##
|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||||||||
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||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|