| Governing Body, Officers |
Governing Body, Officers |
and Advisers | and Advisers | |
|---|---|---|---|---|
| Report ofthe | Governing | Body | ||
| Auditor's Report |
13 | |||
| Statement of | Accounting | Policies | 17 | |
| Consolidated | Statement | of Financial | Activities | 22 |
| Consolidated | and College Balance | Sheets | 23 | |
| Consolidated | Statement | ofCash Flows | ||
| Notes to the | Financial Statements | 25 |
| (2) | (3) | (4) | (5) | |||
|---|---|---|---|---|---|---|
| Dame Hilary Boulding (President) | ||||||
| Mrs Lynne Adam | ||||||
| Professor Dame Frances Ashcroft | ||||||
| Dr Xavier Bach | Suspended | fram 01 October 2021 | ||||
| to 01October 2022 | ||||||
| Professor Nicholas Barber | ||||||
| Professor Francis Barr | ||||||
| Professor Geoffrey Batchen | ||||||
| Dr Fanny Bessard | ||||||
| Dr Maria del Pilar Blanco | ||||||
| Mrs Felicity Susan Broers | ||||||
| Professor Keith Buckler | ||||||
| Dr Rebecca Bullard | Joined 06 Appointed |
September 2021 Trustee 09June, 2022 |
||||
| Professor Christopher Butler |
||||||
| DrJan Czemuszka | ||||||
| Dr Stefano-Mai'ia Evangelists |
||||||
| Professor Paul Fairchild | Resigned | 05September 2021 | ||||
| Mr Christopher Ferguson |
||||||
| Dr Andrea Fsrrero | Resigned | 01 September 2022 | ||||
| Dr Stephen Fisher | ||||||
| Dr Kantik Ghosh | ||||||
| Dr Anil Games | ||||||
| Dr lan Hewitt | ||||||
| Professor Katherine Ibbett |
||||||
| Professor Alexander Korsunsky |
||||||
| Professor Marts Kwiatkowska | ||||||
| Professor Louis Mahadevan | ||||||
| Professor Martin Maiden |
||||||
| Dr Karol Mazur | Resigned | 30September 2022 | ||||
| Professor Peter McCulloch | ||||||
| DrJames McDougall | ||||||
| Professor Michael Moody |
| (1) | (2) | (3) | (4) | (5) | |||
|---|---|---|---|---|---|---|---|
| Professor Kim Nasmyth |
Retired 30September 2021 | ||||||
| Dr Marie Ni Lsthlobhair | (Lawlor) | Resigned 10October 2021 | |||||
| Revd Dr Emma Percy | Resigned 25September 2022 | ||||||
| Dr Susan Perkin | |||||||
| ProfessorJanet Breckenridge |
|||||||
| Pierrehumbert | |||||||
| Professor Peter Read | Resigned 30September 2022 | ||||||
| Dr Alexandra Reza |
Resigned 05September 2021 | ||||||
| Dr Luke Rostill | |||||||
| Dr Melanic Rupflin | |||||||
| Professor Stephen Sheard | |||||||
| Dr Gail West (Trimble) | |||||||
| Dr Sam Vinko | |||||||
| Professor Justin Wark | |||||||
| Professor Charlotte Williams |
|||||||
| Professor Valerie Worth | Resigned 13October 2021 | ||||||
| ProfessorJohannes Zachhuber |
| Notes | Unrestricted Funds F000 |
Restricted Funds E000 |
Endowed Funds E000 |
2022 Total 6'000 |
2021 Total E000 |
|
|---|---|---|---|---|---|---|
| INCOhlE AND ENDOWI6ENTS FRONI: | ||||||
| Charitable activities: Teaching, research and residential Other Trading Income Dorlations snd legacies |
5,169 102 613 |
1,837 | 137 | 5,189 102 2,587 |
3,647 35 2,672 |
|
| Investmsnts Investment income Total return allocated to income Other income -CJR6 Total income |
4 14 |
144 3,189 16 9,233 |
054 2,791 |
3,334 (4,143) (672) |
3,478 16 11,352 |
3,458 318 10,130 |
| EXPENDITURE OH; | ||||||
| Charitable activities: Teaching, research and residential |
10,211 | 932 | 11,143 | 8,109 | ||
| Generating funds: Fundraising through donations Trading expenditure Investment management costs Total Expenditure |
530 75 I 10,817 |
932 | 256 256 |
530 78 257 12,005 |
588 32 200 8,929 |
|
| Net Incomei(Expenditure) before gains |
||||||
| Net gains/(losses) on Invsstmsnts |
11,12 | (255) | (2,033) | (2,268) | 21,024 | |
| Net Income/(Expenditure) | (1,839) | 1,859 | (2,961) | (2,941) | 22,225 | |
| Transfers between funds | 18 | 1,983 | (1,963) | |||
| Net movement In funds for the year Fund balances brought forward |
18 | 124 29,427 |
