| Table of Contents | Page | |
|---|---|---|
| Governing Body, Officers |
and Advisers | |
| Report ofthe Governing | Body. | |
| Independent Auditors Report |
....13 | |
| Statement ofAccounting |
Policies | 17 |
| Consolidated Statement |
of Financial Activities . | 22 |
| Consolidated and College |
Balance Sheets | |
| Consolidated Statement |
of Cash Flows. | 24 |
| Notes to the Financial Statements. .... | 25 |
| verning Bod |
y who served | in office during | the | year or subs | equently are d |
etailed b |
elow. | |
|---|---|---|---|---|---|---|---|---|
| Committees | ||||||||
| Changes in year | FRC | APC | ||||||
| Professor | Sinan | Acikgoz | ||||||
| Professor | Ros | Ballaster | ||||||
| Professor | Jocelyn | Bell Burnell | ||||||
| Professor | Vanessa | Berenguer-Rico | ||||||
| Dr | Andrea | Bernini | ||||||
| Professor | Steve | Biller | ||||||
| Professor | Stephen | Blun dell | ||||||
| Mr | Clem | Brohier | Appointed | 15November | 2021 | |||
| Professor | Jon | Chapman | ||||||
| Mr | James | Colman | ||||||
| Dr | Carmen | Constantin | Resigned | 31March 2022 | ||||
| Professor | Pavlos | Eleftheriadis | ||||||
| Professor | Marina | Galano | ||||||
| Professor | Kathryn | Gleadle | ||||||
| Dr | Andy | Gosler | ||||||
| Professor | Vicente | Grau Colomer | ||||||
| Professor | lan | Griffiths | ||||||
| Professor | Andrew | Higgins | ||||||
| Professor | Peter | Keevash | ||||||
| Professor | Tarunabh | Khaitan | Appointed | 13October 2021 | ||||
| Mr | Kevin | Knott | 30Sept - | 15Nov 2021 | ||||
| Dr | Helen | Lacey | ||||||
| Professor | David | Leopold | ||||||
| Professor | Paul | Lodge | ||||||
| Professor | Helen | Margetts | ||||||
| Professor | James | Marrow | ||||||
| Professor | Chris | Martin | ||||||
| Professor | Derek | McCormack | ||||||
| Ms | Tess | McCormick | ||||||
| Professor | Michele | Mendelssohn | ||||||
| Dr | Katherine | Morris | ||||||
| Ms | Helen | Mountfield, | KC | |||||
| Dr | Amber | Murrey-Ndewa | ||||||
| Professor | Catherine | O'Regan | ||||||
| Professor | Colin | Please | ||||||
| Professor | Joel | Rasmussen |
| Changesin | year | FRC | APC | |||
|---|---|---|---|---|---|---|
| Ms | Lucinda | Rumsey | ||||
| Professor | Alison | SaIvesen | ||||
| Dr | Christopher | Salam one | ||||
| Mr | Richard | Scanlon | Resigned 30September 2021 | |||
| Professor | Dino | Sejdinovic | ||||
| Professor | Jason | Smith | ||||
| Professor | Jennifer | Strawb ridge |
| Ms Helen Mountfield, | KC | Principal | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Mr Richard Scanlon | Bursar | Resigned | 30September 2021 | ||||||
| Mr Kevin Knott | Acting Bursar | 30September | —15 November | 2021 | |||||
| Mr Clem Brohier | Bursar | Appointed | 15 | November | 2021 | ||||
| Ms Lucinda Rumsey |
Senior Tutor | Appointed | University | Senior Proctor | |||||
| 1March 2021 | |||||||||
| Dr Helen Lacey | Acting Senior | Tutor | Appointed | 1March | 2021 | ||||
| Professor Pavlos Eleftheriadis | Dean | ||||||||
| Dr Christopher Salamone |
Tutor for Graduates | ||||||||
| Ms Lynne Quiggin | Domestic Bursar | ||||||||
| Ms Tess McCormick | Development | Director | |||||||
| Ms Samantha Cuss |
College Accountant |
| Unrestricted | Restricted | Endowed | 2022 | 2021 | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | Total | |||
| Notes | E'000 | r.'000 | F'000 | E'000 | F'000 | ||
| INCOME AND ENDOWMENTS | FROM: | ||||||
| Charitable activities: Teaching, research and Other Trading Income Donations and legacies |
