# ## ## ## |||||||| |---|---|---|---|---|---|---| |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| ## ||||Grant|making|Grant|making| |---|---|---|---|---|---|---| |||||2021||2020| |||||||E| |Grants|to|individuals||78,573||66,047| |||||78,573||66,047| ## ## |9|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| ||||e||I~ (II
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I- e| ## ## ## ||||||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| ## ## ##