(104) 2,278 |
(2,961) 184,203 |
(2,941) 215,908 |
22,225 193,683 |
| Funds serried fonrard at31July | 29,551 | 2,174 | 181242 | 212,967 | 215,908 |
| 2022 | 2021 | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| Graup 8'000 |
Group C000 |
Cagsge knees |
College C000 |
|||
| FIXEDASSETS | ||||||
| Tangible assets Property investments Other Investmants |
9 11 12 |
40,165 47,694 117,980 |
35,590 58,602 122,609 |
40,185 47,894 117,960 |
35,590 58,602 122,609 |
|
| Total Fixed Assets | 205,819 | 216,801 | 205.819 | 216,801 | ||
| CURRENT ASSETS | ||||||
| Stocks Debtors Investments -cash deposit |
15 25 |
95 1,690 |
73 1,173 |
66 1,990 |
73 2,697 |
|
| Cash at bank snd in hand | 10,000 | 1,610 | 1,461 | |||
| Total Current Assets | 11,856 | 2,856 | 11,412 | 4,231 | ||
| LIABILITIES | ||||||
| Creditors: Amounts falling dus within one year |
16 | 1,914 | 2,038 | 1,894 | 3,440 | |
| NET CURRENT ASSETS | 818 | 9,718 | 791 | |||
| TOTAL ASSETSLESSCURRENT UABILITIES | 215,561 | 217,619 | 215,537 | 217,592 | ||
| Provisions for gabaltles | and charges | 17 | 55 | 58 | 55 | 58 |
| NET ASSETS BEFOREPENSION LIABIUTY | 215,506 | 217,561 | 215,482 | 217,534 | ||
| Defined benefit pension scheme Eability |
22 | 2,539 | 1,653 | 2,539 | 1,653 | |
| TOTAL NET ASSETS | 212,967 | 215,908 | 212,943 | 215,881 | ||
| FUNDS OFTHE COLLEGE | ||||||
| Endowment funds |
18 | 181,242 | 184,203 | 181,242 | 184,203 | |
| Restricted funds | 2,174 | 2,278 | 2,174 | 2,278 | ||
| Unrestricted funds |
||||||
| General funds Designated funds Pension reserve |
6,756 25,334 (2,539) |
8,474 24,605 (1,653) |
6,756 25.310 (2,539) |
6,474 24,579 (1,653) |
||
| 212,967 | 215,908 | 212,943 | 215,881 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | 8000 | 6'000 | ||||
| Net cash provided by (used In) operating |
activities | |||||
| Cash Nows from investing activities |
||||||
| DiVidends, interest and rents from investments |
3,478 | 3,458 | ||||
| Proceeds from the sale ofproperty, plant and equipment |
||||||
| Purchase of property, plant and equipment |
(6,966) | (16,102) | ||||
| Proceeds from sale ofinvestments Purchase ofinvestments Net cash provided by (used in) investing |
activities | 13,867 ~5SS 15.151 |
17,322 ~5,261 ~583 |
|||
| Cash flows from financing activities |
||||||
| Repayments of borrowing |
||||||
| Cash inflows from new borrowing | ||||||
| Receipt ofendowment | 137 | 989 | ||||
| Net cash provided by financing activities |
137 | 089 | ||||
| Change in cash and cash equivalents in the reporting |
pediod | 8,300 | (2,021) | |||
| Cash snd cash equivalents at the beginning ofthe reporting |
period | 1,610 | 3,631 | |||
| Change In cash and cash equivalents due to exchange |
rate movements | |||||
| Cash and cash equivalents at the snd of |
the reporting | period | 25 | 10,000 | 1,610 |
| 2022 | 2021 | ||
|---|---|---|---|
| Teaching, Research snd Residential | 8'000 | 6'000 | |
| Nots 31a | |||
| Unrestncted funds |
|||
| Tuition fees - UK and EU students | 1,249 | 1,247 | |
| Turhon fess —Overseas students | 918 | 671 | |
| Othet Ofgce for Studm1ts support | 108 | 223 | |
| Other academic rncome | '131 | 123 | |
| College redrden8al income |
2,673 | 1,383 | |
| Total Teaching, Research and | Rssldengal | ||
| Telsl Income fram ahsrltabls | activities |
| 2022 | 2021 |
|---|---|
| 2'000 | 2'Ollg |
| Note 31a | |
| 613 | 90 |
| 1,937 | 1,593 |
| 137 | 089 |
| 2672 | |
| 2022 | 2021 |
| 8'000 | 9'000 |
| Note S1a | |
| 102 | 35 |
| 102 |
| INVESTMENT INCOME | INVESTMENT INCOME | 2021 | |
|---|---|---|---|
| POOD | |||
| Note 31a | |||
| unrestricted funds |
|||
| Agricultural rent |
|||
| Commercial rent |
|||
| oihsr pmperly income |
139 | ||
| Equrty dividends Irlcoms frortl frxed |
Interest stocks | ||