residential | 5,279 751 276 |
886 | 6,781 | 5,279 751 7,943 |
4,420 51 2,398 |
|
| Investments Investment income Other income Total income |
473 130 6,909 |
273 1,159 |
6781 | 746 130 14849 |
626 366 7,861 |
||
| EXPENDITURE ON: | |||||||
| Charitable activities: Teaching, research and |
residential | 7,042 | 601 | 7,643 | 6,258 | ||
| Raising funds: Fundraising Trading expenditure Investment management Total Expenditure |
costs | 620 173 7 7,842 |
612 | 631 173 7 8,454 |
370 141 5 6,774 |
||
| Net Income/(Expenditure) before gains |
(933) | 547 | 6,781 | 6,395 | 1,087 | ||
| Net gains/(losses) on investments |
(725) | (725) | 2,719 | ||||
| Net Income/(Expenditure) | (933) | 547 | 6,056 | 5,670 | 3,806 | ||
| Transfers between funds |
16 | 22 | (41) | 19 | |||
| Net movement in funds for the year |
(911) | 506 | 6,075 | 5,670 | 3,806 | ||
| Fund balances brought forward |
16 | 15,668 | 2,155 | 17346 | 35,169 | 31,363 | |
| Funds carried forward at 31 |
July | 14,757 | 2,661 | 23,421 | 40,839 | 35,169 |
| 2022 | 2021 | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| Group | Group | College | College | |||
| Notes | F'000 | F'000 | E'000 | F'000 | ||
| FIXEDASSETS | ||||||
| Tangible assets | 10 | 19,996 | 20,627 | 19,996 | 20,627 | |
| Other Investments | 11 | 23,421 | 17,346 | 23,421 | 17,346 | |
| Total Fixed Assets | 43,417 | 37,973 | 43,417 | 37,973 | ||
| CURRENT ASSETS | ||||||
| Stocks | 89 | 86 | 89 | 86 | ||
| Debtors | 13 | 1,410 | 883 | 1,410 | 883 | |
| Deposits and other | short term investments | 272 | 569 | 272 | 569 | |
| Cash at bank and | in hand | 1 | 1 | 1 | 1 | |
| Total Current Assets | 1,772 | 1,539 | 1,772 | 1,539 | ||
| LIABILITIES | ||||||
| Creditors: Amounts | falling due within one year | 14 | 1,989 | 3,153 | 1,989 | 3,153 |
| NET CURRENT ASSETS/(LIABILITIES) | (217) | (1,614) | (217) | (1,614) | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 43,200 | 36,359 | 43,200 | 36,359 | ||
| CREDITORS: falling due after more than one year | 15 | 23 | 45 | 23 | 45 | |
| NET ASSETS BEFORE PENSION LIABILITY | 43,177 | 36,314 | 43,177 | 36,314 | ||
| Defined benefit pension scheme liability | 20 | (2,338) | (1,145) | (2,338) | (1,145) | |
| TOTAL NET ASSETS | 40,839 | 35,169 | 40,839 | 35,169 | ||
| FUNDS OF THE COLLEGE | ||||||
| Endowment funds |
23,421 | 17,346 | 23,421 | 17,346 | ||
| Restricted funds | 2,661 | 2,155 | 2,661 | 2,155 | ||
| Unrestricted funds |
||||||
| Designated funds |
18,963 | 20,688 | 18,963 | 20,688 | ||
| General funds | (1,868) | (3,875) | (1,868) | (3,875) | ||
| Pension reserve |
20 | (2,338) | (1,145) | (2,338) | (1,145) | |
| 40,839 | 35,169 | 40,839 | 35,169 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | F'000 | E'000 | ||
| Net cash provided by (used in) operating activities |
22 | 411 | (1,385) | |
| Cash flows from investing activities Dividends, interest and rents from investments |
746 | 602 | ||
| Proceeds from the sale of property, plant and equipment Purchase offixed assets (including adjustment) |
(35) | (6) | ||
| Proceeds from sale of investments | ||||
| Purchase of investments Net cash provided by (used in) investing activities |
(6,800) (6,089) |
(3) 593 |
||
| Cash flows from financing activities Repayments of borrowing Cash inflows from new borrowing Net cash provided by (used in) financing activities |
(1,400) 5,381 |
700 700 |
||
| Change in cash and cash equivalents in the reporting |
period | (297) | (92) | |
| Cash and cash equivalents at the beginning ofthe reporting period |
