |Remuneration
ofMembers|ofthe Governing||Body||8| |Organizational
management|||||8| |Governance|||||9| |Group structure
and relationships|||||9| |OBJECTIVESAND ACTIVITIES|||||11| |Charitable
Objects and Aims|||||11| |Activities and Objectives ofthe College|||||11| |Public benefit|||||12| |ANNUAL REVIEW OFACHIEVEMENTS||AND PERFORMANCE|||13| |President's
Perspective|||||13| |Academic Performance|||||14| |Outreach and Admissions|||||15| |Domestic Bursar's Report|||||17| |Development|||||18| |Risk Management|||||18| |FINANCIAL REVIEW|||||20| |Endowment
Performance|Context||||20| |Investment
Performance
Review 2020/2021|||||20| |Portfolio Initiatives|||||21| |Environmental,
Social and|Governance
(ESG)||||22| |Outlook|||||23| |STATEMENT OFACCOUNTING|AND REPORTING RESPONSIBILITIES||||24| |REPORT OFTHE AUDITORS|||||25| |STATEMENT OFACCOUNTING|POLICIES||||28| |FINANCIAL STATEMENTS FOR THE YEAR ENDED 31JULY2021|||||34| |Prof Colin Akerman||2008| |---|---|---| |Prof David Armstrong||2017| |Prof Alastair Buchan||2009| |Prof Giovanni
Capoccia||2003| |Dr Paul Dellar||2007| |Prof James Duff||2016| |Prof Marion Durand||2019| |Dr Matthew
Dyson||2016| |Prof Jas' Elsner||2000| |Prof Liz Fisher||2000| |Prof Andrew
Fowler||1985| |Prof Nicole Grobert||2012| |Prof Constanze
Guthenke||2014| |Prof Stephen
Harrison||1987| |Prof Peter Hore||1983| |Prof Marek Jankowiak||2018| |Prof Michael Johnston||2002| |Prof Hans Kraus||1996| |MsLizL
le||January 2021| |Revd Canon Dr Judith|Maltb|1993| |Prof Michael
Martin||2018| |Dr Neil McLynn||2007| |Prof Jeff McMahan||2014| |Mr Nicholas
Melhuish||2018| |Dr Helen Moore||1996| |Prof Robin Murphy||2009| |Prof Peter Nellist||2006| |Prof Judith Olszowy-Schlanger||2018| |Prof Pier Palamara||2017| |Prof Katherine
Paugh||2017| |Prof Tobias Reinhardt||2008| |Mr Andrew
Rolfe||2014| |Prof David Russell||2015| |Prof Mark Sansom||2011| |Prof Kathryn Stevens||September 2020| |Prof Pawel Swietach||2010| |Prof John Watts||1997| |Dr Mark Wormald'||2000| |Prof Mark Wrathall||2017| ## |Investment|Investment|Nlana|Nlana|ers|Oxford University|Oxford University|Oxford University|Endowment|Management| |---|---|---|---|---|---|---|---|---|---| ||||||(OUem)||||| ||||||King Charles||House||| ||||||Park End Street||||| ||||||Oxford||||| ||||||OX1 1JD||||| |Pro ert|Mana||er||Bidwells||||| ||||||Seacourt Tower||||| ||||||West Way||||| ||||||Oxford||||| ||||||OX2 OJJ||||| |Auditor|||||Critchleys
Audit LLP||||| ||||||Beaver House||||| ||||||23-38 Hythe|Bridge Street|||| ||||||Oxford||||| ||||||OX1 2EP||||| |Bankers|||||Royal Bank|ofScotland|||| ||||||Drummond|House||(EW) Branch|| ||||||Drummond|House|||| ||||||1 Redheughs||Avenue||| ||||||Edinburgh||||| ||||||EH12 9JN||||| |Le al Advisers|||||Farrer &Co||||| ||||||66 Lincoln's|Inn Fields|||| ||||||London||||| ||||||WC2A 3LH||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Asset Class|Asset Class||Target|Exposure|Max Range|Min Range| |---|---|---|---|---|---|---| |to 30/6/202/'||||||| |Equities|||60'/o|64'/a|65'/o|45'/o| |Public|||40'/o|42'/o|50o/a|20'/o| |Private|||20a/o|22 /a|30o/o|0'/o| |Absolute|Return|&Credit|15o/a|8o/a|25o/o|15o/o| |Property|||35'/o|33'/o|40'/o|30'/o| |Cash (net|ofborrowings)||15o/o|15o/o|0'/o|10o/| |Total|||100'/o|100'/o|n/a|n/a| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Endowed|2021|2020| |---|---|---|---|---|---|---|---| ||||Funds|Funds|Funds|Total|Total| |||Notes|2'000|2'000|2'000|6'000|2'000| |INCOME AND ENDOWMENTS|FROM:||||||| |Charitable