| Interest on fixed term deposits snd cash | |||
| Other imrestment Bankintersst |
income | 14 | |
| Restrfkted funds |
|||
| Agricultural rani |
|||
| Commercial rent |
|||
| Other properly income |
18 | ||
| Equdlr dividends | |||
| Income from fixed interesl stocks | |||
| Interest an fixed tenn deposits and oash |
|||
| Other investment | income | ||
| Bank interest | 18 | ||
| Endowed funds |
652 | 612 | |
| Agdculhrral rent |
287 | 239 | |
| Commercial rent |
45 | ||
| Other properly iroome |
2,349 | 2441 | |
| Equity dividends | |||
| Income tram fixed interest stocks | |||
| Intmast on fixed | term deposits snd cash | ||
| Other Investment | imome | ||
| Bank interest Other' lrtterest |
3,384 | 3.29 | |
| 78 |
| 8 | ANALYSIS OF EXPENDITURE | ANALYSIS OF EXPENDITURE | ANALYSIS OF EXPENDITURE | ANALYSIS OF EXPENDITURE | ||
|---|---|---|---|---|---|---|
| m22 | 2021 | |||||
| 2'000 | 8'000 | |||||
| Charasble expenditure |
Note 31a | |||||
| Direct staffcosh stoceted | tm | |||||
| Teaching, | reseerdl | and | residential | |||
| 6,170 | 4,719 | |||||
| Other direct | cesar asocaled to: | |||||
| Teaching, | msemoh | end | residential | |||
| 3,157 | ||||||
| Support and | governance rests agocsted to: | |||||
| Teaching, | research | and | residential | |||
| 1,806 | 1,242 | |||||
| Total charitable expenditure |
11143 | 6109 | ||||
| Expandaure on raising |
funds | |||||
| Direct staff costs alkeslad | to.' | |||||
| Fundraising | through | donatlore | ||||
| Trading expenditure | 369 | 418 | ||||
| 15 | ||||||
| Other direct | coals egocslsd | lo: | ||||
| Fundreiang | ||||||
| Trodi oexpenditure | 127 | 97 | ||||
| Investment | management | orate | 00 257 |
24 200 |
||
| Support and | governance | costs saocsted lo. | ||||
| Fundralslng | ||||||
| 73 | ||||||
| Total expendauro on raising |
funds | |||||
| 820 | ||||||
| Total expsndlture | ||||||
| 12,005 | 8,929 |
| ANALYSIS | OFSUPPORT AND GOVERNANCE COSTS | |||
|---|---|---|---|---|
| Teachlrg | ||||
| Gsnwsdnc | end | 3033 | ||
| Funds | Research | Tolel | ||
| L'DOD | EDOD | 5'000 | ||
| Financial administration |
13 | 154 | 107 | |
| Domeshc administration | 52 | 52 | ||
| IT | 19 | 108 | 18T | |
| Deprecielioh | 1,391 | 1,391 | ||
| Loss/fpro0t) | on fhed assets | |||
| Other 9nance charges | 15 | 10 | ||
| Govern!non | cosfs | 2f! | 28 | |
| Teaching | ||||
| Generating | slid | 2021 | ||
| Funds | Resanfch | Total | ||
| 5'000 | E'MO | 5'000 | ||
| Firencisl administration | 237 | 290 | ||
| Domesbc administralior | 50 | 50 | ||
| IT | 166 | 105 | ||
| Dspteclatlon | /43 | 743 | ||
| Loss/(profit) | on fixed assets | |||
| other nnsnce charges | 14 | |||
| Govelmnce | costs | 24 |
| Ag rnvestmsnls ere |
held | sifair value. | 2022 | 202f |
|---|---|---|---|---|
| MOOO | 2'000 | |||
| Group investmanls | Nots 3'Ib | |||
| Valuation at start of New money invested Value ofpurchases Amounts withdrawn |
year | 122,809 227 |
113,239 2,939 2,205 |
|
| Value otsales | ||||
| Ruin vss ted income | (314) | (t4,793) | ||
| Investment management |
fees | |||
| (Decreaseyincrssss | in value ofmvestments | (4,562) | 18,989 | |
| Group Investments | at end ofyear | 117.980 | 122,609 | |
| College Investments | st | end ofyear | 122,809 |
| Group Inveslmenls eamprlssr |
Held oueide | Held in | 2022 | Held oubuds | Held in | 2021 |
|---|---|---|---|---|---|---|
| the UK 0000 |
the UK 2'000 |
Total 2'000 |
Ihe UK EOOO |
the UK POOO |
Total DOM |
|
| Equity investments Global mulhr asset funds |
74,590 | 11,187 | 83,223 | 11,?61 | ||
| property tunas Fixed internet stochs Aftematlve snd other investments Fixed term deposits and cash |
1,595 242 447 |
9,211 2,352 10,218 8,117 |
9,211 3,947 10,481 8,584 |
1,492 263 1,122 |
8.107 1,817 9,783 5,030 |