570 | 417 | ||
| Change in cash and cash equivalents due to exchange |
rate | |||
| movements | ||||
| Cash and cash equivalents at the end ofthe reporting period |
273 | 570 |
| 2022 | 2021 | |
|---|---|---|
| Teaching, Research and Residential | E'000 | E'OOO |
| Unrestricted funds |
||
| Tuition fees - UK and EU students Tuition fees - Overseas students |
1,257 898 |
1,212 895 |
| Other fees | 837 | 686 |
| Other HEFCE support | 111 | 55 |
| Other academic income | 223 | 99 |
| College residential income Total income from charitable activities |
1,955 5,279 |
1,473 4,420 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| E'000 | OOOO | |||||
| Non-chantable trading |
income | 747 | 51 | |||
| Other trading income |
4 | |||||
| 751 | 51 | |||||
| 3 | DONATIONS AND |
LEGACIES | ||||
| 2022 | 2021 | |||||
| E'000 | E'000 | |||||
| Donations and Legacies |
||||||
| Unrestricted funds Restricted funds |
276 886 |
1,557 841 |
||||
| Endowed funds |
6,781 | |||||
| 7,943 | 2,398 | |||||
| 4 | INVESTMENT INCOME | |||||
| 2022 | 2021 | |||||
| E'000 | E'OOO | |||||
| Unrestncted funds |
||||||
| Equity dividends | 470 | 457 | ||||
| Bank interest | 3 | |||||
| 473 | 457 | |||||
| Restricted funds | ||||||
| Equity dividends | 273 | 169 | ||||
| 273 | 169 | |||||
| Total Investment | income | 746 | 626 | |||
| 5 | OTHER INCOME | |||||
| 2022 | 2021 | |||||
| E'000 | F'OOO | |||||
| Coronavirus Job Retention |
Scheme | 47 | 326 | |||
| Otherincome | 83 | 40 | ||||
| 130 | 366 |
| 6 | ANALYSIS OF EXPENDITURE | 2022 | 2021 |
|---|---|---|---|
| f 000 | E000 | ||
| Charitable expenditure |
|||
| Direct staff costs allocated to: Teaching, research and residential |
3,711 | 2,583 | |
| Other direct costs allocated to: Teaching, research and residential |
2,383 | 2,324 | |
| Support and governance costs allocated to. Teaching, research and residential |
1,549 | 1,351 | |
| Total charitable expenditure |
7,643 | 6,258 | |
| Expenditure on raising funds |
|||
| Direct staff costs allocated to: | 505 | 298 | |
| Fundraising Trading expenditure |
76 | 58 | |
| Other direct costs allocated to: | 81 | 44 | |
| Fundraising Trading expenditure |
91 | 71 | |
| Support and governance costs allocated to: |
45 | 28 | |
| Fundraising Trading expenditure Investment management costs |
6 7 |
12 5 |
|
| Total expenditure on raising funds |
811 | 516 | |
| Total expenditure | 8,454 | 6,774 |
| 9 | STAFF COSTS | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The aggregate staff costs for the |
year were | as follows. | 2022 | 2021 | ||||||||||
| Salaries and wages | E'000 | E'000 | ||||||||||||
| Social security costs Pension costs. Defined benefit schemes |
3,086 254 |
2,898 227 |
||||||||||||
| Pension deficit recovery | plan adjustments | (note | 20) | 514 | 483 | |||||||||
| 1,193 | (147) | |||||||||||||
| The average number ofemployees on a full time equivalent basis was |
of the College, as follows. |
excluding | Trustees, | 5,047 | 3,461 | |||||||||
| Tuition and research | 2022 | 2021 | ||||||||||||
| College residential Fundraising Support |
10 36 5 |
11 38 4 |
||||||||||||
| Total | 12 | 12 | ||||||||||||
| The average number ofemployed College Trustees |
during | the | year was as follows | 63 | 65 | |||||||||
| University Lecturers |
||||||||||||||
| CUF Lecturers Other teaching and research Other |
19 2 18 |
19 2 18 |
||||||||||||
| Total | 2 | 1 | ||||||||||||
| 41 | ||||||||||||||
| There were no employees (excluding college trustees) exceeded E60,000(2021:No employees). |