activities:|||||||| |Teaching, research and residential|||3,411|||3,411|3,522| |Donations and legacies
Investments|||301||441|1,127|5,848| |Investment
income||3|||1,745|1,745|1,782| |Total return
allocated to income||13|5,129||(5,129)||| |Other income||4|285|||285|346| |Total income|||9,126|385|(2&943)|6,568|11,298| |EXPENDITURE ON:|||||||| |Charitable
activities:|||||||| |Teaching, research and residential|||7,771|86||7,857|8,421| |Generating
funds:|||||||| |Fundraising|||218|||218|341| |Trading expenditure|||||||| |Investment
management|costs||||1,335|1,335|1,349| |Total Expenditure|||7,989|86|1,335|9,410|10,111| |Net Income/(Expenditure)
before gains|||1,137|299|(4,278)|(2,842)|1,187| |Net gains/(losses)
on investments||11,12|212||32,375|32,587|2,098| |Net Income/(Expenditure)|||1,349|299|28,097|29,745|3,2&5| |Transfers between funds||17|||||| |Other recognised gains/losses|||||||| |Gains/posses)
on revaluation|offixed assets||||||| |Actuarial gains/(losses)
on defined benefit pension schemes|||||||| |Net movement
In funds forthe|year||1,349|299|28,097|29,745|3,285| |Fund balances
brought
forward||17|18,151|6,547|166,841|19'I,539|188,254| |Funds carried forward at 31July|||19,500||194,938|221,284|191,539| ## ||||2021|2020| |---|---|---|---|---| |||Notes|6'000|5'000| |FIXEDASSETS||||| |Tangible assets||9|171177|16,142| |Heritage assets||10||| |Property investments||11|60,888|57,757| |Other Investments||12|174,956|143,817| |Total Fixed Assets|||253,021|217,716| |CURRENT ASSETS||||| |Stocks|||204|200| |Debtors||14|318|877| |Investments||||| |Cash at bank and in hand|||1,655|5,773| |Total Current Assets|||2I177|6,850| |LIABILITIES||||| |Creditors: Amounts|falling due within one year|15|1,759|1,378| |NET CURRENT ASSETSI(LIABILITIES)|||418|5,472| |TOTAL ASSETSLESS|CURRENT LIABILITIES||253,439|223,188| |CREDITORS: falling due after more than one year||16|31,000|30,000| |Provisions for liabilities|and charges|||| |NET ASSETSl(LIABILITIES) BEFOREPENSION ASSETOR LIABILITY|||222,439|193,188| |Defined benefit pension|scheme liability|21|1,155|1,649| |TOTAL NET ASSETSI(LIABILITIES)|||221,284|191,539| |FUNDS OFTHE COLLEGE||||| |Endowment
funds||17|194,938|166,841| |Restricted funds||'l7|6,846|6,547| |Unrestricted
funds||||| |Designated
funds||17|19,435|18,400| |General funds||17|1,220|1,400| |Pension reserve||21|(1,155)|(1,649)| ||||221,284|191,539| ## ## ||||||2021|2020| |---|---|---|---|---|---|---| |||||Notes|6'000|F'000| |Net cash provided
by (used in) operating|activities|||24|(3,159)|(916)| |Cash flows from investing
activities||||||| |Dividends,
interest and rents from investments|||||1,745|1,782| |Purchase ofproperty,
plant and equipment|||||(2,052)|(1,975)| |Proceeds from sale ofinvestments
Purchase ofinvestments
Net cash provided
by (used In) investing|activities||||20,764
(22,447)
~(4,990|20,788
~17.403)
3,102| |Cash flows from financing
activities||||||| |Receipt ofendowment||||||278| |Net cash provided
by (used in) financing|activities|||||276| |Change
in cash and cash equivalents
in the||reporting|period||(4,708)|2,462| |Cash and cash equivalents
atthe beginning||ofthe||||| |reporting
period|||||5,773|3,749| |Change
in cash and cash equivalents
due to||exchange||||| |rate movements||||||| |Cash and cash equivalents
at the end ofthe||reporting||||| |period||||25|1,655|8,211| ## ## ||2021|2020| |---|---|---| |Teaching, Research and Residential|E'000|E'000| |Unrestricted
funds||| |Tuition fees - UK and EU studenls|1,788|1,705| |Tuifion fees - Overseas students||| |Other fees|15|54| |Other HEFCE support|129|152| |Other academic income|84|68| |College residential
