2020-12-31-accounts - The City Of Oxford Charity Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Unrestricted	Endowment	Endowment	Total	Total
		Note	Funds		Funds	2020	2019
Income and endowments		from:
Donations and legacies
Donations			150			150	1,259
Legacies			15,808			15,808
Charitable activities
Property income—		3	190,711			190,711	171,963
Stones Court
Investments		4	210196			210196	252 326
Total income			416865			416865	425 548
Expenditure on:
Raising funds
Property maintenance	and fees		5,358			5,358	8,758
Investment management		fees			15,711	15,711	16,572
Charitable activities		5
Stones Court			271,733			271,733	270,580
Grant making			100883			100863	138994
Total expenditure			377974		15711	393685	434904
Net income before
investment gains			38,891		(15,711)	23,180	(9,356)
Net gains/(losses) on
investments		10			290791	290791	323737
Net income			38,891	(306,502)		(267,611)	314,381
Transfers
Net movement in funds Reconciliation offunds:			38,891	(306,502)		(267,611)	314,381
Fund balances brought
forward at01.01.20			1 756209	5	213256	6969465	6655084
Fund balances carried forward at 31.12.20			~51	~4			9 9465

					Note	2020	2020	2019
								E
FIXEDASSETS
Fixed assets for	charity use				9	1,856,746		1,936,674
Investments					10	5223	418	5 521 588
						7080	164	7458262
CURRENT ASSETS
Debtors						17,724		459
Cash at bank and in hand						~314	890	299472
						332,614		299,931
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR			12	89	350	122767
NET CURRENT	ASSETS					243	264	177164
TOTAL ASSETSLESSCURRENT LIABILITIES						7,323,428		7,635,426
CREDITORS:	AMOUNTS	FALLING	DUE MORE THAN	ONE
YEAR					15	~627	574	~665 961
NET ASSETS
FUNDS
Endowment (page 13)						4,906,754		5,213,256
Unrestricted (page 13)						'! 795	100	1 756209
						~61	4

ANALYSIS OF SUPPO	RT COSTS
			Grant
		Stones	Making
		Court	Activity		2020			2019
		E				F
Salaries		22,467	22,947		45,414		44,933
Printing, postage, bank charges
and sundry expenses		6,394	6,393		12,787			9,698
Governance costs;
Legal and professional	fees	4,862	3,242		8,104			780
Auditors remuneration	-audit	3,312	2,208		5,520			5,520
Auditors remuneration	-other services	68		46	114			942
		~37 1	~		~3		~61 87
Support costs are allocated to activities using an estimate ofthe time				spent on each		activity		by the
employees.
ANALYSIS OF NET ASSETSPER FUND
Below is this analysis of net assets by funds.
		Unrestricted		Endowment
31 December 2020		Funds 6			Fundsf			Total
FIXEDASSETS
Fixed assets for charity	use	1,856,746					1,856,746
Investments			475,000		4,748,418		5,223,418
NET CVRRENT ASSETS			243,264				243,264
LONG TERM CREDITORS			(621,574)				(621,574)
LOAN BETWEEN FUNDS			~158336		158336
NET ASSETS		1797~0			~74		~7
31 December 2019
FIXEDASSETS
Fixed assets for charity	use	1,936,674					1,936,674
Investments			475,000		5,046,588		5,521,588
NET CURRENT ASSETS			177,164				177,164
LONG TERM CREDITORS			(665,961)				(665,961)
LOAN BETWEEN FUNDS		~166668			166668
NET ASSETS		~1756209			~521325		~969

10	INVESTMENT AS	SE	TS
							2020		2019
							6		6
	Freehold properties	at	market value			(note 16)	1,474,000	1,474,000
	Investments in securities						3,692,189	4,024,003
	Cash held for investment			purposes			57229		23555
								~5521
							2020		2019f
	Opening value offreehold			properties			1,474,000	1,474,000
	Increase in valuation
	Closing value offreehold			properties		(note 16)	1 474000	1	474000
	Opening market value		of	investments		in securities	4,024,003	3,727,115
	Additions						1,596,258		263,868
	Disposal proceeds (Loss)/Gain on investment			assets			(1,637,281) ~299791	(290,717) 323 737
	Closing market value	of investment				in securities			003
	Analysis of investment		securities		into distinct types:
	UK Bond Funds						516,922		703,767
	Equity Funds						2,289,146	2,336,378
	Property Funds						687,010		792,425
	Other						199111		191433
							~692 189	~4
11	DEBTORS
							2020		2019
							6		8
	Legacies receivable						15,808
	Other debtors						1 916		459

CREDITO	RS: AMOUNTS FALLING DUE WITHIN ON	E YEAR
		2020	2019
		6
Grants payable		3,800	3,940
Accruals		28,907	62,737
Deferred	income	14,176	15,195
Bank loan	less than one year	42467	40895
		89350	122

CRE	DITO	RS: ANIO	UNTS FALLING DUE AFTER MORE	THAN ONE YEAR
				2020	2019
				E
Bank	loan	between	two and five years	186,677	179,818
Bank	loan	for more	than five years	434 897	486 143
				621 574	665961

Property	inco	me includes the	following amounts relating	to the freehold	properties:
			58		15Alma
			StClemente	Gosfordf	Placef	Totalf
Income			59,849	670	17,684	78,203
Market	value	2020	900000	99000	475000	~1474
Market	value	2019	QQQJ)QQ	BRQQQ	4Z5JKQ	~74 000

					2020f	2019
INCOME
Donations					150	1,259
Legacies					15,808	-1
Investment income					210,165	252,310
Property income —Stones	Court				190711	171963
TOTAL INCOME FOR YEAR						~42 32
EXPENDITURE
Raising Funds
- Property maintenance	and	fees			5,358	8,758
Stones Court
—Manager's salary					26,423	22,419
- Repairs and maintenance					72,476	82,468
- Utiiities					19,425	20,295
- Depreciation ofStones	Court improvements				79,928	70,300
- Loan interest					22,772	25,950
-Other					13,606	17,280
Grants
- Relief in need/sickness					57,650	80,647
- Bankruptcy fees					4,450	10,790
- Education grants					3,947	17,552
Support costs
-Salaries					45,414	44,933
- Printing, postage, bank	charges		and sundries		12,787	9,698
Governance costs
-Legal and professional					8,104	780
-Audit and accountancy TOTAL EXPENDITURE FOR		THE	YEAR		5634 ~4	6462 418332
SURPLUS FOR THE YEAR					38,860	7,200
Net income for year on designated			funds
Extraordinary repairs fund					31	16
Net income before investment		gains from unrestricted		funds