during the year whose gross pay and pay benefits (excluding |
employer | Nl and pension | contributions) | ||||||||||
| TANGIBLE FIXEDASSETS | ||||||||||||||
| Group and College | ||||||||||||||
| Cost At start ofyear |
Leasehold land and buildings E'000 |
Freehold land and buildings E000 |
Plant and machinery E'000 |
Fixtures, fittings and equipment E'000 |
Total E'000 |
|||||||||
| Additions At end ofyear |
75 | 25,297 7 |
581 28 |
25,953 35 |
||||||||||
| Depreciation | 75 | 25,304 | 609 | 25,988 | ||||||||||
| At start ofyear | ||||||||||||||
| Depreciation charge for the At end ofyear |
year | 10 | 4,775 623 |
541 43 |
5,326 666 |
|||||||||
| Net book value | 10 | 5,398 | 584 | 5,992 | ||||||||||
| At end ofyear | ||||||||||||||
| At start ofyear | 65 | 'I9,906 | 25 | 19,996 | ||||||||||
| 65 | 20,522 | 40 | 20,627 |
| Group and College | |||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| All investments are held at fair value |
6'000 | 8'000 | |||||
| 17,346 | 14,627 | ||||||
| Investments Valuation at start of year |
6,800 (725) |
2,719 | |||||
| New money invested (Decrease)/increase |
in value of investments | ||||||
| 23,421 | 17,346 | ||||||
| Investments at end |
of year | ||||||
| Investments comprise: |
Held outside the UK L'OOO |
Held in the UK EOOO |
2022 Total j'000 |
Held outside the UK EOOO |
Held in the UK 8'000 |
2021 Total P. OOO |
|
| Equity investments Alternative and other investments |
20,630 2,503 288 |
20,630 2,503 288 |
15,809 1,241 296 |
15,809 1,241 298 |
|||
| Fixed term deposits | and cash | 23,421 | 23,421 | 17,346 | 17,348 | ||
| Total investments |
| The results and the assets and liabilities | of the subsidiary | at the year end are as follows. | 2022 F'000 |
2021 r.'ooo |
||
|---|---|---|---|---|---|---|
| 7 | ||||||
| (2) | (4) | |||||
| Income | ||||||
| Expenditure | (2) | |||||
| Result for the year | 3 | 7 | ||||
| (2) | (4) | |||||
| Total assets | ||||||
| Total liabilities | ||||||
| Net funds at the end ofyear | ||||||
| DEBTORS | 2022 Group 6'000 |
2021 Group EOOO |
2022 College f.'000 |
2021 College EOOO |
||
| Amounts falling due within one year: Trade debtors Amounts owed by College members Prepayments and accrued income |
260 136 41 973 |
48 61 58 716 |
260 136 41 973 |
48 81 58 718 |
||
| Other debtors | 1,410 | 883 | 1,410 | 883 | ||
| CREDITORS: falling due within one year | 2022 Group 6'000 |
2021 Group BOOO |
2022 College 6'000 |
2021 College EOOO |
||
| Bank loans Trade creditors Amounts owed to College Members Taxation and social security Accruals and deferred income |
1,000 51 156 120 515 147 |
2,400 140 136 88 291 98 |
1,000 51 156 120 515 147 |
2,400 140 136 88 291 98 |
||
| Other creditors | 1,989 | 3,153 | 1,989 | 3,153 |
| 15 | CREDITORS: falling due after more than one year | ||||||
| Otherloans | 2022 Group 6'000 |
2021 Group EOOO |
2022 College 6'000 |
2021 College E'000 |
|||
| 23 | 23 | 45 | |||||
| 23 | 45 | 23 | 45 | ||||
| 16 | ANALYSIS OF MOVEMENTS ON FUNDS | ||||||
| Group and College Endowment Funds - Permanent |
At 1 August 2021 EOOO |
Incoming resources EOOO |
Resources expended EOOO |
Transfers EOOO |
Gains/ (losses) 6'000 |
At 3'I July 2022 6'000 |
|
| General endowment | |||||||
| Fellowships Scholarships/Prizes/Bursaries Chapel and related purposes Other |
10,286 1,376 1,020 1,634 |
5,375 1,406 |
10 9 |
(328) (125) (147) |
9,958 6,636 2,288 |
||
| 48 | (46) | 1,588 | |||||
| Endowment Funds - Expendable |
(2) | 46 | |||||
| General endowment Fellowships Scholarships/Prizes/Bursaries Other |