income
Total Teaching, Research and Restdential|1,395
3,411|1,543
3,522| |Total Income from charitable
activities|3,411|3,522| ## ||||2021|2020| |---|---|---|---|---| ||||E'000|E'000| |Donagons and Legacies||||| |Unrestricted
funds|||301|1| |Restricted funds|||385|5,371| |Endowed
funds|||441|276| ||||1127|5,648| |INVESTMENT INCOME||||| ||||2021|2020| ||||E'000|E'000| |Unresfricfed
funds||||| |Bank interest||||| |Other interest||||| |||||17| |Endowed funds||||| |Agricultural
rent|||563|616| |Commercial
rent|||829|756| |Other property income|||349|339| |Equitydividends|||4|54| |Income from lixed||interest stocks||| |Interest on fixed|term deposils and cash|||| |Other investment||income||| |Bank interest||||| |Other interest||||| ||||1,745|1,765| |Total Investment|income||1,745|1,782| |OTHER INCOME||||| ||||2021|2020| ||||E'000|E'000| |HMRC CJRS income|||285|| ## ## |5|ANALYSIS OF EXPENDITURE|ANALYSIS OF EXPENDITURE|||| |---|---|---|---|---|---| |||||2021|2020| |||||r.'000|5'000| ||Charitable
expenditure||||| ||Direct staff costs allocated|to:|||| ||Teaching, research and|residential||4,224|4,265| ||Other direct costs allocated|to:|||| ||Teaching, research and|residential||2,835|3,142| ||Support and governance
costs allocated||to:||| ||Teaching, research and residential|||798|1,014| ||Total charitable
expenditure|||7,857|8,42'I| ||Expenditure
on raising funds||||| ||Direct staff costs allocated to:||||| ||Fundraising|||170|252| ||Trading expenditure||||| ||Investment
management|costs|||| ||Other direct costs allocated|to;|||| ||Fundraising|||61|80| ||Trading expenditure||||| ||Investment
management|costs||536|| ||Private placement fees and interest|||798|| ||Support and governance
costs allocated||trx||| ||Fundraising
Trading eigmnditure|||(13)|| ||Investment
management|costs||1|| ||Total expenditure
on raising funds|||1,553|1,690| ||Totalexpenditure|||9,410|10,111| ||||2021|2020| |---|---|---|---|---| ||||Total|Total| |Induded|within the resources expended above are:||5'000|ET)00| |Stock recognised as an expense||in the year|(4)|| ## ## |||||||||||||||Teaching|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||Generating||and|2021| ||||||||||||||Funds|Research|Total| ||||||||||||||E'000|E'000|E'000| |Financial administration|||||||||||||10|483|493| |Domestic administration||||||||||||||32|32| |Human resources||||||||||||||17|17| |IT||||||||||||||254|254| |Deprectafion||||||||||||||427|427| |Loss/(profit) on fixed assets|||||||||||||||| |Other finance charges
Governance
costs|||||||||||||(24)
2|(470)
55|(494)
57| ||||||||||||||(12)|798|786| |||||||||||||||Teaching|| |||||||||||||Generating||snd|2020| ||||||||||||||Funds|Research|Total| ||||||||||||||E'000|E"000|F'000| |Financial administration|||||||||||||10|491|601| |Domesfic administrafion||||||||||||||31|31| |Human resources||||||||||||||17|17| |IT||||||||||||||249|249| |Depreciation||||||||||||||209|209| |Loss/(profit)
on fixed assets|||||||||||||||| |Other finance charges
Governance
costs|||||||||||||(3)
4|(52)
69|(65)
73| |||||||||||||||4|| |Financial and domestic|administration,||ITand human|||resources costs|sre attributed||according to|the estimated||staff time|spent on each activity.||| |Depreciation costs and|profit orloss on disposal||||offixed assets sre attributed|||according to the use made of|||the underlying||assets.||| |Interest and other finance charges are|||attributed||according tothe purpose of|||the related financing.|||||||| |Governance costs are allocated to the|||core|charitable||acbvity oftuition.|||||||||| |||||||||||||||2021|2020| |||||||||||||||E'000|E'000| |Governance costs comprise:|||||||||||||||| |Auditor's