8,107 3.309 10,056 6,152 |
| Total group Investnlents | 76 |
| actual donation values or represents | it | s ope | n market value | in 2005logeth | er with sg subsequent endo |
wments valued |
stdata of gig. | ||
|---|---|---|---|---|---|---|---|---|---|
| Pwmansnt | Endowment | Expandable | Total | ||||||
| Uneppged | Endowment | Endowments | |||||||
| Trust for' | Total | ||||||||
| Invmtment | Return | Total | |||||||
| 6000 | 6'000 | 6000 | |||||||
| At the beginning ofthe year. Gih component of the permanent endowment Unapplrsd total ratlrrn |
42,008 | 120,028 | az,ooe 120,028 |
42,006 120,028 22,108 |
|||||
| Expendable endowment Total Endowments |
42,008 | 120,028 | 1N!,035 | 22,188 | 184,202 | ||||
| movemants in the reporting period: Ggt of sndowrrrent furlds |
15 | 15 | 137 | ||||||
| Recoupment of trust for investment | |||||||||
| Agocstlon from trust for investment Investment return' torsi investment income Investment return: realised and unrsalrsad Lese: Investment management costs |
gains snd losses | 2,879 (1,197) (263) |
2,879 (1,197) (253) |
456 (836) (N |
3,334 (2,033) (256) |
||||
| Other transfers Total |
15 | 1,429 | (260) | I2182 | |||||
| Unapplied total return agoceted to |
income | In the reporting | period | (3,655) | (3,655) | (3,655) | |||
| Expendable endowments transferred |
to income | (3,855) | (3,855) | (488) | (4,143) | ||||
| Net movemente In reparSng parted |
(2,229) | (2,211) | (2,981) | ||||||
| At end ofths reporting period: Gilt component ofthe permanent Uneppged total return |
endowment | 42,021 | 117,802 | 42,O21 11'/, 602 |
21420 | 42,021 117,802 21,420 |
|||
| Expendable endomnent Total Endowments |
42,021 | 117,802 | 159,823 | 21,420 | 181,242 | ||||
| For pnor year compsragves refer |
to | nate | 314 |
| 15 | OEBTORS | ||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||||
| Amounts faalng | due within ons yeso | Group 0'000 |
Grollp Coco |
Coilege y:000 |
Copegs 2000 |
||
| Trade debtors | 277 | sa | 257 | ||||
| Amounts owed by College members |
|||||||
| Amounts awed by Group undertakings Loans repayable within one year |
429 | 1,563 | |||||
| Prspaymenta und |
accrued income | 086 | 708 | 005 | 693 | ||
| Other debtors | 627 | 410 | 619 | 400 | |||
| ,607 | |||||||
| 16 | CREDITORS: faglng due within one | year | |||||
| 2022 | 2021 | 2022 | 2021 | ||||
| Group | Group | Cossge | Dotage | ||||
| C000 | 2'000 | E400 | F00 | ||||
| Tmds creditors Amounts owed to |
Cogrwe Members | Tau 4'I |
332 80 |
902 41 |
2,013 80 |
||
| Taxation snd social ssdlrity | 170 | 199 | 130 | 115 | |||
| Cogsge cantnbudoh | |||||||
| Accruats snd deferred income |
914 | 1,348 | 610 | ||||
| Other credltorrr | 79 | ||||||
| 17 | PROVISIONS FOR LIABILITIES AND | CltARGES | |||||
| 2022 | 2021 | 2022 | 2021 | ||||
| Graup 6'000 |
Group 2000 |
College 0'000 |
Cogegs aucc |
||||
| At start ofyear | 50 | 50 | 50 | ||||
| charged in ths metement ofFinandal sstged In Ihe year |
Adlvities | (3l | IN | (1) | |||
| At end ofFear | 55 | 50 | 50 | 56 |
| ANALYSIS OF MOVEMENTS | ANALYSIS OF MOVEMENTS | ON FUNDS | ON FUNDS | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Ai1A gut 2021 |
Income | Expefidltun! | Transfers | Gdinel (100383) |
At 31Jufy 2022 |
||||
| 5'000 | 5'000 | EODO | L000 | UDOO | 0yes | ||||
| EndowmentFunds Permanent |
|||||||||
| PermsnentEndowmentFund | 13't,526 | 2,258 | (249) | (2,855) | (50) | 130,531 | |||
| Funds fm student pnzes snd Frank Chadwick Fund |
swwds | 4,530 4,309 |
103 00 |
(I) &1) |
(120) (90) |
(171) (165) |
4,349 4+10 |
||
| Dr Blakiston's Fund |
2,400 | 40 | (0) | (54) | (91) | 2,313 | |||
| Funds to support Fellowships | 1,831 | 30 | (0) | (41) | (00) | 1,700 | |||
| Fold Felid | 1,820 | 37 | (0) | (41) | (69) | 1,757 | |||