2,513 296 124 |
(65) (8) |
2,448 288 |
||||
| 49 | (3) | 'l21 | |||||
| Total Endowment Funds |
17,346 | 6781 | (1) | 48 | |||
| Restricted Funds | (725) | 23421 | |||||
| Fellowships Scholarships/Prizes/Bursaries Chapel and related purposes Buildings - capital Buildings -lease Other Total Restricted Funds Unrestricted Funds |
137 803 6 1,055 154 2,155 |
127 538 36 2 456 1,159 |
(50) (380) (35) (2) (145) ~612i |
(10) (2) (22) (7) (41) |
204 959 7 1,033 458 2,661 |
||
| Fixed asset designated fund General funds Other designated funds Pension reserve |
20,688 (3,876) |
6,909 | (666) (5,982) |
(1,059) 1,081 |
18,963 (1,868) |
||
| Total Unrestricted Funds - College Unrestricted funds held by subsidiaries |
(1,144) 15,668 |
6,909 | (1,194) (7,842) |
22 | (2,338) 14,757 |
||
| Total Unrestricted Funds Total Funds |
15,668 | 6.909 ~(7842, | 22 | 14,757 | |||
| 35,169 | 14,849 | (8,454) | (725) | 40,839 |
| DETAILS OF THE FUNDS OF THE COLLEGE | |||
|---|---|---|---|
| The following is a summary of the origins and purposes |
ofeach ofthe Funds | ||
| Endowment Funds - Permanent: General endowment |
A consolidation of gifts and donations where income, but not capital, can be used for the general purposes of the College Capital balance of past donations where related income, but not the original capital, can be used |
for | |
| Fellowships Scholarships/Prizes/Bursaries Chapel and related purposes |
supporting Teaching Fellowships Capital balance of past donations where related income, but not the original capital, can be used for the provision of scholarships, prizes and bursanes Capital balance ofpast donations where related income, but not the original capital, can be used to support the Chapel and related activities A consolidation of gifts and donations where income, but not capital, can be used to support other |
||
| Other | specified College activities | ||
| Endowment Funds -Expendable: |
A consolidation of gifts and donations where either income, or income and capital, can be used |
for | |
| General endowment | the general purposes of the College A consolidation of gifts and donations where either income, or income and capital, can be used |
for | |
| Fellowships Scholarships/Prizes/Bursaries |
supporting Teaching Fellowships Capital balance of past donations where either income, or income and capital, can be used for the provision of scholarships, prizes and bursaries A consolidation of gifts and donations where either income, or income and capital, can be used |
to | |
| Other | supporting other specified College activities. |
||
| 17 | FUNDS OF THE COLLEGE DETAILS continued Restricted Funds: |
A consolidation of gifts and donations where both income and capital must be used for supporting |
|
| Fellowships Scholarships/Prizes/Bursaries Chapel and related purposes |
Teaching Fellows A consolidation of gifts and donations where both income and capital must be used for the provision of scholarships, prizes and bursaries A consolidation of gifts and donations where both income and capital must be used to support the Chapel and related activities A consolidation of gifts and donations where both income and capital must be used to provide |
||
| Buildings | new buildings or maintain existing buildings A consolidation of gifts and donations where both income and capital must be used to support |
||
| Other | other specified College activities | ||
| Designated Funds Fixed asset designated fund |