remunerafion|-audit|services||||||||||||18|19| |Auditor's
remuneration|-other|services|||||||||||||| |Other governance
costs||||||||||||||39|54| |No amount has been included||in governance||costs for||the direct employment||costs|orreimbursed|expenses|of|the College|Fellows on|the basis that these|| |payments
relate to the Fefiows involvement
in the
induded asa separate note within these financia|||||Cofiege's charitable
statements.||activities. Details ofthe remuneration||||of|the Fellows|and their reimbursed
expenses||sre| ## ||||| |---|---|---|---| |GRANTS AND AWARDS||2021|2020| |||E1I00|E1IOO| |During the year the College funded research awards snd|||| |bursaries to students
from|its restricted and||| |unrestricted
fund as follows:|||| |Unrestricted
funds|||| |Grants to individuals:|||| |Scholarships,
prizes and grants||189|188| |Bursaries and hardship|awards|189|112| |Total unrestricted||378|300| |Total grants and awards||378|300| ## |8|STAFF COSTS||||||| |---|---|---|---|---|---|---|---| |||||||2021|2020| ||The aggregate
staff costs for the||year were as follows.|||E'000|E'000| ||Salaries and wages
Social security costs|||||3,613
329|4,204
362| ||Pension costs:||||||| ||Detined benefit schemes - contributions
in year
Defined benefit schemes - movement
in provision|||||1,078
(494)|663
(55)| |||||||4,626|5,174| ||The average number of|employees ofthe||College, excluding|Trustees,||| ||on a full time equivalent|basis was as follows.||||2021|2020| ||Tuition and research|||||4|4| ||College residential|||||57|56| ||Fund raising||||||1| ||Support|||||12|12| ||Total|||||74|73| ||The average number of|employed|College|Trustees during the year was as follows.|||| ||University
Lecturers|||||16|15| ||CUF Lecturers|||||8|7| ||Other teaching and research|||||3|5| ||Other|||||6|5| ||Total|||||32|32| ## ## ## ## ## ## |DEBTORS|||| |---|---|---|---| |||2021|2020| |||E'000|E'000| |Amounts
faIling due within one year:|||| |Trade debtors||157|274| |Amounts
owed by College members||32|4| |Amounts
owed by Group undertakings|||| |Loans repayable
within one year||9|4| |Prepayments|and accrued income|48|450| |Other debtors||59|128| |Amounts
falling due after more than one year:|||| |Loans||13|17| |||318|| |CREDITORS:|faIling due within one year||| |||2021|2020| |||E'000|E'000| |Trade creditors||673|319| |Amounts
owed|toCollege Members||| |Amounts
owed|to Group undertakings|64|69| |Taxa5on and social security||125|90| |College contribu5on|||112| |Accruals and deferred income||741|690| |Other creditors||156|98| |||1,759|1,378| |CREDITORS: falling due after more than one year|||| |||2021|2020| |||E'000|E'000| |Bank krans||1,000|| |Other creditors||30,000|30,000| |||31,000|30,000| ## |ANALYSIS OF laOVE5IIENTS ON FUNDS|ANALYSIS OF laOVE5IIENTS ON FUNDS|||||||| |---|---|---|---|---|---|---|---|---| ||||At 1 August
2020|Incoming
resources|Resources
expended|Transfers|Gains/
(losses)|At31July
2021| ||||r.'000|6'000|5'000|6'000|L'000|2'000| |Endowment
Funds
~Permanent||||||||| |General purpose funds|||117,837|1,395|(1,165)|(3,756)|23,083|137,394| |Fellowship
funds
Junior Research Fellowship
funds
Fabric and building
funds
Student support funds
Other teaching
funds
Library funds
Other purpose
funds|||5,482
1,526
5,208
3,617
410
56
118|88||(166)
(43)
(215)
(90)
(1?)