| Pmfessor John Mitchell Fund | 1,507 | 32 | (0) | (35) | (09) | 1,500 | |||
| Funds for student support | 1,462 | 30 | (0) | (33) | (55) | 1,404 | |||
| Whitehead Travnting Fund |
1,411 | 20 | (0) | (32) | (53) | 1,355 | |||
| Mrs J H McKeown Fund | 1,403 | 29 | (0) | (31) | (53) | 1,347 | |||
| Stephen Chrfstie-MOlsr Fund |
1,831 | 27 | &0) | &30) | (50) | 1,278 | |||
| Blakiston Fund | 1,253 | 20 | &0) | (20& | (47) | 1,203 | |||
| Migard Fund |
1,240 | 28 | &0& | (28) | (47) | 1,200 | |||
| Bumsriss Fund | 1.102 | 23 | (Oi | (25) | (41) | 1,000 | |||
| War Memorial Fund |
879 | 10 | (0) | (20) | N3) | 844 | |||
| W P Haskeit-Smgh Fund |
770 | 16 | (0) | (17) | (20) | ||||
| Jeffrey Abbott Fiind Dr W Hunt Fund |
713 604 |
15 14 |
(0) (0) |
(16) (15) |
(27) (28) |
005 057 |
|||
| Other funds - Permanent Endowments |
1,890 | 35 | (0) | (30) | (64) | 1,023 | |||
| Endowment Funds - Expendable |
|||||||||
| Funds to support FeDovahips | 0,979 | 188 | (1) | (190) | (338) | 0,020 | |||
| Funds for student support Brown Fellowship Fund |
5,240 2,383 |
213 66 |
g) (0) |
(113) (52) |
(199) (90) |
5,140 2,300 |
|||
| Ww Metnoriel Fund |
1,950 | 40 | (0) | (44) | (73) | 1,S73 | |||
| Hunt-Grubbe Fsgcwship Fund |
1,054 | 22 | (0) | (24) | (40) | 1,012 | |||
| King's Group Fund | 806 | 19 | (D) | (20) | (34) | 070 | |||
| Henry Birkhsad Fund | 790 | 16 | (0) | (18) | ND) | 767 | |||
| Other funds - Expendable Endowments |
857 | 10 | (0) | (10) | &32) | 024 | |||
| Total Endowment Funds - |
CeSege | ~104203 | 101,242 | ||||||
| Endowment funds held by subsidiaries |
|||||||||
| Total Endowment Funds - |
Group | 104,203 | 101242 | ||||||
| Restricted Funds | |||||||||
| Nsw Building Furid |
(0) | 1,657 | (1,057) | 0 | |||||
| Library Refurbishment | 102 | (102) | &0& | ||||||
| Kitchen, Dtning Hall snd SCR |
Refurbishment | 144 | (144) | ||||||
| Funds for student support |
1,223 | 123 | &403& | 351 | 1,205 | ||||
| Bursanes Income Fund | 149 | 27 | (53) | 52 | 174 | ||||
| Funds to support FsOowshlps | 130 | 5 | (200) | 314 | 159 | ||||
| Dr Blakiston's Income Fund |
93 | (1) | 28 | 120 | |||||
| Professor John Mitchell Income Fund |
56 | (2D) | 35 | 71 | |||||
| MrsJ H McKeown Income Fund | 25 | (27) | 31 | 20 | |||||
| Dr W Hunt Income Fund | 0 | (I5) | 15 | 0 | |||||
| Other funda - Restricted Funds | 347 | (115) | 67 | 324 | |||||
| Totst Restricted Funds - College | 2,270 | 2.174 | |||||||
| Restricted funds held by sub*ldianen | |||||||||
| Total Restricted Funds - Group | 2,278 | 2174 | |||||||
| Uriiwilrloted Funds |
|||||||||
| Giiiisiel | 6474 | 6,044 | (8,540) | 3,034 | (255) | 6,750 | |||
| Fixed asset designated Fund Pension reserve |
24,516 (1,654) |
(1,391) (806) |
2,110 | 20,242 (2,539) |
|||||
| Funds fcrstudent support |
70 | 70 | |||||||
| Total Unmstrlcwd Funds |
~CoNsge | 29404 | 6,044 | ~ID 017 | 20530 | ||||
| Unrestricted funds held by subsidlnnss |
23 | 23 | |||||||
| Total Unrestricted Funds Total Funds |
-Group | 29,427 215.000 |
6,044 11,352 |
~tg 017 ~12.005 |
(2,280 | 29,051 212,007 |
|||
| Foranalysis of prior year compsratives | refer to nots 31e |
| ANALYS | IS OF NET ASSETSBElWEEN FUNDS | ||||
|---|---|---|---|---|---|
| Unrestrimsd | Rsstricted | Endowment | 2022 | ||
| Funds | Funds | Funds | Tatal | ||
| COOO | OOOO | EDOO | E'000 | ||
| Tangible | sxed assets | 40,165 | 40,165 | ||
| Property | investments | 47,694 | 47,094 | ||
| Otherinvestmente | 2,174 | 115,796 | 117,968 | ||
| Perrslorls | Provrsiorls | (2,539) | (2.530) | ||
| Prowsions for lisbilrties and charges |
(55) | (05) | |||
| Nst OUrrsrlt assets | S,ODS | 2,836 | 9,742 | ||
| Long term lrsbrgbss | |||||
| Inlerfund | Loans | (14.926) | |||
| 55 | |||||
| Unrestricted | Restriicted | Ehdowrltertt | 2021 | ||
