2021-12-31-accounts - The City Of Oxford Charity Limited

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Trustees		M Altaf-khan
		RA Birch
		C E Christie
		W D Cronan
		EA W Diggins			(Appointed	10July 2021)
		DrAJ Fairweather-Tall			(Appointed	8 July 2021)
		J G M Gay
		JV Gould
		C E Hilliard
		A Hollingsworth
		G Jones
		M Lygo
		J Mactaggart
		SPressel			(Appointed	21 July 2021)
		C Simm
		Prof R Smith
		Dr JTomes
		J Williams			(Appointed	8 July 2021)
Secretary	and Chief Executive	Mr R Eve
Charity number		1172230
Company	number	10670170
Registered	office	The Office
		Stones Court
		StClements
		Oxford
		OX4 1AP
Auditor		Critchleys Audit LLP
		Beaver House
		23-38 Hythe Bridge Street
		Oxford
		Oxfordshire
		OX1 2EP
Bankers		Barclays Bank	pic
		54 Cornmarket	Street
		Oxford
		OX1 3HS
Investment	advisors	Cazenove Fund Management		Ltd
		1 London Wall	Place
		London
		EC2Y 5AU

			Page
Trustees' report			1-3
Statement oftrustees'	responsibilities
Independent auditor's	report		5-8
Statement offinancial	activities
Summary income and	expenditure	account	10
Balance sheet
Notes to the financial	statements		12-24

			Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
			funds	funds		funds	funds
			2021	2021		2020	2020	2020
		Notes	F			E
Donations and legacies		3	1,266		1,266	15,958		15,958
Charitable activities		4	198,335		198,335	190,711		190,711
Investments		5	157,504		157,504	210,196		210,196
Total income			357,105		357,105	416,865		416,865
Raising funds			2,233	16,203	18,436	5,358	15,711	21,069
Charitable activities		7	336,662		336,662	372,616		372,616
Total resources	expended		338,895	16,203	355,098	377,974	15,711	393,685
Net gains/(losses) on
investments			(75,000)	498,318	423,318		(290,791)	(290,791)
Net (outgoing)/incoming
resources before transfers			(56,790)	482,115	425,325	38,891	(306,502)	(267,611)
Gross transfers
between funds			65,478	(65,478)
Net movement	in funds		8,688	416,637	425,325	38,891	(306,502)	(267,611)
Fund balances at 1 January
2021			1,795,100	4,906,754	6,701,854	1,756,209	5,213,256	6,969,465
Fund balances	at 31
December 2021			1,803,788	5,323,391	7,127,179	1,795,100	4,906,754	6,701,854

All income funds
			2021	2020
				F
Gross income			357,105	416,865
Losses on investments			(75,000)
Transfer from endowment	funds		65,478
Total income in the reporting		period	347,583	416,865
Total expenditure from income funds			338,895	377,974
Net income for the year			8,688	38,891

					2021	2020
				Notes	f
Fixed assets
Tangible assets				12	1,777,497	1,856,746
Investment	properties			13	1,499,000	1,474,000
Investments				14	4,070,425	3,749,418
					7,346,922	7,080,164
Current assets
Debtors					2,166	17,724
Cash at bank and		in	hand		425,509	314,890
					427,675	332,614
Creditors:	amounts		falling due within
one year					(72,996)	(89,350)
Net current	assets				354,679	243,264
Total assets less		current liabilities			7,701,601	7,323,428
Creditors:	amounts		falling due after
more than	one year			19	(574,422)	(621,574)
Net assets					7,127,179	6,701,854
Capital funds
Expendable	endowment				5,323,391	4,906,754
				20	5,323,391	4,906,754
Income funds
Unrestricted	funds
Designated	funds			21	110,294	50,286
General unrestricted			funds		1,693,494	1,744,814
					1,803,788	1,795,100
					7,127,179	6,701,854

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			Z
	Donations	and gifts	1,266	150
	Legacies	receivable		15,808
			1,266	15,958
4	Charitable	activities
			Stones	Stones
			Court	Court
			2021	2020f
	Charitable	rental income	203,371	194,037
	Less: Grants payable to residents		(5,036)	(3,326)
			198,335	190,711

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
				E
Rental	income		81,448	78,203
Income	from investments	8 interest	76,056	131,993
			157,504	210,196

	Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
	funds	funds		funds	funds
		general			general
	2021	2021f	2021	2020	2020	2020 F
In	2,233	16,203	18,436	5,358	15,711	21,069
	2,233	16,203	18,436	5,358	15,711	21,069