(2)|1,263
104
1,264
765
99
'l4
23|6,667
1,589
6,257
4,292
492
68
14?| |Clubs funds
Pate fund|||247
14,094||(170)|(8)
(179)|60
1,656|299
15,750| |Endowment
Funds - Expendable||||||||| |General purpose
funds
Fellowship
&JRFfunds
Student supportfunds
Other teaching
funds|||11,731
2,385
3,379
193|1
231
1'l6||(381)
(119)
(122)
(6)|2,859
484
521
46|14,210
2,981
3,894
231| |Library funds|||526|||(22)|128|632| |Other purpose funds
Total Endowment
Funds|- College||30
166,841|2,186|~7,335|(1)
~5,129|6
32,375|35
183838| |Restricted Funds||||||||| |Transfers
from specific purpose endowments||for||||||| |spending||||||||| |Special Collections Centre fund
Teaching end research funds|||6,128
166|200
81|(?)
(41)|||6,321
206| |Student supportfunds|||253|73|(37)|||289| |Other purpose funds
Total Restricted Funds -|College||6,547|31
385|(1)
~86|||30
8,846| |Unrestricted
Funds||||||||| |General
Special Collections Centre|fund||1,400
2,258|3,997|(8,483)|4,094|212|1,220
2,258| |Designated
properly project funds||||||||| |Fixed asset designated
fund|||16,142|||1,035||17,177| |Pension resenre
Total Unrestricted
Funds|~College||(1,649)
18,151|3.997|494
~7,989|5,129|212|(1,155)
19,500| |Total Funds|||191,539|6,568|(9,410)||32,587|221,284| ## ## |The following
is a|summary|summary|ofthe origins|and purposes|and purposes||ofeach ofthe Funds||| |---|---|---|---|---|---|---|---|---|---| |EndowmentFunds|-Permanent:||||||||| |General purpose funds|||||||A consolidation
ofgitts and donations|where income, but not capital, can|be used for the general| ||||||||purposes ofthe charity.||| |Fellowship,
Junior Research Fellowship,
building,
Student support,
Other leaching,||||Fabric and
Librar)r, Clubs|||Capital balance ofpast donations
where related income, but not the original capital, can be used for
named specific purposes.||| |and Other purpose|funds||||||||| |Pate l'und|||||||Capital balance ofthe Pate Charity, a|fund that was previously
an exempt|charity, snd is now in the| ||||||||process ofbeing registered
with the Charity Commission asa constituent||charity with the College. 75%| ||||||||otthe net total return
drawdown
arising from the fund is payable to Pate's||Grammar
School Foundabon.| ||||||||The remaining
25%ofthe net total return
drawdown
is avafisble for the general purposes ofthe College||| ||||||||and hence is allocated to unrestricted|funds.|| |EndowmentFunds|-Expendable:||||||||| |Generalpurposefunds|||||||A consolidsfion
ofgifts snd donations|where either income, or income and|capital, can be used for the| ||||||||general purposes ofthe charity.||| |Fellowship.