| Funds | FUnds | FurldS | Total | ||
| f.'000 | POOO | E.'000 | E'000 | ||
| Tangible | lixed assets | 35,501 | 30,591 | ||
| Pmperty | investmenls | 50,602 | 50,002 | ||
| Other inveslmenls | 5,823 | 2,262 | 114,524 | 122,009 | |
| Pensions | Provisions | (1,663) | (1,603) | ||
| Provlshms for Sabigties and charges Nt uel eu |
(50) 805 |
14 | (58) ma |
||
| Long tenn Ssb95ies | |||||
| Inlerfund | Loans | 'H.075 |
| Sensitivity of actuarial valuation | Sensitivity of actuarial valuation | Sensitivity of actuarial valuation | assumptions | assumptions | |||
|---|---|---|---|---|---|---|---|
| Surpluses or deficits which The sensiTiviTies regarding |
arise at future valuations the prindpal assumptions |
may )mpact on the Cogege's future contribution used to measure ths schema liabilities are set |
commitmeni. out below, |
||||
| Initial pre.mtirement discount rate |
increase by 0.25% | decrease by 21.3bn | |||||
| Post-rebremsnt | discount rats | decrease by 0.25% | Increase by 62.8bn | ||||
| CPI | decrease by 0.1% | decrease by 61.5bn | |||||
| Life expectancy | mare prudent assumption |
(reduce the | Increase by 61.2bn | ||||
| adjustment to the base mortality table by 5%) |
|||||||
| more prudent assumption |
(increase the | ||||||
| Rate ofmortssty | annual mortality improvements lang-term rates by 0.2%) |
increase by60.6bn | |||||
| Valuation rate ofinterest |
decrease by0.25%v | increase by 645m | |||||
| Rate ofpsnsron | Increases | tllcresse by 0.25% |
Increase by 640m |
| Deficit Recovery plans | ||||
|---|---|---|---|---|
| In line with FRS102 paragraph 28.1'IA, Ihe Degage deficit funding plan. The principle assumptions used |
has recognised a liabifity for the in these calculations are tabled |
contnbutlons below'. |
payable forthe agreed | |
| Finish Date for Deficit Recovery Plan Average statf number increase Average staff salary increase Average discount mte over period |
1.50% 3.19% 30/01/2028 |
'I.80% 3.06% S1/03/2028 |
30/01/2028 2 1.60% 0.89% |
3'I/03/2028 2 1.50% 0.89'4 |
| The engage Is able to take advantage |
of ths tax exemptions | of ths tax exemptions | of ths tax exemptions | of ths tax exemptions | svsge bio to chemise from taxahon | svsge bio to chemise from taxahon | In respem of | income | and impltst | gains received to the extant that such | gains received to the extant that such | Income and | Income and | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| gains are epphed to exdusively chsntabls |
purposes. | No liability to cmporation | tax arises in the | Coaegs's subddiam | ocmpeny(ies) | because the directors ofibis/these | ||||||||
| compsnyges) have indicated that they |
Inland to moke | donee | one each year to | ths College equal | to Ihe taxable | prafhs | ofths company | under the GIR Ald scheme. Accordingly | no | |||||
| provision for taxation has been induded | in | tile finenoal statements. | ||||||||||||
| 24 | RECONCIUATION OF NET IHCOMING |
RESOURCES TO | ||||||||||||
| NET CASH FLOW FROM OPERATIONS | 2022 | 2021 | ||||||||||||
| Grcllp | Groiip | |||||||||||||
| Hogg | F.'000 | |||||||||||||
| Net incomel(expenditure) | (2,941) | 22,225 | ||||||||||||
| Biminagon of non-operating cash flows: |
||||||||||||||
| Investment income ioains)f losses in investments |
(3,470) 2288 |
(3,458) (21,024) |
||||||||||||
| Emtowmsnt donations |
(137) | (900) | ||||||||||||
| Dsprecte'tioii | 1,391 | 743 | ||||||||||||
| (surplus)floss on sale ofaxed assets |
||||||||||||||
| Decmase/(Increase) in stook |
7 | 5 | ||||||||||||
| Decrease/(increase) in debtors |
(417) | (02) | ||||||||||||
| (Decreaseylncreass in creditors |
(124) | 402 | ||||||||||||
| (Dscreaseyfncmaae in pravisions |
(3) | (H | ||||||||||||
| (Decrease)/Increase in pensian scheme |