This represents the net book value ofthe fixed assets of the College less the amount funded restncted fund. Therefore, this element of unrestricted funds are not available for expenditure |
by the "Buildings -Lease" on the College's general |
|
| purposes. Representing the liability for future pension contributions under defined benefit schemes |
|||
| Pension reserve |
| Qualified actuaries periodically account of actuarial surpluses |
Qualified actuaries periodically account of actuarial surpluses |
value the or deficits |
value the or deficits |
USS and OSPS schemes using the 'projected unit method', embracing in each scheme. The financial assumptions were derived from market |
USS and OSPS schemes using the 'projected unit method', embracing in each scheme. The financial assumptions were derived from market |
USS and OSPS schemes using the 'projected unit method', embracing in each scheme. The financial assumptions were derived from market |
USS and OSPS schemes using the 'projected unit method', embracing in each scheme. The financial assumptions were derived from market |
USS and OSPS schemes using the 'projected unit method', embracing in each scheme. The financial assumptions were derived from market |
USS and OSPS schemes using the 'projected unit method', embracing in each scheme. The financial assumptions were derived from market |
USS and OSPS schemes using the 'projected unit method', embracing in each scheme. The financial assumptions were derived from market |
USS and OSPS schemes using the 'projected unit method', embracing in each scheme. The financial assumptions were derived from market |
a market value approach. The resulting levels of contribution conditions prevailing at the valuation date. The results of the |
a market value approach. The resulting levels of contribution conditions prevailing at the valuation date. The results of the |
a market value approach. The resulting levels of contribution conditions prevailing at the valuation date. The results of the |
a market value approach. The resulting levels of contribution conditions prevailing at the valuation date. The results of the |
take latest |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| actuarial valuations and the |
assumptions | which | have the most significant | effect on the results were: | ||||||||||||
| USS | OSPS | |||||||||||||||
| Date of valuation: | 31/03/2020 | 31/03/2019 | ||||||||||||||
| Date valuation results published: |
30/09/2021 | 19/06/2020 | ||||||||||||||
| Value of liabilities: | f80.6bn | 6848m | ||||||||||||||
| Value ofassets: | 666.5bn | 6735m | ||||||||||||||
| Funding surplus / (deficit): |
(f14.1bn) | (6113m) | ||||||||||||||
| Prinopal assumptions: |
||||||||||||||||
| Discount rate | Fixed interest | Gilts +0.5% —2.25% | ||||||||||||||
| gilt yield curve | b | |||||||||||||||
| Rate of increase | in | salanes | plus 1%-2 75% | RPI | ||||||||||||
| Rate of increase | in | pensions | n/a | Average RPI/CPI d |
||||||||||||
| CPI +005%c | ||||||||||||||||
| Assumed life expectancies |
on retirement | at | age 65. | |||||||||||||
| Males currently aged | 65 | 23.9yrs | 21.7 yrs | |||||||||||||
| Females currently aged |
65 | 25.5yrs | 24.4 yrs | |||||||||||||
| Males currently aged |
45 | 25.9 yrs | 23.0yrs | |||||||||||||
| Females currently aged |
45 | 27.3 yrs | 25.8yrs | |||||||||||||
| Funding ratios |
||||||||||||||||
| Technical provisions | basis | 83% | 87% | |||||||||||||
| Statutory Pension Protection |
Fund | basis | 64% | 74% | ||||||||||||
| 'Buy-out' basis | 51% | 60% | ||||||||||||||