Student support,
Other purpose funds|||Other teaching,||Library and||Capitai balance ofpast donafions when. related income, or income and capital, can be used for named
specific purposes.||| |Restricted Funds:|||||||||| |Special Collections|Centre I'und||||||Funds that must be applied tospedfic|fixed asset projects.|| |Teaching and research, student support and
purpose funds|||||other||Funds where both income and capital|can be used for named restricted purposes.|| |Designated
Funds|||||||||| |Special'Collections|Cenlre|fund|||||Unrestricted
Funds allocated
by the Trustees for the 2017building
fund.||| |Fixed asset designated
fund|||||||Unrestricted
Funds which are represented
by the fixed assets ofthe Cofiege snd therefore not available||| ||||||||for expenditure
on the College's general purposes.||| |The General Unrestricted
||Funds represent||accumulated||income from the College's acfivities and||other soutces that are avafiable for|the general purposes ofthe| ## ## ## ## ## ## ## ## ## ## |Deficit Recovery Plans||||| |---|---|---|---|---| |In line with FRS102paragraph
28.11A,
assumptions
used in these calculations|the College has recognised a liability for the contributions
are tabled below:|payable forthe agreed deficit funding||plan. The principal| |||OSPS||USS| |Finish Date for Defidt Recovery Plan||30/01/28|3'I/03/28|| |Average Sta/f Number Increase||0-3,0%|0-2.0%|| |Average staff salary increase||2.00%||2.00%| |Average discount rate over period||0.74%||0.63%| |Effect of0.5%change
in discount rate||821k||85k| |Effect of1%chan e in staff
rowth||623k||628k| ## ## ## ## ## |2021|2020| |---|---| |6'000|6'000| |13|17| ## ## ## |a)|Consolidated
Statement||ofFinancial Activities|ofFinancial Activities|||||| |---|---|---|---|---|---|---|---|---|---| ||Year ended 31July 2020||||Unrestricted|Restricted|Endowed|2020|2019| ||||||Funds|Funds|Funds|Total|Total| ||||||6'000|6'000|5'000|6'000|6'000| ||INCOME AND ENDOWMENTS FROM:||||||||| ||Charitable
activities:||||||||| ||Teaching, research and||residential||3,522|||3,522|4,366| ||Donations
and legacies||||1|5,371|276|5,648|952| ||Invesbnents||||||||| ||Investment
income||||17||1,765|1,782|1,761| ||Total return
allocated to||income||4,049|1,097|(5,146)||| ||Other income||||346|||346|| ||Total income||||7,936|6,468|(3,106)|11,298|7,079| ||EXPENDITURE ON:||||||||| ||Charitable
activiues:||||||||| ||Teaching, research and||residential||7,182|1,239||8,421|9,590| ||Generating
funds:||||||||| ||Fundraising|||||||341|392| ||Investment
management||costs||||1,347|1,349|1,198| ||'Total Expenditure
Net Income/(Expenditure)||before|gains|7,525
410|1,239
5,229|1,347
~4,452|10,111
1.151|11,180
~4454| ||Net gains/(losses)
on investments||||||2,098|2,098|13,528| ||Net Income/(Expenditure)||||410|5,229|(2,354)|3,285|9,427| ||Transfers
between funds||||725|(725)|||| ||Net movement
in funds for the year||||1,135|4,504|(2,354)|3,285|9,427| ||Fund balances brought
forward||||17,016|2,043|169,195|188,254|178,827| ||Funds carried forward at|31July|||18,151|6,547|166,841|191,639|188,254| |)|Property Investments||||||||| ||This note provides the comparative|||figures for Note 10.||||2020|2019| ||||||Agricultural|Commercial|Other|Total|Total| ||||||5'000|5'000|6'000|6'000|6'000| ||Valuation at slart ofyear||||34,039|15,250|S,S60|54,849|53,375| ||Additions
and improvements||atcost||||||2,553| ||Disposals||||||||(2,553)| ||Revaluation