liability | 800 | (308) | |||||||||||
| Nst cash provided by {used In) operating |
activities | 2520 | (2427) | |||||||||||
| 25 | ANALYSIS Op CASH AtlD CASH EQUIVALENTS | |||||||||||||
| 2022 | 2021 | |||||||||||||
| 0'000 | 5'000 | |||||||||||||
| Cash at bank and In hand Notice deposiki (less than 3morilhs) |
10,000 | 1,010 | ||||||||||||
| Barik ovsrdregs | ||||||||||||||
| Total sash and cash eguivelents | 10,000 | 16M |
| ADDITIONAL PRIOR VFAR | ADDITIONAL PRIOR VFAR | ADDITIONAL PRIOR VFAR | COMPAR | COMPAR | ATIVES | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| s)SOFAas atJuly 2021: | movement | by Fund Type | ||||||||
| Uarsshtcled | Restricted | Endowed | 2021 | |||||||
| Funds | Funds | Funds | Total | |||||||
| RefNotes | 2'000 | 6'000 | M000 | Sgag | ||||||
| INCOIIIE AND ENDOWMENTS | FROM: | |||||||||
| Charitable actlvltlesr |
||||||||||
| Teaching, research and residential |
3,647 | 0 | 0 | 3,647 | ||||||
| other Trading Income | 35 | 0 | 0 | 35 | ||||||
| Donations snd mgacles | 90 | 1,593 | 080 | 2,672 | ||||||
| Invsstmsnts | ||||||||||
| Investment Income |
4 | 140 | 10 | 3,202 | 3,458 | |||||
| Tale) return ailaaeted toincome Giber inaome - CJRS |
14 | 3,050 318 |
083 0 |
(3,042) 0 |
0 310 |
|||||
| Total Inaome | 7,Z07 | 2,404 | SSS | 10,130 | ||||||
| EXPENDITURE ON: | 5 | |||||||||
| Charnable scevltles: | ||||||||||
| Teaching, research snd resldenSal | 7,347 | 762 | ||||||||
| Generagngfundsr | ||||||||||
| Fundraislng | 5SS | 0 | 800 | |||||||
| Trading expenditure | 32 | 0 | 32 | |||||||
| Investment management |
costs | I | 198 | 200 | ||||||
| Total Expendltme | T,968 | 703 | 'I08 | 8,020 | ||||||
| Nat lltcorrml(Brperldltare) | baffle galas | 671 | 1,731 | 141 | 1201 | |||||
| Net gains/(losses) an Investments |
11,12 | 1,002 | 0 | 19,942 | 21,024 | |||||
| Net incomei(Expenditure) | rra | |||||||||
| Transfers between ftinds |
10 | 4,205 | (4,140) | (147) | (0) | |||||
| Net movement In funds |
for | the | year | 4,700 | (2,410) | ta,sae | 22,220 | |||
| Fund balances brought forward |
10 | 24,723 | 4,694 | 164,260 | 193,003 | |||||
| Funds carried forwanl sl | 31July | 20,430 | 2,270 | 1042JIZ | 215,000 | |||||
| b) Properly Investments | ||||||||||
| PROPERTYINVESTMENTS | ||||||||||
| Group and Cogege | 2021 | |||||||||
| RefRois | Agrlclrltllral | Commeralal | Dev't «nd other | Total | ||||||
| 11 | ZTMS | 6'000 | F000 | 6'000 | ||||||
| Valuagon at start ofyear | 34,807 | 3.300 | 20,872 | 58,970 | ||||||
| Transfers between categories |
||||||||||
| Additions and impravements |
atcost | 117 | 117 | |||||||
| Drspcsltls | (I55) | (2,373) | (Z.520) | |||||||
| Re aluation gains/gooses) | in | the | year | 403 | 1,541 | 2,034 | ||||
| Valuation st end ofyear | 5262 | 58,002 |
| Permanent | Endowment | Expendable | Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unapplied | Endowment | Eiidowiiienls | |||||||||||
| RefNels | Trust for | Total | |||||||||||
| Iiivii8liiieiit | Return | Total | |||||||||||
| 8'000 | 8'DDD | EDDD | f.'000 | 8'000 | |||||||||
| At the beginning ofthe yean |
|||||||||||||
| Gilt component ofthe perm a nsrit |
endowment | 41,118 | 41,118 | 41.118 | |||||||||
| Unapplied total return |
103,829 | 103,829 | 103,829 | ||||||||||
| Expendable endowment |
19320 | 19320 | |||||||||||
| Total Endowments | 41,113 | 103,829 | ta4,848 | 19,320 | |||||||||
| Movemsnts In ihs rsporung |
period: | ||||||||||||
| Giit ofendowment funds |
889 | 100 | |||||||||||
| Recoupment oftrust for invaslment |
|||||||||||||
| Agocadoh froili total fw Iiiva8tilieiil | |||||||||||||
| Investment return: total invsatmsnt |
income | 2.846 | 2,846 | 446 | 3,292 | ||||||||
| Investment return: realised and unrealised |