			Stones	Grant	Total	Stones	Grant	Total
			Court	making	2021	Court	making	2020
			2021	2021		2020	2020
				f			E
Staff costs			20,166		20,166	26,423		26,423
Depreciation	and
impairment			79,951		79,951	79,928		79,928
Loan interest			20,113		20,113	22,772		22,772
Other Stones	Court	costs	71,051		71,051	105,507		105,507
			191,281		191,281	234,630		234,630
Grant funding	ofactivities
(see note 8)				78,573	78,573		66,047	66,047
Share ofsupport costs
(see note 9)			28,621	28,848	57,469	28,861	29,340	58,201
Share ofgovernance		costs
(see note 9)			5,603	3,736	9,339	8,242	5,496	13,738
			225,505	111,157	336,662	271,733	100,883	372,616

			making	making
			2021	2020
				E
Grants	to	individuals	78,573	66,047
			78,573	66,047

Support costs
		Support	Governancef	2021 f	Support f	Governance f	2020 f
Staff costs		44,201		44,201	45,414		45,414
Printing, postage,	bank
charges 8 sundry	costs	13,268		13,268	12,787		12,787
Audit fees			5,856	5,856		5,520	5,520
Audit fees - other
services						114	114
Legal and professional			3,483	3,483		8,104	8,104
		57,469	9,339	66,808	58,201	13,738	71,939

The average monthly number ofemployees during t	he year was:
	2021	2020
	Number	Number
Employment costs	2021f	2020f
Wages and salaries	62,855	67,741
Social security costs	1,512	2,726
Other pension costs		1,370
	64,367	71,837

				Unrestricted	Endowment	Total	Endowment
				funds	funds		funds
					general		general
				2021f	2021f	2021	2020f
Revaluation	of	investments			398,318	398,318	(290,791)
Revaluation	of	investment	properties	(75,000)	100,000	25,000
				(75,000)	498,318	423,318	(290,791)

12	Tangible fixed assets
				Freehold	land and buildings
	Cost
	At 1 January 2021				2,397,827
	Additions				702
	At 31 December 2021				2,398,529
	Depreciation and impairment
	At 1 January 2021				541,081
	Depreciation charged	in the	year		79,951
	At 31 December 2021				621,032
	Carrying amount
	At 31 December 2021				1,777,497
	At 31 December 2020				1,856,746
13	Investment property
					2021
	Fair value
	At 1 January 2021				1,474,000
	Net gains or losses through		fair value adjustments		25,000
	At 31 December 2021				1,499,000

					Listed	Cash in	Total
					investments	portfolio
	Cost or valuation
	At 1 January 2021				3,692,189	57,229	3,749,418
	Additions				1,420,810		1,420,810
	Valuation changes				398,318		398,318
	Movement in cash held					(2,832)	(2,832)
	Disposals				(1,495,289)		(1,495,289)
	At 31 December 2021				4,016,028	54,397	4,070,425
	Carrying amount
	At 31 December 2021				4,016,028	54,397	4,070,425
	At 31 December 2020				3,692,189	57,229	3,749,418
15	Financial instruments					2021	2020
	Carrying amount offinancial		assets
	Instruments measured	at fair value through		profit or loss		4,016,028	3,692,189
16	Debtors
						2021	2020
	Amounts falling due within one year:					E	F
	Other debtors					2,166	17,724
17	Loans and overdrafts
						2021	2020f
	Bank loans					618,504	664,041
	Payable within one year					44,082	42,467
	Payable after one year					574,422	621,574
	Amounts included above which		fall due after	five years:
	Payable by instalments					380,623	434,897

18	Creditors: amounts	falling due within one year
				2021	2020
			Notes
	Bank loans		17	44,082	42,467
	Deferred income			13,998	14,176
	Grants payable			4,115	3,800
	Accruals			10,801	28,907
				72,996	89,350
19	Creditors: amounts	falling due after more than one year
				2021	2020
			Notes	E	F
	Bank loans		17	574,422	621,574

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					Movement	in funds		Movement	in funds
			Balance at		Income	Transfers	Balance at	Income	Transfers	Balance at
			1January	2020			1 January 2021			31December
										2021
	Extraordinary
	repairs fund		20,255		31	30,000	50,286	8	60,000	110,294
			20,255		31	30,000	50,286	8	60,000	110,294
22	Analysis of	net assets		between funds
				Unrestricted Endowment			Total	Unrestricted	Endowment	Total
					funds	funds		funds	funds
					2021	2021		2020	2020	2020
	Fund balances		at 31
	December 2021 are
	represented	by:
	Tangible assets				1,777,497		1,777,497	1,856,746		1,856,746
	Investment properties				400,000	1,099,000	1,499,000	475,000	999,000	1,474,000
	Investments					4,070,425	4,070,425		3,749,418	3,749,418
	Loan between		funds		(150,003)	150,003		(158,336)	158,336
	Current assets/
	(liabilities)				350,716	3,963	354,679	243,264		243,264
	Long term liabilities				(574,422)		(574,422)	(621,574)		(621,574)
					1,803,788	5,323,391	7,127,179	1,795,100	4,906,754	6,701,854