gains/(losses)|in the year|||2,908|||2,908|1,474| ||Valuation at end ofyear||||36,947|15,250|5,560|57,757|54,849| ## ## ## ## |This note provides the comparative|This note provides the comparative|This note provides the comparative|figures for Note 12.||Permanent|Endowment||Expendable|Total| |---|---|---|---|---|---|---|---|---|---| ||||||Unapplied|||Endowment|Endowments| ||||||Trust for|Total|||| ||||||Investment|Return|Total||| ||||||E'000|6'000|6'000|E'000|6'000| |At the beginning
ofthe year:|||||||||| |GIR component ofthe permanent||endowment|||54,109||54,109||54,109| |Unapplied
total return||||||95,695|95,695||95,695| |Expendable
endowment||||||||19,391|19,391| |Total Endowments|||||54,109|95,695|149,804|19,391|169,195| |Movements
in the reporgng
period:|||||||||| |Gift ofendowment
funds|||||||1|275|276| |Recoupment
oftrust for investment||||||1,758|1,758|7|1,765| |Allocation
fram trust for investment|||||||||| |Investment
return: dividends
and interest|||||||||| |Investment
return: realised and|unrealised
gains and losses|||||2,128|2,128|-30|¹REFI| |Less: Investment
management
Other transfers
Total|coals|||||(528)
3,358|(528)
3,359|(819)
(567)|(1,347)
¹REF!| |Unapplied
total return allocated to income in the reporting
Expendable
endowments
transferred
to income||||period||(4,566)|(4,566)|~000|(4,566)
~000| |||||||(4,566)|(4,566)|(5&0)|(5,146)| |Net movements
in reporting
period||||||(1,208)|(1,2D7)|(1147)|¹REFI| |Atend ofthe reporting
period:|||||||||| |Gift component
ofthe permanent|endowment||||54,110||54,110||54,110| |Unapplied
total return||||||94,487|94,487||94,4&7| |Expendable
endowment
Total Endowments|||||540'f10|94,487|148,597|18,244
18,244|18,244
166,&41| ## |This note provides
the comparative|figures|for Note 17.||||||| |---|---|---|---|---|---|---|---|---| ||||At 1August
2018
E'000|Incoming
resources
E'000|Resources
expended
E"000|Transfers
E'000|Gainer
(hsses)
E'000|At 31July
2020
E'000| |Endowment
Funds - Permanent||||||||| |General purpose
funds
Fellowship
funds
Junior Research Fellowship
funds
Fabric and building
funds
Student support funds
Other teaching
funds
Library funds
Other purpose
funds
Clubs funds
Pate fund|||118,241
5,670
1,530
S,394
3,754
424
58
120
254
14,375|1,420
339|(432)
(6)
(6)
(4)
(96)|(3,679)
(151)
(149)
(114)
(12)
(2)
(1)
(6)
(452)|2,287
(31)
(2)
(31)
(19)
(2)
(1)
(1)
P2)|117,837
5,482
1,628
5,208
3&617
410
56
118
247
14,094| |Endowment
Funds - Expendable||||||||| |Generalpurpose
funds
Fellowship
&JRFfunds
Student support funds
Other teaching
funds
Library funds
Other purpose funds
D Fund
TotalEndowment
Funds -College|||11,204
2,422
3,284
199
545
31
1,690
169,195|7
80
195
2,541|(2)
(2)
(1)
(798)
~1.347|522
(103)
(86)
(5)
(15)
(t)
(892)
~5,146|(2)
(12)
(12)
(1)
(3)
2,098|11,731
2,385
3,379
193
526
30
166,841| |Restricted Funds||||||||| |Transfers
from specific purpose endowments||for||||||| |spending
Property project funds
Teaching and research funds
Student support funds
Olher purpose funds
Total Restricted Funds - College|||1,810
122
109
2
2,043|5,026
98
228
19
5.371|(1,097)
(19)
(54)
(50)
(19)
~1,235|1,097
(689)
(34)
(2)
372||6,128
166
253| |Unrestricted
Funds||||||||| |General
Ubrary and Archive Centre fund
Designated
property project funds
Fixed asset designated
fund
Pension reserve
Total Unrestricted
Funds - College|||885
2,258
1,200
14,377
(1,704)
17,016|3,&86
3.886|(7,5&0)
55
~525|4,209
(1,200)
1,765
4,774||1,400
2,258
16,142
(1,649)
18,151| |TotalFunds|||188,254|11,298|(10,111)||2,098|191,539|