gains and losses | 16,669 | 16,669 | 3,272 | 19,942 | ||||||||
| Less. Investment menage ment |
costs | (195) | (195) | (3) | U98) | ||||||||
| Othsr Irsiisfars | 357 | ||||||||||||
| Total | 19,877 | 2D,566 | 3,312 | 23,870 | |||||||||
| Unapplied total return allocated to |
income | in the rsporsng | period | (3,478) | (3,478) | (3,478) | |||||||
| Expendable endowments bansferred |
to income | ||||||||||||
| (3,478) | (3.478) | (464) | (3,942) | ||||||||||
| Net movements in raper gng |
period | 883 | faJDD | tr,as3 | a,eda | 19,938 | |||||||
| At snd ofthe repmtlng period: |
|||||||||||||
| Gilt component of ths permanent | endowment | 42,006 | 42,006 | 42,006 | |||||||||
| Unapplied total return |
12D,028 | 120,028 | 120,028 | ||||||||||
| Expendable endowment |
|||||||||||||
| Totalandowments |
| s) Analysis ofmowiment on funds |
||||||
|---|---|---|---|---|---|---|
| ANALYSIS OF MOVEMENTS ON FUNDS | RefNote | |||||
| 18 | ||||||
| At 1 August 202D DODD |
liicoliis 2'000 |
Expsiidlhire EDDD |
Transfers 5'DDD |
Gainer (losses i rrlco |
At 31July 2021 5'000 |
|
| Endowment Funds ~Permanent Permanent Endowment Fund Frank Chadwick Fund Ford Fund Mglsrd Fund Blakislon Fund Dr Blakiston's Fund Dr W Hunt Fund hire J H MDKeown Fund Professor John Mitchell Fund Bursaries Fund W P Hackett-Smith Fund Whitehead Trave0ing Fund Jeffrey Abbott Fund Funds for student support Funds for student mixes end awards Fund* tc support Fellowships Stephen Chrtstis-Mi$er Fund War Memorial Fund Other funds - Permanent Endowments |
110,987 3,760 1,567 1.070 1,0T1 2,083 1,2D2 1,343 944 500 1,209 011 1,378 2,566 1,569 1,140 753 1,448 |
2,257 87 36 25 27 48 14 28 31 22 15 28 14 S2 950 30 26 17 |
(10D) (I) (0) (0) (0) lo) (0) (0) (0& (0) (0) (0) (0) D& (0) (0) (0& (0) |
(2,836) (93) (30) (26) (26) (51) (14) (30) (33) (23) (16) (30) (15) (100) 414 (39) (28) (19) (38) |
12,311 635 205 101 181 349 99 203 227 159 111 204 103 233 579 265 193 127 245 |
131,526 4,389 1,$MI 1,249 1,203 2,40$ 084 1,403 1,507 1,102 770 1,411 713 1,402 4,03$ 1.8M 1,331 879 1,600 |
| Endownwnt Funds - Expandable War Memonal Fund Brown FsDowshlp Fund Hunt-Grubbs Fellowship Fund Henry Birkhead Fund Kklg'4 GIoup Fulid Funds for student support Funds to support Fellowships Other funds - Expendable Endowments |
1,071 2,022 903 684 776 4,842 7,880 733 |
38 00 21 16 18 101 178 16 |
(0) (0) (0) (0) (0) (I) (1) (0) |
(41) (48) (22) (17) (19) (617) (186) {18) |
202 343 152 115 131 825 1,299 124 |
1,950 2,333 1,054 798 900 6,240 8,$79 a07 |
| Total Endowment Funds -Cogege |
104,287 | 19,942 | 104,203 | |||
| Endowment funds held by sub Midi aries |
||||||
| Total Endowment Funds - Group |
~164 207 | IS,942 | 184,203 | |||
| Restricted Funds | ||||||
| New Building Fund |
1,357 | (4,295) | (0) | |||
| Levilis Burssrtss Dr Blakiston'4 Income Fund Or W Hunt Income Fund Mm J H McKeown Income Fund Professor John Mltche0 Income Fund Bursarteslnccme Fund Fundsforstudentsupport Funds to support Feoowshlps Otherfunds - Restricted Funds |
9 53 149 945 109 425 |
57 7 189 |
(14) (14) (30) (49l (281) (272) (102) |
26 14 30 33 49 602 294 81 |
93 0 25 06 149 1,223 139 594 |
|
| Total Restricted Funds - College | 4696 | 22?8 | ||||
| Restricted hinds held by subsidiaries | ||||||
| Total Reaincted Funds - Group | 4,696 | 2,278 | ||||
| Unrestricted Funds |
||||||
| General Fixed asset designated Fund Pension reserve Funds for student support Total Unrestricted Funds - Dosage |
8,350 20,234 (1,061l 70 |
4,238 4,230 |
(7,533) (743) 300 ~7,008 |
2,330 1,024 7,364 |
1,082 1,082 |
6,474 24,016 (1,053) 70 |
| Unrestrtcted funds held by subsid ames Total Unrestricted Funds - Group |
23 24721 |
4,238 | ~968 | 7354 | 1,062 | 23 29427 |
| Total Funds | 193,054 | 10,130 | ~(0,029 | 21,D24 | 215,M9 | |
| 45 |