| Employer contribution rate (as |
%of | pensionable | salaries): | 21.1%to 21.48 | 19% | |||||||||||
| from 1 Oct 21 |
||||||||||||||||
| Effective date of next valuation: | 31/03/2023 | 31/03/2022 |
| a Consolidated Statement of |
Financial Activities | Unrestricted | Restricted | Endowed | 2020 |
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | ||
| F'000 | E000 | E000 | 6'000 | ||
| INCOME AND ENDOWMENTS | FROM: | ||||
| Charitable activities: Teaching, research and residential Other Trading Income Donations and legacies |
4,420 51 1,557 |
841 | 4,420 51 2,398 |
||
| Investments Investment income Other income Total income |
457 366 6,851 |
169 1,010 |
626 366 7,861 |
||
| EXPENDITURE ON: | |||||
| Charitable activities: Teaching, research and residential |
5,644 | 614 | 6,258 | ||
| Public worship | |||||
| Generating funds: |
358 | 12 | 370 | ||
| Fundra ising Trading expenditure Investment management costs Total Expenditure |
137 5 6,144 |
4 630 |
141 5 6,774 |
||
| Net Income/(Expenditure) before gains |
707 | 380 | 1,087 | ||
| Net gains/(losses) on investments |
2,719 | 2,719 | |||
| Net Income/(Expenditure) | 707 | 380 | 2,719 | 3,806 | |
| Transfers between funds |
106 | (106) | |||
| Other recognised gains/losses Fund balances brought forward |
14,855 | 1,881 | 14,627 | 31,363 | |
| Funds carried forward at 31July | 15,666 | 2,155 | 17,346 | 35,169 |
| 29 | ADDITIONAL PRIOR YEAR COMPARATB/ES |
ADDITIONAL PRIOR YEAR COMPARATB/ES |
ADDITIONAL PRIOR YEAR COMPARATB/ES |
continued | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| b Analysis of Movements |
on Funds | |||||||||
| Group and College | At 1 August | Incoming | Resources | Gains/ | At 31July | |||||
| 2020 | resources | expended | Transfers | (losses) | 2021 | |||||
| EQQQ | EQQQ | EQQQ | L'000 | F'000 | 6'000 | |||||
| Endowment Funds - Permanent |
||||||||||
| General endowment |
8,669 | 1,617 | 10,286 | |||||||
| Fellowships | 1,161 | 215 | 1,376 | |||||||
| Scholarships/Prizes/Bursanes | 861 | 159 | 1,020 | |||||||
| Chapel and related | purposes | 1,377 | 257 | 1,634 | ||||||
| Other | 40 | 8 | 48 | |||||||
| Endowment Funds - Expendable |
||||||||||
| General endowment |
2,122 | 391 | 2,513 | |||||||
| Fellowships | 250 | 46 | 296 | |||||||
| Scholarships/Prizes/Bursaries | 105 | 19 | 124 | |||||||
| Other | 42 | 7 | 49 | |||||||
| Total Endowment | Funds - | College | 14,627 | 2,719 | 17,346 | |||||
| Endowment funds |
held by subsidiaries | |||||||||
| Total Endowment | Funds | 14,627 | 2,719 | 17,346 | ||||||
| Restricted Funds |
||||||||||
| Fellowships | 16 | 65 | (47) | 34 | ||||||
| Scholarships/Prizes/Bursaries | 641 | 680 | (415) | 906 | ||||||
| Chapel and related | purposes | 75 | 37 | (106) | 6 | |||||
| Buildings | 71 | (71) | ||||||||
| Other | 1,149 | 157 | (97) | 1,209 | ||||||
| Total Restricted Funds - College | 1,881 | 1,01O | ~830 | ~108 | 2,155 | |||||
| Restricted funds held by subsidiaries |
||||||||||
| Unrestricted Funds |
||||||||||
| Fixed asset designated fund |
21,207 | (654) | 135 | 20,688 | ||||||
| General funds Other designated |
funds | (5,061) | 6,851 | (5,637) | (29) | (3,876) | ||||
| Major works reserve | ||||||||||
| Pension reserve | (1,291) | 147 | (1,144) | |||||||
| Total Unrestricted | Funds - | College | 14,855 | 6,851 | (6,144) | 106 | 15,668 | |||
| Unrestricted funds Total Unrestricted |
held by subsidiaries Funds |
14,855 | 8,851 | ~6.144 | 106 | 15,668 | ||||
| Total Funds | 31,363 | 7,861 | (6,774) | 2,719 | 35,169 |